Binary Banc was an unlicensed binary options broker owned by Ceasaris International GE. Binary Banc is located at M. Zandukeli Street 3 Tbilisi, Georgia. Their phone number from the United Kingdom is +44 203 769 678 and from the United States (888) 283-7111. Their official email address is support@BinaryBanc.com, but you may have better luck getting an answer from firstname.lastname@example.org.
Trading Software Scam
You probably heard about BinaryBanc from a fake trading software like My Profit Formula.
WARNING: Those systems do not work, and you will have the problems we discussed here.
If you want a real automated trading software, look at these.
The trading platform you see at BinaryBanc is called the Panda Trading System for binary options. There are a few other brokers that are using this software. It is a nice system where an invetor can choose from a variety of market assets for trading including; Forex, Commodities, Stocks and Market Index. The different types of binary options available are the: Hyper Options (30 and 60 seconds, 2, 5, and 10 minute options), High / Low, One Touch and Range Options. They also have on their website social / copy trading. The returns range from a low of 60% to as high as 85% depending on asset and time. Minimum deposit for new accounts is $250.
Binary Banc License
The first thing we check for when reviewing a broker to see if they are a legitimate broker or a scam broker is a license. We check with the CFTC and CySEC in Europe or ASIC in Australia.
Binary Banc is not a licensed broker.
Smart traders will almost always just one of the licensed brokers in their country. On October 26th 2015, FINRA published an investor alert regarding offshore binary options brokers. Read the alert on FINRA’s website here.
What was your experience trading at Binary Banc? Please share your experience in the comment section below.