Banc De Binary Overview

Banc De Binary
  • Banc De Binary
  • Bonus: up to100%
  • Options Profability : 70-83%
  • Rating: 8.6 / 10


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Broker Name: Banc De Binary
Platform: SpotOption
Founded: 2009
Bonus: up to 100%
Return/Refund: 70-83%/0%
Banc De Binary Overview


No. Of Assests : 100+
Regulated : CySec, FCA
Demo Account : Yes
Minimum Deposit : 250
US Traders : Not Accepted
Read Users Reviews

Review Last Updated 2016-01-03 11:32:26

Editor’s Note – Why does Banc De Binary Suck in 50 Words? (My Opinion)

They offer a Demo account. I know it doesn’t sound bad and you might be wondering if I mistakenly placed this under “Why it Sucks”. Well, here it is: they say you have to deposit the minimum amount of $250 in order for you to have access to the Demo account and even if you did that, you don’t know how long you can use this Demo. The period will be at the discretion of your account manager. So actually the free Demo is not so free after all and you don’t know for how long you can use it. Maybe a week, maybe a day… depends on your account manager.


Check out our Recommended Binary Options Brokers


Why Banc De Binary Doesn’t Suck (My Opinion)

Their website contains a lot more information about Binary Options than we are used to see from regular brokers and I think it’s a good idea to offer such a complex educational material. Keep in mind that when I say “complex”, I compare it to other mainstream brokers, not to real educational websites like… of course, BOTS.



Banc De Binary Review – The Lion of the Binary Options

Banc De Binary is one of the oldest brokers around, founded in 2008. The website is owned and operated by Banc De Binary Ltd., a company regulated by the Cyprus Securities and Exchange Commission under license number 188/13 (regulated since 07/01/2013). Their headquarters are located at 4, Profiti Ilia Street Kanika International Business Centre – Office 401 Germasogeia CY-4046 Limassol, Cyprus. Banc de Binary is also registered with the Financial Conduct Authority under number 596375 and with some other regulatory bodies from the respective countries they operate in.


The first feeling I got when I accessed their website was one of clutter: a lot of information squeezed together, a lot of linked content and an annoying “Live Support” pop-up that covers a big portion of my screen and stays constantly somewhere in the middle of the page. The thing is that I can find the Live Chat button on my own and I don’t need pop-ups for that. It may be just a personal preference, but I really don’t like pop-ups and I get instantly annoyed when I see one. *Update: 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. There’s no need to download any software and everything can be accessed online, a fact which is a characteristic of the Spot Option trading platform and numerous others. Their platform features a functional Option Builder, 60 seconds trading, One Touch and pretty good returns between 70% and 91% for In the Money Options. However, the 91% return is rarely seen on the platform but I guess it’s good for marketing purposes. The average is around 72%, average for the industry. 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 250 EUR initial deposit, followed by the Silver account (minimum deposit 2,500 EUR) and by Gold account (minimum deposit 5,000 EUR). Previously they had a VIP account, with good benefits, but we’ve seen other brokers that offer those for standard accounts or for a smaller deposit. If your deposit exceeds $100K (huge, I know), you really get treated like a king: you will get a personal assistant to make your calls and book your appointments, order gifts online… and much more. Also, if you need guest list access or tickets to a sold out event, you can ask them for help. It all sounds worthy of a movie to be honest but if I come down to Earth, I realize that I don’t have $100K to invest in Binary Options… not even $50K and I bet that most traders are in the same situation. 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. *Update: 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 10,000 EUR. The benefits of this Lion account are not described on the website and obviously we did not deposit this sum.



Is Banc de Binary a Scam?

From one hand, is doing a step forward towards European regulation, has gained FCA regulation, and other brands achieved CySec regulation. From the other hand, we heard from, one of the most respected Forex B2B websites,  that banc de binary is having problem with the US authorities. According to global news press, BdB denied these claims and made it clear they are progressing into regulation in Europe. Who should we believe? It’s up to you. Many global companies receive tons of complaints, but I’ve never seen a broker that much controversial. Waiting on more updates.


*Update: the U.S. issue is now in the (almost) distant past and Banc de Binary is well regulated and even partnered with Liverpool football club but the amount of complaints cannot be overlooked. Most complaints focus on two things: Account manager lost the money, and aggressive sales tactics so the answer to “Is it a scam?” is hard. Depends on who you ask. The official authorities like CySEC and FCA are OK with Banc de Binary. Liverpool Football Club are OK with them. The bad winds from the USA authorities are now past. If you ask the traders who published their stories all over forums and websites, they’ll tell you it’s a scam but probably the answer is somewhere in the middle.


At BOTS, we recommend to all traders who are using or thinking of using Banc de Binary to avoid account managers at all cost, but that’s not something specific for this brokerage. 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 since 2009, so they must be doing something right after all. It’s just not our cup of tea.


Check out our Recommended Binary Options Brokers


Banc de Binary Complaints

We at always look for complaints, fraud alerts or possible scam by performing a simple search, which could also be done at home: just write the brokers name, in this case bbinary/ banc de binary or Bdb, then type scam, fraud, suck, complaints, etc. Search dipper into forums and reliable website and look for user’s comments. 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.  Whether or not those comment, feedback and complaints all stem from frustrated traders, or actually hold merit, we can’t be sure of at this time.  What we can tell you is to protect your money, and make a wise decision when choosing a broker.



Banc De Binary Bonus

They have changed their bonus structure in a way that now it is completely at the discretion of the Account Executive. Bonuses still go as high as 100% and what I don’t like is that I couldn’t find the exact turnover structure on their website (we don’t know how much you have to trade before you are allowed to withdraw). 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. However, the good thing is they don’t force the trader to accept the bonus.



Banc De Binary Withdrawal

The minimum withdrawal amount is 100 USD/EUR/GBP, it will be processed by Banc De Binary usually in 5 working days but it will take additional time (depending on the withdrawal method you chose) until the money will be visible in your account. There are no fees charged by Banc De Binary but your bank or payment-processing service may charge you according to their policy. Available withdrawal methods are Credit/Debit Cards, wire transfer and Skrill (MoneyBookers).



Banc De Binary Extras

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.



Banc De Binary Ratings

User Friendly 18/20

Their website is offered in 10 languages, the Spot Option 2.0 platform is known to be user friendly so everything looks good… except the clutter I mentioned earlier and the annoying pop-up which kept on appearing even though I closed it several times. *Update: well, that pop-up is now gone. Good riddance! 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.


Number of assets and expiry times 19/20

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.


Commissions, Support and Effective return 17/20

Banc De Binary doesn’t charge you for depositing or withdrawing but there will be some costs related to bank transfers or other withdrawal methods. Their customer support agents are pretty polite but there is room for improvement, especially on the speed of response. The effective return goes as high as 91% according to them, but I have yet to see an asset which offers 91% profit. The average return is 72%, and some assets go up to 82%. There’s no refund for OTM (at least we couldn’t locate any on most major assets).


Deposit, Payment and Bonus 17/20

The minimum deposit is $250 and can be made through Credit Card, Bank Wire or Skrill (MoneyBookers). 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: it can still go up to 100% but it depends on what your Account Executive decides. 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.


Website Extras 17/20

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.



Banc De Binary Ratings 88 + Regulated (+3) – *Low User Rating (-5) = 86/100

Check out our Recommended Binary Options Brokers


*In case a broker receives a low user rating bots (X<50) our team deducts 5 points of the overall ratings.

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175 Responses to “Banc De Binary”

  1. Lashawn Maes Says:

    Admiring the hard work you put into your site and in depth information you offer. It’s good to come across a blog every once in a while that isn’t the same out of date rehashed information. Wonderful read! I’ve saved your site and I’m including your RSS feeds to my Google account.

    • JamesMcFarlane Says:

      I have withdrawn my money 3 times now and still have not recieved it You say if we withdraw it will take 4-7 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!!

      • Pete Says:


        Did you get your money back from Banc De Binary?



        • Melissa Says:

          I’m now waiting two weeks for my money did you receive your money

      • Di Says:

        I’ve not been happy with Banc De Binary and are thinking toward “scammer” end.
        I invested money into the trading, had one of their brokers who was really rude and pushy, give me trading instructions which I followed. Loss after loss. And they were pushing me to trade larger amounts, deposit more money…which was then put into trades they’ve instructed me on that led to losses again…then I had enough and wanted to close my account and take my money out…and they took a whopping fee which is 80% of the capital left!! Wtf! Have not been happy with the way I was treated.

        • Charles Says:

          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.

          • Gunnel Says:

            I so agree. I feel scammed. Very pushy and unpleasant “account managers” that won’t take no for an answer, but keep pushing again and again to put more money at stake. 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!
            Really offensive behavior. Makes me really mad.
            I think this is not an honest company. Cannot recommend Banc de binary.

          • David Howell Says:

            I got my $250 deposit back quicly with no trouble. I then made the mistake of getting involved with WMOption. Not a peep out of them.

        • philip Says:

          I opened an account but didn’t put in any money but they kept ringing me up which makes me a bit wary when they keep chasing you what do you think?

        • mike jones Says:

          I gave them the minimum amount of £250 to trade for me and advise me. It took three supervisors to leave me out of pocket with no profit to show for. Worse than that they left me with a £2300 overdraft in my bank with daily charges incurred and I cannot pay the bank back this money. They are really unprofessional and I requested my initial fee of £250 to be reimbursed but all they said I could get was £50. 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.

        • Michael Says:

          WHAT????? They take 80% from your withdrawal?? That is so crazy and it’s stealing. ALL my money was traded by them and all lost $8000.00 in 5 mins after following the brokers instructions! OMG!

      • kelvin d Says:

        Same here. 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. What the point when you can’t withdraw? Caution with bdb

      • addas Says:

        am about to open account with them, but reading above that you did not receive your funds, scare me.
        your advice pls

  2. Sun Says:

    Well done! An honest blog will always be welcome!! Thank you!

