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 detailsthe company has renounced the CySEC licence, which lapses as from the 15th of January The renunciation occurred on the 9th of January Read Bdb CySEC renounce Announcement here. We have to make a clear distinction between the two web domains of Banc de Binary: SofiaSofia District, Bulgaria.
The trading address of Ash Ltd is situated at UL. BoxVC- 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. Banc De Binary Regulatory Announcements and Warnings below.
From one hand, BBinary. Most complaints focus on two things: Depends on who you ask. The official authorities like CySEC and FCA are OK with Banc de Binary. 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 sinceso they must be doing something right after all. In light of recent developments, the sponsorship deal between Banc De Binary and Liverpool FC is no longer active.
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 does not offer a refund in case of OTM. Banc De Binary offers differentiated accounts; in other words, the more you deposit the more benefits you will have.
The low end account is called Bronze and requires EUR initial deposit, followed by the Silver account minimum deposit 2, EUR and by Gold account minimum deposit 5, EUR. 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. On the website the VIP account has been replaced by a Lion Premium Account for clients who deposit more than 10, EUR. 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.
For more information and contact details, visit this Forex Peace Army thread and this Banc de Binary thread on CommuniTraders Forums. The Order entered on February 26, and stems from a CFTC complaint filed June 5, Banc De Binary and CFTC — A massive settlement. The Cyprus Securities and Exchange Commission CySEC reached a CySEC Bdb Board Decision. We found 24Option suitable for EU and UK Clients.
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. Admiring the hard work you put into your site and in depth information you offer. I have withdrawn my money 3 times now and still have not recieved it You say if we withdraw it will take days …I have now been waiting 3 weeks 4 days now and no one will contact me WHY???
I tell you why you are all crooks!! They are legally established company as a leech who sucks the customers blood. No hope to get money back. Hi Melissa Have you been able to receive your money from Banc De Binary, Please write me on my email: I invested money into the trading, had one of their brokers who was really rude and pushy, give me trading instructions which I followed. Have not been happy with the way I was treated. I feel much the same about BdB.
Always asking for more to be deposited, mainly the trades given, lose. So reading other comments does not bode well. I have some long term open positions that are still looking good. Even if they win, I feel I will never see a chance of calling it a day and recovering my money.
I have followed their instructions and lost a lot of money. Now I just want to get out and have asked for withdrawal of the total amount left. Now they are trying to stop me from withdrawal! Makes me really mad. I think this is not an honest company.
Cannot recommend Banc de binary. I then made the mistake of getting involved with WMOption. Not a peep out of them. It took three supervisors to leave me out of pocket with no profit to show for.
I really hope people will avoid these scam artists and stop putting money into their pockets to trade for them because lord knows how many people out there have ended up like me. The same thing happened to me…I was devastated. The sad part is I enjoyed learning by using one dollar trades.
Went through exactly the same and lost 10 K in the process. Two people, a Harry Markos and Elliot Greene were pushing and prodding until I nearly lost all. They were so pissed when I decide to to take my remaining money and run. They harassed me daily, forced me toenter bigger and bigger trades, won one or two, and then to top it off at a NFP event on a Friday lost me nearly all my money.
Response was, sorry put more money on the platform. I wish I could do something about this for sure. Put in a request to withdraw on 25 Oct. Check my bank today 20 Nov nothing. All the good review about bdb is to do with deposit and trading. I was thinking I could supplement my income, but now I want to close my account and they better allow me to do so. They basically hi-jacked my money.
Before I lose all of MY money I will demand they close out my account and return MY money. I understand your experience, I think with any broker, do not take any bonus, it is always a trap for the trader. Call me crazy but what why would you pay that much to start with. Hovever their platform seems O. K decided not to go with it. And close my account. The same happen to me, They kept insisting on more money and when i said no and wanted to withdraw my money they gave me some bad trades and emptied my account so I had nothing to withdraw.
Please hurry with the update on banc d binary it seems to keep showing up as one of the top BO brokers, what going on. Not two timesbut twenty times as much before withdrawal!!!
Deposit is no problem with any and every broker. It is the withdrawal that separates good guys from bad ones. They are running a trading site and several review sites together. Review sites run by BDB are binaryoptionsdaily. TrumphTower, Manhattan and NewYork all combined together would make a great reputation and trustworthiness without doubt. But you know what happened next? They rented a fake room like a mail box only to satisfy the business-law requirment to launch a company.
It is a pseudo room in the strict sense with no staff, no human being all day long. My friend,living in NY,who also have an account with BDB living has been there in Trumph Tower to check and verify their actual, physical business.
But to his shock, he saw complete absence of such name as BDB on the tenant list of Trumph Tower building. Long story short, please realize that sharks like BDB abound every corner you come across in the sea of forex world.
Take extreme caution and stay as far away as possible from Banc de Binary! Many thanks for your reading and wish you a good luck! On behalf of Banc de Binary, we thank everyone for their interest in our company. You are invited to read our Compliance and Education documents which can be found on our website http: Banc de Binary has four offices worldwide and has just established an office in Cyprus. We welcome any and all inquiries, our full Contact information can be found here at bbinary contact us.
John, they made a fake top list where they put themselves in the middle of some random legit businesses for credibility. You wont find them in any list made by reputable organisations.
Anyway, Banc de Binary is a trustworthy broker according to my experience. You have to read and eccept the regulations. Banc de Binary does NOT appear on the Worldfinanace list, anywhere.
The interviewer is never shown, and the interviewee is clearly reading a prepared statement. Bank De Binary is like dealing with the Chinese Mafia. They will keep your money and not release it. They have had my money since October and will not give it back. I can not get it unless I go to New York and sue them for it and hope to collect.
To pierre Banc De Binary is now registered with the FSA for that reason I am giving them a shot at it I think. But again, regulation is only telling you that they follow the guideline, but it does not tell you how good experience with the broker. I personally feel that banc de binay service is a little pushy, they keep asking you to accept bonus, and different broker keep contacting you asking to join their group. I will like stockpair — get to know from goodbinary.
I was a BDB customer but decided to leave them a few months ago. The biggest issue I see over and over is that people accept bonuses and other terms of the contract with ANY broker without actually reading and understanding ALL of the information. For example, almost every binary options broker that offers a bonus has a condition that after you accept the bonus you must trade 15, 20 and even 30 times the amount of the bonus in volume BEFORE you can withdraw any of it.
READ the terms and conditions, people, all the information is there. Personally, I have decided to give BDB another chance because they are now regulated, their customer service has improved and they have good trading hours on many of the assets I want to trade.
And, LEO, being regulated IS a big deal. Banc de Binary does a lot excellent reviews — by themselves. They are eager to take your money and possibly never let you to withdraw. I was lucky not to take any bonus and not to trade with them with real money at all. I opened up an account about six months ago and I have four hundred dollars left in my account.
So I have nothing good to say about banc de binary. Interviews are made without reading anything, you can clearly see their eyes moving when they are reading, bunch of thieves! Their account managers suck, are to aggressive its all or nothing and they keep asking for more depsits and even if you say no they go ahead anyway to take money from your bank account without authority. Had innitially made some profit but the broker lost it all in 3 trades with his all or nothing approach.
As for teaching you how to trade properly only if you put more money in the account. Cannot see in the future my chances of ever recovering my money from TraderXP. Im with you there! Same thing happened to me…. A couple of weeks ago I opened up an account with Bbinary.
