A well established and respected broker is what you need when trading with binary options. Banc De Binary firmly ticks both of these boxes.
Having picked up a number of awards due to its professional trading approach, it is widely regarded as one of the leaders in online options.
Key to its success has been its focus on support and its aim to become the predominant player in the industry. This business has picked up a number of industry awards including ‘Platform of the Year’ and ‘Best Broker’ while also being recognized as a ‘World Finance 100 company’.
Banc De Binary Particulars
- Account Opening Deposit Requirement: $250
- Minimum Trade Size – $10
- Account Handling Currencies – USD, EUR, GBP
- Contracts Available – Call/Put, One Touch, Boundary, 60 Second, Option Builder
- Typical In The Money Returns – 70-310%
- US Traders – NO
- NO LONGER ACCEPTING NEW CLIENTS
Review of Banc De Binary
The binary options trading software supplied by this brokerage is based upon the popular and widely regarded SpotOption platform. This is one of the most popular software platforms among traders and rightly so. It offers access to a wide range of different contracts including some of the more recent additions to be added to the binary option line-up.
Naturally as you would expect, you will find the Higher and Lower binary option offered with an hourly expiry, fifteen minute expiry times and end of day. In addition you can also place One Touch and the increasingly popular 60 second contracts on the platform.
Two other trading modules are also offered. The first of these is the Option Builder interface which allows you to specify the exact expiry time that you want the contract to end with a 5 minute granularity. This gives you the opportunity to customise your contracts to best fit in with your analysis of the asset that you want to trade.
The second module is known as ‘Binary META.’ This lets you trade a range of different higher or lower outcomes directly from the chart. A useful feature when using this module is that you can also see the predominant bias that other traders on the platform think that the price will move.
Opening An Account With Banc De Binary
The accounts on offer are graded, with a wide range of account opening choices designed to suit the needs of traders depending on their level of experience.
For the new trader, the Silver account can be opened with a deposit of between $250-$2500. The next account level up is the Gold account which requires an initial deposit of $2,500-$5,000. This provides additional resources and trading privileges befitting the more experienced trader.
Higher net worth traders might want to consider going for the highest level account known as the Personal Broker account. This requires a minimum deposit level of $5,000 and as the name suggests, will get you an assigned personal broker to help you find opportunities for your trading.
Account deposits can be made in via a wide variety of funding options including Credit/ Debit card, Bank Wire Transfers, Money Bookers and AlertPay.
Deposit currencies in which you can operate your account are USD, GBP and EUR which you must choose from when first opening your account.
Banc De Binary Mobile App
For those people who want to make use of mobile trading there are plenty of paths available so that you can keep up to date with your account and trade while on the move.
Two dedicated applications are provided for both Android and iPhone users which will allow you to log into your account from your mobile device and access your account. These are well thought out and will allow you to invest on the full range of contracts that are made available from the main web based trading platform, as well as deposit and withdraw from your account.
Summary Of Key Features
- A great range of features, assets and binary contract types are available for the options trader
- World class support network and contract options should you need to get in touch with the broker
- Lots of funding options with the opportunity to upscale your account for access to even more features and benefits
The solution offered by Banc De Binary is certainly attractive. The range of features and levels of support make this a good choice for any level of trader. Experienced investors will be well served by the higher level accounts, while first time traders can access a wide range of learning material to help them get started.
With high payouts across a wide range of different contract types, offered on what many consider to be one of the leading trading platforms and a wide selection of assets available for trading, Banc De Binary should make it onto any short list you have when selecting your broker.