Banc de Binary Review

 

Bbinary.com Binary Broker Review

Banc De Binary is one of the few binary options brokers with 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.bancdebinary.com
  • Headquarters: Cyprus
  • Phone Number: 800-656-6163
  • Email Address: sales@bancdebinary.com
  • 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
  • Above average returns
  • Customer support is excellent
  • High value traders call Banc De Binary their binary options home

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
  • 50k Demo Account

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 BancDeBinary.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 up to a 100% sign up bonus with a standard account. For the nitty gritty details you’ll want to head over to bancdebinary.com now as depending on the amount you plan to invest will determine the different maximum bonus offer they will give you. Be sure you understand the terms and conditions of acceptins a bonus before doing so.

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

*updated for 2015

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
  • 50k Demo Account

36 Responses to Banc de Binary Review

  1. BigDaddy says:

    **** Do not join whatever you do? You have been warned. ****
    It is scam. If you get so called their expert analyst assigned to your account. All they keep doing is harrasing to Deposit more money with a promise of bonus which will never come. 2nd the analyst’s are crap, they like to gamble with your money and have you setup long-term expiry setup with most of your balance. Yes, this correct. No money or risk managment at all. And you have guessed it by now. You are setup to lose all your money. Next comes their disclaimer “Not every trade is winable and you knew the risks going in it”. or ” people have lost far more then this” As if this is suppose to make you feel better. :)

    But it doesn’t end here…Next comes the holy grail of them all when your are pissed off and want to choke the living hell out of someone at BDB while kicking yourself at same time. They now have a recovery department that will help you recover all you lost funds. lol Recovery analyst will dedicated to you and you will get your bonus which you can’t withdraw anyways. So this Analyst will work with you to Recover your funds ONLY IF you deposit more funds. LOL What a fish hook, line and sinker??? Anyways stay away from them. Not worth it. If someone want more details please email me and I will be more than happy share more details.

     
    • Newbee says:

      Hows the bonus if you totally loss your account and you don’t want to deactivated your entire account. Do u still need to pay the loss bonuses?

      Thanks for the help..

       
  2. broke and busted says:

    I began trading on my own with $250. I lost some b4 I knew what I was doing. I placed 9 trades, won 7 and made $360 in 10 days. Not bad. Then received phone call from John Anthony. I was very happy doing small trades learning the ropes.Said he was employed by BDB to help me get into profit. Next day demanded I put more $ into my A/c. first BIG mistake. He made all sorts of promises, but worst thing, he NEVER listened to what I said, not interested in what I wanted…just was demanding I put in more $. I said he had to give me a GUARANTEE that IF I did, I had to be able to withdraw it by the end of the week (I had borrowed this money, am retired and have NO other money) This same situation occurred 2 more times…he used BLACKMAIL AND EXTORTION to get my money, tricking me into allowing them to taske funds from my credit card.
    I DEMANDED he provide a WRITTEN Guarantee that I could withdraw my money…h ekeeps saying I can, but I still have NOT got my guarantee.
    John Anthony is a LIAR, THEIF, EXTORTIONIST, HIGH PRESSURE SALES BASTARD…..I suspect I have lost ALL my life savings….I am on a pention and have NO idea how I will survive….BDB and JOHN Anthony could NOT give a SH…T about anyone except themselves and extorting money from everyone thay can….DO NOT GO ANYWHERE NEAR THEIR WEBSITE NOR THEM….

     
  3. Interpole says:

    here am another victim!!!! of Banc de Binary…lost $15k AUD
    people are absolutely bastards…i deposited $15k (i know – i am the dumbest, stupid thing I ever did in my entire life) and lost all money….
    if they promise you any guidance of making money don’t trust them…
    I am sure all the background sounds are setup, they keep shouting from time to time pretending they win stocks for other customers – I DON’T THINK SO – THEY WILL TALK ABOUT BIG FIGURES THIS IS WHERE I GOT TRAPPED AND I LEARNT A LESSON TO BE NEVER BE GREEDY
    ***********REMEMBER – QUICK MONEY EARNED WILL BE LOST LOST/SPENT QUICKLY********
    they always place opposite bets so that they can earn money and you loose….what ever credit they give you when you first deposit the money it’s all virtual money – they will let you tempt so that you can invest more money
    they will also add you on your skype to chat – this is a pure stunt to gain your believe
    this incident occurred on Feb 5th 2015 – hope this gives an idea about these bastards
    STAY AWAY FROM BANC DE BINARY

     
  4. rusty says:

    Do not use banc de binary
    i have accepted no bonuses and still cannot withdraw funds
    i have reported them to the cyprus securities and exchange commission and Australian federal police

     
  5. Jo says:

    Well I have read some bad reviews about getting your withdrawal out of Bank De Binary.
    Now for my two penneth.
    I can only speak as a I find. I put in my request through the website on the 29th January.
    I also sent an email saying I wanted my money returned to my bank account as I had cancelled my credit card.
    I got a response the next day by email asking for a letter of confirmation from my credit card company that the card was cancelled and my full bank details.
    Sent the bank letter on the 3rd and my funds were returned to my bank account 5th Feb.

    My view… very good service.

