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 hasĀ  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

11 Responses to Banc de Binary Review

  1. 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.

  2. 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.

  3. 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,,

  4. 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…

  5. 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.

  6. 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.

  7. El megadivo says:

    SCAM

  8. 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

  9. 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.

  10. Antares Leon says:

    Not Trusted Broker By BinaryOptionsThatSuck.com

  11. 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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