Banc De Binary is a binary options provider based in Cyprus and operates under the legal names ET Binary Options Ltd., BO Systems, Ltd. and BDB Services. Banc de Binary’s binary options brokerage activities are regulated by the Cyprus Securities and Exchange Commission. However, it is legally prohibited from accepting customers in the United States, Australia, New Zealand and Canada.
PLATFORM AND TRADE TYPES
The trading platform used on Banc De Binary is the SpotOption trading platform. The SpotOption trading platform is an intuitive, point and click interface that traders find easy to use.
The trade types available for traders to trade on Banc De Binary are:
⦁ One Touch: In One Touch trades, traders purchase or sell an asset when the markets are closed and bet on whether the asset would reach a predetermined price/rate until expiry on Friday.
⦁ Ladder: Banc de Binary has started offering Ladder trading options which a trader can use to “lock-in” profits as prices vary and exceed certain predetermined price levels.
⦁ Option Builder: Option builder is another latest strategy introduced by Banc de binary to enable traders choose their own risk and payout levels.
⦁ High/Low: This is the traditional trade type where a trader purchases a call option if he feels the future price of the asset would exceed the strike price or purchases a put if he believes the rpice would fall below the strike price.
⦁ Up/Down: In an up bet, a trader makes a proposition that the market would close on a higher note while on a down bet, the trader makes a proposition that the market would move down on its current rate at the end of the day’s trading.
Trades on Banc de binary have time limits of 60 sec, 15 min, 30 min, 1 hr, 24 hr+. So you can trade both short term and long term depending on your trading strategy
BANC DE BINARY DEPOSITS AND WITHDRAWALS
Deposits can be made through bank wire, credit/debit card and alternative payment methods such as Banklink, Giropay, P24, PaySafeguard, Sofort and Ideal. The minimum deposit is $250.
Withdrawals can be made through Bank wire, Credit/Debit card and Skrill. There are no fees for withdrawals. The minimum withdrawal is $50 and you must have made some trades before withdrawing.
BONUSES AND PROMOTIONS
Banc De Binary offers starting bonuses for new traders using their platform. The bonuses range from 50%-100% and depend on the ongoing promotion. Other bonuses can be gotten by referring other traders to Banc de binary.
You can reach the customer service support of Banc De Binary through Live chat or email. Support is rendered in multiple languages: English, Spanish, French, German, Italian, Dutch, Japanese, Arabic, and Portuguese.
Live chat: This is available 24 hours every business day.
E-mail: Customer service can be reached on email through firstname.lastname@example.org
PROS AND CONS
⦁ Banc de binary is a regulated broker, regulated in top European countries like Italy, Spain and Cyprus. Traders can trade with peace of mind.
⦁ Banc de binary offers a wide variety of assets for trading. All major markets are covered.
⦁ Banc de binary offers a quality trading platform with a well-structured affiliate program.
The major drawback of using Banc de Binary is that they do not offer trading services to residents of countries like the US, Canada, Australia and New Zealand.
Banc De Binary is a big name in the binary options trading industry and rightly so. They offer top notch services and quick trade execution. They are highly recommended for the superb platform they offer to traders, the excellent trading resources and the security they offer for traders’ funds. Choose Banc de Binary if you want to trade with a quality platform.