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Banc de Binary has shut down their operations.
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Every once in a while when we do a review we come across a binary options broker or best forex brokers that ‘really catches our eye’ with the way they run their website; Banc de Binary is definitely in that category. It is without a doubt one of the best binary options website that we have taken a look at. We found an incredible amount of positive things about the site when our experienced and thorough review team tried out the website.
Banc de Binary, which was established in 2009, is as a World Finance listed and multi-award winning company that has long been known as one of the leaders in the binary options trading market. They are the world’s first regulated broker and have customers in over 80 countries worldwide and are known as one of the most trustworthy binary options brokers. A reputation like that is not gained easily when there are so many binary options trading choices out there, but our review team’s findings when they looked at the site seemed only to confirm Banc de Binary’s outstanding reputation.
Online since: 2009
– Very good deposit bonus
– No customers from USA accepted
7 Binary Options Rating:
The key features with Banc de Binary are really too many to mention. We could actually do a whole article on key features alone, but rest assured we will at least cover them all briefly in this review. With that being said, let’s take a look at why there are so many key features that make this website one of the best and most popular to trade on.
One of the biggest key features that Banc de Binary brings to the table is experience; since its first use in 2009, the website has constantly improved and adapted to help make their many investors trading experiences a good one. The site features an abundance of learning tools and has a trading platform that any investor should immediately feel comfortable with. They have a knack for listening to what those that trade on their site say and then reshaping the website to meet their traders’ demands and incorporate in the most popular suggestions.
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Don’t have enough time to trade or want to trade anytime and anywhere? Banc de Binary can help there too with their versatile mobile app. With the app trading is no longer restricted to only when an investor is sitting in front of their computer. The app can be easily downloaded on most mobile devices and tablets for the ultimate on the go trading experience. It is a nice way for Banc de Binary to help their many happy traders keep track and place trades anywhere they may go. Banc de Binary is also one of the used brokers in Binary Option Robot automated trading software and binary options signals.
Trading at Banc de Binary
The number of assets available at Banc de Binary is one of its biggest selling points. At around 190, it offers more assets to place trades on than almost all other binary options trading platforms. These assets include stocks, indices, commodities, and currency pairs.
The stocks available include some of the biggest and most well-known companies and brands in the world. You can choose from about 100 stocks. This is in addition to the 30 currency pairs that are available. Some of the popular options among traders are EUR/USD, JPY/NZD, and GBP/CAD.
There are about 30 indices to choose from. The list includes familiar names like the NASDAQ, S&P Futures, IBEX, and Nikkei 225. If you want to trade on commodities, you can select from popular choices like gold or silver. You can also select Brent crude oil (which is unusual for a binary options trading platform – most don’t offer Brent crude oil), coffee, corn, sugar, or wheat.
If an investor is looking for some ‘free money’ to use in their trading then Banc de Binary will certainly not disappoint anyone here too. When looking at the site we found that Banc de Binary had some very generous bonuses to offer to say the least. Some sites we have reviewed in the past had either no bonuses or maybe one; Banc de Binary boats at least three nice bonuses that we came across when we were reviewing the site.
It all starts with the very high sign up bonus that traders get when they join this broker’s website. They are some of the highest bonuses of any site that we have reviewed. Sign up bonuses can go as high as 100% depending on the amount of the client’s initial deposit. So before an investor has even made one trade they will have doubled their money in some cases. Now that is what we call a real bonus.
The bonuses don’t end with the sign up bonus either. If a trader knows someone who is looking for a good binary options website to trade on, then they have an opportunity to make some money there too. Banc de Binary gives out referral bonuses to any of their clients who refer another trader to the website. Once again it creates an opportunity for the investor to earn some more ‘free money’ to trade with.
There are other types of bonuses that Banc de Binary offers too. The trader will have an opportunity to earn special event bonuses too. These may be unscheduled or unannounced and the amount and frequency of these bonuses is totally up to Banc de Binary.
These bonuses do come with a set of rules and stipulations; it is not just as easy obviously as an investor depositing their money, getting a sign up bonus and then withdrawing their money. In order to protect themselves Banc de Binary requires that a certain dollar amount be traded before any bonus money can be withdrawn.
