Banc de Binary Review

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Banc de Binary
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Overview

Banc de Binary is one of the major binary options brokers in the world. The broker is located in New York City, but has offices across the globe. Banc de Binary is specializing in retail market and offers innovative features and great trading platform – a wide range of

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Details

Broker Banc de Binary
Website URL BBinary.com
Founded 2009
Headquarters Trump Tower, 40 Wall Street, New York, NU, 10005, USA
Support Number +1(212)710 5905
Support Types info@bbinary.com
Languages English, French, German, Spanish, Italian, Arabic and Japanese
Trading Platform SpotOption Platform
Minimum 1st Deposit $250
Minimum Trade Amount $1
Maximum Trade Amount $8000
Bonus Up to 25% on First Deposit
Payout 81%
Free Demo Account Yes
Regulated Yes
Regulation CYSES regulation
Deposit Methods Moneybookers, AlertPay, Credit Card, Debit Card, Wire Transfer and Western Union
Withdrawal Methods Moneybookers, AlertPay, Credit Card, Debit Card, Wire Transfer and Western Union
Types of Assets Forex, Commodities, Stocks, Indices
Option Types High or low – normal call put option, One Touch, Option Builder – you can build your own options, 60 second option
Account Currency Micro Silver – starting from $250, Standard Gold – starting from $2500, Personal Broker Reserved Account – starting from $5001, VIP Lions club – starting from $50000
US Traders Allowed No
Overall Score 3.7

Screenshots

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Pros

  • With Option Builder you can make your own options
  • 60 second binary options
  • Up to 500% payout
  • Wide range of trading platforms

Cons

  • Bonuses or Promotions are not so exceptional
  • Lack of strong educational center

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Banc de Binary History and Background

Banc de Binary first went into business back in 2009 and is based out of Cyprus. It, however, serves as an integral part of an affiliated group of several companies that are incorporated in the Republic of Seychelles and Israel. As stated at the company’s respective website, the management team has a combined experience of more than 100 years, acquired in a vast array of fields by providing services to leading global corporations, hedge funds and other investors, governments and banks. According to reports published by its CEO, the company has accumulated more than 200,000 global customers. At the moment, the firm is not accepting U.S. citizens as clients.

The company offers all of its customers Call/Put, Turbo and One-Touch options in commodities, currencies, indices and stocks. By using the platform’s Option Builder you can vary the payout ratios and expirations time in order to customize your personal forays regarding the market. The array of asset choices is expanded on a continuous basis. Payouts are close to 81% in most choices’ high side and special weekend One-Touch varieties can max out at a level of 500%.

Banc de Binary managed to develop its very own in-house set of trading platforms. All of the systems are web-based and do not require any software downloads. The company’s basic platform looks and feels like most others but the innovative part comes in with the BinaryMeta operating system, which resembles an MT4 format where charting tools, pricing behavior and various other handy capabilities are featured in order to assist the experienced trader in his efforts of tilting the scales in his favor. The platform offers the option of being operated in several languages and customer service is excellent and 24/7. There are welcome bonuses and promotions.

Features

Banc de Binary is a broker with a vast amount of experience that went operational back in 2009 in Cyprus. It is licensed by CySEC and MiFID. It operates on a global basis and has more than 200,000 customer accounts. It offers over 100 asset items for trading purposes, such as Forex pairs, Stocks, Commodities and Indices. The platform supports standard Call/Put, Turbo and One-Touch options and offers an Option Builder for the traders that want to personalize their approach to the market. Payouts go from 81% for traditional operations to 500% for One-Touch option trading. The platform is easy to use and user-friendly. A special BinaryMeta platform provides a broader technical venue for the more advanced traders. It comes in several languages and offers many materials on the topic, including some basic knowledge and streams news and analyst commentary regarding the changing conditions of the market. The Customer Service department is top level and accessible 24/7.

Accounts

There are 4 types of accounts offered by the firm:
– Micro Silver Account (USD 500 – USD 2,500)
– Standard Gold Account (USD 2,500 – USD 5,000)
– Personal Broker Reserve Account (USD 5,000 – USD 50,000)
– VIP Lion’s Club Account (USD 50,000+)

Transactions

You can deposit funds into your account via MasterCard, VISA, American Express, Bank Wire Transfers, Moneybookers and through a number of other options provided by independent payment processors. You can withdraw your funds in an easy and straightforward manner, as long as you present the necessary ID materials.

Platform

The trading platforms of the company were designed in-house but they comply with all current industry standards and trends. All of the information is displayed in an easy-to-cope-with manner, with fingertip access for all asset choices and system capabilities. The more advanced BinaryMeta platform will be more appreciated by forex traders, due to it having a MetaTrader4 look. It requires no additional software downloads for one to operate it.

Information

The firm provides you with a number of education and support materials on its website. The said materials feature the basics along with ones that focus on the more advanced aspects of the market. You are also provided with a constantly-updated news feed and commentary on the market that will aid you in your decision-making process.

Support

If you need any type of assistance the support department of the firm is available 24/7 to aid you and help you out with your endeavours. You can reach them via the use of live chat, e-mail, or phone.

Safety

All of your trading session information and personal identity data are encrypted via the use of the latest in the field of 256-bit SSL technology so you will feel a maximum level of safety at Banc de Binary.

Conclusion

Banc de Binary is among the most experienced binary brokers in the industry. The firm’s respective founders and management team come with an extensive background in various investment fields. A vast amount of customers has hailed its platforms around the web. The Option Builder provided by the company allows the traders to tailor-fit the expiry times and risk-reward rations to their own strategy. The company falls under the regulation of the CySEC and also complies with MiFID-imposed regulations. Sadly, the firms has chosen to no longer operate in the U.S.

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