Banc de Binary Review

Banc de Binary Review

Bbinary.com Binary Broker Review

Banc De Binary is one of the few binary options brokers with an office (albiet a satellite office in Wall Street, in NY, NY. They received FSA regulation January 2013 and gave up the US satellite office. This makes them one of the former favorite US binary options brokers. They are known for their excellent customer service and positive reputation in the binary options trading community. We searched for complaints and while we did find our fair share, there was always a resolution and bbinary has maintained a positive reputation.

  • Official Website: www.bbinary.com
  • Headquarters: Cyprus & New York City, NY (Satellite)
  • Phone Number: 800-656-6163
  • Email Address: sales@bbinary.com
  • USA Traders Allowed Jan 20th, 2013 – BDB stops accepting new US traders as they are now regulated by CYSEC and are working with the CFTC. (reached a 200,000 trader milestone in late August, 2012. Received CYSEC Regulation 1/2013, CFTC Sues Banc De Binary
  • Trading Platform Used: SpotOption

Is Banc de Binary a scam?

The short answer to that question is no. Banc De Binary is not a scam site. They are an industry leader and are leading the charge for out and out full regulation by CYSEC, the Cyprus Securities and Exchange commission. You can feel comfortable making deposits at Bbinary and know that the trades there are legit. We do warn you to be cautious of accepting a bonus offer. Accepting a bonus offer makings withdrawing your money quite challenging. You have to meet a series of terms and conditions in order to withdraw if you accept a bonus. If you refuse the bonus you can deposit and withdraw as you need.

Bonus Offer
50% To $5000

Banc de Binary Quick Guide
  • Mobile Apps For Iphone/Android
  • Competitive Returns
  • 60 Second Options
  • SpotOption Trading Platform

Bonus Offer
  • 50% Deposit Bonus
  • $500 Minimum Deposit
  • 81%+ Payouts
  • USA Friendly

However, the long answer with more explanations is that while Banc de Binary isn’t a scam in our minds they aren’t perfect either. (Not many binary options brokers are) There will never be a binary options broker that is 100% perfect without any flaws.

Private Options Banker, Banc De Binary Homepage Screenshot

Screenshot of BBinary.com Trading Interface – Easy & User Friendly

What do people think is a scam about Banc De Binary? What makes people think that they are not legit?

So we take a look at what some of the traders have been complaining about. A “minor” complaint in our eyes are the people griping that they can’t get their withdrawal done when they want to. Upon further explanations most admitted that they didn’t have the appropriate paperwork on file to start the process.

A more experienced trader offered up these tips which we agree with and feel that if you followed them you’d have success withdrawing as well.

Steps To Get Your Account Set Up With BBinary.com

The best way to not experience withdrawal issues with any broker is to do the following:

1) Register with the broker. Wait until you complete the steps below to deposit)
2) Send your government ID, electricity bill, and credit card info (Blocking first 12digits and the 3 digit code in the end)
3) Request for a “Approved for Deposit & Withdrawal confirmation” from your account manager.
Ask her or him to email you with the above statement.
4) Deposit your amount after you receive your email confirmation
5) Withdraw without any problems in the future.

That being said we move onto the second complaint. Slightly more major in our minds yet a solution has to be out there. (I just haven’t found it yet.) Complaints of spreads being different. Some people offered up advise of taking a screenshot and presenting it to bbinary.com if you feel you’ve been cheated. Others suggested watching for spreads that are tolerable. It seems to happen frequently but if its a small spread it is easier to deal with.

Side note: A spread is the difference in price between your charts and the price they offer. Remember, when you are making the trade they offer you the trade at their terms and you can take it or not. It’s transparent even if there is a difference in price between your charts and their offer.

Cherry stepped in and gave a bit of insight on the spreads matter as well as her comments to the Banc de Binary Customer Service. You can read the full forum discussion here. It’s important to understand that these are seasoned traders sharing their long term opinion on where to trade.

Deposit Information

  • Minimum Deposit: $500
  • Deposit Methods: Credit Card, Electronic Payment, Wire Transfer
  • Credit Cards Accepted: Visa, Mastercard, Maestro, Amex, Diner’s Club International
  • Electronic Payments Accepted: MoneyBookers
  • Minimum of $1000USD for Wire Transfer

Bonus Information

Banc de Binary has  a 100% sign up bonus with a standard account. For the nitty gritty details you’ll want to head over to bbinary.com now.

