Banc de Binary EU Review - Regulation, Deposit & Withdrawal

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Basic Information

 

Minimum deposit Min./Max. bet size  Payout %  Deposit Bonus Trading platform Regulation
$250 $1/ $6000 Up to 81% 100% SpotOption   N/A

 

Banc De Binary is a flagship European Binary options broker, offering trading in over 200 assets on the most popular SpotOption binaries platform under quite competitive trading conditions.


As most binaries brokers, Banc De Binary also offers educational materials, courses, news articles, 1 on 1 training, binaries e-book and more in order to help its clients get better in binaries trading. The company is aware that Informed traders are the most successful traders, and if a trader earns more money, the broker also does.


What is more, the broker is an official binary options partner of the legendary football team Liverpool F.C.


Trading Accounts


Banc De Binary offers its clients a choice of three basic account types, depending on the initial deposit: Bronze ($250), Silver ($2 500), & Gold ($5 000).


All account holders get daily market reviews and financial research and access to webinars twice a month. Only Silver & Gold account holders are entitled to trading alerts, event analysis, luxury loyalty store gifts, as well as trading signals from Trading Central. Gold account holders are also offered bonus protected trades from account managers, smart money management plan and Introductory private session with an analyst.


VIP service is also available to clients who have deposited at least $10 000.


The Company. Security of Funds


Established in 2009, Banc de Binary is one of the leaders in the binary options trading market. In fact, they are one of the first regulated binaries brokers.


In Europe, Banc De Binary (BDB) is operated by Banc De Binary (Cyprus) Ltd, which was licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). The company renounced its authorization to operate as a Cyprus Investment Firm in January, 2017.


The company also has another unit, BDB Services (Belize) Limited, regulated by IFSC, which services clients outside of the European Union. We usually do not recommend brokers that are not regulated or subject to light-touch regulation, such as the one in Belize.

 

Trading Conditions


Trading Options: Call/Put, 60 seconds, Pairs, Long term
Assets: Stocks, Indices, Currencies, Commodities
Expiry Times: 60 sec, 90 sec, 120 sec, 180 sec, 300 sec, 30 min, 1h, 2h, 4h, 8h, 12h, 2d, 3d, 4d, 5d, 6d, 7d

 

There are around 200 tradable assets with Banc De Binary, yet only 4 types of tradable options. Even the popular One touch & Ladder are missing.

 

Minimum Initial Deposit
The minimum initial deposit for clients of Banc De Binary is $250, which is an average initial amount. In comparison, HY Markets requires $100 from traders to open an account.

 

Min/Max bet size
The minimum bet size with this broker is just $1. In comparison, with HY Markets one can place a trade with $5. Such low minimum bet sizes allow better risk management.

 

Payout amount
Depending on the expiry times, payout percentage offered by BDB ranges from 70% to 81% for the EUR/USD pair, which is average. For instance, a winning 60 seconds option will get you a 70% payout, while the 81% return is available for Binary options with expiry times from 30 minutes to 12 hours.


In comparison, HY Markets’ payout for the EUR/USD pair A Day binary Up/Down for EUR/USD offers a payout of 85%. 60 Seconds Binary Options have a payout of 70%.


Of course, the greater the percentage payout offer by the broker, the larger the return of traders.


Trading Platform


Like most binary options brokers, Banc De Binary supports the most widely used binaries trading platform, SpotOption platform. It uses up-to-the-minute trading quotations and rates provided by Thomson Reuters©.


Perhaps the most exceptional feature about the Banc De Binary`s trading platform is the Strategy advisor widget. It uses the Bollinger Bands, RSI and Moving Average technical indicators to provide traders with a clue on which direction the market is likely to move. Keep in mind that the Strategy Advisor only works in the Binary Options mode on the trading platform, it is not available in the 60 seconds or Long-Term instruments.


Another unique feature about BDB’s trading platform is the support for social trading. With access to ZuluTrade, BDB’s clients can configure their trades in line with the high-ranking traders from the ZuluTrade network.

 

On-Deposit Bonus
A generous welcome bonus of 100% is available to clients of Banc De Binary, which in fact doubles their investment.
Be advised that a precondition for making withdrawals after using the bonus/benefit is to enter positions of 20 times the amount of the bonus/benefit plus the deposit amount.


Methods of Payment


There are several payment methods available to Banc De Binary’ clients: Credit/Debit cards, Bank Wire, Banklink Giropay P24 (Przelewy), PaySafeCard, Sofort & Ideal. Customers may withdraw a minimum of $50 at a time.


Accepted currencies: USD, EUR, GBP.


Conclusion


Banc De Binary one of the most famous & reliable binaries broker, offering competitive conditions for trading in binaries on the SpotOption platform. To sum up the above, here are the advantages and drawbacks in relation to this broker:

 

Pros  Cons
One of the leading brands in the industry Option types limited to only 4 
Low minimum bet size  No longer licensed by CySEC
100% deposit bonus  
Comprehensive Educational Package  

 

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