Banc de Binary (BdB) was registered in Cyprus in 2008. It is noteworthy that 2008 is the year when binary options were granted the status of trading instruments.
The company is headquartered in Nicosia, the capital of Cyprus.
Customers of the company can choose from a wide range of trading tools and underlying assets, among which stocks of large transnational companies such as Apple, Coca-Cola (40 companies in total) and currency pairs (28 pairs) are the most popular. Banc de Binary also offers to trade binary options, in which underlying assets are stock indices (20 types) and commodities.
One of the main tasks of the broker is creating the most comfortable environment for its customers. Stable growth of the customer base, which already exceeded 200 000 traders, is a clear proof that the company is strictly following the target.
Deposits and Withdrawals
Banc de Binary is offering a wide selection of financial instruments for funding a deposit and making a withdrawal. These include:
- Bank transfer;
- Visa, MasterCard credit cards;
- WebMoney, Skrill.
Payments are processed within specified time frames – bank transfers take 1-2 banking days, online payments are effected within one banking day. A new customer should be ready that the first withdrawal may take much longer because of passport and address verification.
Banc de Binary is paying a lot of attention to the safety of financial operations. The company experts developed several unique programs aimed at ensuring safety and security of money transfering.
Reliability and Certification
Banc de Binary is licensed by CySEC (the Cyprus Securities and Exchange Commission).
Besides, its financial activity is regulated by FCA (the Financial Conduct Authority of the UK) and MiFID (the Markets in Financial Instruments Directive).
Owing to the high level of regulation and introduction of various insurance programs, the broker is considered a reliable company paying great attention to its reputation. In close cooperation with its partner banks, BdB guarantees solid security of customer assets. The company is widely using segregated accounts that allow it to hold customer funds separate from its own funds.
Regarding asset protection, various strategies of deposit and transactions insurance are worth noting. All the above lets traders substantially reduce risks and increase safety of their assets.
Bonuses and Promotions
Banc de Binary provides first deposit bonuses for its customers. The bonus depends on the amount of the initial deposit and could be equal to it.
The bonus is credited to the customer trading account and is intended for trading operations. Only after meeting certain requirements as to the number and volume of transactions, the customer can withdraw bonus money.
More details about terms and conditions of the bonus program are available on the company’s official website.
Trading Accounts and Options Types
The broker’s clients can set up a trading account with the following parameters:
- Minimum deposit – $250 USD;
- Minimum traded volume – $25 USD;
- Maximum traded volume – $3 000 USD.
The payout is from 70 to 400 %
A live trading account can be opened in the following currencies:
- US Dollar;
- Russian Rouble;
- British Pound;
- Swiss Franc;
- Japanese Yen.
The above currencies are also available for demo accounts.
Apart from traditional (classical) options, where customers make predictions of the price for an underlying asset at the moment of expiration, Banc de Binary clients can trade other types of options:
- Turbo options (60 seconds);
- One touch options;
- Boundary options.
Banc de Binary uses a traditional trading platform SpotOption. This is a web-based binary options platform, which does not require downloading. The platform is widely regarded as one of the best software products for binary options trading.
The company specialists made some modifications to the platform concerning its analytical and information sections. The platform functional has stayed practically unchanged. A reduction of the maximum expiration period to one week (in the classical version it is up to 60 days) can be considered as one of slight modifications.
Customer service of Banc de Binary is highly appreciated. Its representatives give advice to customers and guests of the company on a 24/7 basis. There are the following means of communication with the support center:
- Phone (Call Back);
Support services are available in the following languages:
Pros of Trading with Banc de Binary
Banc de Binary advantages are strongly marked customer focus and high level of regulation. Besides, the wide range of trading instruments and underlying assets are worth mentioning and makes the broker attractive for a wide audience of traders.
Mention of the company name in connection with several scandals in the financial world and closer attention to it from the US regulatory authorities throw a shadow on the broker.
Banc de Binary Reviews
Karl Soxer: Strong medium broker. Nothing special (except for customer service) and still no complaints. Highly recommended for beginners. Availability of demo accounts and highly professional service team will be a good support for traders breaking ground in the binary options world.
Sofiya: I recommend the broker to all traders irrespective of the qualification level and deposit size.
Banc de Binary is worthily considered one of the most reliable and stable binary option brokers. A great choice of trading tools and convenient trading platform make it comfortable and pleasant to work with the company.
Giving a brief summary of the broker, one can call it universal. The range of trading tools and wide variety of underlying assets make the company attractive for traders of any level and any direction.