Banc De Binary is one of the original binary options firms. It was founded in 2008, several years before the boom in the industry. For this reason and others, they are on top of their game. They are regulated by CySEC and FCA so you should feel safe investing with them. The site is sleek and user-friendly and has a professional appearance that is lacking on many of the competing platforms. Trading options are aplenty and trading plans can be adjusted to meet the needs of most clients.
Trading Options and Platform Features
Banc De Binary’s trading interface is operated by SpotOption so you know it’s a good set up. There are dozens of assets to choose from and they offer higher than average returns: 70%-91%, although you’ll rarely find a trade that actually gives you such a favorable payout. There are different plan options, but after close examination, it’s quite evident that Banc De Binary is chiefly pursuing the big guns. The benefits of smaller accounts are not so impressive, while the incentives that come with large accounts ($50k and up) are rather luxurious.
The minimum deposit is $250 and the different deposit methods include credit/debit card, wire transfer, and electronic payments. Although the minimum is $250, keep in mind that if depositing via wire transfer, the smallest amount allowed is $1000. The withdrawal process is quick and painless as long as all of the standard verification documents have been sent it. If all is good, the processing time takes no longer than five days. Another plus, is that there are no withdrawal fees (not including personal bank and processing services).
Bonuses and Promotions
Bonuses of up to 100% are available on even the most standard of deposits. As always, it is best to speak directly with an account manager when signing up for a bonus in order to design a plan that works best for you. There’s lots of fine print so it’s important to understand everything to avoid issues down the line. Of course, there is no obligation to take a bonus, and Banc De Binary makes it a point of clarifying that bonuses are never given out without the expressed consent of the client.
The Customer Service experience at Banc De Binary is unquestionably one of the best. CS reps are on call 24/7 and provide expert-level assistance over the phone, by email, and via live chat. Response time on emails is roughly 48 hours and chat response is immediate. Technical and financial issues that are generally passed off to other departments are answered by the Customer Service reps with the utmost care and consideration.
Banc De Binary is a top-notch operation, and you can sense it from the moment you register an account. Serious and experienced traders would do well to trade with this company. It might be a bit intense for novices, but Support reps, Account Managers, and Jr./Sr. Analysts are all readily available to assist with even the most elementary of questions
Pros: Grounded in the industry, regulated, easy withdrawal process
Cons: High minimum for wire transfers, insignificant benefits on smaller accounts
Support Options: Email, phone, live chat, Skype
Languages: English, German, French, Russian, Spanish, Italian, Greek, Arabic, Chinese
Regulation: CySEC, FCA