Review on Banc de Binary
Binary Options remains one of the simplest and legitimate ways to trade and make money online. Banc De Binary, with its spot option platform, is one of the better choices that a trader can make for his binary options trading requirements.
With so many scam brokers in the binary options industry, it can become rather overwhelming to make the correct choice for a broker. In our impartial review about Banc De Binary, we will assess the trading platform, analyse its pros and cons, and check out what other reviewers are saying about this Binary Options Broker. Our first focus is always on Regulation. Is Banc de Binary a Regulated Broker?
Banc de Binary is one of the best brokers today on the options market. Established in 2009 it is one of the original binary option brokers. Owned by DBD Services and located in Cyprus. Banc de Binary are regulated by CySEC under licence number 108/13. This automatically means that they will be under constant review by the regulating board in Cyprus against any malpractice.
Review Special Features offered by Banc de Binary
If you are a new trader Banc De Binary have an exclusive offer of 3 Risk Free Trades. Meaning you can take 3 trades whereby if you LOSE your trade, you get to keep your trade stake but if you WIN you get to keep your capital and profit. This is a much bigger advantage of a trader than accepting a bonus. It is of particular advantage to new traders, because it reduces their risk of exposure.
Banc de Binary offers different classes of Accounts
Banc De Binary offers differentiated accounts. In other words, the more you deposit the more benefits you will have. The low end account is called Bronze and requires 250 EUR initial deposit, followed by the Silver account (minimum deposit 2,500 EUR) and by Gold account (minimum deposit 5,000 EUR). A personal Coach is dedicated to New Traders. On offer is a free trading eBook, free online trading educational videos and free trading webinars. You can improve your trading strategy by reading their online education resources.
Review Software and Services offered by Banc de Binary
Other than the classic Binary services, that is the PUT/CALL options for periods of times starting from 15 minutes upwards, Banc De Binary has updated their SpotOption trading platform to 2.0. This has resulted in a smoother trading performance especially. This interface is now also incorporating a new service .Speed Trading. The platform offers 60 second, 90 second, 180 seconds and 300 second trading. Such an option is ideal when a trader is fast trading to correct any price spikes for longer trades.
Banc De Binary offer support 24/7 in various languages via Live chat, and email. Their help desk and dedicated managers are communicating in the following languages.
Depositing Funds with Banc de Binary
Minimum Deposit: $250
Curries accepted and traded by Banc de Binary include, US Dollar, British Pound, the Japanese Yen and the Euro.
- Deposit Methods: Credit Card, Electronic Payment, Wire Transfer
- Credit Cards Accepted: Visa, Mastercard, Maestro, Amex, Diner’s Club International
- Minimum of $1000USD for Wire TransferAccount Funding: Visa, MasterCard, Dinners Club, Maestro International, JCB, Carte Bleue, Dankort, CartaSi, Laser, Discover, Liberty Reserve, MoneyBookers, Money Gram, Wire Transfer
- Withdrawals. Applications for withdrawals are treated within 3 days. Withdrawal equivalent to the deposit can be made directly into the same method of receipt. Large withdrawals of profits are usually paid via Wire Transfer.
Is Banc de Binary a Legitimate or a Scam Broker?
Binary Options Brokers are legitimate as far as they pay-out system remains legitimate. If a Broker does not pay out profits, it looses its reputation and becomes a scam broker. Banc de Binary have chosen to be regulated simply because their reputation is of high validity. Complaints about Banc de Binary are almost non-existent. In cases of dispute, it is usually a case where a trader will not have verified his account. Non verified accounts cannot apply for withdrawals.
What are the requirements for verification of a Binary Options Trading Account?
One you have subscribed to Banc de Binary, you will be requested to verify your account. This means that you will need to upload a verification of your identity by scanning a recent valid ID such as a passport, driving licence or identity card. Furthermore, you will be required to validate the address with which you registered by scanning a utility bill in your name holding the same address.
If you have funded your account by a credit card, you are further requested to scan a copy of the back and front of the card used, of course hiding the digits in front, other than the last four.
Failure to verify your account, will mean that you cannot withdraw your capital and profits. This is standard requirement by all regulated brokers to ensure that they are not endorsing money laundering
Conclusion on Pink Panther’s review on Banc de Binary
Banc de Binary has maintained a transparent reputation by giving information about their management team, location of their offices, and the fact that they are based in the famous Trump Tower, New York address. Banc de Binary is a Cypriot corporation based in Limassol, Cyprus. It is affiliated with ET Binary Options Ltd., BO Systems, Ltd., and BDB Services, Ltd. Banc de Binary is a legitimate and highly recommendable Binary Options Broker. Banc de Binary is NOT SCAM.