I got bombarded with phone calls and eventually I decided to answer. This all happening while im talking to the bastard. I NEVER gave them permission. This happened to me too. Then how do you deal with it? I have no idea how they made that transfer. In my part is the ask me to transfer up to 10k USD.
The number one reason that they suck is that they provide support for or more likely are themselves spammers. Spammers and their support services are never to be trusted. I am with Banc de Binary and I am extremely unhappy with their service. Anyone want to hear about my experience with Banc de Binary, feel free to message me.
The Banc de Binary platform is extremely shady. Either they are constantly having technical issues with their platform or they were spreading me unlike what it says on their website where they guarantee no spreads: Recently, when I would place trades, the value at which my trade was taken would not reflect the value at the moment at which I clicked.
It says nothing on their website about the cancel option being removed if abused too many times. If you take it away, then I am forced to believe that you just want to make me lose money on purpose…! Furthermore, I made a withdrawal request almost one month ago — and it is STILL pending!
When you ask any one of their agents, they will tell you it normally takes 10 days. This is NOT TRUE. I am living proof. I made my request October 30, You can judge for yourselves.
This happens way to often with the value always changing in the direction of the trade to guarantee your position expires Out of Money. The fact that they removed the cancel option is proof that they are only interested in making sure traders lose their money. I found this about Banc be Binary on the SEC website. They are NOT regulated in the US. Nice internet ads though. As I watched I went to the SEC to see if they were regulated — No deal.
I requested withdrawal and complained about this issue and their response was that I was responsible for all the trades I took! I complained because I was given promises and guarantees for a good amount of income and this is how I ended up. Hello Here is my short story of copperation with BDB. This text is also a part of formal complaint that I have filled on CYSEC page.
I also warned BDB that if they do not resolve the withdrawal issue I will authorize my lawyer to undertake any legal action incliding criminal charges. During the course I have provided all necessary documents for verification purposes also the bank letter confirming that bank card used to deposit the funds was replaced I was called three times by two representatives to confirm that I am going close my account.
Despite my requests to process the withdrawal request in a timely manner BdB delayed any action on purpose. There is no proper client support. The support team is anot allowed by the Bdb to provide clients with the last names in order to avoid identification needed for complaints as this Also they do not provide any letters in response avoiding issuance of documents that may be used against them.
The only replies that I have received are emails stating that the request had been passed to apropriate departament. It seems that companys policy is to keep clients funds ,delaying wthdrawals on purpose or my case is the first warning sign that company may go bankrupt. I have already written off the account value few thousands of EUROS ,seeing it as lost but my complaint may be helpful for others to avoid loss.
KAMILA DONT MAKE THE LION ANGRY. YOU WILL BE SCARED IF IT LOUDLY ROARS: FEEL SORRY FOR YOU THOUGH. I read quite a lot about this one, was inches away from opening an account with them, but now I am not to sure whether I should. Not with a 60 sec I heard but then again, it is more of a gambling then trading 60 sec. My account is verified by them so I thought, only a few days and I would have my money back, boy was I wrong… My request is still set to pending and its over a month now since I submitted it to them.
I have sent them dozens of emails with little if any response back. Then on the 31st Jan I was sent this email; Dear Mr. I reply to him the same day with my details and guess what!!! Only took one trade and didnt take any bonuses. I decided 2months ago to request a withdrawal. I sent all the required document and they told me i should receive my money back in about 2 days.
I emailed my broker several times but no answer. Instead I keep getting phone calls from them to deposit more money and how they want to help me make lots of money. You should know and see on my account that i requested a withdrawal. He hung up the phone. I then decided to start chat on their website. It said 4 mins waiting. I have nothing good to say about Banc De binary.
I dealt with the same guy. He hasnt returned my emails for more than a month now. For a company who makes millions I just dont get it. Hi I just created an account, and I am trying to: What do I do? Banc de binary is a very shady company. Broker keeps calling about all the benefits of trading with them, after deposit I came to realize I need to submit all sort of I.
D which would result in easy I. D theft and hijacking of my whole life and after submitting the same i. I made my account throw the software of Big Cash Giveaway. So far so good. 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. What kind of Service is this. I did several experiences like that and the answer from banc de binary was because I was trading in another broker.
Hi all, thank you for all your comments. I have just create my new account on BDB in Spain, and 2 minutes later a receive a call from one of their agent and he has been pressuring me to fill up my credit card number to start right now and be rich. Its always important to read the Terms and conditions regarding bonuses. I read on 24 option that you have to trade times your initial investment in order to withdraw anything other that your initial investment…….
Hooooray its only taken 6wks: I opened an account with Banc De Binary, last year September I have been losing even with the tips given by the Account Manager. Last year when I realized that i was losing i requested a bonus which they did not offer then. This year after they demanded i made some more deposits though I declined, they kept on sending request to my bank and fortunately my cards had no balance to can withdraw from.
I then requested a withdrawal of my profit but still today I am still waiting for my money. It is going for a month now since I made the withdrawal and every time i make an inquiry I am told the same old story.
I have written to the head office with no response, I only get responses from their Compliance department that they have a back log of withdrawals. I am doubting the credibility of Banc De Binary now and I am worried. They are quick to debit your account but when it comes to them paying you its another story. The aim I think is for me to lose all of my money, and I stopped trading waiting for my withdrawal. Whoever wants to claim these scammers, go to the expo that will be in Amsterdam link: They will be at the expo will be more where brokers introducing business.
Good luck to all. I have read a lot of mixed reviews regarding banc de binary so I decided to find out for myself if this is a reputable broker or not. I then proceeded to withdraw the entire account to see if they would allow me to withdraw profits.
The withdrawal option requested a wire transfer which according to their information is free. So I decided if they would pay me the full amount I would be happy to deposit a larger amount and continue to trade on their platform.
Around 3 weeks later I got an email asking me for wire transfer details. Due to their behaviour I will not do any further business with them. But again another new person to to trade me praising themselves to get me back on track again another even and more money lost. Which was an outright lie that with their skill and help I will achieve the bonus level easy by the time limit as their wasnt any.
This is just a joke and a scam the bonus is just a way to hook people till they loose. I sent up another platform with another trader and traded the exact trades and won with them and lost with bdb they have set their platform to fail as the trades lock up at 10 mins.
So to recap never take a bonus it is rigged to never achieve and never trade binary only daily as it has more move chances. I am not happy my account is still open and they are still making me to open another account with cash and put my debit card in debit and accept the payment when the bank and accounts dept ring to verify the amount.
I suspected they were rigging trades too. They would close in the money but would then lose. I asked why I chat, how can it be winning but then lose?
They said it was due to timing differences in the platform. I got no answer. I went into chat and asked why this was and suddenly the prices were all the same. Regulated or not they are at it with the prices. How do we do this?? I hope those bastards get what they deserve. Maybe set up a FB page and see who else wants class action? How could you print such a terribly researched article? I have always trusted BOTS, but this review of BDB is a poor showing for any reputability of BOTS. BDB took my money and closed my account when the SEC filed suit against them last year.
They refuse to return my money. This may be a good company to work with outside the U. These claims are important because when an entity claims to be registered with the SEC, it is in effect claiming that it has made itself available for SEC regulation and oversight. However, there is no U. Additionally, as you may know, on June 5,the SEC filed a civil injunctive action in the United States District Court for the District of Nevada charging Banc De Binary with selling binary options illegally to U.
The SEC alleges that Banc De Binary has been offering and selling binary options to investors across the U. The company has broadly solicited U. S customers by advertising through YouTube videos, spam e-mails, and other Internet-based advertising; and Banc De Binary representatives have communicated with investors directly by phone, e-mail, and instant messenger chats.
