Banc De Binary Review

UPDATE: Based on the recent reports that we found, we learned that Banc De Binary is no longer accepting new clients. If you are looking for an alternative binary options broker then we highly advise that you sign-up with a credible brand such as 24option for a more rewarding and secured trading experience.

Banc De Binary started its operations in 2008 and is one of the first binary options brokers to become regulated by a financial authority like the CySEC. Since then, the company has become well-known in the binary options market but were they able to maintain it?

Advantages
1. Regulated/registered with trusted financial authorities (FCA, CySEC, etc.)
2. Highly popular in many countries
3. Stable and bug-free platform
4. Tradable assets are very diverse
5. Optimized mobile trading apps
Disadvantages
1. No refunds for losing trades

 

Read the Bottom Line!
 

(3/5)

Minimum Deposit

This brokerage firm requires a minimum deposit of $250 to open an account and start trading. Majority of brokers in the industry today are requiring the same minimum initial deposit for client registrations.

Banc De Binary minimum deposit

Depending on the different account levels is also a factor in how much a trader needs to deposit:

  1. Personal account manager: It is recommended that you should rely from independent signals provider rather than the account manager that is provided to you by the broker.
  2. Financial analysts: same as item 1
  3. Trading signals: Avoid getting advice from the brokers account manager.

 

Minimum Deposit

EZTrader ($200)
anyoption ($200)
BDSwiss ($100)
24option ($250)
Finpari ($250)
TopOption ($100)

 

(5/5)

Design and Layout

Banc de Binary has a very well laid out design. It uses the standard layout that is used by most binary brokers today but their version is a lot simpler and clean looking. Upon entering their website, you get asked straight away where you are from thanks to their geo-targeted homepage. Another element worth mentioning is the lion logo which is easily recognisable for good branding.

Banc De Binary platform design

(5/5)

Banking Methods

They support all the major deposit and withdrawal methods including credit cards, wire transfer, Skrill (Moneybookers) and alternative payment methods. This is definitely and advantage in terms of banking because majority of the brokers today only support credit cards and wire transfer.

(5/5)

Minimum Trade

I have yet to find a broker that has a minimum trade amount of $1, the lowest in the industry. This is great for those who want to trade and learn the strategies without having to invest a huge amount of money. 32% of brokers in the market today require $25 so this makes Banc De Binary way better than the standard minimum trade size.

 

Minimum Trade

EZTrader ($25)
anyoption ($25)
BDSwiss ($5)
24option ($24)
Finpari ($1)
TopOption ($5)

 

(5/5)

Available Assets

Currently, Banc De Binary offers a wide range of 161 assets including weekend trading. In fact, it’s even possible to trade with countries like that aren’t usually found with most brokers. This is significantly higher than the average total number in the market today which is 76 and this guarantees that I won’t miss out on trades that are making headlines.

Banc De Binary assets

 

Available Assets

EZTrader (91)
anyoption (97)
BDSwiss (68)
24option (104)
Finpari (151)
TopOption (180+)

 

(10/10)

Trading Platform

They updated their Spotoption platform to Spot 2.0 and this has given them the edge over other brokers that are still using the old version. They belong to the rare 12% of brokers in the industry today that are using this new and improved platform which is more powerful than its predecessor.

Banc De Binary platform

(8/10)

Quotes

It is all about the money and with regards to this, quoting accuracy is certainly important. After testing their quotes and market price time, I fortunately found no discrepancies. Delays are uncommon and were never close or beyond the 20-minute benchmark. This means that Banc De Binary has the same level of technology of other platforms that can deliver the most updated quotes.

(8/10)

Payout Rate

The whole reason for trading is to make money so the payout offered by the broker makes a significant contribution to your profits. Banc De Binary claims to offer up to 81% and after browsing through all the different assets I found that this claim is true. 33% of brokers today are offering the standard payout rate of 85% and even though Banc De Binary’s rate is a bit lower than the average, it’s actually not that too distant.

Banc De Binary payout rate

 

Payout Rate

EZTrader (81%)
anyoption (75%)
BDSwiss (85%)
24option (88%)
Finpari (90%)
TopOption (85%)

 

(9/10)

Withdrawal Processing Time

Some binary option brokers have sticky fingers and take their time when you need to withdraw your money. At Banc De Binary withdrawal requests are processed within 5 working days and additional 2 to 3 working days for the funds to reach the account provided that all identification documents are submitted prior to trading. That’s a total of 8 working which is a bit faster than the 21% of the brokers in the market which are capable of processing withdrawals for an average waiting time of 10 days.

