Trading with Banco Capital Software
The trading assets provided by Banco Capital include assets, indices, commodities and currencies among other unspecified ones. The broker offers traders various trading options which include the 60 seconds option, long term options, classic, high/low, one touch, ladder and currency pairs. Using a web-based software platform that requires no downloading, the simple trading interface is easy to understand as it also comes with clear explanations of usage. Banco Capital promises traders a stated clear risk vs. profit ratio for their trades and a cash back of 10% of their investment amounts returned even when executing trades on out-of-the-money options.
To trade here, a user is required to make a minimum deposit of $250 and there’s a maximum bonus amount that goes up to unlimited value that, again, is not stated. Traders may execute their positions in either Euros or US Dollars with a potential return of up to 85%. The minimum investment amount allowed is a low of $25 while the maximum investment allowed has been set at $1500. Users should note that once they have selected the transaction currency when signing up, it has to remain the same so as to ably make withdrawals.
Banco Capital mainly employs the Spot Option trading platform. This trading platform offers traders a user-friendly interface that has been designed to display information regarding current, past, and future trades. Being we-based, this platform allows investors access to their trading accounts via various types of devices. The platform comes with a “Spot Follow” facility which is designed to provide trades with the opportunity to follow/copy trades that are executed by successful traders so users can increase their earnings. Successful traders are ranked on a scoring board so other traders can copy their trading activities and execute similar trades. The trading platform is built to offer experience to traders since it hosts a simple overview of all trades placed. A mobile trading app for users on the go is also available. This mobile app operates on both iOS and Android devices and traders may access it at either the Google Play Store or the Apple App Store.
banco capital trading
Trading Tools and Resources
Because basic knowledge of financial markets will certainly help traders increase their earnings, Banco Capital provides traders with learning tools to train users on binary options strategies so they gain the needed trading skills. As such, they provide an education centre that hosts eBooks that have been developed to give traders the knowledge they need, in addition to a glossary and a comprehensive FAQ section where users can get the most important answers concerning trading features and platform. The eBooks can be downloaded and the courses on offer teach traders all the trading tricks in a simple, organized manner. There are also training videos that teach basic trading strategies, trading techniques, market prediction and trend analytics while at the same time, update users on the latest strategies and trends. These education resources have been designed to help traders get more experienced while being updated with latest news in the binary options markets. Some educational materials however, are only available to traders who are logged.
Deposits and Withdrawals
As with many other binary options brokers, traders are required to send compliance documents before making a withdrawal. These documents should be sent as soon as a trader has created an account if withdrawals are to be transacted and they include; utility bill or bank statement indicating user’s name as well as address, copy of user’s photo identification and a copy of the credit/debit card used to make the first deposit. Making withdrawals is free when done via credit card; but a bank wire transfer attracts a fee of $25. Withdrawal requests are processed in 3 business days though they might take up to 7 days for the money to reach a user’s bank account. The minimum deposit a trader can make here is set at $250 and it may be made via debit/credit cards or a bank wire transfer. The maximum investment amount allowed is set at $5,000. Banco Capital does not support other methods of financial transactions like Skrill and eWallets.