Banc De Binary also has been acting as a broker when offering and selling these securities, but failed to register with the SEC as a broker as required under U. Although the SEC is seeking disgorgement plus prejudgment interest, financial penalties and preliminary and permanent injunctions against Banc De Binary, among other relief, it is it is too early to tell when or if funds that are recovered and available for investors will be distributed according to an approved plan.
Commodity Futures Trading Commission CFTC also has filed charges in federal court against BDB alleging that it operated an unregistered futures commission merchant and, from May through Marchoperated an online trading website that allowed U. The CFTC seeks civil monetary penalties, an injunction preventing Banc de Binary from engaging in certain commodity options activity with U. I opened an account with BDB with a few hundred dollars but was contacted by one of their account managers who promised that if I invested more funds that I would be able to trade with him and make more that 20 percent a month.
When I asked why we were trading with such large percentages he said he was not used to dealing with small accounts and continually badgered me to deposit more and more funds into the account without giving me any more trades. Eventually after depositing 25K I refused to put in any more until he proved to me that we could make money. He then proceeded to wipe out my account in about 5 mins and 4 trades telling me to take 7K trades and then doubling up until I had nothing left.
Beware this character he is a scam artist and shark but at the beginning sounds very sincere. His name is Sam B. Am I the only one who thinks this is an outrage. The impertinent requesting of private and personal information to open these accounnts, such as: Where did you get your money I worked hard for my money and demanding copies of personal documents.
Under our own authority. My experience with this company was absolutely terrible, I used to get phone call after call from brokers after signing up asking me to deposit more and more money into my account all insisting they could make me money, none of them did so and I ended up losing money instead.
Moving on to a couple of weeks after losing money I decided to withdraw any funds I had and submitted a withdrawal request, I waited 2 months for the withdrawal request to go through, and that is not me overacting, I had to phone them, go on live chat multiple times, ask to speak to a supervisor, they seem hesitant to process withdrawals. Do NOT open an account with BancdeBinary their business methods amount to out and out theft.
Firstly the trades recommended are high risk and mostly losers, they will persuade you to deposit more money for a bonus and then they will not return your own funds when you want them. I withdrew from Banc De Binary after making some losses through a broker called Chris Cooper. A week or two later, another broker from Banc called Jack White called me and told me he had good opportunity for me to trade during the independent period.
During this period which is a week, my trading is insured or protected. I redeposit 5K and made 8K trading Apple. To continue to enjoy the opportunity of trading this period last week of October I need to place fresh deposit which I did about 8. I have had total about I was encouraged to trade for the 3rd round because I was told by Jack I had nothing to lose as it is protected. I left after the 3rd round and I asked Jack to top up my losses since it is protected.
I was then requested to sign an e-letter for bonus participation which I refused. I applied for withdrawal for the balance and it was not promptly attended to.
Few day later a Senior Manager called Steve called me and told me that he is looking into my account and has noted that Jack White recommendations were ill advise. Jack White probation has been extended as mytotalmoneymakeover frugal. He suggested that I do one last trade with him and being more senior and experienced, he assured me that I will be able to withdraw more than my 5K after this last trade.
He is doing this because he cares about Banc De Binary reputation and wants me to have positive feeling of Banc De Binary. I was a fool, took his word and lost my balance of In short Banc deceived me by assuring me that my trade is protected when there was none. All their signals were bad. Delaying my request for withdrawal so as to employ a more experience con man to persuade me to place my final losing trade. I have record of all my Skype binary option with small deposit system 09 with Jack White as evidence.
Opened an account with Banc De Binary last year. I called my banker and asked him to stop the transactions. Any way — How much did the rembrandts make just walked away and am now with an amazing broker at 24Option.
REALLY — STAY away from them if you love yourself. It is not worth the stress, anguish and frustration. We are here to Trade — not to babysit how much money can you make from food blogging. Every time they say they are following up with accounts department which has never gone through.
Hi — if you paid by debit card and the transaction was authorised by visa, then go to your bank and let them know what happened.
As two weeks have passed since you made the payment, they will recover the money for you. If you have all of the relevant information, e. And goods means anything from skew option strategies available to place a trade, buy a cd, or anything.
When I had originally joined I did say that I was a novice — beware thats like a red flag to a bull! The one this that I believe was illegal was their refusal anz online share and bond trading tell me my turnover total — despite numerous enquiries, they never revealed it, which again i believe is illegal under the current rules.
Their trading practices are underhand at best and its obvious to me that customers money is just there for their convenience, so it a customer looses all their money, they cant really be bothered. BEWARE DO NOT TOUCH THIS BANK WITH A BARGE POLE — IT WILL COST YOU DEARLY.
The biggest wake up call for me when watching the last 40sec of my trade Malaysian currency convert pakistani rupees could see I was in the money by 10 pips, but when the time ended i never received my winnings so i checked my history and according to it i lost by 10 pips.
I find this very strange so dont trust BDB. My experience was not the best but I got my withdrawal — to their credit. Before I got caught up with it all I pulled the pin as I did not trust the broker. He was chatting to me but I could hear someone in the background telling him what to say. I pulled him up on it a few times and he said that it must be the echo on the line.
He was called Harry P from memory. HA HA whatever I said! I emailed the head of customer service tracey. Looks like I was one of the lucky ones. However, I am reading horror stories about them too.
Hi All, I traded with them for 3 months and lost 60k. 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? Read or Google what the Forbes group say about binary options. 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 binary options support and resistance 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 jobs from home ballymena. 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 Financethey 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.
Hello — email sent to register, said it was your senior analyst. Again do your diligence! You will lose it all, or never be twilight movie money earned to get it back.
I am glad I found this website as I am now trapped in Banc De Binary Bonus. Going by what others vipdesk connect work at home said on the site, regarding not getting their money back, I am now in dispute with BdB and my credit card company and can hopefully chargeback my deposit. Fortunately for me I had traded a small amounts because I was landed with 5 loses and only 2 wins. If I had taken his advice I would have blown my whole account.
I have now written to BdB to terminate my account. I just hope all the people on this site are complaining to Cycec about the bad practices of this company and not just airing their views on this site. Same night my account manager contacted me, when I was at work in hurry, asking me if I would like make serious money, cause bot is only a bot and it blew out my account sooner or later. I can make my first withdrawal after total turnover of of my deposit plus bonus times 20 which adds up to 18 turnover OMG!!!
On Thursday morning 12 of February could not find my AM up to After about one hour he has started to send me on skype, as I assumed, trading signals but without any knowledge or experience with platform they meant not much to me.
I was thinking for couple of hours and decided to trust him. He posted one more signal which generated loss, so after long chat and my declaration to obey his orders blindly, I finish a day with capital of 8 I made maths and that day could finish 3 out of 5 win which is profit.
Now he said to me: But guess what he comes back with good news again, he charged second card with extra grand. Now I was angry but thought that have no choice to recover deposit at least. Bad day for trading, pull backs must happen. Capital left 10 When I asked him what happened, he sent me screen shot with 3 extra positions open on Could be a history of the stock market documentary day.
Result end of the day capital 9 So I asked him what is the problem? He said that we are going to have different conversation on the best russian forex ea of the tomorrow. I thought I am a human being to I do mistakes too. He has promised finanzas forex cuidados to recover on Wednesday.
