Banc De Binary Review
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When compiling a list of the major binary options brokers, you can’t avoid featuring Banc de Binary, one of the most popular and reputable binary operators in the industry. They offer an extremely high standard of solutions for options trading, coupled with a level of trustworthiness and excellent security features which should put the mind of even the most skeptical binary trader at ease.
Online since: 2009
Max Returns: 91%
Minimum Deposit: $250
Minimum Investment: $1
Maximum Investment: $6000
Currencies: USD, GBP, EUR, JPY, CHF, and RUR
Countries: All nations excl. USA & Australia
– Reputation that derives from stringent regulation and oversight;
– A wide range of underlying assets, particularly indexes;
– The demo account and the Islamic account are available;
– SSL security;
– US clients cannot trade;
– Technical Analysis tools are not widely available;
Binary Minery Rating:
Banc de Binary started out in 2009, and is officially located and managed from Cyprus. It’s important to note that the broker entered the market during the peak of the financial crisis, which is not accidental. The founders wanted to offer individuals the chance to generate profits even during that time of turmoil. It is also compatible with many binary options robots.
The main focus of this broker includes the development of a robust trading environment for traders of different levels. The sudden expansion of the client base is evidence to suggest that this broker must be on the right track.
Banc de Binary falls under the CySEC regulatory oversight (Cyprus Commission for the Securities and Exchange Commission). Additionally, it’s licensed by the European MiFID, and also the UK FCA, which is known for its level of strictness. On top of that, this is the only broker that is recognized by the French regulator. However, BDB is not a welcomed broker in the US. In fact, The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have issued a common warning to American investors in relation to unregulated binary options in US, and imposed Banc de Binary to cease operations in the US and to pay back all customer losses.
The superior regulation degree in Europe, combined with the launch of numerous insurance packages, places this operator into the list of the most trusted ones. The broker provides its clients protective measures of their assets, which are managed in collaboration with its partner banks. A widely used method of protection here is the segregated account. By using such accounts, which is becoming more and more popular for major brokers, traders’ funds will be kept individually and well apart from the company assets.
Banc De Binary Special Features
BDBs’ customers may take advantage of a wide range of assets and trading instruments. The list of underlying assets deserves particular attention, and is as follows:
- 97 stocks, such as AIG, ALIBABA, Amazon, Apple, Bank of America, Barclays, BMW, Boeing, Caterpillar, CISCO, Coca Cola, Daimler AG, Disney, eBay, Exxon Mobil, Facebook, IBM, Google, Goldman Sachs, ING, J&J, JP Morgan Chase, McDonald’s, Microsoft, Samsung, Siemens, Tesla, Toyota, Twitter, VW, Yahoo, and more.
- 40 popular stock indexes. This list makes the broker quite special as most of the binary operators provide trading opportunities only on 8-10 major indexes. With Banc de Binary one can find: BOMBAY SE, DAX, DOW, CAC 40 (France 40), FTSE 100, IBEX, NASDAQ, NIKKEI 225, S&P 500, and more.
- 5 commodities: gold, oil (only Brent), silver, coffee and sugar.
- 25 currency pairs – from majors to minors, you will find the most popular Forex pairs like EUR/USD, EUR/CAD, GBP/USD, AUD/NZD and many more.
So, a total of 167 assets should be more than sufficient for a decent trading experience. The narrow commodity list may be seen as a drawback, but the indices well and truly compensate it.
The trading account offers the following conditions:
- Minimum deposit – $ 250;
- Minimum investment per trade – $1, Maximum investment per trade $6000.
- Return – up to 91%
As a client, you can use one of the following currencies that are accepted for opening a live account: USD, GBP, EUR, JPY, CHF, and RUR. These currencies may be utilized for the demo account.
Regarding demo accounts, you should note that this is a big plus for any broker that provides it. BDB’s demo account provides $50 000 of virtual money. The virtual aspect of money is the only difference between the demo and real account, the trading process being the same. To make the training process outstanding, the trader may try various materials, videos, courses, etc., which are available on the website.
There are more trade types one can access through the BDB platform. They are:
- Classic binary options in which the trader clicks PUT or CALL depending on his prediction.
- Paired positions –this is one of the recent products in the binary options market. In this instance, the broker puts together different assets that were not traded before. For example, Banc De
Binary customers can trade the rates of Gold vs. Silver. The rules are identical to the classic binary options. Pair options are available directly on the platform online in a separate category.
- Long-term options –the expiry time in this case may be as much as six months.
- Turbo options – these are popular among traders because of the fast return. However, you should know turbo options are riskier. The expiry time is 60 seconds.
- Bronze account – the initial deposit varies from $250 to $2500. This is a basic account that includes daily market reviews, financial research and access to webinars twice a month.
