Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!
Perfect For Experienced Traders!
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.
Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!
Perfect For Experienced Traders!
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.
- 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
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
- Oil (Brent Crude)
- Corn Coffee
- BNP Paribas
- British American T
- Coca Cola
- Danone SA
- France Telecom
- Goldman Sachs
- HSBC Holdings
- S.Bank India
- Tata Motors
- Vivendi Sa
- Deutche Telecom
- Louis Vuitton
- Publicis Groupe
- Sab Miller
- Rio Tinto
- Citi Group
- JP Morgan Chase
- Bombay SE
- FTSE 100
- Hang Seng
- Nasdaq Futures
- Nikkei 225
- S&P 500
- Straits Times
- Tel Aviv 25
Banc De Binary Review
Banc De Binary is considered to be one of the most well-known and reliable binary options brokers. It was founded at the beginning of 2009 and since then this broker had been providing only the most profitable and easiest financial services to investors. The number of account holders exceeds 250 thousand worldwide. Nowadays, Banc de Binary provides the best solutions for trading on its safe online platform and is known as World Finance Company with multi awards.
It is regulated even not only by CySEC (under license № 188/13) but also by 22 world-wide financial regulators, which can guarantee a safe environment for trading to all customers.
Our Banc de Binary review is about the broker who offers the latest analysis of the market, webinars from experts in finances, educational videos and tutorials, the latest news for hit success of its clients. Customers around the globe are set apart with the variety of 190 assets for trading and Banc de Binary demo account in order to be ahead and to benefit from the latest market trends.
The broker pays a lot of time training its staff for the purpose of each client to be able of getting qualified support by telephone, Skype, online chat or email. All questions on the part of traders are processed very quickly. You can consult on any occasion, any questions after reading Bancdebinary.com review, from the most trivial issues, etc.
|Minimum Trade Size||$1|
|Account Types||Basic, Corporate, Expert, Professional, VIP Account|
|Account Currencies||EUR, GBP, USD|
|Withdrawal Fees||No Withdrawal fee is charged|
|Traders From USA|
|Option Types||60 Seconds, Call/Put, Long Term, Pairs|
|Safety Net||Up to 1%|
|Touch Options (Max Rates)||350%|
|Educational tools||eBook Beginner Glossary Beginner Video Tutorials Beginner Webinars Beginner Interactive Course Beginner eBook Intermediate Interactive Course Intermediate Webinars Intermediate eBook Advanced Financial Management Advanced Webinars Advanced Economic Calendar Extras Daily Market Analysis Extras Trading Alerts Extras Live Feed Extras Personal 1-on-1 coaching sessions Extras|
|Assets||Commodities, Forex Pairs, Indices, Stocks,|
|Forex Pairs||AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/JPY, EUR/AUD, EUR/CAD, EUR/GBP, EUR/JPY, EUR/USD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/TRY, USD/ZAR|
|Stocks||3M, AIG, ALIBABA, ALLIANZ SE, AMAZON, ALPHA BANK, ANZ BANK, APPLE, AXIS BANK, BANCO SANTANDER, BANK OF AMERICA, BARCLAYS, BAYER AG, BESTV NEW MEDIA, BHP-AU, BHP BILLITON, BAIDU, BLACKBERRY, BMW, BOEING, BP, BRITISH AMERICAN T, CATERPILLAR, CHEUNG KONG, CHINA PACIFIC INSURANCE, CISCO, CITIGROUP, COCA COLA, COMMONWEALTH BANK, DAIMLER AG, DANONE SA, DISNEY, EBAY, EXXON MOBIL, FACEBOOK, FIAT, GAZPROM, GENERAL ELECTRIC, GOLDMAN SACHS, GOOGLE, GROUPON, HSBC-HK, HSBC-HK, IBM, JOHNSON & JOHNSON, JP MORGAN CHASE, KEC (SA), KING DIGITAL, LAS VEGAS SANDS, LEUMI, LINKEDIN, LOUIS VUITTON, LUKOIL RS, MCDONALD’S, MICRON, MICROSOFT, NATIONAL AUSTRALIA BANK, NETFLIX, ORANGE S.A., PETROBRAS, PHILIPS, PUBLICIS GROUPE, RENAULT, RIO-AU, RIO TINTO, ROSHOW TECHNOLOGY, ROSNEFT’, S.BANK INDIA, SAB MILLER, SAUDI BASIC INDS, SAUDI REFINERIES, SBERBANK, SHENZHEN TATFOOK, SIEMENS AG, STARBUCKS, TATA MOTORS, TATA STEEL, TESCO, TESLA, TOTAL S.A., TOYOTA, TWITTER, UBS, UNILEVER, VIVENDI SA, VODAFONE, VOLKSWAGEN, VOLVO, WALMART, WESTPAC, WYNN RESORTS, YAHOO, YAOJI PLAYING, ZHEJIANG DAILY MEDIA|
