Published on August 7th, 2016 | by TBOR0
Banc de Binary Review
Summary: Banc de Binary is CySEC licensed and regulated broker. 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.
Banc De Binary is one of the few binary options brokers with FSA regulation January 2013 and gave up the US satellite office. This makes them one of the former favorite US binary options brokers. They are known for their excellent customer service and positive reputation in the binary options trading community. We searched for complaints and while we did find our fair share, there was always a resolution and bbinary has maintained a positive reputation.
- Official Website: www.bancdebinary.com
- Headquarters: Cyprus
- Phone Number: 800-656-6163
- Email Address: email@example.com
- Jan 20th, 2013 – BDB stops accepting new US traders as they are now regulated by CYSEC and are working with the CFTC. (reached a 400,000 trader milestone in late August, 2012. Received CYSEC Regulation1/2013. One of 1st regulated brokers, leading to the CFTC Suing them back in 2013.
- Trading Platform Used: SpotOption
- Above average returns
- Customer support is excellent
- High value traders call Banc De Binary their binary options home
Is Banc de Binary a scam?
The short answer to that question is no. Banc De Binary is not a scam site. They are an industry leader and are leading the charge for out and out full regulation by CYSEC, the Cyprus Securities and Exchange commission. You can feel comfortable making deposits at Bbinary and know that the trades there are legit. We do warn you to be cautious of accepting a bonus offer. Accepting a bonus offer makings withdrawing your money quite challenging. You have to meet a series of terms and conditions in order to withdraw if you accept a bonus. If you refuse the bonus you can deposit and withdraw as you need.
What do people think is a scam about Banc De Binary? What makes people think that they are not legit?
So we take a look at what some of the traders have been complaining about. A “minor” complaint in our eyes are the people griping that they can’t get their withdrawal done when they want to. Upon further explanations most admitted that they didn’t have the appropriate paperwork on file to start the process.
A more experienced trader offered up these tips which we agree with and feel that if you followed them you’d have success withdrawing as well.
Steps To Get Your Account Set Up With BancDeBinary.com
The best way to not experience withdrawal issues with any broker is to do the following:
1) Register with the broker. Wait until you complete the steps below to deposit)
2) Send your government ID, electricity bill, and credit card info (Blocking first 12digits and the 3 digit code in the end)
3) Request for a “Approved for Deposit & Withdrawal confirmation” from your account manager.
Ask her or him to email you with the above statement.
4) Deposit your amount after you receive your email confirmation
5) Withdraw without any problems in the future.
That being said we move onto the second complaint. Slightly more major in our minds yet a solution has to be out there. (I just haven’t found it yet.) Complaints of spreads being different. Some people offered up advise of taking a screenshot and presenting it to bbinary.com if you feel you’ve been cheated. Others suggested watching for spreads that are tolerable. It seems to happen frequently but if its a small spread it is easier to deal with.
Side note: A spread is the difference in price between your charts and the price they offer. Remember, when you are making the trade they offer you the trade at their terms and you can take it or not. It’s transparent even if there is a difference in price between your charts and their offer.
- Minimum Deposit: $250
- Deposit Methods: Credit Card, Electronic Payment, Wire Transfer
- Credit Cards Accepted: Visa, Mastercard, Maestro, Amex, Diner’s Club International
- Electronic Payments Accepted: MoneyBookers
- Minimum of $1000USD for Wire Transfer
BANC DE BINARY ROBOT ACCOUNT TYPES
There are three types of account available for customers: Bronze, Silver and Gold account. If the traders make a deposit, they have the opportunity to test Banc de Binary as a broker and start trading with Demo account, which is a very responsible feature and we have found it as very handy. This feature is extremely beneficial for traders without trading experience, because it will help them to get familiar with trading binary options. Instead trading with real money, they get $50,000 of virtual cash so they can practice without risking their funds.
Banc de Binary Bronze account
Bronze account allows $250 minimum deposit and offers a wide range of 190 tradeable assets. It also features daily market reviews and financial research so traders can inform themselves about actual situation on the market. Bronze account provides opportunity to attend two webinars during a month.
