*As of January 15th, 2017, Banc de Binary has renounced its license and is therefore no longer accepting new clients!
|Broker||Banc de Binary|
|Founded in the year||2009|
|Main office based in||Cyprus|
|Contact possibilities||Email: firstname.lastname@example.org, phone, live chat, skype support|
English, Deutsch, Español, Français, Português, Pyccĸий, Italiano, العَرَبِية
|Trading platform||Own trading platform|
|Minimum first deposit||€250|
|Minimum amount traded||€10|
|Maximum amount traded||€50,000|
|Welcome bonus||100% deposit bonus up to €1000|
|Pay out information||72% on average|
|Leverage||Not applicable to binary options|
|Spread||Not applicable to binary options|
|Demo account||Click to open a Demo account|
|Available accounts||Micro Silver, Standard Gold, Personal Broker Reserved, VIP Lions Club, Demo|
|Methods of deposit||Banktransfer, Visa, MasterCard, Skrill/Moneybookers, iDeal, Sofort, PaySafeCard|
|Methods of withdrawal||Banktransfer, Visa, MasterCard, Skrill/Moneybookers|
|Number of tradable Assets||110+|
|Types of tradable assets||Trade options on Forex, commodities, indices, and stocks
No ETFs and CFDs
|Types of options||One touch options, 60 second options, pair options, option plus|
|Expiration times||Expirations time vary from 30 seconds to 30 days|
|US traders allowed|
|Trading on smartphone|
|Trading on tablet|
At first glance Banc de Binary seems a very professional company. Their slogan reads: “Private option Bankers”. The company claims to have over 100 years experience in trading shares and options. More information on the management team of Banc de Binary can be found on Banc de Binary’s website.
Like most binary option trading platforms. Banc de Binary’s option trading platforms are also web based. Web-based trading platforms give traders the advantage of being able to trade anywhere in the world. The trading platforms of Banc de Binary are user-friendly and easy to understand for the novice binary options trader. Currently, four different trading platforms are available at Banc de Binary and every trading platform is individually designed for different types of binary options traders.
Digital Option Pro – The standard trading platform which can be found at many binary option websites. It’s sleek and simple designed so that you can easily apply fundamental and technical analysis on the trading platform while you are trading binary options.
Option Builder – This function is for the advanced binary options trader. It gives the binary option trader the ability to create his/her own binary option and trade it. Investors can determine their own risk level and possibly take out insurance in the form of cash back.
How does Option Builder work at Banc de Binary?
1. Select the assets for which you want to buy or sell a binary option.
2. Choose an expiry time shorter than 4 hours.
3. Choose how much profit you want to make from the drop down menu.
4. Click “Call” if you think the price will go higher or “put” if you think the price will go lower.
5. Enter the amount you wish to invest in the binary option and click “Apply”.
One Touch Platform – This is for binary options traders who think the price of an asset will touch a certain point within a specific period on the chart. The payoff for this type of binary option can go up as far as 500%.
Binary Meta – An own developed trading platform which is very much like Metatrader 4. It works the same as other binary option platforms, only without all the bells and whistles, which allows you to easily monitor, modify, or close open positions.
Banc de Binary payout
Trading binary options effectively doesn’t cost anything since there is no spread between the put and call prices. Whether the binary option trader thinks the price is going up or down, the risk is known beforehand, as is the payout. The average payout at Banc de Binary is approximately 71% on standard binary options and up to 500% for one touch binary options.
Banc de Binary bonus
Banc de Binary offers bonuses to new binary options traders of 100%, up to €1,000. Although a bonus certainly is nice at it increases your trading balance, the bonus is subject to certain conditions and you will first have to “unlock” it before it can be withdrawn.
At Banc de Binary there are more than 90 assets in which one can trade binary options. This is above the average of 68 among other binary option brokers. For all these assets you can buy or sell binary options with different expiration times. Besides 60 seconds and 2 minutes, the expiry times at Banc de Binary are 15 minutes, 30 minutes, 1 hour, and 24 hours.
Banc de Binary customer service
The customer service of Banc de Binary takes every question seriously and tries to help you as effectively as possible. The customer service is available by phone, email and live chat in multiple languages including English, Arabic, Cantonese, Japanese, Mandarin Chinese, Russian, and Spanish.
Banc de Binary reliability
The question if Banc de Binary is reliable is often searched for in Google. Although there are quite a few complaints on the Internet about the broker, they are mostly from people who do not understand binary options and who have just lost their money and then express their frustration on the internet. Banc de Binary runs on the reliable and safe software of Spot Option and quotes are provided in real time by Thomson Reuters. Withdrawing profits is also simple and fast within 2 working days via Moneybookers, bank transfer or credit card.
Banc de Binary benefits
- With Option Builder traders can customize their own binary options.
- 60 Second Options are available for binary options traders who like fast action
- One Touch Weekend Trading allows traders to trade binary options even during the weekend
- Multiple different trading platforms available
- Up to 500% payout on One Touch binary options
- Many available methods of deposit and withdrawal
Banc de Binary cons
- Banc de Binary is not regulated so you are not protected by a regulatory institution.
- The bonuses and promotions offered not very unique or special
- Very limited educational material on the website
- High minimum initial deposit required of $250+
Banc de Binary review conclusion
Compared to other binary option brokers Banc de Binary seems a reliable binary option broker. The website looks good, though it looks more like a Forex website than a binary option website. The choice of trading platforms is large and the Binary Meta platform is definitely worth trying. Banc de Binary is not just a standard binary option broker, it is one of the most popular binary option brokers worldwide and for this reason it does not matter very much that Banc de Binary is not regulated. You can be confident that this broker will still exists tomorrow.
- Traders can customize their own binary options with Option Builder
- 100% deposit bonus
- Excellent trading platforms