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Banc De Binary is a very good place to start for our broker reviews. As the oldest broker in the industry Banc De Binary has a reputation of being head and shoulders above the competition. Let's see whether this holds true on closer inspection. The starting account you get with Banc De Binary is Micro Silver, this is for initial deposits of $500 - $2500. Above the Micro Silver you have the Standard Gold account for deposits of $2501- $5000. With this one you supposedly get privileged access to their customer service, however it seems like pretty-much the same level of customer service as you get for the Micro Silver account, or indeed if you call up without any account. This feature seems to have recently been removed from under the Standard Gold account so now it would seem the only difference between the silver and gold accounts is that with the Gold you get your initial deposit matched by Banc De Binary. The next step up in accounts is the Personal Broker Reserved account, you qualify for this one by depositing between $5001 and $50,000. The Personal Broker Reserved account earns you exclusive trading signals from their brokers, who you can get in touch with via email or alternatively you can talk to them over the phone or Skype. Banc De Binary's brokers will help you trade smarter by sharing their expert knowledge of the markets with you as well as helping you hone your risk management strategies. For deposits of over $50,000 the company offers access to their VIP Lions Club which gets you all of the above features as well as access to the company's market analysts specially reserved trading signals, professional portfolio management and true first in line access to any binary option contracts offered at any time. If you deposit $100,000 or more you also are provided with an exclusive card attached to the balance in your trading account and your own personal assistant to help you with market research, bookings, itineraries, basically anything you need done for you.
The front page of their trading platform features the basic Call/Put options for various asset classes throughout the day. This main trading page features three slots where you can load the different asset classes of your preference. This is a terrific feature as it allows you to personalize your trading page to your liking so that it shows the assets you're interested in working with.
On the right side of each graph you can alter the expiration times for the option in the box. Then, if you select an expiry time and you see the red lock-out box, you will not be able to enter into a new trade on this particular asset because the current one is too close to expiring, lock-out times go from around 15 minutes to as low as 3 minutes, this is dependent on the asset class. So for instance, an option on Euro/USD might be closing in 5 minutes, this will, in-turn, cause it to expire in 8 minutes, with the lock-out time for this particular trade being in three minutes. Three minutes is actually a pretty competitive lock-out time, which gives you a greater deal of control than some of the other brokers do.
Now as far as payouts go, on Banc De Binary's platform the payouts range between 65% and 91%, again a pretty competitive payout rate. The exact percentage for each option differs and is clearly marked to the right of the graph.
Trade sizes are the minimum and maximum value of an option that a broker will permit you to purchase. Banc De Binary's trade sizes are categorically the best in the industry, accommodating all varieties of trader, from the greenest beginner to the most experienced big boy with a bankroll to match. Banc De Binary's trade sizes range from a single dollar all the way up to $9000.
Our time on Banc De Binary's platform has pretty much confirmed the hype around this company. They are the best all round platform to trade on, with specific advantages in having the lowest possible minimum trade. Also, from what we can see they have the highest possible maximum trade, the highest payout percentages, most interesting account features and the newly added benefit of having this company being the only one to achieve regulation in a relatively new industry. They may not have the most tradable assets or allow you to deposit in the greatest number of currencies but overall we find the features they do offer to be a winning combination.
George Milios is the founder of onlineforextrading.net, the binary options and forex news portal which is dedicated to providing you with all the information you need to successfully trade.