Update on Binary Options Broker Banc De Binary
A senior official of this binary options provider has confirmed the news, explaining that the movement was taken by the owners of the company after the systematically negative press that this broker faced during the past year. This was largely due to the complaints of a large number of clients who alleged unfair and unethical treatment, and even practices that we may describe as illegal and that led to the loss of confidence on the part of potential clients.
The problems were seen to come when Banc de Binary decided to give up its CySEC CIF license due to regular penalties for bad practices.
Type of Broker
Banc De Binary is a Binary Options Broker.
Country of origin
The headquarters of this broker are located in St. Vincent & Grenadines.
- Forex Market: 12 different currency pairs of the Forex market, including the most important like the EUR/USD, GBP/USD and USD/JPY and other more exotic like the USD/SGD among other.
- Indices: 20 of the most important stock indices of the market. In this case the trader has the possibility to trade with options based on the S&P 500, Dow Jones, Nikkei 225, FTSE 100, ASX, Hang Seng, CAC 40 and Bombay SE among other.
- Commodities: 8 of the most important and traded commodities in the market including gold, silver, oil, platinum, coffee and sugar.
- Stocks: 39 of the main stocks from the US market, the European market and the Asian market, including IBM, Apple, Google, BP, Vodafone, BAE Systems, and Toyota among other.
Types of Binary Options
- High/Low Binary Options: This is the most common and traded type of binary option thanks to its simplicity and the high and fast income that offer. In this case, the trader only has to determine if the price of the underlying asset is going to be up or down once the option expires. The expiration period of the options offered by Banc De Binary is 1 hour.
- One Touch Binary Options: In this type of option, the trader must determine if the underlying asset price is going to touch or not a particular price level before the end of the expiration period of the option. The maturity of One Touch options can last several days, so they offer a higher yield (up to 500% of the option inversion) compared to the High/Low options.
- 60 seconds Options: These are High/Low binary options that have an expiry period of just 60 seconds which allows the trader to perform that that take advantage of the micro-movements of the market. In other words these are fast in and out trades.
- Custom Options *: Banc De Binary has a unique tool among the Binary Options broker. This function called “Option Builder” offers the possibility to design and customize the Binary Options with which the client trade, so the trader can customize its trades by selecting different combinations of variables. In this way the traders can create an ideal option that is completely adapted to their trading strategy. To use this function, the client should take the following steps:
- Select the underlying asset.
- Choosing the expiration period of the option.
- Choosing between the different values of benefits and risks offered by Banc De Binary, selecting one that best suits the trader’s preference.
Payments Offered by Banc De Binary
-If the call or put options expires “In the money”, Banc De Binary pays from 65%-85% of the contract inversion for the High/Low options.
-For One Touch options, the payment can be up to 500% of the option inversion.
-Gold Standard Account: It is a type of account designed for more experienced traders in the market which requires a minimum deposit of $2500. In addition to offering the same benefits as the Silver Micro Accounts, it also has additional ones such as full access to the customer service of Banc De Binary.
Main Advantages of Banc De Binary
- Banc De Binary is a professional binary options broker which offers a lot of services for beginners and professional traders.
- It offers the possibility to open a demo account with no limit of time.
- This company offers regular bonuses for new clients that open a trading account and deposit funds . Also, there are bonuses packages for regular clients.
- This broker has a good customer service through e-mail, telephone and chat in the website of the company. This chat can be accessed 24 hours a day.
- Banc De Binary offers a lot of underlying assets to trade with Binary Options, such as currency pairs, stocks, indices and commodities.
- The trading accounts can be opened in euros and US dollars.
- No commissions and no fees of any kind.
- It offers various trading accounts and trading platforms.
- This broker offers a unique feature among companies of its kind, which is the possibility to create custom options through the use of different combinations of variables (underlying assets, end of expiration periods, etc.).
- Through its website, Banc De Binary offers free market analysis tools including an economic calendar a Fibonacci calculator, live market hours and the BDB Radio, which offers which provides daily, weekly and special analysis and reports on the markets.
- This broker offers free education on binary options through its website. It also has a free e-book dedicated to binary options which includes the most important aspects related to these investment instruments.
- The broker’s customers can get personal assistance from dedicated account managers whose role is to provide the necessary assistance, especially to novice traders with little knowledge of binary options. This assistance includes constant training and customer support through online seminars and personal training one on one.
- It has an Education blog with updates on the market.
- This broker offers an interest rate of 2.5% for trading funds that customers keep in their accounts.
- Banc De Binary offers the possibility to earn money by promoting its services as a Binary Options broker through an associated affiliate program called Banc De Binary Affiliate Program and other affiliate programs like VipAffiliates.
Main Brokers Offers
Banc De Binary offers interesting bonuses for new and regular clients. These bonuses depends on the amount of money deposited by the clients in their accounts.
- Currently it offers a bonus for every deposit made by the client (new and regular clients) up to 50%.