Banc de Binary is one of the most experienced and popular binary options companies in the world. They are established in Cyprus, and were launched back in 2009. Furthermore, it is a company that won multiple awards, becoming a leader in the trading market.
What is Banc de Binary?
Banc de Binary is one of the most experienced and popular trading platforms in the world. The company provides plenty of learning materials for new traders, including a trading encyclopedia. The firm was licensed by CYSEC, and it offers a truly reliable software.
This trading company was launched in Cyprus, in 2009. It has created both a mobile app and a demo account type. All new traders that sign with this platform are required to deposit at least 250 dollars to get started. Furthermore, Banc de Binary has an international activity. However, it is not available in a couple of countries such as the United States and Australia.
The firm was the first trading company to be regulated and licensed by CYSEC. It has registered customers in more than 80 countries all over the globe. Most of the clients are very satisfied with their services, stating that Banc de Binary is a trustworthy trading company.
Banc de Binary Account Types
Like any other trading company, Banc de Binary offers several account types, depending on the amount deposited by the traders:
- Micro Silver. This is the entry level type of account for which the minimum deposit has to be between 250 and 5,000 dollars. The company recommends this account for beginners and inexperienced traders. You can start with this account type to spend less money while you figure out the way the platform works.
- Standard Gold. The initial amount of money you are required to deposit ranges from 5,001 dollars to 35,000 dollars. If you have gained a little more experience and you find yourself at a whole new level of confidence, you should choose this account type.
- Personal Management. The minimum initial deposit level is situated between 35,001 dollars and 50,000 dollars. This account was specially created for those traders who have a higher level of experience when it comes to the financial world.
- Premium account. This is the highest level of accounts or the VIP type. You must deposit at least 50,000 dollars to be able to get started. If you are a full-time expert on the binary options trading market, then this is your kind of account.
- Islamic Trading account. Besides the classic and common account types, Banc de Binary also provides the possibility to choose an Islamic Trading account. This is specially customized for Islamic clients, and it takes into consideration the Hibah faith.
Banc de Binary Demo Account
The company offers the possibility to open a practice account. This is a magnificent learning tool. You can gain experience while discovering the insights of the trading market. Furthermore, there is no risk involved. You will use virtual money to operate trades.
This is truly a significant competitive advantage that helps new traders test the features and options of the software. The demo account is free of charge, and once the limited time of availability passes, you can simply withdraw your initial deposit and close the account. Otherwise, if you enjoyed trading, you can continue with the company’s services by creating a real account.
A small initial amount of 250 dollars is needed in your account to get started, though. However, you will not be required to spend this money. Your practice account will be funded by the company with 50,000 units. However, these units are not true money but virtual ones.
Banc de Binary Bonus
The trading company offers at least three main types of bonuses to its customers. An initial bonus can reach up to 100 percent, depending on the amount you have deposited. Besides the welcome bonus, the trading firm also offers referral bonuses. Therefore, whenever you attract someone that you know into signing up with Banc de Binary, you will receive a truly motivational bonus.
The third type of bonuses is the special event ones. These are announced, and they are regulated by the company, which has full power over them. However, to cover itself from scam traders, Banc de Binary requires you to trade a certain amount of money, before actually offering you a bonus. Make sure to carefully read all their terms and conditions before you sign up and become eligible for a bonus.
Banc de Binary Minimum Deposit and Minimum Trade
The minimum deposit for all new traders is 250 units. These units can be placed in more than just one currency. You can set an initial deposit using US dollars, Euros or British pounds. They offer plenty of methods through which you can place the money: electronic payments platforms, bank wire transfer, and credit or debit cards.
If you choose to use the wire transfer option, you will have to pay a minimum of 1,000 dollars, even if the smallest initial deposit is only 250 dollars. Banc de Binary is one of the trading companies with the smallest investment possible. You can invest as low as one dollar.
Banc de Binary Withdrawal
When it comes to the withdrawal process, the platform offers extremely convenient options, just like in the case of its deposits. There are two simple steps to take your money out from the account: sign in, and select the “Withdraw” option.
The usual withdraw processing time can take up to seven business days, which can be a bit long compared to other competitors. However, this trading platform is more reliable, and you will always get what you requested.
Banc de Binary Types of Binary Options
The company is versatile when it comes to binary options trading. It provides its customers with plenty of trading methods, even though the classic High/Low is the most used one:
- Call/Put. The company has labeled this method as a classic and common Binary Option.
- 60 seconds. This binary option is a short them one. However, it works mostly when you trade currencies.
- Pair options. Even though their payout levels are impressive, there are not many choices when it comes to pair options.
- Special methods. In this category, the company included both One Touch and Long Term binary options. They reach good payout rates.
Banc de Binary Mobile App
The platform is mobile-friendly. The company has even developed an app that functions on both Android and iPhone devices. Furthermore, the mobile platform is a highly responsive and intuitive one. Therefore, any trader that chooses to make operations on the go can rest assured the portal will work without any problems. You can download the app from the company’s website.
Furthermore, by using such a modern, top-notch technology, the mobile app will help traders maximize their profits. Using this free app, all clients can trade more than 200 assets such as commodities, stocks, currencies, as well as indices. The app provides instant access to your live account. Moreover, the app has its history of your transactions.
Banc de Binary Complaints
There are not many complaints regarding the Banc de Binary’s services. They have one of the best customer care from all the trading platforms. There are two main ways in which you can contact them to request more details about your activity or to make a complaint. You can either use their live chat or send them an e-mail.
However, they have also created a special phone line which is free for their customers. You can get in touch with a company’s representative even on Skype or send a fax. All the lines are available 24/7. Moreover, the help desk is multilingual. There are eight languages covered by their customer care department.
Is Banc de Binary Legitimate or Scam?
Banc de Binary is not a scam. Due to its many reliable services as well as to its license and regulation, this trading company is completely trustworthy. Furthermore, they are one of the market’s leaders and innovators when it comes to trading platforms.
The firm is regulated by CYSEC. Therefore, you don’t have to worry about the safety level of your transactions. However, this doesn’t mean you shouldn’t be careful with the way you invest your money. First and foremost, always read all the terms and conditions, as well as other stipulations made on their website.
Banc de Binary Pros and Cons
Like any other trading platform, Banc de Binary has both pros and cons. However, you will have a hard time finding real disadvantages. This company is one of the best in the trading market, and this is shown through their plenty of benefits and perks.
Banc de Binary Advantages
- Highly motivational incentives as well as a deposit bonus.
- A lot of flexibility when it comes to their trading options.
- High levels of return on investment.
- An easy-to-use platform.
- The minimum investment is only one dollar.
- A great level of account customization.
- Reliable and legit trading company.
- A multilingual customer support, available 24/7.
Banc de Binary Disadvantages
- The platform is not available in the United States and Australia.
- Sometimes, the rate of return can be a bit lower than expected: less than 82 percent.
Successfully Trading with Banc de Binary
BancdeBinary is a good choice when you want to start transitioning to the binary options market. It has years of experience and successful trades. Furthermore, it offers plenty of perks such as bonuses and a free demo account. The firm has managed to develop an excellent customer support which is not only available 24/7, but it is also multilingual.
Due to all these, and to its modern technologized platform, the company became very popular, even soon after its launch. The portal guarantees 100 percent safe trades. If you gain experience by using their demo account, you will be able to make cost-effective operations.