|Commodities||Coffee, Gold, Oil (Light Sweet Crude), Platinum, Silver, Sugar, Wheat, Corn|
|Indices||ASX 200, ASX 200 FUTURE, BOMBAY 30, BOVESPA-F, DAX 30, DAX 30 FUTURE, DOLLAR INDEX F., DOW JONES 30, DOW JONES 30 FUTURE, DUBAI, FAZ-SHORT BANKS, FRANCE 40, FRANCE 40 FUTURE, FTSE 100, FTSE 100 FUTURE, HANG SENG, HANG SENG FUTURE, IBEX 35, IBEX 35 FUTURE, JAKARTA SE, KL FUTURE, KOSPI, MICEX, NASDAQ 100, NASDAQ 100 Futures, NIFTY, NIFTY FUTURE, NIKKEI 225, NZX50, SPI 200 FUTURE, QATAR, SHANGHAI COMPOSITE, SHENZHEN 300, SMI 20 FUTURE, S&P 500, S&P 500 FUTURE, SSE180, STRAITS TIMES, TAIEX, TEL AVIV 25, TNA-LONG X3, TZA-SHORT X3, VIX|
Financial Conduct Authority Spanish Securities Market Commission Italian Securities and Exchange Commission Federal Financial Supervisory Authority Financial Market Authority Cyprus Securities and Exchange Commission The Autorité des marchés financiers – France Hungarian Financial Supervisory Authority – Hungary International Financial Services Commission
No Withdrawal fee is charged
Touch Options Payout (Max)
Banc De Binary Demo
Banc de Binary has distinctive alternatives with the goal to provide the best suitable account options for of a wide range of client’s needs. Let’s take a closer look at the types of accounts in this Banc de Binary review.
All the types of accounts guarantee you an access to all 190 trading assets, analysis of daily market and customer support.
Bronze account requires a 250 EUR deposit.
Silver account has a higher value of 2 500 EUR investment and gives you 10 days of direct line with an account manager, events analysis and one month of trading signals submitting.
The Golden one (5 000 EUR deposit), inter alia, provides more elite services like management plan and risk free trade from account executive.
There are also two Lion Premiere Accounts (Premier and Platinum) for professionals in binary trading, and they have additional exclusive features as extra 2-3% payouts, invitation on events for VIP traders, accelerated withdrawals, etc.
Exclusive Accounts require 100 000 EUR investing and are available only by an invitation.
As well as all respectable and reliable brokers, this broker provides clients with Banc de Binary demo. But you can request for it only when you open your account and make a minimum deposit. Banc de Binary demo allows to learn binary options trading closer and to practice without any real money.
Bank de Binary provides its traders with an initial boost in the form of a welcome bonus, and while trading, the more is a monetary payment, the greater potential benefit you can get. So if your first investment is 250$, you get a 100% bonus that is additional 250$ on account. This provider also rewards its clients with specific bonuses during some events.
Not taking into account usual broker’s online platform, it also has an excellent platform for mobile binary options commerce, which is available for Android and iPhone users. Such mobile app allows you to deal with trading assets from anywhere in the world, at any time. This trading app is designed with a quick navigation, history of your transactions, access to 24hours news, charts and is totally free.
Also, it can be mentioned in this Banc de Binary review that this broker offers a special free feature called ZuluTrade. It allows you to watch the actions and the success of top traders around the world, thus allowing you to follow their experience, try their strategies, etc. You can be as a novice who wants to explore principles of binary trading, as advanced user who is looking for new ideas, inspiration or new approaches to trade. Just pick the preference one from the variety of best traders and duplicate their actions.