Types of Options Information

  • Types of Options: High/Low
  • Expiry Times Available: 60 Seconds, Hourly
  • High/Low Payout Percentage: 72-90%

Assets Available to Trade

Commodities

  • Oil (Brent Crude)
  • Gold
  • Silver
  • Platinum
  • Sugar
  • Wheat
  • Corn Coffee

Currencies

  • AUD/USD
  • EUR/GBP
  • EUR/JPY
  • EUR/USD
  • GBP/USD
  • NZD/USD
  • USD/CAD
  • USD/CHF
  • USD/JPY
  • USD/SGD
  • USD/TRY
  • USD/ZAR

Stocks

  • Amazon
  • Apple
  • Barclays
  • BIDU
  • BNP Paribas
  • BP
  • British American T
  • Coca Cola
  • Danone SA
  • Fiat
  • France Telecom
  • Gazprom
  • Goldman Sachs
  • Google
  • HSBC Holdings
  • IBM
  • Leumi
  • Petrobras
  • S.Bank India
  • Sberbank
  • Tata Motors
  • Teva.ta
  • Total
  • Toyota
  • Unilever
  • Vivendi Sa
  • Deutche Telecom
  • Louis Vuitton
  • Publicis Groupe
  • Sab Miller
  • Tesco
  • Vodafone
  • UBS
  • Rio Tinto
  • Aig
  • Citi Group
  • Disney
  • JP Morgan Chase
  • Pfizer

Indices

  • ASX
  • Bombay SE
  • Bovespa-F
  • CAC
  • DAX
  • DOW
  • Dubai
  • FTSE 100
  • Hang Seng
  • Ibex
  • Micex10
  • Nasdaq
  • Nasdaq Futures
  • Nikkei 225
  • S&P 500
  • SSE180
  • Straits Times
  • Tadwul
  • Tel Aviv 25
  • Topix

*last updated Jan 11, 2013

Bonus Offer
50% To $5000

Banc de Binary Quick Guide
  • Mobile Apps For Iphone/Android
  • Competitive Returns
  • 60 Second Options
  • SpotOption Trading Platform

Bonus Offer
  • 50% Deposit Bonus
  • $500 Minimum Deposit
  • 81%+ Payouts
  • USA Friendly

16 Responses to Banc de Binary Review

  1. carolyn says:

    Hi I have now been trying to get hold of these guys they have taken my money twice. promised me the world and now I cant even get into my account. not a word from them promised me a safe trade to start and then took the money and nothing from them, cAN ANYONEHELPME TO GET HOLD OF THEM.

  2. James says:

    WARNING ….
    i applied to withdraw my funds and got a nice reply like this.

    This email has been sent to confirm that your withdrawal has been approved & processed. Please allow for 7-10 business days for the funds to be reflected in your account.
    The Payment Order ID is EB1407316525291 to the amount of $$$$$$, wired to your bank account.

    that was 40 days ago. i was getting a few excuses emails for a while. but for the last two weeks, they don’t even reply anymore…. SCAM SCAM SCAM

  3. mario h. says:

    i just whant to inform the peoples out there. don´t start with BANC DE BINARY!!! i feel so cheated. i lost all of my money just in wasting my time in about 1,5 months . i started with € 3000 to test BDB and i lost everything. the try to get you with a bonus which doubles your deposit to 6000, but if you want a payout you can´t because you have to reach x20 times which means 3000 deposit + 3000 bonus x 20 = 120.000 €. you´ll never reach it. you will never see your money again, just like me!! BIG SCAM, i am so pissed i can´t tell you. from all the signals they send you at the begining you win some and then they get everything back from you trust me. all!! You´ll never see your money again!!

  4. greg says:

    I DO NOT recommend BancdeBinary! I have lost thousands with them! The desk manager I traded with said he got his info from a more experienced ‘analyst’ (who normally only works with people who have a $50k portfolio). After one month, and a 46% success ratio, I lost about $7000! I was amazed at the size of the trades they were making for me – $500, $1000, one for $8000 but when I questioned them, they said ‘the analyst was very good and knows what he is doing’. They also did not tell me about these ‘Welcome Bonus’ (where they match my deposit) I could not withdraw any money until I rolled over $370,000 which means they keep my money. ALL BROKERS need to notify new traders of this condition!! (wish I had read this website first!)
    Also, their customer service sucks! Training videos didn’t open for me and when I sought help, I got no results. Stay away!!

