Banc De Binary options broker was established in 2009. This company is said to be founded by experts in the global financial industry with the sole purpose of introducing the average investors to the binary options market. This broker seems to have beginnings in the foreign exchange and stock market. Banc De Binary (i.e. BBinary) is also claiming to have honesty and integrity at the core of their business, which seems to be the case based on the information on the website.
All the information for the CEO and management team is readily available. Besides that, Bbinary.com is very open with regards to their base location. When all is said and done any binary options broker that is open with everything will not have much to cover up.
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The Bbinary trading platform is entirely web-based and is ideal for every single trading technique. Bbinary.com is extremely user-friendly and it’s also easy to read and understand the links in the drop-down list. There are numerous links which are short and straightforward to read. This means that if you are new to trading, you will not only learn about the binary options, but could also understand Banc De Binary on its own.
There is a FAQ section that is clear and will give traders a much better understanding to take part in the trading activities on the Bbinary.com platform. Considering that all the links on the website is to the point and easy to read, the serious traders who want to take part in binary options will certainly give this broker top ratings.
Expiration times and assets
ThE Bbinary.com platform gives traders the opportunity to trade in stocks, indices, currencies and commodities. There are actually 55 assets available, which is well above the average for this industry.
Banc De Binary has expirations times such as fifteen minutes, half an hour, one hour and one day for the underlying assets. A selection of four will be a good pick, but this would not be good enough for persons who want to trade for the long-term.
Customer support, return rates and commissions
It is possible to contact the Bbinary support team via Skype, phone, fax, live chat, call back and email. There are eighteen support numbers for national as well as international traders. Basically, it would seem like this broker has one of the best customer services in this industry up to now.
Trading on this platform is free of charge, but there will be fees for withdrawal based on the method that you were selected.
The payout ranges from between 70% and 85% based on the asset and time. Nearly all stock assets will trade for 75% and the currencies range between 75% and 85% based on the time. At the moment, there is no payout rate for the options which expires out-of-the-money except in cases where longer options were bought. With this new feature, the payout rates have gone over the top because traders are now able to choose their own payout using a new system for option builder.
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Language, deposit options and bonuses
Banc De Binary is only available in English, which is probably the main downside for this website.
Deposits can be made via Credit Cards, PayPal, Online Payment system, WebMoney, Neteller, Wire Transfer and Money Bookers. In addition, the trading accounts can be denominated in EURO, US or GBP. It’s also easy and straightforward to deposit funds through the official website. They offer many methods for deposits including Moneybookers, Credit Card, AlertPay, Debit Card, Western Union and Wire Transfer.
The withdrawals will be slightly more complicated because users are required to submit forms to adhere to the laws regarding anti-money laundering, but this is something that is expected of all brokers. It is possible to withdraw the initial deposit using any of methods that was used for deposits and profits can be withdrawn via wire transfers. Absolutely no fees will be charged to withdraw money.
Traders have the opportunity to benefit from many offers for bonus such as phones, desktops, laptops, luxury watches, VIP Club membership and pocket camcorders. However, there are several questionable conditions associated with the bonus plans.
There many other features such as a blog, daily outlook, analyst, software guide, market analysis, recap of previous week, analyst recommendation and weekly review. For education material, there are sections for glossary, FAQs, trading video and user/help manual.
It is possible to trade binary options via phone, which is a feature that is not offered by other brokers. There is a great deal of open information with regards to the company, plus it’s possible to review personal data and trades.
Banc De binary offers two platforms for binary option: Fast Trader and the Pro Trader. These added features help to make this platform extremely useful to experienced and new traders. Even though this broker will offer extra features that is different from the others, they are offering the same high quality or perhaps even higher. If you have enjoyed our Bbinary review then why not post your own Bbinary review below so that others can share it and make their own decision whether or not to trade on bbinary.com.