I lost all trust in his signals, risk management, my stress reached maximum level. Thursday 19 of February I decided to go back on software percentprofitbot, when my AM was begging me to follow his signals, as we need good 4 signals to recover to 10 level.
After 2 days staying on bot 19 and 20 of February small recovery 7 out of 11 wins result: Long hours internet research, poor idiot me Sad smile again, and realised that boot can blow out your account in 5 following losses. Now I am trying to make an agreement to pay off one card, facing huge interest on the other one.
I have ruined my credit score. I feel cheated and disappointed. Especially with Banc de Binary management. I wish I came across this earlier…. Buyer beware with Banc de binary… Opened a small testing account to learn to swim in options world. Then Banc de Binary rep calls to have me deposit more and stating that they will give a bonus of funds blah blah blah. And more is not like or USD they want in ny stock brokers thousands.
All I kept getting is calls from Brad Collins or Martin Baines to fund my account so more funds more bonus and hopes to trade in future with slow study pace. Shortly I deposited my first amount, Martin Baines was no longer with company or has moved on but before he left he setup two orders for me or with me because they never setup orders on you behalf but state based on their Analysts.
They are like mavericks with your money. NO Money or risk managment.
Minimum Deposit Amount | Binary Auto Trading Software
Full amounts setups on almost all trades. Anyway both orders he had me setup went down south my entry money. Yes, entire almost entire amount… have usd left asked for withdrawal.
I will keep you all posted. HiLast year I opened an acc with BdB and it turned into a night mare. I just got hammered with phone calls for more money to get my acc up to some other level.
After all these calls I decided it was a scam and a rip off but was told I could not get my money back. I decided to approch my bank ANZ and told them of my problem. They saidas I had paid via a credit they would investigate. After some paper work from myself and about looking into it, I was notified that all my funds would be returned.
So I would recommend that if you have deposited funds using a credit card speak to your bank. Bank De Binary are spammers. Sometimes they call me 2 or 3 times from this number: You know what they say about spammers. After this I had many phone calls from many people trying to persuade me to put more money in the account. Personally I would never recommend them to anyone. Stay as faraway from this company as possible!!!!!
Oh I did use Insured profits software for one week, outcome — I lost 96 USD. I would never recommend Banc De Binary ever! I invested a large some of buying shares in private limited companies to make their Gold account, was assigned a account manager Peter Anderson.
In the first round of trading I won 5 and lost 5. Once again I trusted his decision and stupidly went along with his advise. In the second round I won 2 and lost 8 which damn nearly wiped me out. Losing thousands in a matter of a few hours. Account managers just want your money, whether you win or lose. See actual transcript of my account.
I have transcripts of the trades…. The nasdaq stock market inc.
name change just want to make this right…. Even though I advised the cards were maxed out…. Yes I conceed…under financial pressure…. I let my poor judgement get in the way…. They pressurise a person to exhaustion. Veryvery persistent calling you seemingly unstoppable. I lost 10K USD through outright poor trading via their gurus, fake names I am sure.
Elliot Greene, suppose to be their master blaster. They WILL loose you all your money and then desperately try to recover your losses by asking for more to be deposit. I was OK with taking this risk. I was ok with all that. He assured me that next day i would be able to withdraw best time to trade forex in canada invested amount back. I honestly trusted him. No reply at all.
Remember — they are all SWEET TALKERS!!! If you have money to spare that you can gamble with then please go ahead. Otherwise DONT DO IT!!! Feel like a complete Idiot for being taken for a ride like this.
Its NOT all that it looks. Don trust everything your broker says.!!! Alex Frost broker or senior advisor — whatever you want to call yourself — I hope your listening.
All you people are full of SHIT!!! But interesting basically the client becomes the victim why? Time and unforseen circumstances will deliver. I am writing to you to get help, advice and direction on how to proceed. I have been Frauded by Banc De Binary for a sum of USD 23K. Banc De Binary is a binary trading company and have office in UK, CypressSingapore etc. I just give you a bit back ground on what happened and also try to attach some documents. I am looking for an income for living.
From June i will not have any job so i need to look for a income. I am 50 years old and finding it difficult to find a job. Then i got a call from one of there broker Mike Hansen telling me he is a senior analysis and he will help me to make money. Then he asked me to invest more so he can get good A3 signals from his Manager and we can make even more money and buildup the account. I was feeling he is a bit aggressive but his promises and commitment to me said let me trust him and put additional 10KUSD.
Then he said his boss has given 5KUSD as a bonus and we will trade. On that day i almost lost USD 37K to whihc my account was build up 23K from myside, 5K from them as bonus and the rest profit from trades. When the account was built to 37K we had almost emptied to account to Zero and i told him this is not how i want to trade. He always said yes he will do it from next time.
Later that night i wrote him an email that i want to withdraw because this is not how i wanted to trade. Next day morning Mike came back to me on How much money does an nfl referee make per game message and told he has very big for me from Apple and this he got from his boss.
My account is secured and i should invest. I told him you can invest with USD 14K which is the profit we have made and nothing else. I resisted and told him its not apple. He told its related to apple and we are only trading apple related products. When money is secure we should trade all. HE then put his Boss Nathan Green on the phone to convince me and i am new and he personally made me invest on Apple for 9KUSD.
Nathan also told me 23K of my account is secured. I was fine with so much commitment and then Mike came back and asked me to invest more on Forex. I told him we should not and he kept on telling me he knows what he is doing and this is our opportunity.
At one point i surrendered to the pressure and just did what he told. I have written this message to Nathan Green on Skype. End of the day i lost everything and then when i asked them to put back the money to my account they said i only traded 9K for apple and they will give it as a bonus.
I told i dont want bonus but to takeout money. Mike said i cannot takeout money till i build the account to a level. I asked him what level. I told him this will never work. They are not agreeing and now telling they will give me more bonus to trade. I dont open market currency karachi to trade and please guide me how to proceed.
I am a retired person without a pension and had a small investment with my bank in South Africa which was not giving me the return on my investment to sustain a living. I was nitto legends how to make money fast to invest with a trading company which would give me a higher return and Banc de Binary was recommended.
I only wanted to invest a small part of my money I. I was advised to trade aggressively and as you can see from my account lost 13 trades in a row. I find this totally unacceptable and irresponsible of your company. The account manager, Brad Washington told me he was going to work with me to make more money. Before l started trading with him l asked him to explain to me how it all works as l was a newbie and he never told me anything.
He rang me everyday to tell me trades to place. After l lost all my money he gave me a bonus without explaining to me the terms and conditions of the bonus. April NFP he sent me an email to say l have been assigned one their big managers to work with me on that day so l can make money back. Foolishly or stupidly l believed them and within 20 minutes that manager had wiped my account from 20k to 0.
Buying stocks for beginners canada will push you and push you to deposit funds.
They have forced me to borrow so l can deposit funds. This company is a scam and should not be allowed to operate. Please all be advice don,t open your account with Banc DE Binary they are a scam. Please help me so l can make other people aware of this company so they wont fall for it like l did. As this is my first encounters with binary trading, I was taking it easy. The exact amount that I started with. I refused because I started distrusting them when they only paid out the exact amount I started with.
As the transfer of money to their account was done via credit card, they had access to my credit card account. This is an outright scam. There were never any instructions given to withdraw any money. The instructions that they had were to carry on with daily trading only. I decided to try out Banc de Binary but was seriously unimpressed from the word go. The agent was extremely pushy, demanding that I did it that moment whilst on the phone with her.
I refused and said I do not have the time and need to do more research. I am effect reverse stock split options years old.
