Banc De Binary is known as one of the most popular binary options trading platforms in the market.
This regulated broker, due to CySEC’s decision, no longer provides binary options bonuses!
Registering and logging in is very easy and simple, and traders just need to provide their data for initial registration. Before depositing, there will be a need for data verification, and an email will be sent to activate the account. Then, users should choose if they prefer to use a credit card or wire transfer. Besides, traders have to prepare a government-issued ID with a photo, copy of the credit card and some residence/personal bill with their name and address.
Banc De Binary has a special VIP account package offered for those who intend to profit and believe are more experienced in binary options trading. Traders get several benefits, including 100% sign up bonus, a superior broker and account management services, just to name a few. And to be able to be part of this selective club, all you have to do is deposit a minimum of $50,000.
Banc De Binary Affiliate Program
For those looking to login into the program that enables them to promote Banc De Binary products, Banc De Binary has one of the most reputable binary affiliate programs in the market. They provide different types of commission plans that are designed to inspire a long-term and professional relationship with their affiliates who join them. For example, for 1 to 10 traders, the affiliate will receive $100 CPA.
The more leads you end up attracting, the higher your CPA is going to be. This is a high amount if compared to other affiliate programs in the market. Their payout system is easy and assures one payment per month, most likely on the 15th. Transparent payment is what makes it the binary affiliate programs good. The schedule of payouts depends on several factors such as the criteria range, trader’s volume, and trader’s value. However, there are several terms and conditions you have to abide with first.
For example, if a minimum requirement of four trades isn’t met, you will be considered to be an ‘’inactive client’’. Therefore, it is essential that you take a look at their terms and conditions before signing up. All their landing pages along with website designs are optimized for purposes of conversion. This means that their brokers are going to contact you with every lead you bring, which gives you the best possible rate for leads. This personal approach is highly appreciated among affiliates.
You will receive all the assistance if you’re facing issues finding leads or with other issues. Signing up to Banc De Binary’s affiliate program is very easy and won’t take you more than ten minutes. All you have to do is enter your information and you’ll be able to sign up right away!
SEC going after Banc De Binary Execs
In January 2013, Banc De Binary (BDB) had made an announcement pertaining to its registration with CySec. The brokerage service also revealed that they were undergoing talks with CTFC in terms of the US regulation, but after some time, the broker preferred to rescind this statement. It has been brought to the notice of the general public there are some complaints against the BDB, most of which have been probably filed by the unsatisfied traders and customers.
The CFTC deems that the broker had violated the ban which was placed on the off-exchange trading options. It all happened when the broker had started offering the commodity options based services and contracts to the customers located in the United States. The broker has also been alleged of soliciting and confirmation of the orders which were placed by the customers located in the US.
The CTFC’s complained that its online website where the traders are able to trade on the call and put options. They predict whether the price of a certain commodity is going to move up or down in a certain time span, which indeed is the best example of the off-exchange binary options is trading. From the month of May 2011 till March 2013, the company offered all of the US customers with a number of off-exchange trading options and programs.
It is to be pondered here that the US customers are prohibited from trading on the prices of wheat, oil, coffee, corn and several other stock indices with European binary options. David Meister, who happens to be the director of CFTC’s Division of Enforcement, asserted that the bans and all other regulations were for the protection of the finances of the traders. He also added that CFTC was dedicated to serving the public and all the US customers in the best manner possible. The BDB officials also had a lot to say in this regard, as not all the claims and allegations placed by CFTC were correct. Eventually, the case was closed.
Banc De Binary Trustpilot
Banc de Binary can be found on the Trustpilot. Trustpilot is a consumer review platform online where all companies can register and ask the community for an honest review. Since a whole process of the signup is there, reviews can be done by registered members whose opinions can be tracked. A company must also register itself and verify the account.
The goal of Trustpilot is to enable legit reviews for customers. Banc De Binary can be found as BBinary on Trustpilot. Their current review is 6.1 out of 10 (3 out of 5 stars), however looking at the reviews, it is easy to see the result is biased toward one 1-star review while the rest of the reviews are 5/5 stars.
In many cases, traders will complain just because they have lost all of their money even if they didn’t use appropriate approach.
Banc De Binary Scam
There were no reports of a banc de binary scam so far on Fair Binary Options. Scams can occur in various ways, and in certain cases, we at Fair Binary will even consider something scam if it was in Terms and Conditions that a broker has put up. However, despite this broad definition that we use, we have had no reports of bonus scams, failed withdrawals, weird rules and phone pressures by this broker.
Banc De Binary is a regulated broker that has a CySEC license. They have been providing trading services since 2009. Fair Binary Options reviewed them in 2012. They have won multiple FBO Awards, including the Best Broker award in 2015.
Banc de Binary USA
In relations to the case above, Banc de Binary made an announcement on January 25, 2013, that they were no longer going to accept customers from the United States. However, they still accepted customers from other countries. To regulate different operations associated with exchanges of binary options from the United States, new clients from there weren’t going to be accepted.
Until US regulation is more accepting to European style brokers, Banc de Binary will not be able to accept any customers from the United States. Banc de Binary is one of the best regulated brokers in the world and this is why they have to make sure that they provide the best services to customers and ensure all transactions made are safe. New traders from the United States should find other brokers that accept US customers, presented on the FBO homepage.
Banc De Binary EU
Banc De Binary is an EU registered and licensed broker operating from the company headquarters in Cyprus.
Banc De Binary has also set up a special.eu domain for their website catering to European customers.
EU is the world’s biggest economic area and it makes sense that Banc De Binary is focusing their efforts on EU traders. In terms of investment potential the EU is also a global financial center, especially since London is the global center for currencies trading. All these things make EU extremely interesting as the market for binary options trading.
