Broker Name: Banc de Binary
Platform: SpotOption Platform
Return/Refund: 70 to 88% Returns/ 0 – 15% Refund
US Traders Accepted: No
No. Of Assets: 90
Demo Account: Free demo account available
Deposit Options: Wire transfer, credit cards, and MoneyBookers.
Minimum Deposit: $250
Banc de Binary makes use of the SpotOption platform for their trading platform and this is actually one of the most intuitive and easy to use platforms available. There are currently seven different trade types that the Banc de Binary offers and these are the Long Term, High Low, One Touch, Option Builder, 60 Seconds, Pairs and the BinaryMeta.
You will find tabs on top of the user interface allowing you to easily switch from one trade type to another. As soon as you click on the trade type, you will be able to see the various assets available to trade.
Banc De Binary has the most intuitive and easy to use trading platform. The tabs easily direct traders to a certain trading style, either 60 second option or the One Touch option.
What makes them to truly excel is that they have made all possible efforts to ensure that their traders will be able to fully understand how things are working. On their website, you will find an audio explanation of how things are to be done, along with a video presentation as well as an ebook. The traders could easily take their pick from the tutorials just to make sure that they are fully comfortable with the service before they start to trade.
Perhaps, the only thing that will discourage traders from their site is those annoying pop-ups that keep on appearing when you navigate through their site.
[success]No. of Assets and Expiry time[/success]
Currently, the Banc De Binary has about 90 assets available on their platform. Traders can choose from stocks, commodities, indices as well as currencies. The best thing about them is that the traders will have the option to request for assets in their platform for those that are not readily available. They do this to make their customers fully satisfied because their primary goal is their customer’s satisfaction. You can see all assets in a live view diagram.
This is one of the reasons why they are hailed as one of the leading brokers for several years now. All of the usual expiry times are offered, and this includes the One Touch trading, 60 seconds trading, as well as the Option Builder that will let you select your own expiry time.
Commissions, Support (Customer Service) and Effective return
The Banc De Binary will not charge any fees for every deposit made although there will be a charge if you choose to withdraw right before you place any trades. The percentage could go up to as much as 7 percent and they will not charge you anything for withdrawing. However, there might be some fees you could end up paying for bank transfers and other options for withdrawal that you’ll choose.
Their customer service team is very alert and courteous as well and you will get all the support that you need. In fact, they have once bagged the 5 Star Customer Service award, all because of the excellent service that they provide for all their customers. According to their website, their effective return could go as high as 91%.
Deposit and Payment
The minimum deposit amount for Banc De Binary is $250 and the deposit can be completed in various ways, either through MoneyBookers, Credit Card, Wire Transfer, as well as AlertPay. You can also receive your payments in the same way, meaning via the same options that you can choose from when making a deposit. So if you have made your deposit through a credit card, then you can withdraw your payment on the same credit card.
There is an extra section on their website which focuses towards educational materials, which is definitely a great thing especially for new traders. The website also features an FAQ section which answers everything related to trading, so traders can refer to this if they have any doubts or if there are things not clear to them.
Banc De Binary also provides clear information on their site on how to deposit and withdraw funds, which serves as guidance to all traders. They also have a daily market review feature on their site, although it is not often updated.
There are indeed lots of advantages if you choose Banc De Binary out of other brokers for binary option trading. Among these advantages are the following:
- Wide variety of binary option types.
- Easy to use website with clear tabs.
- They have a huge list of assets.
- They focuse on providing satisfaction to their customers.
- Their customer service team is highly exceptional.
There are only a few drawbacks that you can find with Banc De Binary and these are some of them:
- The daily market review section on their site is not often updated.
- Their education section lacks information and needs to be improved.
- They do not accept traders from the US.
- Annoying pop ups keep on appearing on their site.
Banc De Binary indeed is among the best names when it comes to the industry of binary options trading. All the great services that they provide have somehow helped to entice clients to sign up with their company. They also offer first time deposit bonus of as much as 100% of the amount deposited.
The platform interface on their site is so easy to use and the platform offers a huge selection of assets and trade types. Unfortunately, the Banc De Binary will not accept clients from the United States. Overall, it is safe to conclude that the Banc De Binary is one of the best choices when it comes to binary options trading.