Established soon after the global financial crisis, Banc de Binary or BDB is a leading binary options trading platform that is based in Limassol, Cyprus. They are licensed and regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license number #188/13. In addition, the platform is also registered with several regulatory bodies in more than a dozen European countries. Apart from being regulated by CySEC, BDB is also regulated by the Belize’s International Financial Services Commission (IFSC) under the IFSC License number: IFSC/60/352/TS/15. As one of the most heavily regulated binary options brokers, traders can be assured that their money will be safe when dealing with BDB.
BDB uses the popular SpotOption Gen 2 trading platform for trading access. The platform is popular with traders due to its reliability and advanced features. Designed to be simple and easy to operate, no training is required when using the platform. With the platform, BDB’s clients can choose to view the price charts as line charts or candlesticks charts. This gives one a better perspective when it comes to analyzing the dynamic financial markets. Traders can also change the time frame of the charts according to the time frame that they are trading in.
Unique Features
Perhaps the most unique feature about the SpotOption powered trading platform is the strategy advisor widget. The widget uses the Bollinger Bands, RSI and Moving Average technical indicators to give traders a heads up on which direction the market is likely to move.
Another unique feature about BDB’s trading platform is their support for social trading. With access to ZuluTrade, BDB’s traders can configure their trades according to the high ranking traders from the ZuluTrade network.
Trade Types
While the SpotOption Gen 2 trading platform can supports more than half a dozen option types, only 4 types of options contracts are available at BDB. The supported option types include:
- Classic Call/Put Options
- Long Term Options
- Pair Options
- Sixty Seconds Options
Trading Accounts
Depending on one’s trading needs, there is a selection of trading accounts for traders to choose from.
- Bronze Trading Account
Min Deposit $250
Daily Market Analysis
Twice Monthly Webinars
- Silver Trading Account
Min Deposit $2500
All benefits of the Bronze Account
Loyalty Gift
Trading Alerts
10 days direct to accounts manager
1 month Signal Access from Trading Central
- Gold Trading Account
Min Deposit $5000
All Benefits of the Silver Trading Account
Unlimited Access to Accounts Manager
3 Months Access to Trading Central
Bonus Protected Trades
1x Private Session with Analyst
Smart Money Management Plan
Payout Ratios
For normal trades, the payout ratio offered by BDB can go as high as 85%. However the payout is not limited to just this level as for long term trades, the payout can reach as high as 900%.
Asset Index
At BDB, traders can trade in more than 200 different types of assets covering the currency, commodities, stocks and indices markets.
Customer Support
The customer support services at BDB are available through live chat, Skype and email. Traders can also channel their inquiries through the telephone by calling the various contact numbers provided on their website.
Pros
- 100% Deposit Bonus
- Comprehensive Trader’s education
- Extensive Localized Support
- Over 200 Underlying Assets
- Regulated Broker
- Social Trading Supported
Cons
- Only European traders comes under the oversight of CySEC
- Option types limited to 4 types only
- Their minimum deposit requirement could be lower
Conclusion
With their regulated status and high returns offered, BDB is certainly an ideal choice of broker for any seasoned traders. Even for beginner traders, they remain an excellent choice mainly because of their comprehensive educational support that they offered. In addition with the deposit bonus reaching as high as 100%, they represent great value for money. It’s hard to go wrong with a broker like BDB.