Banc de Binary Review

Banc de Binary Review

Update: Banc de Binary is no longer receiving new clients!

banc-de-binary

Update: Banc de Binary is no longer receiving new clients!

Banc de Binary has main offices in London and Cyprus and was formed in 2008, and seeing as how this is one of the oldest binary options brokers in the industry, it’s no surprise they’re licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), and are trusted by thousands of investors around the world.

Accounts and Features

Banc de Binary has three main accounts types: the Bronze, Silver and Gold plans. The bronze account requires a $250 deposit minimum and is able to wager amounts as small as $1 per trade. The silver and gold accounts require a $2,500 and $5,000 minimum deposit, respectively, to open up an account.

The silver plan is their most popular for a number of reasons. The silver plan comes with live trading alerts, economic analysis, a direct line of communication with an account manager and one month free trading signals delivered by Trading Central.

The gold account comes with 3 months of free trading signals, private sessions with a personal analyst, and a personalized money management plan. These are all unique account features that set Banc de Binary apart from other brokers.

Platform

Like most binary options brokers who are regulated by CySEC, Banc de Binary uses the popular SpotOption platform to execute trades. SpotOption is intuitive, clean and easy to use.

Banc de Binary offers over 90 tradable assets, ranging from currency pairs to indices in stocks and major commodities. They offer traditional high or low binary trades, with expiry times ranging from 60 seconds to 1 hour.

They also offer long term, one touch, 60 seconds, option builder, and binary meta option trade types. Each of these trade types come with payout percentages ranging from 72% to 90%, which is considerably fair and around the industry standard.

Bonuses

Banc de Binary is well-known their generous bonus structure. To make newer traders feel confident about their ability to trade binary options, Banc de Binary rewards new clients with a percentage based bonus upon their initial deposit.

For a $250 deposit, traders get a 50% bonus for free, which gives them an account total of $375. Keep in mind that in order to withdrawal any account funds under this bonus structure, a trader must make at least 20 trades. But bonuses are a great way for new traders to jump start their trading career in the right direction.