Banc de Binary was one of the original binary option brokers founded in 2010. They are owned by Banc De Binary Ltd, located at; 4 Profiti Ilia Street, Kanika International Business Centre, Office 401, Germasogeia, Limassol, Cyprus.
Their phone number in South Africa is: +27 10 500 3685 and in England: +44 207 099 2097. Their contact email is: [email protected], for trader complaints, read this.
This Broker is Closed & Out of Business!
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Banc De Binary Review
Banc De Binary gives investors the popular SpotOption trading platform which offers 60 second options, high low binary options, pairs and long term binary options. There are options on more than 80 underlying assets. You can also connect your trading account with ZuluTrade.
They have new promotions and special offers. The minimum deposit for new accounts at BDB is $250, and their minimum trade size is $1.
This broker does not allow automated trading robots, you can read more here. If you want to see the best auto trading system, read this.
Banc De Binary License
When we review binary options brokers to determine if they are a legitimate brokerage firm, or just another online scam. We look to see if a regulator like the CySEC in Cyprus gave them a license.
Banc de Binary is authorized and regulated in Europe by the Cyprus Securities Exchange Commission (CySEC) under license no. 188/13. They received their license on January 7th, 2013 and renounced it effective January 15th 2017. Banc De Binary also registered with the FCA in the United Kingdom and CONSOB in Italy via Mifid rules. For non European traders, Banc De Binary is operated by Ash Ltd, which is located in Saint Vincent and Grenadines.
It is always important to check the list of licensed brokers when choosing a broker to see if the broker you want to go with is regulated by a government regulatory agency. Banc de Binary is one of the few brokers that lists an email address for complaints ([email protected]). Be sure to read the article about broker complaints here.
Warning from ASIC Australia
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”
Compare The Best Brokers
Here are a few licensed binary options brokers that traders use, look here.