Banc de Binary Silver account
Banc de Binary Silver account is the most popular one and minimum deposit is $2,500. Including the features from a Bronze account type, additionally it offers trading alerts and event analysis for a better trading experience. With the Silver account traders can get ten days of free trial period with account manager. This loyalty program features one month of free trading signals from Trading Central.
Banc de Binary Gold account
Banc de Binary Gold account is the most enhanced trading type and it’s minimum deposit is $5,000. With this amazing type traders can get three months of free trading signals from Trading Central. This sensational account offers traders a bonus protected trades from account manager, introductory private session with an analyst and smart money management plan. Banc de Binary Gold account is the most elite account and it’s clients are benefiting with all VIP services available for them.
Banc de Binary has up to a 100% sign up bonus with a standard account. For the nitty gritty details you’ll want to head over to bancdebinary.com now as depending on the amount you plan to invest will determine the different maximum bonus offer they will give you. Be sure you understand the terms and conditions of acceptins a bonus before doing so.
BANC DE BINARY SUPPORT AND SERVICES
While observing Banc de Binary Robot account we have recapitulated their business politics and activities, so without a doubt we had a very pleasant experience. Their customer service is exceptional and very professional, starting with the first step of depositing. When trader makes his first deposit, he will be contacted by a personal account manager, offering support with trading ventures. Support can be provided via email, live chat, Skype or call-back. During our analysis we have experienced that live chat is very quick and responsive. The reason for saying this is the fact that we haven’t wait more than 37 seconds to get answer to a question. We should note that customer support provided us with answer to every possible question we had.
Overall, we have excellent feedback with this remarkable broker and trading on the binary options platform was extremely comfortable and impeccable experience.
Types of Options Information
- Types of Options: High/Low
- Expiry Times Available: 60 Seconds, Hourly
- High/Low Payout Percentage: 72-90%
Quick Deposit and Withdrawals
If you’re ready for a great trading experience, you’ll need to open a Banc De Binary and make a minimum deposit of 250 dollars, pound sterling, or euros. This money is totally yours. You can use is to place trades and you are able to withdraw the full amount of your account balance (including winnings) at any time you like. Withdrawal requests are processed within 7 working days. The higher tier accounts that include trading signals and extra support as we mentioned above start from a deposit of $5,000. It is secure and easy to make a deposit via your choice of bank wire transfer, credit card, debit card or a variety of online payment methods. We suggest that you contact the customer team directly if you have any questions (they have a live chat option and contact details on the website).
A Top Trading Platform
Banc de Binary offers a very easy to use web based trading platform. Once you are on the site, you simply click on the “Trading Platform” button and you are taken to the screen that you will trade from. You will see a list of assets and a couple buttons for choosing call or put options. The rate of return will also be listed obviously on this page. Once you choose whether you want the price to go up or down, you can type in the amount you want to risk. It’s that easy. On the main trading page, you will also see how much time you have left before the trades will be closed and how much time is left before the expiry.
Remember, Bank De Binary uses the Spot Option back-end to handle all their trades. SpotOption is probably the most widely used platform in the binary options business.
Assets Available to Trade
- Oil (Brent Crude)
- Corn Coffee
- BNP Paribas
- British American T
- Coca Cola
- Danone SA
- France Telecom
- Goldman Sachs
- HSBC Holdings
- S.Bank India
- Tata Motors
- Vivendi Sa
- Deutche Telecom
- Louis Vuitton
- Publicis Groupe
- Sab Miller
- Rio Tinto
- Citi Group
- JP Morgan Chase
- Bombay SE
- FTSE 100
- Hang Seng
- Nasdaq Futures
- Nikkei 225
- S&P 500
- Straits Times
- Tel Aviv 25
Is Banc se Binary legit broker? Answer is Yes! The broker is one of the best binary brokers, platform is verry simple, customer service is one of the best in industry and broker is regulated by CySEC which means that your money is safe.