     
  6. Aussie says:

    Hi All,
    Stay away from Banc De Binary. I traded with them for 3 months and lost 60k.
    All they could say is don’t lose hope, we will make it back. My Brokers were Elliot Green and Jack White. All they wanted was more money so I could achieve VIP status. What a sucker I am on reflection, for dealing with this company. People, please do your diligence. Firstly, how do the brokers make money? they need your loses to pay the winners of the winning trades. Read or Google what the Forbes group say about binary options. Its gambling your money, the broker has full control on who wins and who’s loses trades. If everyone wins the firm goes broke, everyone loses they make a mint.
    Have used two brokers and experienced the same out come. Lost all my money.
    Know a person that there account went from 10k to 24k in one night. The next two trading nights with recommendations from BDB the account went down to 8k.
    Also the brokers send out NFP trading results, of trades from the previse months trades, back test them, as they do not match up to the events on the actual night. The reason I know is that one month of NFP was a total loss on all trades. Next month I received an mail stating hat they were all winners. This is when I started looking into BDB further.
    Also there awards are made up, check out the World Finance 100, they are not even listed. Also did there web seminar with the two different binary firms, guess what, they tell you its there senior analyst, but its the same person with two different names representing both companies. Asked my broker and he said, I don’t how who was doing it. Hello – email sent to register, said it was your senior analyst. No comment back. Surprise surprise!!! Not.
    BDB are scammers of your money. Again do your diligence! Please do not send them money. You will lose it all, or never be able to get it back.

     
    • Larsen says:

      Hi everybody,
      1. I would like to hear if any of the previous claims on this site have ever got there money back after you made a withdrawal request?
      2. Have any of you contacted the CySec? -that’s my next step.
      I am in the situation that BDB took money directly out from my personal bank account without my approval into my BDB account, and I don’t get any reply on my complaints. My account is blocked and I have no access to it anymore. they sent me emails with forms to sign to accept the money transactions they made, but I never signed it or claimed any trading bonuses. So it is a pure steel of my money.

       
    • Interpole says:

      Aussie, you are eabsolutely right!!!! about what they speak
      I still here their voice in my sleep – bastards
      don’t trust guys – stay away from them – they come up with new names….in fact, they added me on skype and used to chat every day (went for a week)
      i spoke to David Connor – he kept saying he will get it back if I reinvest….I thought best idea is to suck in the current investment (debt) and just move on to work arse my off and pay the credit card bills

       
      • Marc says:

        I spoke also with a David Connor who after losing all funds in the account talked about asset recovery and when we recovered assets they would not let me withdrawal any funds and said we had to continue trading to meet a certain volume (unachievable volume) which is the catch 22 to bonus somes he put in to assist with recovery. We lost a lot of money and they don’t care and there is no way to touch them. They are a bunch of con-artists. They are happy to play with your money and the bonus money as it were is fictitious.

         
  7. Nomer Smith says:

    Unless you’re totally ignored by the broker or you’re sure that you’re given the runaround, withdrawal hitches could have been caused by miscommunication. I don’t shout ‘scam’ unless I have exhausted all the means. I trade with Option Orbit. Haven’t experienced withdrawal hassles so far.

     
  8. Xandra123 says:

    Hi. I don’t have negative words to say about BdB. Just wanna ask if anyone has heard about Zenith Options and Top Binary Signals. Thanks.

     
  9. Sugandh Sarkar says:

    While opting for Banc De Binary bonus traders should read the terms and condition very carefully before availing the bonus. Traders have to trade up to certain trading limit before applying for withdrawal.

     
  10. 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.

     
    • Larsen says:

      Hi everybody,
      1. I would like to hear if any of the previous claims on this site have ever got there money back after you made a withdrawal request?
      2. Have any of you contacted the CySec? -that’s my next step.
      I am in the situation that BDB took money directly out from my personal bank account without my approval into my BDB account, and I don’t get any reply on my complaints. My account is blocked and I have no access to it anymore. they sent me emails with forms to sign to accept the money transactions they made, but I never signed it or claimed any trading bonuses. So it is a pure steel of my money.

       
  11. 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

     
    • anonimous says:

      I wait two monts for 230 usd.. they said “sorry but we have to many big withdrawals daily. we have a lot of winners!”
      wtf, 230 usd is to much money for this scammers??

       
  12. 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!!

     
  13. 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!!

     
  14. 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.

     
  15. 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.

     
    • Sevans says:

      Yes i have just a a rude encounter with Sam B Sloan. He has refused to activate my funded Banc De Binary account. I requested it over 20 times and he via Skype told be how rude i was because i was repeatedly asking for this account to be activated. He is a douch bag and so is the company as far as i am concern. They may be regulated but first impressions was that they don’t really want you to activate your account because then they don’t make money.

      Give this one broker a miss and save yourself the hassle. If you are looking to trade with a demo account, just be prepared that it may not happen even if you escelates the problem like i did. Nothing gets done. Now comes the fun part of getting my money back from them!!!!!

       
  16. 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.

     
  17. 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,,

     
  18. 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…

     
  19. 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.

     
    • Abdul sami says:

      Askm, Kamal brother,

      My name is Abdul sami, I spoke with BDB representative and willing to open an account with a 250$ deposit on monday. However, I am very confused after going through a long list of dissatisfied customers. Could you please share your latest experience with them in terms of support and money withdrawl. you can mail me on Mohammed.samiullah999@gmail.com
      Jazakallah

       
  20. 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.

     
  21. El megadivo says:

    SCAM

     
  22. 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

     
  23. 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.

     
  24. Antares Leon says:

    Not Trusted Broker By BinaryOptionsThatSuck.com

     
  25. 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.

     

Leave a Reply

Your email address will not be published. Required fields are marked *


+ 3 = nine

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>