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World, Wisdom & Profit: The All-Knowing Binary Options institution that is Banc De Binary
Unfortunately from March 5th 2017 Banc De Binary are no longer trading. If you are looking for a good broker that is Cysec Regulated check out 24Option instead
This will be one of the easiest binary options reviews to write. Why? Because Banc de Binary is to binary options brokers what Coca Cola is to soda pop.
Founded in January 2009 and situated in Cyprus, Banc de Binary is one binary options broker that goes to extra lengths to be transparent.
With years ahead of most to establish it’s dominion in binary options trading, this is one broker that doesn’t have to try that hard, knowing that it has secured its place in this small but profitable financial market place. People might flirt with Pepsi or 7Up, but they will eventually find and trade on the Banc de Binary trading platform.
Due to its size and years of service, there is very little that Banc de Binary does not provide. It ticks most boxes, and the one it doesn’t will quickly find its way on the to-do list, and onto traders’ accounts. However, perhaps due to its size, this options broker can feel a little intimidating to break into. Where do you start when you have everything available to you? A small problem to overcome, but one that may deter the binary options trading beginner.
Equally, unless you plan on betting big and getting into its many ‘VIP’ clubs for high depositors, you may find it difficult to find time with any human being with any knowledge on the financial markets. Due to it’s lack of out of the money refunds, it can also at first appear a little beginner unfriendly.
However, that said, the Banc de Binary trading website provides some of the best binary options educational tools and a demo account to help you on your way. So even if you have to do it on your own and build up to reach that VIP binary options trader club in the sky, with hard work and a willingness to self-teach, chances are you’ll find all you need to be successful at your finger tips.
Asset numbers, as you expect are high, covering over 90 financial assets, including 40 stocks, 12 currency pairs, 8 commodities and 20 Indices. A nice little feature (although how successful this is, it’s hard to tell) is the ability to email them directly if you feel they should add a specific underlying asset to the list.
And again, as expected, Banc de Binary gives you all the expiry times which you may have grown accustomed to, from 60 second binary option trades to 24 hours. No stone left unturned.
First of all, let’s get the 'Out of the Money' refunds out of the way – strike one: Banc de Binary doesn’t provide it. The company did start it's life as old fashioned stock traders, so they may view out of the money refunds as an unfair insurance policy perhaps? Your financial bet is placed with the market at large, and the global financial market and your know-how will decide your success. If you want insurance, invest in a house.
Whatever their reasoning, they make up for their lack of compassion to the play-it-safe binary options trader by providing above average decent returns on your successful financial bets. With a maximum trading return of 91% and a general average return of 80%, this is one of the best binary options returns you’ll find online.
Equally, it’s only fair to say that they also have some of the lowest financial assets – meaning that whilst you may not be able to get out of the money refunds, you can make a minimum trade of $1 to test out your binary options trading strategies before making larger financial bets.
You’ve signed up and opened your Banc de Binary demo account and gotten $50,000 to play with. You are comfortable with their trading platform and want to get started. Now what?
Now you deposit a minimum of $250 – which is a little high for our liking, but on the other hand, if you are uncomfortable depositing this amount, then you’ve clearly not used up the $50,000 demo account money properly.
The more you deposit however, the higher your value to Banc de Binary, and the more benefits you receive.
Deposits can be completed via bank wire transfer, credit card, third-party credit card, and Skrill(Moneybookers), with deposits being received no longer than 5 business days depending on the method. There is no maximum deposit amount in place; however re-deposits must be made in amounts of $250 or greater. US dollars and Euros are the only currency types accepted.
One of the nicer features of this broker is that the Banc de Binary withdrawal process is quick and simple One features not often seen by other binary options brokers is the fact that there are no fees for withdrawals at any point – so you can withdraw as much and as often as you like. These are usually processed within 2 business day via the depositing method. The usual fraud checks will need to be passed upon first withdrawal (proof of identity) – but otherwise a painless and easy process.
A big company = big support. Banc de Binary go all out to let you get in touch with them about any queries you have.With phone, email, live chat, even skype... if you want to speak to someone about your account, you’ve got your choice of options, 24 hours a day, in 9 different languages. (English, Arabic, Greek, Spanish, French, Italian, Russian, Romanian and Lithuanian.)
We tested the Live Chat and found the service quick, reliable and efficient, even if opening a new tab in the browser is a little annoying, but hardly a deal breaker.
The Banc De Binary mobile trading app for both Android and iPhone users gives you the opportunity to trade quickly and easily on the go. Some of the benefits of using their native mobile platforms are that you can deposit funds on the move, live trading charts of available binary options, view a history of expired options and easily open and close your trades. Along with this you get help and support and all the features that the desktop website offers.
Powered by SpotOption, expect all the ease Banc de Binary's internet-based no download trading platform provides. As with the number of financial assets to trade, they have had the time to accumulate all the main trading options and instruments, including One Touch options, BinaryMETA, 60 Second trades and pairs. It’s also incorporated the growing and popular Option Builder, great if you’re an advanced options trader who wants to customise your trades by letting you set the exact expiry time and risk level.
Where Banc de Binary as a broker excels and makes up for what might at first appear as unfriendly to the binary options beginner is in its unique Digital Option Pro feature, which allows you to quickly see which binary options trades are the most popular at any given time. Good for old or new traders alike who might be seeking inspiration or direction.
The education section goes above and beyond most brokers, providing not just your usual data feed from Thomson Reuters, but a wide range of e-Books, audio books and trading videos. If, however, you’re more of a ‘hands-on’ type, you can request a free $50,000 demo account to help you navigate your way around the trading platform and test out your burgeoning financial trading knowledge.
A free mobile trading app, for smartphones and tablets, is also available.
There is no denying that Banc de Binary wants the big fishes out there. Their system is set up to make it as attractive as possible for knowledgeable and successful Binary Options and Financial traders to choose their platform over others. If you’re a successful options trader, chances are you’ve already found the broker Banc de Binary. If you haven’t then sign up and start trading.
But that said, they’ve created a seamless and smooth process for the first or small-to-medium traders to come and do what they need to do, with as little fuss as possible. It might not be the most attractive trading platform online, but it works well, provides you with as much choice and tools as possible and a wide range of financial assets to please everyone. If they don’t pay as much attention to the small fish, it’s only because they don’t have to. The small fish is happily swimming in the binary options spa they’ve created, hopefully becoming a fat fish.
So if you are after the human or personalised touch, this broker might not be for you. But if you want to make money and just get on with it, then you should seriously consider signing up with this well established and EU regulated binary options broker.Start Trading with Banc De Binary »