Headquartered in Cyprus, Banc De Binary is probably regarded as one of the leading binary options brokers. It has a truly global presence with international operations stretching across Europe, the Middle East and Asia.
The company focuses heavily on the retail market and due to this has developed a number of innovative features on its platform.
With a good selection of binary contracts offered across a wide asset base, this is a comprehensive solution for the trader. Consequently is has won a number of industry awards for its brokerage and customer services.
Name: Banc de Binary
Telephone: Toll Free +1 (800) 656 6163, International +1 (212) 710 5905
Trading Platform: SpotOption Platform
Demo Account: Yes
Minimum opening deposit: 250 USD
Minimum Trade Amount: $1
Profitability/ Rebate: 70-81% / 0-5%
Account Holding Deposit: USD, EUR, GBP, CNY
Deposit Options: Credit/Debit Card, Bank Wire, Skrill (Moneybookers)
Accepts US Traders: No
As you would expect from one of the biggest names in the business, Banc de Binary offers an excellent set of features for the trader. The solution is based upon the popular and well regarded SpotOption trading engine.
Two distinct trading platforms are offered. Digital Option Pro provides a platform which will be familiar to many traders. It offers the opportunity to earn high payouts of up to 81% from Call and Put option contracts and also a range of Touch and Boundary contracts.
Binary META is a newer addition to the line-up. Among its additional features are access to an advanced charting package and historical analysis. These are useful for tracking your open positions against live market prices.
Both platforms feature a large range of assets which can be traded on a wide range of different time-frames. Included are almost all major world indices, Forex pairs, commodities and a huge range of global stocks. In fact Banc de Binary has probably one of the largest range of assets currently available.
Options Types Offered
- High/ Low – A good range of Higher/ Lower (Call/Put) options are available for trading. Furthermore these can be placed on a wide range of assets. In addition payouts for ‘in the money’ contracts are at the top end available.
- One Touch – A range of One Touch options contracts. You can profit from these by specifying a price that you think will be hit before expiry.
- Option Builder – This recently added feature allows you to build your own trades, therefore you can customise you contract to match your analysis.
- 60 second options – The chance to earn high payouts from short term 60 second higher and lower contracts.
In addition to the web based trading platforms traders can also trade via a dedicated mobile app. This is called iTrader. Since this provides account management and trading features, traders can both track their accounts and trade on the move.
The Banc de Binary app is available for both iPhone and Android users which covers almost all popular devices. The apps can be freely downloaded from their respective online App stores.
The Banc de Binary minimum deposit requirement varies and is dependent upon the account type you want to open.
A variety of different account types are offered seemingly catering for the requirements of traders of all different abilities and levels. Traders can open either a Micro Silver Account ($500-$2500), Standard Gold Account ($2,500-$5000) or Personal Broker Reserved Account ($5,001-$50,000).
While each offers access to the same quality trading platform, each level offers slightly different benefits. For example, the high end VIP Lions Club Account ($50,000+) offers access to personal analysts, a concierge service and a dedicated Debit card to withdraw your funds.
The minimum deposit requirement for opening an account is just $250. This is the same as most other major brokers.
A wide range of deposit options are on offer so it is easy for a trader to fund an account and get started. In addition to Credit/Debit Cards (Visa, MasterCard, American Express) you can also use bank wire transfer as a funding source. A range of third party payment processors are available for traders to fund their accounts. The most noteworthy of these are Skrill and AlertPay.
Withdrawals requests will first of all see money credited back to the source. Additional money can withdrawn via wire transfer to your bank account or a registered card.
All withdrawals are subject to industry standard processing times for the method used. Typically the broker will process credit/debit card withdrawals in 2 working days and Bank Wire withdrawals in up to 5 working days.
There are a good range of support routes open to trading clients, therefore making contact with the broke is easy. Contact methods include online chat, telephone, Skype and email. Furthermore you can choose to arrange a telephone callback from a support member at a time convenient to yourself.
Banc de Binary service extends around the clock, so it is possible to contact client support twenty-four hours a day. The dedicated global support team are on hand to answer and deal with any account queries or issues you may encounter.
Traders using this broker are rewarded with the Banc de Binary deposit bonus at the point of making their first deposit. The level of bonus ranges from 50-100% of your first deposit amount. This maybe one of the most generous that you will find in the industry.
The bonuses provides additional funds for clients to trade with and therefore the potential to earn bigger rewards. Furthermore, existing traders also receive the periodic bonus offers. As always check out the latest promotions and conditions with the broker when registering your account.
ASX, BOMNBAY SE, BOVESPA-F, CAC, DAX, DOW, DUBAI, FTSE 100, HANG SANG, IBEX, MIEX10, NASDAQ, NASDAQ Futures, NIKKEI 225, S&P500, SSE180, STRAITS TIMES, Tadawul, Tel Aviv 25, Topix
AUD/USD, EUR/GBP, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/SGD, USD/TRY. USD/ZAR
Crude Oil, Gold, Silver, Platinum, Wheat, Corn, Coffee
Amazon, Apple, BIDU, BNP Paribas, BP, BAT, Coca Cola, Danone SA, Goldman Sachs, Google, HSBC Holdings, IBM, Leumi, Petrobas, S.Bank India, Sberbank, Tata Motors, Teva.TA, Total, Toyota, Unilever, Vivendi SA, Deutche Telecom, Louis Vuitton, Publicis Groupe, SAB Miller, Tesco, Vodafone, UBS, Rio Tinto, AIG, Citi Group, Disney, JP Morgan Chase, Pfizer
Banc De Binary Review Verdict
- A wide range of contracts and high returns make for a rather comprehensive package
- Excellent levels of multi-language support and good response from the broker
- A choice of trading platforms including Option Pro, META and iTrader (mobile).
- None in particular though probably the high deposit bonus conditions won’t suit all traders.