Maximum Profit (payout)
When using the site we were pleasantly surprised at the return on investment that winning trades offered; it is a sure sign of a websites integrity when they offer what is considered more than the usual fair payout. On many of our profitable binary options trades we found that the return on investment was often in the 60% – 91% range, which are very good returns for any binary options website.
There are also minimum and maximum investments that are mandated by Banc de Binary, but these have a very wide range that should satisfy the most conservative traders and the big spending traders alike. The minimum investment is a low $1, which was as little as we have seen on any of our reviews. For those that are not afraid to risk some big money the maximum investment is $6000.
Types of accounts
There are several different account levels on Banc de Binary; as with many other binary option websites the account level that is assigned to an investor depends on the amount of that investor’s initial deposit. Each subsequent account level also comes with some benefits that the lower account levels do not have, so it is always best for an investor to deposit as much as they can initially to ensure they are getting the most features that an online broker offers. Extra features include such things as learning tools, faster withdrawal times and an increased number of assets available to trade.
Here is an overview of the various account levels we found on Banc de Binary as we toured the website:
The Micro Silver
The most basic trading account is the Micro Silver account. For this level account the initial deposit amount can be as little as $250 or as much as $5000. This account level is really recommended for beginning traders. It is also the account of choice if you just want to deposit a little at first to see if you like trading on Banc de Binary.
The Standard Gold
The Standard Gold account requires an initial deposit ranging from $5001 to $35,000. It’s a good account for intermediate level traders who are confident in their trading skills and have a basic familiarity with the world of finance.
The Personal Management
The next highest level account is the Personal Management account. To attain this level account an investor must make an initial deposit in the range of $35,001 to $50,000. This account type is intended for traders who are very serious and experienced about their binary options trading.
The Premium account
The Banc de Binary Premium account is the highest level of account on the site. It has an initial deposit requirement of over $50,000. It is an elite account that is best suited for those investors who consider themselves full-time professional traders.
The Islamic Trading account
Banc de Binary also offers Islamic Trading accounts. These accounts are specifically tailored to suit the needs of customers of the Islamic faith. They are interest-free accounts which take into account Hibah and its importance to that faith.
Banc de Binary has an excellent array of assets with lots of alternatives for trades at different levels. Included are commodities (including sugar, coffee, corn, gold and others) and currency pairs (EUR/USC, USD/GBP and more), as well as stocks like BAT, Apple and Coca-Cola, along with indices such as the NIKKEI 225, FTSE 100 and NASDAQ. In fact, Banc de Binary offers an impressive asset list, more than 200 different assets, tradable in nearly three dozen countries.
Types of Options and Expiry Times
Banc de Binary uses the popular SpotOption platform, so it has options available for almost every trading style and strategy. This includes everything from regular options to pairs as well as both long-term and short-term options. Whether you like quick, high-energy profits or prefer a slow build for long term gain, you will find what you need.
The expiry times vary greatly as well—from very short options from 30 to 60 seconds in some situations— so there is plenty of choice. You can also trade on options that remain open for the rest of the day plus those that carry forward by days, weeks, or even months.
This varied selection of options and expiry times makes it easier to create a broad strategy that includes both high-risk / high reward trades and low risk / low reward trades. This is the best way to achieve a diversified portfolio.
One negative is that Banc de Binary doesn’t offer one touch options or ladder options. If you are looking for these types of options specifically, you will have to find another platform. For most traders, the offerings at Banc de Binary will be more than sufficient.
The Banc de Binary Mobile App
Banc de Binary’s mobile app is available through the Google Play store for Android devices and the App Store for Apple devices. It is one of the best apps in the binary options trading industry, plus it is easy to use. The interface is intuitive, and it performs all the main functions of the desktop application.
It only takes a few minutes to setup, and you can use it from anywhere that you have an Internet connection. This means you can trade while away from your computer! However, you will need an account, as you need to enter your username and password before you can start using it.
Banc de Binary Economic Calendar
One of the unique and truly useful features that Banc de Binary offers is an economic calendar. It is helpful because events that happen around the world – from announcements by companies to statistical releases by governments – can and do affect the market. With Banc de Binary’s economic calendar, you can easily see what is coming up as well as a forecast of how experts in the industry believe it will affect the market. With this information, you can adjust your strategy to ensure you maximise your returns and minimise your level of risk. The calendar is easy to use, so you will find yourself referring to it on a daily basis.