  3. PISSED OFF Says:

    I opened an account with Banc de Binary a few weeks ago ($500) and opted for the $125 bonus. Big mistake! I am a newbie and decided to withdraw $400 after I was doing ok and was told I could not withdraw ANYTHING until my trading turnover reached $17,000 and I was currently at $1,780. I don’t trade big because I’m not that experienced and I want to be careful with MY money. 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. I was told by customer service that I signed for the bonus and the only option I have is to get up to $17,000 turnover and it would not take me that long. Before I lose all of MY money I will demand they close out my account and return MY money. I was told that if I want to withdraw at anytime without the trade turnover crap I should have refused the $125 bonus. Beware of bonuses because they’re there for a reason.

    • Christine Says:

      Pissed off

      I understand your experience, I think with any broker, do not take any bonus, it is always a trap for the trader.

    • Gus Wieland Says:

      Hi there. I have opened an account with BDB just min silver £250. I got a call to deposit £5000 in order to profit more. 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.

    • sammy Says:

      Thanks for the heads up mate, I’m trying to decide weather to trust and invest in these guys-but one things for sure-there’s always a catch!’if it sounds to good t be true, then it probably is’!

    • Ray Says:

      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

    • Gerry Harris Says:

      I totally agree with PissOff and would also like to enlighten others

      one is PRESSURED to add more money to the account – they said how about this CC – I said it is at max so they tried it and added 3 THOUSAND to my already over the limit CC – so this gave me an “apple product” I have signed papers to that effect and I have yet to see the product

      Binary traders always say we will invest no more than 25% of your stake so you will not lose – YEAH RIGHT BULL CRAP

      here is the deal – you are on Skype with a trader – Gerry something BIG is happening with xxx so put in 8 thous (I had 15 in the account) 10 minutes later – this is BIG – put in 8 to YYY – whoops you do not have 8 thous – how much then put in the 7 as we are going to win big
      BOTH CRASHED Now they will not even answer emails or skype

  4. Cs grey Says:

    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

  5. pierre perpall jr Says:

    hey ,i was told that Banc de Binary is now regulated,is it true?

  6. Tim Says:

    If BDB was so bad, why is it listed in the site?

    • daz Says:

      —-If BDB was so bad, why is it listed in the site?—–

      It’s not there now.

  7. Patrick Shin Says:

    BancdeBinary is running their business based on the assumption that every trader is doomed and destined to lose all eventually
    which is why they give bonus to new clients with such a dirty string attached that a new customer who accepted bonus must trade twenty times the amount of his/her original investment before they are allowed to withdraw.
    Not two times , but twenty times as much before withdrawal !!!

    Before going to BDB, you should have googled and typed the keyword “banc de binary sec”
    Below are more stories about these con artists.

    When tried to expose their personality, they attacked the site by relentless spamming from Israel and Belgium.
    Words are spreading fast that they are hidden
    Take your account, instead, as the “forced” chance of exercising how to trade binary options.

    Over and above all those pitfalls, it is extremely difficult to withdraw money from BDB.

    Deposit is no problem with any and every broker. It is the withdrawal that separates good guys from bad ones.

    For your reference:
    (1)Originally I was attracted to this company by the so called “recommendation” by some broker review website which gave five star rating on BDB.
    It didn’t take less than a month however, before I came to know that it was BDB that runs the review site.
    They are running a trading site and several review sites together.
    What a scheme!!
    Review sites run by BDB are,,, etc, just to name a few.

    (2)What made me rest assured more about BDB was their office location that was explicitly designated in the TrumphTower building, Manhattan, NewYork.
    TrumphTower, Manhattan and NewYork all combined together would make a great reputation and trustworthiness without doubt.
    But you know what happened next?

    Ha….. they were not operating business there. 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 !

  8. richard Says:

    i called them and i was told they will be regulated in a month

  9. John Says:

    Hi guys, how do you explain the BDB is listed amoung the top 100 companies in US?

  10. Sarah Fenwick Says:

    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, and feel free to contact us via Live Chat or any of the other channels available. We’re also excited to confirm that CySEC, Cyprus’ accredited regulator, is processing our licensing application, as it is one of the first EU jurisdictions to regulate binary options. 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.

  11. Peter Says:

    John, they made a fake top 100 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.

    • Sarah Fenwick Says:

      On behalf of Banc de Binary, the World Finance 100 is not ‘fake’, it is a legitimate and well-respected award. Here is a video of BDB’s CEO being interviewed during the award
      And more about the award here:
      You can read all about Banc de Binary here:

  12. Laurent Says:

    They are scammers.

    Waiting since one month for my bonus.
    after 2 requests, still no news.

  13. silverhorse33 Says:

    Banc de Binary does NOT appear on the Worldfinanace100 list, anywhere. The interviewer is never shown, and the interviewee is clearly reading a prepared statement.

  14. John Andry Says:

    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 2012 and will not give it back. They will essentially convert your money to their’s. I can not get it unless I go to New York and sue them for it and hope to collect.

  15. Chris Burgess Says:

    To pierre Banc De Binary is now registered with the FSA for that reason I am giving them a shot at it I think

    • Ralph B Says:

      Chris-how did you do?

  16. Leo Says:

    Yes, it’s now regulated by Cyprus. 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

  17. Andy Mueller Says:

    I was a BDB customer but decided to leave them a few months ago. After my documents were in order, I received my full account $$ withdrawal with no problems.
    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. If you’re a broker, being able to say you are regulated boosts your respectability TREMENDOUSLY and that is not something brokers will be willing to jeopardize with shady business practices.

  18. Bang chango Says:

    Hey don’t touch them.
    I deposited $500 on the premise I would get a full bonus. Didn’t get a thing.




  19. cameron Says:

    Banc de Binary does a lot excellent reviews — by themselves. They are eager to take your money and possibly never let you to withdraw. They refunded my deposit minus 7% (‘handling fee’) after prolonged time. I was lucky not to take any bonus and not to trade with them with real money at all.

    Keep away from them.

  20. Bill Says:

    I opened up an account about six months ago and I have four hundred dollars left in my account.
    As of a week ago I got an email saying that that is broker is not available to US citizens, and now they won’t refund me what’s left in my account.
    So I have nothing good to say about banc de binary.

  21. arkasha Says:

    the post made Sarah Fenwick listing the links with youtube video, they are reading the prompts, they are not being interviewed, he is clearly reading the prompt! Interviews are made without reading anything, you can clearly see their eyes moving when they are reading, bunch of thieves!

  22. Gilbert Dwight Says:

    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. Have been able to make 1 withdrawel but that was minimum ammount of$100 USD . if I had had been able to see any reveiws of this mob earlier I would not have gotten involved with them. Cannot see in the future my chances of ever recovering my money from TraderXP. Keep Away

    • Leon Says:

      Im with you there! Same thing happened to me….Don’t told me you spoke to a David Perry????

  23. Leon Says:

    A couple of weeks ago I opened up an account with Bbinary. I got bombarded with phone calls and eventually I decided to answer. I spoke to a guy called DAVID PERRY; to got a long story short; they tried to deduct $5000 from my credit card and when they couldn’t; tried in chunks of a $1000. This all happening while im talking to the bastard. (I NEVER gave them permission)

    (**Offending Comments Revmoved)
    Anyway; I have reported it to the bank and there is now a fraud case open.

    Never give your number – at least until you are certain

    When you get a call from David Perry – hangup!

    • naim fauzey Says:

      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. And probably it didn’t go through so they made a transaction of 1k USD without my permission. I mean this is already a fraud isn’t.

  24. Wes Says:

    The number one reason that they suck is that they provide support for (or more likely are themselves) spammers. I never heard of them before getting spammed by scum that hide behind overseas throwaway accounts that allow them to steal bandwidth, lie about their identity and harass people who don’t want their crap so they can get their hands on other people’s money. Spammers and their support services are never to be trusted. Ever.

  25. Anima Says:

    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. In addition, they used to have a cancel option, which they arbitrarily removed, and when I asked about it, I was told that it was because I had “abused the option too many times” (Does that sound ridiculous or what? It says nothing on their website about the cancel option being removed if abused too many times. What does “too many times” mean, anyway? Either you provide that option or you don’t. 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, 2013. Today’s date is November 26, 2013. You can judge for yourselves.

    I am voicing my complaints publicly because in choosing your broker, I hope you don’t fall into the same traps as I have.

    • Marcelo Loyola Says:

      Thank you for confirming these issues about their platform and the changing Strike Rate value after you click. 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.

  26. S Roberts Says:

    I found this about Banc be Binary on the SEC website. There’s no denying this trouble. 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’ll look elsewhere.

  27. pete Says:

    they want 5k for vip account which send you tips 90% accurate mmm , i was getting calls from them all the time to sign up ,when i asked for there london address he put me on hold as he didn’t know but he works there,i dont trust them ,&90 accuracy , lets all get rich quick and retire i believe that story every time,

  28. Fulya Says:

    I have an account with bancdebinary firm and after opening my account I received a phone call from their head-traders telling me that they offer their clients a vip account if the client deposits £5000 and they will give trading signals and are helping their vip group members earn at least £500 per day and so I accepted the offer. Unfortunately the trader who was supposed to help me build my account made all sorts of mistakes including avoiding risk to reward rule by getting me to risk £1000 per trade during news announcements and my account balance dropped to £1000! 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. Also it took them 2 full weeks to transfer my £1000 back into my account. This company is a joke and they just take the mickey out of their customers so please don’t even consider dealing with this company at all for your own safety….

  29. Kamila Says:

    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

    I placed the withdrawal order on 3/12 /2013 The order is still not processed on 03.01.2014
    I have received the bonus for depositing the funds when opening the account.Because I have not reached the turnover required by BDb to withdraw my funds +bonus I agreed to take a penalty fee (30% of deposit) Bdb required the verification .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

    In my opinion I have undertaken all actions necessary to close the account accordngly to T&C and withdraw the funds

    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

  30. Roger Says:

    I use B D B with success and I believe they are now registered.

  31. RAFIK Says:


  32. soren Says:

    i joined BDB and put in a some moeny, now i got a personal broker with BDB.
    at first he seem nice, but over a course of 3 months, he only gave me loosing trades. he did not do bankroll untill i made it cleare to him that i only wanted to do safe trades. yet i still only got loosing trades. now im stuck under the contract , so i cannot get what moeny i have left, money out.

    so there traders say they know what they do , but they dont.
    they dont do bankroll.
    they dont ajust to there customers.
    and they will youse every chanse to get more money out of you pocket.

    worst 3 months of my lift.

