by Becca Cobb
Not all of us are finance gurus. Some of us simply have a savings account, maybe a few GICs or even a mutual fund – heck, perhaps even some gold bars or silver coins. When it comes to playing Wall Street, it’s a whole other world for the average person.
The latest craze in the stock market world is binary options, types of options where the payoff is either a fixed amount of some asset or nothing at all. There are two specific kinds of binary options: a cash-or-nothing binary option and an asset-or-nothing binary option.
Binary options have grown in both popularity and scrutiny over the years. Those closely affiliated to the industry and some financial experts say it’s a dangerous way to trade because of two reasons: you don’t need to know a lot when you embark on trading in the market and there is a negative cumulative payout involved.
Analysts opine that the best way to determine if binary options are successful for you is to do the following: analyze the win/loss ratio, win size versus loss size, net income, net profitable trades and maximum losses in a row.
When global markets plummeted and took a beating in 2007, successful businessman and revered financier Oren Laurent established Banc De Binary in 2009 in light of the market insecurity and volatility. Since then, Banc De Binary has been the solo binary options company in the European Union. Recently, it has been authorized and registered by the Cyprus Securities and Exchange Commission, the United Kingdom Financial Services Authority (FSA) and the EU regulatory bodies in the 27 member nations.
Located in Limassol, Cyprus, Banc De Binary has become one of the top investment firms with an innovative and original online platform. It boasts about the financial tools that allow hundreds of thousands of clients to prosper in a difficult market.
Aside from its financial instruments, it also maintains several other features, such as publishing the latest industry news, support from its professional brokers, updates of technical analyses and a sublime overall customer experience.
Three years after opening its doors, Banc De Binary has expanded into 80 countries across the globe and is serving clients all day every day. It is in the midst of growing its already large book of clients. In order to do this, it continues to improve on its assistance, services and status.
“We have long voiced our desire to expand in these markets and through the obtained license and the registration of Banc De Binary in UK, Germany, Spain and Italy now we can serve investors throughout Europe,” said the Banc De Binary CEO in a media release last month. “Our clients can be assured of the highest level of professional standards, customer service, financial security and transparency in their transactions with us.”
The firm’s website contains a variety of functions to aid and improve the trading experience. Some of these features consist of an introduction to binary options, fundamental analysis, profit strategies (risk management, trading strategies, trading fundamental events), how to select the best broker and market reviews. It also has an up-to-date, comprehensive blog that covers industry news, helpful videos and important tips.
After a couple of superb years, Banc De Binary has been given several distinctions and honors from industry leaders for its excellence, including winning outstanding awards for best customer service, best brokerage and best platform of the year.
The minimum deposits are $250 with payouts averaging about 81 percent. Presently, it does not permit clients from the United States. Experts believe the company is reputable and successful as it has received on average four-star reviews from several finance venues.