Banco Capital Review
We are going to examine a rather new binary options broker that has been working in the financial markets for some time.
I will tell you about the binary options broker Banco Capital. You will learn their history, and I will also delve somewhat into Banco Capital’s terms and conditions. I will explain if this broker offers a demo account and mobile trading, and most importantly, I will tell you if I think Banco Capital is a scam.Visit Website
- Licensed and regulated by both Russia and Estonia
- Offers unique currency pair assets not found at other brokers
- United States traders not accepted
- High minimum investment of $25
Deposit & Withdrawal Methods
- Company:IVA Markets
- Platform:Spot Option
- Minimum Deposit:$250
- Minimum Withdrawal:
- Minimum Trade:$25
- Demo Credits:
- High/Low, Pairs, One Touch, Ladder, Forex
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
About Banco Capital
Banco Capital is owned by IVA Markets who are located in Estonia. This binary options broker now uses the Spot Option trading platform, and offers signals in stocks, indices, currency pairs and commodities. Within their currency pair assets, we discover that Banco Capital offers some unique pairs very seldom found with other brokers.
Another great part about Banco Capital is the fact that they are licensed and regulated by the financial authority of Estonia which is part of the European market, as well as being regulated by the Russian FMRCC.
Banco Capital History
It seems that Banco Capital just started operations in 2015, but the fact is, they have been in operation since 2008. They are actually one of the veterans of binary options trading.
The reason they seem so new is because they contracted with the developers of the Spot Options trading platform, and began to use it in 2015. By doing so, Banco Capital was able to offer a more comprehensive trading system allowing investors the ability to trade short or long term, ladder, one touch and more.
Banco Capital Terms and Conditions
As always, I highly recommend that you completely examine the terms and conditions of any bonary options broker before creating an account. I took a peek at the Banco Capital terms and conditions. This is a slight bit of what is in their terms:
- You must be 18 or older to use the Banco Capital services
- Banco Capital reserves the right to refuse service to anyone for any reason
- It is your responsibility to know the binary options trading regulations of your country and abide by them
- You use the website at your own risk
This is just a brief look at the Banco Capital terms and conditions. Be sure and read them in their entirety before creating an account.
Banco Capital Withdrawal and Bonus Terms
As with all binary options brokers that follow AML procedures, investors must send in compliance documents before they can withdraw. It is recommended that you send these in immediately after creating an account so withdrawals can move quickly.
Compliance documents will include a copy of your photo identification, a bank statement or utility bill showing your name and address and a copy of the credit card used to deposit.
Withdrawals from Banco Capital have no fee if it is done via credit card, but if through bank wire, there is a $25 fee. Banco Capital will process the withdrawal request within 3 business days, but it could take up to 7 days for the funds to reach your account.
The terms for bonuses received from Banco Capital mean that an investor must trade a volume equal to, or above 30 times the bonus amount before he/she can withdraw that bonus and any profits won while the bonus was active. So, if you receive a $100 bonus, you will have to trade $3,000 or more in volume before you can withdraw.
This is why many traders do not accept bonuses.
Banco Capital Demo Account
It is my understanding that those who have deposited money in Banco Capital can request the use of a demo account so they can get adapted to the trading system before risking their own money.
Banco Capital Mobile
Banco Capital does also offer a mobile trading application that investors can attain from the Apple App Store or the Google Playstore. This way, you can make trades on the go.
Banco Capital Scam Watch
I do not see any strong signs of Banco Capital being a scam. Being licensed and regulated is a strong sign they are a reputable binary options broker. I also believe they have a very professionally designed system and website.
I believe Banco Capital is a safe binary options broker, but I would also like to hear from any who have used their services. Feel free to post your comments about Banco Capital in the comments area below. Thank you.