Banc de Binary Withdrawal Problems
Depositing your account is safe and easy, and it should not cause any problems. After a few minutes, your funds will be noticeable on the trading account. You can fund in Euros/US Dollars/British pounds and your withdrawal currency will be the same as your investment currency in order to avoid Banc de Binary withdrawal problems. This company performs such depositing types:
1. Credit Card – is the easiest and fastest way to fund an account. The withdrawal process usually takes about 2 or 3 days.
2. Third Party Credit Card – when you use this type of investing, you need to log in MoneyBookers web-page. If you deposit amount that exceeds 1 400 EUR, you need to open MoneyBookers account. If less than 1 400 EUR, you do not need to create it. Third Party Credit Card withdrawal is instant.
3. Wire transfer – is preferred by those, who want to deposit more that 50 000 EUR, but note that this transaction can take about 5 days.
4. Other methods as QIWI, CashU, AstroPay and others.
Also, we can add in this Bancdebinary.com review that variants for withdrawal are the same as when you fund your account, so there shouldn’t be any Banc de Binary withdrawal problems. The list of required documents you can find on the official broker’s page at section “Banking and security” – “Compliance”. There is no withdrawal fee& and the minimum money request should be 50 EUR. The process of transaction lasts up to 5 days.
Banc de Binary Scam
In our Banc de Binary review we also want to touch on such a topic as Banc de Binary scam. On the Internet, you can find a lot of both positive and negative reviews. Of course, good feedbacks are from customers who are satisfied with advanced trading platform and support services. It offers excellent modern binary options where you can get a high trading experience and a good profit. One of the biggest reasons that the broker is preferred to others is its full adjustment by CySEC and many other financial organizations. So this company is known as a leader in the industry and traders can make deposits easily and confidently.
Banc De Binary
Banc de Binary have closed and are no longer trading. This broker is no longer accepting new customers.
The sales method known as “upselling” has ultimately damaged their reputation and business. Brokers operating similar models will hopefully take heed and provide higher levels of customer service in order to run sustainable operations.
Return to the broker comparison table to search for an alternative broker.
Banc de binary ‘eu’ are one of the largest binary options brokers in the world. Their global brand name is what sets them apart from other rival trading brokers. They provide binary options in 180+ assets in over 30 countries. They cater for traders in more than 80 different countries around the world. Their mission statement is “simplicity pays“, and that tagline is central to the business.
Banc de binary still pride themselves on their customer service, despite their growth since 2008. From one to one tuition to video tutorials and e-books, Banc de binary offer as much help as a trader requests. Complaints about the firm however, stem from account managers who encourage large deposits, and often over trade, or suggest clients to. As ever in binary options, it is always best to trade yourself. Never let anyone trade on your behalf.
Here are some of the other key details;
- Demo Account – No
- Bonus details – Up to 100%.
- Minimum Deposit – $250
- Minimum trade – $1
- Signals service – Yes. This forms part of Silver or Gold account packages.
- Mobile App – Yes. Android and iOS.
The Banc de Binary platform offers a fast, user-friendly method of trading options. Spot Option backed, the trading area delivers clear layout, all the key data can be easily found.
The top of the trading platform is where traders can select the asset, the expiry time they wish ti use, and the size of their trade. Updating these will change the price graph, and trading buttons with the up to date data for that asset and expiry. Changing the trade amount updates the ‘projected payout’ figure too.
Under the trade selection bar is the main price graph. This can be changed to reflect different time periods, with options of 30 minutes up to 12 hours offered. To the right are the trading buttons and key trade details. The current price, and payout, the expiry countdown and the call and put buttons (clearly marked). The trading area is very intuitive. The final feature is a trader sentiment bar
The trading platform provides a clean, organised area.
Who regulates Banc de Binary?
Banc de Binary are regulated by CySEC (License 188/13). They are also registered with a number of other organisation including the AML in France and the FCA in the UK. They are not regulated by those bodies however, merely registered with them, which is not the same thing. Any trader disputes would need to be taken up with CySec.
The firm offer a good selection of binary option types.
- Binary Options – The traditional Up/Down options. Will the asset rise in value, or fall?
- 60 Seconds – The 60 second options work in the same way as a standard binary option, but the expiry times are very short – 60 seconds or less.
- Pairs – Which of two assets will rise in value most? The pairs of assets will generally be in the same asset category, for example Google versus Amazon, or Gold versus silver.
