Banc de Binary review: honest binary options broker review

Rating: 97/100
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Overview

Banc de Binary Summary
Founded 2009
Normalized profit Up to 83%
Trading assets Stocks, Forex, Commodities, Indices
Total assets 180
Min. Account size $ 250
Min. Trade size $ 1
Banking methods Credit Cards, Wire Transfer, Moneybookers, PayPal
Special features Call/Put, One Touch, 30 Second,60 Second, 120 Second Options, Long Term Options, Pair Options
Trading Platform Spot 2.0
Website http://bancdebinary.com

Banc de Binary is one of the oldest and well known binary options brokers in the industry. They have been around since 2009, which is pretty much the beginning of the binary options industry. They are also one of the first brokers to become fully regulated by CySEC and are well known for offering trade sizes as low as $1.

Their size is also apparent in the number of tradeable assets they have available for users, which is more or less in the amount of 180.

Online reputation:
The sheer size of Banc de Binary as company speaks volumes about their trustworthyness. Being around for so long you know that they’re not going to shut down anytime soon or run away with your money. Their online reputation is one of the best, and they are currently the official sponsors of the Liverpool FC football club. Rest assured that Liverpool FC doesn’t associate itself with just any company, and BDB being able to close this kind of deal is a great achievement.

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Before we go into reviewing the actual platform, I think I’ll dip into what a lot of traders truly care about when choosing a broker. You see, there are unfortunately a lot of bad seeds in the binary industry who provide really bad support and make it nearly impossible to withdraw your funds.

Bonuses
Bonuses are offered by many brokers as a means to help traders have more liquidity when trading. However, it is important to read the terms and conditions of the bonus before accepting. Many brokers try to hide these T&C and pull them out only when it’s in their interest.
Banc de binary is very upfront about their bonus policy and have it clearly linked from the homepage.
IT clearly states that if you try to withdraw your money before you have completed the bonus requirements, your withdrawable profits or losses will be calculated according to the relative amount the bonus accounts for out of your deposit. For a bit more clarity, you can also check out their example:

Customer Support
So, customer support. Probably the most important aspect of a broker since it basically shows how much they care about their customers.
Banc de Binary e seems to have taken this to heart, since their customer support system seems to be working without a hitch.
They offer email support, along with local telephone support in a number of different countries, and of course live online chat which is very quick to answer and pretty effective.

Trading Interface
As I mentioned earlier, Banc de Binary operate with their own use a very straight forward and user-friendly Spot 2.0 trading system. The graphic system is great and everything is instantly understandable. They offer a wide range of trading tools and instruments

Regular Binary Options
Banc de Binary’s interface provides quite a bit of flexibility for traders of regular binary options. You can choose between 3 different trading layouts and switch between then easily. I would recommend trying each of them and seeing which sits best with you. All of them allow for easy and straightforward trading directly from the main screen.

As you can see in the second image, Banc de Binary even offers Candlestick graphs to trade on! These graphs are fully configurable and you can see different timeframes, crucial for decision making on different expiry times.

Pairs trading

BancdeBinary also offers pairs trading option. When trading pairs, you are basically buying options as to which of two idices or stocks are going to perform better over the next period of time. This can be a pretty good tool if you expect one of the assets to make a big move while another trades sideways.

Long Term
For those not interested in the regular expiries, Banc de Binary also offers long term options with expiries reaching almost a year sometimes.

60 Seconds
Despite the name on the menu, the 60 seconds feature actually refers to short term options. This includes expiries ranging from 30 seconds up to 300 seconds (5 minutes). With 60 seconds you can also trade straight from a candlestick graph

Mobile Platform
Banc de Binary offers web mobile trading as well as dedicated mobile apps for both IOS and Android based phones. Just a short mention that their mobile apps are REALLY nice and you should definitely give them a try.

Summary

Banc de Binary offers a very solid binary options trading solution, with a robust and stable account management system.
Everything works well with them and they managed to pass all of my tests with flying colors.
The fast withdrawals, high stability and low minimum trade of $1 makes Banc de Binary a highly recommend broker.

Banc de Binary can definitely be wholeheartedly recommended!

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