We do not recommend this broker! Check out other binary options brokers!
In this BancoCapital broker review we will analyze a variety of available binary options, platform characteristics, terms of security and education materials. Banco Capital is popular binary brokerage company with more than 180 tradeable assets.
Banco Capital Special Features
Banco Capital uses a web based platform and traders don’t need to download any additional software on their devices. Traders need to be connected to internet if they want to run manual trading. While we have been seeking for trading accounts offered by this broker, we have found out that Banco Capital offers only basic account. Traders can register for free and Banco Capital will not charge them with any deposit fees. Banco Capital belongs to binary average industry when we talk about minimum deposit, which is $250.
Banco Capital has only one basic account. On Banaco Capital homepage you will be asked to fill in your name, last name, email, your phone and country you are registering from. After you fill in all information, click on Open Account button and move forward with registration process.
Banco Capital will process your registration shortly and you will become their new member after you choose trading currency and accept their terms and conditions that you should read carefully. Traders can choose between USD, EUR and JPY currencies, and chosen currency will be their default currency when depositing, withdrawing and trading. Once you have chosen the currency, you can not change it later. This is common for all binary brokers, since they are avoiding exchange rates manipulations.
After registration is finished, traders will get a confirmation link and further information about their account. After completing the registration, traders are usually offered with various promotions and bonuses they can use after making their first deposit. In order to withdraw any of special promotions, Banco Capital requires at least 30x turnovers. Read bonus policy and make sure to understand it before accepting the bonus.
Banco Capital Trading Software
Banco Capital is one of the many brokers that are using popular SpotOption platform. Banco Capital welcomes web based platform which is available for every device, without need of any downloads. Platform offers a detailed list of tradeable assets along with their description, which will especially help new traders. Trading platform also offers traders to choose expiry times they can trade. Banco Capital’s website is synchronized with the market time and it is set at GMT+0.
Banco Capital offers variety of binary options, starting from: classic High/Low, 60 seconds, Ladder, Long Term, One Touch and popular Pairs. Spotfollow feature is also available, which gives you opportunity to follow trading of the hottest and strongest Banco Capital traders. This new and innovative trading tool brings the social networks into binary options and creates social environment. Spotfollow puts the most successful traders on the top of the list, which gives other traders opportunity to replicate their trading strategies. Banco Capital offers many expiration times: 60 seconds, 90 seconds, 120 seconds, 15 minutes, End of Week.
Currently, Banco Capital doesn’t have a mobile application, but since they have a web based platform, traders can still login from their mobile phones and tablets. According to informations from their website, traders can expect mobile feature soon. Until then, they can use website which is very simple to navigate from.
Banco Capital Support Information
Banco Capital offers three available languages: English, Russian and Japanese. Language can be selected in the top right corner of their homepage. Traders are welcomed with 24/7 customer support. Customer support can be found on personal accounts, under Contact Us button, where they can write their messages directly to support agents. Traders who don’t have time for live chats can contact Banco Capital directly to their mail: [email protected] or by phone. Telephone lines are available in Switzerland and Estonia only. Company is placed in Estonia, Roosikrantsi tn 2-K298, Tallinn, Harju maakond, 10119.
Banco Capital created education library with a lot of videos, ebooks and courses. Some educational materials are available to traders only when they are logged in on their accounts. Education materials will help you reach more experience and they update you with latest trends and news in binary markets. FAQ library will also help you get most important answers about platform, depositing and trading features.
Banco Capital Banking and Company Information
During our Banco Capital review, we have found out they are under ownership of two companies. One company is IVA Markets OU that is located in Estonia, and second is IVA Progress LTD Banco Capital from Switzerland.
As we have already mentioned, minimum deposit is $250, and traders can invest their money with credit or debit cards or a bank wire. We have noticed that depositing from E-Wallets is still not possible. Maximum deposit is $5.000 if you are depositing with your card, and $10.000 through Western Union and it is unlimited if you are transferring from bank wire.
Before making your first withdrawal request, traders need to verify their account, by providing proof of identity and proof of residence. Banco Capital guarantees their client’s financial and personal data by using different security methods that are in line with international financial standards. It is interesting to mention there is no minimum withdrawal amount. Traders are able to make cancellation of their withdrawal requests even when they are processed. Withdrawal cancellations can be made by phone or email. All requests are being processed within 3 business days, and it takes additional four days for transaction to be visible on your account. Withdrawal requests are free of charge from Banco Capital’s side, but there is always a possibility for additional charges from your bank.