Banc De Binary vs 24option

The revolutionary field of Binary Options is seeing a host of new entrants constantly and the field is growing by leaps and bounds. The growth of the field can be attributed to the growing number of traders who are enjoying the unlimited benefits offered by a variety of brokers who are continuously pushing the boundaries to benefit the traders.

Though each broker tries to provide best services to the traders, yet there are some which are better at it than the others. To help traders choose the best from all these good brokers, here is a comparison of Banc De Binary vs 24option.

Banc De Binary vs 24option | Trading Platform

The trading platform of 24option is designed to cater to traders with advanced needs though it is very good for new traders, too. It offers the regular features offered by other brokers like four types of options– One touch, boundary options, High /low, and 60 seconds option which can be traded from one platform. They are based on the famous TechFinancial software and offer loads of possibilities through their numerous sub-modes. Furthermore, 24option is more detailed when it comes to providing traders with valuable information through user interface and their platform is constantly updated and being developed in a technological sense. 

This technological aspect of things is where Banc De Binary falls short because the platform feels a bit dated, especially if you take a look at its design. Less information is available and when you compare the two platforms, you will find yourself wanting to use the one belonging to 24option. Therefore, the winner of this part of our Banc De Binary vs 24option duel is pretty obvious, but we have more thing to analyze, so don’t go away.

Advantage: 24option

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Banc De Binary vs 24option | Minimum trade amount

Both brokers offer various types of accounts for traders to choose from according to the amount they are willing to deposit. The minimum trade amount of $1 makes trading with Banc De Binary very attractive especially for traders who are looking to test the water before diving in with full force. Minimum trade amount at 24option is $24 which might deter new traders, as this can reduce your flexibility quite a bit if you’re not investing a lot. However, it should be noted that both companies have a minimum deposit requirement of $250 ($400 if you’re trading from New Zealand, South Africa, Singapore or UK), so the difference is not as big as it may seem at first.

Advantage: Banc De Binary

24option Trading Platform

Banc De Binary vs 24option | Deposit and Withdrawal 

Both brokers allow fast and secure deposit and withdrawal options like credit cards, debit cards, electronic and wire transfers. While the deposits by credit cards/debit cards are instantly reflected, deposits by electronic and wire transfer may take 2 to 5 days to reflect in the accounts. Withdrawals at 24Options are charged at $30 per withdrawal if using wired transfers, 3.5% of for credit card, 2% of withdrawal amount for Moneybookers, and a minimum withdrawal limit of $100 for wire transfers. Here comes the major point of difference and the benefit of withdrawals – it is that there are no withdrawal fees. All types of withdrawals are entirely free of cost and the minimum withdrawal limit is $50. However, we found 24option to be much more trustworthy when it comes to handling our money. They always performed in full accordance with what was promised to us, whereas with Banc De Binary we often encountered delays. To be perfectly honest, we are willing to pay a small fee if that means tour money will be treated with the respect it deserves.

Advantage: 24option

After examining these two big brokers, we have to say that the winner of this Banc De Binary vs 24option clash is the latter company. They simply seem more professional and dependable, so we think slightly higher financial requirements are a fair price to pay for a better service. 

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Banc De Binary vs 24option | 24option Website preview

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Author: Mark Watson
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