If you are serious about your binary options trading and would like to sidestep the risks of getting involved with a potentially unscrupulous broker, Banc de Binary is one of the best options you can use. In addition to being one of the oldest binary options brokers in the world, Banc de Binary is also one of the most awarded for its relentless dedication to excellence.
This binary options broker is fully regulated, and the high quality of its services is something of a standard in the industry. Here is a look at Banc de Binary, what it offers, and why you should consider signing up with this broker.
Platform and Software
Banc de Binary’s platform is one of the best in the industry. Rather than focus on a pompous trading platform, the broker chose elegance and efficiency. In general, the platform allows traders to execute trades without delays, thanks to an easy outlay of information and fast execution speeds.
Furthermore, even though the platform is not cluttered with information, it offers everything you need to do your trading. Trading features are also quite abundant on Banc de Binary’s platform. They include interactive icons and links for an even easier use experience as well as technical indicators like candlesticks.
Binary Options Available
Digital Options – With these options, you have the liberty to choose the asset and the expiry period. The options are offered every 10 minutes.
Long Term Options – For traders who like to predict asset prices a lot further into the future, Banc de Binary offers long term options. This way, you can do comprehensive analysis on the asset before placing your trades.
60-Second Options – These options are available for lovers of short term trading. So, if you like the rush of making short term predictions on price movements, you will have a chance to indulge your desires with this broker.
Pairs – This innovative binary trading option involves pitching the performance of an asset against another, just like in forex trading. With this option, you can determine which asset will perform better than another over a given time period and get rewarded for it.
Assets On Offer
Banc de Binary offers trading based on several kinds of assets. They are commodities, currencies, indices, and even stocks.
The currencies are AUD/CAD, USD/ZAR, AUD/CHF, GBP/JPY, AUD/JPY, NZD/USD, AUD/NZD, USD/CAD, AUD/USD, CAD/JPY, USD/CHF, EUR/AUD, USD/TRY, EUR/CAD, USD/SGD, EUR/GBP, USD/MXN, EUR/JPY, USD/RUB, EUR/USD, USD/JPY, GBP/CAD, NZD/JPY, GBP/CHF, and GBP/USD.
The commodities are coffee, corn, gold, oil, platinum, silver, sugar, and wheat.
The indices offered by the broker are ASX, BOMBAY SE, DAX FUTURE, DOW, DUBAI, FRANCE 40, FTSE 100, HANG SENG, IBEX, JAKARTA SE, KOSPI, NASDAQ, NIFTY, NIKKEI 225, PSI 20, SHANGHAI COMPOSITE, S & P 500, STRAITS TIMES, TEL AVIV 25, TZA-SHORT X3, and VIX among a couple of dozen others.
The stocks offered include 3M, AMAZON, APPLE, BANK OF AMERICA, BESTV NEW MEDIA, BHP BILLITON, BNP BANK, BRITISH AMERICAN TOBACCO, CHINA PACIFIC INSURANCE, COCA COLA, DANONE SA, DISNEY, FACEBOOK, GENERAL ELECTRIC, GROUPON, IBM, JP MORGAN CHASE, LEUMI, MACDONALD’S, MICROSOFT, NATIONAL AUSTRALIAN BANK and several others.
Payouts and Commission
Obviously, the payouts being offered by this broker depend on the type of option. The payouts range from about 65% to around 90%. The 60-second options generally have the lower payouts. The company does not charge commissions on the trades.
Minimum and Maximum Investments
The minimum you can invest in a binary options contract with this broker is a dollar. This is one of the best rates you can find in the industry, and if you are just starting out, you will have plenty of opportunities to get a feel of what binary options trading is like without the need to take big risks. You can also invest as much as $6,000 in a contract in one go.
Bonuses and Promotions
The broker offers bonuses of up to 100%, but they typically depend on the amount of money being deposited into the account. So, if the bonus is a big deal for you, you should check and see just how much you need to deposit into your account to get a deposit bonus you feel good about.
Deposits and Withdrawals
Deposits into a Banc de Binary account can be made using bank transfers, credit cards, as well as SafeCharge. A minimum deposit of $250 is required to open an account. Deposits can be made using dollars, euros and even British pounds. Subsequent deposits also have to meet the 250-dollar threshold.
You can withdraw all the money in your account. Furthermore, the broker will not charge you any withdrawal fees. Many brokers charge a withdrawal fee, so the fact that Banc de Binary does not is quite commendable.
Customer Support and Contact
Banc de Binary takes customer support seriously. You can contact support directly through chat, ask a question directly, or even contact Lion Management. The company also has regional phone numbers for more than 30 countries, with some countries having a couple of numbers.
You could also fill out an email contact form; and they respond pretty fast to emails. So, there are plenty of options to get in touch with support. The site itself is multilingual, supporting seven different languages.
Regulation and License
Banc de Binary is a legitimate trading company regulated by CySEC with a license number 188/13. Additionally, it tries to ensure that it only offers trading where its license is recognized, and this is mostly in the European region although other countries around the world can also trade binary options using this broker. The company does not allow traders from the U.S.
If this Banc de Binary review proves anything, it is that this is a company you can truly trust. The company literally offers every form of binary options trading you can think of, and in a very sleek easy to use interface.
Other benefits of this broker include a large selection of assets, bonuses, great customer support, sound regulation, and high payouts. Therefore, you should not have to hesitate while registering with Banc de Binary, it is just as good as described.