Headquartered in New York, Banc De Binary is one of the leading digital options brokers. It has a truly global presence with international operations stretching across Europe, the Middle East and Asia.
With a good selection of binary contracts offered across a wide asset base, this is a comprehensive solution for the binary trader. In addition the company has won a number of industry awards for its brokerage and customer service.
Quick Summary Of Banc De Binary
|Telephone||Toll Free +1(800) 656 6163, International +1(212)710 5905|
|Minimum opening deposit||500 USD|
|Minimum Trade Amount||$1|
|Option Types Available||Call, Put, Option Builder, 60 second|
|Markets Available||Forex, Indices, Stocks, Commodities|
|Binary Options Trading Platform||SpotOption Platform|
|Account Holding Deposit||USD, EUR, GBP|
|US Traders Allowed||Yes|
As you would expect from one of the biggest names in the business, Banc de Binary offers an excellent set of features for the trader with a solution based upon the popular SpotOption core trading engine.
Two trading platforms are offered. Digital Option Pro provides a trading platform which will be familiar to many traders. This offers the opportunity to earn high payouts of up to 81% from Call and Put option contracts that expire in the money.
Binary META is the newer trading platform offered. It provides access to advanced charting and analysis which is useful for tracking your open positions against live market prices.
Both platforms feature a large range of assets for trading. These include all of the major world indices, Forex pairs, commodities and over 39 major global stocks.
Options Types Offered
- High/ Low – A good range of Higher/ Lower (Call/Put) options are offered by the broker. These can be placed on all of the major asset classes offered. Payouts for contracts that finish ‘in the money’ are at the top end of those offered.
- One Touch -A range of One Touch options contracts are available.
- Option Builder – This recently added feature allows you to build your own option trades. You can customise the strike level and expiry time for each individual contract to earn up to a 500% return.
- 60 second options – The chance to earn high returns from short term 60 second Call/ Put contracts.
In addition to the web based trading platforms provided, you can also make use of the dedicated Banc De Binary mobile trading app called iTrader. This provides a full account management and trading solution for mobile devices, allowing you to keep up with markets and trade while on the move.
This fully featured mobile trading application is available for both iPhone and Android users and can be downloaded for from their respective online App stores.
A variety of trading accounts are offered to clients which are designed to accommodate traders of all levels. These range from the Micro Silver Account ($500-$2500), Standard Gold Account ($2,500-$5000) and Personal Broker Reserved Account ($5,001-$50,000).
Each account level brings with it additional trading privileges and benefits. For example the high end VIP Lions Club Account ($50,000+) offers access to personal analysts, a concierge service and a dedicated Debit card to withdraw your funds.
The minimum deposit requirement for opening an account is $500. While this is a little high when compared to some brokers, it does give you access to some top trading features. VIP traders have no minimum deposit requirements.
A wide range of deposit options are offered to allow you to get money into your account. Supported deposit methods include Credit/Debit Cards (Visa, Mastercard. American Express) and bank wire transfer. A range of third party payment processors are also supported including Money Bookers (Skrill) and AlertPay.
Any withdrawals requests received are initially credited back to the source that our account was credited with. All withdrawals are subject to the usual processing times for the method used. Typically credit/debit card withdrawals will be processed in 2 working days and Bank Wire withdrawals 5 working days.
There are a range of good support routes open to trading clients. These include online chat, telephone, Skype, email and telephone Callbacks.
You also get full twenty four hour client support from a dedicated global support team. These are on hand to answer and deal with any account queries or issues you may encounter.
- A comprehensive package is provided with a good range of option contracts and assets to trade for high returns.
- Excellent levels of multi-language support and good response from the broker
- A choice of trading platforms including Option Pro, Binary META and iTrader (mobile).
- A high opening deposit requirement could deter smaller traders from signing up, but this doesn’t stop it from being one of our favorite brokers
|Banc De Binary Asset Index|
|FTSE 100||USD/CHF||Coffee||Coca Cola|
|HANG SANG||USD/JPY||Danone SA|
|NASDAQ Futures||Goldman Sachs|
|S&P 500||HSBC Holdings|
|Tel Aviv 25||S.Bank India|
|JP Morgan Chase|