Binary options trading offers investors an opportunity to execute trades on a wide range of assets by using relatively low capital. If you are looking to become a successful trader in today’s complex financial markets, you’ll need a host of advanced tools that to help you execute winning trades. The simple, common techniques that are found in some broker sites and trading platforms won’t be enough and you will need to adopt a different approach if you mean to become successful. Binary options investors employ software robots to predict the performance of the underlying assets within a given time frame, and these robots also help to predict movement of various assets.
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When deployed in the right way, such software systems are bound to improve results dramatically while making more money for the trader. There are many large corporations which employ powerful computerized systems with inbuilt algorithms but the average trader relies on simple trading platforms like Banco Capital. To determine whether this trading platform is as impressive as its developer’s claims, we will examine the veracity of those claims in this review so as to give you our opinion if this broker can be trusted or its developers are simply out to defraud innocent traders. As a trader, you must be well informed about the binary options robots you intend to sign up with in order not to fall into a trap.
Introduction to Banco Capital
According to the trading platform’s developers, Banco Capital was among the very first brokers to offer binary options trading services since its establishment in 2008. A look up of their domain though suggests that this broker was only launched in 2015 and the owners are using a masking service to hide their real identity. Another reason that has been advanced for this discrepancy is that this broker had been contracted to offer their services by the developers of the Spot Options trading platform and only started to use their own platform in 2015. It’s by migrating to a new platform that the broker is now able to offer traders a more comprehensive system which allows investors to trade.
Located in the nation of Estonia, the firm is owned and operated by a company known as IVA Progress Ltd and they offer various binary options trading services on global level. It is regulated by two regulatory authorities: Estonia’s MTR which allows it to operate within the EU market, and Russia’s FMRRC which allows it to trade within the Russian Federation. It offers traders a trading platform that includes Forex and CFD trading, and traders also have access to over 180 assets available to trade.
It seems this broker still uses the Spot Option trading platform but remains unclear about how its own trading platform comes into play thus it’s a tad confusing. Besides offering trading signals in indices, stocks and commodities, traders also have access to some unique currency pair assets that are seldom found with other brokers in the market, some of which include the South African Rand, Turkish Lira, Singapore Dollar and Russian Rubble.
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.
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.
Banco Capital brokers has three available languages for their customer support service; English, Japanese and Russian. Users may select their language of choice at the top right corner of the website. Users have access to 24/7 customer care support which is located in each user account just under the “Contact Us” tab. Here, users can message support agents directly on Live Chat. Users may also contact support agents via email [email@example.com] or through phone, with phone lines available in Estonia and Switzerland only.
When it comes to bonus payouts, the terms are a little vague or absent altogether so it’s important that traders seek to first understand the terms and conditions before accepting any bonuses. Essentially, a trader will have to place trades whose volume is 30 times the amount of the bonus before they can be allowed to make a withdrawal. Most traders will usually decline such a bonus owing to the terms that come with it.
Banco Capital brokers has a range of binary options types that include Long Term, One Touch the classic High/Low, Ladder and currency Pairs. The Spot follow feature allows traders to follow the trades placed by the strongest traders. This new, innovative trading facility also introduces the social networks into trading binary options while creating a social environment that is bound to increases white labels. The Spot follow facility is especially good for novice traders since it allows them the opportunity of trading in a safer environment while earning them maximum profits. There are various expiry times offered on tradable assets and they range from 60 seconds to 90 seconds to 120 seconds to 15 minutes and up to the end of Week. All these options have a potential payout of up to 85%.
Banco Capital broker offers traders only one account type which is the Basic Account. This definitely limits traders from experiencing the many advantages that comes with different account types. There is little information on this broker’s home page regarding bonuses or promotions but since the account type is only one, it’s doubtful the terms are that impressive. Our recommendation to traders is to always choose a broker who is not only approved but reliable as well. And a wider spread of trading accounts wouldn’t be too bad either.
Banco Capital is big on promises, saying they aim to offer traders a safe, convenient and all around trading experience through pricing and execution modules which ensure clients have access to the updated as well as advanced technologies. Through partnership with Reuters which provides their market feeds, they are able to relay live, accurate data streams to traders. They also provide expiry graphs at any given moment in order to ensure investor confidence and a guarantee of profit payouts based on their terms which they have neglected to state outright.
This broker also claims its management team consists of experts in derivatives and risk management in addition to professional Forex brokers who can cover every aspect of trading so traders can have the best trader experience. They also neglect to inform traders on their bonus terms, all of which combined points to a dubious serving. The 85% payout is a hard sell as well considering they do very little to avail conclusive information that shows how investors stand to make that much out of their investments. The information available on the web is quite spacey, and the fact that Banco Capital uses a masking service to hide their true identity only points to one fact; their promises cannot be ascertained.
It’s clear to see that relying on Banco Capital to execute binary options trades would be an exercise in futility. Although the site’s developers tout it as the next best thing since the invention of the wheel, this platform won’t make you profits or even predict trading results. Internet fraudsters have lately been crawling out of web traffic especially where the binary options industry is concerned, with many of them claiming they can make anyone rich within a few months. It’s therefore crucial for traders to perform due diligence on any system they’re looking to register with so as to avoid getting scammed. When searching for genuine automated trading systems, binary options traders are advised to register with the Binary Options Robot. This automated robot is by far, among the most reliable and safe trading robots there is in the market.
With Binary Options Robot, traders can rest assured that they won’t be sold fake marketing pitches or promised unattainable profits, and there won’t be sneaky dealings either so their gains are always guaranteed. This Binary Options Robot also improves the trading experience through giving traders access to reliable and genuine brokers whose sole purpose is to maximize your turnover. The simple fact is that investors who utilize the Binary Options Robot will find it to be considerably easier to execute their trades in this fast-growing industry. With the Binary Options Robot, you are sure and happy in the knowledge that you’re well on your way to earning genuine profits.
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Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.
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