Binary options Trading – with Banc de Binary you can invest just 1$ for every transaction

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Banc De Binary Broker Review

This broker is closed.

Banc de Binary Trading Platform

Banc de Binary is easily one of the most known brokers in the world when it comes to binary options trading.

In Banc de Binary review you can see how they are a regulated binary brokerage company.

They are present on binary market and available in South Africa since 2009. Banc de Binary is owned by BDB Services Ltd. with HQ in Limassol, Cyprus.

Below in our Banc de Binary review, read more regarding:

Banc de Binary broker no longer provides binary options bonuses!

Banc de Binary General Info

Banc de Binary uses SpotOption as its preferred trading software. They provide user friendly interface and for South African traders it should be simple to navigate through the site.

Banc de Binary minimum deposit is $250 with highest return going up to 90%. Minimum investment amount is only $1 while maximum investment $6000. South African traders can place trades in following currencies: European Euro, American Dollar and British Pound.

They accept traders from all across the world, including South Africa.

Banc de Binary Trading Features and Services

For the past 6 years, as we will show in Banc de Binary review, they offer trading services and tools for traders across the globe, including South Africans.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Recently, they implemented a whole new design on their platform, which makes it even more user-friendly to interested South African traders.

Thanks to its wide range of trade options and other features, we are not surprised why Banc de Binary is named as leading broker in binary options industry, present on South African market.

During our Banc de Binary review, we were pleasantly surprised how quick customer agent was on live chat and how easy it is to navigate through Banc de Binary trading platform.

Traders from South Africa have on their disposal several different trade options that can be used in trading process with Banc de Binary. These Banc de Binary review trade options are:

60 Seconds – this short term trading within 60 seconds is intended for traders who like excitement and for this reason they invest money in 60 Seconds trade option.

We can say it is riskier trade than long term because here is present a short span of time and traders should be well informed about situation of particular asset to be sure they will place trade on the right direction.

Digital Options Pro – with this trade option, South African traders should be able to decide will an option be higher or lower rate than the one it was entered initially.

Banc de Binary Digital Options Pro offers traders to choose among a variety of underlying assets and expiry times each 10 minutes of an asset on the platform. Trades can be monitored on the trading platform or on trader’s account.

Long Term – besides short term trade options, Banc de Binary provides traders with a long term investments in binary options. Traders who are involved in the trading process and read market news regarding particular underlying assets, prefer this type of trade options. Traders can use few available expiry times,offered by Banc de Binary.

Pairs – Pairs are getting more and more popular in binary options trading. With this option, traders can place 2 different assets against each other and see their performance during trading process.

South African traders can trade with stock pairs or currency pairs, depending on what traders prefer as their chosen underlying assets, such as gold and platinum or google and yahoo.

Banc de Binary gives traders a possibility to trade binary options with the following expiration times: 60 seconds, 15 minutes, 30 minutes, 1 hr and 24 hr +.

In Banc de Binary review, we have seen an impressive list of available underlying assets. With more than 200 different assets, Banc de Binary is one of the top binary brokers in the industry if we compare the asset list with other available brokers.

The whole list of underlying assets in available on Banc de Binary trading platform. We can sort all these assets in 4 main categories, such as stocks, commodities, currencies and indices.

Very popular trading services, provided by this broker, are mobile trading app and demo account.

These services we discovefred during Banc de Binary review. Mobile trading enables traders in South Africa to trade binary options when they are on the go.

Mobile platform is excellent way and it is possible because of the technology improvements and is completely compatible with Android and Apple devices. South African traders can use mobile trading platform on their smartphones and tablets.

The second trading tool available for traders in South Africa is demo account. Banc de Binary review provides traders a great place on trading platform where they can trade binary options at no risk. This way, they are allowed to test many strategies and a large list of underlying assets in demo version also.

Since there is no trading with real money, risk isn’t present and traders can use demo version of platform to improve skills and later on, be more efficient and successful in binary options trading process.

Banc de Binary provides traders in South Africa with an multilingual trading platform which is an indicator of how this broker pays attention to their traders worldwide.

Besides English, South African traders can use platform on Spanish, Russian, French, German, Italian, Portuguese, Dutch and Arabic.

Banc de Binary Trading Accounts

During our Banc de Binary review, we saw there are three available account types for traders worldwide and in South Africa. Account types are clearly stated on Banc de Binary website and each type is well explained, depending on minimum deposit amount and trading features.

