Opinions about Banc de Binary

IMPORTANT: Banc de Binary has stopped offering its services. However, in our domain you will find an entry with the best online brokers of 2021 to help you choose a portal that suits your needs while ensuring secure transactions and operations.

Is Banc de Binary a scam? To answer this question we must attend to a number of factors, such as the type of regulations to which it adheres and the experience with the broker. In this case and taking into account what has been said, the platform that we are dealing with in this review is not a scam.

We are talking about a broker registered with the Cyprus Securities and Exchange Commission of Cyprus, with License number 188/13 and also with the CNMV with registration number 3370. Their asset offering is quite interesting and with an interesting bonus policy.

Find out about everything in this article.

Our experience with Banc de Binary

Banc de Binary was one of the first binary options financial intermediaries to formalize its status with the Cyprus National Securities Commission. The management of the funds is also very secure and to prevent anyone from taking the money out of your account you must prove that you are the true owner of it, sending them a copy of your identity document along with a direct debit invoice. We have already taken the opportunity to tell you that in a very good decision, from our point of view, Banc Binary will not charge you any commission for withdrawing the money, when you decide to do so.

The investment possibilities it offers its clients are very diverse, including assets, indices, commodities and currency pairs. Using the web is quite simple and you will have no problem knowing how to operate. It also has several interesting complementary contents, such as its educational section, to learn everything you need about binary options and a market data section, where the main news of the international financial markets are analyzed.

Banc de Binary: Scam or legit?

This time the broker we are analyzing is safe and reliable. If you are looking for a scam-free binary options platform, you can rest easy because you have just found it. The company behind Banc Binary is BDB Services from Belize with the license number IFSC/60/352/ TS/15, but customer credit card transactions are handled through Eserto Tec Ltd., headquartered in the United Kingdom: 4th Floor Holden House, 57 Rathbone Place, W1T 1JU, London. However, this is not enough to operate in countries of the Dollarpea Union and, therefore, the broker was registered in 2013 in Cyprus with license number 188/13, registration number 301698 and the physical address: 4, Profiti Ilia Street Kanika International Business Centre - Office 401 Germasogeia CY-4046 Limassol, Cyprus. In addition, since 2013, it has also been registered with the CNMV with the registration number: 3370.

For all this, Banc Binary is not a fraud, but a financial investment platform to trust.

Banc de Binary Offer

The offer available on this financial platform is really interesting, from the main world indices to the most popular commodities in financial trading, passing through important stocks from all over the world, any investor can be sure to find on the platform an attractive asset to invest regardless of the time of the economic cycle. In fact this is one of the main advantages of binary options, since it is possible to win equally when the market goes down.

Depending on the income you make, you can opt for three types of account: bronze $ 250, silver $ 2500, whose main advantage is that you have a direct line with the account manager for 10 days and trading signals from the Transaction Center for a month, and gold $ 5000, where in addition to the above you will have the right to introductory private sessions with an analyst, more bonuses and access to the smart money management plan.

Binary options trading

We are facing a binary options broker with a lot of experience and that, therefore, covers the most important markets. On the web we will find four different types of assets in which to invest:

Among the stocks you will be able to choose from more than 90 stocks of the most important companies in the world, especially dollar and American, but you will also find some Asian companies. If you prefer indices for their greater diversification and turnover when doing technical analysis, you can invest in more than 40 of them, including American, Latin American, dollar, Asian and Australian indices. As for commodities, the options are also interesting, because you can trade gold, silver, platinum, sugar, wheat, coffee, corn and oil, specifically the Brent barrel. Finally, among the currency pairs you will find more than 20, including more than 8 crosses for the dollar, 5 for the dollar and 4 for the pound sterling.

The returns range from more than 70% to more than 80%, so it is really interesting to invest in this broker if it is done correctly and the expiration times range from 10 minutes in currencies to longer options for stocks, although they also offer a special 60-second market.

Offers and bonuses

Although Banc de Binary does not have a stipulated welcome bonus, it is very common for new users to be offered a 50% or even 100% bonus. This means that if you have a 100% bonus when you deposit $250, the platform will give you another $250 to trade, so you will have a total of $500. But keep in mind that to get the money you will have to meet a series of conditions. Also when it is anticipated that something important is going to happen in the markets, they usually offer bonuses to encourage users to invest. Another possible type of bonus is the one that they can get you depending on your trading volume, obviously the more you trade, the more chances you have of being given a bonus.

