Introduction
With two corporate headquarters in the US and in Cyprus, Banc de Binary has emerged as one of the leading binary options brokers around. Traders who use Banc de Binary will have to perform their binary options trades on the SpotOption platform, as this is the white-label solution that Banc de Binary offers its clients.
Payouts
The payout structure on Banc de Binary depends on the asset type traded. These are as follows:
a) There is a payout of 70% to 85% for a successful classical Call/Put trade. The same payout is given to successful traders who trade the 60 second option as well as the OptionBuilder trade type.
b) For traders who play the High Yield Touch trade, they can expect to receive up to 500% payout if they are successful.
c) The Binary Meta trade type allows for closure of trades before maturity. This attracts a cost which is deducted from the payout. The amount deducted is variable and this makes the payout variable.
Bonuses and Promotions
The following bonuses and promotions are available for those who trade on Banc de Binary:
a) Account opening bonuses are given to first time traders to the tune of 50% of the deposit sum. However, Banc de Binary has been known to give higher bonuses, especially if the trader is able to negotiate this with the account manager.
b) Standard and VIP-level account holders receive up to 100% bonus of first-time deposit.
c) Special Trading Bonuses: There are special bonuses for existing clients.
d) Rebate bonuses for VIP clients.
There are referral bonuses for referring new traders to Banc de Binary.
Asset Index and Expiry Times
The following assets are traded on the Banc de Binary platform:
a) Stocks: Amazon, Apple, Coca Cola, DANONE SA, FIAT, France Telecom, Google, HSBC Holdings, IBM, Leumi, Petrobras, S.Bank India, Sberbank, TATA, TOTAL, TOYOTA, Unilever, Vivendi SA, Deutsch Telecom, Barclays, BIDU, BNP Paribas, BP, BAT, Citi Group, AIG, Disney, Gazprom, Goldman Sachs, JP Morgan Chase, Pfizer, Vodafone, UBS.
b) Currencies: EURUSD, GBPUSD, EURGBP, USDSGD, EURJPY, USDCAD, USDCHF, AUDUSD, USDJPY, GBPJPY, USDZAR, USDTRY,
c) Commodities: Gold, silver, brent crude oil, corn, coffee, wheat, and platinum.
d) Indices: ASX, Bombay SE, Bovespa, FTSE100, Hang Seng, IBEX, Nikkei 225, S&P500, CAC40, DAX30, DUBAI, SSE180, Straits Times, Tadwul, MICEX10, NASDAQ, Tel Aviv 25, Topix.
Expiry times are as follows:
a) The expiry time for the digital Call/Put option starts at 15 minutes. Other expiries for this trade type are 30 minutes, one hour and two hours.
b) 60 seconds fot the 60 second trade.
c) The OptionBuilder trade type has customizable expiry times.
d) The High Yield Touch trade has a weekly expiry.
Trading Tools
a) There is a demo account facility on Banc de Binary, available only to those who have a live trading account that has been funded.
b) There are educational resources on Banc de Binary’s platform. These include:
– an online radio
– an audio book for listening to binary options tutorials.
– A downloadable ebook
c) Banc de Binary has the iTrading facility, which is basically the mobile trading platform for the iPhone. A Blackberry trading platform is in development and testing stage.
Deposit and Withdrawal
Transacting on Banc de Binary is done using the following channels:
1) Bank wires: Requiring a minimum deposit of $500, bank wires have the most universal acceptance of all payment methods. It is the method of choice for those who do not have access to the other methods of transaction.
2) Credit cards: Cards issued by MasterCard and VISA are the cards of choice. There is also a prepaid MasterCard issued by Moneybookers. The minimum deposit is $500. Card verification is mandatory, and involves sending copies of the front and back of the card to Banc de Binary. Some of the card numbers must be blocked off.
3) Moneybookers and Alertpay are the e-payment methods of choice on Banc de Binary, requiring a minimum deposit of $500.
Withdrawals are not charged on any of these methods, unlike on other trading platforms. The minimum amount that can be deposited on a trade is $25 while the maximum is set at 3,000 USD/Euros.
Customer Support
Traders can access the Customer Support desk on Banc de Binary by Live Chat, email (info@bbinary.com) or by phone (1-800-656-6163). There is also a Skype contact and a Call Back facility where the customer support of Banc de Binary can call the trader at convenient times.
