BANC DE BINARY Review
BANC DE BINARY – BROKER REVIEW
Banc De Binary, has several offices with the main ones in Cyprus and in London. They are one of the more professional companies in the binary option markets. And were the world’s first regulated binary options firm with customers and business partners in over 100 countries around the globe. Their website can be viewed in English, Italian French, Italian, Danish, Germany, Portuguese, Danish, Spanish, Chinese and Arabic
They are one of the older more established brokers in the industry as they opened their platform in 2009. For several times they fall on hard times and ran into issue with the United States CFTC and SEC but they remain as one of the larger market player in the binary currency trading industry.
- Platform Overview
- Trade Types
- Trading Tools
- Payouts and Return on Loss
- Assets Available
- Account Types and Bonuses Offered
- Final Verdict
Banc de Binary they offer today in 2015 the Spot 2.0, platform.
The Spot 2.0, platform is built to trade with speed can be a made it or break it feature for trading, especially if you get lags. So the system is fast. Not only for following signals and entering trades but also the charts are very fast, with the prices updating all the time , sometimes more than once every second. The platform offers a confirmation screen when you select a call or put trade. This means after you choose which asset you want to trade and the direction and click “submit”, a new screen pops up with the live asset price. When you click confirm on this screen, the price of your order is exactly that which appears on the screen at the time of the click, completely eliminating any chance of price slippage.
The new Spot 2.0 platform is easy recognizable and every broker that offers this trading platform looks the same at the moment. This can be good for when it help if you are already familiar with the system but also has it drawbacks as what you did not like in the platform in one of the brokers that is using spt2 you will most like come across again in another broker. The only changes are the graphs where you are able as a trader has thee ability to choose from 4 different trading screen layouts, including single graph, multi-graph and asset list.
- One Touch: This is a high risk option where the asset simply needs to reach the strike price once in order for it to be in the money
- Double-up: which is a trading type that does not make that much sense for the trader as you simply take a trade that you currently have and duplicate it to the current market price.
- Rollover: this means when you lost a trade but you are convinced that this a flux and you guess the direction correct you will continue the trade, for the same payout just a higher investment, also for a trader in general not a good idea.
- Early Sell: the coward trade, you simply cut the time frame short. For wining and loosing this comes with a price
The easy part besides all regular channels that are offered for support like telephone and email, they offer also support in skype. I general during all office hours they are easy to reach.
Traders can find basic introductory and tutorial videos as well as videos on binary options trading in general in the education section of the website. These videos are narrated in a crisp, clear voice, and are available in all languages that the site operates in.. Their e-book is easy to understand and they also provide a library of written articles on all aspects of trading and analysis.
Payouts and Return on Loss
Banc de Binary claims to offer payouts up to 91%. I could not find within their system the 91% the highest payout I came across was 84%. Still you will always be able to ask them which assest are provided for 91% payout
A trader sis able to fund his or her account using credit cards, wire transfers, Skrill and a few other smaller payment and deposit methods. In order to get your money out you have to fill in a form and request a minimum of $50 in order to get this withdrawal transfer made for free, Skrill and other payment programs. Withdrawals are made by filling out an online form. There is no withdrawal fee and only withdrawal requests of at least $50 per transaction are accepted.
Banc De Binary offers approximately 90 tradable assets to choose from, including assets that are tradeable on the weekends.
Account Types and Bonuses Offered
Banc De Binary provides a bonus to new traders on their initial investment of between 50% till a 100% in general no special promotions and bonuses are worth mentioning are offered. But anyways keep in mind there is no such thing as free money, if you look to make money you do not accept the bonus as it will limit you taking out your winnings since you have to trade a large amount in volume in order to get the bonus money cleared for withdrawal
Banc De Binary is a good broker , make sure thou that you are trading on your account and do not use their service of trading for you as account manager as they will most likely burn through your funds faster then you would have done so yourself. The new platform is a good upgrade over the old one and with their offering and global reach this is still a broker that is good to try.
