Binckbank CFD Broker Review 72

Advertised as an “online bank for investors and savers”, Binckbank is certainly not your typical online brokerage. It is a well-regulated and well-established online bank, which peddles an interesting palette of services in several European countries.


The corporate entity behind the brand (the products are being offered under the Binck and Alex brands) is BinckBank N.V. The company is listed on Euronext Amsterdam, as well as in the Amsterdam Smallcap Index. As already mentioned, the services offered by the operation, cover a wide range of needs. Trading and Investing is just the top of the iceberg in this regard.

The Savings-oriented branch of the operation is Binck Sparen. Through this service, users are given access to a wide range of savings-focused products, all of them covered by the European Deposit Guarantee Scheme.

BinckBank N.V. is regulated and licensed by the Netherlands’ AFM. The company headquarters are located in the Netherlands as well, at Barbara Strozzilaan 310, 1083rd HN Amsterdam, to be more precise. The Dutch National Bank oversees the operations of the company too, acting as a regulator.

BinckBank is currently available in some 5 European countries. Within these, it acts as a market-leader in the Netherlands and Belgium and it is the third biggest operation of its kind in France – which (given the size of the country/market)  – is quite an achievement indeed. In addition to the three countries already mentioned above, BinckBank maintains offices in Italy and in Spain too.

The executive board of the operation is comprised of CEO Vincent Germyns, CFO Evert Kooistra, and COO Steven Clausing. BinckBank serves retail clients as well as institutional investors, however, it does not accept any traffic from the US.

It is, in fact, safe to say that the brokerage is very much Dutch-focused. According to user feedback, those who do not speak proper Dutch will find it almost impossible to open an account with it.

The operator is very open to providing information of every aspect of its corporate existence. In fact, pretty much everything in this regard is already available publicly on its website.

Account Types

Accounts-wise, BinckBank have decided to keep things as simple as possible. For regular clients, there is just one account type: the Binck one. Alex Asset Management accounts are available to those who seek that type of service.

It has to be noted that the minimum deposit required to join BinckBank is $250 and there is no sign-up bonus being offered.

Stop-losses can only be used on the Binck Turbochargers trades, which offer a 100% return. Binck TurboXL, on the other hand, offers a payout of 200%. Traders cannot use stop-losses with this trade type though.

Trading Platform/Software

BinckBank works with a very basic trading platform, which means that those used to automated trading, scalping, hedging, mobile alerts, trailing stops and other perks of this kind, won’t really find it attractive.

While the company has indeed put out mobile apps too, these seem to suffer from the same shortcomings as the main platform. Some users have complained about crashing and about the overall simplicity of the software or even plainness if you wish, which looks like it has quite a bit of evolving to do. Some people seem to love it nonetheless though.

Deposit Options

The deposit methods supported by BinckBank are a fairly run-of-the-mill lot. Bank Wires as well as the major Credit- and Debit cards are accepted, together with a selection of eWallet solutions. 

It has to be noted though that the two branches of the operation, BinckBank and Alex Fund Management, feature different requirements in this regard.


While the tradable asset-selection offered by BinckBank is decent, and it covers most major markets, the focus seems to be on stocks and indices. Of these AEX, DAX and Dow Jones are the most prominent, joined by Aegon, ING, Philips, Twitter and a number of other tech companies, in the stocks department.

The tradable asset selection covers currencies and commodities too, in addition to the above-said indices and stocks.

Customer Support

Customer support-wise, the brokerage is indeed in a very good shape. For each of the countries where it maintains offices, several phone numbers and email addresses are provided. For the Netherlands, separate phone numbers are provided for those calling from within the country and those calling from abroad. With that in mind, complaints regarding Dutch-speaking support hardly make much sense, but they are there nonetheless.


By every measure, BinckBank (and its sibling-brand: Alex) are extremely safe destinations. One has to keep in mind though that trading is still an inherently risky activity in general.

Final Thoughts

BinckBank is not a regular online brokerage, in the sense that its services extend above and beyond the normal scope of such an operation. It is well regulated and safe. Definitely an option to consider.


  • Safe and well-regulated (licensed by the Netherland’s AFM)
  • Good market coverage
  • Savings-oriented products


  • No promotional offers
  • Inactivity fee
  • Deposit & withdrawal fees
  • Simplistic platform
  • Mostly fits for Dutch-speakers only
Binckbank Overview
Regulation: DNB, AFM
Assets offered: CFDs, ETFs, Forex, Indices, Shares, Commodities
Minimum Deposit: €200
Deposit Options