TradeRush vs Banc de Binary
TradeRush and Banc de Binary have many common features and are somehow similar to each other, although there are still some differences in the way they operate. In this review, we are going to compare both of them side by side, so that you could choose your favorite broker to trade.
The trading platforms that TradeRush and Banc de Binary operate from are both provided by SpotOption, which is a regulated platform provider of Cyprus Securities Exchange [CySEC].
Nevertheless, TradeRush proves to be the leading broker in this category via creating 60 second options in August, 2011. A few months ago it also launched the early close function, which enables traders to use stop loss and take profit strategies.
- Assets & Expiry Times
Once again this category is very close. Unlike most brokers, Banc de Binary offers some unique minor currency pairs like EUR/CAD, whereas TradeRush offers some unique stocks and commodities like Corn and Coffee! Overall, both of them offer you excellent lists of assets.
- Payout Rates
The payout rate is an important category, but this time it is no difference: it’s a draw, again.
The returns on EUR/USD offered by TradeRush are 81%, whereas Banc de Binary offer 75% returns on EUR/USD in their version of the TradeRush 60 second platform. The returns on Facebook offered by two brokers are the same (70%). It is hard to judge between the two, so in this category it is a tie.
- TradeRush vs Banc de Binary: Customer Service
Although these two binary options brokers have excellent customer service, they still have downfalls of their own. As a customer, you will receive great support from Banc de Binary as long as you have a live account and are actively trading with them; otherwise they may not even send your inquires. TradeRush, on the other hand, offers eager and polite support to all customer, regardless of having an account or not. Moreover, the TradeRush account managers have an excellent command in trading binary options, stocks and Forex.
- Deposits & Withdrawals
Another thing we should pay attention to is withdrawals. Sometimes you will find it extremely annoying not being able to deposit.
Both brokers allow depositing via Debit/Credit Card, Wire Transfer and MoneyBookers. TradeRush allows another less popular method: Liberty Reserve. This eWallet is popular in Africa but not very relevant here. As for Banc de Binary, it takes from 3 to 5 business days for all account to withdraw, which is generally faster than industry standard. Some basic documents are required by both binary options brokers for any withdrawals: a copy of your government issues ID, Proof of Address, copies of the front and back of your credit/debit card – the one used to fund your account.
However, in this category, TradeRush has the upper hand and probably wins this battle by offering something very unique: SAME DAY WITHDRAWALS!
After reading carefully our review for both of these brokers, you should now be able to make a better decision between Banc de Binary and TradeRush. For more information, read TradeRush review details as well as Banc de Binary review details.