Published on April 26th, 2017 | by John Kane0
Broker Review: Option Banque
Today I’m looking at a new binary options broker some of the Binary Today readers have been utilizing lately, Option Banque. The trading platform is intuitive which is in line with their goal as a company to “do away with various complex and confusing means of investing capital and financial markets.” I’m always interested in binary options products and brokers that want to simplify the process and make trading accessible to everyone.
The brokerage is owned and operated by Capital Street BancClear Corporation Ltd, located at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent, and the Grenadines. You can get in touch with their support via phone, +44-203-80-8585-9 email, [email protected], or live chat on the web-site. See all the top rated binary options brokerages here.
Option Banque Review
The Option Banque platform is a lot like other brokers, but there are a few advantages they believe set them apart from the rest of the market.
- Low Latency Pricing
- Real Time Charts
- No Hidden Fees and Commissions
These features ensure that your trades are registered properly, and that nothing strange happens at the beginning, middle or end of your trading experience. The last thing you want to deal with in the binary options market is a brokerage that is using an accurate pricing data, causing you to lose trades when they should have won.
The Option Banque brokerage is in compliance with the international business companies act, and are regulated as part of the Capital Street Group. They are audited on a quarterly basis and have to adhere to all the rules and regulations to keep their platform clean and fair. Directly from the website they claim that “all relevant third parties have examined and approved the fairness of our operations, the character of our company’s directors and principals, our compliance with Anti Money Laundering Laws (AML), and our monetary capitalization, to ensure the safety of customers’ funds and public trust.”
There are currently 4 different types of accounts traders can register for based on their needs, and the size of deposit.
In order to qualify for the power account, traders can deposit between $200-$999. This provides access to a 20 to 30% bonus, live market news, tutorials, live support, trading guide, educational materials and standard withdrawal processing.
The prime account is very close to the power account, except it takes between $1000-$4999 to qualify. Traders receive access to everything they would receive in the power account, but also gain access to advanced trading guides, exclusive video and text tutorials, the Ob Bankwire App and some free webinars.
As I move onto the 3rd account, this is when we are getting involved in more of the heavy hitters. In order to qualify for this account traders need to deposit between $5000-$9999. With this account comes access to a 50 to 70% bonus, a basic account manager, 48 to 72 our withdrawals, all the free webinars and trading signals as well. I still don’t ever recommend utilizing an account manager in binary options trading. There have been too many negative experiences, and there’s nothing that guarantees that your account manager with any binary options brokerage is a talented trader with a proven track record.
The last account requires traders to deposit $10,000-$24,999 to qualify and provides a bonus of up to 100%. With the Privylege Option Banque account traders get access to an account manager, a consultant, a welcome gift as well as everything else from every other account type.
The first impressions of the Option Banque brokerage are positive. The emails I’ve received from Binary Today readers are impressive, and the other reviews I’ve frequented back that up. This isn’t the top recommended binary options broker at this point in time, because I haven’t spent enough time utilizing the platform myself.
If you are a client, or you are just interested, please feel free to leave your comments and questions about this brokerage now.
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