Is Banc de Binary a Scam Broker or Is It Legitimate?
As Banc de Binary is licensed and regulated by CySEC, you can be sure it is not a scam. Scam binary options brokers have no chance of making it through CySEC’s vetting procedures.
Banc de Binary also offers additional peace of mind to new customers, including the professionalism of its operation and the customer support that is available.
The more you use binary options trading platforms, the more you will recognise common scam signals. You will find none of those at Banc de Binary. You will, however, find the following positive points:
One of the main reasons that Banc de Binary doesn’t have many negative reviews or comments is the level of customer support it offers. When you encounter a problem, its customer service team is responsive, sympathetic, and professional. Most queries or concerns are resolved quickly. Scam brokers don’t offer this level of support.
The Lion Academy
The Lion Academy is the place Banc de Binary stores all its guides and help articles. If you are new to the platform, it is the best place to start. In fact, there is so much information it is worthwhile to join Banc de Binary just to get access, even if you have no intention of ever using it to trade binary options.
Privacy and Security
Banc de Binary conforms completely with all industry standards and protocols to protect your privacy and personal information. This includes operating with an EV SSL certificate. It complies with PCI standards when processing data, and it has a partnership with MaxMind to help it verify deposits and prevent fraud.
Banc de Binary uses the ever popular SpotOption trading platform. This platform is well known for being simple to get acclimated and being very easy for even beginner traders to use. It has a simple layout that can be customized somewhat to accommodate individual traders personal preferences.
A trader can easily navigate through the site by taking advantage of the simple menus it has and by easily pointing and clicking on the choices the menus offer. We found the trading platform to be extremely well laid out, informational and easy to read and understand. It is very well designed, to say the least.
Banc de Binary Minimum Deposit
At $250, the minimum deposit requirement at Banc de Binary is higher than most binary options trading platforms. Compare this to an alternative, like IQ Option where the minimum deposit is just $10. The main reason Banc de Binary has such a high minimum deposit is that it offers a large bonus on that first deposit of 100 percent. This means they will turn your first deposit of $250 into $500 by adding another $250 to it. They could not offer such a generous offer on the first deposit if it was possible to deposit a lower amount.
Demo Account Facility
Banc de Binary offers a fully functional demo account to all new traders. This gives you the opportunity to try out the platform and learn how to use all the features and functions. If you are new to binary options, you can also use the demo account to learn about this form of trading. You can use it to test out strategies too and to work out how you want to proceed. While you are doing this, you will use virtual money so none of your own money is at risk.
Once you are confident with how binary options trading works, and once you know how to use the Banc de Binary platform, you can switch to a full account. This requires a deposit, so your money is at risk, but you can also start generating wins and profits.
There are a variety of options available when it comes to placing trades on Banc de Binary. A trader can select from high/low options, one touch options, option builders, Meta chart options and the potentially very profitable but somewhat more complicated ladder options.
The options listed on Banc de Binary can also be traded on several different expiration times such as 60 seconds, 15 minutes, 30 minutes, 1 hour and 24 hours.
Assets that can be traded can be selected from currencies, stocks, indices and commodities.
We found a really nice variety of the types of trades an investor can place on Banc de Binary.
There are a variety of learning tools that Banc de Binary offers its clients too. The best of these is the free demo account that is offered to its account holders. Demo accounts are great for learning a trading platform without risking any real money.
The learning tools they provide are not limited to the demo account by any means. A trader on Banc de Binary will have access to a basic introduction course on binary options trading, several trading videos that feature their financial experts discussing binary options trading points, a very comprehensive and informative e-book on the subject of binary options trading and access to many written articles that cover all aspects of binary options trading and analysis.
When we reviewed the site we found that the free platform walkthrough that they offered was instrumental in getting us acclimated to the trading platform quickly and easily. When that walkthrough was followed by use of the demo mode we found ourselves quickly trading on the regular platform problem free in virtually no time.
Strategies and Help
Banc de Binary is one of the best binary options trading platforms for beginners because of the range of educational materials that it offers. If you are new to binary options trading, there is plenty to get you started. In fact, you will find about 100 different articles and guides that will teach you how the market works and explain different trading strategies and give you tips on how to succeed.
