Editor’s Verdict
Overview
Review
Headquarters | United Kingdom |
|---|---|
Regulators | CySEC, MiFID |
Year Established | 2009 |
Execution Type(s) | Binary Options |
Minimum Deposit | $250 |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
As of January 12, 2017, Banc De Binary is no longer be offering binary options trading and is not accepting any new clients.
Banc De Binary, with offices in Cyprus and London, is one of the more professional companies in the binary option markets. It was founded in 2009, and was the world’s first regulated binary options firm with customers and business partners in over 100 countries worldwide. The founders of the company have over 100 years of experience in financial markets which attest to its reliability and leadership in the binary option industry.
Banc De Binary is regulated by CySec and is licensed by MIFID as well as by several other European countries and has been the recipient of many awards over the years including the Best Overall Broker 2015. Their website can be viewed in English, French, Italian, Germany, Portuguese, Danish, Spanish, Arabic and Chinese.
Accounts
There are many trading accounts at Banc De Binary:
The Bronze account requires a minimum deposit of $250 to start and the minimum trade amount is $1.
$2500 must be deposited in order to open the Silver account which is the most popular account and $5000 is required to fund the Gold account. Each account offers a host of benefits.
Banc De Binary Accounts
There are also several accounts offered through Lion Management. $10,000 will open a Premium account while a $25,000 deposit is required for the Platinum account. Both of these accounts provide traders with a direct line to an account manager, trading alerts and event analysis, an introductory private session with an analyst and more.
In addition, traders with $100,000 or more can be invited by Lion Management to open an Exclusive account, details of which are not given on the site.
Features
Banc De Binary offers a full host of standard features and then some. There are approximately 90 tradable assets to choose from. The FAQ section answers questions about how to trade for success and deposit and withdrawal methods are clearly outlined so as to avoid any confusion or surprises during the transaction process.
The most impressive feature that we noticed during this Banc De Binary review is the company’s full transparency. We have never seen a binary options broker listing the names of all of its employees and traders, as Banc De Binary does, nor do most other binary options companies list multiple ways through which traders can contact the company. In fact, Banc De Binary is one of the only binary options brokers that provide Skyping as well as live, personal walk-throughs for new clients.
Education
In the education section of the website, traders can find basic introductory videos as well as videos on binary options trading. These videos are narrated in a crisp, clear voice, and are available in all languages that the site operates in, an indication of the broker’s desire to cater to traders on all levels. Their comprehensive e-book and a library of written articles on all aspects of trading and analysis are also available.
Banc De Binary's Financial Education Videos
Banc De Binary also offers a free platform walkthrough to anyone interested in learning more simply by contacting them. An account manager will guide them step-by-step through their five platforms and explain how to profit trading commodities, currencies, indices or stocks.
Banc De Binary's Market Review Videos
Daily market analysis and videos showing multiple forms of trading are available to anyone logging on to the site. In addition, Banc De Binary offers a range of articles about the binary options industry and presents various trading techniques and tools so traders can have successful binary option trading experiences.
An economic calendar lists future events in the financial sectors and the “Trade of the Day” is given by one of Banc De Binary’s analysts.
There is also a blog section which provides daily updates on what is happening in the news around the world as well as articles on trending in the financial markets.
Banc De Binary's Blog Homepage
Bonuses
Banc De Binary rewards new clients with trading bonuses so as to give them an initial boost of cash to invest. For an account of $250, a 100% bonus means an extra $250 to trade with. Bonuses can range between 50%-100%.
For gold account customers and upwards, Banc De Binary offers a 100% bonus on the first deposit as well as bonuses for friend referrals and special trading events.
Other bonuses may also be offered prior to big market events, and may be awarded to active traders whom the company wishes to reward. When doing this Banc De Binary review, there were no additional bonuses or promotions being offered.
Deposits/Withdrawals
Deposits can be made via wire transfers, credit cards, MoneyBookers, 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.
Customer Support
Customer Support Methods |   |
|---|---|
Support Hours | 24/6 |
Website Languages |         |
Traders can contact customer support representatives by phone at their Cyprus and London headquarters, as well as to their Belgium office. Contact can also be made via email and live Chat. Banc De Binary is one of the few brokers that offer Skype support and this is certainly something that can be beneficial to traders with all levels of binary options trading.
Conclusion
All in all I found the Banc De Binary website a very pleasant experience. It is easy to navigate and tries to keep the trader as well informed as possible about what is happening in the binary options market. There are several accounts to choose from and the educational material is up-to-date and relevant.
Features
Most of the features and benefits offered at Banc De Binary are available to all traders. There are, however, some options that are offered in some locations and not others so it is worth checking the different sites before signing up for an account.
Trading Platform
Automated Trading | |
|---|---|
Guaranteed Stop Loss | |
Scalping | |
Hedging | |
OCO Orders | |
Interest on Margin |
Platforms
Banc De Binary uses its own proprietary trading platform.
The trading platform is extremely intuitive with clear tabs that move traders along smoothly so they can easily select any of the tradable assets such as currencies, commodities and indices and decide which available trading style is suitable for their trade.
Traders can select to choose from over 120 tradable assets in currencies, commodities, stocks and indices and there are several options to choose from including the 60 second option, Pairs, and One Touch options.
Banc De Binary's Trading Platform
The Banc De Binary mobile trading platform is available for Android and Apple phones. Since the goal of trading binary options is to make the act of trading quick and profitable, the capability to trade from anywhere any time is a significant advantage for those who watch the markets regularly. The company’s mobile trading platform is free and comes with charts built in so that traders can make an informed decision about their position. Traders can have the world and news at their fingertips and when the financial markets react immediately to global events, traders at Banc De Binary can do do too.
Banc De Binary's Mobile Trading App
The Banc De Binary’s mobile application is tailored for the 21st century investor. Traders can open trades the moment that events occur 24/7, and can follow the asset graph patterns and place repeated trades to maximize their profits, wherever they are.
All Banc De Binary customers can download the Banc De Binary mobile application to their devices absolutely free.
The EU-licensed binary options platform which can be downloaded for free, offers up to 500% returns on Forex, stocks, indices, commodities. World news and the reactions of financial markets to global news are sent out immediately upon their happening.