- Silver account – the initial deposit is from $ 2500 to $ 5000. It is well suited for confident novices acquainted with the concept of financial trading. In addition to the Bronze account benefits,
it also includes trading alerts and event analysis, luxury loyalty store gift, 10 days of direct line to personal account manager, 1 month of trading signals from Trading Central.
- Gold account – the initial deposit is $5000+. The client can also enjoy bonus protected trades from their account manager, introductory private session with an analyst, and a smart money management plan.
Additionally, there are 2 more account types designed for professional traders. These are called Lion Premium Accounts, here they are:
- Premium account – the initial deposit is $10 000+.Additional to aforementioned features, it also includes an analyst educational program twice a month, luxury loyalty store gift, expedited withdrawals, and first access to all option contracts.
- Platinum account – the initial deposit is $25 000+. This VIP account may offer access to premium trade room, invites to exclusive VIP events, and the platform payouts 2-3% higher.
Banc de Binary also offers the Islamic Account –this type is intended for Muslim clients, being interest-free. This considers the “hibah” concept.
Banc De Binary Bonuses
We should note here that this broker provides an initial deposit bonus after signing up. The bonus is determined depending on the deposit sum and may be up to 100% of that sum. The bonus is only meant to help the clients in their trading process and cannot be withdrawn before meeting specific requirements which relate to the volume of transactions.
Furthermore there is a referral bonus available for traders who know somebody that is searching for a reputable broker. BDB offers recommendation bonuses to any of their customers who bring an additional trader on their web page.
Banc De Binary Trading Software
Banc de Binary utilizes a common platform developed under the brand of SpotOption. This is a web-oriented platform, which means it can be accessed online. SpotOption is perceived as one of the best software for options trading.
The trader can operate within many timeframes through the platform, which is a big plus for this broker. One can choose from 30m, 1h, 2h, 4h, 8h, and 12h for standard trading, and 2d, 3d, 4d, 5d, 6d, and 7d for long term trading. In total, there are about 12 timeframes which greatly helps the analytical process.
Clients can choose from linear and candlestick chart types, both being very popular.
As with any SpotOption platform, the trader can find on the right side 3 big buttons for clicking: CALL, PUT, and the Strike Price in the middle.
Here are the main positive aspects of the platform:
- Great interface;
- Intuitive access to all features;
- A decent array of options;
- Many assets;
- SSL protocol security method;
- Mobile version;
- Possibility of multi-window view.
The main drawback refers to the absence of technical analysis tools.
The mobile trading application may be utilized with several devices with internet connection. This enables customers to trade just about everywhere.
Banc De Binary Banking
Banc de Binary provides its clients with a wide array of payment alternatives:
- Bank wire transfers.
- Credit cards –Visa, MasterCard, Maestro, Cart Bleue and Amex.
- E-wallets – Webmoney, Skrill, AlertPay, YandexMoney, CashU, Qiwi, Boleto, China Union Pay, and more. You should select the alternative payment method depending on your country.
Payments are carried out in a prompt way – bank transfer is completed in 1-2 days, while electronic payments are done within one banking day. Withdrawals must be greater than $50.
Banc de Binary focuses on protection of funds. Their experts have formulated a variety of distinctive systems built to ensure client privacy. The segregated account is one of these methods.
A verification method that requires photo-ID and home address is mandatory for every client that wants to withdraw money. In fact, this is a requirement for any broker out there.
Banc De Binary Support Information
Customer service here is genuinely top notch. It has acquired numerous awards, which demonstrates the degree of this service. It’s accessible across a variety of languages including English, Spanish, French, German, Italian, Danish, Swedish, Dutch, Japanese, Arabic, and Portuguese. The support is accessible 24/7 by phone for free, e-mail, Skype, and of course the online chat.
The Bottom Line
There are many solid reasons to consider Banc de Binary one of the most trusted and stable brokers. The range of trading instruments and the intuitive platform ensure satisfying trading conditions.
Banc de Binary is centered on the value of European trade in the financial markets. That’s a natural approach as US and Australian-based clients can’t trade options with this operator.
Customer Service: Live Chat / Email / Phone / Skype
Trading Options: High / Low, Boundary, Touch Options, High Yield Options
Assets: Currencies, Stocks, Indices, Commodities
Expiry Times: 30 sec, 60 sec, 2min, 5min, 15 min, 30 min, 1 hr, 24 hr+, End of Month
Deposits and Withdrawals: Webmoney, Skrill, AlertPay, YandexMoney, CashU, Qiwi, Boleto, China Union Pay, Visa, MasterCard, Maestro, Cart Bleue and Amex.
Withdrawal Time: 2-5 bank days
Demo account: Yes
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