  33. Bartek Says:

    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. The one good thing, in my opinion, is this, as far as I’m concern they allow you to trade for as low as 1 EUR/US/GBP! Not with a 60 sec I heard but then again, it is more of a gambling then trading ( 60 sec ). Compering that with an average of min 20€ per trade with min deposit of say 200€ it is a good thing. Having a choice of spending only 1/250 of your assets on any given trade is an advantage especially for inexperienced traders.

  34. SCAMMERS? Says:

    ### User Reported that all Issues with Bdb were Resolved ###
    Deposited $250 and was doing well with my trades, then I started using a different broker plus Meta4. Decided to withdraw my money from Banc De Binary account and that’s when the trouble started!!!
    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 2014 I was sent this email;
    Dear Mr.************
    My name is James from Banc De Binary, I read an email that you are experience problems with your account, how may I assist you?
    James E. Green

    I reply to him the same day with my details and guess what!!!
    My account is still set to pending and I’ve had no contact since my reply :-(


    I will no longer be contacting them personally, the matter is now in the hands of my solicitors.


    • Frustrated Says:

      I deposited $250 with BBianary in Nov13. 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. It’s been 2 months. 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. The last person i spoke to was 2 weeks ago and I told him i didn’t want to trade with them and he asked why. I said for a start i don’t believe in the integrity of your company and your lack of communication. 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.You’re number 1 in the queue. 2hours later….still waiting…. I have nothing good to say about Banc De binary.

    • Frustrated Says:

      I dealt with the same guy. James Elliot Green. He hasnt returned my emails for more than a month now. Still waiting. I don’t care about the $250 but what i cant deal with is dishonesty and scams. They are quick to take your money and it’s not like I made $100k and requested a withdrawal.I simply asked for my $250 back. For a company who makes millions I just dont get it

  35. Martin M Says:

    Hi I just created an account, and I am trying to: “Take Position” but everytime I’m doing it it is saying: “Sorry, but the position you tried to open could not be taken due to the option no longer being valid.”

    And it doesn’t matter if i’m doing it when there is 1 hour left or 30 min or 3 min. I can not “Take Position” at any time.
    What do I do?

  36. John D (not real name) Says:

    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.d numerous times the account has not been activated to date(nearly a month). no response no reply.

  37. joery Says:

    I’ve created my account on 2014-04-08 12:06:59

    My regulation Status is aproved. Thus my account is as
    good to go.


    I made my account throw the software of
    Big Cash Giveaway.So far so good.
    They promised me an bonus of 1000€ who i didn’t get yet,
    and I’ve asked on the live-support if it is possible that an
    accountmanager can call me.That i’m been asking from the first day on
    but NO-One didn’t call me yet.
    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.I’ve sended many emails to but had no response till now.
    It’s now 2014-04-14 13:15 and nothing is resolved yet.What kind of Service is this.

  38. nuno Says:

    Please don’t use banc de binary, if you try to perform trade during news release the platform simply hangs and doesn’t submit your order, or worst I did several rehearsals with 3 minutes options and looking for the metatrader and could see that I was in the money but banc de binary doesn’t show any output for almost 2 and half minutes and then puts you out money, and after that you see a suddenly update. I did several experiences like that and the answer from banc de binary was because I was trading in another broker. If you like your money don’t use banc de binary it will burn you out.

  39. Dicko Says:

    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.
    But as we need to be so carefull now on internet, i didn’t trust any comment below the youtube video, and start searching for other defavorable comments and i was linked to this site.
    I’m closing my account right now before receiving some fucking eamils to remimd me somethings.
    Be happy!

  40. Naledi Says:

    Its always important to read the Terms and conditions regarding bonuses. I read on 24 option that you have to trade 40-50 times your initial investment in order to withdraw anything other that your initial investment……..

  41. SCAMMERS? Says:

    Update: 15th Feb 2014
    Finally my payment request has been fully processed and paid into my Skrill account. Hooooray its only taken 6wks :-(

  42. johhny Says:

    After depositing £250 I opened an account with them, After a week i got phone calls every day from a broker asking for £5000 for a group session, I deposited a further £500, as the days when by i was losing money the broker was giving me losing trades.

    I lost £300 in 2 days, i finally told the broker to get lost but he continued to call me every day, so i changed some account detail and put a wrong home phone number. I did manage to withdraw £200 but hav’in problems at the moment as my account is verified in one place but not the other lol.

  43. PAUL Says:

    I opened an account with Banc De Binary, last year September (2013) I have been losing even with the tips given by the Account Manager. I stopped for a while until this year when i deposited $1500.00. 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. But After payment of the bonus the same day with the Account Manager’s tips i lost $4000.00 in 2 minutes then i decided to give the Account Manager a boot to say he must never ever try to help me. I then started trading on my own and have went up to $17 000.00 in my account. 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. That’s my short story with Banc De Binary. They are quick to debit your account but when it comes to them paying you its another story. Trading now on their platform I think it is manupulated, when I place/take a position the rate that i select will be different from the rate the platform will indicate. and when it nears expiry it will either go up /down than the rate I placed and will lose the position and every time my investment will end out of the money. The aim I think is for me to lose all of my money, and I stopped trading waiting for my withdrawal.

  44. Mick Says:

    Hi Everyone,
    Firstly let me say I have recently left Banc De Binary and I have nothing nice to say about the company except, STAY AWAY, I was with them for about 9 months with similar experiences to what Paul mentions in his last post on 9th June,I actually had a VIP account level with $50k, and trust me when I tell you it made know difference whatever, the service was still very average and the constant harassment to deposit more funds is endless with almost daily phone calls, you think after depositing $50k they would be satisfied wouldnt you?, I have never been so angry and frustrated dealing with these people when it came to withdrawing my funds, (no bonus taken, either)it finally took about 6 weeks to secure my money, which seems to be about the standard duration for these cowboys, these guys are truly terrible people to deal with, they treat you with complete contempt and have no respect for you and treat your money like they own it, not you, so called managers would call me and ask me to explain why I was taking my money out, like its any of their business what I do with my money, so to sum it up, stay well away, they break their promises and dont deliver anything they say they will, there are much better brokers out there than these guys, hope this post saves some people the pain of dealing with these total A holes, Mick out

  45. Eduardo Says:

    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.

  46. James Says:

    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. So I opened an account and funded it with the minimum $250 USD. I left the account alone for a while and after a week or two placed a $15 trade which expired in the money. 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. Another week later I see they cancelled my withdrawal request and created a new one for only $250 (my original deposit) as a credit card refund. Due to their behaviour I will not do any further business with them.

  47. Sue Says:

    I hate bdb, i don’t know about their cash account but their bonus is a trap to steal your money.

    I put a $3500 and got 3500 bonus after the first NFP they lost 1000 i wanted to stop then and there but they kept offering bonus after bonus with a high turnover but i just wanted to take my money and go back to forex. but when i tried they said i had to trade 125k turnover 70x my bonus deposit level of 7000 not my 3500 . I was disgusted.
    so they put a new person on me and forced me trade night after night with loosing trades till my 3500 was left in my account i was trying to get back to 7000 so i could tell them to stick their bonus and rewind my account back. But again another new person to to trade me praising themselves to get me back on track again another even and more money lost. 2000 left… i wanted to stop but they bombarded me with offers of bonus and adding more money in my account every minute i was disgusted again.. moreo more more money. was their answer to my losses and blamed the trader prior as not being experienced enough.

    i left it sitting with 600 for months trying a way to trade to the volume which i am at 54k but now where near the level needed. IMPOSSIBLE. 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. Now my account is $55 and again they want me to put more money.
    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. and the trades i was winning on were 5 and 10 minutes trades which binary is good for.
    their is too much movement for 15 minute trades. it is rigged like the pokies. it is gambling. i am now going to persue this through asic in australia to shut them down. they should not be trading or going for regulation with this set up on their platform Also they have slippage of about 120 pips before the close of each trade which will never win.. only give you a few to keep you going.
    in all the trades i did with the other broker they all won.

    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. that is how i won on long trades.. but i am going to persue this and any one else who wants to sue them to get your money back. people power can do. i took money out my mortgage and fell into arrears over 6 months and nearly lost my house because it was suppose to be a short term loan. I am not happy my account is still open and they are still making me to open another account with cash 1000 and put my debit card in debit and accept the payment when the bank and accounts dept ring to verify the amount.. it is fraud as well. they have no conscience and just want to make money themselves. because they make money volume trading win/loosse.


    • Day trading beginners Says:

      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. So I asked how I can possibly open trades when I don’t even know the price as they give you the price you see when you enter a trade. I got no answer. I had three trades opened today, all the same pair and one of the “current prices” was different to the other two, lower and putting me out the money! All very suspicious. 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.

    • John A Says:

      What brokers do you recommend in Australia?

    • Down with BDB!! Says:

      Fully agree!!! How do we do this?? Let’s band together! I hope those bastards get what they deserve. Maybe set up a FB page and see who else wants class action?

  48. Rick Says:

    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.S., but any minimal research would reveal:

    Please note that the SEC receives complaints regarding securities solicitations made by entities that claim to be registered, licensed and/or located in the United States in their solicitation of non-U.S. investors as well as entities not registered in the United States that are soliciting U.S. investors. 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. In an effort to warn the public about these unregistered entities, the SEC publishes information about them as part of the “PAUSE” list ( PAUSE stands for “Public Alert: Unregistered Soliciting Entities.” Banc De Binary appears on the PAUSE list as an entity that claims to be located in the United States. However, there is no U.S. securities firm registered under that name.

    Additionally, as you may know, on June 5, 2013, 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.S. investors. The SEC alleges that Banc De Binary has been offering and selling binary options to investors across the U.S. without first registering the securities as required under the federal securities laws. 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.S. law. Additional information about the SEC’s complaint is available on the following webpages: and

    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. In the interim, you will want to monitor the Division of Enforcement’s webpage for updates on this matter:

    The U.S. 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 2011 through March 2013, operated an online trading website that allowed U.S. customers to trade options products prohibited by the CFTC’s ban on off-exchange options trading. The CFTC seeks civil monetary penalties, an injunction preventing Banc de Binary from engaging in certain commodity options activity with U.S. customers, and other remedial ancillary relief, including restitution, disgorgement, and rescission.

