Banc de Swiss is a younger broker from Switzerland and Germany with a rapidly growing customer base. With their SpotOption platform it’s possible to offer a fast trading experience with plenty of assets and a wide variety of options like touch- or 60 seconds options. The minimum deposit is only $100 and the minimum option size only $5. This makes it one of the best binary options brokers for novice traders.
Binary Options at Banc de Swiss
There must be good reasons why this broker has become so large within a very short period of time. In 2012 it became the market leader in all German speaking countries and is now also growing in other European countries like Italy and also world wide. Options trading at Banc de Swiss is very easy and everybody can execute trades within a matter of seconds. The platform is Browser based and you can access it through their website.
You can trade with high/low, touch and 60 seconds options at Banc de Swiss. You can also use the options builder to create your very own options. With this great tool you can choose your preferred asset, expiry date and level of risk.
There are dozens of different assets like Forex, commodities, stocks and indices. The focus is more or less European but that does not mean that you can’t trade US stocks. Indeed you will find plenty of those.
The Banc de Swiss trading platform was created by SpotOption. Chances are that they are working on their very own trading platform. This would make things interesting and is something only very few other brokers like OptionFair and Anyoption can offer.
Banc de Swiss was founded in 2011 in Germany, Frankfurt. The company headquarter is based in Cyprus (Keplero Ltd.) but they have branches in Germany, Austria and Switzerland. They now add more and more languages: English, Italian and Swedish are one of those.
Trading Features and Payout Ratios
The payouts at Banc de Swiss are average. They are not the worst in the industry but also not the very best. I’d say that they are maybe slightly better than average but even as VIP trader you won’t get 89% and similar payouts like it’s the case with OptionFair. Generally speaking, the payouts for currencies at Banc de Swiss are pretty good, especially for EUR USD.
Banc de Swiss is currently working on their very own apps but it will take a few months more until they’ll be available. If you visit the current Banc de Swiss website with your iPhone or any other smartphone you will see that it’s not optimized for mobile use at the moment. So in terms of mobile traders you can say that Banc de Swiss lacks a solid mobile trading platform. But it’ll be interesting to see what they are working on.
Deposit and Withdraw
Depositing money at Banc de Swiss is a very simple task. Several payment options are available: credit cards (Visa and Mastercard), wire transfer and Skrill (Moneybookers). They plan to add some more payment options in the near future.
The minimum to fund your account is $100 and the minimum option size is $5. This is very low compared to other brokers except for Banc de Binary where you can buy options for $1 already. The minimum to fund your account is $250 though.
The customer support at Banc de Swiss is one of their strengths – at least for German speaking option traders. You can contact them through e-mail, live chat, phone or Skype. We suggest email contact for inquiries with average importance and Skype for emergencies.
There are very good reasons why it was possible for Banc de Swiss to grow that fast. Most important is their approach that customers are key. Trading binary options is a pretty simple task but especially newbies need help and that’s where the Banc de Swiss helps. You can always get in touch with them and their platforms are very easy to use. They offer all major option types like 60 seconds options and their famous option builder. This review shows also that it’s one of the best places for newbies thanks to the very low minimum deposit and minimum option size. This makes it a great investment opportunity for traders that are new to binary options and that’s why we can fully recommend Banc de Swiss.