Banc de Swiss is regarded as the safest and most efficient binary trading option available today. The reason behind this is the clean and homogeneous trading environments as well as intuitive methods that can help the users get maximum profits on their investment. The platform is quite neat in itself and has many options for both beginners as well as experienced traders. What sets this platform apart is a unique color coded method of trading. You simply have to open an account, deposit your money and start trading. The payments are immediately transferred to your accounts which make it quite easy to use and you get better returns as well. Moreover, it is a web based platform so you get the freedom to trade from your account from anywhere in the world.
Banc de Swiss General Information
Founded in: 2011
Headquarters: Mainzer Landstrasse 41, 60329 Frankfurt
Minimum Deposit: $100
Minimum Amount Trade: $5
Geographical restrictions:Mostly focused on the European Market
Trading Options:You can trade in stocks, forex, commodities as well as indices
Trading Methods:Spot option
Refund: up to 10%
Platform Provider: Spot Option
Languages supported: English, German, Deutsch, Italian, Latvian, Estonian
The account opening procedure is quite simple and as per the website it would take less than a minute. The accounts are secure and you are safely able to transfer money to and from the account. You can trade either in USD or EUR for forex, commodities, indices and stocks. However, hedging and scalping facilities are not available. The profitability is 65-70% only and you will not get refunds for more than 10%. You get One Touch options as well, but the traders from the USA are not allowed. The account and the whole platform is designed while keeping the European Market in mind. Therefore, even if USA traders wish to participate, they would need a lot of research or would have to trade through an agent in Europe.
No Of Assets 7/10
There is not a huge variety to choose from but there certainly are good options that will attract the users. It currently has 15 pairs of Forex currencies, 7 commodities, 24 indices and about 27 stocks in European markets as well as NASDAQ.
Fees and Commissions 6/10
There are no commissions on Binary Options which is a great as there is no margin interest as well. However, transfers definitely cost money and you may have to pay as many as $25 for a bank wire transfer.
Trading Profitability 8/10
The maximum gain can easily reach a massive 600% which is quite impressive. However, the general profit margin stays close to 70% and the refunds are only up to 10%. However, the Call-Put will certainly save your money if used efficiently; the absence of a stop loss does come as undesirable. The traders definitely need a safety net. However, the platform ensures that you get it all right, but stop loss must have provided some added assurance to the users of this platform.
Website Extras 7/10
You can trade lots of different options at Banc de Swiss. Besides the standard high/low traditional binary options you will fund the common one touch options or create your very own options using the OptionBuilder. There is certainly a lot to choose from if you want to trade binary with Banc de Swiss. Banc de Swiss are also offering the 60 seconds Options as well as Pro Trader Options. Therefore, you can easily choose according to your trading style and needs. The platform qualifies for 9 stars, but the absence of stop loss degraded the ratings. There are no email alerts or mobile alerts which will certainly not be very good choices for traders who engage in other activities as well. However, you can limit your order or chose One Click Trading as well, which come as good features to support the ratings.
Support Quality 8/10
This is another place where Banc de Swiss hits the ace. There is 24×7 live support and you can also do a live chat. The European traders again have an advantage as they are not dependent on the US markets for trading and can receive proper feedback from the customer support cell. You can chat with a customer support representatives within seconds of starting the chat and also get this support in various languages. The first language is always German, but you can always speak to an English speaking representative. They do not hang up for minutes and often answer quite fast. They are very prompt with the replies.
Loyalty Offers 7/10
Banc de Swiss offers a regular 10% bonus on a minimum deposit of $500. What does not quite seem much at first glance is actually a very fair deal, as the wagering requirements are extremely low. The bonus amount must be implemented only ten times and the bonus money can then be directly withdrawn. For new members, the bonus offered is more attractive In terms of bonus offered, Banc de Swiss is offering to all their new binary options clients receive a 100% welcome bonus on their first deposit when signing up with Banc de Swiss.
Payment Methods 7/10
The Payment Methods being offerd by Banc De Swiss are Credit Card, Debit Card, Paypal, Skrill and Bank Wires
Overall, Banc de Swiss is a limited but a great binary trading option. You must check them out for once if you want to invest in the European market and keep your money safe.