    • Cogs Says:

      Contact a lawyer in cyprus pretty straight forward

  49. Harry Smith Says:

    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. I reluctantly put $5000 dollars in and he gave me a few trades some of which were profitably, some not but they were made with 2K (about 40 percent of my total account). 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. Sloan.

  50. brandon Says:

    JeEz!! Speaking of Con artists,I received a call from a lying,scheming so called ‘representitive’ of banc de binary,her name is Joy Meyers…..she has told me a whole lot of convincing lies,took my $250 and then left me completely alone,apparently I couldn’t get a senior account manager for myself because they focus only on the big investors,I was given a demo account with an expiry of 24hrs(a demo aCcount according to my knowledge should be life long for the trader to practice).they refused to hand me my bonus at first…and when I wanted to withdraw my money,they suddenly gave it to me,which is like an end game,checkmate move…which means I cannot withdraw until I reach $60 000 which is extremely absurdly impossible…….their trading platform seems to be robot and controlled by them as when for example you choose the 60 second timer,when it reaches zero,and its still on ur winning call… says ‘validating’ for another 7 seconds….and then u still loose…..and then after that,when you contact them,you get a message that,they cannot talk to you anymore and unfortunately they have to break all ties……this is a notion of my personal experience just about 2 weeks ago,so yes it is a scam!! Its a money eating business,you’ve read the reviews,these are real ppl speaking the honest truth,In my personal opinion,go 24option as the number one world rated and recommended ligit broker that allows u to withdraw ur initial amount at any time,even the money you’ve won,if you take a bonus,they offer 30 percent bonus,which means u only havta reach a target of $1500 which is greatly at ur advantage and easy to reach,they also give u a life long demo account and u can still use ur live account,u’d be appointed to a senior account manager that will be assisting you personally round the clock,aparently 24option makes money when you make they wudnt be eating ur money and making you loose purposefully like banc de binary…..24option is the way to go,don’t make the mistake I aswell as many ppl did by wasting all of their money without a cent payout in Banc De binary,fake scam artist business

  51. Mo Says:

    Complete farce! I can’t believe I fell for this, I seem to be getting server error suspended for each trade recently since I’ve become a lot more successful. When 90 percent of my trades were rejected with ‘suspended error’ I decided enough is enough. Have been trying together into contact with my account manager since Daniel Charleston but he’s refusing to answer. I honestly thought I’d give it a go and ignore everyone else’s experience but how wrong could I have been, before you open an account read the reviews

  52. Ed Says:

    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. Are they able to do this because we are so used to being told what to do and don’t question anymore? When I queried this with one binary trader (I’ll tell you which one if you wish) I received this reply: Under our own authority. “If you don’t like it, take your business some where else and stop wasting our valuable time.”

  53. Daniel Says:

    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.

  54. Martin Alexander Says:

    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.

  55. Raymond Huang Says:

    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 8.5k. I have had total about 16.5K to trade for the second round and lost a few thousand. 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 5560 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 5560 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 punishment. 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 5560. Incidentally I won 5560 by mistake trading Euro/USD because I was not familiar with the platform. 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 dealings with Jack White as evidence.

  56. Zabka Says:

    Opened an account with Banc De Binary last year. They ‘kindly’, illegally withdrew $5000 from my one account and also from my other bank account. I called my banker and asked him to stop the transactions. He laughed and said “trust me – they are going to try just now again”. JUST as he said that the next sms’s came through that they tried again. Thomas Villa, my ‘broker’, denied everything and said that I requested it. Why would I ask THEM to take money off my account if I could do it online by just clicking on “Deposit”?? Any way – I 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 brokers.

  57. Nancy Says:

    I made my first deposit of 250 euros two weeks ago received a confirmation of receipt from the broker and it was already taken from my corresponding account but until now I don’t know where it was taken. Every time they say they are following up with accounts department which has never gone through.
    I am pissed of and wish they trace it and refund it back if possible because I don’t think I will trade with them.

    • Caroline Says:

      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.g. the receipt etc. showing up in your bank account, they will refund you the money and then get the money back from B de B as you haven’t received your goods. And goods means anything from money available to place a trade, buy a cd, or anything.

  58. Paul Says:

    I have just been rammed by banqdebinary – lost a total of $114000 with them – never been in the black – encouraged to take vip service, but as soon as they operate on you, all lost from day one – first day losses were in region of 40,000 and eventually went down to 6000 – they then said they would put my a/c into “recovery” – beware that just another scam to get even more out of you! Over the last 4 days managed to get over $9000 back, but again traders said that they had a “certain” profit gainer, and they managed to lose everything in one trade….
    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 to tell me my turnover total – despite numerous enquiries, they never revealed it, which again i believe is illegal under the current rules. Also, when I had requested a withdrawal from them, they said that it would be ok, but had to check etc… but then their traders went conveniently “sick” and couldnt get them back.
    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.
    Needless to say, since these trades, cant contact any of the brokers, and they refuse to answer any of the live “chats”.

  59. arnie Says:

    There is something dodgy about BDB, it seems the prices are way off when you correlate it with MT4 which it doesn’t help when you rely heavy on visual charts.The biggest wake up call for me when watching the last 40sec of my trade I 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.

  60. Philip Says:

    My experience was not the best but I got my withdrawal – to their credit.. I was new to this binary trading lark and deposited the required $250 USD. 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. WTF.!? I pulled him up on it a few times and he said that it must be the echo on the line. Which it definitely wasn’t as the accent was american and the broker was not! He was called Harry P from memory. Anyway it was all too fishy for my liking and I finally said that I was not interested when he asked me to deposit $10,000 USD! HA HA whatever I said! I emailed the head of customer service ( was excellent and my initial deposit was refunded to my account within a few days. Looks like I was one of the lucky ones. Oh I did not ask nor receive any bonus… I’m now with Option Rally and all is well. However, I am reading horror stories about them too.

  61. Aussie Says:

    Hi All,
    I traded with them for 3 months and lost 60k.
    All they could say is don’t lose hope, we will make it back. 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? they need your loses to pay the winners of the winning trades. Read or Google what the Forbes group say about binary options. Its gambling your money, the broker has full control on who wins and who’s loses trades. 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 months 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 trades. 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 Finance 100, they 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. Asked my broker and he said, I don’t how who was doing it. Hello – email sent to register, said it was your senior analyst. No comment back. Surprise surprise!!! Not.
    Again do your diligence! You will lose it all, or never be able to get it back.

  62. Pete Says:

    Hi All

    I am glad I found this website as I am now trapped in Banc De Binary Bonus. Going by what others have 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.

    The last straw for me was Friday when my ‘Account Manager’ aka ‘CoCo the Clown’ gave me 7 stock trades and told me other traders go £1000-2000 per trade. 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.

    If anyone has managed to get their money back from BdB please let me know.



  63. Rosie Says:

    they made us deposit 250 but took 307 and change out of our account
    before we signed the online contract. our bank is currently trying to put in a claim to stop it and are canceling the bank card.

  64. Interpole Says:

    Banc de Binary…lost $15k AUD
    people are absolutely bastards…i deposited $15k (i know – i am the dumbest, stupid thing I ever did in my entire life) and lost all money….
    if they promise you any guidance of making money don’t trust them…
    I am sure all the background sounds are setup, they keep shouting from time to time pretending they win stocks for other customers – I DON’T THINK SO – THEY WILL TALK ABOUT BIG FIGURES THIS IS WHERE I GOT TRAPPED AND I LEARNT A LESSON TO BE NEVER BE GREEDY
    they always place opposite bets so that they can earn money and you loose….what ever credit they give you when you first deposit the money it’s all virtual money – they will let you tempt so that you can invest more money
    they will also add you on your skype to chat – this is a pure stunt to gain your believe
    this incident occurred on Feb 5th 2015 – hope this gives an idea about these bastards

  65. Even more pissed off Says:

    On 11 of February I signed for 100percentprofitbot, poor idiot me Sad smile,
    with 500£ deposit to Banc de Binary, as I was assured that bot is working
    exactly the same with one broker as with four. 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. So now I have been left in option loose 500 or make “serious money in
    no time” by making an extra 3000 pounds investment +3000 bonus. I will help
    you, you don’t have to worry about, just follow my instructions, . One
    minute later he came back with “good news” cause he has managed to charge my
    credit card with 4000, I knew already that he overcharged that card for
    about 1000, but I did not want to make him angry, so I kept quiet, I still
    could manage with that debt, as I was assured again that I will be stinky
    reach, by the end of February. So 500 previously deposit made + 4000 that
    night + 4500 bonus, it created nice starting capital of 9000, of course he
    forgot to mention to me THAT FACT: I can make my first withdrawal after
    total turnover of 4500 of my deposit plus 4500 bonus times 20 which adds up
    to 18 000 turnover OMG!!! On Thursday morning 12 of February could not find
    my AM up to 12:30 and I have been receiving emails to sign up DODs and bonus
    agreement with “small print”. At 12:30 My AM contacted me finally, rushing
    to sign paperwork to start trading asap so I did, poor idiot me again Sad
    smile. 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. And now is the best to put 750£ per
    trade. After quiet long argument with him I decided to put 50£ trade to
    check his signals. Unfortunately, due to time of that argument and me being
    “green” on platform, I lost 3 of 4 position down to “bad strikes”. 3 out of
    4 signals I could won if I would place them timely. Now it’s getting even
    more interesting. My AM went ballistic about sh*t trades I put, which are
    going to make him look bad in front of his manager as he sent me “VIP
    trades”, and we are here to make serious money not peanuts, and I have to
    trust him if I want to see my money back ever. Now he reveals “great news”
    about bonus agreement and inform me that, it going to take a looooong time
    to reach 18 000 turnover and he won’t be sending me signals for 50£ trades.
    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 8 171.98. I made
    maths and that day could finish 3 out of 5 win which is profit. Friday 13 of
    February I have stayed with my AM, following his signals with 1000£ per
    trade, most of the day, with over the roof result 9 of 12 wins and capital
    of 11 240.98 as 1500 is on long term trade. Now I have started to see hope
    for me, made quick calculation I saw huge chance to “make serious money in
    no time”, by the and of the March I will be coining my trading account big
    time. On the end of Friday my AM is asking for 1000 £ more deposit to keep
    me on “VIP” signals. So I made another deposit of 1000£ with the other
    credit card which for me is was a very good investment for the next week. On
    Monday 16 of February my AM posted “trades of the day” very early in the
    morning but my account was suspended due to fraud check so I missed them. I
    thought he will be happy that I found requested 1000£. Now he said to me: “I
    need to try debit your credit cards for 3 500£ each to justify sending me
    “VIP” signals”. I knew that one of them is drained out with 1000 over the
    top, and 1000 left on the other one, so he won’t be able to charge anything.
    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. Full of hope I started following his “VIP” signals, 1000
    per trade, with starting capital of 13 240.98£. 6 out of 11 lost. Bad day
    for trading, pull backs must happen. Capital left 10 780.98. Tuesday 17 of
    February 2 out 3 lost his “VIP” signals and he stopped sending me any
    signals about 15:55. When I asked him what happened, he sent me screen shot
    with 3 extra positions open on 16:10, and one sold to limit losses. Could be
    a good day. His excuse was: “I stopped sending you signals because I thought
    you finished for today”. Result end of the day capital 9 500.98. So I asked
    him what is the problem? He said that we are going to have different
    conversation on the end of the tomorrow. I thought I am a human being to I
    do mistakes too. He has promised me to recover on Wednesday. Wednesday 18 of
    February, new day new hope 13 “VIP” signals, most of them 1000 per trade, 8
    losses. Final effect 5860.98 left on my trading account. 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 100percentprofitbot, when my AM
    was begging me to follow his signals, as we need good 4 signals to recover
    to 10 000 level. After 2 days staying on bot 19 and 20 of February small
    recovery 7 out of 11 wins result: 6022.26. Long hours internet research,
    poor idiot me Sad smile again, and realised that boot can blow out your
    account in 5 following losses. Bot stopped. 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.

