Why Choose Banc De Binary?
- Intuitive and Easy-To-Use Platform
- No Fees for Deposits, or Withdrawals
- Est 2009. Over 250,000 Satisfied Customers
Banc De Binary Review
Banc De Binary was founded in January 2009 by a trader called Oren Laurent. After working on Wall Street for some time, he gained experience with foreign exchange and hedge funds. He then founded Banc De Binary to provide easy access to options traders looking to be a part of the financial markets’ via a trustworthy partner. The broker was setup to teach other traders how to think and trade like a professional trader, and Banc De Binary’s clients can benefit from the educational resources offered by the firm.
Banc De Binary is licensed by CySEC (the Cyprus Securities and Exchange Commission), and is officially regulated in the European Union as the CySEC license is recognised by the EU-wide Markets in Financial Instruments Directive (MiFID). The firm is also separately/additionally regulated by the following financial regulators for operation in their respective countries: BaFin (Germany), CONSOB (Italy), CNMV (Spain), AMF (France) and the Financial Conduct Authority (FCA) in the UK.
Traders from all territories except Israel and the United States are welcomed.
The appeal of Banc De Binary is their trusted brand and continued focus on trader education. The firm goes above and beyond to educate its clients on the workings of the financial markets their financial analysts are also some of the very best in the industry.
Trading Platform and Features
The Banc De Binary Trading Platform is provided by SpotOption. For those unfamiliar with this software, it is a sleek and dependable binary options software platform. The trading is done either by their highly capable (and easy to use) mobile app, or straight from your browser. The mobile app is available for both Android and Apple devices.
Traders of varying levels of experience will enjoy working with this broker. The company’s policy is to educate people on which factors drive the markets, so training beginners that wish to understand trading have been a huge focus for them . Experienced traders will appreciate the platform because it allows them to make an average payout of 75% on individual trades. You will also have access to a wide selection of assets on the platform, including all popular Currency Pairs, Commodities, Stocks, and Indices.
Assets are traded via five options trading instruments: standard Binary Options, Short Term Options (60 Seconds), Long Term, One Touch, and Pairs. Binary Options lets traders choose an asset, and decide whether the asset price will be higher or lower than the entry price after a set period of time. 60 Seconds Options operate in very much the same way, but with the option expiring in 60 seconds. Long Term Options allows you to setup a trade which expires in up to 9 months. In One Touch Mode, you can still choose an asset, and define your own expiry, but you can also set a target price for the asset to hit. This tools allows for the highest possible payouts. Finally, in Pairs Mode, you can pair assets from different groups against one another, similar to currency pairs, but with Stocks, Commodities & Indices. Banc De Binary is certainly not short on choices.
Trading Accounts and Payouts
A standard option can yield returns of 70% to 85% on investment. A high-yield option, like the ones in One-Touch Mode, offers returns of up to 500%. Trades can be made with as little $1 and there is no commission fee charged by the platform. This is one of the reasons we find Banc De Binary to be such a great choice for novices. You get a feel for the markets without spending a fortune, and can gain experience in trading until you have the experience to make considerable profits.
Demo accounts are not offered, however the minimum deposit amount for a standard account is only $250. As mentioned above, the minimum investment amount is only $1. With a minimum deposit of $250, that’s $250 single trades for the novice trader. You can even request trader training to go alongside those trades. It would be highly unlikely that you won’t profit with a strategy where you gain experience like that.
The four account types offered are as follows:
- Micro Silver Accounts are offered for deposits of $250 – $5,000: This account provides access to 200 Tradable Assets, all 5 trading tools, their award-winning customer service, and a full curriculum for beginner traders.
- Standard Gold Accounts are offered for deposits of $5,001-$35,000: traders who do well in the Micro Silver Account often move up to this option. It offers all the features of the Micro Silver accounts, with the addition of trading alerts and event analysis.
- Personal Account Manager Reserved Accounts are offered for deposits of $35,001-$50,000: Choose this option to receive all of the perks of the first two accounts, but with the addition of a personal Account Manager. The Account Manager will be the your guide in the noisy financial world & is incentivised to help you profit. The account also includes up-to-the-minute trading signals and essential wealth-management advice.
- Banc De Binary Premium Accounts are offered for deposits of $50,000+: These accounts offer the greatest potential for profit and is an account created for the trading elite. One again, this account includes the features of the previous accounts but also includes bonuses, 24/7 account management services, risk free trades, private sessions with analysts and all the perks you can imagine from being a Banc De Binary VIP.
Bonuses and New Customer Promotions
As with most other brokers, there are always a number of bonuses and incentives on offer to new traders. Banc De binary also doesn’t offer a demo account, but Banc De Binary wants your business. This means that you have the power to request a great package that suits your trading requirements. Do you want risk -free trades? Trader Training? A personal Account Manager? Just ask the support staff when you are setting up your account and when you are making a deposit.
Banc De Binary are also willing to offer new traders up to a 100% signup bonus with x20 turnover requirement. Just don’t forget to ask them for this before you make a deposit. The bonus is usually reserved for larger deposits, but if you can only make the minimum deposit, fear not, you may not be able to get the whole 100% bonus and additional perks, but you may be able to negotiate yourself a unique promotion anyway. As always – just ask!
As you would expect from a highly regulated and trusted broker, Banc De Binary will segregate and safeguarded your funds at all times. This means that you can rest assured that your funds are safe and you can just focus on trading.
Banc De Binary only accepts and offers accounts in U.S. Dollars, Great British Pounds and Euros. Deposits have no upper limits, and minimum deposits vary according to currency and are set at $250, £250, or €250 (USD, GBP, or EUR).
Accepted deposit methods include: Skrill, Bank Wire Transfers, Debit Cards, Credit Cards, iDeal, Sofort and a number of others. Check the deposit methods image on this review for the latest update on these. Deposits and withdrawals are done via the same method for security purposes. So if you deposit via Skrill, you can only withdraw to Skrill. If the deposit was made by Credit Card, any withdrawal will be made to the same card.
Withdrawals are processed immediately, and without charge – a lovely perk as almost all other brokers charge a fee.
Customer service agents are available in eight languages. This well trained and multilingual team caters to clients from across the globe, whether that is Asia, Europe, Africa or Russia. Traders from all territories except Israel and the United States will have no issue dealing with the highly capable support team at Banc De Binary.
Traders, analysts, and customer service agents are available via Phone, Email, Skype, or Instant Messaging. Premium account holders will also receive a direct line to their personal account manager. If you need help, or you have a question, it won’t be long before your issues are addressed.
Educational support is provided, without charge to all account holders. This is done via a variety of channels, including: eBooks, Live Webinars, Video Tutorials on YouTube, a wealth of materials on the website, a daily news brief, and more. Every trader receives a personal account manager to guide them through the learning process, so don’t be to embarrassed to ask for help. You won’t regret it!
Why Trade at Banc De Binary
Banc De Binary has turned Binary Options trading into a fine art. They had over 250,000 trading customers in June 2015, and they are constantly innovating the process of serving their traders’ needs in the best way possible.
The education/training is available to all traders and can help you turn even a minimum deposit of $250 into a worthwhile investment. Traders who want to squeeze profits from the markets, and get acquainted with the world of finance have benefited from this trading platform. Banc De Binary was a pioneer in binary options, and we get the feeling that their incredible service is at the heart of their ongoing success as a company.
We appreciate that there are no fees for deposits or withdrawals. With a low investment amount of $1, all funds deposited into the Banc De Binary Account can immediately be traded instead of being used to pay fees (perfect for a low value scalping strategy). They are a leading regulated broker and we highly recommend non-US/Israeli traders try them out.