Banc De Binary
Banc de Binary (www.bbinary.com) was launched in 2009, and has been at the forefront of the binary options industry since then. This broker is regulated by CySec, and as such, is not permitted to do business within the United States any longer, but they do have a trusted platform everywhere else in the world.
Mh2>What to Trade
Banc de Binary has a lot of different underlying assets to choose from, including international and U.S. stocks, indices, commodities, and a huge selection of currency pairs. One of their biggest appeals, though, is that they have many different ways to trade these things. There are long and short term options–down to 30 seconds per trade in some cases. There are also exotic choices like the one touch options and comparative pairs. With these, you simply need to look at a pair of assets and choose the one that will improve by a higher percentage than the other. This can be a great tool when assets are moving at distinctly different paces.
The biggest benefit of Banc de Binary is the fact that it is really easy to customize your trades if you wish. There are so many assets, and enough tools and timeframes to ensure that you could potentially trade in a way that no one ever has before.
You can open an account for $250, and a minimum trade is just $1 in most cases. This is great for small time traders, but there are tools for bigger traders, too. They have a competitive bonus structure, going up to 100 percent of what you’ve deposited. The threshold is to trade 40 times what your bonus is, so if you get a $1,000 bonus, you would have to trade $40,000 worth of options before you could unlock that $1,000. This is difficult, but it is free money in the end, which is pretty nice.
Their reputation is top notch, too. They’ve been around longer than pretty much every other binary broker around today, and they are now heavily regulated. Your money is safe here and you will have a great experience with their customer service department if you need to speak with them.
Banc de Binary has a demo trading account, which might seem like a big benefit, but it will only stay open for 24 hours which is not really enough time to even learn how to properly use their platform without making a mistake down the road. You can overcome this with the small trades they allow, but there may still be losses if you’re still learning.
The other negative here is that there are no insurance rebates on failed trades. Some brokers offer up to 15 percent of a refund if you are incorrect in your trader. This broker doesn’t offer that. Instead, they do have high rates on correct trades, which should more than overcome the deficit if you are an overall successful trader.
If you’re outside the U.S., creating an account with Banc de Binary is easy and pain free. For European traders especially, this is one of the top brokers in the world and it will be hard to find a better one. This needs to be taken on a case by case basis, but they are a great place to begin your search.