Banc de Binary is one of the leading names in binary options trading the they offer a low minimum deposit of only $250. This broker has become quite popular among traders for providing excellent services and trading options.
Founded in 2009, this broker has grown to accept 250,000 accounts in over 80 countries around the world. While this is certainly an impressive feat, traders require more details prior to signing up with any one broker. One of the main things that traders in general need to know is how much they are expected to deposit with a broker. Let’s take a look at the requirements that Banc de Binary has in store for its traders:
Minimum Deposit On Banc De Binary
If you wish to begin trading with Banc de Binary, you will be required to open up an account and deposit a certain amount of money. At Banc de Binary, you can choose from three different types of accounts – Bronze, Silver, and Gold.
The account that is cheapest to access is the Bronze one. If you wish to register with this account, you will be expected to make a deposit of at least $250. Once the transaction has been verified and your account is set up, you can begin trading. With the Bronze account, you can access the 190 assets offered. You will also be given important information regarding the market. Furthermore, you will be able to attend two webinars each month.
The Silver and the Gold accounts will require you to deposit a larger sum of money. For Silver, you will need to make a deposit of $2500 or more, while for the Gold, you will require at least $5000. For these higher premiums, you will be given more advantages and benefits from the Banc de Binary.
Banc de Binary offers its traders many different methods to deposit money into your account with them. Once your account has been established, you will be able to deposit the minimum sum into it. There are three main ways that you can transfer funds into your account.
This can be done with a credit card, a bank wire transfer, or an online payment method. For credit cards, you have options such as MasterCard and Visa. As an online payment method, you can use Skrill.
You should note that there are many different online payment methods allowed by Banc de Binary. These, however, tend to be specific to certain regions. As such, they are not available to all traders involved with the broker. Methods such as AstroPay, Boleta, CashU, Dineromail, Poli, and Qiwi are limited to specific areas around the world.
Another thing that you should be aware of is regarding the fees of these transactions. In some instances, they may be free. However, you may incur certain charges when depositing money into your account. As a trader, you will be responsible for paying these fees.
Furthermore, depending on the method that you have opted for, the money will be deposited at different times. With credit cards, this can be instant or take a few days. With bank transfers, you can typically expect it to take at least five days. You can only begin trading once it has been established that the money is in your account.
Banc de Binary will accept deposits in the form of British Pounds, US Dollars, and Euros. This is an option that you will have to decide on at the time that you open your account. Once you have made your selection, all of your trades, deposits, and withdrawals will be in this currency. When you have made a decision, you should be aware that this is usually finalized, and you cannot switch between currencies at will.
These are all of the details that you will require regarding how Banc de Binary requires its traders to deposit their money. This includes the minimum amount, the currencies accepted, and the ways that you can deposit this money.