  5. sean lynch says:

    they are truely a scam company i unwittingly signed up only the $250US and had a little play. i found the stock prices on their website did not match true market price. when placing bids the market price quickly jumped the opposite way that i was bidding. much of what i saw raised questions. i was quickly phoned multiple times by a “senior broker” by the name of sam sloan no doubt one of many names he goes by there, with promises of an early retirement things just seemed to good to be true and they always are. always late with returning calls and so quick to have me deposit $10,000US i quickly opted out. i have put in a withdraw request but am asked for some documentation for account verifying, im not really comfortable giving a proven scam company such sensative details as no doubt further thieft of my accounts will be on the cards at a later date. big STAY AWAY do not give your money away so easily you wont get it back.

  6. joery says:

    Sorry sir to bother you with this little issue but for me
    it do matter:

    joderoo1@skynet.be
    accountnmbr:

    I’ve created my account on 2014-04-08 12:06:59

    My regulation Status is aproved. Thus my account is as
    good to go.

    BUT

    I made my account throw the software of
    Big Cash Giveaway.So far so good.
    They promised me an bonus of 1000€ who i didn’t get yet,
    and I’ve asked on the live-support if it is possible that an
    accountmanager can call me.That i’m been asking from the first day on
    but NO-One didn’t call me yet.
    Are there any problems with my behave or what do I have to think about it.
    Is my money not good enough or what seems to be the problem.
    The live support is very good.BUT it seems that a SIMPLE accountmanager can decide
    if you are good enough for him to call you or to help you or to give you the promised bonus or to let you trade anyway!!
    How is this possible.I’ve sended many emails to complaints@bbinary.com but had no response till now.
    It’s now 2014-04-14 13:15 and nothing is resolved yet.What kind of Service is this.

  7. Anonymous says:

    Do not trade with them.Banc De Binary is the biggest scam on the planet.They were sued in the US so they had to pay millions(apprx. 10million) as fines so they rip off their clients to pay their debts, the company will go into bankruptcy, they use fraud tactics to lure people into depositing money, I have lost over 100k with them, even after being a “VIP” customer they do not reply to mails or calls, they have the most pathetic support ever, once they get a deposit from you you will never get your money back, if you have taken a bonus from them you will not get the money back in this lifetime, the bonus terms and conditions are designed in such a way.It is a scam.Do not get fooled by regulation, it is not going to help you.There are reputed brokers like Alpari and IG who have started providing binary options, you will have no problems with them.The so called “brokers” are nothing but salesmen who only care about a deposit, the signals they provide are nothing but guesswork, lots and lots of issues on the platform especially the VIP one.Stay away from Banc De Binary.

  8. essaadi yassine says:

    hello banc de binary is big SCAM andthieves too, i suggest anyone to go away from it , i had bad experience with them,,

  9. James says:

    Obviously to anyone with a brain Banc De Binary is 100% total scam.

    Do NOT do business with them. You will lose your money.

    Their options misrepresent the market. When markets rise their option strike prices (ie, the starting point) is already 20% or 30% or more higher than true market. Vice versa, in falling markets they sell customers options already 20% or 30% or more lower than true market.

    There’s a reason Scam De Binary hide away in Cyprus…

  10. Kamal Masri says:

    i have a good story with BDB, I deposited 5000 Dollar in my BDB account and my Senior Broker, Mohamad Attar supports me and gives me the best daily signals (80% win/lose ratio.

  11. Kamal Masri says:

    i have a good story with BDB, i deposited 5000 Dollar in my account. My Senior Broker, Mohamad Attar, supports me and gives me the best signals in the industry.
    in my views, the most important for any investor is to have some one knows the markets.

  12. El megadivo says:

    SCAM

  13. William Larrance II says:

    Banc De Binary gave me a positive experience when compared to most other online brokers. I have spent well over 60K on several binary options platforms, and have found that Banc De Binary was the fastest with their support team, nice folks there. Their brokers, many i worked with had a sufficient market knowledge to reaffirm my belief that I was dealing with a serious company. Once I requested the withdraw they asked for several documents, which is mostly standard. After submitting them it took 3 days to approve and send out the withdraw. I received it back to my payment method in less then a week so I was satisfied for the most part, where other Options companies took 2 to 5 weeks to receive! Overall their platform is stable on my experience, the rates are different then MT4 and MT5, but that is because they use the Reuters Eikon III, once you find a data chart feed that runs it as well, there are many, you will be able to trade on the dime with them. Recommended overall: 8.5/10

  14. Lee Crabtree says:

    I attempted to open an account at BBBinary, I was told by them that they do not accept US customers. I was very disappointed, I like the platform and choices they have.

  15. Antares Leon says:

    Not Trusted Broker By BinaryOptionsThatSuck.com

  16. Caffeine says:

    Bbinary is one of my favorite places to trade. They give a huge demo account once you make the minimum deposit to practice with. Good competitive returns, too.

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