Banc De Binary is a Cypriot and Israeli firm for trading binary options as well as Forex. Banc de Binary Ltd, is situated in Cyprus. It was established by Oren Shabat Laurent, a 31-year-old American and Israeli national who lives on the outskirts of Tel Aviv.
Banc De Binary is a partner of SpotOptionExchange which sets the prices of the options. This means that the prices of the options are not similar to the market prices, but are rather set by SpotOption Exchange.
Banc de Binary has earned itself regulatory permits from several countries where it operates in. In Europe, Banc de Binary is approved and regulated by the Cyprus Securities Exchange Commission (CySEC) under permit no. 188/13. In addition, for them to be able to operate in the United kingdom, they also got licenced on 7/1/2013 by the FCA.
Banc de Binary is also a regulated and registered binary options broker in Italy having obtained its regulatory permits from the CONSOB.
For the non European traders, Banc De Binary has a branch by the name Ash Ltd, which is situated in Saint Vincent and Grenadines.
Banc de Binary Trading Platforms
Banc de Binary uses the ever prominent SpotOption binary options trading platform. This platform is notable for being easy to get accustomed to and being simple for beginner traders to utilize. It has a basic design that can be customized to some degree to oblige every trader’s individual inclinations.
A trader can without much of a stretch explore through the platform by exploiting the straightforward menus it has and by effectively pointing and tapping on the choices that the menus offer. This trading platform is just amazingly well laid out, educational and simple to peruse and understand.
For the mobile phone users, Banc de double offers a totally free portable trading application. The mobile application is accessible on both iOS (iPhone and iPad) and android devises. The trading platform is kept clear and easy to guarantee it is as useable. Open and expired trade information can be shown, notwithstanding the account balance and funds available.
Live graphs are likewise accessible by means of this mobile application, and these specifically have been mindfully intended for smartphones and tablets. Regardless of the potential issues with presentation estimate, the graphs are exhibited extremely well, and are valuable for market analysis while on the move. Finally, account management elements are also accessible as well, including the capacity to deposit funds.
Banc de Binary Trading Accounts
Banc de Binary customers can choose to open a wide variety of accounts offered. The account types offered by Banc de Binary are: demo acount, bronze account, silver account, gold account, lion premium account (which include the premium and the platinum accounts) and Islamic account.
Banc de Binary Account Types
- Banc de Binary Demo account
Utilizing a demo account is truly simple. Demo trading is accessible by means of the exact same platform that is utilized for real trading. Therefore, to begin demo trading, the trader should first create a real money account. When the real account is set up, the trader will be required to make a minimum deposit of $250. After this first deposit, the trader can ask for a demo and start to trade with $50,000 in virtual money.
- Banc de Binary Bronze account
This account type offers binary options traders with 190 assets to trade. It also provides daily market reviews and an access to webinars two times a month. The minimum amount of deposit that a client can make here is $250 while the maximum amount of deposit is $2,499.
- Banc de Binary Silver account
In addition to the features of the bronze account, traders opening this type of an account get trading alerts, ten days direct line to the trader’s account manager and provision with trading signals for one month. The minimum amount of deposit that a client can make here is $2,500 while the maximum amount of deposit is $4,499.
- Banc de Binary Gold account
In addition to the silver account features traders opening this type of an account get permanent direct line to their account managers, risk free trade from their account managers, an introductory private session with a market analyst and a smart money management plan. The minimum amount of deposit that a client can take here is $4,500 while the maximum amount of deposit is $9,999.
- Banc de Binary Premium account
In addition to all the features of the gold account, traders opening this type of an account also get analyst educational programs for 2 times a month, expedited withdrawals of funds as well as first access to any of the option contracts. The minimum amount of deposit that a client can make here is $10,000 while the maximum amount of deposit is $24,499.
- Banc de Binary Platinum account
In addition to all the features of the premium trading account, traders with this type of account are also entitled to accessing the premium trade room, a platform payout that is 2-3% higher and receiving invitations to VIP events.
- Banc de Binary Islamic trading accounts
The Islamic accounts are solely designed to meet the needs of the Muslim traders. These accounts are usually interest-free and based on every vital aspects of Islam faith as well as the Sharia law.
Banc de Binary Option Types
Banc de Binary offers three types of trading option contracts. These are the High/Low options, Long term options and the short term (60 seconds) option. Banc de Binary does not offer the one touch binary option.
Banc de Binary offers a variety of banking options to its customers. These include: QIWI, China Union Pay, credit cards, bank wire, Skrill, Boleto, CashU, Dineromail, Fast Bank Transfer, Lobanet, Moneta, POLI, POLINZ, Todito Cash, AstroPay, WebMoney and Yandex Money.
The funding process takes an average of 7 working days and in addition to the additional time depending on the withdrawal method chosen. The bank wire takes 2 to 7 working days; the credit card takes 2 to 5 working days; the Skrill takes 24 hours.
They provide their customer services using telephone calls, Skype and emails. The support team can handle a variety of languages which include: German, Italian, English, Arabic, Portuguese, Dutch, Italian, Spanish and French.
Banc de Binary options broker is a reliable broker and is a good choice for newbies as well as experienced binary option traders. They offer quality services to meet the needs of their clients.