Banc De Binary (bbinary.com) are the latest binary options trading broker offering 60-second options to traders. With its only current competition for trading these short expiry times being Traderush, bbinary can be seen as an industry pioneer in terms of the services that it is offering. The lure of short expiry times attracts a certain type of trader, although Banc De Binary also offers a host of other binary options markets and expiry times. They also offer a good incentive package for new account holders as well as a host of free services for their clients including educational guides, daily market analysis, eBooks and even a Banc De Binary radio station.
Banc De Binary claim to be the global leaders in binary options trading. In 2011 they won awards, including the Binary Options Daily awards for best platform and broker, which goes a long way to supporting their claims. Their platform is certainly market-leading; offering both a straightforward layout with access to over 90 underlying asset markets and multi-functional trading tools. Banc De Binary actually offers four distinct platforms, each offering real-time trading but with slight variations in the way that options can be traded.
The standard ‘Digital Pro’ platform offers regular binary options trading whilst the ‘Option Builder’ platform allows a trader to customise the risk levels involved depending on the level of certainty that a trader has in an option expiring in-the-money. The ‘One Touch’ platform provides traders with large payout rates of up to 500% for pre-set expiry prices which both expire and are renewed each Friday. If your position is in the money on any day before Friday it will automatically close the position; explaining the name ‘One Touch’.
The bbinary platform is entirely web-based, allowing traders to access their accounts from any computer and provides a good opportunity for those who enjoy the flexibility of monitoring their positions from different locations. Deposits can be made using standard payment cards along with PayPal and Neteller amongst other online payment providers. The minimum initial deposit was reduced from $500, which was one of the highest in the industry, to just $100 during a promotional period but has now returned to the higher minimum amount. This is perhaps one of the only disadvantages of trading binary options with Bbinary, along with the platforms only operational language which is English.
Trading with bbinary, despite the high deposit required, is highly flexible with minimum required investment being just $1. This is one of a series of pioneering moves that bbinary has entered into for 2012 and represents the lowest investment levels in the industry; offing new traders the possibility to practice with low-stakes before entering higher-risk trading. Of the other market-leading services that they offer is the ability for investors to purchase 60-second options. This is currently only offered by one other binary options broker and is very attractive for traders who are looking to trade high-probability breakouts and reversal signals with short-term options. The average payout rate of Banc De Binary is 85% which represents a decent average across the industry.
