Up to 100%
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Minimum Deposit & Complaints – See More Below!Read Full Review
|Broker||Banc de Binary|
|Headquarters||Kanika International Business Centre office 401, Profiti Ilias 4, Germasogeia 4046, Limassol, Cyprus|
|Support Number||+44 207 099 2097|
|Support Types||Live Chat, Phone, Contact Form, E-mail|
|Minimum 1st Deposit||$250 / $500 for Canada, Germany & Austria|
|Minimum Trade Amount||$1|
|Bonus||Up to 100%|
|Free Demo Account||Open Demo|
|Account Types||Bronze, Silver, Gold|
|Deposit & Withdrawal Methods||Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), WebMoney, CashU, AstroPay, YandexMoney, etc.|
|Number of Assets||170+|
|Account Currency||USD, EUR, GBP|
Established in 2010, Banc de Binary is one of the oldest binary options brokers on the market today. The broker is owned by Banc de Binary Ltd, which is a company that holds licenses from CySEC. This EU broker also operates under the regulation of FCA (Financial Conduct Authority) and a number of other regulatory bodies depending on the countries it operates in. Banc de Binary is headquartered in Cyprus.
Review Verdict: BDBinary is NOT a Scam
During our research on the broker, we found that they offer an excellent customer service and have maintained a positive reputation in the industry. There is nothing we found about the broker that tells us that they are not legit.
Banc de Binary Scam
Banc de Binary is an EU broker that follows the European regulation. However, it is also regulated by FCA and CySEC. Because the broker is regulated and holds the necessary licenses to operate within the binary options trading industry, it is safe to assume that the broker is not a scam.
In fact, they are an industry leader and one of the first brokers to start up. When it comes to investing with Band de Binary, you can do it comfortably because the broker takes stringent measures to ensure that your finances are safe. One reason why traders may feel that Banc de Binary is a scam is that they have a different kind of policy when it comes to bonuses. There are terms and conditions that must be fulfilled before traders can benefit from the bonuses that are offered to them. Failure to understand these terms and conditions often result in disappointment and delay in withdrawing funds.
Therefore, it is essential that traders read the bonus terms and conditions extremely carefully if they want to deposit and withdraw money without any hassle. If you accept bonuses, you will be required to meet certain conditions in terms of executing a specific volume of trades before you can request a withdrawal.
Banc de Binary Demo Account
One of the good things about Banc de Binary is that they offer demo trading. Before you decide to invest your hard earned money into this broker, you can test their trading platform and their features. You can learn about the different assets that they have to offer.
Once you create a demo account, you will get $50,000 of virtual money that you can use to execute trades. Basically, the idea of demo trading is to practice and utilize strategies to find out what works and what doesn’t work. Demo trading also gives you the chance to decide whether the broker is the right choice for you or not. In fact, whenever it comes to choosing a binary options broker, you must make sure that you go with one that offers demo trading. This way you will be able to become familiar with the trading platform without risking any money. While it is true that the profits you make will also not be real, you can test your strategies and the user friendliness of the system. You will learn about the pros and cons of the broker and its trading platform before you make an investment.
Banc de Binary Withdrawal & Deposit
There are a number of withdrawal methods offered by the broker. These include AlertPay, Moneybookers, wire transfer, credit cards and debit cards. Banc de Binary does not charge you a fee for withdrawing funds, but you may have to pay a fee to the payment processing service you choose. The minimum amount of money you can withdraw is $100 and it usually takes about two days for you to get access to your money depending on the withdrawal option.
When it comes to depositing money, the range of options available to you include credit cards, wire transfers, Moneybookers and a range of electronic payment options. The minimum deposit amount depends on the method of payment. If you choose credit cards and electronic payment options, the minimum amount is $250, but if you choose wire transfer method, then the minimum amount is $1000.
Banc de Binary Bonus
The kind of bonuses you are eligible for depends on the type of account you have. For example, if you open a Micro Silver Account, you will receive 50% bonus of the initial investment. The minimum deposit for this account type is $250 and which is considered an industry average. But for all the other account types, the bonus is 100% which we believe is pretty huge.
Review Verdict: BDBinary is NOT a Scam
However, you must think carefully before you accept a bonus that is as huge as 100% because you will have to accomplish a required turnover before you can make a withdrawal. Banc de Binary gives you the option to accept the bonus or continue trading with your own investment. The choice is yours. If you decide to accept, you must keep in mind that it will affect your withdrawals. If you don’t accept, you can make withdrawals as normal.
Banc de Binary offers a wide range of tradable assets, generous bonuses and different account types suitable for both beginners and experienced traders. You can consider opening an account with Banc de Binary since it has shown high results during our unbiased testing on their trading platform, withdrawal and deposit procedures.
As a trader there are many different features provided if you open an account with Banc de Binary and we know how important it is to choose a broker who gives you the opportunity to gain the maximum profits and access a lot of benefits.
Banc de Binary meets traders expectations and this is the reason why this broker is one of the top rated and recommended on the binary option market.