The range of underlying assets available at an online brokerage determines how much variety a trader has available. Underlying assets typically span four major categories including stocks, forex, indices and commodities. The more tradable underlying assets, the better the broker since you are not limited to trading a narrow range of financial instruments. Banc De Binary features over 200 tradable assets across all four categories. The underlying assets range is sourced from over 30 countries around the world. Examples of popular currency pairs include EUR/USD, GBP/CAD, USD/JPY, EUR/GBP and others. The better binary options brokers feature major pairs, minor pairs and exotic forex options. Top indices such as the FTSE 100, Hang Seng, Dow, Dollar Index F., DAX 30, NASDAQ, Shanghai Composite and the S&P 500 are standard at the top brokers. Stocks include Alibaba, Apple, Caterpillar, 3M, Google, Johnson & Johnson, JP Morgan Chase and others. Top commodities at Banc De Binary include Wheat, Platinum, Silver, Gold, Coffee and Brent Crude Oil.
24Option presents traders with an entirely different website and trading platform to Banc De Binary. The black and gold look of 24Option ditches the minimalism of Banc De Binary in favour of a high-tech approach to trading options. This binary option site claims to have the largest list of currency pairs in the industry, but to find the list you’ll have to do a little digging. There are some 30 currency pairs to trade, with major, minor and exotic pairs available. The commodities list at 24Option is impressive and includes copper, platinum, gold, oil, corn, sugar and XAU/XAG, XAU/EUR, XAU/JPY too. Stocks like BMW are available, as are Barclays PLC, Deutsche Lufthansa, Disney and others. The range of unique European and Asian stocks is laudable at this broker. In terms of indices, 24Option is on par with Banc De Binary with several interesting indices like TA-25, South Africa 40 Future and Bombay 30. Judging from both brokers, there is a solid mix of options to trade, and the only real difference is personal preference.
In terms of banking options, 24Option features a spread of reputable deposit methods. These include Visa, Visa Electron, MasterCard, Discover, Skrill, Moneybookers, Delta, Neosurf, iDEAL, GiroPay, Diners, Sofort, Neteller, Wire Transfer and others. These are guaranteed secure and the site also uses 128-bit SSL technology to safeguard the integrity of trader accounts.
Banc De Binary also features a quick and easy listing of deposit and withdrawal methods for traders. The listing includes alternative payment methods, Skrill, Moneybookers, credit cards and bank wires. Instructions for each of these payment options are clearly listed on site. The payments options are more limited, but the available options are popular, including Visa, MasterCard, Maestro, Skrill, Bank Wire and Union Pay
When you make a deposit at a binary options broker you must always look to gain as much leverage from your deposit as possible. One way to do this is to maximize your bonuses. Since promo offers routinely change, a static review would not do justice to either brokerage. Suffice it to say, traders are encouraged to contact customer support prior to making a deposit to ensure that the highest possible bonus is collected.
Trading bonuses are available to traders opening an account with a minimum balance of $250. For that you will receive a 100% matching deposit bonus. Typical bonuses range from 50% up to 100% on specified amounts. You will have to get in touch with a customer rep to find out what bonuses and promotions are currently running. Overall though, there is very little between these two binary options sites in this department. It all boils down to personal preference – the simplicity and sophistication of Banc De Binary, or the tech-centric flavour of 24Option. Bonus terms and conditions apply.
Banc De Binary caters to an upmarket type of trader. It should be pointed out that there is a demo trading account available with practice money trading. There are 3 popular account types including Bronze ($250 upwards), Silver ($2,500 upwards) and Gold ($5,000 upwards). With every additional tier, you get rewarded with more assets, educational resources, bonuses and personal support. For big investors, Lion Premium Accounts are available. These are ideally suited to traders with $10,000 or more to invest. 24Option is a little less user-friendly, and traders will have to search through drop-down menus to find the full listing of account types. These include Standard Accounts (€250 upwards), Silver (€2,000 upwards), Gold (€25,000 upwards), Platinum (€50,000 upwards) and Diamond (refer to personal account manager). Clearly the limits at this options broker are substantially higher and only a discerning group of traders is likely to be selecting anything other than Standard Account types. The range of exclusive offers, services and features increases as you upgrade your account type. In terms of affordability and less tiers, Banc De Binary once again wins. But if you’re a high roller, you will definitely want to check out the Gold, Platinum and Diamond account features at 24Option.
If you’re new to binary options trading, or you’re an intermediate-level trader chances are you will want to learn as much as possible about this vocation. A caveat is in order: traders stand to lose whatever they have placed on trades, since there is no guaranteed way to make money in binary options. Having said that, there are many useful tools and resources you can use to boost your trading experience trades. 24Option features a Free eCourse, Trading eBook, VOD, Interactive eBook, Trading Guide, a Blog and customer support. These are really useful resources to get you started on your investment journey. Banc De Binary is deeply invested in education and goes the whole 9 yards with extensive coverage on outside blogs, financial news sites, social media sites and beyond. Banc De Binary offers you The Lion Academy, Free Video Courses, Binary Options Basics, FAQs, Financial Glossary, New E-Book, Learn Binary Options guides and so much more. There is even a demo trading account for registered traders to practice on. Both sites offer great education, but Banc De Binary comes up trumps.
There are many other aspects to binary options brokers, including mobile trading, the trading platforms, and yields on trades and whether or not there is any money paid out on losing trades. Since both these brokers run neck and neck, it’s best to evaluate them on their individual merits. Both are regulated by CySEC (Cypress Securities and Exchange Commission) and both offer oversight, segregated accounts and transparency. In terms of an overall winner, there isn’t one since each site leaves a distinct footprint on the trading landscape.