Banc de Binary Review
- July 21, 2016
- Binary Options Broker
- Comments Off on Banc de Binary Review
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Notice: In late 2016, Banc De Binary closed its doors and is not longer accepting customers. The company had been struggling with reputation issues for some time, and the owners felt that it was time to bury the brand. While we did not have clients who were specifically impacted, we applaud low-quality brokers who chose to leave this business and stop generating bad press for the industry.
That said, you will find many other reputable options for trading binary options here. If you are looking for a fun and easy place to trade, look at IQ Option, if you are looking for a more traditional binary broker look at 24 Option, and if you want to trade on a binary options exchange completely bypassing brokers at all, then look at Daweda Exchange.
Banc de Binary was founded in 2009 during the financial crisis. They provide simple trading solutions for those just getting into binary options trading and those who have been doing it for some time. Their online trading platform provides service to over 250,000 account holders in over 80 countries around the world. This award-winning platform is fully regulated in the EU.
Since its foundation in 2009, Banc De Binary has quickly risen to the very top of the binary options industry. The company has many distinguishing features, including an intuitive and easy-to-use trading platform, high potential payouts ranging from 70% to 90%, an in-depth education center geared to enable traders to reach their maximum potential, an award-winning customer service, and a variety of over 200 assets to choose from.
This platform has various different accounts for those with different budgets. The more you deposit the more support you will have access to.
- Demo account – This allows you to get to know the platform and how it works without the risks of opening a normal account.
- Bronze account – Minimum deposit of $250.
- Silver account – Minimum deposit of $2,500.
- Gold account – Minimum deposit of $5,000. With this type of account, you will get the added bonus of being able to have a private meeting with an analyst.
Banc De Binary has a unique bonus system. Upon registration, traders are offered a special bonus. In addition, exclusive seasonal bonuses and special promotions are offered from time to time. Thanks to these bonuses, traders have the opportunity to increase the volume of the funds at their disposal, thus improving their potential for greater profits.
First Time Deposit
Once an account has been opened, Banc De Binary offers eligible traders the opportunity of receiving a 100% bonus on their initial deposit. For example, a trader that deposited $250 on their first deposit, they can be entitled to a $250 bonus. This means that they’ll have $500 in their account, which can be used to place multiple trading investments. The bonus scales up with the deposit.
The bonus system is but a small indicator of Banc De Binary’s commitment to its trader’s success. The company essentially shares the risk with its clients by contributing to their funds.
Bonus Protected Trade
Should a trader choose not to claim their 100% bonus upon deposit, they have the opportunity to gain bonuses that protect their trades. The client has a frame of three trades from deposit to claim this unique bonus.
This bonus means that during the trader’s first three trades, Banc De Binary protects the client, so if one of these three trades turns out to be unsuccessful, the client could claim the bonus for the same amount of money that was placed in the trade. Whether it’s $1 or $200, it will be restored to their account.
There may be other bonuses that will be offered for traders as they make their journey with Banc De Binary. These unique opportunities will be seasonal rather than permanent, and may be offered via email or special promotions, so keep your eyes opened for them.
Banc De Binary allows its clients to withdraw their funds from their accounts at any given time, a policy that is far more lenient than that of other companies in the industry. Clients who want to withdraw their funds including the bonuses, a trader will need to earn the total amount of his deposit and the bonus, times twenty. If a client wants to withdraw before reaching that amount, they’ll be able to do so by withdrawing the proportion of his initial investment without the bonus.
Unique selling points
- Lowest trade size on the market
- Highly advanced trading platform using Spot 2.0
- Range of tradable assets
- Offers mobile trading
- Higher than average payout rate
- Good support options
- EU regulated
- Withdrawal processing can take up to a week, but is usually faster
- Bonuses not listed on their website
- US traders not welcome
Banc de Binary has a good, updated trading platform that is simple to navigate while staying rich in trading tools. Their well-established and regulated brand means that you can trust them to provide you services at the highest standard, and it is well featured on TradeForexSA because we feel that Banc De Binary has customer satisfaction as a top priority.