Banc De Binary is one of the largest binary options brokers in operation at this time. This privately owned investment firm currently operates in over 80 countries. The company is headquartered in New York City in the heart of Wall Street. Launched in 2009, Banc De Binary is one of the veteran brokers in the industry and as such, offers a great deal of transparency in what they have to offer.
Banc de Binary Trading Platform Features
The Banc De Binary platform offers completely online trading from a single page with tabs. One of the most interesting platform features is the ability to quickly see which binary options trades are most popular at any given time. This feature may be particularly beneficial to novice traders in search of direction. This standard platform is referred to as the Digital Option Pro.
Digital Options Pro - Trading Room
Binary META – Trading Room
There are four additional platforms made available, including Option Builder, One Touch, 60 Seconds and BinaryMETA. The platform software is powered by SpotOption, with the financial data feed being streamed directly from Thomson Reuters. Mobile trading via the iTrading app for smartphones and tablets is also available. This app can be downloaded free of charge once an account has been opened with Banc De Binary.
Banc de Binary Trade Types
High/Low and Touch trades are all available from Banc De Binary. The Option Builder feature may also be used with these various trade types. This feature allows for the creation of custom trades, with the trader in control of the parameters. Several different expiry time options are provided, with 60 second trades being the fastest available method of trading. Lengthier expiration times of up to 24 hours are also available.
Range of Option Types
Banc De Binary is currently offering over 90 underlying assets within the commodity, currency, stock, and indices asset classes. There are 40 stocks to choose from, including major names such as Apple, BP, Google, IBM, Toyota, and more. There are also 12 currency pairs, 8 commodities, and 20 Indices to choose from. Banc De Binary does welcome requests for the addition of specific underlying assets. These requests should be submitted via email to: firstname.lastname@example.org
Banc de Binary Payout Percentages
Banc De Binary offers payouts on successful binary options trades that end in the money in percentages ranging from 70-91% on Digital Options Pro. Trades which end out of the money result in zero returned of the investment amount of each trade. At the money trades result in the trader receiving a full refund of the investment amount. Single options can be purchased for as little as 1 EUR/USD, with 3,000 EUR/USD being the maximum investment amount allowed on a single binary options trade.
The minimum deposit amount required to open a live trading account is $250. This amount is for the standard “Micro” trading account only, with additional amounts being required in order to open higher level accounts. Standard Gold, Personal Broker Reserved, and VIP Lions Club accounts are also available. Each of these provide additional benefits in addition to the benefits offered with the standard accounts.
Range of Account Types
Deposits can be completed via bank wire transfer, credit card, third-party credit card, and MoneyBookers. There is no maximum deposit amount in place. However, re-deposits must be made in amounts of $250 or greater. US dollars and Euros are the only currency types accepted. SSL with 256 BIT Encryption is used to render financial data secure, with Banc De Binary insuring all transfers up to $250,000.
Banc de Binary Withdrawals
Credit card, bank wire, and MoneyBooks are the available withdrawal methods. Withdrawal requests are processed within 2 business days, with deposits being received no longer than 5 business days after this time. MoneyBookers withdrawals are typically deposited as soon as the request is processed. Credit card and bank wire withdrawals should arrive in the designated account within 2-5 business days.
Unlike many brokers, Banc De Binary does not charge fees on withdrawals. Binary options traders who use this broker are free to withdraw all profits as often as they wish. First time withdrawal requests will need to be submitted along with proof of identity in order to prevent fraud. Proof of identity can be submitted via email.
Banc de Binary Customer Service
Banc De Binary offers telephone, live chat, email, and Skype chat support. Live support is offered 24 hours a day, with support being offered in 7 languages including: English, Arabic, Cantonese, Mandarin, Japanese, Russian and Spanish. Country specific phone numbers are posted on the website in the “Contact Us” section. This section also contains links to all available methods of customer service contact.
Banc de Binary Trading Tools
In this area, Banc De Binary truly excels. The education section of the website is loaded with trading information. Free training videos, binary options e-book, audio book, and live assistance are all available. These cover everything from the basics to advanced strategies and techniques. Previously, Banc De Binary did not offer demo accounts, but this has changed. Any trader can now request free $50,000 demo account to use to learn how to trade and how to use the platforms.
Trading Tools Provided Free
Banc de Binary Scam Alerts
Banc De Binary offers such a high level of visibility and transparency that a scam going undetected would be virtually impossible. This broker is used by many binary options traders and is widely viewed a extremely reliable. There are no red flags or major warning signs to report.
Banc de Binary – Master Verified Broker 2012, 2013