Banc De Binary is one of the oldest brokers around, founded in The website is owned and operated by Banc De Binary Ltd. However, due to the fact that Banc De Binary is about to close down shop read below more details , the company has renounced the CySEC licence, which lapses as from the 15th of January The renunciation occurred on the 9th of January We have to make a clear distinction between the two web domains of Banc de Binary: Sofia , Sofia District, Bulgaria.
The trading address of Ash Ltd is situated at UL. Box , VC- Kingstown, St. Outside the European Union, Ash Ltd. Their services are not available to citizens of the U. The other domain name is eu. All the details from above are still valid licence number, address, etc. High-ranking BDB official confirms that new clients no longer accepted. CySEC announced that Banc De Binary renounces licence but they will maintain oversight until client issues are resolved.
From one hand, BBinary. Most complaints focus on two things: Depends on who you ask. The bad winds from the USA authorities are now past. The only issue is that we see those complaints on a much higher scale when it comes to Banc de Binary. Do your math here. However, this broker operates at full-power since , so they must be doing something right after all. Banc De Binary themselves admitted they have a bad reputation and in fact, bad reputation and complaints are the reason why they are closing down.
Furthermore, there is a rumour that London-based law firm Giambrone is gathering information and required documents for a class action lawsuit or other type of appropriate legal action. Banc de Binary official reports that the broker will soon shut down operation. EU clients are no longer accepted. They offer a Demo account.
Well, here it is: The period will be at the discretion of your account manager. Maybe a week, maybe a day… depends on your account manager. Well the first question comes to my mind is: Can you even trade with BdB anymore?
Fortunately the annoying pop-up is now gone. Probably I was not the only one complaining about it. Ok, moving on, I took a look at their platform which is powered by Spot Option and this makes it easy to use and with enough features to keep both newbies and experienced traders happy.
Banc De Binary offers differentiated accounts; in other words, the more you deposit the more benefits you will have. Also, if you need guest list access or tickets to a sold out event, you can ask them for help. So to me, Banc De Binary is a company focused on the big rollers and the benefits they offer to regular traders are not really outstanding.
To conclude, if you are a high roller who can invest tens or hundreds of thousands of dollars in Binary Options, maybe Banc De Binary is a good choice for you. Otherwise, I would look for a different broker, more suited to your needs and financial situation. The VIP account is no longer available but somehow I still believe they will offer you the benefits mentioned earlier for the VIP account if you deposit a large sum.
The benefits of this Lion account are not described on the website and obviously we did not deposit this sum. When we searched for bbinary, the search was simple. When we search for comments regarding, banc de binary we found quite a few of them.
What we can tell you is to protect your money, and make a wise decision when choosing a broker. This brokerage continues to get mixed reviews from their traders.
Come to think of it, this is the case with all brokerages but the fact that people talk about them means their client base is still high. In an industry-shaking move, Banc De Binary announced they will be closing their doors and will stop accepting new clients! The news was confirmed by a high-level Banc De Binary official who also informed that the decision was taken by the company owners due to increasing complaints and negative press received by the company over the last years.
CySEC confirmed that Banc De Binary will be closing down and renouncing their licence but stated that the company will remain under the supervision of the CySEC until it settles the obligations arising from the current licence that will expire on the 15th of January The official noted for FinanceMagnates.
According to Finance Magnates, London based law firm Giambrone is preparing litigation against Banc De Binary and is gathering complaints from customers. They have changed their bonus structure in a way that now it is completely at the discretion of the Account Executive. Probably the Account Executive will decide that too… Anyway, as you know, our opinion is that a big bonus creates more problems than benefits. The main problem is of course the fact that you cannot withdraw until the required turnover is accomplished and the higher the bonus, the higher the trading volume needed until you can withdraw.
There are no fees charged by Banc De Binary but your bank or payment-processing service may charge you according to their policy. They offer a Free ZuluTrade feature. This is a well-known social trading platform where you can follow the most successful traders according to their ZuluRank and profit or lose when they do. Their website is offered in 10 languages, the Spot Option 2. However, I have to note that their website is very slow and especially if I open two or three separate pages, things start to get really sluggish.
Their basket of trading assets is composed of 97 stocks, 25 currency pairs, 8 commodities and 23 indices. Their asset index has been increased since out last visit, especially their stocks offering. All the normal expiry times are available, including 60 seconds trading, One Touch and an Option Builder which lets you choose your own expiry. Here you pit stock vs. Their customer support agents are pretty polite but there is room for improvement, especially on the speed of response. Payments coming from Banc De Binary to you will be made to the same source the money first came from if you deposited via Credit Card, you will have to withdraw to the same Card.
The bonus structure has been changed: The required turnover before a withdrawal can be made is not specified on the website so we can only assume that it will be decided by your Account Executive. The trader can choose not to accept any bonus. Their educational material is more complex than on other websites and they offer a connection to ZuluTrade, which is a well-known social trading platform.
Their SpotOption platform now offers candlestick charts and the possibility to change time frames. Banc De Binary Bonus: Check our Trusted Brokers. Banc De Binary Platform: Binary Options That Suck. Please be noted that all information provided by Binary Options that Suck are based on our experience and do not mean to offend or accuse any broker with illegal matters.
The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person.More...