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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.

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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 Review

Banc De Binary

Banc De Binary is a binary options broker which is present on the market from 2008. According to users’ Banc De Binary reviews, this is a trustworthy broker which is dedicated to providing customers with the best services and a large number of assets which they can choose from. The company operates in over 80 countries and has over 250.000 clients around the globe. Traders also get the latest news from the broker which enables them to plan their moves when it comes tot he investments. In this Banc de Binary review, we will take a look at the different services which this broker offers and how you can use them if you are a New Zealand trader, as well as we will explore the opinions that users have shared.

Banc De Binary Account

Types In order to start trading with Banc De Binary, you need to open an account first. Banc De Binary offers different types of accounts which clients can choose from in accordance to their needs and the amount of money they are willing to deposit. The broker offers three different standard accounts, two premium Lion accounts, and one exclusive account. Let’s take a look at each of the account separately:

The Bronze Account is the most basic account which Banc De Binary offers. A user can open one such account by depositing $250, which makes this account perfect for novices according to Banc De Binary reviews. With this type of account, you will receive an access to webinars twice a month, as well as daily market reviews.

The Silver Account at Banc De Binary is priced from $2500 to $5000. With this type of account you will receive the benefits of a Bronze Account, as well as trading alerts and access to luxury loyalty gift store. You will also be able to directly contact your account manager for 10 days and you will be receiving trading signals for one month.

The Gold Account at Banc De Binary is one of the more premium accounts offered by Banc De Binary. With this account, you will be able to receive a lot of different benefits such as the following:

  • Daily market reviews and financial research
  • Access to webinars twice a month
  • Trading alerts and event analysis
  • Luxury loyalty store gift
  • Direct line to your account manager
  • Trading signals from Trading Central
  • Bonus protected trades from account manager
  • Introductory private session with an analyst
  • Smart money management plan

The Gold Account at Banc De Binary is priced between $5000 and $10.000.

This Premium Account at Banc De Binary costs above $10.000 and up to $25.000. Being one of the more expensive accounts which the broker offers, the Premium Account comes with all of the benefits of the Gold Account, plus some other cool advantages, such as:

  • Bonus protected trades from account manager
  • Direct line to your account manager
  • Trading alerts and event analysis Introductory private session with an analyst
  • Smart money management plan
  • Analyst educational program
  • Luxury loyalty store gift
  • Expedited withdrawals
  • First access to all option contracts
  • Platinum Account

This type of account is an account for investors who like to play huge in the world of binary trading. In order to gain access to a Platinum Account, you would have to deposit at least $25.000. This type of account comes with all the benefits of the Premium Account, plus several others, namely:

  • Access to premium trade room
  • Invite to exclusive VIP events
  • Platform payouts 2-3% higher
  • Exclusive Accounts

The Exclusive Accounts at Banc De Binary are the absolute Jasks of all trades. This are Invitation Only accounts, meaning that not everyone can get a hold of one such account. The starting price point for the Exclusive Accounts is $100.000.

The trader also offers users the access to a demo account. The demo account will be very users who are novices and who would like to take a look around at the platform and how things work before getting into real trading. By registering for a demo account, users will get a sense of how real trading works and familiarize themselves with the platform and the trading options.

Customer Service

Banc De Binary offers users a steady and reliable customer service which they can contact if any doubt. The live chat options the first thing you will see on Banc De Binary Website. By initiating a live chat, you can talk to a representative of the company who will answer to all your questions. Also, the company offers live chat support via Skype, meaning that you can simply give them a call.

On Banc De Binary website, you can also find other contact information which you can use depending on your location. Just select the location and you will see the available means of contact.

According to what users said in their Banc De Binary reviews, the customer service is really a one you can rely on and get a fast reply. This is crucial in the world of binary trading – all of the queries need to be answered immediately so the investor does not lose any time or potentially – money.

Deposit and Withdrawal Methods

Banc De Binary offers users a great array of payment and withdrawal methods they can use depending on the location that they are in. Wire transfer is available for users from any country in the world, as well as credit cards which are processed via clearing agency. Also, the broker offers a lot of different alternative payment methods. For example, if you live in New Zealand, you can make deposits and withdrawals via Polinz.

Banc De Binary is a certified broker which is involved in Anti-money laundering policies in order to provide users with a safe experience. In order to withdraw money you would have to confirm your identity by submitting a copy of your ID, a copy of your credit card and a proof of residence.

Assets and Binary Options Types

Banc De Binary is a trusted and awarded broker due to the company’s efforts to offer clients with a steady customer service, a majority of assets, and a stable platform.

Traders who trade with Banc De Binary have the opportunity to trade with a number of different assets – 190 to be exact. The assets are divided into four different categories: commodities, indices, stocks, and currencies.

