Banc de Binary Review – Scam or Real Deal?
- Broker – Banc de Binary
- Website URL – Bancdebinary.com
- Support Number – +44 207 099 2097
- Minimum 1st Deposit – $250 / $500
- Minimum Trade Amount – $1
- Payout – 89%
- Free Demo Account – Open Demo
- Overall Score 9/10
Established back in 2009, Banc de Binary is a multi-award winning and World Finance listed company with a reputation for being one of the leaders in the binary options trading market. It was among the first binary options brokers to be regulated and has clients in over 80 different countries. Banc de Binary has earned a reputation for being one of the most trustworthy of binary options brokers in the world. Considering that such a reputation does not come by easily, read on to learn why this broker is so trusted and respected.
Banc de Binary is regulated by CySEC and considering that only the trusted brokers are regulated by reputable regulated organizations such as CySEC, it is safe to say that it is not a scam broker. Currently, Banc de Binary does not accept US clients since its license does not allow it to do so.
Banc de Binary uses the most current version of the SpotOption platform that is easy to use. The broker has over 190 assets available for trading. Some of the most popular ones include currency pairs such as the EUR/USD, GBP/USD, AUS/USD, stocks such as Facebook, Apple, and many more, as well as commodities such as Gold, Silver, Oil and others. The best thing about the trading platform is that is completely web based and the trader never has to install or download any additional software.
For highly customized trades, Banc de Binary offers Option Builder, which is one of the newer features. Others include Ladder, Roll Over, Early Closure, and Double-up trade options. Banc de Binary’s trading platform is also available on mobile devices meaning that trades can be placed and managed from any location.
Option Expiry Times
Banc de Binary offers a variety of different option expiration times including 24 hours, 1 hour, 30 minutes, 15 minutes, and 60 seconds.
Banc de Binary offers several different account levels. The account levels assigned to investors depend on the initial investment amount. Each successive account levels offers benefits not available on the lower account levels. It is therefore better for investors to make an initial deposit of as large an amount as possible to avoid missing out on some of the best features the broker offers. Additional features include such things as quicker withdrawal times, learning tools, and an increased variety of assets available to trade. Accounts are divided into two main categories: Standard and Lion Premium.
The Standard accounts are divided into 3 main types:
The Bronze account is the most basic trading account available. The initial minimum deposit amount for this account is from $250 and runs up to $2,500. The Micro Silver account usually targets beginner traders and gives access to all trading instruments the broker offers, market news each day, and 2 high-quality educational webinars each month
The Silver account is for those that make a deposit of between $2,500 and $5,000. In addition to all the features available in the Bronze account, you will receive trading alerts, 10 days of a direct line to your account manager, and a 1-month subscription to Trading Central signals.
The Gold account is for those that make a deposit of more than $5,000. In addition to all the features available in the Bronze and Silver accounts, you will enjoy risk free trades, a 3-month subscription to Trading Central signals, and a session with an analyst.
The Lion Premium accounts are of two main types:
The Premium account is for those that deposit not less than $10,000. In addition to all the features available in the Gold account, you will enjoy a personalized educational program as well as first access to all the available options.
The Platinum account is for those that make a deposit of at least $25,000. For this account, you will enjoy 2 to 3 percent higher trade payouts, invites to Banc de Binary VIP events, and access to the premium trade room.
Banc de Binary has recently launched Exclusive accounts for those that make a deposit of over $100,000. However, this account is by invite only.
Banc de Binary offers exemplary customer service. The customer care representatives are thorough and very responsive. Email and live chat are the best ways to reach Banc de Binary’s customer service department. The customer service representatives can handle requests in different languages including English, German, Portuguese, Arabic, Japanese, Dutch, Italian, Spanish, and French.
Deposits & Withdrawals
The deposits are as discussed in the accounts section buy the minimum deposit for any type of account is 250 (GBP, EUR, or USD). You can make deposits using a variety of methods including Western Union, Money Gram, Wire Transfer, Skrill, and Credit cards.
Banc de Binary does not charge fees for withdrawing profits. If you are charged any fees, they are probably not associated with the Broker but rather your bank depending on its policy. The minimum withdrawal amount is however $50 and the length of time it takes for the funds to reach you will depending on the payment method you used to make your deposit. For example, if you are requesting for a withdrawal via credit card, you can expect to have your money in a few days while a wire transfer can take longer.
- Regulated broker
- A good variety of options
- Small minimum investment
- Excellent returns
- User friendly interface
- Variety of account options
- It is not available to users in the United States
Impressive is the term that anyone that has ever traded with Banc de Binary uses to describe it. You will find very little wrong with the broker. Banc de Binary deserves 2 thumbs up for the way it has put its website together and how it runs it.
Banc de Binary is highly recommended for those trading looking for an amazing trading experience. It is actually that good of a binary options broker. It is great for those traders that may not be satisfied with the broker they are trading with or those looking for a new place to trade binary options.
Review Verdict: Banc De Binary is NOT a Scam.