Whether you’ve traded before, or you’re totally new to the world of online trading (welcome!) and just want to get more info, we recommend Banc De Binary as a great go-to brokerage. We set up an account and were really impressed with the services they offer and the top reputation that they’ve earned around the world – so please keep on reading for the full review.
Before we start, let’s just make the point that this brokerage is fully licensed around the world, so wherever you are from, you’re safe to trade with them and your money is secure. Regardless of which trading platform you end up going for, the fact that they are regulated should be a non-negotiable factor. It’s important, guys.
Ok, so let’s get straight to the trading point which is what we all care about. We really loved Banc De binary’s trading platform. It’s user-friendly and professional but still modern. It has all the popular assets – if you have a specialism and don’t find the asset you want to trade on their platform, they will even add it for you. They had everything we normally trade though to be honest - stocks like Apple, Coca Cola, and indices like the NASDAQ and DAX, commodities like gold and corn, and of course all the forex currency pairs like the GBP/USD and the EUR/USD and so on.
When you place your trade (you can invest any amount per trade that you choose from $1) you will see in advance how much profit and payout the trading platform is offering. It’s given as a percentage, typically between 70% and 90%. All you have to do is choose your asset and expiry time and then click which direction (up or down) you believe the asset will move in the time. So let’s say you invest $10 on oil going down in value in the next hour with an 80% payout, and it does go down, you will win back $18 (your original $10 plus 80% profit). If you invest $100 on Facebook stock going up by the end of the day, with a 70% payout, and it goes up, you will win back $170. Winnings appear immediately in your trading account.
Banc De Binary offer a number of different account types with a range of services included at each level. It’s worth asking about this when you register and picking the option that works best for you. We started with a basic bronze account, with the minimum deposit of $250 when we were testing out several brokerages. It included the trading platform and all the assets, email updates about the main trading events, video analysis, and access to webinars hosted by the firm’s analysts (we definitely recommend them for beginner to intermediate level traders – the one we attended on technical analysis was very informative). If you upgrade to the silver or gold account you’ll be offered a special bonus and will receive trading signals from your account manager who will also tailor a money management strategy to your ability and goals. Banc De Binary also offer VIP accounts which are amazing value if you can deposit higher amount. You’ll enjoy free loyalty store gifts and private lessons with the analysts. Plus the VIP platform has higher payouts on most of the assets.
Deposits and Withdrawals
We won’t elaborate too much here because Banc De Binary’s deposit and withdrawal process is fairly standard in the industry. You can fund your account through a bank wire transfer, or do it through an online money wallet or your debit or credit card. The money in your trading account can be withdrawn any time, but be aware that it can take a couple of days for the company to process a withdrawal request. The transactions themselves are totally secure, as you’d expect from a top regulated company.
We’ll go into more detail here because when it comes to educational support, this is an area Banc De Binary really excels at and stands out in. The firm has a dedicated educational department to support people new to binary options and even the more advanced traders can learn something new about trading every day. Be sure to check out the firm’s YouTube channel with weekly videos on different financial topics. They also have a young and vibrant blog which they created a couple of months ago to make binary trading accessible to their online readers, and it explains how the hottest news stories impact on the financial markets. You can also take part in the free webinars that we mentioned earlier, and there is a whole library of written articles on every aspect of financial trading that you could possibly want to learn more about, and more. On top of that, all Banc De Binary customers receive email updates from the licensed financial analysts about the top events to watch each week, and the free e-books that the firm’s experts have written. Plus, the higher tier account holders can easily access free trading signals throughout the day when they’re logged in to their accounts.
When you register for a trading account with Banc De Binary, you are essentially opting for a professional and all-round trading experience. You know exactly what you’re getting: you’ll receive top level customer support around the clock and the trading and technical tools you need to put you on the very best path towards success. More than that, you’ll be part of their huge and growing network and community of traders from around the world. This firm has really redefined how we trade in the twenty first century and it looks set to continue being the first to offer its clients the latest and most innovative trading experience.