Banc De Binary is a binary option seller licensed in Cyprus. They have been offering their products since 2009 and developed a very good reputation among traders. Free e-books and free audio books are available for traders, from beginner’s level and up. Regrettably, Banc De Binary does not offer trading on mobile devices (smart phones or tablets).
If you want to try out Banc De Binary completely risk free, contact customers support and ask them to set up a mock-account for you with $50,000 in play money.
Short info about Banc De Binary
|Licensed by||Cyprus Securities Exchange Commission (CySEC)|
|Languages||English, German, French, Spanish, Italian, Arabic, Mandarin, Cantonese, Japanese|
|Compatibility||Web browser trading, so it doesn’t matter if you’re on a Mac or PC|
|Streamed news feed||Yes|
|Minimum deposit||250 USD|
Your 1st deposit bonus depends on which account type you open.
Micro Silver Account: 25% 1st deposit bonus
Standard Gold Account: 100% 1st deposit bonus
Personal Reserved Account: Contact customer support prior to your first deposit to negotiate your bonus
VIP Lions Club Account: Contact customer support prior to your first deposit to negotiate your bonus
Other accounts: Contact customer support prior to your first deposit to negotiate your bonus
At Banc De Binary, you do all trading directly in your web browser. There is no client to download and install, so it doesn’t matter if you are on a Mac or on a PC with Windows. The platform is easy to navigate and there are plenty of guides available for anyone that wants to learn more about the platform and all the available features.
Banc De Binary does not offer apps for mobile trading, nor any special website adapted for mobile use. On some mobile devices, you may be able to access Band De Binary anyway by using the device’s web browser. This is far from ideal, since navigating a standard web site on mobile device can be quite cumbersome.
Four different account types are available. Special accommodations can be made if you want your account to be sharia compliant and prepared for the possibility of receiving hibah.
Here are the four account types available at Banc De Binary:
- Micro Silver AccountThis is a good account for beginners that haven’t traded with binary options before. You get a 25% deposit bonus.
- Standard Gold AccountThis is also a good choice for beginners, but you need to deposit a minimum of $2,501 to get a Standard Gold Account. You get a 100% 1st deposit bonus.
- Personal Reserved AccountThis account type is popular among traders with previous experience from binary options trading that wants to have access to a lot of information services and advanced tools. You need to deposit a minimum of $5,001 to get a Personal Reserved Account. Contact the customer support prior to your first deposit to negotiate a 1st deposit bonus. Examples of perks that come with this account type are dedicated account manager, VIP support, market prognosis service, and a trading signals feature.
- VIP Lions Club AccountThis is the most exclusive of the Banc De Binary accounts and it comes with some serious benefits and perks. If you want to start out on this level, your first deposit must be $50,000 or more. If you first deposit is $100,000 or more, you get access to special perks.As a VIP Lions Club Account holder, you receive a special club card that is accepted by many hotels and other establishments within the hospitality industry.
Banc De Binary has a nice selection of binary options, but they do not sell any binary options with very short life-spans, such as 30 second binary options or 1 minute binary options. At Band De Binary, the binary options with the shortest lifespan are the 15 minute binary options.
A very interesting feature at Banc De Binary is the options builder. With the options builder, you can build your own binary options, within certain parameters of course. You can adjust factors such as the maturity time of the option and the risk level.
Three popular standard binary option types at Banc De Binary:
- The classic binary optionThis is the basic binary no-frills option.
- One Touch Binary OptionYou get paid if the underlying instrument reaches a certain point at any time during the lifetime of the binary option. Within this category, you can find some binary options that pay really well when they pay, i.e. 500% or more.
- Stock vs StockWith these binary options, your task is to correctly predict which one of two different stocks that will be the most successful one.
Underlying financial instruments
Binary options are available based on company shares, indicies, currency pairs, and commodities.
- BNP PARIBAS
- BRITTISH AMERICAN TOBACCO
- CITI GROUP
- COCA COLA
- DANONE SA
- DEUTCHE TELECOM
- FRANCE TELECOM
- GOLDMAN SACHS
- HSBC HOLDINGS
- JPMORGAN CHASE
- LOUIS VUITTON
- MERCATO FOREX
- PUBLICIS GROUPE
- RIO TINTO
- S.BANK INDIA
- SAB MILLER
- TAT MOTORS
- VIVENDI SA
- Oil (brent)
- BOMBAY SE
- FTSE 100
- HANG SENG
- NASDAQ FUTURES
- NIKKEI 225
- S&P 500
- SSE 180
- STRAITS TIMES
- TEL AVIV 25
Banc De Binary offers phone support, live chat and email support. Emails are sent through the form on the site.
Instead of calling the Banc De Binary support, you send them your phone number (e.g. via live chat) and ask them to call you. This way, you don’t have to pay for the call and you never end up in a phone queue.
Deposits and withdrawals
Example of transaction methods accepted by Banc De Binary:
- Bank transfer
- Alert Pay
- Western Union
The smallest possible deposit is 250 USD.
Banc De Binary has a good reputation online and is especially praised for all the tools available in the Banc De Binary platform. Learning how to use these tools and applying them correctly in your decision making process can really help you become a more profitable binary options trader.
When Banc De Binary is criticized, it is usually the payout level that is under fire. For most binary options sold by Banc De Binary, the payout level hovers right above 80%.
N.B! If you want binary options with a shorter lifespan than 15 minutes, Banc De Binary is not the right platform for you.