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Author: Jacob Bailey
Market Analyst
Jacob Bailey

Banc de Binary Review

Introduction

Introduction

Banc de Binary was established back in January 2009 in the wake of the global financial crisis as a way to provide a more natural way for investors to make money. Its mission was to provide traders with an experience that was not only profitable but simple.

This multi-award winning World Finance Company has based its whole ethos on simplicity with a company brand of "Simplicity Pays". So committed are they to keeping it simple that they base everything from the functionality of their platform to the types of trading they offer to just the bare necessities.

7 years on from their launch they now have over 250,000 account holders trading across 80 countries with access to global financial markets and 190 tradable assets. The site lets you choose which language to trade in from a choice of 8, English, French, German, Italian, Spanish, Portuguese, Russian or Arabic and the mobile site will automatically default to the most appropriate.

In this review, you will learn:

  • What account options are available to you
  • If their trading platform really is that simple
  • The bonuses and other features they offer
Banc de Binary Screenshot Banc de Binary Screenshot Banc de Binary Screenshot
Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

7.0
Account Types

As with most binary options traders, the account types are pretty straight forward. First of all, there are the Bronze, Silver and Gold, pretty standard accounts amongst most binary options traders with Silver tipped as their most popular account. More exclusive accounts are available to traders who have deeper pockets with a minimum of 10,000 dollars to invest. Disappointingly, they do not offer an official Banc de Binary demo account to practice with; we recommend you use another broker if needed.

As with most binary options traders, the account types are pretty straight forward. First of all, there are the Bronze, Silver and Gold, pretty standard accounts amongst most binary options traders with Silver tipped as their most popular account. More exclusive accounts are available to traders who have deeper pockets with a minimum of 10,000 dollars to invest.

Bronze Account

Open a Bronze Account with 250 dollars and get access to all 190 tradable assets with a minimum trade of $1. In addition to this, a Bronze Account holder will get daily market reviews and economic research as well as access to two monthly webinars.

Silver Account

In addition to what is offered with a Bronze Account the Silver Account, which will cost $2,500, gives the trader access to more feature. These features include a luxury store gift, direct line to an account manager for 10 days and 1 month of trading signals.

Gold Account

A deposit of $5,000 gives you access to a Gold Account and its benefits. These include unlimited access to your account manager with bonus protected trades from them and an introductory session with a Banc de Binary analyst.

Premium Account

For those more serious traders who want to open a Premium Account $10,000 is required and benefit from the many features that come with it like expedited withdrawals and first access to all options contracts.

Platinum Account

Open a Platinum Account with $25,000 and benefit from higher payouts and VIP invitations to events.

Exclusive Account

For 100,000 dollars and by invitation only, the Exclusive Account's details are not made available on the website.

Trade Types And Payouts

7.4
Trade Types And Payouts

The minimum trade is just $1 and as well as offering the traditional High/Low or Call/Put trading on whether the price of assets like gold will rise or fall in the next hour, Banc de Binary also offers the following trade types:

Pair Options

Choose between 2 assets and which will perform the best. This could be stocks, commodities or indices and may be gold vs silver or Google vs Facebook.

Long Term Options

Just like standard binary options but over an extended period. Instead of choosing whether the price of gold will increase within the next hour, it could be over the next week, month or even year.

60 Second Options

This trade type is for serious traders or those that are quick thinking. With 60 second or less expiry times, there is no time to mess about; it's seriously fast trading. The payout will depend on which type of account you hold with Platinum account holders seeing a higher return but generally it is 86%. Trade with 100 dollars and get it right and you will get back $186, get it wrong, and you lose your money.

They now have over 250,000 account holders trading worldwide in 80 countries.

Bonuses And Promotions

7.0
Bonuses And Promotions

As is usual with a binary options broker, the bonus depends on several criteria. Primarily it is down to the account manager's discretion, but generally, bonuses of between 50-100% are awarded meaning that if you start with $250 and are offered a 100% bonus you will have your deposit matched.

Other bonuses are available but not made common knowledge. They are at the discretion of the account manager and depend on the type of money you are depositing. There are bonus luxury gifts available for those opening a Silver account or above.

Mobile Trading

7.2
Mobile Trading

With today's reliance on smartphones, any reputable binary options trading platform cannot continue to succeed without a good mobile offering both in the form of a responsive mobile website and a mobile app.