Banc de Binary Bronze Account

  • minimum deposit $250
  • webinars available 2x/month

Banc de Binary Silver Account

  • minimum deposit $2500
  • trading alerts and webinars 2x/month
  • 10 days direct communication with Account Manager
  • daily market news

Banc de Binary Gold Account

  • minimum deposit $5000+
  • trading alerts and webinars 2x/month
  • 10 days direct communication with Account Manager
  • daily market news
  • binary trading signals
  • risk free trades
  • money management trading plan

Banc de Binary Customer Support

Customer support is combined with security, the main elements of successful binary options trading.

In Banc de Binary review, we tried email communication and live chat and are happy to inform our readers from South Africa about provided services. Within just seconds, agent answered our questions regarding binary trading and safety of depositing and withdrawing money.

It shouldn’t surprise anyone why this broker is listed as number 1 on our list of best binary brokers in industry. Traders can contact Banc de Binary on email [email protected] .

The new and improved platform shows slightly different way of how to reach Banc de Binary support agents. In upper part of this platform, South Africans can choose between clicking on Get Instant Answer or Urgent Questions for Management.

Under Instant Answers, a new window will open and traders can just type what they are interested about. They will be provided with top 10 articles, where also, they can find needed info under specific topic (accounts, trading basics, how to deposit? etc).

It is also important to emphasize how Banc de Binary review offers traders a great and useful Education Center with multiple trading tutorials, webinars and other mechanisms help that can help traders to be more skilled when trading binary options.

Both new traders as well as professional traders can use their educational assistance in the trading process. Free video courses, FAQ, Lion Academy, financial glossary and many more are available for traders worldwide.

Banc de Binary Banking Info

Banc de Binary review showed us they try to provide traders a high security level in trading binary options.

They use SSL and PCI protection programs, together with few more, which shows how we are talking about trustworthy binary options broker. For traders to be able to deposit with this broker, they have to register on the platform and choose deposit option by their choice and the minimum amount.

Later on, traders will receive message that their account ready for binary options trading.

Traders can make payments with credit cards, bank wire and through e-wallets (Skrill Moneybookers, CashU, QIWI, WebMoney, Yandex.Money etc).

E-wallets are becoming very popular in binary options industry de to its simplicity. Money withdrawal is possible within 3 business days. For traders to be eligible to withdraw funds, they have to send Banc de Binary few documents in order to authenticate identity and prevent possible fraud with personal data.

Documents, such as photo ID, copy of address and credit card should be sent to them. Another great advantage that Banc de Binary offers traders in South Africa is that no fee is charged when withdrawing funds, which is excellent news.

Banc de Binary Review

Banc de Binary have ceased all operations. Please visit our recommended brokers page.

Bbinary.com Binary Broker Review

Banc De Binary is one of the few binary options brokers with FSA regulation January 2020 and gave up the US satellite office. This makes them one of the former favorite US binary options brokers. They are known for their excellent customer service and positive reputation in the binary options trading community. We searched for complaints and while we did find our fair share, there was always a resolution and bbinary has maintained a positive reputation.

  • Official Website: www.bancdebinary.com
  • Headquarters: Cyprus
  • Phone Number: 800-656-6163
  • Email Address: [email protected]
  • Jan 20th, 2020 – BDB stops accepting new US traders as they are now regulated by CYSEC and are working with the CFTC. (reached a 400,000 trader milestone in late August, 2020. Received CYSEC Regulation 1/2020. One of 1st regulated brokers, leading to the CFTC Suing them back in 2020.
  • Trading Platform Used: SpotOption
  • Above average returns
  • Customer support is excellent
  • High value traders call Banc De Binary their binary options home

Is Banc de Binary a scam?

The short answer to that question is no. Banc De Binary is not a scam site. They are an industry leader and are leading the charge for out and out full regulation by CYSEC, the Cyprus Securities and Exchange commission. You can feel comfortable making deposits at Bbinary and know that the trades there are legit. We do warn you to be cautious of accepting a bonus offer. Accepting a bonus offer makings withdrawing your money quite challenging. You have to meet a series of terms and conditions in order to withdraw if you accept a bonus. If you refuse the bonus you can deposit and withdraw as you need.

Banc De Binary Home Page – Sign Up Here

Simple, Easy To Use

What do people think is a scam about Banc De Binary? What makes people think that they are not legit?

So we take a look at what some of the traders have been complaining about. A “minor” complaint in our eyes are the people griping that they can’t get their withdrawal done when they want to. Upon further explanations most admitted that they didn’t have the appropriate paperwork on file to start the process.

A more experienced trader offered up these tips which we agree with and feel that if you followed them you’d have success withdrawing as well.

