Is Options Area A Good Or Bad Binary Options Broker

Options Area

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Options Area Archive Review

Introduction

OptionsArea is a newly established binary broker that is owned by a holding company called Dolce Formula Ltd. Although, their headquarters are based in Mahe, Seychelles, OptionsArea also maintain satellite offices in countries like Australia, Canada and the UK. While Optionsarea may be a new broker on the binary trading scene, they have been getting some serious attention from traders. At this point, we were not entirely sure about what was so attractive about this broker, so we decided to conduct an in-depth review to find out more. We hope at the end of this review, you will be in a better position to evaluate the quality of Optionsareas’ services.

What do you think of Binary Trading, is it good or bad?

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Binary options are embarrassingly bad. They are SO bad, that they have to be marketed. Not only that, they are so bad, that they use deceptive marketing practices and are made out to sound like a get rich quick scheme. Structurally, you are gambling on coin flips, but unlike coin flips, you have to pay the broker to convince them to take the other side of your trade. Thus they permanently have a negative expected payout. You should avoid binary options like the plague. Pull your money out of the account your set up and put it in an account with a reputable big name broker and stick to vanil.

Binary options are for suckers.

The problem is that if you are any good at it, the website will kick you off the site.

They funny thing is that I’ve found that none of the binary sites will give you any information that would be at all useful in making money trading binaries.

Trading non-binary options is like playing poker or horse racing. The house gets a cut, but ultimately you are playing against the other players, so the house doesn’t care if you are good or not, because they make the same amount of money either way.

Binary options are more akin to blackjack in which the house will kick.

Banc De Binary Review

Banc de Binary is an award winning broker founded in 2009 and headquartered in Belize City, Belize. Founded in 2009, it has achieved good reputation worldwide as a trustworthy broker. Banc de Binary maintains a customer base of traders from more than 80 countries but they do not accept customers from the USA.

It is regulated by the IFSC and holds the license number IFSC/60/352/TS/15. The maximum payout rate for the traditional option is between 60% – 91%. The payout rate depends on two factors including asset type and expiry time frame.

Trading Platform

Banc de Binary offers the common SpotOption platform that feature simple and straightforward interface for beginner traders. There are many types of binary options including high low, 60 seconds, pairs, one touch, boundary, long term and early closure options.

The short term expiry time frame range from 60 seconds to 24 hours. They provide a free demo account for traders who want to test the platform without investing real money.

There are a number of videos where experts in the finance industry discussed about the different aspects of binary options trading. They also support a mobile platform that is compatible to both apple and android devices. The mobile platform also gives you access to live charts which is useful for analyzing and monitoring the market movement.

Types of Trading Accounts

Banc de Binary offers 3 types of accounts including Bronze, Silver and Gold. Bronze account only has a minimum deposit of $250 so it is suitable for traders who is just starting out in binary options trading. Silver account is for serious binary options traders who want to invest more than $2,500. Customers who sign up for Silver account will have 10 days direct access to the account manager.

In addition, you are also entitled to 1 month of trading signals supplied by Trading Central. You can open a Gold account if you want to invest more than $5,000. Gold account gives you anytime access to your account manager and 3 months of free trading signals by Trading Central. They also have another account called Lion Premium accounts, for traders who want to deposit more than $10,000.

Trading Bonus

Banc de Binary offers trading bonus to encourage traders to trade with them. The trading bonus range from 50% – 100% depending on the type of account you choose. The bonus is not automatically credited into your trading account so you have to contact your account manager if you want the bonus.

Deposits and Withdrawals

Banc de Binary accepts credit cards, bank wire as well as other alternative payment methods for deposits and withdrawals. Funds you deposited via credit cards will appear instantly in your account. However, if you withdraw via credit card, you will have to wait for up to 5 days for the withdrawal request to be processed and another 3 days for the funds to appear in your account.

Bank wire is the best solution if you want to deposit more than $50,000 into your account. It can take up to 5 days for the funds to arrive in your account after you initiated the bank wire transfer.

Bank wire withdrawal takes 5 days to be processed and another 5 days to see the funds in your account. If you withdraw by Skrill, it will take 5 days to be processed but the funds will arrive in your account in 1 hour after approved.

The minimum withdrawal amount of $50 regardless of the withdrawal method you choose. To withdraw funds, you simply click the Withdrawal tab and enter the amount you want to withdraw. Finally, you must select the base currency and click on the Submit button to send in the withdrawal request.

Banc De Binary Customer Support

Traders can reach Banc de Binary’s customer support department via email, live chat, Skype, and telephone. They are backed by a multilingual customer support team trained in handling inquiries in many international languages. The website also support seven different foreign languages including English, French, Dutch, Italian, Russian, Spanish, Arabic and Portuguese.

Is Banc De Binary A Good Broker?

In conclusion, Banc de Binary is a great broker with many types of options to choose from. It has excellent return rate and the trading platform features an excellent user interface. Others advantages of Banc de Binary are 24/7 trading, loyalty rewards, and personalized trading service.