One of the most respectable brokers, Banc De Binary, recently announced a great addition to their portfolio. Novice Trader is a new system developed especially for beginners. It is supposed to enable newbies trading without allowing them involvement in very risky trades.
Trades Limited to $10
Thanks to Novice Trader, Banc De Binary beginners will be able not only to develop their skills gradually but also to trade in the much safer environment. The new system will be able to scan all traders who are online, and identify beginners or traders with less experience. Then, all their trades will be limited to $10 maximum investment.
That is not the only good news, as new traders will also have access to Novice Account Manager. The role of Novice Account Manager is to lead traders through the first steps. Traders will also get access to webinars, e-book, demo account, and educational training. The demo account will be unlimited, which means that traders can practice as long as they need. This will definitely improve their trading abilities later.
Novice Trader system will really help them to take one step at the time when developing their trading portfolio. Even though some might think that this limit of $10 per trade is not enough, it is important to mention that Novice Trader doesn’t last forever, and traders will sooner or later be given the opportunity to invest as much as they like.
Novice Trader passed beta phase with A grades and is now an essential part of Banc De Binary trading platform. The traders are identified thanks to the KYC process during which traders are required to provide some answers about their trading experience. Thanks to KYC, Banc De Binary is able to estimate whether or not the customer is suitable for binary options trading, and if they need to be involved with Novice Trader system.
New Approach Towards Beginners
Tracey Ludlam, Head of Account Opening explained how this straightforward approach is something that has never been seen before in binary industry:
“Our new system will help trader prevent losses that often happen as a result of inexperience in financial trading. Soon, they will have more knowledge that will help them in trading successfully without any limitations.”
This is the first time that binary broker offers something like this. It will surely help traders to get a better insight into what binary options trading really is, with limiting the risk to the bare minimum. $10 trades are perfect to start with. This amount will prevent traders who expect easy money from investing the entire deposit at once, which is rarely profitable.
Novice Trader can also be seen as a pioneer system of servicing beginner clients that could become obligatory. Customer rights are becoming more and more important in binary options industry and it wouldn’t be a surprise if soon all brokers had to have a similar system. Novice Trader is beaming traders in the right direction from the very start which means there are high chances they will come very profitable when they start trading on their own.
Inexperienced and beginner traders are especially vulnerable as they often have high expectations but lack proper knowledge in binary options trading. Beginners often have a tendency to approach binary trading easily and not understand the risks or procedure of trades execution.
Banc De Binary Sponsors Paralympics Team
As a socially conscious company, Banc De Binary never failed in their attempts to provide support to people who need it. This year popular broker is sponsoring the Cyprus Paralympic Powerlifting Team. The sponsorship is signed for season 2016/2017, and luckily will help them be part of the Paralympics games in Tokyo 2020.
The team consists of 4 members, who are training under Panicos Panaretou. Powerlifting is very popular in Cyprus and they are counting on their team in the future. Omer Hen, chief of operations for Banc De Binary expressed great satisfaction with this cooperation:
“Banc de Binary’s continued dedication to helping the Cyprus community demonstrates our commitment to the island. We wish the team well in forthcoming competitions and events.”
Banc De Binary is one of the most trustworthy brokers in the entire binary industry. They are known to be regulated by numerous regulatory bodies including CySEC and AMF. Banc De Binary offers a variety of benefits for their traders, including a great set of assets, various binary options types, and great customer support.