This broker is closed.
Banc de Binary is easily one of the most known brokers in the world when it comes to binary options trading. By our opinion, Banc de Binary is truly an excellent binary options broker who provides traders in South Africa useful trading features to have a profitable binary journey.
Online since 2009, Banc de Binary South Africa offers their trading services on financial market.
Below in this article, we will take a closer look on what trading tools and services can be used when trading binary options with Banc de Binary in South Africa.
- General Info
- Trading Platform Features and Services
- Demo Account
- Trading Accounts
- Customer Support
- Banking Info
Banc de Binary broker no longer provides binary options bonuses!
Banc de Binary Demo Account
As a valuable trading feature, Banc de Binary demo account is widespread among traders in South Africa. Trading on Banc de Binary demo platform is simple and available for all traders who are interested in binary options trading and want to make the most from trading with this broker.
Banc de Binary demo seems to be an excellent choice for new traders who recently joined binary industry, where they can practice trading on several strategies and choice among many available underlying assets to place trades. Trading on demo save a lot of time for traders, residing in South Africa. Thanks to its many benefits, Banc de Binary practice account is on the main reasons why traders have chosen this broker as their preferred broker in binary options industry.
Banc de Binary practice account is available for use after traders register on the trading platform and deposit $500.
Afterwards, demo account is offered to traders and it is funded with $50000 of free money for them to test demo platform and improve trading skills. Demo account serves as a great and useful starting point for maximizing profit when trading binary options. In any time, traders are able to contact their account manager who will assist them during entire trading process and provide them with trading recommendations on how to be more efficient in the trading process. Once traders deposit with Banc de Binary, they should first contact their customer support services, that will enable them to use Banc de Binary demo.
It is important to note there is no risk involved in demo account, since entire trading process is done with free money.
Banc de Binary Trading Accounts
During our Banc de Binary review, we saw there are three available account types for traders worldwide and in South Africa. Account types are clearly stated on Banc de Binary website and each type is well explained, depending on minimum deposit amount and trading features.
- minimum deposit $250
- webinars available 2x/month
- minimum deposit $2500
- trading alerts and webinars 2x/month
- 10 days direct communication with Account Manager
- daily market news
- minimum deposit $5000+
- trading alerts and webinars 2x/month
- 10 days direct communication with Account Manager
- daily market news
- binary trading signals
- risk free trades
- money management trading plan
Banc de Binary uses SpotOption as its preferred trading software. They provide user friendly interface and for South African traders it should be simple to navigate through the site.
Minimum deposit is $250 with highest return going up to 90%. Minimum investment amount is only $1 while maximum investment $6000. South African traders can place trades in following currencies: European Euro, American Dollar and British Pound.
They accept traders from all across the world, including South Africa.
South African traders who want to start trading should know that both registration process and Banc de Binary login are very simple and shouldn’t present any difficulties for traders.
In right upper corner, traders can see fields Open an account and Banc de Binary login. Traders have to provide this broker with email address and password and first register on trading platform. Once this initial step is done, traders will receive a confirmation email in order to activate trading account.
Before traders deposit, they have to provide several documents for data verification. You can read more about this in the Banking Info section below.
Later on, they can begin trading binary options on this platform.
Banc de Binary offered trading services and tools for traders across the globe, including South Africans. Thanks to its wide range of trade options and other features, we are not surprised why Banc de Binary is named as leading broker in binary options industry, present on South African market. During our Banc de Binary review, we were pleasantly surprised how quick customer agent was on live chat and how easy it is to navigate through the binary trading platform.
Traders from South Africa have on their disposal several different trade options that can be used in trading process with Banc de Binary:
- 60 Seconds – this short term trading within 60 seconds is intended for traders who like excitement and for this reason they invest money in 60 Seconds trade option. We can say it is riskier trade than long term because here is present a short span of time and traders should be well informed about situation of particular asset to be sure they will place trade on the right direction.
- Digital Options Pro – with this trade option, South African traders should be able to decide will an option be higher or lower rate than the one it was entered initially. Digital Options Pro offers traders to choose among a variety of underlying assets and expiry times each 10 minutes of an asset on the platform. Trades can be monitored on the trading platform or on trader’s account.