Banc De Binary Free Demo Trading
Banc De Binary has established itself as a popular broker in the binary options trading. Demo trading is offered to those who make an initial deposit with a specified amount, and in case of any questions, it is always possible to get in touch with the customer service department.
They are going to review trader’s account and after having checked the initial deposit, trader will be offered a free demo account. It can only happen after a proper login. There is no need to worry about any sort of risks in this regard, as the money deposited is not going to be at stake in terms of demo trading. Using the demo account gives the opportunity to get the feel of the trading options and if one does no feel up to it, Banc De Binary enables the withdrawal of the entire amount the next day.
So why demo trading? When it comes to having a learning experience in binary options trading, opening up a demo account is a wise and a rational choice for anyone. The demo trading makes use of the real life trading sessions and simulations, thus preparing trader for the complexities that are about to follow.
The practice which the demo account makes possible is going to benefit trader in the long run.
Banc de Binary Practice Account
Demo trading account is crucial for traders without any prior experience in binary options trading.
Luck can matter at times in online trading, but not always and not frequently. Skills and strategies in trading are important no matter what.
If trader executes put and call options in the right manner, there is always the probability of success. Demo trading has been recognized by the expert traders as being a tutorial mode for the rookies and newbies.
It is beneficial to login with Banc De Binary. However, customers from the US should be aware they do not accept US customers. Great way to start improving your skills after creating the account and logging in is to deposit and ask for a demo account!
Banc De Binary Robot Auto Trading
Many customers are wondering which auto trading services support Banc De Binary (BDB) for automatic trading of binary options. The popular auto trading provider, the Binary Options Robot works with Banc De Binary without any issues. The integration is made to benefit customers because they do not have to think about how to install the software and login to their Banc De Binary robot accounts.
With the Binary Options Robot, all traders have to do if they want to select Banc De Binary as their broker is to go into Robot dashboard and click “Open Account” next to Banc De Binary. The website will automatically create an account with the broker that is directly connected to the robot.
Previous accounts you may have with Banc De Binary will not work with Binary Options Robot – customers need to create a new one via the Binary Options Robot interface and deposit money on it. Also, customers cannot transfer funds from their previous BDB account but need to withdraw them first and then deposit them back by clicking deposit in the Binary Options Robot Dashboard, next to Banc De Binary.
One of the most respectable brokers, Banc De Binary, recently announced a great addition to their portfolio. Novice Trader is a new system developed especially for beginners. It is supposed to enable newbies trading without allowing them involvement in very risky trades.
Banc De Binary Minimum Investment
Thanks to Novice Trader, Banc De Binary beginners will be able not only to develop their skills gradually but also to trade in the much safer environment. The new system will be able to scan all traders who are online, and identify beginners or traders with less experience. Then, all their trades will be limited to $10 maximum investment.
That is not the only good news, as new traders will also have access to Novice Account Manager. The role of Novice Account Manager is to lead traders through the first steps. Traders will also get access to webinars, e-book, demo account, and educational training. The demo account will be unlimited, which means that traders can practice as long as they need. This will definitely improve their trading abilities later.
Novice Trader system will really help them to take one step at the time when developing their trading portfolio. Even though some might think that this limit of $10 per trade is not enough, it is important to mention that Novice Trader doesn’t last forever, and traders will sooner or later be given the opportunity to invest as much as they like.
Novice Trader passed beta phase with A grades and is now an essential part of Banc De Binary trading platform. The traders are identified thanks to the KYC process during which traders are required to provide some answers about their trading experience. Thanks to KYC, Banc De Binary is able to estimate whether or not the customer is suitable for binary options trading, and if they need to be involved with Novice Trader system.
Novice Trader – Banc De Binary
Tracey Ludlam, Head of Account Opening explained how this straightforward approach is something that has never been seen before in binary industry:
“Our new system will help trader prevent losses that often happen as a result of inexperience in financial trading. Soon, they will have more knowledge that will help them in trading successfully without any limitations.”
This is the first time that binary broker offers something like this. It will surely help traders to get a better insight into what binary options trading really is, with limiting the risk to the bare minimum. $10 trades are perfect to start with. This amount will prevent traders who expect easy money from investing the entire deposit at once, which is rarely profitable.
Novice Trader can also be seen as a pioneer system of servicing beginner clients that could become obligatory. Customer rights are becoming more and more important in binary options industry and it wouldn’t be a surprise if soon all brokers had to have a similar system. Novice Trader is beaming traders in the right direction from the very start which means there are high chances they will come very profitable when they start trading on their own.
Inexperienced and beginner traders are especially vulnerable as they often have high expectations but lack proper knowledge in binary options trading. Beginners often have a tendency to approach binary trading easily and not understand the risks or procedure of trades execution.
Banc De Binary Sponsors Paralympics Team
As a socially conscious company, Banc De Binary never failed in their attempts to provide support to people who need it. This year popular broker is sponsoring the Cyprus Paralympic Powerlifting Team. The sponsorship is signed for season 2016/2017, and luckily will help them be part of the Paralympics games in Tokyo 2020.
The team consists of 4 members, who are training under Panicos Panaretou. Powerlifting is very popular in Cyprus and they are counting on their team in the future. Omer Hen, chief of operations for Banc De Binary expressed great satisfaction with this cooperation:
“Banc de Binary’s continued dedication to helping the Cyprus community demonstrates our commitment to the island. We wish the team well in forthcoming competitions and events.”
Banc De Binary is one of the most trustworthy brokers in the entire binary industry. They are known to be regulated by numerous regulatory bodies including CySEC and AMF. Banc De Binary offers a variety of benefits for their traders, including a great set of assets, various binary options types, and great customer support.