Banc De Binary Broker Review
Banc De Binary Broker ReviewDecember 1, 2013
Banc De Binary is one of the pioneer brokers in the binary options industry. Leading the pack with a positive and professional attitude, this CySec-regulated broker makes you feel right at home from the second you register until you start executing your first trade. This also means that if you are from the USA you will have to opt for another broker like Redwood Options since they don’t accept US traders.
Signing up was a very simple process, and after I filled out my details I was referred directly to the cashier section of the software.
BBinary is powered by Spotoption, considered to be the number one platform today. Tradologic is right there in second place also considered to be a top tier platform, and Tech Financials is fantastic, although it is geared for the more savvy trader with more emphasis on Forex.
The cashier section of the software is very easy to understand and intuitive. You simply select the deposit method of your choosing and you are good to go. This broker offers depositing via Visa, Mastercard, Amex, EuroCard/Mastercard, and Diners, Moneybookers (Skrill), and Alertpay or Payza, which is a third party E-wallet system used for depositing over the internet.
Digital Options “Pro”: This is basically your standard run-of-the-mill binary options. Just guess the general direction of the trend and if you guess correctly you will expire in the money.
Options Builder: This feature allows you to customize your trading on the fly. All you would have to do is select the type of contract you want, the required expiry time, the asset you want, risk versus profit ratio, and the amount you want to invest. This type of flexibility can only be obtained when trading with a platform such as Spotoption.
One Touch: If you’re in the mood for massive payouts of up to 500%, this is for you, but this feature required that you buy shares that out side of market rates. If the price you choose is the same as or over a call option, or vice versa, below on the put option’s quoted sale price, you will qualify for a winning trade expire “in the money”. However, if the price you select does not reach the predefined goal rate then you will lose the trade your contract will expire “out of the money”. One touch is not available on Weekends and is only available during certain hours during the week.
60 Seconds: The most popular form of trading these days, with traders raving about all the action-packed addictive format which is now becoming available in 30 seconds and 2 minute options.
Binary Meta: This tool basically lets you see your trades in a wide-screen and more professional format and has a social trading element since it highlights a section called “trader’s choice”, which is the most popular asset currently being traded.
Asset Index (Partial List)
- Stocks: APPL, BP, Coca Cola, GOOG, IBM, Deutche Telecom, AIG, Disney, JPMorgan, Pfizer, CITI
- Currencies: AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/USD,
NZD/USD, USD/CADUSD/CHF, USD/JPY, USD/SGD, USD/TRY, USD/ZAR
- Commodities: Gold, Silver, Platinum, Sugar, Corn, Wheat, Coffee, Oil (Brent Crude)
- Indices: Nasdaq, DJIA, IBEX, S&P500, Nikkei500, Tadwul, CAC, Hang Seng, Bovespa
The service is impeccable with account managers assisting every step you make, and financial analysts helping you become a better trader and executing winning trades.
Bonuses and Incentives:
The welcome bonus can be even up to 100% depending on your initial deposit, however there are trading requirements of 20 times deposit plus bonus that must be executed before cashing out. Additionally, there are company fees of 7.5 % that are discretionary and can be levied as outlined in the company’s terms and conditions section.
Being a BBinary VIP entitles you to amazing privileges, such as cash back offers and insurance bonuses. Additionally your will be offered better terms for executing rollovers of forwards in cases where you wish to delay of double up on profitable trades.
Altogether BBinary offers a fantastic trading environment for amateurs as well as more experienced traders wanting to invest in binary options. I highly recommend it to my colleagues now that is is regulated broker and has aligned itself with CySec and its regulations.