We ventured into our search to find this out. We have gathered that this broker rates average on Google trends and has been around for quite some time in the industry. We display their low results in the graph which can be found below.
Since we are still researching about this broker, we cannot say for sure that this broker is 100% legit. In order to be sure of our traders’ satisfaction we recommend you to Proceed to SafetyProceed to Safety OR choose one from the list of Top Trustworthy Binary Option Brokers:
Top 3 Brokers February 2017
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Binary Banc Review
Binary Banc is a new broker on the market. They claim to offer enormous payout to traders including some highly advanced trading tools and features that can assist traders. Our team recently conducted a research on this broker to find out more about their trading platform, customer support and what traders are saying about them. So if you have been looking to invest with Binary Banc, this review will help you make the right decision.
Is Binary Banc A Scam?
So far, we haven’t found any information that Binary Banc is regulated by any regulatory authority. They are an unregulated broker with a very basic looking website that we are sure won’t appeal to many traders. They may not be a scam, but they definitely need to put in more work and bring in more features to make them stand out. They rank very low on Google Trends which means they are not popular among online traders. Currently, we don’t have much information about them and based on our findings, we cannot conclude that they are safe.
Binary Banc operates on the Panda trading platform. The platform is easy to use and there are about 50 underlying assets that traders can choose from. The list of assets is not vast and so are the learning materials on the website. Binary Banc offers basic learning tools such as ebooks and webinars for newcomers so they can learn the basics of trading before they invest money. The broker claims to offer up to 80% payout, but we highly doubt this.
Account Types and Bonuses
Traders can choose from six different types of accounts. The first is the Micro Account and you can set up this account with a deposit of $1000 and up to $5000. The second type is the Silver Account which can be set up with $5001. for this type of account, traders can get a welcome bonus of 30%. The next is Gold Account and traders need $10,001 to get started. A welcome bonus of 45% can be obtained. Their Platinum Account can be set up with a deposit of $25,001. With this account, traders get bonus of 60%.
To set up a Royal Account, traders need $50,001 as deposit. Anyone who is looking to invest over $100,000 can sign up for the Corporate Account. More information about the bonus and benefits can be obtained by contacting their customer support team.
How to Get Started?
Sign Up – you can sign up for any of the six types of accounts at Binary Banc. The amount you deposit depends on the account you hold.
Trade and Profit – When you have funded your account, you can make investments on the chosen assets.
Withdrawal – any amount that you earn as profits with the broker can be withdrawal. You can check their website for more information about the deposit procedure and requirements.
Deposit and Withdrawal Procedures
The deposit and withdrawal methods offered by the broker include bank transfer, credit cards, Ukash, Sofort, Paysafecard and a number of other online options. The payment methods are convenient, but they require $1000 minimum deposit to get started. We think this amount is too high for the industry. In addition, withdrawal requirements are not mentioned on the website. We don’t know what the minimum withdrawal requirements are. We really hope that Binary Banc update their deposit and withdrawal information to help traders make more informed choices.
Customer Support Information
When it comes to choosing a binary options broker, one of the most important things that traders must look at is the kind of customer support service the broker offers. Every trader who invests with a broker expects the broker to extend the assistance and help as and when needed. When we tested Binary Banc on this criterion, we identified that they are quite poor when it comes to communication.
The emails that were sent to them bounced back and at times, their live chat service also doesn’t work. The option that traders are left with is making phone calls to them which at times also results in long waiting periods. We don’t really think Binary Banc has an efficient team to handle customer issues and concerns. This is another reason why we don’t recommend this broker at the moment.