Banc de Binary, launched in 2008 with headquarters in Victoria Corporate Suite 108, Premier Building, Mahe, Seychelles, is a binary options trading broker licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). It has an EV SSL certificate to ensure the protection of users’ personal data, and secure the website against phishing and other unlawful Internet activities. It may have had regulatory issues in the U.S. that resulted in the discontinuation of its operations in the U.S., but Banc de Binary has turned into one of the world’s largest and widely-known organizations offering binary option products in the world.
From its educational approach in training its traders to its award-winning customized desktop and mobile platforms, Banc de Binary is a well-rounded organization and overall excellent choice for both beginners and experienced brokers.
The homepage immediately immerses visitors in the trading environment, displaying a constantly moving marquee of assets with values changing in real-time. Navigation is simple and straight-to-the point. Any guest can understand the platform even without signing up for an account. The site is transparent with its financial connections, displaying on top of the homepage their partners in the banking and financial institutions. The page immediately informs the visitors with its security standards to ensure the safety of traders’ personal data and funds.
The Education Centre tab comprises the ‘Lion Academy’, which gives Banc de Binary account holders access to video tutorials and eBooks that offers significant information about binary options and trading techniques. The ‘Market Analysis’ tab includes up-to-date market reviews and predictions useful both for beginners and experienced traders. The ‘Options Trading’ tab gives comprehensive account on binary options – definition of binary options trading, types of binary options, types of assets that can be traded, and others – even presenting examples of trades using Banc de Binary platform and offering practical advices so beginners start right on binary trading.
Other tabs accessible in the homepage are Trading Platform, Accounts, Banking and Security, and blog, where site guests can read news stories relevant to binary options.
The dashboard also hosts quick links to most social media sites, allowing users to share their Banc de Binary experience on Facebook, Google+, twitter, LinkedIn, Vimeo, and YouTube.
Banc de Binary presents account types basing on the initial deposit that a trader is willing to make.
Bronze Account, also known as Micro Account, can be opened with an initial deposit of $250. It provides full access to trading platforms, all 190 assets at Banc de Binary’s disposal, and daily market reviews and financial research made by the organization’s financial experts. This type of account also gives permission to attend to Banc de Binary’s educational webinars twice a month.
Initial deposit for Silver Account is $2,500. Along with all the benefits that come with Bronze Account, Silver Account holder also receives bonus trading alerts and event analysis, luxury loyalty store gift, direct access to a personal account manager for 10 days, and free trading signals from Trading Central for one month.
Traders can open Gold Account with an initial deposit of $5,000. Along with all the inclusions in a Silver Account, a Gold Account holder gets direct line to a personal account manager but for an unlimited time, trading signals from Trading Central but for a longer duration (3 months), bonus protected trades from an account manager, introductory private session with an analyst, and a smart money management plan.
Beyond these accounts are the Lion Premium Accounts – Premium Account and Platinum Account.
With an initial deposit of $10,000, the Premium Account holder receives all the benefits of a Gold Account plus an analyst educational program twice a month, and enjoys the privilege of expedited withdrawal processing time and first access to all option contracts.
An initial deposit of $25,000 will give the trader the opportunity to open a Platinum Account that covers all the benefits of a Premium Account, as well as an analyst educational program every week, premium trade room access, exclusive VIP events invites, and 2% to 3% higher payouts on the Banc de Binary platform.
Exclusive Account, with an initial deposit of $100,000, is by invitation only and gives traders all the benefits of a Platinum Account, plus access to exclusive benefits that Banc de Binary does not reveal to the public.
Banc de Binary has one standing trading bonus that is similar to cash match bonuses given by other binary options brokers. Starting from a trader’s initial deposit in a Gold Account or higher, Banc de Binary will match the deposit, with 50% to 100% of the value as tradable cash in the trader’s account. This has the potential to double the trading capital that can subsequently lead to bigger deals and profits.
The organization also offers other bonuses to active and loyal traders – increased payout percentages, added cash incentives, temporary access to benefits given to higher class accounts, and others.
Payment & currencies
Banc De Binary accepts deposits in US Dollars, British Pound, and Euro. The trade amount and withdrawals will automatically be in the same currency as their chosen deposit.
The minimum deposit amount is $250. The minimum withdrawal amount is $50 with no maximum withdrawal amount. At any time, traders may request an online withdrawal of funds from their account that will be sent to Banc de Binary’s Compliance Department for processing. Banc de Binary promises not to charge commissions or fees from their transactions.
Withdrawals made through credit and debit card are processed within five working days and take an average of two to three working days to reach the card or bank. Withdrawals made through bank wire transfer usually take the same number of processing days but reach an average of five working days before it gets reflected to the traders’ account. Withdrawals made through Skrill are processed within five working days but reach the account of the trader within 60 minutes.
Withdrawals and deposits can be made using credit and debit cards through VISA, MasterCard, Maestro and Unionpay affiliates. These can also be done via wire tranfer and Skrill.
Platform & assets
Banc de Binary operates a customized trading platform with faster execution speed. It is also user-friendly; clients simply need to choose the desired asset, hit up or down button, choose how much to invest then select “Apply”.