When it comes to the binary options types, Banc De Binary offers the famous Call/Put option, which according to Banc De Binary reviews, this is a favourite options for traders. The Call/Put option is a simple way of trading, where the user have to predict the price of a certain asset. To put it even in simpler words, the trader needs to guess whether the price of the asset will go up or down in comparison to the current price by the end of the expiry time. If the user guessed right, then it is a clear win situation.

Banc De Binary Trading Platform

Banc De Binary offers its users a stable and easy-to-use trading platform. The platform is easy to navigate through, and selecting and asset to invest in is very obvious. Banc De Binary also offers its users a mobile app which is available for iOS and Android. The app is user-friendly, and it offers users the same capabilities as the desktop version. User who are often on the move can enjoy trading in every environment, and the only thing they would need in order to do so is a stable internet connection, and of course, a smartphone or a tablet.

We can agree with many Banc De Binary reviews that this broker is definitely one of the best ones on the market. If you are looking to become a trader, the Banc De Binaryis definitely a broker you should consider. The customer service and the stable platform is what draws more and more customers to the platform. In order to make sure, be sure to check out the platform yourself and read more Banc De Binary reviews!

General Risk Warning! your capital may be at risk

Banc de Binary

Overview

IMPORTANT: Banc De Binary is closed for business. You can check one of our best forex trading systems:
Fintech LTD and HBSwiss

Details

Broker Banc de Binary
Official Website URL Bancdebinary.com
Headquarters Kanika International Business Centre office 401, Profiti Ilias 4, Germasogeia 4046, Limassol, Cyprus
Support Number +44 207 099 2097
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $250 / $500 for Canada, Germany & Austria
Minimum Trade Amount $1
Payout 89%
Free Demo Account Open FREE Demo NOW
Account Types Bronze, Silver, Gold
Deposit & Withdrawal Methods Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), WebMoney, CashU, AstroPay, YandexMoney, etc.
Number of Assets 170+
Account Currency USD, EUR, GBP
Overall Score 9/10

Full Review

Banc de Binary is a trusted broker in the market. This broker offers outstanding trading options and services on a platform design and layout that is very clean and modern. Read this Banc de Binary review to find out more about this broker.

Upon signing up with Banc de Binary, you will be assigned your very own personal account manager. The manager will call you and guide you on the process of making a deposit and starting to trade on Banc de Binary. In addition to the regular Forex that enable you to select CALL/ PUT, there are 2 great features referred to as Rollover and Double Up.

Banc de Binary offers good live chat services. While not the fastest in the country, it will provide you with the help you require should you wait 5-10 minutes. It is possible to make a deposit on Banc de Binary via bank wire or using a credit card. While depositing via credit card is free of charge, transacting via bank wire will incur a fee of $25 for every withdrawal. If you are interested in Banc de Binary deposit terms and the required minimum deposit amount you can check this review.

Banc de Binary Pros

It is possible to trade with as little as $1 on the Banc de Binary 60 seconds options, which is lower than the industry standard. Upon request, you can also obtain a free eBook and learn more regarding Forex trading.

One of the best features of Banc de Binary is the fact that the broker offers 10% cash back on every trade lost. Because Banc de Binary is 100% web based, traders do not have to download any trading software before they may begin trading. This broker uses the famous Spot Option software that is very simple to use, and does not require any previous trading experience.

Review Verdict: Banc de Binary is NOT a Scam

Banc de Binary Cons

Before you make your first deposit, Banc de Binary will offer you three different bonuses. These bonuses can place restrictions on your trading account, by making you subject to a minimum wager requirement. It is important to take into account that a real money bonus would require wagering. That said, you are not obligated to receive the bonus that Banc de Binary offers you.

Banc de Binary also requires a scanned photo-ID provided by every trader to prove their identity, along with a utility bill. While some honest traders may find this to be an unnecessary hassle, the aim is to comply with international anti-money laundering laws.

If you choose to make a deposit using a credit card, for security reasons you will also be required to scan this. It is highly recommended that you cross out four of the twelve digits for your own security.

Banc de Binary Minimum Deposit

As with all services provided by Banc de Binary, depositing funds is simple and secure and traders will have the money available in their trading account within minutes after the transaction is complete. Deposits can be made via a wide range of methods, including international and domestic bank wire transfers, credit cards, online payment services like Moneybookers as well as various other alternative payment methods.

The best choice of my life is when I start trading with Banc de Binary! It’s not always easy to choose a good broker but I did it!

I gathered money for some time to join banc de binary – best decision of my life, this is the best broker I have seen!

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Only For Experienced Traders!

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