You can read articles that explain the difference between a bear market and a bull market. Other articles teach you about risks, while others guide you through the assets that are available. You will also find information on how to protect yourself, such as guides on choosing the right broker and tips on how to stay away from unregulated brokers.
Each asset type – stocks, currency pairs, indices, and commodities – is covered in various sections, plus there is live market information that will show you what is currently trending, what is hot, and what is not.
Banking is another thing that is really uncomplicated on Banc de Binary. There are several currencies that can be used for making deposits and withdrawals such as the US Dollar, the British Pound and the Japanese yen.
Banc de Binary also excepts several payment forms that an investor can use to make deposits and withdrawals. They accept such deposit and withdrawal sources as Visa, MasterCard, Amex, Skrill Moneybookers, iDeal, Diners Club, Maestro, Cartebleue and bank wire transfers.
The minimum withdrawal is $50 and the fast withdrawal time of around 2 days really impressed us.
Customer service on Banc de Binary was found to be very responsive and thorough. The best ways to conduct customer service contact with Banc de Binary are through live chat or e-mail. Their customer service representatives can handle inquiries in several different languages such as English, Spanish, French, German, Italian, Dutch, Japanese, Arabic, and Portuguese.
One of the biggest drawbacks of Banc de Binary is it is not available to traders in the US market. There was also a slight lack of visible phone support as a customer service option, but then again, the excellent live chat and quick e-mail response time more than made up for this.
What can we as the reviewers say about the site overall? Let’s just say that when we talked amongst ourselves about Banc de Binary there was one word that was heard when describing the site more than others and that word was ‘impressive’. We found very little wrong with the site
In short, we give Banc de Binary an enthusiastic two thumbs up for the way they run and put their website together and we would highly recommend the site to any trader that is looking for an overall ‘great’ trading experience. It is really that good of a binary options trading site. It is definitely a site that warrants serious consideration for use from any trader that is looking for a new place to trade binary options or just not satisfied with the site they currently trade on.
Customer Service: Live Chat / Email: [email protected]
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Banc De Binary Launches a Competition to Find UK’s Best Binary Options Trader
Banc De Binary continues active promotional work and announces that the broker is organizing a competition for the Best Binary
One of the biggest binary options brokerages, Banc De Binary, continues with their active promotional work and announced last month that they will be organizing a competition to find the Best Binary Options Trader in the United Kingdom. It’s active from the 1st to the 31st of October and the winner will be decided upon depending on the number of trades placed during the month, the average trade size and the success rate which the client has.
The winner of the UK’s Best Binary Options Trader contest will be rewarded with a VIP weekend for two in London. The glamorous treatment will begin at the airport where a driver from Ritz-Carlton will pick up the lucky guests in a Rolls-Royce Phantom, continuing with a lavish dinner in the hotel’s restaurant. The trip will be supplemented with a £2,500 gift card for Harrods, a luxury goods department store.
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The Best Binary Options Trader in the UK competition registration is free for UK broker clients and includes possible bonuses up to 125% for the duration of the contest.
Banc de Binary is aiming to increase awareness of the investment opportunities which the vibrant binary options market presents to those who sign up for this still relatively new and simple way of trading.
Banc de Binary vs 24option
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
Between 74-89 % of retail investor accounts lose money when trading CFDs
Banc de Binary vs 24option: The Better Choice
Taking steps to improve financial conditions is an integral component of the human psyche in the 21 st century. Gone are the times when people were able to bring up a large family with a small income. After having performed a detailed survey over the internet and in the trading world, we have created a comparison between Banc De Binary and 24option. Using this analysis, it will be easier to decide for the best online broker in the market.
In terms of the regulation, BDB is the one in the lead. There are complaints against the standards and the payout rates offered by 24option, but the same is not the case with Banc De Binary. It is noticed that both of them are recognized as being the best in specific countries. For example, in the UK, 24option is now considered to be the best online broker. On the other hand, in terms of the global popularity, BDB is the one which to go for.
Bonuses and Rewards
These regulated brokers, due to CySEC’s decision, no longer provide binary options bonuses!
