Banc De Binary

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Banc De Binary, based in Cyprus, is a bank that specializes in the trading of binary options. Binary Options (also known as Fixed Return Options ( Frøs ) ) offered on goods, shares, indices and exchange rates. The company's clients are private and institutional investors in over 80 countries worldwide. The company is regulated by the Cyprus Securities and Exchange Commission.

According to CFTC, which has introduced together with the SEC in June 2013 filed a lawsuit against the company because it is contrary to the U.S. regulations for finance, is the Banc De Binary an online broker, buy over the customer call or put options and can sell to speculate on rising or falling prices within a defined time period.

The Wall Street Journal describes it as a bank, which " enables customers to conclude on the price of gold, oil and equities bets".

History

After graduating in economics at NYU and several years at NAF Hedge Funds and Private Infinity Investment Funds, founded Oren Laurent Banc De Binary January 15, 2009, after the SEC had permitted trade binary options on the stock exchange. 2011, the company was included in the World Finance 100. In an interview Laurent said that the finance company has 20,000 customer accounts and in a press release in August 2012, he announced that the number of customers had risen to 200,000.

The company's regulated by the CySEC under EU Directive accepted as the first specialized to binary options brokers OTC in January 2013. At the same time, the Banc De Binary also stopped accepting customer accounts from the United States to enter into negotiations for the sale of binary options in the U.S. with the CFTC.

On June 6, 2013, the Banc De Binary of the CTFC and SEC was accused of violating the financial laws of the United States. Both institutions brought complaints a profit levy against the company. In addition, financial penalties and other injunctions and injunctions should be imposed.

Regulation

The Banc De Binary on January 7, 2013, the license as a financial service company by the Cyprus Securities and Exchange Commission ( CySEC ). The register of the UK Financial Conduct Authority notes that " ... may be regulated is authorized or registered by the ... [ CySEC ] by the Financial Conduct Authority " to the company, the 25 February 2013. The company is also registered in Germany as a financial services and credit companies, as well as in Italy, France, and Spain. In accordance with the EU Directive on Financial Instruments Directive ( MiFID), the company is authorized in almost all EU Member States. According to MiFID financial services are subject to the rules of the registered office and not to the laws of the home country of the customer.

Products

The Banc De Binary offers 200 different products, including commodity futures, stocks, speculating on indices and ForEx, as well as classical binary options, long-term options, 60 -second options, One Touch options ( binary options in American style ), and pairs trading. The customer support of the site is open for 24 hours throughout the week. It will be made available daily market reports and access to market analysis and trading signals. There are also informative tools such as tutorials for trading binary options.

Awards

  • 2013, Best binary options broker for the Middle East in 2013, JFEX
  • 2013 Award for Corporate Ethics ( Corporate Governance Award ) of the World Finance Magazine
  • 2012 Best Customer Service in the area Binary Options ( Best Binary Options Customer Service ), Forex Traders
  • 2012 best platform for trading binary options with in North America ( Best Binary Options Platform in North America), World Finance Magazine
  • 2012 best platform for trading binary options with in North America ( Best Binary Options Platform in Asia), World Finance Magazine
  • 2012 Safest broker for Binary Options (Most Secure Binary Broker), Moat & Bailey
  • 2011 World Finance 100, World Finance Magazine
  • 2011 Best Customer Service ( Best Customer Service ), Forex News Now
  • 2011 Best Customer Service ( Best Customer Service ), FX Empire
  • 2011 Broker of the Year ( Broker of the Year ), Binary Options Daily
  • 2011 Trading Platform of the year ( Platform of the Year ), Binary Options Daily

Business in the U.S.

On June 6, 2013, the Banc De Binary of the CTFC and SEC was accused of violating the financial laws of the United States. Both institutions brought complaints a profit levy against the company. In addition, financial penalties and other injunctions and injunctions should be imposed.

Then the Banc De Binary announced on their website first to offer no other services in the U.S. or trades for U.S. citizens. However, it was in discussion with the CFTC and SEC.

Institutions for investor protection

Banc De Binary has been accredited with the Better Business Bureau in 2010 and has withdrawn the registration because it has gone out of business in the United States. Before that the Banc De Binary was rated with an F, as it had been founded only recently and had not responded to 5 of 11 customer complaints.

The Banc De Binary is on a warning list the Securities and Exchange Commission, because it was not registered and investors have complained.

In Canada, the Bank is available on the investor warning list of the Ontario Securities Commission. The institution indicates that the banking company operates stores that are associated with risks for the investor.

The Canadian Autorité des marchés financiers (AMF ) advises caution.

Types of business entity Share (finance) Stock market index Commodity Futures Trading Commission U.S. Securities and Exchange Commission
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