The platform also offers 60 Second, Option Builder, One Touch, and Binary Meta Trading methods. Traders can choose from these four options when trades expire: 1) 15 minutes 2) 30 minutes 3) 1 hour, and 4) 24 hours. The platform features Digital Options Pro function, an new tool that allows clients to decide on their own asset, return rate, and amount to invest. Different elements of the platform are responsive to the location of the cursor. Placing the mouse pointer above the price chart enables the display of the following information: date, time, and strike rate of the asset currently being traded. Switching views will also change the way the elements interact with the cursor.
The Strategy Advisor Widget provides “Call” or “Put” prediction based on one of the three following types of calculations: Moving Average, RSI or Bollinger Bands. Just choose the desired method of calculation and the program will start a 10-second countdown to get prediction. This forecast will be based on a financial method that is computed using the most recent shifts of the assets. When the prediction becomes available, the trader only needs to hit the “Call” or “Put” button that will eventually open the trade.
Banc de Binary offers a wide range of over 190 assets in the form of commodities, stocks, indices, and foreign exchange pairs. These are the following:
Forex: AUD/CAD, AUD/JPY, AUD/CHF, AUD/USD, AUD/NZD, EUR/AUD, CAD/JPY, EUR/GBP, EUR/CAD, EUR/JPY, GBP/CAD, EUR/USD, GBP/CHF, GBP/USD, GBP/JPY, NZD/JPY, USD/CAD, NZD/USD, USD/CHF, USD/MXN, USD/JPY, USD/RUB, USD/TRY, USD/SGD, and USD/ZAR
Indices: ASX, BOMBAY SE, ASX Future, BOVESPA-F, DAX Future, DAX, DOW, DOLLAR INDEX F., DOW Future FAZ-SHORT BANKS, DUBAI, FRANCE 40 F Future, FRANCE 40, FTSE 100, HANG SENG, FTSE Future, HANG SENG Future , IBEX Future, IBEX, KL Future, JAKARTA SE, KOSPI, MICEX10, NASDAQ Futures, NASDAQ, NIFTY Future, NIFTY, NIKKEI 225, PSI 20, NZX50, QATAR, SHENZHEN 300, Shanghai Composite, SMI-Future, S&P Future, S&P 500, SSE180, TAIEX, Straits Times, Tel Aviv 25, VIX TZA-SHORT X3, and TNA-LONG X3,
Stocks: 3M, Alibaba, AIG, , Amazon, Allianz Se Anz Bank, Axis Bank, Apple, Banco Santander, Barclays, Bank Of America, Bayer Ag, BHP-AU, BesTV New Media, BHP Billiton, Baidu, BMW, Blackberry, BNP Bank, BP, Boeing, British American T, Cheung Kong, Caterpillar, China Pacific Insurance, Citigroup, Cisco, Coca Cola, Daimler Ag, Commonwealth Bank, Danone Sa, Disney, Deutche Telecom, Ebay, Facebook, Exxon Mobil, Fiat, General Electric, Gazprom, Goldman Sachs, Groupon, Google, HSBC-HK, IBM, Hsbc Holdings, ING Groep, Jp Morgan Chase, Johnson & Johnson, Kec (Sa), Las Vegas Sands, King Digital, Leumi, Louis Vuitton, Linkedin, Lukoil Rs, Micron, McDonald’s, Microsoft, Netflix, National Australia Bank, Orange S.A., Petrobras, Publicis Groupe, Pfizer, Renault, Rio Tinto, Rio-Au, Roshow Technology, S. Bank India, ROSNEFT, Sab Miller, Saudi Refineries, Saudi Basic INDS, Sberbank, Siemens Ag, Shenzhen Tatfook, Starbucks, Tata Steel, Tata Motors, Tesco, TEVA.TA, Tesla, Total S.A., Toyota, UBS, Twitter, Unilever, Vodafone, Vivendi Sa, Volkswagen, Wal-Mart, Volvo, Westpac, Wynn Resorts, Zhejiang Daily Media, YAHOO, and Yaoji Playing.
Commodities: Coffee, Oil (Brent Crude), Gold, Corn, Silver, Platinum, Wheat, And Sugar.
Banc de Binary also offers Bitcoin as a trade option.
Banc de Binary has launched a mobile app to complement their PC platform and to cater to traders who prefer to be connected through their smartphones. The app differs from the PC platform in a way that its buttons and functions have been adapted to fit a phone screen. Its functionality, however, remains similar to that of the PC platform. It is aesthetically more colorful and concise than its PC counterpart. Banc de Binary account holders download the app for their Android and iOS phones for free.
Banc de Binary is a multilingual site, offering content in various languages, such as English, Arabic, Italian and German to expand online presence and to reach target markets.
Banc de Binary’s customer service includes around-the-clock support for traders through a live chat. Just click the “Contact Lion Management” key found in the lower left corner of the site. The company can also be reached by logging in to their personal Banc de Binary accounts, email (firstname.lastname@example.org) and phone, (+44-2070992097).
It also offers 18 different support numbers around the world (Hong Kong, Brazil, Russia, U.A.E, and Singapore), available in the Phonebook tab that is on the left side of the site. Traders can also opt to access Skype support using the face-to-face chat service. Likewise, customers can ask for a return call, which is not a common service among other brokers.
Pros & cons
The platform is easy to understand – even without signing up for an account. It promotes transparency with its financial connections as it displays its financial partners’ logos right on the homepage. Assets offered are more than 190 – that’s a lot for the traders. The initial deposit requirement for its Micro Account is quite high at $250. Withdrawal of funds is allowed, but takes several days.
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English, Arabic, Italian and German
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