Offering traders with a number of unique rewards and bonuses has been a custom for Banc De Binary. The amounts which are offered in terms of the bonuses vary according to the initial deposits one is willing to make. In order to avail the maximum bonus, think about depositing an amount that is more than $ 2500, as in this way, the account will have twice the money.
SpotOption is the platform which is being used by BDB. It is one of the easiest web based platforms that the traders can use without having to perform any download. The design is also marked for the inclusion of a number of algorithmic monitoring and trading options. On the other hand, 24option makes use of the TechFinancial Platform, which is better suited for the home based computing.
In terms of the demo trading accounts and customer support, BDB again happens to be the one in the lead. Keeping in view the above-mentioned features and options, BDB is a rational choice for all traders.
Banc De Binary vs. Traderush
Creating a comparison between Banc De Binary and TradeRush is of great importance for the newbie traders. Both of them do happen to have a number of common features and similarities. In this analysis, both will be compared side to side. The review is also going to help in finalizing the decision about which between these two is the better.
The trading platforms for BDB and TradeRush have been provided by SpotOption, which is under the regulation of CySec. Banc De Binary uses the same platform. Nevertheless, BDB is the one which has the competitive edge in terms of the stock options, commodities, and bonuses.
The Assets and Times of Expiry
Once again, both go side by side in terms of expiry times. However, BDB again proves to be the better choice in this regard, keeping in view the unique assets and high payout options it offers to the traders. At the same time, TradeRush is marked for providing some unique stock options. In terms of the expiry times, BDB again takes the lead as it offers options with a lot of varieties in terms of expiry.
The Payout Rates
The return rates offered by BDB are really higher in some of the platforms, but for TradeRush, a constant rate is offered most of the times.
The Customer Service
Although both of them have excellent customer support, there are still some downfalls which need to be considered. The user will be offered with a better and superior customer support, but might have to experience some delays in the on-peak times. Banc De binary wins this one.
The Withdrawals and Deposits
Both of the brokers offer depositing and withdrawal by Skrill, Wire Transfer as well as through the Debit/Credit Card options. In terms of the withdrawal process, it takes about 2 to 5 days if you use BDB Broker services. The withdrawal time offered by BDB is faster than the industry standard.
Understanding Banc De Binary Options Trading
BDB believes in creating a number of golden opportunities for all of its traders and clients. For this reason, the experts and professionals of BDB will be there for traders at all times no matter what. For those who want to learn and understand the online trading world, there is no other broker in the market that can match the worth of BDB. Just by conducting some research on the web it is easy to notice there is an endless number of traders who are using the broker services of the company.
Like all other online brokers, the trading platform which is being offered by this broker is purely web based. The traders are also able to access the platform using their smartphone and all other android devices.
In terms of the payout, it is astonishing to know that the company does not prefer to earn by incorporating the spreads between the put and call options. It means that the traders will be able to a specific amount or payout if everything goes as planned. Moreover, traders are also informed about the risk upfront most of the times, which is another appealing feature of the BDB Broker Services.
Banc De Binary Trading Platform
Banc De Binary trading platform, which is designed by SpotOption, is purely web based with a number of useful features and options. The platform has been designed to offer the traders, whether experienced or beginners, with a low risk and a relatively easier environment for online trading. Although the sub-platforms are easy to use, all of them are still powerful and efficient enough to equip the user with a number of unique money management options and features.
Moreover, all of them offer a fast and an agile access to the forex trading, stock and commodity markets. In other words, it means that the service or platform is never going to be down no matter what time of the day it might be. As the trading sessions are planned and executed at different times of the day, BDB is always committed to offering the traders with seamless and uninterrupted services. Here are some details about the various trading platforms offered by BDB.
The Digital Option Pro
Using the down drop menu, the trader will be able to opt for any of the available assets and options. The expiry times of these assets vary depending upon the specific asset selected. All trader needs to do is determine or guess whether the option is going to end at a higher or lower rate than present.
The Option Builder
It is best suited for all those who wish to customize the trade according to their own styles. The method, which happens to be new, is slowly growing more and more popular among the traders from all over the world. The soaring levels of flexibility and the superior trading options are some of the factors due to which this platform is covering higher grounds in the online trading arena.