After repeatedly refusing to deposit the money that day Fridayshe said she would call me back on Monday at a set time and I better have the money in the account before the phone call.
I immediately got a bad feeling how to make money on mylikes this and decided to go on my gut before being scammed or even worse.
If this was a legit company I do not see the need for them to be so demanding. They Forse me to put more money. They let me down so I lost everything except 7 euro. I am currently researching customer experiences and ask everyone who has had dealings with them to email their stories to bdb allanassoc.
It is understood that BDB operate in a gap between Financial investing and Gambling within the EU regulatory framework and this makes their claims of EU regulation, while true, completely useless in consumer protection.
Again, please forward trading systems and indicators for binary options forex information to BDB allanassoc. Is it normal to take more than a month to active an account?!
Exactly the same with me, all of the above. Of course they need you to put in another deposit…and again… and again. There is no logic in them making money if we lose, so they are obviously paid on our deposits and draining our accounts. Karma for them one day I suspect, it only takes one guy to get upset enough and pay them a visit. Did anyone give all their information.
Like Credit Card details front and back. Licence number front and back. I am a bit skeptical giving all my info like that. But if someone trust them let me know now. Not a good company to deal with at all. I complained, but they just ignored the complaint.
Not in a good way either. Take a look http: Why would a broker ask me for my card details including electronic signature last three digits at back of card to do deposits to my account and not my account number?
Hello, I want to bring this to management notice that I have open my account with banc debinary couple of weeks ago. I paid USD I have been told that a service manager will contact me next day but after receiving money all staff become silent. I can not log in to my account.
This is not the way to continue a business. I want to withdraw please refund my money as soon as possible. Arbitrage in binary options disputed this and sent them a letter to say I had records of all the trades I did as well buying on margin stock market crash the PDF downloaded from their website to prove my turnover.
A woman from compliance called Tracey replied to say that, yes, a mistake had been made on their part and she would notify accounts to correct it. Great I thought, maybe not so bad after all. However, I had to jump through hoops to prove my bank account details although verified last year supposedly. More time passed and nothing happened so more emails to complaints dept.
I then received an email to say my withdrawal had been processed. The money is still not in my account. These people will intentionally deceive you even if you are someone like me, who has never taken their trading advise, and traded successfully to, not only make the required turnover but more than triple my initial deposit. I started trading four days ago with no previous experience,with a minimum of Euro.
Please read this carefully. I got a call from Daniel Lloyd and he started pressuring me to deposit more to become a silver customer so that he can provide his risk free trades.
I denied, then he started calling me again and again to option trading hsbc more money. I told him strictly that I do not want any kind of bonus and I would go for only refundable bonus only if I lose the risk free trades. See the email conversation below and the way he manipulated his words while confirming it in email.
He gave me 5 trades initially and I won 4 out of 5 trades. He gained my trust and asked me to deposit more to become forex forex forex forextraderguide.info guide guide trader trader trading Gold customer.
Guys, stay away from israeli stock market performance sweet talk. You would lose your peace of mind with the hard earned money. It is not worth it. There is no reason they would lose their money to make you win the trades.
Please try to understand it. These people are there tom demark trend lines forex strategy price projection make money through us.
Tuesday, October 27, 3: The refundable bonus stated below for the losing trades will not follow any restriction for withdrawal like the regular bonus rule as below.
The refundable bonus and your how much money does supermac18 make you will be able to place the withdraw at any time you desire! The risk free trades that I am providing you every Friday will be the same as I said before and yes if you are not able to trade on a Friday or on a bank holiday they will be placed another day with no problem applying the same principle.
Payment of Deposit on property transactions | Property Panel
Tuesday, October 27, 1: Friday, October 23, 5: As I said that I will be providing you with security means that every Friday if 1 or 2 or 3 or more of the trades that I provide you come in the red LOSSES you are account be added as a refundable bonus and you are able to place a withdraw for the whole amount with no problems at all!
Now this will be the same procedure applied for every Friday until 1st of January. Please get back to me and let me know if that is what you are looking for in my email. Friday, October 23, 3: It is all fine so far but this whole process scares me and is giving me sleepless nights.
I can win trades like this but can lose everything forex trading s/l later trades. So much negativity of BDB all around makes me very uncomfortable, so I have decided to withdraw the entire amount after 4pm and will come back when things are better in future.
More than money, I have a fear of not getting fooled by anyone. Hello everyone, just to say a few words about BdB. Last week I decided to invest, sorry BET with the BdB. As I had no idea about Trading I risked it with the Broker who on the next day phoned me, and briefly told me what he was going to be doing.
So I gave him the OK. The first day of trading went,what I thought very well, but then all of a sudden It slowly went downhill. After Two days I had nothing left in my account.
I should have looked for the warnings before starting. Banc De Binary claims to be a leading Binary Option broker. They do try and give you the some winning trades so that you invest further, then they will tell you to deposit more and it keeps going on till you lost it all.
These signals so not work and 90 out of trades are loss. If you try to withdraw they will hold you up for bonuses taken. I plan to blacklist the sites in UAE and gulf regions with authorities stepping up to take these companies to task.
It was quite an expensive lesson to me. However you have to read terms and conditions very carefully, never accept the bonuses. By the way the brokers know nothing about the markets, they are just good sales people.
Do not trust their so called expertise because they have none. I am also having trouble with banc de binary. It has happened 5 times to me today. I registered and paid the small fee for the training material. I then started getting uncomfortable. At this stage I have not yet completed the all the information required on the registration document. After numerous calls from one of the representatives to assist me with completing the application form the amount still did not reflect.
I send them proof of the transaction reflecting on my bank account. So far I am anti Banc De Binary. I was asked how much I had in my savings his opening conversation. The following day he pushed even more to raise my stakes even though I kept telling him I was unhappy about risking all my savings as this money was to be my buffer being on a minimum state pension.
Again I followed his instructions he kept telling me that I would really benefit from trading because this was an important day regarding the result of the American employment status. My entire savings had gone and so did the trader. He ignored my emails. I was left to worry and fret the entire weekend. Again though, his instructions were to lose me everything and again he went silent, not answering emails.
I am unable to work through ill-health, on a low pension and therefore unable to put money back into my savings. The whole experience has left me with a bad taste in my mouth and extremely stressed and upset. How do I complain to the financial body regulating this company and try to get compensation? Anyway I signed up deposited my money. And next day I got a call from my account manager Philip Alexander. I questioned him if I loose how much time I will need to get the actual money out, he said in few days.
So everything looked perfect, being desperate for money, I placed my trade and won. Anyway, I though job is done. Then I submitted the request for withdrawal. Next day he called me again and said He got few good trades and his floor manager want to speak to me. Floor manager name was Mr Morris, and he said put all the money in trade today and you cannot withdraw.
So unwillingly I placed the trade and won. I was still waiting for withdrawal. I explained to him the original money is a loan from my friend and I need to give it back. He said trade today and tomorrow morning he will authorize the withdrawal request. He pressurized me so much and after that his floor manager Mr Morris hang up on me when I told him i need withdrawal. Again my manager called and said Mr Morris is angry and just trade today and withdraw your money tomorrow.
And he hotstockmarket com amtv pk he will call me back for the trades. In the mean time I went to asked the website live chat help and asked how long it will take to withdraw. Insted of giving any response they said my manager will call me. And Philip Alexander called me and he said I will have to trade today to get withdrawal.
