Banc De Binary was founded in 2009 and has over 250,000 clients spread across 30 countries. As one of the world’s leading binary options brokers offering a portfolio of over 200 tradable assets, CySEC registered Banc De Binary has a built a solid reputation for offering its clients an unbeatable trading experience backed by the very best in customer service.
Banc De Binary offers numerous withdrawal options for traders and to protect its clients funds, it has implemented a series of security measures to ensure that all their financial information remains private. Its compliance team ensures that all deposits and withdrawals are conducted in an efficient and professional manner and that only the rightful owner of the trading account can withdraw.
A straightforward withdrawal process is one of the key features of Banc De Binary’s customer service, giving clients the benefit of a smooth and fast experience with one of the most trusted brokers in the industry.
Banc De Binary Withdrawal Steps
Clients’ withdrawal requirements are efficiently dealt with at Banc De Binary and can be actioned by accessing their account via the ‘My Account’ tab on the toolbar at the top of the page on their website, then selecting ‘Withdrawal Requests’ from the drop-down menu. The withdrawal amount should then be entered and the rest of the electronic form completed as required. Clients should then click the ‘Submit’ button and they will then be notified via email once the processing of their withdrawal request is complete.
All requests are subject to a client’s account being verified using Banc De Binary’s stringent process of identification. The documents required for account verification are a colour copy of a valid government issued photo I.D., front and back e.g. identification card, driver’s license or passport, together with a colour copy of a utility bill no more than three months old, in the client’s name showing an address matching the address on the photo I.D. e.g. water, electric, phone bill or bank statement. Those who are unable to provide a valid copy of a utility bill are required to send a notarised document stating their name and current address, no more than three months old.
Clients will receive their funds via the same method chosen for the original deposit including credit/debit card, wire transfer or e-wallet as illustrated below.
Banc De Binary Withdrawal Methods
Banc De Binary offers its clients a variety of withdrawal methods at any time which are processed by its compliance department in a timely manner.
Payment methods include a choice of credit cards including Visa, Mastercard and Maestro, bank wire transfer and e-wallets including Skrill.
Withdrawals made by credit or debit card are processed within 7 working days and take an average of 2-3 working days to reach a client’s card or bank. Bank wire transfer withdrawals are usually processed within 7 working days and take an average of 5 working days to reach a client’s account. e-wallet transactions are also processed within 7 working days, reaching a client’s account within 60 minutes of the transfer being effected.
In all cases, Banc De Binary will accept withdrawal requests of a minimum of €50 per transaction. Banc De Binary does not charge its clients to withdraw funds from their account.
Banc De Binary Bonus Withdrawal
Banc De Binary regularly rewards its clients with a variety of bonuses for choosing to trade with them. Clients are not obliged to accept a bonus but those who do should be aware of the company’s terms & conditions relating to bonus withdrawals. In this case, Banc De Binary stipulates that every bonus requires a trading turnover before a withdrawal is allowed. Unless stated otherwise in writing by the company, a precondition for making withdrawals after using the bonus/benefit is that a client trades 20 times the amount of the bonus/benefit plus the deposit amount before being permitted to make a withdrawal request, i.e. Total Deposit + Total Bonus x 20 = required turnover for withdrawal.
Banc De Binary Withdrawal Summary
In terms of withdrawal, Banc De Binary is, in our opinion, one of the most trusted of brokers. Backed by an efficient customer service team which is available via phone, email and live chat, clients can be assured that their needs are always taken care of and their withdrawal requirements efficiently dealt with and processed. With a variety of payment methods and an easy, step-by-step withdrawal procedure, Banc De Binary has made withdrawing funds a swift and hassle-free process.
Banc De Binary has experienced some issues regarding withdrawals being on the slow side to process, some for which complaints have been submitted. More recently, Banc De Binary has improved in this area after speeding up its withdrawal times which has seen a drop in the number in clients adopting a complaints procedure.
Overall, our research into Banc De Binary’s withdrawal process is a positive one with withdrawals being simple, efficient and in accordance with the terms and conditions stated clearly on their website. Banc De Binary is an entirely legitimate broker, licensed by CySEC which also provides clients with an important layer of protection for their funds.
We always recommend that clients read each broker’s terms and conditions and in the event of a complaint, to get in contact our Broker Complaints Service which provides assistance in resolving any outstanding withdrawal issues.