Banc De Binary Review: Low-touch, Scam-Free Binary Trading
As a broker founded in the wake of the 2008 financial crisis – a time of rabid panic and fear in the financial markets – Banc De Binary clearly has a bullish philosophy ingrained in its culture. The broker, a sponsor of Liverpool football club, has grown to have clients in more than 80 countries providing binary option services to 250,000 account holders. This review has found that the specialist binary options provider has set out to become an industry leader and attract a wide range of investors. Professional, high-volume traders have the bonus of being eligible for its VIP account services while novice investors can use the portal for their first foray into the markets. Realmoney.co.uk takes an in-depth look at the complete Banc De Binary offering.
.Cash in with100%*Welcome bonus
Trade binary options across global markets
Unlimited demo account features
Trade in demo mode with £50,000 of virtual cash
Trade more than 100 different assets
Incentives for New Customers
Banc De Binary offers a variety of new bonus incentives for opening a trading account. These bonus offers are agreed with a customer account manager on a case by case basis. The bonus is linked to the size of an initial deposit and trading volume. For an account with £250, a 100 percent bonus means an extra £250 to trade, according to the broker. Banc De Binary says bonuses can range from between 50 percent and 100 percent. These deals represent scam-free bonus offers to consider.
Banc De Binary: The Complete Offering
This review found that Banc De Binary offers a variety of platforms for trading different types of binary option products. The Digital Options Pro platform enables you to trade a range of binaries with different expiration times, depending on the asset. These options can expire by the hour. The Long Term platform, as the name implies, enables you to trade binaries over longer time periods which could involve holding an options position for months at a time. For ultra-short-term trading, the ’60 Second Platform’ enables investors to capitalize on rapid short-term price fluctuations while users can also make hourly bets on price movements. An expiry date can also be set for months in the future for investors taking a more long-term view. The broker offers its clients a percentage pay out of between 72 percent and 90 percent. Meanwhile, the ‘pairs’ platform provides traders with the opportunity to put two assets against each other and forecast how they will perform. The assets available to trade include major currency pairs such as EUR/GBP and EUR/USD. Users can also speculate on the direction of the oil price and other major commodities along with heavily traded stocks such as Apple, Google and Vodafone. The platform also offers a variety of indexes to trade, including the FTSE 100 and Nikkei 225.
Mobile Trading App
Banc De Binary offers clients a mobile trading app which enables users to scroll seamlessly between different screens to make a trade and manage their investment portfolio. The app provides users with live streaming prices along with a full transaction history and options for placing a deposit. Trades can be opened on the move while live charts for currencies, stocks, commodities and indices are also available. The app is available for the iPhone on operating systems equipped with iOS 6.0 or above and Android devices equipped with operating system 2.3.3 or above.
Banc De Binary Trading App:
Trading platform especially adapted for mobile
Free trading educational materials and videos
Live graphs and updating rates from Reuters
Instant access to account with full transaction history
Live customer support
Banc De Binary offers traders a Strategy Advisor device, which provides either a call or put prediction based on RSI, Moving Average or Bollinger Bands. Users select their preferred method of calculation and the platform will generate a prediction after a ten second countdown. This service is only available on the Binary Options mode trading platform and is not suitable for the ultra-short term or long term plays.
The broker also offers a range of trading tools to help inform investors’ decision-making process. By placing your mouse above the price chart you’ll obtain access to information regarding the specific date, time and strike rate of the asset currently being traded. Traders can also take a candlestick view of the markets, switching their view between the short term and long term price movements. A division into minutes, hours and days is also available.
BREAKDOWN BY NUMBERS:
- Minimum deposit of just £250
- Risk minimum £1 per trade
- Minimum deposit of £500
- Up to 500% profit per trade
- More than 25,000 customers
The broker also offers users video courses and a free e-book which can be downloaded from the website. The book opens with a quote from Oren Laurent, the founder of Banc De Binary, in which he celebrates the democratization in the financial markets that technology has engineered. “Everyone can trade the world around them in the simplest way possible – up or down – whether they are trading on their country’s currency, their favourite tech firms or the coffee they drink.” The e-book has been designed as a comprehensive guide providing users with everything that they need to know to trade with a binary options broker.
Trade Binaries in Demo Mode
Banc De Binary offers users a demo account that is free of charge if £250 is deposited (the initial deposit can be withdrawn after experimenting with the demo account). Practicing with the demo account is a good way to familiarise yourself with the platform. The demo account is funded with the equivalent of $50,000, enabling users to practice myriad trading strategies before real cash is put on the line. The demo account also lets you practice with the various trading tools available on the platform. Here you can learn from your mistakes without putting real money on the line. This can be particularly useful if curiosity about binaries and the incentive of an attractive bonus has helped persuade you to open a trading account.
Secure Place to Invest
Banc De Binary is operated by Banc De Binary (Cyprus) Ltd, a Cyprus Investment Firm, licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license no. 188/13. It is this type of regulatory backing that you should always check for before opening an account with any broker as part of your own due diligence process to avoid scam outfits. Sadly, fraudulent and scam brokers are trying to win your business. Banc De Binary offers scam-free trading and customers have a variety of channels of communication with the broker to ensure that all their inquiries are answered. A customer with an account query can contact a customer relations manager either by telephone or e-mail. The broker also provides instant answers to typical questions clients ask on its website along with a live online chat service.
- Telephone:+44 207 099 2097
- Email: firstname.lastname@example.org
- Live Chat:Yes
- Contact form:Message Service
Payment MethodsVisa, MasterCard, bank wire transfer, Skrill, WebMoney, CashU, AstroPay, YandexMoney etc
Bank on a Binary Bet?
Binary options provide traders with a clear and transparent way of trading financial markets. The ethos of Banc De Binary epitomises that of a broker seeking to attract newcomers to the market. If you haven’t traded before, this review found that this is a broker that provides robust customer service while the regulatory supervision provides the necessary safeguards. This is a safe place to invest in an industry where scam outfits operate at the fringes. The Banc De Binary bonus deals are further incentives for opening an account. Meanwhile, the range of educational resources that it provides will help less experienced traders familiarise themselves with binaries and other online brokers on the financial markets. Still, the homepage is text heavy and crammed with information. Novice traders may find the format somewhat intimidating despite the range of services offered by the broker to make trading accessible. This is clearly a scam-free trading portal. Those who do successfully navigate the website will see that the broker offers an impressive range of binaries that include a host of the major investment assets traders love to place bets on. The provision of a demo account and educational tools also shows that the platform is mindful of the needs of traders that would prefer to dip their toe into the water first. If you are considering trading these transparent and user-friendly products, Banc De Binary is a broker to seriously consider.