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About Banc de Binary
I’m sure you recognised the name before even reading loading up this page to read a related review. Banc de Binary is one of the worlds foremost and best-known binary options brokers. The breadth of tradable assets is only matched by how widely available they are. More than eighty countries, on practically every continent employ, Banc de Binary’s services, and you can trade nearly two hundred different assets on their website.
Designed with experienced traders in mind, but perfectly accessible to the average person, Banc de Binary has always prided itself on the way it treats its customers. Indeed, its motto completely sums up its philosophy on the subject, “Simplicity Pays”. You won’t find any better place to develop a binary options strategy than Banc de Binary, because their website is filled to the brim with helpful instructional videos and ebooks that will teach you everything their is to know about binary options trading. Also boasting the lowest minimum trades around, it’s little wonder why so many people cut their teeth on binary options trading here.
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Platform Features
Banc de Binary completely revolves around streamlining the binary options trading process as much as possible for the average person. The trading area can be thought of as Banc de Binary’s central hub, as it’s where everything happens. All of your options and assets are listed here, with the most common ones being included under “Most Popular”. You have the option of breaking down assets into four main groups in indices, currencies, commodities and stocks. From there you can filter down the list to specific assets with specific expiry times. For pro traders, you can watch dozens of trades at once by collapsing the price graph and reducing window sizes. While this doesn’t leave a lot of information outside of the asset’s value to be monitored, it does give you a constant bird’s-eye view over everything you own.
Banc de Binary’s trading hub also provides plenty of information on every asset you are trading. All assets display their value and expiration time, but you can always adjust what is displayed. If you change the trade amount at any time your “projected payout” figure will update as well. The right side of the graph contains all of the most important information. This is where your current asset price and payout is displayed, as well as all of the buttons for making trades. These buttons are designed to be functional and easy to use, so don’t worry if you are new to binary options trading. The most popular assets are included underneath the “trader’s choice” section.
As is the case with many binary options brokers, you can trade binary options four different ways here. The most common method is to simply trade “binary options” – this involves betting upon whether or not a certain asset will rise or fall in value. Trading in pairs means that you are betting that one asset out of two selected will perform better than the other. This can be anything, but they are usually related to each other – gold and silver for example. Long-term options appeal to binary options traders who are used to seeing things in a longer-term perspective. This functions exactly the same as a standard binary option, except the expiry periods can extend for as long as a year or more. The inverse of this is the 60 seconds trade option. If you are looking for lightning-fast turnarounds, this is the choice for you. Timed right, you can make a smart fortune through quick market movements.
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Trading choice
When it comes to trading choice Banc de Binary delivers plenty, with it coming about through a deep raft of account types. Not settling for any quick fit, one size fits all options, what’s here can cater to traders of all skill levels and budgets:
- Micro Silver Account – Entry-level account, minimum deposit of $250 required.
- Standard Gold Account – Advances level beginner account, minimum deposit of $5,000 required.
- Personal Account Manager Account – Professional level trading account, minimum deposit of $35,000 required.
- Banc De Binary Premium Account – Advanced level premium account, minimum deposit of $50,00 required.
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Mobile Trading
Banc de Binary’s mobile trading app is completely free to use. What’s even better is that its functionality is not at all limited – everything that is found on their PC site can be accessed on their mobile platform as well. The mobile app keeps you constantly updated on every bit of news that might affect both the current and future price of your assets. From here you can also access your complete trading history as well as your account’s balance of funds. Banc de Binary’s app works on all Android and iOS devices.
For more experienced traders, plenty of live charts are available for viewing, specifically re-sized for your smartphone’s screen. The errors in display size are incredibly minor, and I found that these charts were very helpful when I needed to see how the markets were performing at a glance. Your account can be managed from your smartphone at any time – if you want to make a deposit, you can do that right on your smartphone if you don’t have access to your PC.
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Payout Percentages
Banc de Binary’s payout rate for binary options is 86%, which is fair for the industry. Keep in mind that there is quite a bit of variation on payouts between different asset types. But overall, the rate is more than fair compared to what some other binary options brokers offer (think under 80%). The only thing Banc de Binary lacks are some of the high risk/high reward options, but this also means that you are a lot less likely to lose everything due to one or two bad trades.
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Withdrawal and Deposit Options
Banc de Binary adheres to the highest standards when it comes to protecting your sensitive financial information and assets. As such, any withdrawals made require an increased level of documentation that can potentially extend the process to over a week if you are not prepared. All withdrawals have to be at least £50 in size, which is actually quite a bit lower than what some other binary options broker require. You will need a valid photo ID (a driver’s license works well) and a utility bill dating back to no more than a few months. Make sure that both of these IDs show your stated address. If you are using a credit card, you’ll also need to submit photos of both the front and the back of the card. No fees are charged when withdrawing funds, and once you have been authorised to do so it will take five days to clear. Banc de Binary doesn’t suffer from fraud like a lot of other binary options brokers because of security measures like these.
On the other hand, deposits are a lot easier to make. You won’t need any forms of identification – just choose a deposit method (credit cards, international banks and Skrill are all accepted) and the money will be deposited instantly to your account. Both deposits and withdrawals are made through the same route, so if you have any concerns you can always verify with the provider you are using.
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Banc de Binary Final Thoughts
There isn’t much else for me to say that the others haven’t already stated, as Banc de Binary is one of the very best binary options brokers around. It isn’t just due to their website design, although that does factor in. What really stands out is how they make it easy to be a trader and implement a binary options strategy, yet at the same time the website’s functionality is powerful enough that it offers plenty of more advanced features that experienced traders are sure to love. The payouts are decent, the experience is smooth – you could do a whole lot worse than choosing Banc de Binary for conducting your binary options trading that’s for sure.
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