Banc de Binary Review

Banc de Binary logo

Every once in a while when we do a review we come across a binary options broker that ‘really catches our eye’ with the way they run their website; Banc de Binary is definitely in that category. It is without a doubt one of the best binary options website that we have taken a look at. We found an incredible amount of positive things about the site when our experienced and thorough review team tried out the website.

Banc de Binary, which was established in 2009, is as a World Finance listed and multi-award winning company that has long been known as one of the leaders in the binary options trading market. They are the world’s first regulated broker and have customers in over 80 countries worldwide and are known as one of the most trustworthy binary options brokers. A reputation like that is not gained easily when there are so many binary options trading choices out there, but our review team’s findings when they looked at the site seemed only to confirm Banc de Binary’s outstanding reputation.

Basic information:

Online since: 2009
Jurisdiction: Cyprus
Software: SpotOptions
Max Returns: 91%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $1
Maximum Investment: $6000
Currencies: USD, EUR, GBP
Mobile: Yes
Countries: All nations excl. USA & Australia

Pros:

– Very good deposit bonus
– Good variety of options
– Excellent returns
– Interface user friendly
– Small minimum investment

Cons:

– No customers from USA accepted

7 Binary Options Rating:

5 stars

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Key Features

The key features with Banc de Binary are really too many to mention. We could actually do a whole article on key features alone, but rest assured we will at least cover them all briefly in this review. With that being said, let’s take a look at why there are so many key features that make this website one of the best and most popular to trade on.

One of the biggest key features that Banc de Binary brings to the table is experience; since its first use in 2009, the website has constantly improved and adapted to help make their many investors trading experiences a good one. The site features an abundance of learning tools and has a trading platform that any investor should immediately feel comfortable with. They have a knack for listening to what those that trade on their site say and then reshaping the website to meet their traders’ demands and incorporate in the most popular suggestions.

Don’t have enough time to trade or want to trade anytime and anywhere? Banc de Binary can help there too with their versatile mobile app. With the app trading is no longer restricted to only when an investor is sitting in front of their computer. The app can be easily downloaded on most mobile devices and tablets for the ultimate on the go trading experience. It is a nice way for Banc de binary to help their many happy traders keep track and place trades anywhere they may go. Banc de Binary is also one of the used brokers in Binary Option Robot automated trading software and binary options signals.

Bonuses

If an investor is looking for some ‘free money’ to use in their trading then Banc de Binary will certainly not disappoint anyone here too. When looking at the site we found that Banc de Binary had some very generous bonuses to offer to say the least. Some sites we have reviewed in the past had either no bonuses or maybe one; Banc de Binary boats at least three nice bonuses that we came across when we were reviewing the site.

It all starts with the very high sign up bonus that traders get when they join this broker’s website. They are some of the highest bonuses of any site that we have reviewed. Sign up bonuses can go as high as 100% depending on the amount of the client’s initial deposit. So before an investor has even made one trade they will have doubled their money in some cases. Now that is what we call a real bonus.

The bonuses don’t end with the sign up bonus either. If a trader knows someone who is looking for a good binary options website to trade on, then they have an opportunity to make some money there too. Banc de Binary gives out referral bonuses to any of their clients who refer another trader to the website. Once again it creates an opportunity for the investor to earn some more ‘free money’ to trade with.

There are other types of bonuses that Banc de Binary offers too. The trader will have an opportunity to earn special event bonuses too. These may be unscheduled or unannounced and the amount and frequency of these bonuses is totally up to Banc de Binary.

These bonuses do come with a set of rules and stipulations; it is not just as easy obviously as an investor depositing their money, getting a sign up bonus and then withdrawing their money. In order to protect themselves Banc de Binary requires that a certain dollar amount be traded before any bonus money can be withdrawn.

Maximum Profit (payout)

When using the site we were pleasantly surprised at the return on investment that winning trades offered; it is a sure sign of a websites integrity when they offer what is considered more than the usual fair payout. On many of our profitable binary options trades we found that the return on investment was often in the 60% – 91% range, which are very good returns for any binary options website.

There are also minimum and maximum investments that are mandated by Banc de Binary, but these have a very wide range that should satisfy the most conservative traders and the big spending traders alike. The minimum investment is a low $1, which was as little as we have seen on any of our reviews. For those that are not afraid to risk some big money the maximum investment is $6000.

