Banc de Binary is an award winning broker founded in 2009 and headquartered in Belize City, Belize. Founded in 2009, it has achieved good reputation worldwide as a trustworthy broker. Banc de Binary maintains a customer base of traders from more than 80 countries but they do not accept customers from the USA.
It is regulated by the IFSC and holds the license number IFSC/60/352/TS/15. The maximum payout rate for the traditional option is between 60% – 91%. The payout rate depends on two factors including asset type and expiry time frame.
Trading Platform
Banc de Binary offers the common SpotOption platform that feature simple and straightforward interface for beginner traders. There are many types of binary options including high low, 60 seconds, pairs, one touch, boundary, long term and early closure options.
The short term expiry time frame range from 60 seconds to 24 hours. They provide a free demo account for traders who want to test the platform without investing real money.
There are a number of videos where experts in the finance industry discussed about the different aspects of binary options trading. They also support a mobile platform that is compatible to both apple and android devices. The mobile platform also gives you access to live charts which is useful for analyzing and monitoring the market movement.
Types of Trading Accounts
Banc de Binary offers 3 types of accounts including Bronze, Silver and Gold. Bronze account only has a minimum deposit of $250 so it is suitable for traders who is just starting out in binary options trading. Silver account is for serious binary options traders who want to invest more than $2,500. Customers who sign up for Silver account will have 10 days direct access to the account manager.
In addition, you are also entitled to 1 month of trading signals supplied by Trading Central. You can open a Gold account if you want to invest more than $5,000. Gold account gives you anytime access to your account manager and 3 months of free trading signals by Trading Central. They also have another account called Lion Premium accounts, for traders who want to deposit more than $10,000.
Trading Bonus
Banc de Binary offers trading bonus to encourage traders to trade with them. The trading bonus range from 50% – 100% depending on the type of account you choose. The bonus is not automatically credited into your trading account so you have to contact your account manager if you want the bonus.
Deposits and Withdrawals
Banc de Binary accepts credit cards, bank wire as well as other alternative payment methods for deposits and withdrawals. Funds you deposited via credit cards will appear instantly in your account. However, if you withdraw via credit card, you will have to wait for up to 5 days for the withdrawal request to be processed and another 3 days for the funds to appear in your account.
Bank wire is the best solution if you want to deposit more than $50,000 into your account. It can take up to 5 days for the funds to arrive in your account after you initiated the bank wire transfer.
Bank wire withdrawal takes 5 days to be processed and another 5 days to see the funds in your account. If you withdraw by Skrill, it will take 5 days to be processed but the funds will arrive in your account in 1 hour after approved.
The minimum withdrawal amount of $50 regardless of the withdrawal method you choose. To withdraw funds, you simply click the Withdrawal tab and enter the amount you want to withdraw. Finally, you must select the base currency and click on the Submit button to send in the withdrawal request.
Banc De Binary Customer Support
Traders can reach Banc de Binary’s customer support department via email, live chat, Skype, and telephone. They are backed by a multilingual customer support team trained in handling inquiries in many international languages. The website also support seven different foreign languages including English, French, Dutch, Italian, Russian, Spanish, Arabic and Portuguese.
Is Banc De Binary A Good Broker?
In conclusion, Banc de Binary is a great broker with many types of options to choose from. It has excellent return rate and the trading platform features an excellent user interface. Others advantages of Banc de Binary are 24/7 trading, loyalty rewards, and personalized trading service.