Important Facts
- Regulatory Authority: Regulated by Cysec
- Instruments: Commodities, Stocks, Indices and Pairs
- Unique Features: Attractive easy to use interface, Education materials, 2.5% Interest on deposits placed with Banc De Binary
- Minimum Deposit: $500
The Platform
Banc De Binary offers a web based platform it has to be said the platform is both attractive and easy to use. The online platform can be tailored to suit your needs for example the One-Click option is designed so the trader can place a Binary Options trade with one click. Whereas the 60 Seconds option is designed for those who wish to trade Binary’s with short expiry times. Finally there is the BinaryMETA option which claims to allow you trade Binaries how the professionals do. In truth binaries offered and used by those in the financial markets are priced differently from those at Banc De Binary, where you are making a fixed bet with a counter party. The BinaryMETA platform just offers the user a more sophisticated platform which more advanced charting options. The Banc De Binary platform is also available as a download for iPhone users allowing you to trade on the move. This iTrading application as Banc De Binary calls it isn’t terribly impressive but it is perfectly functional for those who wish to trade from their iPhone.
Special Features
When it comes to special features a couple of things should probably be mentioned. Firstly Banc De Binary offers one of the more complete educational programs, including a number of resources that can be downloaded and used to help you get to grips with Binary Options. The other thing that may be of interest to some is the fact that deposits held with Banc De Binary accrue 2.5% APR, which is quite impressive. Making competitive with a number of the lower interest savings accounts available world wide.
Option Contract Returns
Option Contract Returns seem to be in line with the typical industry standards in fact many Binary Options sites use the same risk management programs so this should be generally expected. The typically return on an option seems to be around 70%. It is important to remember that binary options providers such as Banc De Binary are the counter party to all of the customers trades therefore making it vital that the returns offered will generally result in a loss for the customer in the long run. However this doesn’t mean that every customer will come out as a loser in the long run, but such an outcome is highly probable. For information on this check out my post Can you really make money from Binary Options?
Customer Service
Customer Service at Banc De Binary seems to be something the company takes seriously with Banc De Binary offering a range options to reach them 24/5, including calling them over Skype which is not something I have seen offered before. It seems that they are pretty upfront with their approach to customer service which is always something good to see. You can also contact Banc De Binary by means of telephone or their live chat feature.
Regulation
Update 24th January 2013: Banc De Binary Gains Cysec Regulation
After launching a Cyproit office in late 2012, Banc De Binary has gained a full Cysec licence allowing them to accept clients from throughout the European Union under MiFID. This is a big step for Binary Options with Banc De Binary following the lead of its platform provider SpotOption in gaining Cysec regulation for Binary Options. This allows Banc De Binary to accept and cater for clients from all 27 European Union Country’s and will lead to many people becoming more comfortable with the idea of depositing money with Banc De Binary. To see the full news story on Banc De Binary’s Cysec regulation Click Here.
Overall, Banc De Binary seems to be a good quality Binary Options site.
