Binary Options Broker Review: Banc de Binary

Binary Options Broker Review: Banc de Binary 

Binary options trading is an ever expanding and growing industry, and every industry needs its leaders. Banc de Binary sets its self apart from the competition by offering a premium service and options for its traders.

Established in 2009, Banc de Binary offers professional trading services provided by a team of experienced traders, investors, and financial analysts. These features however come at a cost as the minimum deposit with Banc de Binary is $500

Overview 

Based on SpotOption’s trading platform that that is known to be extremely user-friendly and accessible to both new and experienced traders alike.

Banc de Binary also offers a wide varitey of assets to trader.
Forex options, Stock options, Commodity options, and Index options are standard fair with binary options brokers but with Banc de Binary there is a wider selection of of assets available. Banc de Binary has a plethora of choices,and the assets they have available are more than your average binary option broker.

Creating an Account 

Creating an account is exceedingly simple. Your name, email address, and telephone number is all you need to get started. When creating your account you can choose between USD, EUR, and GBP for the currency you wish to trade with. Identification documents are not required to start trading but will be required to withdraw funds from your account.

Payouts and Commissions 

Like all SpotOption brand binary options brokers Banc de Binary does not charge commission or broker’s fees. The maximum payout is 88% for standard trades, and the refund for out-of-the-money trades is 15%, above average for the industry.

Platform 

Banc de Binary utilizes the renowned SpotOption platform. SpotOption offers simple to use web-based  trading system, this means no downloads necessary.


Conclusion 

All in all, Banc de Binary became popular because they have portrayed themselves as the premium financial service. From the moment you sign up it is clear that BBinary is an industry leader with a large client base. Offering one of the nicest looking website sites in the SpotOption family of binary option brokers. BBinary offers higher than average commission for bringing in new customers. However, overall Banc be Binary has one of the highest minimum deposits in the industry which can alienate beginning brokers and people not accoustomed to investing. People looking to make an easy buck online will need to look somewhere else.