And that was the day I lost all my money. The money I earned from trade and my stock market crash in ww1. Next morning he called again and asked me to put more money in my account, I said I do not have any penny and I want my INSURED money back which was actually trading bonus.
He said his manager will call me back. The manager called and he said he cannot give me any bonus and I should have taken bonus when submitting the deposit. I said Philips Alexander has told me different story. Anyway he promised and never got back to me. He sent me his skype ID and for the trading signals. So end of the day after doing all this. I realized they actually do not invest your money in market just play with your positions and keep the money with them and loosing mean they can take all of your money.
That is the reason they do not allow US traders and banned in USbecause as per US regulations brokers cannot make money if trader is making loss. I started my registration yesterday, but luckily I stopped when they asked for credit card details.
For me a demo should not need any transfer of funds. As soon as I woke up a trader was calling me, friendly at first but more and more pushy. When people get pushy I will never ever do any business. So I eventually ended the call saying that I will use more time do decide which I have already done, no business with BdB. Forex broker list review barrons will not answer!
Though Banc de Binary is not regulated, it is one of the best trading platforms in the industry. The different features of the website are exceptional and give it an edge over the other binary trading brokers. The company is long-established and has a strong popularity among traders. Therefore, every trader must try out this platform. Clearly the personal experiences on this site mean nothing or they just irrelevant?
I joined banc de binary in the year …everything was going well, but then something tragic happened. They took EUR An other week passed, I was loosing patienceI send another e mail, they replied promptly and explained that it was because of Xmas period. And againthey said your request has been sent to the accounts section.
Another 3 days have passed, but no reply. I do not recommend BDB, although they have been very fair to me for a year and 2 months. I do not understand what has happened to them, but at the moment they are not one of best in the business. I am thinking of leaving them, once I get my money back. Anybody who wants to know the details or any proof, can e mail me at: The account manager gives you the feeling he is there for you, to help you succeed.
Now I know they only make money when you loose! First the account manager asks you what you do for a living and what the maximum is you can miss. It is all in your best interest because he can offer you a risk free insured VIP trade. He says things like: You will loose this one for certain! I really dug into the trades and could find out that the signals and forecasts where all in the opposite direction!
Then he will try to suck more money out of you by offering another risk free insured VIP trade, but only if you make another deposit. A good account manager will always advice you to trade with a small percentage of your investment portfolio.
I did not participate in trading and requested that they return my money. I received the entire amount in days. Sridhar, what is the procedure to withdraw the deposit since I too did not participate in trading after reading the reviews?
BDB keeps to its word. There are many binary options companies which are not regulated all around. Most of these offshore companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission CFTCNational Futures Association NFASecurities and Exchange Commission SEC or the Financial Industry Regulatory Authority FINRA.
Please If you have lost a reasonable amount of money to an untrusted broker, email me on andreablunt55 gmail. I too have been a victim of Banc de Binary. I will say no more but just urge anyone thinking of becoming their next victim to read the following document from U.
My heart goes out to anyone who has already lost with this company but hopefully this will stop any more losses. Over an hour of saying no before he got the message. He knew I was an unemployed newbie. I have been scammed as someone who called himself Senior ….
Called me n took me through a session that was supposed to be a training session as my deposit withdrawal request was pending. I called them, they told me I lost, how is it possible as my deposit was being returned back to me as I was told. But I will keep on complaining! I was very upset thinking I too was being scammed by Banc de Binary. Looking through these complaints, I found the email address of the head of Complaints, Tracey Ludlam tracey.
I emailed her and she emailed me back within hours. She was very apologetic and assured me that my money would be back in my account as soon as possible.
She was very professional and in constant contact with me over the next day or two and after signing a waiver form, she called me personally and said the money would be back in my account within 5 working days.
It was back in my account within two working days which I thought was very impressive. My impression of the company was like yours bad before I contacted her, now I believe they are very fair. I cannot speak for other staff but I found Tracey brilliant to deal with and very fair and actually a lovely down to earth person, no airs and graces.
You are very lucky and some of you definitely smarter than me. All the trades lost and now I am asked to put in more money to recover. I wish I read all these reviews first. After deposited money in my account they ask me to sign a declaration In the declaration it stated that i am paying for services I am not sure if i must sign it. I want to fund my account not paying for services.
They have suspended my account i must first sign the declaration. I requested to withdraw 5 times and was ignored every time i was told not to manually withdraw from my account as this would result in me only get a fraction of my money back because they would take a percentage like a handling fee.
Be aware, look at this and help to spread it. Announced at cysec. You can read what the settlement concerns in my posted complaint. Be detailed and take up as much evidence as possible. They are not happy for all the complaints that posts there. They are supposed to reply in public. I really really suggest all that are in the bad situation with Banc de Binary to do the same. The more the better. Had four fairly aggressive calls from BdB today.
Can hardly hear what they are saying because of background office noise. How many are they employing to get at my money? Yes all of them are crooks. Today a Aaron Torei called me saying he wanted to help me withdraw my Now he wanted to offer me free bonus to get my money back. They will eventually delete you I guess. The they wanted me to deposit MORE MONEY. Give me a break. Im filing a fraud case with Visa to get back my money back from these crooks.
They are not interested in the small guys. Yes they have no interest in the small guys. Only the rich who can afford to play hard and deposit huge amounts. The first and second trade was fine, my money went up to 50, US but for the 3rd and 4th trade.
I only have US left in my account and with credit card debt to pay. I am so broke. Nobody returns my call anymore. THANK GOD tehre is bank de binary, finally a company that pays and delivers. Thank you BANK DE BINARY you are the best i love you guys. Terrible why would the broker demand more more? So called Account manager, MARTIN GREY called me several times on the phone and instructed me to place several trades and emptied my account and prevent my withdrawal request which i have submitted already thereby making me loose all the monies i have in my account and withdrawal was cancelled.
On contacting the compliance department, i was told it was my FULL responsibility to have place the trades despite the instruction giving by the Pushy Account manager. So sad…Please beware and dont be fooled. I agree with you Oli.
This company is SO shonky and suspect. So no even trying a withdrawal for me. The broker simply instructed me I thought he knew better — I though he had access to charts candlesticks with signals and algorithms etc. I won 3but lost it all in the end. Now my question is why would they want to do that? I think the only way is to trade by yourself and learn the markets.
The company is regulated. Always asking me to deposit more money. More money so we can trade bigger. The trading room I got the calls from was SO noisy with people yelling and screaming out — it was unbearable. The call kept dropping out they use VOIP of course and I had trouble understanding the brokers foreign accent.
Well — here it comes ladies and gentlemen…. I emailed him as I did not get any calls. He suggested 30 SECOND TRADES! While doing this I had no idea what was going on. I hoped for the best — that he had GOOD REASON do suggest as he did. Then he said I will call you back. I then checked the trades and saw win win loss loss loss loss loss loss loss loss loss loss loss…do I need to go on?
Then he calls me back and WANTS ME TO DEPOSIT MORE MONEY! I said you must be joking? What money I said? DO NOT DEAL WITH BANC DE BINARY. Your reviews are correct. I want to ask questions like why is my withrawal saying WIRE when I deposited with a credit card and expect the money to go into the credit card but i have no one to ask.
I have emailed danny and asked him to refund my money. I was laid off from the oil industry as oil prices fell. So I decided to do some educating, so I enrolled into a very expensive course which takes a year to complete and whilst doing this I was applying for jobs and looking for other ways to earn money. This is when I came across BINARY TRADING options and somehow only found good reviews about it and in particular BDB, so I gave it a try and signed up with BDB.
