Banc de Binary is an established binary options broker that is licensed by the CySEC.
The Good / – The minimum trade size is the lowest in the market. Their bonuses are plenty and are worth a mention.
The Bad / – Withdrawal processing time may take 1 week to complete but it usually takes a few days only.
The Bottom Line / – Banc de Binary provides an excellent and updated trading platform that is not only easy to navigate but is also rich in trading tools and features. Aside from being regulated, they have a well-established brand which is a solid assurance that they can be trusted and that their services are always carried out to a very high standard.
Demo Account: A good training ground
This is definitely an advantage for those who want to fully test the platform features and tools without any risks. It’s the perfect training ground especially for newbies who are not yet familiar with the interface and menus.
Bonuses: Plenty of trading extras
I was overwhelmed upon learning that this broker has plenty of bonuses to offer after I made the registration. Not only do they offer a sign-up bonus but they also provide other extras such as senior account manager bonuses, re-deposit bonuses, rebate bonuses for VIP clients and many more.
Platform: Well-refined and highly advanced
All I can say is that the platform was superb. One of the factors why it runs perfectly is because they use the new and improved Spot 2.0 which is the latest release of SpotOption. It was well integrated into the website and has all the necessary trading tools on board.
Mobile Trading: Optimized for mobile handsets
Their application for iPhone and Android platforms are excellent for mobile use. Its responsiveness and features allow me to maximize my profits since I can react straight away and place trades as market events occur.
Tradable Assets: A good range of options
I always want to take full advantage of the market opportunities to make a profit and for that I need to be with a broker that has a wide range of tradable assets and thankfully, this broker has that. Each category has a number of choices and most of them are the hottest in the market today.
Minimum Trade: Need I say more?
Banc de Binary definitely is among the few and possibly the only broker that has the lowest minimum investment requirement for a single trade in the market at $1. Certainly, I couldn’t ask for a much lower amount.
Payout Rate: Well above the average rate
The majority of the assets on the classic binary options trading instrument have payout rates of around 70% to 80% with the maximum reaching up to 81%. Although this is not the highest in the market, it’s still above the average rate and can still generate large investment returns.
Their Call/Put trading instrument is available and is labelled as Binary Options.
This short term option is also available but only available mostly for currencies.
Surprisingly, they also have pairs trading but the choices are not that plenty. The payout rates are good though.
Other special options include the Long Term which has good rates.
Deposit & Withdrawal/Support
Minimum Deposit: The average requirement
The $250 minimum initial deposit for me was acceptable since the minimum trade size was extremely low. Imagine, I can possibly make 250 trades out of this amount and fully manage my investments.
Deposit Methods: Lots of ways to transfer money
I never encountered any issues or setbacks in transferring money into my account since this broker allows deposits in various ways such as credit cards, Moneybookers and wire transfer.
Withdrawal Methods: Fast and convenient
Just like the deposits, the supported withdrawal methods are convenient as well. I just need to access my account and click on withdraw to get my money back.
Withdrawal Processing Time: One week to wait
It takes a maximum of 7 days to process a withdrawal request from this broker. It’s not the fastest when compared to the other brands but based on my tests they always achieve what they promised.
Channels: More ways to get in touch
There are lots of ways to communicate with the support team and this can be done via phone, email, fax, live chat and even Skype.
Availability: Lines are always open
I have no issues getting in touch with them any time since they are available 24/7.
Supported Languages: Variety of tongues
Currently they support major languages including English, French, German, Italian, Russian, Spanish, Arabic and Portuguese.
Average User Rating: 9.5
This score was provided by various users and its value is taken from the accumulated votes that were given by actual traders who have tested this broker.
Platform Design: Trendy and modern
Aside from its responsiveness, I also applaud this broker’s designers for selecting a very trendy and modern theme for their platform. The combination of the colors white and blue are perfect and is very refreshing to work with.
Support: They find ways
I highly commend their support team for being always quick and smart in handling my inquiries and concerns. They always find ways to find a quick solution and that is what real customer service is all about.
Reputation: Internationally recognized
This broker is authorized and regulated by the Cyprus Securities and Exchange Commission and registered with known financial regulators. This simply means that they are truly trustworthy and reliable in this industry.
Editor Rating: 80
Banc de Binary provides an excellent and updated trading platform that is not only easy to navigate but is also rich in trading tools and features. Best of all, they are regulated which gives trader an assurance that the funds are safe and secure.
UPDATE: We have received information that Banc De Binary is no longer accepting new clients. Read our news article here. An alternative broker that we can recommend is 24option. They are rated as one of the top brokers in the financial industry. Authorized and regulated, they offer premier trading conditions.