- Long Term – besides short term trade options, Banc de Binary provides traders with a long term investments in binary options. Traders who are involved in the trading process and read market news regarding particular underlying assets, prefer this type of trade options, together with the different expiry times.
- Pairs – Pairs are getting more and more popular in binary options trading. With this option, traders can place 2 different assets against each other and see their performance during trading process. South African traders can trade with stock pairs or currency pairs, depending on what traders prefer as their chosen underlying assets, such as gold and platinum or google and yahoo.
Banc de Binary gives traders a possibility to trade binary options with the following expiration times: 60 seconds, 15 minutes, 30 minutes, 1 hr and 24 hr +.
In Banc de Binary review, we have seen an impressive list of available underlying assets. With more than 200 different assets, Banc de Binary is one of the top binary brokers in the industry if we compare the asset list with other available brokers. The whole list of underlying assets in available on their binary trading platform. We can sort all these assets in 4 main categories, such as stocks, commodities, currencies and indices.
Very popular trading services, provided by this broker, are mobile trading app and demo account. Mobile trading enables traders in South Africa to trade binary options when they are on the go.
Mobile platform is excellent way and it is possible because of the technology improvements and is completely compatible with Android and Apple devices. South African traders can use mobile trading platform on their smartphones and tablets.
The second trading tool available for traders in South Africa is demo account. Banc de Binary Demo provides traders a great place on trading platform where they can trade binary options at no risk. This way, they are allowed to test many strategies and a large list of underlying assets in demo version also. Since there is no trading with real money, risk isn’t present and traders can use demo version of platform to improve skills and later on, be more efficient and successful in binary options trading process.
Banc de Binary provides traders in South Africa with an multilingual trading platform which is an indicator of how this broker pays attention to their traders worldwide. Besides English, South African traders can use platform on Spanish, Russian, French, German, Italian, Portuguese, Dutch and Arabic.
Banc de Binary Scam
Customer support is combined with security, the main elements of successful binary options trading. We did not receive any complaints about Banc de Binary scam, but since the broker is now closed you can check IQ Option South Africa and trade with the regulated broker.
In Banc de Binary review, we tried email communication and live chat and are happy to inform our readers from South Africa about provided services. Within just seconds, agent answered our questions regarding binary trading and safety of depositing and withdrawing money.
It shouldn’t surprise anyone why this broker is listed as number 1 on our list of best binary brokers in industry. Traders can contact Banc de Binary on email [email protected].
The new and improved platform shows slightly different way of how to reach Banc de Binary support agents. In upper part of this platform, South Africans can choose between clicking on Get Instant Answer or Urgent Questions for Management. Under Instant Answers, a new window will open and traders can just type what they are interested about. They will be provided with top 10 articles, where also, they can find needed info under specific topic (accounts, trading basics, how to deposit? etc).
It is also important to emphasize how Banc de Binary review offers traders a great and useful Education Center with multiple trading tutorials, webinars and other mechanisms help that can help traders to be more skilled when trading binary options. Both new traders as well as professional traders can use their educational assistance in the trading process. Free video courses, FAQ, Lion Academy, financial glossary and many more are available for traders worldwide.
Banc de Binary review showed us they try to provide traders a high security level in trading binary options.
They use SSL and PCI protection programs, together with few more, which shows how we are talking about trustworthy binary options broker. For traders to be able to deposit with this broker, they have to register on the platform and choose deposit option by their choice and the minimum amount.
Later on, traders will receive message that their account ready for binary options trading. Traders can make payments with credit cards, bank wire and through e-wallets (Skrill Moneybookers, CashU, QIWI, WebMoney, Yandex.Money etc). E-wallets are becoming very popular in binary options industry de to its simplicity. Money withdrawal is possible within 3 business days. For traders to be eligible to withdraw funds, they have to send Banc de Binary few documents in order to authenticate identity and prevent possible fraud with personal data. Documents, such as photo ID, copy of address and credit card should be sent to them. Another great advantage that Banc de Binary offers traders in South Africa is that no fee is charged when withdrawing funds, which is excellent news.