Banc de Binary's desktop isn't complicated, but it does contain more pages and more information than their mobile website. The mobile site is a lot cleaner, simple and easy to navigate. With only 5 or 6 pages to choose from, it does precisely what you’d expect from a binary options platform on the go. That said if you had a particular question or wanted to do some more research, the desktop site will give you much more information about the broker.

As well as being mobile responsive to the device you are using Banc de Binary also have a mobile app available on both the Apple App Store and Google Play. This app works seamlessly across all iPhone, iPad and Android devices.

Deposits And Withdrawals

7.2
Deposits And Withdrawals

With a commitment to being simple, Banc de Binary offers a simple deposit and withdrawal process.

Once the account holder has opened an account and logged in the deposit option becomes available on the screen. Funds can be deposited via credit or debit card, bank wire transfer (both domestic and international) and Skrill. The minimum deposit is $250 and once deposited, the funds can be used to trade immediately.

Before you can make a withdrawal, Banc de Binary will require proof of ID such as a driver's license or passport, following these guidelines ensure you don't fall foul of any withdrawal problems. No deposit smaller than $50 can be made.

Withdrawing money is simple; you click withdraw, enter the amount and submit. It will then take up to 5 business days to process and then a further 2-3 days to reach you. This applies to debit/credit card transaction, bank transfer and Skrill. There are no fees for withdrawing funds. With the Premium and Platinum Accounts, expedited withdrawals are available.

Special Features

7.6
Special Features

The education tools on offer have to be one of the key features of Banc de Binary. Go to the mobile site and click on videos, the first video you are greeted with is Binary Options for Beginners, Ep 1, "What are Binary Options?" You are then given the option to click through for more videos at which point you are taken to YouTube where there are no less than 10 videos under the title "Binary Options for Beginners."

As well as a dedicated education section, there is also a section of their website offering market analysis with useful videos and an economic calendar.

Trending Pages

Customer Support

7.4
Customer Support

Open up the website on your desktop and the left in a prominent position is a Live Chat box. You don't have to scroll down the bottom of the page to find a tiny link in the small print. Help is on hand and easily accessible.

The "Contact Us" tab will give you a list of contact options from calling, e-mailing, live chat and Skype. There is also a named contact for customer relations with a telephone number and address.

On the mobile site, the Live Chat options are not available. However, there is a call button to allow you to call a representative and a list of numbers for the country you want to call are shown.

Here are the contact details for Banc de Binary:

  • Email - cs@bbinary.com
  • Phone - +357 25 254 977
  • Address - Kanika International, Business Centre, Office 401, Profiti Ilias 4, Germasogeia, 4046, Limassol, Cyprus

Conclusion

7.3
Conclusion

Let's sum up our Banc de Binary review here. Banc de Binary is very keen to point out that they are focused on offering a profitable yet simplistic trading experience. Their functional, clean mobile offerings are certainly simple and user-friendly, their customer support is clear with many options available, and their accounts seem to offer everything the trader could need. The bonuses and payouts are comparable with other binary options traders, and the little touches of luxury gifts and VIP invitations add further value to their traders.

We look at a lot of areas when reviewing a broker, and beyond the odd complaint, as expected within any industry we couldn't find any evidence of a scam. From our findings they operate a perfectly legit and honest brokerage.

They appear to have made every attempt to engage with traders of all abilities from those that have never traded before to those that live life in the fast lane with the 60-second trades. This is evident from the various training tools on offer.

Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

FAQ

Is Banc de Binary legit, will they scam me?

Banc de Binary is a regulated and licensed broker and has a good reputation in the Binary Options industry. We only recommend brokers that have been vetted.

Do they have a decent mobile or tablet app?

As well as their desktop offering Banc de Binary also has a mobile optimised website which is very intuitive and easy to navigate for trading on the go.

What bonus do they offer new traders?

Banc de Binary offers a very generous first time 100% deposit when you deposit $250 or more. This is higher than offered by other brokers who more commonly offer 20% for $250.

Can I start trading on a free demo account?

Once you have opened a Banc de Binary trading account, you get access to the demo account and can use the virtual money to trade.

What's the minimum deposit and trade amount?

The minimum deposit, much like with many brokers, is $250. They also offer traders the opportunity to trade with as little as $1, which is pretty rare.

Meet The Author
Jacob Bailey
Jacob Bailey
Market Analyst

Jacob has been an author for us since our launch in 2012. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations. Learn more.

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