Banc de Binary operates in over 100 countries globally, despite is relative newcomer status, to provide traders worldwide with access to a range of binary betting markets. Established post the international banking crisis, Banc de Binary prides itself on security and integrity in the services it provides, while offering a comprehensive field of trading opportunities for its customers. In this Banc de Binary review, we’re going to look at how this particular broker compares to the alternatives for trading binary bets, with a view to finding out whether an account with Banc de Binary is worthwhile for those searching for a new broker.
BANC DE BINARY REVIEW: ACCOUNT OPENING
Opening an account with Banc de Binary is as straightforward as opening a social media account, and traders can have access to the markets in just a few short seconds from their sign-up. Very little data is required other than the basic contact information you would expect to have to submit, and virtually instantly from account creation traders can get on with funding their account and taking positions in binary markets. There are several funding methods that are compatible with a Banc de Binary account, and as a result it is straightforward for traders to conduct their essential banking as far as account deposits and withdrawals are concerned.
BANC DE BINARY REVIEW: PLATFORM
The Banc de Binary platform is accessible from the second you have your account created, and there is no requirement for traders to deposit funds in order to see the platform and the live quotes on binaries markets. Because the platform has few essential functions, it is stable enough to run through the Banc de Binary website directly and most traders will find this the easiest way to manage their account and the various binaries positions they take. There is very little scope for technical analysis or further research in the Banc de Binary platform, but then again binaries are a much more crude instrument than, say, forex or CFDs. Indeed, the lack of in-depth functionality detracts nothing from the platform, which feels easy to use and effective for reflecting your intentions in the binaries markets.
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The main trading screen is accessible from within the online account, and traders need simply click the Trading Platform button to open up the list of markets available to them. The main screen presents traders with a number of currently open markets in individual self-contained boxes.
These boxes display all the relevant information about trading in that particular binary position, right down to a live updating price chart showing how market prices have moved in recent days. The box also contains the payout percentage and the calculation of potential winnings depending on the number of units selected by the trader. Each unit is of a pre-defined size and value, and this variable figure can be found beneath the unit number drop down box in each trading panel.
The range of other available markets is accessible from the main tabs at the top of the trading account screen, and these allow traders to view the full scope of opportunities available to them. The 60 Seconds tab gives traders the option to take positions in markets that last for just 60 seconds, helping to afford traders a quicker-expiry opportunity to generate a return.
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One particular feature of note is the option builder, which allows traders to create their own parameters against which to trade. This makes Banc de Binary potentially as flexible as the most advanced traders will require, whilst meeting the needs of the average trader with a straightforward, intuitive platform.
The other account functions can be accessed from the upper navigation bar, where traders can easily navigate to their account data, banking and other elements of managing their binaries trading.
BANC DE BINARY REVIEW: SPREADS & MARKETS
With over 100 different tradable assets on offer, Banc de Binary has plenty to offer most binary traders. From commodities and currency markets through to individual share markets and indices, Banc de Binary allows traders to explore a broad base of trading opportunity with some ease and effectiveness. Because of the nature of binary betting, the spreads are built in to the fixed payouts on a positive betting outcome, yet they remain competitive with the lowest cost providers in the market. In terms of the selection and the affordability of the markets on offer, Banc de Binary checks all the boxes as far as the needs of most traders are concerned.
Banc de Binary has the air of a broker that cares for its traders, and in the binaries market that can be a rare thing. With a platform that is simple to trade from within your account interface and a simple, lightweight offering that gets the job done, Banc de Binary are well worth considering when deciding where to trade your binary positions. With some 200,000 customers actively trading through their service and operations spanning over 100 different countries, Banc de Binary are a fast-growing binaries broker that is hear for the long haul.
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