Steps To Get Your Account Set Up With BancDeBinary.com

The best way to not experience withdrawal issues with any broker is to do the following:

1) Register with the broker. Wait until you complete the steps below to deposit)
2) Send your government ID, electricity bill, and credit card info (Blocking first 12digits and the 3 digit code in the end)
3) Request for a “Approved for Deposit & Withdrawal confirmation” from your account manager.
Ask her or him to email you with the above statement.
4) Deposit your amount after you receive your email confirmation
5) Withdraw without any problems in the future.

That being said we move onto the second complaint. Slightly more major in our minds yet a solution has to be out there. (I just haven’t found it yet.) Complaints of spreads being different. Some people offered up advise of taking a screenshot and presenting it to bbinary.com if you feel you’ve been cheated. Others suggested watching for spreads that are tolerable. It seems to happen frequently but if its a small spread it is easier to deal with.

Side note: A spread is the difference in price between your charts and the price they offer. Remember, when you are making the trade they offer you the trade at their terms and you can take it or not. It’s transparent even if there is a difference in price between your charts and their offer.

Cherry stepped in and gave a bit of insight on the spreads matter as well as her comments to the Banc de Binary Customer Service. You can read the full forum discussion here. It’s important to understand that these are seasoned traders sharing their long term opinion on where to trade.

Deposit Information

  • Minimum Deposit: $250
  • Deposit Methods: Credit Card, Electronic Payment, Wire Transfer
  • Credit Cards Accepted: Visa, Mastercard, Maestro, Amex, Diner’s Club International
  • Electronic Payments Accepted: MoneyBookers
  • Minimum of $1000USD for Wire Transfer

Bonus Information

Banc de Binary has up to a 100% sign up bonus with a standard account. For the nitty gritty details you’ll want to head over to bancdebinary.com now as depending on the amount you plan to invest will determine the different maximum bonus offer they will give you. Be sure you understand the terms and conditions of accepting a bonus before doing so.

Types of Options Information

  • Types of Options: High/Low
  • Expiry Times Available: 60 Seconds, Hourly
  • High/Low Payout Percentage: 72-90%

Assets Available to Trade

Commodities

  • Oil (Brent Crude)
  • Gold
  • Silver
  • Platinum
  • Sugar
  • Wheat
  • Corn Coffee

Currencies

Stocks

  • Amazon
  • Apple
  • Barclays
  • BIDU
  • BNP Paribas
  • BP
  • British American T
  • Coca Cola
  • Danone SA
  • Fiat
  • France Telecom
  • Gazprom
  • Goldman Sachs
  • Google
  • HSBC Holdings
  • IBM
  • Leumi
  • Petrobras
  • S.Bank India
  • Sberbank
  • Tata Motors
  • Teva.ta
  • Total
  • Toyota
  • Unilever
  • Vivendi Sa
  • Deutche Telecom
  • Louis Vuitton
  • Publicis Groupe
  • Sab Miller
  • Tesco
  • Vodafone
  • UBS
  • Rio Tinto
  • Aig
  • Citi Group
  • Disney
  • JP Morgan Chase
  • Pfizer

Indices

  • ASX
  • Bombay SE
  • Bovespa-F
  • CAC
  • DAX
  • DOW
  • Dubai
  • FTSE 100
  • Hang Seng
  • Ibex
  • Micex10
  • Nasdaq
  • Nasdaq Futures
  • Nikkei 225
  • S&P 500
  • SSE180
  • Straits Times
  • Tadwul
  • Tel Aviv 25
  • Topix

Banc De Binary (Inactive) Review

Banc De Binary (Inactive)

Broker Banc De Binary (Inactive)
US Traders Accepted
Company Name Ash Ltd.
Headquarters St. Vincent and the Grenadines
Regulation No
Bonus Type Match bonus
Bonus Size 100%
Max Payout 75%
Out-of-Money Reward 15%
Trading Platform SpotOption
Deposit Options Credit/debit cards, wire transfer, Skrill
Deposit Currencies US Dollar, Euro
Minimum Deposit $250
Minimum Trade $1
Maximum Trade $8,000
Online Since 2020
Trading Instruments Stocks, commodities, indices, currencies
Number of Trading Instruments 80
Binary Option Types High/Low, Option Builder, One Touch, 60 Seconds
Customer Support Types Telephone, email, live chat, Skype, mail, web form
Education Offered FAQ, articles, glossary, audio book, eBook, video tutorials, 24/7 live chat with experts, no matter the account type
Tools Offered Expert assistance, BinaryMETA, daily market reviews, trading signals, management of portfolio, classes
Awards
  • Best Binary Options Platform in North America and Asia 2020 by World Finance 100
  • Best Binary Options Broker 2020 from International Finance Magazine
Languages English, French, German, Arabic, Italian, Japanese
Demo Account Yes, deposit is required.