Testimonial

Quotation marks“For me it’s all about being progressive and having experience with the broker that I trade binary options on and Banc de Binary really delivers in these areas!! I have been trading with then since 2009 and I have seen them shape and adapt the website to keep up with current trends in the binary options market many times over that period. I have used the combination of their small minimum investments and ‘generous’ return on investment percentage to build a nice little financial nest for myself”
Adam, 38

Types of accounts

There are several different account levels on Banc de Binary; as with many other binary option websites the account level that is assigned to an investor depends on the amount of that investor’s initial deposit. Each subsequent account level also comes with some benefits that the lower account levels do not have, so it is always best for an investor to deposit as much as they can initially to ensure they are getting the most features that an online broker offers. Extra features include such things as learning tools, faster withdrawal times and an increased number of assets available to trade.

Here is an overview of the various account levels we found on Banc de Binary as we toured the website:

 

The Micro Silver

The most basic trading account is the Micro Silver account. For this level account the initial deposit amount can be as little as $250 or as much as $5000. This account level is really recommended for beginning traders. It is also the account of choice if you just want to deposit a little at first to see if you like trading on Banc de Binary.

 

The Standard Gold

The Standard Gold account requires an initial deposit ranging from $5001 to $35,000. It’s a good account for intermediate level traders who are confident in their trading skills and have a basic familiarity with the world of finance.

 

The Personal Management

The next highest level account is the Personal Management account. To attain this level account an investor must make an initial deposit in the range of $35,001 to $50,000. This account type is intended for traders who are very serious and experienced about their binary options trading.

 

The Premium account

The Banc de Binary Premium account is the highest level of account on the site. It has an initial deposit requirement of over $50,000. It is an elite account that is best suited for those investors who consider themselves full-time professional traders.

 

The Islamic Trading account

Banc de Binary also offers Islamic Trading accounts. These accounts are specifically tailored to suit the needs of customers of the Islamic faith. They are interest-free accounts which take into account Hibah and its importance to that faith.

 

Video

Assets

Banc de Binary has an excellent array of assets with lots of alternatives for trades at different levels. Included are commodities (including sugar, coffee, corn, gold and others) and currency pairs (EUR/USC, USD/GBP and more), as well as stocks like BAT, Apple and Coca-Cola, along with indices such as the NIKKEI 225, FTSE 100 and NASDAQ. In fact, Banc de Binary offers an impressive asset list, more than 200 different assets, tradable in nearly three dozen countries.

Screenshot

Banc de Binary screenshot

Trading Platform

Banc de Binary uses the ever popular SpotOption trading platform. This platform is well known for being simple to get acclimated and being very easy for even beginner traders to use. It has a simple layout that can be customized somewhat to accommodate individual traders personal preferences.

A trader can easily navigate through the site by taking advantage of the simple menus it has and by easily pointing and clicking on the choices the menus offer. We found the trading platform to be extremely well laid out, informational and easy to read and understand. It is very well designed, to say the least.

Placing Trades

There are a variety of options available when it comes to placing trades on Banc de Binary. A trader can select from high/low options, one touch options, option builders, Meta chart options and the potentially very profitable but somewhat more complicated ladder options.

The options listed on Banc de Binary can also be traded on several different expiration times such as 60 seconds, 15 minutes, 30 minutes, 1 hour and 24 hours.

Assets that can be traded can be selected from currencies, stocks, indices and commodities.

We found a really nice variety of the types of trades an investor can place on Banc de Binary.

Learning Tools

There are a variety of learning tools that Banc de Binary offers its clients too. The best of these is the free demo account that is offered to its account holders. Demo accounts are great for learning a trading platform without risking any real money.

The learning tools they provide are not limited to the demo account by any means. A trader on Banc de Binary will have access to a basic introduction course on binary options trading, several trading videos that feature their financial experts discussing binary options trading points, a very comprehensive and informative e-book on the subject of binary options trading and access to many written articles that cover all aspects of binary options trading and analysis.

When we reviewed the site we found that the free platform walkthrough that they offered was instrumental in getting us acclimated to the trading platform quickly and easily. When that walkthrough was followed by use of the demo mode we found ourselves quickly trading on the regular platform problem free in virtually no time.

Banking

Banking is another thing that is really uncomplicated on Banc de Binary. There are several currencies that can be used for making deposits and withdrawals such as the US Dollar, the British Pound and the Japanese yen.

