*DUE TO THE LATEST DEVELOPMENTS OUR REVIEW OF BANC DE BINARY NEEDS TO BE REVISED. CURRENTLY WE CAN NOT RECOMMEND BANC DE BINARY AS BINARY OPTIONS BROKER*
It’s not often we come across a binary options broker that impresses our team of experts. BUT Banc de Binary is one that caught our eye as a leading brand with its unique trading platform which explains the high payouts and how it can offer protected trades. Reports show it’s a multi-award winning company and is found to be a grandfather in the binary options sphere. The fact they’re still around and are available in over 80 countries, obviously says a lot. BBinary is regulated and legitimate, therefore making it a trustworthy binary broker to begin your trading experience.
Banc de Binary Overview
After properly researching and doing a series of multiple trials on Banc de Binary’s trading platform, we’re able to confirm the credibility of their services as a binary options broker. We left nothing untouched in this scam review. Our team has dissected the performance of their trading platform, deposit and withdrawal methods to provide fellow traders an objective review of Banc de Binary’s integrity as a broker.
Investigation Verdict: Banc de Binary is NOT a scam. If you are serious about serious about opening a trading account, you’ll benefit from the trading tools and incredible educational materials that will be available to you.
Is Banc de Binary Legit or a Scam?
Banc de Binary was founded in 2008 and was one of the first established and regulated binary options brokers to provide a trading platform where traders could invest online. They are a well-respected leader in the market with clients from over 80 countries worldwide and have more than 250,000 binary trading clients.
Rest assured that Banc de Binary is a regulated broker from CySEC under the License No 188/13 as of 2013. This broker is also qualified with the FCA in the United Kingdom and AMF in France.
While doing some online research, we uncovered that Banc de Binary is a multi-award winning company. It retains a consistent reputation for offering its clients exceptionally high-quality customer service for an above average experience. In 2013, they received an award for their platform, and in 2015, they were credited as the Best Overall Broker. With so much competition out there, it’s not easy to gain and keep a reputation at a five-star level. Based on our findings we can confirm that Banc de Binary is a credible and trustworthy broker.
Banc de Binary – Are There Any Complaints?
We can’t say we didn’t find any complaints, but the ones we found were not sincere or consistent enough to consider for a bad review. As this broker has been in business for 7 years, they have had a small share of clients that took it upon themselves to partake in higher risk trades, and once they lost their investment, they blamed the company. Such cases are not the company’s fault, but the individual trader’s. Therefore we do not consider these as qualified and integral complaints.
The Banc de Binary Platform
Banc de Binary features one of the latest and most popular SpotOption trading platforms. Many well respected and reliable brokers use this platform since it’s known for being easy to learn and simple for beginners to adopt.
Something that’s really impressive is it has a repertoire of more than 200 assets to place trades in. Some of the most sought after assets are Coca-Cola, Apple, Gold, USD/GBP, just to list a few. The platform is all web-based; therefore a trader doesn’t have to download the software. Banc de Binary also keeps their game up by updating their platform with new features and tools such as Option Builder to customize trades, Double-up, Early Closure, Roll Over and the Ladder trade option. The Banc de Binary trading platform can also be accessed via a mobile device, so you don’t have ONLY to rely on being in front of your computer (pretty savvy)
Also, when a client opens and activates their account, they receive access to the ZuluTrade tool that lets users copy and track top performing traders’ strategies to adopt as their own.
Banc de Binary Account Levels & Bonuses
Banc de Binary offers different account levels depending on the investor’s initial deposit and trading preference. Additionally, each account type has various attractive perks and benefits for traders to take advantage of.
- Bronze Account Min. $250. Includes daily market updates, financial data and access to webinars twice a month.
- Silver Account Min. $2,500. Includes trading alerts and event analysis to traders, bonus loyalty store gift, 10 days of a direct contact line to an account manager, plus 1 month of free trading signals.
- Gold Account Min. $5,000. Includes an extra 2 months of trading signals, protected bonus trades, account manager support, and tactics for money management.
- Premium Account Min. $10,000. Includes accelerated withdrawals and first access to all option contracts.