Banc De Binary ceased its binary brokerage activities on March 5, 2020. The review below is presented for the archiving purposes.

Banc De Binary is among the most prestigious and well-known binary options brokers out there. The company is now based in St. Vincent and the Grenadines. Currently, they are not regulated by any government institution. While Banc De Binary is a SpotOption white label like many other brokers, you’ll notice the difference the moment you visit their website. The site doesn’t have that interchangeable look, and it has far more resources and features than most, not to mention much more thorough information. You’ll discover more resources, bigger bonuses, live customer service which is truly 24/7, and a functional demo account as you explore the site.

Opening a Demo Account

We always try to push new traders in the direction of demo testing before trading live. Brokers usually make this difficult or impossible by only providing limited demo testing capabilities or none at all. That’s not the case with Banc De Binary. You’ll be given a practice account with $50,000 or equivalent to test trades on before you trade live. You do need to register and deposit in order to open the demo account, but it offers you a great opportunity to make sure that binary options trading is for you before you spend money on trades.

To open an account (demo or live), start out by depositing $250 or the equivalent in Euros. This is the minimum amount; if you deposit a higher amount, you can qualify for a bonus and other benefits (see the account tiers page). Deposit methods include credit card, wire transfer, and Skrill. You’ll find that there are no fees for deposits or withdrawals, even wire transfer withdrawals. We didn’t find any reference to a withdrawal minimum either, which is a great sign that this broker is trustworthy. It’s also listed in the demo account terms that if you decide you don’t want to trade live, you are free to withdraw your $250 deposit without spending any real money.

Trading with Banc De Binary

When you are ready to trade live, you’ll find a great deal of flexibility at your fingertips. There is a mobile platform if you want to trade on your iPhone or Android. The familiar SpotOption platform is easy to use. One of the special benefits of Banc De Binary is that you can trade as little as $1 or as much as $8,000. Trading with $1 is nearly the same as demo testing, so that’s great if you want to start trading live but either don’t have a lot of money to use or don’t want to risk much to start out with.

We counted 80 currencies, commodities, stocks, and indices to trade. Types of trading available include High/Low, Option Builder, One Touch, and 60 Seconds. The Option Builder lets you set expiry times on your own, which is a key feature to search for in any binary options broker’s platform.

Resources and Training

Another area where Banc De Binary excels is in providing traders with tools for success. Educational resources and trading tools include a glossary, FAQ, articles on trading (not enough, but a good start), daily market reviews, BinaryMETA (an enhanced platform), an audio book, an Ebook, video tutorials, and if you deposit extra, account management, classes and trading signals. One very cool feature of Banc De Binary is that you can chat 24/7 with experts no matter what type of account you open. This means that expert trading advice is included at all levels.

Customer Service is Truly 24/7

Lots of websites offer 24/7 customer service, but how many actually follow through? Most of the binary options sites we’ve reviewed don’t even staff their live chat desks during business hours on weekdays. Banc De Binary staffs their live chat desk 7 days a week, just like they advertise. We were able to talk to a live human being on a Sunday afternoon. That being said, that person was not as helpful as we would have liked, though he did make an effort. To be fair our question was a bit obscure, and would require him to research to find an answer.

So while we’ve enjoyed more useful service before, this is the most available service we’ve found to date, and it wasn’t bad service by any means. When we clicked on the live chat link, it said we had 7 seconds to wait for a representative to show up. In exactly 7 seconds, someone was there. We’ve had other sites tell us we had three minutes to wait and thirty minutes later, it became obvious no one was ever going to show up.

Conclusion

Banc De Binary has won a number of awards, including the prominent World Finance 100 award, as well as Best Binary Options Platform in North America and Asia in 2020 from the same company. We’ve seen numerous positive reviews and testimonials for them online. They’ve been around for a couple of years and have had more time to grow and build reputation than many of their competitors, which makes them more trustworthy than most binary options sites.

While Banc De Binary does have some drawbacks (customer service could have been more knowledgeable, a few more trade types would be nice, and we couldn’t find any references to rollover or early closure), it has a lot of advantages. Customer service is truly available during the entire week, there are a lot of training resources, and the company seems to really be encouraging people to try them out with a demo account before risking real money.

This commitment to customer service and education points toward a broker that is looking for long-term customers. If you’re interested in trading binary options, try opening a demo account with Banc De Binary. Test out their customer service team with questions you have. Read other customer reviews. This broker is far worthier of your consideration than the vast majority that we’ve checked into.

Banc De Binary (Inactive) , 9.0 out of 10 based on 1 rating

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

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