Banc de Binary also excepts several payment forms that an investor can use to make deposits and withdrawals. They accept such deposit and withdrawal sources as Visa, MasterCard, Amex, Skrill Moneybookers, iDeal, Diners Club, Maestro, Cartebleue and bank wire transfers.

The minimum withdrawal is $50 and the fast withdrawal time of around 2 days really impressed us.

Customer Service

Customer service on Banc de Binary was found to be very responsive and thorough. The best ways to conduct customer service contact with Banc de Binary are through live chat or e-mail. Their customer service representatives can handle inquiries in several different languages such as English, Spanish, French, German, Italian, Dutch, Japanese, Arabic, and Portuguese.

Noted Drawbacks

One of the biggest drawbacks of Banc de Binary is it is not available to traders in the US market. There was also a slight lack of visible phone support as a customer service option, but then again, the excellent live chat and quick e-mail response time more than made up for this.

Conclusion/Summary

ApprovedWhat can we as the reviewers say about the site overall? Let’s just say that when we talked amongst ourselves about Banc de Binary there was one word that was heard when describing the site more than others and that word was ‘impressive’. We found very little wrong with the site

In short, we give Banc de Binary an enthusiastic two thumbs up for the way they run and put their website together and we would highly recommend the site to any trader that is looking for an overall ‘great’ trading experience. It is really that good of a binary options trading site. It is definitely a site that warrants serious consideration for use from any trader that is looking for a new place to trade binary options or just not satisfied with the site they currently trade on.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, Spanish, French, German, Italian, Dutch, Japanese, Arabic, Portuguese
Trading Options: High / Low, One Touch, Option Builder, Meta Charts, Ladder Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 sec, 15 min, 30 min, 1 hr, 24 hr+
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire, Skrill Moneybookers, iDeal, Diners Club, Maestro, Cartebleue
Withdrawal Time: 2 days
Demo account: Yes

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Banc de Binary Articles:

References and Further Reading:

  1. Binary Options: Fixed Odds (Financial Bets – 2011)
  2. Systems and Methods for Providing Seamless Transitions Between Graphical Images on a Binary Options Interface (Rich Jaycobs, Nolan Glantz, Les Walker – 2014)
  3. Binary Options: Strategies for Directional and Volatility Trading (Alex Nekritin – 2012)
  4. Information presentation and management in an online trading environment  ( Martin L. Hess, Michael K. Wilson – 2004)
  5. Competing with dual business models: A contingency approach (Constantinos Markides and Constantinos D. Charitou – 2004)
  6. The importance of perceived trust, security and privacy in online trading systems ( Juan Carlos Roca, Juan José García, Juan José de la Vega – 2009)
  7. Using Strategy to Change Your Business Model (George S Yip – 2004)
  8. Information presentation and management in an online trading environment (Martin L. Hess, Michael K. Wilson – 2004)
  9. Predicting and explaining the adoption of online trading: An empirical study in Taiwan (Ming-Chi Lee – 2009)
  10. The Effects of Reporting Complexity on Small and Large Investor Trading (Brian P. Miller – 2010)
  11. Forecasting abnormal stock returns and trading volume using investor sentiment: Evidence from online search (Kissan Joseph1, , M. Babajide Wintoki, , Zelin Zhang  – 2011)
  12. Investor Sentiment and the Closed-End Fund Puzzle (CHARLES M. C. LEE, ANDREI SHLEIFER, RICHARD H. THALER – 1991)
  13. Investor Sentiment, Trading Behavior and Informational Efficiency in Index Futures Markets (Alexander Kurov – 2008)
  14. How does the Internet affect trading? Evidence from investor behavior in 401(k) plans (James J. Choi, David Laibson, Andrew Metrick – 2002)
  15. The implications of online investing ( Prabhudev Konana,  Nirup M. Menon – 2000)
  16. Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (Brad M. Barber, Terrance Odean – 2000)
  17. Online transaction processing system for bond trading  (S. William Broka – 1998)
  18. Insider Trading, Investment, and Liquidity: A Welfare Analysis (Sudipto Bhattacharya, Giovanna Nicodano – 2001)
  19. Online Broker Investors: Demographic Information, Investment Strategy, Portfolio Positions, and Trading Activity (Markus Glaser – 2003)
  20. Portfolio Advice for a Multifactor World (Digest Summary) (John H. Cochrane- 1999)
7 Binary Options review: Banc de Binary: 5 stars.
John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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