THIS WAS MY FIRST BIG MISTAKE, because I was unemployed and hoping that this will be my be all and end all to all my money woes. Straight away I had several account managers phoning me and asking me to deposit money. I then got an account manager called Leo Harris alias Shark who called me. I got the paperwork of my deposits signed them and sent back to them copies of my passport etc which I thought was strange and all in the argument of money laundering???
Well this was done, and after all paperwork and verification was completed we got trading. This should have been my first warning sign but I did not heed the small voice inside.
So I said to him if I do this I will be borrowing money and if we win then I need to pay this lender back asap. He agreed but reiterated that it is a risk. I then deposited it, I am sure that Leo is now rubbing his hands together. He mentions trades that are going on but we do not trade. I am looking at my trading platform and I am trading a tenner here and a tenner there and I am winning here and losing there. Friday comes again and I have been told of a certain trade that comes into fruition at I have not read the terms and conditions of the bonus yet, but that is yet to come!
Leo did not phone me at He says come on lets get going, so in a hurry I get ready and he tells me to trade on his chosen currencies which I follow whilst he is on the phone. He then tells me I will call you back soon ok and says goodbye. So he says lets keep going whilst we are on a roll I am now thinking that I can pay my lender back next week but Leo is on me, saying come on Shane lets do this! He says to me I will phone you in ten minutes, I said no — that is it, I am going home and have a great weekend.
Saturday morning arrives and I thought that I will have a look at my balance and put in a withdrawal application to repay my friend. This is when I realised that I could have lost the whole lot in just 6 minutes. I could not believe what I was hearing. He stops phoning me that day.
I then write an email to the first account manager that put me onto him, a guy called Nicholas McCartney, and told him that I was not interested in trading with Leo anymore and told him why. By this time I have found more reviews — a lot of negative ones now on BDB and one in particular mentions how this former client had the same problems as I have mentioned.
He went on to say that they replaced his broker with a platinum account broker who said that he would take care of his needs — well being confident he trusted his new found business friend and guess what, his account was wiped out!! I though that this is not going to happen to me.
I then try to draw money out and it is refused due to now the conditions of the bonus acceptance which was not explained to me and really forced upon one deceitfully. So I thought well if I am to try and win money then I will do it myself this is where having no other source of income puts pressure on trade decisions because it becomes a matter of desperation rather than intelligent thought or market research the latter is pretty useless in this current market at the moment So I start trading and during one of my trades on GOLD I noticed differences the signals next to my strike rate box and the indicator on the graphs?
I lost that trade even though the indicator was saying that I was in the money. So I got my camera out and took photos of the next trade — this seemed to happen on my GOLD trades only and I took photos of this occurrence several times.
I reported this to CYSEC, the FSA, Watchdog and the Financial Times. The only people to write back to me were the FSA, who said they do not have the authority to intervene and that I should try the finical ombudsman — no answer from them either.
So here I am, stuck between a rock and a hard place. So I decide well it is time to learn and I stop studying for my technical qualification that I write in August, and I start reading and taking down values so that I have some historical data to refer to.
And for the next two months I erode my remaining balance down to nothing. Furthermore during this time I have noticed how they restricted some of my trades and the times at which I could trade at which I complained to Brian in an email to which he did not reply to but suddenly I was getting those assets again.
This to me was constructed to ensure my demise. I was told by the FSA that they have no authority on BINARY platforms as they view this as a gambling business, so let me just fill you in. I say this because here are some other things that you should look at doing if you are a gambling man. You can also lose it all to, this is where market research comes into play — know your asset.
If you bet on horses you can win many thousands on one bet with just a hundred or less depending on the stakes. But when you lose you lose all the same. So now we ask what happens to that money we lose? This is a question that I put forward to my account manager who could not answer it yet another sign.
Well I will tell you this if it is anything like William Hill or any other betting shop, your loses go into that business account and stays with them until they declare their earnings to the taxman.
So if you lose they gain, if you win they also gain. They are on a win win streak all the time. It is your choice though.
For me if I had another chance I would refrain from this practice and stick to horses or proper trading. At least with horses the race cannot be manipulated by the bookies alone: Banc de Binary did claim to have an office in New York City inside of Trump Towers, but this was in fact a virtual office space without significant physical presence.
Trading and offering financial services to US consumers without obtaining a license from US regulators first is illegal, as it would mean the client would have no protection. The company also claims on its site at its UK Companies House report to have an office at 1 King Street, EC2, in the City of London, but similar to its New York City address this is also a virtual office. On 6 JuneBanc De Binary was charged by both the CFTC Commodity Futures Trading Commission, as well as the SEC Securities and Exchange Commission for alleged violations of US financial regulations.
In a press release Investor Alert: I have all the information about this company and if we gather a larger group — we can do something about it. For more info add me on Skype — nullisecundusinfinite! Do not deposit any funds with them.
Regulatory authorities are a joke. There are people FPA which I think stands for forex peace army who will help to get your money back. After that a senior broker kept calling for more than a week. I then submitted a withdrawal last Sunday but yesterday, this broker from the finance dept said he received contracts from my broker to trade and i have to do so in order to withdraw. So i had no choice. First round, doubled my funds. On the other hand, my credit cards payments are due.
This is really a very frightening situation to be in. As such, be careful with your money and how you use it. I completely concur with what Di says. Their Account Managers are not to be trusted. They are pushy and unpleasant.
When you first start with an account manager, you win trades, but after that it is all downhill. I had the distinct impression that they win when you loose, it was as straightforward as that.
Withdrawing money was a trial which eventually took 2 months before the money finally appeared in my account. Go with someone else, do not wast your time or money with BDB. Please stay away from this company. They keep telling you lies and lies and ask you to deposite more and more and then you will lose it to the banc de binary or if you win it, you will not get your money.
I knew from the day that I spoke to one of them who called himself Russell Chambers, but that poor Russell barely spoke English. So, why do you hide your true identity? Is it not because you want to rip someone off, and get away with it??? It has now been more than 3 months that they did not give the money I won. They claimed that they had transfered it via Wire to my Barclays Bank account, and they provided me with an ARN number, I first to talked to a cashier in the bank, and she told me that I would need to talk to one the managers, and I spoke to one of the managers, and he confirmed that the ARN given to me is not valid, and I should not expect to receive any money from this company.
I went all the way to London, to the Barclays Head Quarter, and I spoke to a senior bank manager, and he told me the same thing.
In fact he said to my face, that I made a foolish mistake. Please be aware, and read more pages about them, they have made a fortune out of you and me, and they pay Google to rank the pages they want you to see, and not those you do want to see. There has been hundreds of thousands of complaints to FOS, and FCA. It is a shame that this disgracefull company has been authorised by the Financial Conduct Authority. I dont Recomand Bank de Binary i depozit with them pound they givme i complet 20x time turn over i win pound i try to withraw and they told to cancell beacuse i confuze de sistem beacuse in the same time im traiding and i have to wait days to proceses the money to take from the account and after that to wait anoder 5 days to ghet on my account so this mean to not trade ontil they take the money wat is this?
Banc De Binary is a terrible broker to work with. I have activated an account with them, and an agent Dave H. I tried contacting the support chat with Alla and he asked me to contact my account manager who was never available. I tried contacting Dave H. In my experience I have found Banc de Binary to be not very helpful in helping their clients succeed.
