Do you want to trade binary options?
Is Banc de Binary a safe choice?
Find out the truth about this broker and learn how to protect yourself from unnecessary risks. Choosing the wrong binary company can seriously affect your profits and this financial derivative is volatile enough without the need of additional risk-taking.
What is Banc de Binary
Banc de Binary is the top binary options broker worldwide, and is a safe and fully regulated financial corporation. When compared to other leading brokers, it becomes clear why these competitors have tried to mirror their efforts by using the success of Banc de Binary as an example. To better understand its benefits, here is a comparison to other top brokers:
Banc de Binary is the leader of the European binary trading market and has had consistent success, especially with its one-on-one training sessions which have turned many customers into expert online day-traders. It also offers a high payout and excellent cash premium, but most importantly, it does not suffer from the many complaints which smaller brokers face. On the contrary, Banc de Binary is regarded as one of the safest and most reliable brokers with which to deposit your money. And additional advantage is their video library, with more than 80 videos from which to learn profitable trading strategies:
TopOption is widely considered one of the best companies worldwide, although it does not accept USA traders. Licensed and regulated in Europe, its investment advisors are the most well-respected in this market. TopOption offers the highest payouts, as well as a cash-bonus of up to 100% for your first deposit. Its VIP clients are rewarded with one of the finest signals tools, which elevates accuracy levels considerably. With all these benefits and a top-notch education center, this is an excellent choice for traders outside the USA:
OptionBit brand is better liked than both Banc de Binary and Cedar Finance, possibly because this is the only broker to offer Algobit for free. This amazing investment tool is considered the most modern and advanced binary options signals service. Instead of sending signals to your smartphone or email, this software is incorporated to the trading platform, and performs the trades itself, leaving you only the task of approving the trade opportunities that Algobit detects. Definitely an advantage that can significantly increase the profitability of your investment. With an impeccable reputation and such an excellent free signals service, OptionBit is another reliable broker for you:
With a site available in nine languages and aimed at clients from 6 continents, Banc de Binary is considered one of the largest and most polarizing binary options companies worldwide. This white label firm has enjoyed success but has suffered severe criticism.
Launched in 2011, Banc de Binary operates under the bbinary.com url, and is located formally in the island of Seychelles, a country east of mainland Africa. It’s officially owned by BDB Service Ltd, and had recently received a regulation stamp from the Cyprus Security and Exchanges commission, the first binary options firm to obtain such regulatory documents. This does not necessarily guarantee the safety of your investment.
Banc de Binary Complaints
Meanwhile, Banc de Binary has been able to constantly improve its reputation, and complaints against this binary options broker are rare. Although seeking a regulatory license is certainly a plus, the road to excellence is still long for this serious company which is always striving for improvement.
Definitely one aspect to consider when choosing a binary broker is the quality of assistance and services it offers. As far as educating clients about strategies and investment techniques, Banc de Binary has done a good job, yet no measure of knowledge will help you if your funds are not fully available to you when you require them. Therefore, if you need to be constantly worried about being caught up in a fraud and having withdrawal issues, tutorials will matter less.
This is the strength that Banc de Binary has and here it has received the most severe praise. It is safer to be cautious and prefer companies which have a solid reputation and a real interest in helping you become a better trader.
Among the largest companies in the binary field, Banc de Binary has been able to turn its size into an advantage in promoting its brand name. As opposed to Cedar Finance, currently the 8th largest binary trading company, it is identified as being a reputable firm, with many clients lauding the ease with which they have been able to retrieve their funds.
Sanctions and Legal Challenges
Filed in June 2013, the US Commodity Futures Trading Commission (CFTC) and the Security and Exchange Commission (SEC) had wrongfully accused Banc de Binary of violating regulatory laws in the USA. To avoid litigation, the company no longer accepts American clients. If you are a US citizens, prefer one of the other binary brokers suggested above.
Moreover, some brokers has been blacklisted by the Italian Securities and Exchange commission, known as CONSOB. The Italian government is concerned by the way the companies markets binary options trading, which makes it seem more like a gambling game rather than a financial investment, according to Italian legislators.
As was mentioned, this binary options broker is located in Seychelles, a tax haven for many reliable corporations. One reason that this island-nation is so popular as a destination for similar companies, is that by law, it does not require the reporting of income, nor the names of owners or even share-holders.
Obviously Banc de Binary should be your first choice when selecting a serious broker.
Banc de Binary Scam – Summary
- Binary options trading involves risk and most traders who are unsuccessful with their investment lose money as a result of their incorrect predictions.
- In this sense, there is no Banc de Binary scam. This broker does inform about the speculative nature of the investment and the possibility of loss.
- Additionally, the company offers complete transparency in the way it handles your funds. Many traders have reported satisfaction about the withdrawal process of their profits.
- Furthermore, Banc de Binary has possibly always been forthright in the handling of its business towards authorities, causing several governmental agencies to take award it a trading license.
- The BBinary site, functioning with a Spotoption Platform, has an excellent interface, is easy to use, and offers a reasonable asset list composed of stocks, commodities, indices and currencies.
- Considering all the complaints and scam rumors that other brokers face, selecting Banc de Binary does seem like a wise choice at this time.
- Currently, American citizens cannot register with this broker.
Banc de Binary Scam Updates
In October 2015 Banc de Binary became the official sponsor of the prestigious Liverpool FC club, and is now one of the top partners of this Premier League team. Thus, it has cemented its image as a leader in the online trading scene and one of the most reliable firms to operate with.