|Based In||Limassol, Cyprus|
|Regulated||Fully CySEC EU Regulated|
|Mobile Specific Trading||Yes, Android & iPhone App|
|Account Currencies||USD, EUR, GBP|
|Languages||English, Italian, Spanish, German, Russian, French, Dutch, Arabic, Polish, Japanese, Swedish, Multi-lingual|
|Option Types||Standard Call/Put Binary Options, One Touch Binary Options, 30 Second Binary Options, 60 Second Binary Options, Long Term Options (up to 9 months), Pair Options|
|Option Expiry Times||60sec, 2min, 15min, 30min, 1hr, 24h up to 150 days|
|Underlying Assets||Stocks, Commodities, Currency Pairs, World Indices, Stock Pairs|
|In the Money Returns||· Up to 85%
· Up to 500% High Yield Touch
|Out of the Money Returns||Not stated|
|Deposit Methods||AlertPay , Bank Wire Transfer , Credit Card , Debit Card , Moneybookers , Western Union|
|Withdrawal||· 24 hours to process request –
AlertPay , Bank Wire Transfer , Credit Card , Debit Card , Moneybookers , Western Union
|Documentation Needed for Withdrawal||Photo ID and proof of address. ie. utility bill|
|Support||Live Chat, Email, Phone (Phone Support For 36 Countries)|
|Support Email|| firstname.lastname@example.org
|Support Languages||Customer support in 8 languages (English, Spanish, Russian, German, Italian, Portuguese, French, and Arabic).|
|Demo Account||Free Demo account upon request|
|Free Tools||Streaming News Feed|
|Full educational center|
Bonuses & Promotions
How Do I Get My First Deposit Trading Bonus?
For an account with $250 in it, a 100% bonus means an extra $250 to trade with.
Bonuses can range between 50%-100%.
If you talk to them directly you are able to get more bonus
Bonus Terms and Conditions
All bonuses are offered at our Account Executives’ discretion. While bonuses have obvious advantages, you are never required to accept them. Every bonus requires a trading turnover before a withdrawal is allowed. We do not advise that you accept a bonus unless you are committed to trading over a long period of time and understand the Bonus Terms and Conditions.
|Bronze||PRO Account||VIP account|
|190 trade able assets||yes||yes||Yes|
|Daily market reviews and financial research||yes||yes||Yes|
|Access to webinars twice a month||Yes||yes||Yes|
|Trading alerts and event analysis||Yes||Yes|
|Luxury loyalty store gift||Yes||Yes|
|Direct line to your account manager||10 days||Yes|
|Trading signals from Trading Central||1 month||3months|
|Bonus protected trades from account manager||Yes|
|Introductory private session with an analyst||Yes|
|Smart money management plan||Yes|
|Currencies||EUR/JPY||Stocks||BANK OF AMERICA|
|Currencies||GBP/CHF||Stocks||BESTV NEW MEDIA|
|Currencies||USD/RUB||Stocks||BRITISH AMERICAN T|
|Currencies||USD/ZAR||Stocks||CHINA PACIFIC INSURANCE|
|Commodities||OIL (BRENT CRUDE)||Stocks||COMMONWEALTH BANK|
|Indices||ASX FUTURE||Stocks||EXXON MOBIL|
|Indices||DAX FUTURE||Stocks||GENERAL ELECTRIC|
|Indices||DOLLAR INDEX F.||Stocks||GOLDMAN SACHS|
|Indices||FAZ-SHORT BANKS||Stocks||HSBC HOLDINGS|
|Indices||FRANCE 40 FUTURE||Stocks||ING GROEP|
|Indices||FTSE 100||Stocks||JOHNSON & JOHNSON|
|Indices||FTSE FUTURE||Stocks||JP MORGAN CHASE|
|Indices||HANG SENG||Stocks||KEC (SA)|
|Indices||HANG SENG FUTURE||Stocks||KING DIGITAL|
|Indices||IBEX||Stocks||LAS VEGAS SANDS|
|Indices||KL FUTURE||Stocks||LOUIS VUITTON|
|Indices||NIFTY||Stocks||NATIONAL AUSTRALIA BANK|
|Indices||NIKKEI 225||Stocks||ORANGE S.A.|
|Indices||S&P 500||Stocks||ROSHOW TECHNOLOGY|
|Indices||STRAITS TIMES||Stocks||SAB MILLER|
|Indices||TAIEX||Stocks||SAUDI BASIC INDS|
|Indices||TEL AVIV 25||Stocks||SAUDI REFINERIES|
|Indices||TZA-SHORT X3||Stocks||SHENZHEN TATFOOK|
|Stocks||ZHEJIANG DAILY MEDIA|