Banc de Swiss Review
An impressive new kid on the block
Banc de Swiss is one of the newer companies in the binary options trading space, but it’s already making a mark for itself with its customer centric approach. Its focus is predominantly on the German and English speaking customer though its web based dealing system can be negotiated in Italian also.
Banc de Swiss Bonus Offer
All new binary options clients receive a 100% welcome bonus on their first deposit when signing up with Banc de Swiss. To take advantage of this offer, click here and open an account.
Breadth of trading opportunity
Banc de Swiss offers binary options across a range of securities and assets, from all the major currency crosses to commodities, indices and a fairly impressive set of single stocks (including the usual suspects such as Apple and Microsoft). In short, most traders will find the opportunity to trade in the instruments they want.
Dealing is easy, and trades can be executed on a one click basis with a predefined payout. A trader can also elect to use Banc de Swiss’s options builder and select parameters such as expiry time and risk/ profit percentage for all assets on the platform. This feature is, like all others on the Banc de Swiss site, easy to use, and means that full customization of trading basis allows a trader to trade what he wants, when he wants, and how he wants.
Its standard profit payout is 75% on all assets, and the one touch trading facility is both fast and painless.
A platform that really works
Banc de Swiss are proud that opening an account and having the ability to trade can take just 58 seconds, though I found it took a little longer than that: but then I’m not the quickest on the keyboard (another reason I love one-click-with-the-mouse trading). But it is quick to open an account: key in a few personal details, run through the verification process – with a credit or debit card – and then you’re ready to trade. Once you’ve funded your account, of course.
The platform itself is clean and easy – like everything about the site. Trading is fast and efficient, and the position keeping screen easy to read. It’s also possibly to double up open positions, or roll over to the next expiry from this screen: once more with just a flick and a click of the mouse. As you would expect, profit and loss is displayed on a real time basis.
At the side of the screen is a scrolling news ticker. Though not comprehensive, it does help you to keep up to date with the main market moving events (though I’d still have my CNBC running and my Reuters news feed churning out the latest headlines).
If you switch to ‘ProTrader’ mode then you have access to charts and analytical tools, too.
Customer Service
Just to prove its customer centric approach isn’t limited to its sleek dealing platform, its customer service is spot on, too. I’ve never seen so many ways to get hold of a customer services rep: 24/7 online chat facility, email, telephone operatives in several countries, and then there’s also Skype. And when answered – which is quick – the service is both friendly and knowledgeable.
In summary
The Banc de Swiss trading system is clean and fast, and its customer service is exceptional.
The minimum deposit is $100, with a minimum trade size of $5. Deposits and withdrawals can be made by wire transfer, credit card, or Moneybookers.
Payouts on in the money options are up to 75%: maybe not the best in the business, but not at all bad.
Overall, Banc de Swiss is a good choice for both the entry level binary options trader as well as the experienced trader. Low minimum deposits are perfect for the new trader, and withdrawals by credit card are free (although wire transfer withdrawals are a charged option).
With standard binary options, 60 second options, and the customization that Options builder gives a trader, as well as the ability to upgrade to ProTader, this is a highly recommended online broker.
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