  66. Vinod Says:

    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 200 or 500 USD they want in the thousands. So I added more funds couple of thousands hoping to get bonus plus direction in trading signals (call/put). 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. 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 200 usd left asked for withdrawal. lol let see what happens. I will keep you all posted.

  67. David Says:

    Hi , Last 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 said , as 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.

  68. Viktor Says:

    Bank De Binary are spammers. They’ve been calling me every day of the week for like 2 months now. Sometimes they call me 2 or 3 times from this number: 00442033188708

    You know what they say about spammers. I will never ever send 1 eurocent to that “company”.

  69. Clive Says:

    I was desperate last year to make money fell for a scam called INSURED PROFITS, to join it said to select a broker, I chose Banc De Binary,spoke to a very nice lady called Sam Taylor who offered to give me a bonus, she didn’t tell me it would screw up any chance of a withdrawal. After this I had many phone calls from many people trying to persuade me to put more money in the account. Luckily I didn’t!
    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. Now looking for a legit Bot to use with Banc De Binary, but can’t find any working ones that don’t require you to use their brokers…
    Pissed off wirh Binary Options now!

  70. Roger Says:

    I would never recommend Banc De Binary ever! I invested a large some of money to make their Gold account, was assigned a account manager Peter Anderson. After numerous phone calls promoting how I’m going to make my investment grow by 80% etc …. etc we started to trade with short term binary trades. Peter advised me to trade £1000 on each trade and taking his advise I traded with this amount on each trade immediately as he sent through his signals. In the first round of trading I won 5 and lost 5. When I reported back my results he said “ok we’ll do a recovery session”…… Yeah right! 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.
    I’m really kicking myself now as the signals I’ve been getting from else where have been brilliant, and if I’d applied those signals at £1000 a time like Peter had advised me, I would be well ITM now.
    My advice to anyone is please don’t get talked into paying more money than you can afford into these brokers. Do not get talked into accepting their 100% bonus as there’s always a catch! And don’t bother with an account manager. If you’re serious about trading online, do your own research. Account managers just want your money, whether you win or lose.
    And guess what, I’ve not heard a thing from Banc De Binary after losing near everything…. Surprise surprise. I don’t think I’ll ever be able to get any of that money back even though I was following their account managers advise. Just wouldn’t want anyone else to be sucked in like I was.

  71. Gerry Harris Says:

    I totally agree with PissOff and would also like to enlighten others

    one is PRESSURED to add more money to the account – they said how about this CC – I said it is at max so they tried it and added 3 THOUSAND to my already over the limit CC – so this gave me an “apple product” I have signed papers to that effect and I have yet to see the product

    Binary traders always say we will invest no more than 25% of your stake so you will not lose – YEAH RIGHT BULL CRAP

    here is the deal – you are on Skype with a trader – Gerry something BIG is happening with xxx so put in 8 thous (I had 15 in the account) 10 minutes later – this is BIG – put in 8 to YYY – whoops you do not have 8 thous – how much then put in the 7 as we are going to win big
    BOTH CRASHED Now they will not even answer emails or skype


  72. Tony Says:

    An unmitigated Disaster….Not Only did I my $30k odd, they lost their so called bonuses of $30k. See actual transcript of my account. I have transcripts of the trades….massive failures despite being told….”we have a room of experienced trader’….each trade at your level must be checked by ‘several experienced’ traders……absolute bunkum….

    I dealt with 3 “brokers” each referred to the predecessor as “trading recklessly”…oh but “trust me…III get it right”….Yeah right….just a hand-over of one leech to the next…each trader recklessly advised huge trades that failed massively and regularly…..the pitch was identical….I just want to make this right….we can fix this……Even when I (foolishly) maxed out credit cards…they would push…just let us try and see if we can get some extra funds….Even though I advised the cards were maxed out….”it ok we will back you $ for $ I need to show my boss you’re committed…(I should have been)….lets just try the (maxed out cards again….at least if it fails it shows we’ve tried”….

    Yes I conceed…under financial pressure…..I let my poor judgement get in the way…..and now I have a $30k debt to deal with….As I said…..unmitigated disaster…trading success…..less than 10% of trades were successful….a financial train-wreck…


    Account Creation date: 2014-09-05 08:07:58
    Current Balance: $2,789.46
    Total Bonus/benefits received: $57,537
    Total Deposits: $47,120
    Last Withdrawal Status: No Withdrawals

    • Christo Says:

      Yep, I can vouch for this.

      They pressurise a person to exhaustion.
      Very , very 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.
      Stay away guys!
      They WILL loose you all your money and then desperately try to recover your losses by asking for more to be deposit.

  73. Nayha Says:

    Here is what happened to me :

    I signed up 2 days ago with a 250$ account. I was OK with taking this risk. After the sign up, a “broker” calls you from cyprus. they convince you to put in more money as 250$ is not enough for them to work with. “too small” I told him my whole story – fact i am not working, have no income, don’t have experience with trading at all, don’t have money to spare & i wasn’t in any hurry to make fast money & most importantly that i cannot invest anymore. To which he says then its not worth it for his company to work with a 250$ account & that i would need to use a software and do it myself.

    I was ok with all that. He calls me an hour later saying that he got good news about the apple stocks & that he needs my money (extra 1000$) ONLY FOR A DAY as it was an opportunity to seize as they got tips. it was a lot of pressure & he had me cornered. He assured me that next day i would be able to withdraw my invested amount back.

    I honestly trusted him. he sounded like a decent genuine guy who knew what he was saying.
    on his word i put an extra 1000$ (which left me with 500$ in my account) – clearly i wasn’t thinking or this guy had me good.. He was a 100% sure that this trade would work. I got convinced and put 1000$ in the account, leading to 1250 – (and since he thought i was NICE person decided to give me a 100% bonus to make my account a silver one.

    Next day i checked my account & to my horror I had 0 balance. I have been messaging him alllllllll day today & emailed him – but he has no balls to come forward & actually address the situation – he is hiding – he knows he wronged me. No reply at all.

    I lost all the 1250 in one day & on one trade & for the senior advisor he is, i cannot believe that someone would treat a client who lost all their money this way…I regret every bit on investment i made with them .

    Remember – they are all SWEET TALKERS!!! once you loose your money is when it hits you. and clearly they all run away after that.

    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.

    GOLD account which is 5000$ is the only account that makes sense to them which they can make money from & are interested in. 250$ & 2500$ isn’t good enough business. all they do is convince you to put more money in your account.

    Also if you are as naive as me & have no market or trade sense, maybe one should stay away from this. Its NOT all that it looks. I could have been making 1$ trades and been happy doing that. 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!!! Fault is mine tho – trusted something half way across the world & was ready to give more than i could afford. In hindsight i regret it deeply & am very very bitter about my experience.


  74. Hori Says:

    Interesting comments, research and opinions about bdb they give a flourishing advert of themselves You don’t need to send money now.” Yes in hind sight all those involved in the trading arena do lie. But interesting basically the client becomes the victim why? As what has been pointed out is the way the process is conducted I surely hope that this isn’t providing funding for other organisations to further their own expectations. Time and unforseen circumstances will deliver

  75. Dushyant Says:

    hello , i started my trade with initial $250 deposit . i tried to trade and now i have $90 remaining , is there any way i can just take the remaining money back ? when i try to login , the site just never opens saying that no trade allowed in U.s ? . ..however , i opened my account from Canada . .please help

    • Prasanna Simha Rao Says:

      Dear Sir / Madam

      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, Cypress , Singapore 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 2015 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. I came across Banc De Binary and i invested first USD 250/- to try and learn Binary trading. 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. He painted a very good picture and me looking for money from July i agreed and invested USD 13000/ – into my trading account. Yes he make it to USD 17K/- and then told me this is just the start. 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. I only need USD 400/- per day for my living. 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 Skype 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. To which he agreed and he called me and asked me to invest on USD/JPY. 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. I tried my level best to tell him no we should not and i need urgently USD 13250/- to be put back to my Credit card.

      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. its Investment + Bonus * 20. which is 23K + 14k * 20 = USD 740K in turnover. I told him this will never work.

      I told them i will trade but they have to give me USD 400/- per day as withdrawal till i clear USD 23K. They are not agreeing and now telling they will give me more bonus to trade. I dont want to trade and please guide me how to proceed.

