This broker is closed.
Safe Regulated Broker
Banco Capital is one of the first binary brokers that operate in binary options industry. To traders residing in South Africa, they offer secure trading platform with different features that can lead to a profitable trading process.
Established in 2008, this brokerage company is owned by IVA Progress Ltd. Traders, interested in trading binary options with Banco Capital, should know that this broker is trustworthy and regulated by two regulatory authorities:
- MTR Estonia (licence number VVT000352) – EU
- FMRRC (Financial Market Relations Regulation Center) – Russian Federation
For more on this broker and available trading services, read below in our Banco Capital review.
Banco Capital Trading Platform
As its preferred choice of software, Banco Capital uses SpotOption, well-known in binary industry. This platform is user-friendly and provides great experience for traders to invest in binary options. South African traders shouldn’t have any problems while using it, since it provides simple overview of past, existing and future trades.
Minimum deposit to start trading with Banco Capital is $250 and maximum bonus goes up to unlimited amount. With this broker, traders can invest in USD and EUR and highest possible return is 85%. It is important to mention that once selected currency during registration has to remain the same in the withdrawal process. Minimum Banco Capital investment amount is $25, while maximum investment is $1500.
Banco Capital Trading Features
On trading platform, traders can experience trading with a whole set of different trade options to maximize profit, while trading. South Africans can choose among a wide range trade options, such as: 60 Seconds, High/Low, One Touch, Pair Options, Long Term, SpotFollow and Ladder Options.
SpotFollow is popular trade option that enables traders to copy done trades of successful and experienced traders and increase chances of winning.
To execute trades properly, traders have to select expiry time of an asset. They can choose to invest in following times of expiration, which include 60 s, 2 min, 15 min and end of week.
During Banco Capital review, we noticed that mobile app is coming soon. It seems that soon they will implement mobile trading service to all their registered traders, who will then be able to trade from anywhere. We will inform our readers when Banco Capital mobile app is introduced to traders around the world.
With Banco Capital, traders can invest in currencies, stocks, commodities and indices. There are more than 180 available assets. While depositing, traders can choose an account, select preferred underlying asset, trade option and expiry time.
This broker has also prepared promotions, such as Banco Capital bonuses that serve as incentives to attract more people to join this platform and maximize profit. Under Banco Capital
T&C, traders can find detailed information about bonus policy, as part of their transparent business. In order to withdraw funds, it is required to make 30x turnover. This turnover is an average in binary options trading.
Banco Capital Customer Support
Our Banco Capital review shows us that this broker offers platform, available on English, Russian and Japanese. If traders need any assistance during their trading process, they can contact Banco Capital via email [email protected], live chat, web form and phone (only Switzerland and Estonia).
Details regarding how to contact Banco Capital, can be found under About Us tab, in the right upper corner of the trading platform.
Their customer agents are available for assistance 24/7 and traders from South Africa can ask them if they have any difficulties, regarding registration, payment or trading process itself.
Traders who deposit with Banco Capital can check their Education Center in order to find relevant information on how to trade binary options and be successful while doing it. Registered traders can get access to Live TV and a variety of education materials, such as trading tips, learn how to trade and Economic Calendar. Under this section, traders can click on Asset Index to get an overview of available assets (stocks, currencies, commodities and indices).
FAQs is a part of Banco Capital platform worth mentioning. It covers almost everything that can be of great help for traders to improve trading skills and use different techniques. FAQ section covers following parts of binary options trading process:
- open account
Banco Capital Banking Info
Ensuring security for traders funds are priority of Banco Capital broker. Therefore, they use SSL encryption technology that offers high safety standards in order to protect traders’ personal and financial data.
Before depositing, South African traders have to first confirm identity by providing few needed documents, such as:
- copy of valid ID card
- proof of address
- copy of used credit card (visible signature and hidden digits)
Documents should be sent to [email protected]. As stated above in Banco Capital review, minimum deposit is $250, while maximum deposit depend on payment type. With bank wire, amount is unlimited, with credit card is $5000 and for Western Union, amount is $10000.
To deposit, traders have to login on trading account, click on Deposit tab and insert an amount. Traders are able to use different deposit and withdrawal methods to execute payments:
- debit/credit cards – Maestro, Mastercard, Visa, American Express, Delta, Solo, Diners Club, Carte Bleue
- bank wire transfer
- e wallet WebMoney
In order to withdraw funds from account, same type of documents are required. Traders have to submit withdrawal request and once approved, then they can get their money. It takes up to 3 days for Banco Capital to process this request and extra up to 5 business days for funds to arrive on traders’ account.
Unlike other binary brokers, there is no minimum withdrawal amount with Banco Capital. Withdrawal methods are the same as in deposit process. For withdrawals done via bank wire, fee is $25, while via ewallets and credit cards, there is no fee.
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