Banc De Binary broker review
Banc de Binary is a leader among all European companies that offer services in binary trading. It has many awards that characterize the company as reliable and trusted: “The broker of the year”, “The safest broker” and also awards that demonstrate company’s technical advantages: “Best platform of the year” etc. Numerous customer database counts hundreds of thousands of traders from more than a hundred countries which puts on a broker certain liabilities.
About Banc De Binary
Banc de Binary is a broker that is licensed by a Cypriot commission on securities (CySEC). This particular broker stood at the origins of binary options market formation in Europe. The company serves and operates more than quarter of a million investors and since 2014 it has begun working with clients from the former soviet republics and Russia. A huge selection of assets, CySEC control and regulation, high level of customer service – lets traders buy and sell in a confident manner, realizing that Banc de Binary is a reliable and serious broker.
Banc De Binary Advantages
+ CySEC license puts on a brokerage company strict standards for financial functioning;
+ the company has lots of awards as well as an international recognition and fame;
+ the safety of trades is guaranteed due to the certificate of safety called Ev-SSL (which is also used by the largest world banks);
+ despite the fact that Banc de Binary is a European broker, there is a separate Russian speaking customer support available;
+ availability of a demo-account that is offered to every single client without any exceptions. This account has virtual $50.000 which is used for getting experience and skills in options trading process;
+ comfortable platform that is clear, simple and effective makes the trading process profitable and efficient. Even novices don’t have any difficulties with the usage;
+ big variety of educational materials among which users can find books, articles, video-materials, webinars and many other interesting things;
Banc De Binary Disadvantages
– relatively time-consuming verification of client’s documents before the very beginning of a trading process is due to the fact that the Banc De Binary is controlled by CySEC. This is the reason why every client has to submit a copy of a passport, driver’s license etc – to confirm his/her identity. This procedure plays a very significant role in fighting with money laundry and frauds;
– there is no direct deposit of funds through such payment system as WebMoney on the site. But speaking with a manager, this opportunity can be received if transferring the money right on the WebMoney wallet with a submission of a screenshot;
Banc De Binary Trading
Binary options broker Banc De Binary gives its customers an opportunity to trade on 4 types of assets: currencies, commodities, indices and stocks. Summarizing all of them, it will make about 180 available assets. Therefore, as one can see, the selection of binary options assets is pretty wide and everyone will be capable of finding the most suitable in each category. You have a choice and right to chose from the widest range on Forex which is important due to one simple reason – it is the most liquid market and the pairs are quoted 24/7. Such currency pairs as EUR/UDS, EUR/GBP, USD/JPY are in a special demand. These currencies are quoted not only during working days but also at weekends and they even have a higher profitability than any other wide-spread assets. Speaking about binary options based on stocks, you have a possibility to select among famous large companies e.g Apple, Microsoft, IBM and others. Also, options based on popular indices: Dow Jones, S&P etc are available. If you prefer trading based on commodities then you will also need to look through the offered by the Banc De Binary assets as their choice is the biggest: silver, oil, gold, corn, sugar, coffee etc.
Apart from that, clients are offered a wide range of bonuses starting from a welcome bonus that can be as high as 100% and finishing with a VIP-bonus for active traders who make a big number of trades. The profitability ratio from every trade can reach as high as 91%.
Trading Platform Peculiarities
One of the main pros of the company is its comfortable platform for options trading. Basically, it is not different from any other platform which is represented on sites of other top-brokers. It is a modern financial instrument that helps to earn considerable sums of money at trader’s disposal.
Banc De Binary trading platform is integrated for 4 types of options: digital options pro, long-term, 60 second platform and pairs.
“Digital Options Pro”- are well-known and classic binary options with an expiration of 15 minutes;
“Long-Term” – supposes trades for a longer period of time;
“60 Second” – lets trading in short time intervals;
“Pairs” – suitable for experienced investors who have skills and experience in analyzing price movements for currencies, commodities or stocks relative to each other or one share against the other, e.g Google vs Facebook.
Mobile Platform Of Banc De Binary
Banc de Binary offers its clients a unique mobile version for buying and selling options. This mobile app lets owners of iPhones and Androids make trading operations with currencies, commodities, stocks and indices.
In today’s modern world, important events and news happen 24/7 and consequently financial markets react on them. In order to maximize the profit, traders are advised to react immediately and open positions as soon as some even minor even happened. With the help of a mobile platform, this process is now possible at any time and at any place, be it at work, vacation or any other place.
This free mobile application was developed remembering about investors’ aims and needs. The app is comfortable at usage. Despite the point that mobile trading platform is adapted for a touch screen, it is still saves it functions and features. You get a complete control over all your operations and have a chance to get profit from quotations that change every second.
