Banc de Binary Review 2018
Banc de Binary does not accept new customers from US.
We recommend you check out our top rated list and sign up at another provider instead.
- US Traders
- 190+ Assets
- 3-5 Day Payouts
- Mobile Friendly
- Low Deposit
Banc de Binary was established in January 2009 in the wake of the global financial crisis as a way to provide an easier 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 have in fact based their 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.
How do they compare to other leading brokers? In this Banc de Binary review you'll find out:
- What account options are available to a new account holder and how to choose
- If their trading platform really is as simple as it claims and also profitable
- What bonuses, incentives and other features they offer to their online traders
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.
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 financial research as well as access to two monthly webinars.
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.
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.
$10,000 is required for those more serious traders who want to open a Premium Account and benefit from the many features that come with it like expedited withdrawals and first access to all options contracts.
Open a Platinum Account with $25,000 and benefit from higher payouts and VIP invitations to events.
For $100,000 dollars and by invitation only the Exclusive Account's details are not made available on the website.
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 offer the following trade types:
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 of time. 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 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 quick 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.
Bonuses And Promotions
As is usual with a binary options broker the bonus depends on a number of criteria. Largely 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 in fact 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.
With today's reliance on smart phones 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 exactly what you need 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
With a commitment to being simple Banc de Binary offer 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 a withdrawal can be made Banc de Binary will require proof of ID such as a driver's license or passport, following these guidelines ensures you don't fall foul of any withdrawal problems. No deposit smaller than $50 can be made.
Withdrawing money is simple, you simply 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.
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 You Tube 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.
Binary Site Reviews
Open up the website on your desktop and on 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 is 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.
Let's sum up our Banc de Binary review here. Banc de Binary are 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 possibly 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 this industry we couldn't find any hard evidence of 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.
Reviewed by: BinaryOptionsExpert.net
Frequently Asked Questions
Is Banc de Binary legit, will they scam me?
Banc de Binary are a regulated and licensed broker and have a good reputation in the Binary Options industry. We only recommend brokers that have been vetted and ensure that all aspects of their trading platform have been tested. We trade with them ourselves to test the platforms and various features that they have to offer before making our recommendations to you, the trader.
Do they have a decent mobile or tablet app?
As well as their desktop offering Banc de Binary also have a mobile optimised website which is very intuitive and easy to navigate for those who like to trade on the go. For ease of access and notifications there is the mobile app for iOS and Android phones available from the App Store and Google Play. Choose which format best suits your trading style and how you like to operate whilst on the move.
What bonus do they offer new traders?
Banc de Binary offer a very generous first time 100% deposit when you deposit $250 or more. This is much higher than offered by other brokers who more commonly tend to offer 20% for $250 deposits only rising to 100% match bonuses when higher money is at stake. To protect the broker from losing lots of money from those who sign up to get the bonus and then withdraw their funds without trading the bonus must be traded a certain amount of times before a withdrawal can be made.
Can I start trading on a free demo account?
Brokers don't want first time traders to open an account, make the deposit, lose their funds, get disheartened and then stop trading. They want traders to be successful so that they continue to trade. This is why many brokers offer 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 with.
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. Yes the minimum required per trade is $1. This allows the trader to get comfortable trading with lower amounts and getting used to the highs and lows of trading until they are confident with higher volumes. Not many brokers offer 100% deposit match and $1 minimum trades.
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