Banc de Binary is one of the leading binary options brokers on global, as well as South African market.
According to the source, Banc de Binary is about to cancel bonus promotions, due to overhaul trading business model which is going more in favour of binary regulators.
On binary markets, bonuses as often seen as a means of attractive new traders, which in hands of scam brokers, can turn to way to trick people and mislead them.
This comes in terms of unclear bonus policy where traders in South Africa don’t get complete and accurate info regarding bonuses.
For example, with majority of brokers, bonus amount can be withdrawn only after traders make bonus turnover between 20 or 40 times (depending on a broker).
Banc de Binary broker sees that as possible issue and decided to cancel bonus promotions from their trading platform.
Recently, CySec and ESMA authorities started pressuring binary brokers and overall industry to comply with their regulations and Banc de Binary is doing exactly that, which shows how this broker is serious and trustworthy for traders in South Africa.
To show how they pay great attention into ensuring South African traders to start their binary journey with success, especially as a trader beginner, they launched new feature; Novice Trader.
Just earlier this month, this brokerage company releases a statement in which they warn traders to beware of unregulated binary brokers, who operate on financial markets.