The most important idea is that this service is absolutely free. All Banc de Binary clients can get this app, thus using one more available instrument for increasing the income. Now the future is literally in your hands!
Mobile Platform Advantages
+ the platform is developed especially for mobile usage;
+ immediate access to your account with the list of transactions and quick payments;
+ the application is free for all company’s clients;
+ an access in a regime 24/7 lets users trade at the time of the latest news on the market;
+ an opportunity to open positions with an immediate exercising;
+ all the charts and diagrams are in real time and therefore there simply cannot be old information and data;
+ despite being a mobile platform, it has all set of necessary functions similar to an original one;
Banc De Binary Account Types
The broker Banc de Binary gives its potential clients an opportunity to learn the platform without adding funds to an account. In such a way, it gives traders some time to decide whether it is comfortable for them or not. If the decision is positive – then there is a need to add funds to a real account in order to start trading. Depending on the level of experience and skills, several types of accounts are provided.
- Micro Silver account with a minimum deposit $250 is extremely suitable for beginners. Especially considering the fact that the minimum investment is only $1 – it is possible to successfully test multiple trading strategies. This kind of an account includes minimum set for learning traders, to be exact: an access to all instruments that are necessary for trading, personal manager that can be contacted on the phone, live chat or e-mail on the site;
- Standard Gold – includes a big number of bonuses with a minimum deposit of $5.000;
- Personal Account Manager Reserved Account (minimum $35.000)– for experienced investors. Its holders are offered services of individual manager, access to all trading signals and analysis;
- VIP deposit Lion Club ($50.000)– clients of this kind of an account have all bonuses of the above-mentioned accounts plus an additional access to market liquidity.
Opening of an Account With Banc De Binary
The moment of adding funds is a pretty time-consuming because as it was mentioned above, this broker is controlled and regulated by the European Union which is why the process of verification is a little bit more complicated. After the documents are confirmed, adding funds can be done thanks to any available system: credit cards, wire transfer and electronic payments.
Withdrawals are possible only when the documents are confirmed and the request is sent. For this, a trader should fill a particular form stating how much money he/she would like to withdraw etc. A letter of confirmation will come to an e-mail.
Banc De Binary Withdrawals and Deposits
There are no problems with Banc de Binary payment and withdrawal methods. There are many ways that let add a deposit as well as withdraw the money. They are the following:
– bank card of an international standards;
– money transfer;
– electronic payments: WebMoney, QIWI and others;
One of the Banc De Binary main distinctions from any other broker is the educational process offered by the company. The main principle of this particular brokerage company is that education is a very important aspect in relations with traders.
An access to educational materials that include books, video-lessons, seminar notes, blogs and live webinars let clients get to know binary options strategies without risking of losing the deposit. Besides that, customers are offered a daily analysis of the market and financial statistics news. At an opening phase, managers will eagerly give you useful advices based on a team’s experience that consists of financial analysts.
Banc De Binary Demo Account
Educational process is very important for every single trader and Banc de Binary does its best to provide all resources and materials for that. One of them is availability of a demo-account. This account is interesting from the point that is absolutely free and is available right after the registration on the broker’s site. Having said that, the account is fully and 100% functional which lets working in a full capacity.
Customer Support Service Of Banc De Binary
As it was mentioned above, Banc De Binary has many awards for a high-quality technical customer support as well as awards for excellent binary options trading. All this is due to the concerted efforts of specialists, who can be contacted 24 hours a day. Taking into account an actively growing client database, the service is still at its highest level and differs thanks to an individual approach to each and every client when solving his/her problems.
The only minor con that can be mentioned in this section is related to a Russian speaking service. Considering the fact that the broker entered a Russian speaking market not so long ago, its customer service works a little bit slow. There might be some delays in terms of answers yet they are always informative, detailed and at the highest level. From the other side, this minus is even for the best because there will not be dozens of calls from managers trying to persuade you to change the deposit etc.
Summarizing all the above-mentioned data and information, one can make the following conclusion: Banc de Binary is a reliable and trusted broker for options trading due to its successful and stable long-term work. The presence of a CySEC license guarantees your protection and 100% money withdrawals. Modern platform, high-quality technical customer support, wide range of educational materials makes the life of a trader much easier.
We do highly recommend this broker for traders of all levels starting from inexperienced beginners and finishing with advanced professional investors. Its minimum deposit and minimum investment lets clients realize and test strategies without breaking money management rules. All in all, give this brokerage company a chance, test it and you will never regret.
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