      Thanks you in advance and i need your help urgently

      Below is the website address they have given to me as address proof

  76. Happy Trader Says:

    Love Banc De Binary’s trading platform, I’ve tried several binary option brokers but this one is my current favourite and although I had read old comments about slow withdrawals my money was processed in 24 hours.

  77. Norman Says:

    Dear sir,

    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 advised 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.e.:$1000 but your trader told me that I would not make money with such an amount and persuaded me to invest $10000 and then if I really wanted to make money a further $10000 on a protected trade.
    I Invested all my money $17500 which your “Professional trader James Carter lost for me in 30 min.
    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.



  78. betha Says:

    l opened an account with Banc DeBinary for £250. They assigned me a manager who then pushed me to deposit more funds and foolishly l did finally deposit a total of £13000,00.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 . l followed his guidelines religiously and lost all my money.

    After l lost all my money he gave me a bonus without explaining to me the terms and conditions of the bonus.l finally had a big argument with him and stopped following his advice. l traded by myself for a week and built my account from 9k to 20k . 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. l would like to know why the regulatory body is allowing Banc De Binary to scam people in this way. They 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. l have evidence of all their emails. l have complained to CYsec and still waiting their response.Please help me so l can make other people aware of this company so they wont fall for it like l did.

  79. Frans de Jager Says:


    I have made trades through EveryOption starting with the required $250. As this is my first encounters with binary trading, I was taking it easy. The first few trades went very well and the amount in my trade balance rose rapidly by about $40 -50 dollars per day. I tested the system and put in a request to withdraw $300 just to see what would happen. They only paid out $250. The exact amount that I started with. I regularly received telephonic requests to deposit more money into the account to”reach my goal much sooner’. 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. Then it happened!! Without my concent they withdrew all the money from my credit card account and went to “aggressive trading”. All the money was lost with a reply that “the markets have turned against us”‘. 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 lost $5000.

    Is there anything I can do or is this expensive schooling money?


    Frans de Jager, South Africa


  80. Sam Says:

    I decided to try out Banc de Binary but was seriously unimpressed from the word go. A day after signing up, I had not deposited the $250 yet, I got a call from an agent asking me to please deposit the money so that they can get me started with trading and send me information packages. 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. From the beginning of the call I was asked my aged as I “sounded very young”. I am 29 years old. She then proceeded to call me “dear” in an extremely patronizing tone.

    After repeatedly refusing to deposit the money that day (Friday), she 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. She then proceeded to say “or there is going to be a big problem”!

    I immediately got a bad feeling about 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.

  81. David Says:

    Please be aware of bank de binery
    I had an account with this form an I was talked into getting an extra $2000 dollars from my pensioner parents
    In turn I was going to pay them back
    A mr Ben p supposedly head broker said I was protected I’ve still got the Skype communication that we had together
    First he said not to trade the account with out him do I did not then I waited 2 months before I started trading ok he goto me Upton $5200 the I did not touch the Monnies I should of withdrawn it then he states if your not going to trade yhen you have no right being on my team I then contacted him to help me with the time zone difference I’ll take care of you buddy anyway as he said he crashed me out of the binery options platform I could hear hos colleges laughing as I sank like the titanic
    The other promise he said was he wanted to get $5000 out of my card so he could talk to accounting I said I have no monie in there he said I’ll get you $2000 bonus he never did and even blocked me on my Skype account
    I swear This is a true statement and it has shattered my confidence in trading I look after my parents and I wanted something to fall back on boy was I wrong
    Yours faithfully
    David Bates

  82. Jason Says:

    I signed up with banc de binary I put in 250 and they wanted me to put in an extra 5000 dollars to have a broker help me trade I didn’t do they say it’s not to use but I know what happeneds when you lose your money 250 dollars then you start using the 5000 dollars

  83. said Says:

    Same here. They Forse me to put more money. Minimum 3k. Otherwise they won’t help as their site sais 250 and you get an account manager to help you and put the trades for you. They let me down so I lost everything except 7 euro. And now I’m suspended to trade again. I’m blocked.

  84. Edward Says:

    This is a message for everyone that has done business with Banc De Binary and related companies.

    I am currently researching customer experiences and ask everyone who has had dealings with them to email their stories to

    While BDB’s operations have a veneer of respectability this investigation goes to the heart of the complaints against BDB, which is their analysts advice and sales techniques.

    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.

    Additionally, there are claims of price manipulation and staff using multiple ‘personalities’ that need to be investigated.

    Again, please forward all information to and pass this on to anyone who has had dealings with this company, not just in the EU, but worldwide.

    Many thanks


  85. Yasmine Says:

    Is it normal to take more than a month to active an account?! I already started trading more than 4150$ and still waiting for the activation and said I can’t withdrawal until thy activate it I don’t know what do , thy keep saying (we r working on it ) from more than one month I think thy are scamming ppl , how can I get May money back !

  86. Bill Says:

    Exactly the same with me, all of the above. They then have the gall to ring later with a new guy who is ‘senior and better’ than the guy who lost your money, suggesting they can get everything back that was lost and then some. Of course they need you to put in another deposit…and again… and again. I don’t believe they put your money in the market at all, their site is their market. 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.

  87. Steve Says:

    Did anyone give all their information. Like to verify who you are even after making the deposit of $250. Like Credit Card details front and back. Licence number front and back. Photo ID. I am a bit skeptical giving all my info like that. But if someone trust them let me know now

  88. N Jones Says:

    Not a good company to deal with at all. In the short time I traded with them, foolishly relying on the recommendation of several sites (that must get a very decent affiliates’ commission) there were often glitches in the system. When the glitches worked in Banc de Binary’s favour then you’d lose your profit…but when the glitch worked against you, then your loss would stay as a loss. I complained, but they just ignored the complaint. If that doesn’t spell “scam” I don’t know what does. Fortunately my losses resulting from the glitch weren’t huge, but after doing some reading I see others have been really badly burned by their dealings with this company – which has been fined several times by its regulating body Cysec. They’ve also featured a couple of times in the Mail on Sunday’s “This is money”. Not in a good way either. Take a look I wouldn’t trust the word of any broker advice site that recommended this company.

  89. Patriciah Says:

    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?

  90. Guenter Says:

    I had extreme bad run with BdB- very pushy to collect your money , more and more and not providing more ( under instruction) than 50% winning trades- total loss next expert calls me same and so on now after 3 experts and “VIP treatment”
    I finally come to the obvious conclusion they are a bunch of self appointed experts and their so called analysts are some drop outs sniffing on something.

    also to withdrawal is the next challenge, a friend of mine who also lost all his money in a matter of a week tries to get his few hundred Dollars remaining since months and is lied to in writing (e mails)- sorry no better review- if you do not want to lose go somewhere else- would be interested to know if someone out there has some better suggestions- always welcome

  91. Ishtiaq Says:

    Hello, I want to bring this to management notice that I have open my account with banc debinary couple of weeks ago. I paid 250 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.

  92. Elsie Says:

    I opened an account 3 years ago with $1000 and stupidly took the $500 bonus, not realizing at the time that I would be required to trade at least $30,000 in turnover before I could withdraw my full account balance.
    Over that time I resisted every attempt to hook up with any “analyst, senior adviser, account manager” or otherwise with a dodgy sounding name.

    I just kept trading my own system when I had time and somehow, despite the odds, manage to make it to the $30k turnover and tripe my account balance.
    When I put in a withdrawal request I heard nothing for a while so followed up with the online chat (no help) then complaints and eventually compliance, who told me that my withdrawal amount would be $1300 less than my account balance as the turnover had not been met. I disputed this and sent them a letter to say I had records of all the trades I did as well as 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 amount was $1300 short of my account balance.

    I have been emailing “Tracey” in complaints as well as compliance and now receiving no replies. 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.

  93. Malcolm Says:

    I started trading four days ago with no previous experience,with a minimum of 250 Euro. I now have sweet FA in my account… From this experience I can only advise others, DON`T DO IT! I`m so glad that they couldn`t access my Credit Card, or else I would be sleeping under a bridge.

  94. Andy Says:

    I’m writing this review here and many other places to stop other people losing their hard earned money. Please read this carefully.

    I deposited £300 as I liked their asset list. 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 deposit more money. He assured me verbally, on Skype and through email that all the risk free trades are secured against the refundable bonus which won’t follow the “20 times” rule. 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. He confirmed it on many occasions and told me that I’m in safe hands. He assured me that I’ll be able to withdraw my entire deposit whenever I want.

    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 a Gold customer. Then he started giving me losing trades every time which brought my balance from £8800 to £400. I told him to deposit my refundable bonus and he deposited £2000 which he made me lose through his risk free trades again. I made £3000 from £400 on my own and he asked me to stop trading on my own. Then he deposited £2000 again and made me lose everything through his special VIP risk free trades.

    I had enough of it and asked him to deposit my entire deposit of £8800. He added just £5000. I called him regarding the remaining balance and he told me rudely that he has already credited total £8800. I placed a withdrawal of £5000. Then I got a call from his so called manager (Marco) who couldn’t speak English properly. After trying to convince me to place more VIP trades through him, he rudely told me that I won’t get my £5000 back due to the “20 times” total volume rule and I have signed an agreement for it.

    Guys, stay away from their 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 to make money through us.

    I’ll upload the Skype conversations later.

    Dear A,


    From: [mailto:]
    Sent: Tuesday, October 27, 2015 3:40 PM
    To: Daniel Lloyd
    Subject: Re: Daniel Lloyd BDB

    Hi Daniel,

    Can you please confirm below in simply yes or no?

    The refundable bonus stated below for the losing trades will not follow any restriction for withdrawal like the regular bonus rule as below.

    (Deposit + Bonus) * 20 < Total volume of trades in terms of amount

    Deposit + Bonus * 20 < Total volume of trades in terms of amount


    On 27 Oct 2015, at 8:51 a.m., Daniel Lloyd wrote:

    Dear A,

    The refundable bonus and your account 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.

    Kind Regards,
    Daniel Lloyd

    From: [mailto:]
    Sent: Tuesday, October 27, 2015 1:20 AM
    To: Daniel Lloyd
    Subject: Re: Daniel Lloyd BDB

    Hi Daniel,

    Please confirm below.