In any case, a user can always refuse bonuses. That is why it is advisable to contact customer service and understand the conditions well. In general, bonuses are designed for beginners to familiarize themselves with investing by minimizing losses from beginner mistakes, or for experienced investors to invest more with a smaller amount of money, but they are not a way to earn money in themselves.

Payment methods

This broker offers the most common payment methods in any type of online commerce. The first option is the bank transfer, which as you know has the small problem that the transaction can take between 3 and 5 working days. If you don't want to wait so long, you also have the possibility to make your deposit by Skrill or by credit card. In none of these cases will the broker charge you any commission, but you may have to pay commissions if the conditions of your bank or your Skrill account stipulate so. That no longer depends on the financial platform.

Withdrawing money is just as simple...or almost. The first time you want to do this, you must prove your identity. This procedure is carried out for two reasons, to prevent money laundering, and to prevent anyone who has stolen your password from taking out your money. In general, Banc de Binary reserves the right to deposit the money through the same payment method that you used to make the deposit. But if you want a different method you can contact their customer service.

As is common in most binary options platforms, there is a minimum deposit limit that in this case is $ 250, as for withdrawals, the minimum limit will be $ 50 (or dollars if your account is in that currency). The good news is that the broker will also not charge you any commission for taking out your money.

Security and regulations at Banc de Binary

If you have been reading this far, you will already know that Banc de Binary is trustworthy. But since we want you to be totally sure, we are going to summarize the coverage you have as a user of the platform.

The first thing you should know is that Banc de Binary is registered with the CySEC (number 188/13) which means that it meets important security requirements regarding the accounts of its investors. In addition, it is also included in the CNMV registers (number 3370) in the section Foreign investment services companies in free provision. In addition, the platform belongs to the Customers of Cyprus Investment Firms (CIFs), a fund that covers the indemnities of its clients with up to $ 20,000. The services covered by this fund are: problems related to the receipt or transmission of orders, problems with the execution of orders, portfolio management and investment advice. For the case at hand, since the broker does not manage the portfolio or offer advice, the fund would only cover the first two cases.

Regarding the money transactions between the user and the broker, we can say that the homework has also been done well. Transactions are encrypted with 256-BIT SSL encryption to prevent any type of fraud. Consequently we are sure that Banc de Binary is not a scam and that, on the contrary, it is a good service provider if what you want is to invest in binary options, safely as far as the broker is concerned.

Customer service

In everything that has to do with money transactions and investment, customer service is a key factor. The competitiveness between binary options platforms is very high and the fact of having a good support service can make all the difference.

In this case, customer service is available by phone at the +34 91 123 8659 at the price of a local call and on +900 838 329 totally free. They also serve users through email and live chat, to access which you will have to give your phone and your email address.

The problem in this section is that the contact forms are "scattered" on the web and, although it is true that they have a contact page, where you can see the different email addresses to write to according to the nature of your problem, the chat and the phone you will not find them there, but in pop-ups that appear on the home screen.

Functionality of the website

For someone who wants to invest quickly and efficiently, the Banc de Binary website is especially useful. Its use is very simple. You will have a large central chart in which you can see what the main indicators such as the RSI, the Bollinger bands and the moving averages are saying, on the right two large buttons, one for the call and one for the put with the target price in the middle and the potential profitability to be obtained also clearly indicated. In addition, you will be able to see the time frame of the graph, from 30 minutes to 12 hours. Through drop-down menus you can also change the asset to be traded, the expiration times and the amount of the investment. In short, a simple, distraction-free website that puts everything you need to invest at hand.

Banc de Binary mobile app

Many investors prefer to invest from mobile phones or tablets, because that allows them to move from their job or just enjoy the fresh air in a park while earning some money. That is why Banc de Binary makes applications optimized for Android and Apple devices available to all its users.

In the application you will be able to see all the options with a much more adequate size than with the one obtained by visiting a website from the mobile. The applications are fully functional and from them you can make income and withdrawals of money, operations with all the binary options available on the web for computer and analysis of the graphs, just as if you were on the traditional web. Of course everything will have the same update rate as on the web and if you need it, you can contact customer service.

Finding

Banc de Binary is a safe broker. This is not a scam or a fraud. Registered with the CNMV and the CySEC, the platform stands out for being a well-known agent in the market and with extensive experience. The offer of assets is quite good and the security of transactions between users and the broker is outstanding.

The customer service is available 24/7 and as a complement to the investment offer they have a lot of educational and informative materials. If you are looking for a place to invest in binary options, this website can give you many joys, with the peace of mind of being operating in a well-known broker.