Banc de Binary Broker Review
Every once in a while, traders can tell that they are in for a real treat with a new broker based on the quality of the website that greets them alone. Awaiting traders is one of the cleanest, most information packed sites that we have ever come across and all of this is available before an account is even created. Functionally and aesthetically, there is more than enough offered throughout the main site that traders can instantly be sure that Banc De Binary means business.
The brokerage was established in 2009 and has already received numerous industry awards, together with having been featured by World Finance. In just a few years, the broker has established itself as one of the biggest and best in the world through a number of factors, including being the first regulated binary options brokerage. With customers in over 80 countries around the world and the kind of reputation that only becomes available to a truly outstanding firm, there is certainly plenty to get excited about.
Banc De Binary Features
The key features of any options trading platform generally occupy a healthy chunk of our reviews, but when it comes to what Banc De Binary has to offer, we would have to make this the longest review at BinaryOptions247 by some distance. However, we are confident in our abilities to demonstrate and discuss the most important aspects of the site and its performance, with other, lesser features becoming clearer as traders familiarise themselves with the brand as a whole.
While not a feature as such, something that truly underpins the entire Banc De Binary platform and demonstrates itself through the various features is the company’s level of experience. As noted, the site first launched in 2009 but has certainly not stood still in this time, having evolved on a weekly basis to be one of the most complete trading platforms in the world. From a whole host of learning tools to the trading platform itself, it is possible to see just what sets this website and accompanying trading room apart from the rest. This is due in no small part to Banc De Binary always being willing to listen to the demands and requirements of their clients, leading to an overall experience that was shaped not only by their own expertise, but also real world needs of traders.
Just as the online interface is among the best in the world, Banc De Binary also manages to dominate the mobile trading space thanks to their very own mobile app. It is suitable for use across all major smartphones and tablets and there is no compromise between what online and mobile traders can achieve, with access to the same information and trading tools no matter whether they are at their desk or on the move.
Such is the international significance of this platform that it is utilised by many automated trading tools and for the identification of binary option signals within the industry.
Banc De Binary Bonuses
While an exhaustive array of features are important for any trading platform to allow it to stand out in the face of competition, one of the most tangible benefits of trading with a certain company comes from the availability of bonuses. This is effectively free money that shrewd traders can build on and Banc De Binary is certainly happy to oblige with at least three bonus offers available at all times.
The first of these is the signup bonus which certainly comes in towards the top end of what we would expect within the industry. Whereas some brokers offer a 25 percent boost or even nothing at all, this broker goes all out from the very beginning, boosting the initial deposit by up to 100 percent depending on the amount of that deposit. It does not require an experienced trader to know that doubling your money in the time that it takes to fill in a registration form can be a very good result!
The bonus cash keeps on coming too, especially for traders that are well connected and can refer their friends and colleagues to Bank De Binary. The firm is confident in the quality and effectiveness of its platform and is sure that traders will be too, to the point that they are more than happy to award referral bonuses to anyone that refers another trader.
The final suite of bonuses cannot be specified here in this review simply because they are either time sensitive or created exclusively for a particular trader. One thing that is for certain is that these bonuses are every bit as generous and rewarding as the others and any trader with an eye for free capital would do well to give Banc De Binary further consideration. As with any bonuses in this industry, it is never a case of making a deposit, collecting the bonus and then withdrawing it all as certain trading volumes must be met as a turnover requirement. However, this broker has opted to ensure that the requirements are far from excessive and, even given the size of the bonuses themselves, all traders should be confident of getting something out of them.
Top Level Payouts
It is not only in the size of the bonuses on offer that Banc De Binary manages to exceed the industry standard, as the same can also be said of the payout rates. The return on investment on standard binary options trades usually falls into a range of between 60 percent and 91 percent – a wide range but one that consistently delivers great results.
Speaking of great ranges, the same can also be said of Banc De Binary’s own minimum and maximum investments. Trades can be initiated for as little as $1, which is the lowest that we have seen while carrying out our reviews. The brokerage is certainly not exclusively aimed at lower value traders, however, with a maximum investment on each trade of $6,000 available.
Assets at Banc De Binary
This trading platform ranks right up there when it comes to the sheer number of tradeable assets on offer. Commodities, covering everything from gold to coffee and sugar are joined by top performing shares in a variety of industries. Traders can also invest in currency pairs and even indices such as the FTSE 100 and the NASDAQ. In total, more than 200 asset types are offered within the platform, spanning more than thirty countries.
The Banc De Binary Platform
Banc De Binary has opted for an equally popular and impressive name to provide its trading platform, that being SpotOption. Our favourite element of this particular platform is that while it is easy to use and perfectly suitable for beginners, it does not sacrifice any functionality that would prevent it from being an excellent choice. There is even a range of customisation options that, while not exhaustive, can ensure that the information that matters the most to a particular trader is presented most prominently.
A point and click interface ensures that nothing is ever too far out of reach, with traders able to make use of all of the information presented on the main site within the platform itself when necessary and Banc De Binary definitely deserves full marks as far as usability is concerned.
With so many assets available at Banc De Binary, it is almost unthinkable that they would not be accompanied by a wide and varied range of trading opportunities and the broker does not disappoint. All assets noted above can be traded using high/low options, meta chart options, one touch options and more. Banc De Binary is even one of the only trading platforms to offer the complex but potentially highly lucrative ladder options. These can each be placed with a variety of expiration times ranging from one minute to 24 hours.
Banc De Binary’s Learning Tools
This trading platform is equally suitable for new and experienced investors but one element of the site that really stands out for the former is the suite of learning tools. Naturally, the more successful their traders, the more commission the broker stands to make and Banc De Binary goes all out to ensure that their clients have extensive resources at their fingertips. Many traders find that the best way to learn is by doing, preferably with no risk, and that is exactly where the fully featured demo account comes in. Even more experienced traders can benefit as this is the perfect way to familiarise yourself with the platform before committing any real money.
This, accompanied by the platform walkthrough ensures that even if you had never even heard of Banc De Binary before today, you can be up and running and trading like a professional in no time at all. There are video guides hosted by their financial experts and even a complementary e-book, detailing common strategies and investment opportunities and even giving pointers on analysing pertinent information.
Managing your Money
This broker’s motto seems to revolve around keeping things simple and that even extends to banking, although we are pleased to say that the security and safety of client funds is certainly not basic. Deposits, withdrawals and active account balances can be managed in a variety of currencies, including USD, GBP and JPY and all major payment methods are accepted, ranging from credit and debit cards to electronic wallets and bank transfers.
Withdrawals are some of the fastest around, clocking in at around two days, and the minimum withdrawal amount is also industry leading at just $50 or your currency equivalent.
Banc De Binary Customer Service
Customer service with the brokerage is every bit as exceptional as the rest of the operation would lead traders to believe and while they focus less on telephone support than many of their competitors, both the live chat and email options are speedy and responsive. The support team is also multilingual, just like the website, with more than ten languages supported including English, French, German and Japanese.
No US Traders
While Banc De Binary is an excellent all-rounder, there is one potentially major drawback although it will only affect a specific audience. Specifically, the platform is unavailable in the US market. The only other potential negative point that we discovered is the aforementioned lack of telephone support, although this is easily compensated for by the overall quality of the live chat and email services.
Banc De Binary Review in Summary
Banc De Binary ranks as one of the most downright impressive brokerages that we have ever reviewed here at BinaryOptions247. From the first visit, through the account creation process and all of the way to trading for real, it offers the kind of experience that traders of any experience level crave. With plenty of assets and virtually every trading option imaginable, we view it as one of the most complete trading experiences for any client outside the US.