Banc de Binary Broker Review

banc de binary

The Banc de Binary is a branch of a New York broker house that is registered in Cyprus within the borders of the European Union and regulated by the CySEC. The trading platform is based on the SpotOption software and was founded in 2009. It can be referred to as one of the rather experienced brokers for binary options operating with many subsidiaries all over the world.

All tools of the broker are web-based and available online and mobile. Some advantages distinguish the Banc de Binary from other brokers:

  • Returns on standard options can be extraordinarily high at even 91 percent
  • Trade is possible with only $1 per option, which is incredibly low
  • Banc de Binary offers hedging of up to 15 percent
  • Mobile trading in possible on iOS and Android gadgets
  • Availability of more than 80 assets
  • Option maturities vary broadly from 60 seconds to 1 year

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Banc de Binary: Experiences and Test Report

Judging from AlphaOption test and the published comments of traders, the Banc de Binary earns solid feedback. The broker makes a serious impression without any suspicion of fraud. The unique trading conditions, including mobile trading, stand out; this feature is particularly important for binary options, as they literally live from being traded through cell phones. The web-based system can be accessed from any place in this world, enabling traders to make money with Banc de Binary no matter where they are. Certainly, the demo account is another feature that traders value.

We would like to point out yet again that virtual trading with demo versions may differ severely from trading with real money. Banc de Binary allows practicing with the demo account after having set up a live account (see below) which does not require a cash imbursement at first. Cyprus’ regulations on other brokers for binary options has proven to be successful. The local CySEC operates for European financial markets according to the MiFID-Rules. Due to tax related advantages the state of Cyprus is an especially attractive choice of location.

Trading platform of the Banc de Binary

The broker has chosen SpotOption as a reliable and popular trading platform that convinces with high user-friendliness and a good set of trading tools. The software can be used with any browser, does not require additional downloads, and displays all traded positions in a chart. The software provides real-time rates and the handling and administrating of the own trading account is not complicated at all. The design is clear and makes accessing the trading account via mobile gadget easy with good image resolution. All data is transferred through a secure SSL-connection.

Banc de Binary: Types of options and base values

More than 80 assets such as indexes, commodities, currencies, and stocks can be traded with this broker – a broad selection that holds many trading opportunities. Available options are:

  • Call and Put: Traders bet money on rising or falling course of the base value
  • One-Touch-Options: Return of binary options is generated through approaching a price limit in the base value that was previously defined by the broker. These difficult options are rewarded by Banc de Binary with returns in the High Yield area of up to 500 percent.
  • Option Builder: This tool is especially popular among sophisticated traders. The Option Builder tool allows the creation of an individual binary option with regard to base value, maturity, and relation between gain and loss that can be defined by the traders themselves.
  • 60-Seconds Options: These options give the trader the opportunity to gain returns ultra-fast (in only one minute) with Call- or Put-Options.

With standard options offering 91 percent yields and the High Yields with a maximum of 500 percent return, this broker is a provider with all top-features that can be expected in the segment. Furthermore, good loss coverage with up to 15 percent is guaranteed which makes Banc de Binary a broker with exceptionally good overall trading conditions.

Banking and service of Banc de Binary

Traders may use a demo account, after having set up a fixed deposit account. There are four different types of deposit accounts:

  • Micro Silver Capital of 250 to 2,500 USD
  • Standard Gold Capital of 2,501 to 5,000 USD
  • Personal Broker Capital of 5,001 to 50,000 USD
  • VIP Lions Club Capital of 50,001 USD and higher

Every type of account comes with an individual service that can reach up to VIP-support with a personal account manager. Moreover, bonus payments are made, beginning with the Standard Gold accounts that are rewarded with 25 to 100 percent. These bonuses can be used in trading. Capitalization can be performed through bank transfer, credit card, or the eCash-procedures of Skrill and Alertpay. Disbursements are made by transfer to the reference account, a credit card account, or via Skrill.

It may take up to five days until the payout is credited to the reference account. The transfer to credit card accounts is usually granted within two days, while the credit entry via Skrill may take only a few hours. Customer services can be reached by telephone, email, and chat.

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