- Long term – Long term options follow the same principals as standard binary options – but the expiry periods are over long time frames. Anything over ‘end of day’ expiries are classed as long term.
The assets lists are very big, and it is a clear strength of being a global brand. They also command a large share of trading volume, which means their large asset list is also available to trade. Some smaller brokers may list certain assets, but then not be able to open them due to a lack of volume
When Banc de Binary generate complaints, it generally revolves around the practice of ‘upselling’. This is where an account manager from the firm, will contact a client and offer them advice. This advice can often lead to large deposits, and pressure on the client to trade beyond their means. It very rarely ends up profitable for the trader – much the opposite.
The brand offer a good trading platform and educational materials, but traders must beware of any account managers and ensure they take responsibility for their own trading. Never let anyone else trade on your behalf. As an ‘over the counter’ broker, there is a clear conflict of interest where anyone from the firm offers to trade for you.
Banc de binary offer a free mobile trading app. Delivering full access to all areas of the full website, so traders can trade on the move and ensure no trading opportunities are missed.
The app is available on iOS (iPhone and iPad) and android. The trading area appears more or less the same as it does on the web based platform.
Live charts are also available via the mobile app, designed thoughtfully for smartphones and tablets. A responsive design means the charts display well regardless of the device used. Account management features are also available on the app.
The mobile app delivers a great user experience and is fully functional.
Returns are 86% on most options. Payouts will vary depending on the asset and the expiry time of the trade. The percentage may also move depending on trade volume. The returns on the more popular assets are good compared to their rivals. Payout comparison can sometimes prove difficult, but BdB do pay a fairly consistent level across all assets.
Deposits at Banc de Binary are secure and robust. There is a deposit option on the right of the login area, visible once a user logs in. Once confirmed, deposits are available to trade immediately. There are a variety of deposit methods to choose from – credit card, bank wire transfer (international or domestic) and Skrill. Any withdrawals are generally returned via the same route that a deposit was made. This is a common policy throughout binary options brokers, and is a measure against laundering.
Withdrawals can be made anytime, but there is a minimum withdrawal figure of $50. The broker will always require some proof of identity before authorising any withdrawal, again this policy is fairly common with binary firms. These delays are sometimes the cause for disputes, so proof of ID is best sorted out as quickly as possible after opening an account.
Withdrawal authorisation will require;
- A form of photo ID (driving license for example),
- A recent utility bill.
Both documents will need to show the address of the trader. Once received, withdrawals will then become. When using a credit card to deposit funds, Banc de Binary need an image of the card (both sides). These steps are required by the regulator in order to protect traders, and to ensure their funds are separated and protected.
Withdrawals should be sent out in 5 working days. There is no charge or fee for any withdrawals. ‘Pending’ status withdrawals can also be cancelled, this is useful if funds are needed for trading again.
Banc de Binary delivers these additional features and benefits:
- International reach – Banc de Binary offers trading to over 100 countries, and lists assets from over 30.
- 24/7 trading – Where markets are open, the trading platform will be open.
- Loyalty rewards – The firm offer a number of loyalty rewards to regular traders after sign up.
- Account Types – There are four levels of login account; Bronze, Silver, Gold and Lion Premium. Each level offers further benefits including gifts, trading alerts and private sessions with analysts.
How do they make money?
Banc de Binary offer ‘Over the counter’ binary options, and are the counter party to each trade. If they have traders on each side of any trade, they will profit regardless of the outcome due to the payout being less than 100% to the winner. Where the trade is not covered on both sides, BdB will effectively only profit when the trade loses.
Banc de Binary demo account?
At present Banc de Binary do not currently offer a demo account. They are one of only a few major brokers who do not offer such a service, so we hope they will reconsider this policy soon.
Are Banc de Binary a Scam?
While the brand is not a scam, the process of ‘upselling’ has damaged their reputation. This is where account managers contact clients in order to encourage larger deposits and more trades. This advice is generally not in the best interest of the trader.
This type of behaviour is rare, but traders should be aware of the risk, so that should they receive such a call, they can say “No thanks”.
The withdrawals and trading platform both generate very few complaints, so if the firm were able to stop this practise of upselling, their reputation could be restored.
Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!
Perfect For Experienced Traders!