Yes friends,you have guessed correctly, yet another so- called trader has been sucker punched by this company. In brief my experience is mirrored in what ive read in the reviews. I protested,saying that i could not possibly afford the interest repayments on a maxed out CC. He said no problem ,ill cover the repayments, just email me when its due. He set a trading date on the back of a big anouncement by the ECB about economic indicators that will boost returns. So we open several large trades and the account balance escalates to the range of 58K to72k US.
I was devastated, went on line and read the company reviews all 37 pages of bad reviews realising that ive been scammed along the same lines as many people. I have lodged a complaint with my bank For Visa to recover the lost funds. I will not attempt any trading anywhere until im experienced. Hi i just got into trading with BDB. I have deposited USD and the manager keeps asking me to top up to USD50, so he can give me another USD50, totalling to USDand then i can become a VIP member.
Now am getting pretty concerned. Looking at your experience am afraid that mine will be similar: Appreciate ur reply thanks n best rgds sashi singapore. I ended up loosing everything the whole USD which I had already started the process of withdrawal and they said was safe as it had been approved.
I had no idea what was happening and he pushed me so fast. In a matter of 15 mins I lost all These guys are heartless. I immediately before this trading happened told my bank that I was unhappy about the deposit I had made.
Could you tell me how I would be able to get the funds back from my bank please? This company is also passing my contact email to other spam traders. Since signing up with these sharks, I have been inundated with spam mail! How do I know it is because of Banc De Binary? Because all the junk emails are offering the same deals from hundreds of different email addresses and are all related to trading on the internet! Very untrustworthy Broker, they will keep calling you to find out how much money you can invest and keep pestering you to invest a big amounts with promise to double the amount with your bonus.
I was auto trading with BinaDroid and they starting closing my trades at stake ending in losses. Finally I had to withdraw the remaining money. I deposited some money into my account.
Well the account manager Chelsea Richard handled my account. She was ok to make some profits for my trades. However I made some losses after attempted to trade myself. She said need to top up to get the bonus…etc. She said no problem for withdrawal can be anytime. Please do not accept bonus from any broker your money will be tied to eternity as there is always a ToS to bonus like trading a volume of 30 or 40 of whatever bonus you get. Also, never allow anyone trade for you, its too risky, if you dont know how to trade, learn or join signals group so you get trading signals and learn along.
Hi Elizabeth, I will post when I can in detail, but I have just had the same experience as you from a different agent. Same modus operandi and mine is half of my retirement fund disappeared now. I have a bad experience with Banc de binary this week.
I am a free lance journalist and crusader for truth and transparency and justice and would like to stop others experiencing what I have in the last two days. This is my story from 2 days ago… As a beginner I wanted to open a basic account and learn to trade following their educational material, my own research and small trades.
Banc de Binary are regulated and have transparent marketing with OK reviews. I still had no training session or demo experience with the account manager.
Feeling like I was putting huge faith and trust in this advice from this manger with years of proven experience, I reluctantly agreed and completed all compliance paperwork. Nervously I agreed although I had still received no training session. They told me another more senior trader would do my next session. The senior account manager called back later, listened briefly to my remonstrations and asked me to go ahead with bonus scheme to gear up the claw back.
He told me then that we would have do another session and recoup some of those losses. Yes there are plenty of warnings of high risk and only to use money you can afford to lose. And yes I have agreed to their instructions. I expressed these feelings to my account manger who replied that I have to understand that they feel just as bad and frustrated that the markets went against us. They suggest some training and I house analysis and taking it slow from here.
The cart before the horse. Hi Jon, May I ask if how did you deal with BDB with your case. We are exactly the same situation. They promised me to deposit more to recover my losses but O lost more money. It would be great if you can email me directly. I initiated the withdrawal in May this year.
It was verified and approved but days went by and I saw and heard nothing. My problem was this: It had fast 8 days and remarkable success I got my money back — in my account — this morning. After only 3 very-homemade Shark! FOUR MONTHS of asking nicely got me nothing: ONE WEEK of tweeting pictures to them and I had my money back. Make your own pictures or use mine — but get the word out — it can be done — it will be done — or they will become the byword for sharks.
I am now wondering if I have walked in to a scam and not a pleasant one, I deposited GBP and then got a call from an account manager. Started off quite polite but then I felt he was being really pushy, wanting me to access my overdraft and credit cards to put the money in my Banc de binary account. Has anyone else experienced this with Banc De Binary please Sara Ps: Jon I have just seen your post and this is what happened to me just now. Yesterday, I have chose to withdraw the deposit.
However, there is no status that said how is Banc de Binary going to return the money to me via what type of channel. Well, this is the kind of class act that Banc De Binary claims to be. Told me my money was guaranteed but of course you must put in another in order to get the guaranteed bonus.
Do you know why they take office in the poorest country in Europe, they pay the government there to protect them against all of the law suits and pissed off and now broke clients. Do not trust this particular binary option broker, they spend millions to make their image look great, behind the scenes they unprofessional weasels looking to take your cash by any means possible, they are not to be trusted.
Every now and then they will induce that bonus will be added if money is deposited immediately as this is the last opportunity and then Account manager will suggest you to trade and lose all money. I was promised saying the funds are secured and safe. The account manager even lied saying he has requested for withdrawals and even told me to try withdrawal from my side but i never got any withdrawal as it has to be approved by account manager.
But he ensured all money is lost by trading. I am still fighting if they can retrieve the telephone conversation between account manager and me to show all the lies by their account manager. Hope some body can push for the regulators. I want to share my bad experience with Banc De Binary.
From joining as member, they asked you to put more money day after day to get the exclusive account and saying this is quickest way to make only. But there is catch and is just gimmick to lure you.
By the way you could finish the trading volume, you would lose all the money if you are newbie and not professional trader. Their account manager do 1 on 1 trade with you and this sound good for newbie but their aim is to make you lose money day after day, then they request you put more money for recovery another 10K.
I HAVE INCURRED LOSS OF 50K USD. BROKER MAKE MONEY FROM YOUR LOSS. No mention if this is a Demo account as what the editor stated above. I have also double confirmed with him that if it is merely USD before I authorized the payment. Just start small with their guidance. There will be a mentor who will guide me through. After which 3 hours laterthere is another call from this company, who the caller claimed that he is a an expertise handling huge portfolio for 83 clients and he will be mentoring me fto trade the deposited amount.
He wanted me to put in USD50, I insisted that it was agreed that I played it small upon sign up. I told him that there is no mention to put such a hugh sum of money to invest during sign up. I explained to him that I am not comfortable to invest more.
His attitude changed and was not polite and hung up my phone. I was left with shock. Thenanother call came in who claimed that he is a senior manager of Banc De Binary. He is a good conversationist only he talks and stop you from talking — persuade us to put in more money. He was manipulative and unpleasant.
The conversation was hard sold type. When I insisted that USD is all I have for him and if they are looking for big investorthey should have tell us earlier on before we signed up. It is an unsatisfactory service provider due to the way they handle customers. Being a representative for such a big company as what he claimed, why is he so up tight on the USD that has agreed upon signing up that it can be withdraw at anytime.
When I insisted him to reprocess the refund of my deposited amounthe hung up the phone. No news from them at all. I have reported this to credit card company to deal with this. Is this a scam?
Millions of demo account open globally that really make Big money. This is just the beginning. I have had a bad experience. Had a dedicated Account Executive who kept after me for more deposits promising me that we will recoup losses. Once i told him that i wont be able to deposit anymore he stopped caling me or responding to my emailsand also on Skype.
Extremely bad company as even emails to the company had no responses so far.