    The refundable bonus stated below for the losing trades will not follow any restriction for withdrawal like the regular bonus rule as below.
    (Deposit + Bonus) * 20 < Total volume of trades in terms of amount
    If there is a bank holiday on Friday, the secured trades will be placed on another day in the same week.

    From: [mailto:]
    Sent: Friday, October 23, 2015 5:22 PM
    To: Daniel Lloyd
    Subject: Re: Daniel Lloyd BDB

    Thank you so much, Daniel. Much appreciated

    Sent from my phone – A

    On 23 Oct 2015, at 14:08, Daniel Lloyd wrote:

    Dear A,

    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.

    Kind Regards,

    Daniel Lloyd
    From: [mailto:]
    Sent: Friday, October 23, 2015 3:24 PM
    To: Daniel Lloyd
    Subject: Re: Daniel Lloyd BDB

    Hi Daniel,

    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 in 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.

    You’ve been very helpful but sorry, I don’t want to earn more money at the cost of my peace of mind. More than money, I have a fear of not getting fooled by anyone. Also, I seriously don’t understand how BDB would make money by making profits for me.


  95. Malcolm Says:

    Hello everyone, just to say a few words about BdB. Last week I decided to
    invest, sorry BET with the BdB. After placing the minimum of 250 Euro`s the nice lady on the phone asked me if I wanted to go with their Robot or Broker. 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`d been ripped off, and sadly to say I had this bad feeling right from the start. I should have looked for the warnings before starting. these people are very Professional what they do. The Software which you have access to is just like a big slotmachine depending on what status of your financial situation is or how much you invest, sorry, Bet, its fixed to hand out more cherries than bars untill you have nothing left, then they phone you, and ask you to put more money into your account or offer you a bonus, not telling you that untill you reach a certain amount you have no chance of drawing your profit/win out. Look at Utube`s videos, there are some videos about BdB which are highly praised, I`m wondering if the Authorities are on to this

    All the best Malcolm

  96. Clarence Says:

    Banc De Binary claims to be a leading Binary Option broker..however this is not the case and their strategies are horrible. 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. The account manager’s prompt you VIP signals. These signals so not work and 90 out of 100 trades are loss. If you try to withdraw they will hold you up for bonuses taken..which you never have taken OR simply ensure you lose the trades..while the broker makes the best out of the wins and keeps his brokerage while you loose your investments in the wind. I plan to blacklist the sites in UAE and gulf regions with authorities stepping up to take these companies to task.

  97. Boris Shostak Says:

    Robert Gonsalves, He made a trade w/o my knowledge or consent lost over 10,000 and aparently was fired and no one called??
    So what happened. Boris Shostak

  98. Maria Says:

    i opened an account with Bank de Binary last year with an initial deposit of $250. soon after that i received a call from one of the brokers who pitched how i can make risk free trades ( he did not mention a policy about bonuses at all). i deposited $4000 US in total. all the trades he recommended as an expert failed miserably. in fact i found i was better at it myself. to get my money back i decided to keep trading to get to a certain turn over required. i asked for a withdrawal at some stage and got $1600 out. then they automatically closed my accoun because according to them i broke the rules. their communication was terrible. also when i started high frquency trading and doing well at it the website would freeze and that also resulted in losses. It was quite an expensive lesson to me. i must say i did enjoy the trading aspect of it, educating myself on trends and the markets. However you have to read terms and conditions very carefully, never accept the bonuses. Basically do your homework very diligently especially if you are investing more than $500 as that’s just too much money to lose. 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.

  99. Tasneem Says:

    I’ve recently subscribed to this trading and after reading comments and posts, i’m simply wanting to claim my money back.

    Any suggestions??

  100. Phil Says:

    i set up an account with them 4250 USD after loosing 2000usd i decided to close my account i got a call from a new account manager Jordan Kenigs complete cowboy said he could get all my money back within 2hrs all i had to do was follow his trading advise so we did 14 trades were we set up the trade and sold it straight away the total pay out was 7080usd all i got back was 117usd the rest disapeared out of my account i contacted the complaints department was was contacted by Tracey Ludlam Manager of Customer Relations she said she would deal with this 1 week later still no contact back ive sent 3 more emails to her still no joy all i want back was the remaining money in my account of 2251usd. im going to the local news paper in Liverpool were i come from as Banc de Binary are now an offcial sponsor of Liverpool Football club and see what happens

  101. Gilberto Lozano Says:

    I am also having trouble with banc de binary.Whenever I want to place what seems like a winning trade because the asset has reached either support or resistance , an “error server ocurrs” and does not let me place the trade.It has happened 5 times to me today.

  102. Marieta Says:

    I registered and paid the small fee for the training material. However the full $250 was presented.(of which I did not”sign” for – the amount must have been changed by one of the representatives. Logging into my account – after 24 hours – the amount of $250 did not reflect on my Banc De Binary account. 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 was told “not to worry I am in good hands” However, I received another email requesting the $250 payment. I send them proof of the transaction reflecting on my bank account. So far I am anti Banc De Binary.

  103. C A Cook Says:

    I joined with the initial 250$ and a trader from BdB phoned me after a few days. I was asked how much I had in my savings ( his opening conversation) . He was very persuasive and I transferred £2000 which he said would get me started with trading. I followed his instructions and yes my account rose by 1000$ by the end of the 1st day. 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. However, after much persuasion , I transferred another £3000. 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. Etc.
    I watched my account go up to over 21,000 $ but at the end of the day after a final push by the trader, even though I queried the fact that he was placing large sums on each trade! my account showed only 2.10 $ , what !! My entire savings had gone and so did the trader. He ignored my emails. I was left to worry and fret the entire weekend. On the following Tuesday he phoned saying the market had gone against us and he’d arranged with his seniors to offer me a bonus IF I invested another £1000 . I told him I had no more savings, he then said the other solution was to give my account a bonus of 700$ to try to retrieve money for me. I agreed as I couldn’t lose all and again went along with his dealings. The account went to 1800$ and i hoped things might be looking up. Again though, his instructions were to lose me everything and again he went silent, not answering emails . So I lodged a complaint directly but they have said it was I who played the market and I could’ve stopped the trader, told him I disagreed etc with his instructions and that at the end of the day it was MY fault that I’d lost the money. 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 ?

  104. Muhammad Umair Says:

    DO NOT BELIEVE WHAT THEY SAY, trade only if you are experienced enough.

    My Story
    I deposited £250, I am a newbie and do not have any experience. Anyway I signed up deposited my money. And next day I got a call from my account manager Philip Alexander. Saying he got some trades today which can give me 92% of profit, and he will only give me that trades if I put £5000 into my account. He said trades are 100% guarantee and if I loose the money the money is INSURED and I will get it back. Looked good so I took a loan of £5000.00 from my friend. He promised me if I loose I will get £5000 in my account next day. He sent me some paperwork which I signed and found out that INSURED money is not insurance which is trading bonus and I can only withdraw after “UNKNOWN” trading volume. 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. Was very happy the actual return was 71% not 92%. 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. Was very happy seeing £15K in my account. I was still waiting for withdrawal. Next day again my account manager called and said today he got trade with 100% success but I will have to put all the money in otherwise he wont let me withdraw and will not give me any trade with less money. 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 said 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 deposit. 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. Anyhow after long arguments he agreed to deposit £3000 in my account which he said I cannot withdraw and I will have to meet the trading volume condition which is 20 times the bonus and deposit. Mean I will have to do the trades of £150K + to get the money back, which is nowwhere mentioned. He promised to give me trades and we will be able to get the money back in 3-4 weeks as per his information trading volume is actually something else and I will not have do to trades of £150K. Anyway he promised and never got back to me. He sent me his skype ID and for the trading signals. I got a text and saying I will have to trade with £3500 minimum to get the 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 US), because as per US regulations brokers cannot make money if trader is making loss.

    Anyway, I just wanted to share my experience. I have I am stupid

  105. SEH Says:

    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). Now I’ve several times received calls from a UK number (+442033180608) which I’m pretty sure is BdB. I will not answer!

  106. Fevol Says:

    Hello all,
    i’ve written a review about banc de binary an the following lines are my Conclusion:

    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.


  107. Says:

    Hi…..I joined banc de binary in the year 2014…everything was going well, but then something tragic happened..
    They took EUR 1474.69 from my account, which was very unfair ….when I asked them about that particular transaction, they said your request has been sent to the accounts section. An other week passed, I was loosing patience , I send another e mail, they replied promptly and explained that it was because of Xmas period. And again , they said your request has been sent to the accounts section. I received this reply on 05/01/2016. 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 :

  108. Marcel Says:

    This is my experience with BdB;

    The account manager gives you the feeling he is there for you, to help you succeed. Over and over he tels you “we only make money when you make money”. 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: “We need to double up as soon as possible so you will become a VIP trader”.

    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!

    But no worries, the trade was insured, right?

    Yes, but now your real money turned into Bonus money and you cannot withdraw that!

    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. The account manager behaves like he’s doing this especially for you to recover the losses.

    Again, you will loose! And more bonus (fake) money in your account.

    Then he has more good trades and signals for you to loose all that bonus money too and of course you get a call for another ‘sure’ trade when you deposit more.

    In the mean time he recommends a zulu trader who will blow the rest of your money!

    So, stay away or go against the signal!


    A good account manager will always advice you to trade with a small percentage of your investment portfolio.
    Also; Do not trust the first ‘review’ you can find cause they are most of the time marketers with their referral links all over!

  109. Sridhar Says:

    I deposited $5,250 in Banc De Binary. I did not participate in trading and requested that they return my money. I received the entire amount in 7-10 days.

    • Jey Says:

      Sridhar, what is the procedure to withdraw the deposit since I too did not participate in trading
      after reading the reviews?

  110. Andrea Blunt Says:

    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 (CFTC), National Futures Association (NFA), Securities 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 for full assistance on how to get your money back.

  111. Cheryl Says:

    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.S. SEC (Securities and Exchange Commission) before investing even one of your hard earned $/£’s etc.✓&affiliate=secsearch&query=banc+de+binary.

    If you read any of the articles, I suggest reading the first one, where U.S SEC explains all.

    My heart goes out to anyone who has already lost with this company but hopefully this will stop any more losses.

