With a variety of brokers in the field of binary options, it is not easy to find the broker that would answer your own specific needs. Below we offer an analysis of two brokerage companies, comparing the strengths and weaknesses of two companies in order to help you make the right decision. Two brokers that stand out in particular for their excellent services and will serve as great contenders in this broker comparison are Banc de Binary and Opteck. Both companies are located in Cyprus and are regulated by the Cyprus Securities and Exchange Commission (CySEC).
Opteck Platform vs Banc De Binary Platform
Banc de Binary has an external provider of technological platform for the execution of trades, whereas the other company develops its own in-house platform. Each platform has its own set of advanced technological features. For instance, as seen in Opteck Review 2016, this broker included a “Social Trading” feature, allowing users to watch the execution of trades. Banc de Binary offers a feature called “Pairs”, giving traders the opportunity to pit two assets against each other and forecast how they will perform. Both platforms provide a speedy, intuitive trading experience. However, in terms of functionality an in-house platform is preferred, since it is customized and adjusted to the requests of users. In an in-house platform, no third parties are involved, and users prefer a customized platform to serve their needs.
Opteck Trading Platform
Opteck vs Banc De Binary | Trade amount
Minimum deposit amount for the two companies is the same – 250 USD. Minimum trade amount at Banc de Binary is smaller: it is only 1 USD for all the available assets, while at the other broker the minimum trade amount is set at 25 USD. Maximum trade amount at Opteck is 5000 USD, while at Banc de Binary it is 8000 USD. Trading with 1 USD is not particularly beneficial, but bigger trading amounts open a wider range of opportunities for trades.
Winner: Banc de Binary
Opteck Withdrawal vs Banc De Binary Withdrawal
As emphasized in our Opteck Scam Test 2016, their withdrawal is processed within 3-4 working days, whereas withdrawal requests at Banc de Binary are processed within 5 working days. Withdrawal amount requests at the two companies are similar – minimum 50 dollars. However, at Opteck the client can withdraw the funds at any time, whereas at Ban de Binary he/she first needs to cover the initial bonus given at registration. This means that at Banc the Binary the client uses his bonus for trading and cannot withdraw his funds until the bonus is covered.
Opteck Withdrawal Procedure
Opteck Education vs Banc De Binary Education
Both companies offer a wider range of opportunities for education, which is particularly important for the inexperienced traders, who wish to acquire knowledge in the world of trading. Both companies offer free e-books, video courses, daily market analysis and articles covering many aspects of trading online. Banc de Binary has 10 educational videos available online. The other broker has 22 video tutorials available for registered users. In addition, it offers live webinars to help traders learn the ropes of binary options trading. Therefore this broker is ahead of Banc de Binary with respect to its education offerings.
Opteck vs Banc De Binary | Conclusion
This analysis offers a closer look at the relative strengths and weaknesses of the two companies. Both companies have their stronger and weaker points. However, when comparing the two companies, Opteck is the winner of this broker comparison, since it wins in 3 out of 4 issues important for every online trading investor.
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