The One Touch
This platform is marked for the highest level of payout among all others. The trader will get a payout ranging as high as 500% if the value of a particular asset ends up at a set limit or figure.
The 60 seconds options and the BinaryMeta are some other binary options types Banc De Binary offers, so it is best that use the one which is in accordance to your trading style and needs.
BBinary offers an interest rate of 2.5% to their customers who deposit a minimum amount of $50,000. In addition to earning an interest, customers also enjoy the benefits of an experienced personal Wall Street broker to provide them with assistance. The Wall Street broker offers advice and teaches strategies in binary options designed to make the trader much more successful.
After making a deposit on the BBinary binary trading platform, a demo account becomes eligible. A demo account provides 50,000 in virtual cash that enables the trader to familiarize with binary options trading before becoming confident enough to risk real money. As long deposit bonus is not accepted, one can withdraw deposit at any time they choose.
BBinary uses the impeccable Spot Option platform that is extremely easy for traders to use. Within minutes, traders are able to understand how to buy binary options of their preference, within preferred markets. In addition to the common types of binary options including the touch-no touch and the high-low options, BBinary also offers Option Builder, which allows the easy customization of trades. Once the trader has grasped the fundamentals of binary options trading and related market analysis, Option Builder will allow an effective setting of very own risk level and exact time of expiry.
In case of judgment that Gold will go down in 3 hours, simply set time of expiration to 3 hours and then click on PUT. The Option Builder will enable the trader with deciding decision on how much they wish to risk in a single trade. They may opt for a profit level of 65% and insurance of 20% as a good way of protecting bankroll.
Banc De Binary App
When it comes to the binary trading options, then the BBinary app happens to be in the lead. Binary options trading have been around the world for quite some time now. In the past few years, more and more people have started to try out their luck in the domain of forex trading, but it is to be noted here that this form of trading is not something which is best suited for everyone. In other words, newbies in binary options trading might have to face some initial losses due to lack of experience.
At the same time, having an assistance of a pro-broker who knows all the ins and outs of the trading world gives a head start. For all those who are looking for an easy access to the binary options, downloading the BDB app will indeed be a rational choice. The app is now available in more than 80 countries. After having downloaded the app, the trader must undergo a simple account opening process which takes only a few minutes.
It means that trading can start in no time. Moreover, the trader will also need to be a customer of the BDB. Register for an account on the official website of the BDB. For assistance, there are several account managers and professionals who will guide new users across the entire process.
There is also a 100 % sign up bonus for those who make a deposit ranging from $ 2501 to $ 50,000. There is no need to worry about any scams or foul play, as this institution has all the legal certification and documentation which the scammers never have. That’s not all, as download the Banc De Binary App from the Apple and Google stores is available.
BBinary is the short version of the Banc De Binary name. Traders get the opportunity for trading with a World Finance 100 company, as well as benefit from their innovative and secure binary options software. BBinary is very easy to understand and boasts a profit potential that is higher than competing forex or stock trading sites.
Traders who sign up at BBinary become automatically eligible for the $50.000 demo account, as well as a free trading eBook. In addition, traders get to receive a personal call from one of the financial experts at BBinary who will show them exactly how to utilize their up or down trading system for maximizing their profits. Traders in 100 countries around the world are passionate about trading on BBinary due to its attractive features such as:
Trading binary options on BBinary is perhaps one of the simplest and most profitable means of trading the financial markets. BBinary allows traders to make money simply by following current news and events such as how the price of oil is impacted by concerns regarding limited supply; or how demand for the newest iPhone impacts the value of Apple stock. The up and down characteristic of such trading means that traders on BBinary are able to solely focus on predicting the direction of the asset without any complications.
It is easy to begin trading on BBinary. Simply choose an asset then select the amount and timeframe and click up or down. Within no time, the trader should be able to win back the amount of investment, in addition to approximately 80% for each winning trade.
For those who are after the highest possible returns, along with the most professional online trading experience, this BBinary review is the best bet. High-value account holders with BBinary get to enjoy premium VIP treatment. What’s more, when trading on the VIP platform, user is granted priority access to all options contracts, the biggest payouts, as well as a direct line to a dedicated team of financial analysts. In order to qualify, one would need to apply for an invite to the VIP club.
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