Banc de Binary — Reviews, Regulation and Broker Overview

Banc de Binary is a company registered in Cyprus that operated in the binary options category. It provided access to trading binary options on currencies, stocks, indices and commodities through its proprietary web platform, which included options such as Digital Options Pro, Long Term, One Touch, 60 Seconds and Pairs. The company offered a demo account and an Islamic account, along with deposit methods including bank wire, credit card, MoneyBookers and AlertPay, and withdrawal options through credit or debit card, bank wire, Moneybookers and AlertPay. It also maintained a mobile application.

The company held a CySEC license numbered 188/13. However, it is marked as a scam on the basis of accusations of fraud and the absence of a license.

Regulatory concerns have been raised regarding the company's operations. These include formal accusations of fraud and questions about the validity or continued holding of its regulatory authorization.

For clients, this situation creates material risks, particularly around the ability to withdraw funds and the lack of effective protection from a regulatory authority. Without a valid license, standard investor safeguards associated with licensed entities do not apply.

Potential clients are advised not to deposit funds with the company. Those who have already made deposits should retain all correspondence and payment records and contact their bank as well as the relevant regulator to explore available options for recovery.