- Platinum Account Min. $25,000. Includes premium trade room access, invitations to private VIP happenings and 2-3% higher payouts.
Banc De Binary knows how to get on its clients’ good side with its various bonuses. They provide welcome bonuses to new traders, and they also have a referral program that rewards its clients every time their referral signs up and makes a deposit. You can also speak to an account manager to inquire and find out about upcoming special events to participate in.
It’s highly recommended you review their bonus policy with one of their managers to ensure you’re up to taking the bonus. For instance, you may need to make a certain amount of trades in relation to your initial deposit to withdraw funds, so make sure you are clear. For those who are new to trading, accepting bonuses is not mandatory. You have complete control and management to accept applying a bonus or not to your account.
Banc de Binary Bonus Protected Trades
Banc de Binary offers something extremely unique in comparison to its competitors – Protected Trades.
They promote this under their bonuses as Protected Trades with returns up to 90% (!!!). This means that if you trade with protected bonus trades, you have many positions open with NO option to lose. Depending on the account level you choose to go with, will reflect the number of protected trades available to you. After every successful trade, they offer payouts ranging from 70% up to 90%, but if you lose, Banc de Binary completely covers your losses. Although they don’t offer a demo account, this is the next best thing as a great bonus.
How to Get Started?
- Free Sign Up– Open a free account with Banc De Binary just by providing a few details.
- Deposit & Trade– You need to register and provide an initial deposit to access the platform’s dashboard to begin trading. There are tons of tools readily available to place trades and achieve profitable results.
- Withdrawal – All you have to do is request a withdrawal and then you’ll receive your earnings. BBinary has an excellent reputation for receiving payouts in as little as 2 days.
Deposit & Withdrawal Processes
In the case of most brokers, Banc De Binary has a minimum deposit of $250 to begin placing trades via the platform. Make sure you choose the appropriate currency – USD, EUR or GBP – to apply to your account because you will not be able to change this in the future. They also offer a minimum trade of ONLY $1 with a maximum investment of $6,000.
This means with $1 trades, you can place a hefty amount of trades with less risk. Both deposits and withdrawals can be conducted through any of the following methods: Major credit cards, Skrill, Wire transfer, Money Gram, and Western Union.
Banc de Binary has a quick withdrawal process – and NO FEES. You may only experience a fee charge from your bank according to the transaction being handled. This broker also offers one of the lowest withdrawal amounts beginning at $50, but the time it takes actually to see your funds in your bank account depends solely on your chosen payment method. For example, credit cards usually take 2 days or so, while bank wires take longer.
Is Customer Support Attentive?
We found Banc De Binary’s customer support to be very responsive and detailed as per our investigation and other client feedback. The website and trading platform are presented in 9 different languages: English, French, German, Spanish, Italian, Russian, Arabic and Portuguese.
The physical address of the broker is Kanika International Business Centre, Office 401, Profiti Ilias 4, Germasogeia 4046, Limassol, Cyprus. You can contact their Customer Support team via live chat, Skype, telephone +44 207 099 2097, and email at email@example.com. We recommend their live chat or email for the best customer support to attain fast assistance.
The Final Verdict
Overall, Banc de Binary offers a very secure and reliable trading environment to its customers with a popular platform that is infamous for its simplicity and ease. We have concluded that this broker’s practices are upfront and honest after our investigations and test runs.
The most distinct and unique features that differentiate itself from other brokers are its protected trade bonuses, a minimum trading size of $1, and high payouts of up to 90%.
Your investment is safe with this broker as they are regulated by CySec, and are one of the first ever brokers that released their platform in the binary options industry. Since 2008, they have received numerous awards for their services and performance. They currently are still experiencing growth at a rapid rate and have traders from over 80 countries around the globe.
Banc de Binary is highly recommended for newbies as well as expert traders from our perspective. We can firmly say that it is one of the most impressive brokers that we have come across for trading binary options.
- User-Friendly Platform
- Protected Trades for Risk Management
- Licensed and Regulated by Authority
- Up To A 91% Max. Trading Rate
- No Trading Insurance