Banc De Binary withdrawal processing time

 

Withdrawal Processing Time

EZTrader (Up to 7 days)
anyoption (Up to 7 days)
BDSwiss (Up to 7 days)
24option (Up to 3 days)
Finpari (1 day)
TopOption (Up to 7 days)

 

(10/10)

Customer Service

Honesty and integrity is a huge concern for many traders. There are brokers that do not inform traders about the restrictions in using bonuses while others give all the facts in their terms and conditions.

Banc De Binary customer service

During the live chat conversation that I had with Banc De Binary’s support, they were very direct when asked I asked about the bonuses and immediately referred me to their terms and conditions page. They were even honest to tell me about the trade volume requirements. Generally, they delivered what most traders are looking for in terms of support quality.

(10/10)

Regulation

Banc De Binary belongs to the elite 41% of brokers that are already regulated by a trusted financial authority. Currently they have a license to operate from the Cyprus Securities and Exchange Commission (CySEC) which is highly recognized in many countries. This is a clear indication that they are in accordance with the rules and requirements that are set by a trusted agency.

Banc De Binary regulation

(15/15)

Brand Reputation

Other than being a regulated brand, Banc De Binary is known to be the broker for serious traders. Currently they have over 250,000 traders in more than 100 countries including Indonesia, Malaysia, Singapore, Hong Kong and Ireland and this easily makes them one of the largest binary option brokers in the world. Such reputation is a tad higher than the standards of what is required by most traders today.

Our verdict (93/100)

Banc De Binary has been around since the start of the binary options trading industry and what’s great about this broker is that they continue to improve their services based on the needs of their clients. In terms of reputation, they were able to maintain it through the years thanks to the strong patronage from traders and the excellent features which are mostly above the industry standards.

UPDATE: Based on the recent reports that we found, we learned that Banc De Binary is no longer accepting new clients.

We highly advise that you register with a more established binary options broker such as 24option for a more rewarding and secured trading experience.
Read 24option Review! ►

15 Responses

  1. Peter Cayte
    Peter Cayte at |

    I still prefer to trade with Banc de binary because they are able to maintain the quality of their service plus the trading conditions are much better in comparison to other brokers out there.

    Reply
  2. Logan PRW
    Logan PRW at |

    Hi, does Banc De Binary accept clients from various countries?

    Reply
    1. Xavier Walles
      Xavier Walles at |

      Yes. I have friends who are based in Europe and Asia who are trading with Bancdebinary.

      Reply
    2. Hamdani Lie
      Hamdani Lie at |

      Yes, I’m from Indonesia and a member since 2014.

      Reply
      1. Christiant
        Christiant at |

        Hi Hamdani, Salam kenal

        Reply
  3. Mirson FInley
    Mirson FInley at |

    I have traded with many brokers but so far Banc De Binary remains to be my favourite. They have better trading opportunities.

    Reply
  4. Patryk W
    Patryk W at |

    When I was a member of Bancdebinary I made around 1000 usd of profits. After reaching that amount I decided to withdraw the 900 usd. My advice is that whenever you reach a certain amount or earning, cash it out and just leave a small portion on your account which you can use to trade again.

    Reply
    1. Warren S.T.
      Warren S.T. at |

      I’m doing the same technique to make sure that my profits are safe. I usually leave around $200 since I trade on a number of commodities and currencies.

      Reply
  5. Sebastian Hayward
    Sebastian Hayward at |

    There are plenty of ways to learn binary options through Banc De Binary’s educational video. You may even enroll for a more complex subject matter if you want to improve your trading.

    Reply
  6. Cris Auburns
    Cris Auburns at |

    The 91% payout rate by BDB will truly offer a magnificent amount of profit if you know how to make a good trade even if the market is so unfriendly.

    Reply
  7. Ganelon Lebel
    Ganelon Lebel at |

    What makes my trading experience with Banc De Binary really great is the no-lag platform and good payout rate. Nothing beats those two together.

    Reply
    1. Shonda Merit
      Shonda Merit at |

      I want to credit the Banc De Binary platform for having been one of the most stable one that I have used in my years of trading binary options.

      Reply
  8. Robert McLean
    Robert McLean at |

    The pretty amazing thing about BDB is that they are very consistent in following the regulations of financial institution in the area they are operating. Thus, making sure that the funds or the investment of their clients are safe with them.

    Reply
  9. William Lee
    William Lee at |

    I noticed that the platform have some minor changes. It seems that they look better than before.

    Reply
    1. Liam Davidson
      Liam Davidson at |

      The changes we are experiencing right now with banc de binary is a good thing because the platform process the trade much faster.

      Reply

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