    Be safe and keep smiling
    Cheryl x

  112. Ray Says:

    Huge deposit requested (£15000), which just so happens to be the limit on my credit card! Only then would I ‘get help’ to trade. Over an hour of saying no before he got the message. He knew I was an unemployed newbie. Scandalous.

  113. K ALI Says:

    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. In this trading session, as I am new to this trade, he took through certain sessions and in an hour without me cancelling my request for withdrawal, all my USD2,500/- was wiped out. 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!

  114. Cheryl Says:

    Hi guys

    This is an update to my message dated 26th January 2016, page 28, please read first.

    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 (

    I emailed her and she emailed me back within hours. I advised her that I thought I wasn’t receiving the service I was promised and explained that Philip Marcus my account manager had lost my $250 deposit 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.

    However, I will be researching very carefully now before I re-invest the $250 dollars in stocks.

    Hope this helps

    Keep smiling
    Cheryl x

    • diana Says:

      You are very lucky and some of you definitely smarter than me. My first broker helped me to make about $14k and when I tried to withdraw, I was asked to trade as they have put up contracts. Another broker did the trade for despite I kept saying I don’t want to. But because I have more than $50k in the account besides the profit, I have to trade. Made $114k but was asked to trade again. And what happened? All the trades lost and now I am asked to put in more money to recover. Do I stop and find ways to pay my credit cards for the amount totaling close to $70k due to exchange rate or put in more to recover? I wish I read all these reviews first.

  115. Hendrik van Niekerk Says:

    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. Please help!!

  116. ronald bosveld Says:

    i wished i had read all the complaints first before i lost $16000usd with in 25 min
    with a broker he is tom lee one of the seiner brokers then put more in to recover my loses another $8000usd which was lost in 40min now he wants me to put more in so we can recover our loses this sounds like a scam to me after i read all the other complaints he did put me on protected triads for $8000usd but that was gone in 2 triads so it was worth nothing at all not happy at all with his performance do not recommend banc de binery to anyone steer clear of them and find a better broker like porter finance at least i bubbled my deposit in 10min with a broker and they are covered when he tells you what to triad all the best hope you listen if you want to make some money and not lose it so fast

  117. brian Says:

    iv recently had a very bad experience with banc de binary resulting in me loosing over 10k uk pounds in 2 weeks.
    i kept being hounded to invest more after i lost, being told i could make it back on the next vip trades, being manipulated constantly.
    i also mentioned to the company that to get more money i needed to get a loan to which they leaded me on to doing. i lost again

    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. after this i would have a different account manager telling me hes better then the others and we need to fix my account with the losses.

  118. Magnus Says:

    Be aware, look at this and help to spread it. Announced 2016-01-27 at

    Settlement €350.000

    “A settlement has been reached with the Cyprus Investment Firm Banc De Binary Ltd
    (“BDB”) for which there was suspicion of possible violations of the Investment Services and Activities and Regulated Markets Law of 2007 ”

    You can read what the settlement concerns in my posted complaint. Very interesting.

    I’m right now in a protracted process with them if you have the strength to fight a bit so maybe it can be worthwhile and you can get a small amount of money back. It’s tough, I have gone on a month now, but improved the first offer I got pretty much until today. But I’m not ready yet. 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.

  119. Ray Says:

    Had four fairly aggressive calls from BdB today. Three yesterday. Can hardly hear what they are saying because of background office noise. How many are they employing to get at my money? They have also put caps on my trading (max £10 per trade)! Weird. I won’t be using them in future.

  120. saeed Says:

    just sighneed up tor bdb and dont know weather to deposit any funds after reading this

  121. JL Says:

    Yes all of them are crooks.i called the customer service 2 days ago to ask for my 500 back.i am new & I have not yet starts trading yet.Today a Aaron Torei called me saying he wanted to help me withdraw my 500.I the end he tricked me into trading & lost all the money in 5 mins without knowing what is happening.Now he wanted to offer me free bonus to get my money back.But I have to sign a agreement with them & send back the document.anyone know how to close the account?

    • Michael Says:

      You can’t close an account. Just walk away. They will eventually delete you I guess. I lost $8000.00 plus in 5 minutes! Wiped! 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.

  122. David Howell Japan Says:

    Do not invest with Banc de Binary unless you invest at least $5000. I put in $250 and ended up with Channel Ranger, which is a complete scam. My “account manager”told me I must invest at least 5000 to make a profit, so stay away unless you are already rich. They are not interested in the small guys.

    • Michael Says:

      Yes they have no interest in the small guys. Only the rich who can afford to play hard and deposit huge amounts. I laughed when I was expected to deposit $20,000.00 after losing $8,000 plus with BDB. What a joke.

  123. Izza Says:

    I’ve been so unhappy with BDB…the broker keep calling me at 4:00 am telling me we have to upgrade and deposit more money into the account so we could start trading. The broker told me the quicker way to deposit money is to use the credit card…my credit card is maxed up to the limit which is 19,000 CAD (13000 US) for 28% interest rate…plus I gave another 10,000 CAD (7000 US) cash for my savings. The first and second trade was fine, my money went up to 50,000 US but for the 3rd and 4th trade., everything was lost. I only have 400 US left in my account and with credit card debt to pay. I am so broke.
    The broker told me I am 100% protected If ever I lost. Nobody returns my call anymore. 24/7 help is a lie.

  124. Kirk Adaman Says:

    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.

  125. Thabiso Says:


    now, could new investor put his or her own money is such investment/ where you don’t know when to withdraw your money? worst when your money is released you got charged 80% penalties? Terrible why would the broker demand more more?

    I am putting my money where investors had been mistreated and never got their money!!!

  126. Oli Says:

    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.

    • Michael Says:

      I agree with you Oli. This company is SO shonky and suspect. My account of $8000.00+ was emptied in 4-5 minutes!!So no even trying a withdrawal for me. These people will steal millions of dollars if they had the chance I’m sure. The broker simply instructed me (I thought he knew better – I though he had access to charts candlesticks with signals and algorithms etc..obviously not, as all the $500 and $1000 trades all done in 5 minutes went out of the money! I won 3 , but 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.

  127. Michael Says:

    I tried Banc de binary because it was “recommended” on a few websites. The company is regulated. So what! At first I thought BDB was a decent company/broker but the broker I had was rude, rough and most unpleasant to deal with. Always calling me. Always asking me to deposit more money. More money. More money so we can trade bigger. Bla Bla Bla. 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…. After depositing $4500.00 of my own money and after receiving a “bonus” of some $4300 I had $8800.00 in my account. (The bonus is only play money anyway which you can’t withdraw, so I was not too concerned about that…)The last deposit of some $1500.00 was put in after a promise of some great trades coming. I emailed him as I did not get any calls. Then I got THE call… he suggested trades and watched my PC screen on Skype share screen and promptly made me do trades with a currency $500, $500, $1000, $1000, $1000, $1000, $1000 etc etc…it went on and on and I TRUSTED HIM! He suggested 30 SECOND TRADES! This is ridiculous I thought…he was pressuring me to HURRY…So after 4-5 minutes I LOST ALL MY MONEY – I lost $8500,00 in the space of a few minutes! 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? It’s all gone…these people don’t take no for an answer! So after this experience, I feel that Banc De Binary is surely a SCAM broker – in other words they freely take money from people, they don’t deliver any results and they are so UNPROFESSIONAL. I am taking up a scam/fraud case with my credit card company as this is indeed stealing money under false presences. My advice: DO NOT DEAL WITH BANC DE BINARY

  128. William Says:


    I opened an account with $250 with BdB & was told I could have a demo account,
    I never got it, when I asked for it all I got was phone calls from 3 aggressive account managers saying I had to deposit more funds to qualify for the demo account, when I refused to add more money, one of them said why dont I take my money out and go to a casino

  129. renee Says:

    I invested 250$ in march and am still awaiting a call from an advisor.I have emailed danny and asked him to refund my money..waiting with crossed fingers that they refund.

  130. shane Maurel Says:

    Well, where do I start….. I guess from the beginning would be best.

    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. Do not attempt to trade/gamble if you do not have a job and also if you know nothing about the stock market let me be quite clear about this, because then you are chasing money rather than being intelligent in your choices.

    Straight away I had several account managers phoning me and asking me to deposit money. This I did initially with £250. I then got an account manager called Leo Harris( alias Shark) who called me. He said that I need to put in another £100 to get me into the BRONZE category which gives me better trades. This I did…..

    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??? Bullshit really! He phoned me each day talking and being rather friendly so I thought it can’t be bad and I was looking forward to ‘trading’. This happened on a Thursday, and on Friday Leo says to me, can you put another £5000 then I can give you a bonus of £1000 and this puts us into the ‘GOLD’ class group which gives us better trades. Well this was done, and after all paperwork and verification was completed we got trading. £500/trade – fast trades. After all was done and dusted I was sitting under £6000?? This should have been my first warning sign but I did not heed the small voice inside.

    The following week Leo phoned me up again and asked me to deposit another £5000 to put me into the “PREMIUM” account category( I was thinking that if this was a good way of making money then why can’t we build up my money from trading? – another warning sign that I chose to ignore). 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 was also sent bank charges of £29/deposit made which was not explained to me from the onset.

    So I borrowed £5000 from a friend who knows me really well and knows that I am good for my word, so he gives it to me. I then deposited it,( I am sure that Leo is now rubbing his hands together). He tells me that he will phone me at certain times which he doesn’t – he phones me when he chooses( another sign I ignored). 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 13.30, Leo phones me at 9.00am and tells me of this and that I must expect him to call me before that time to trade. He has also told me that he has added another £5000 bonus to my account, so I have now got £16000 to start trading! WOW! ( I have not read the terms and conditions of the bonus yet, but that is yet to come!)

    Leo did not phone me at 13.30 which is what I expected, but he did phone me at 17.30pm when I was packing up my computer and readying myself for the weekend. 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. I am now walking around in limbo as we were trading huge amounts £1600/trade and we exhausted the entire account. He calls me back 10 minutes later and says are we ready to trade, I have a look and we have £6000 and I said to him we made a huge loss, he reassures me that just be patient and watch and sure enough as the trades came in the account balance rose to £22000! 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! ( another lesson to be learned here guys – a good trader will diversify his trades although one can make money on just one asset, and will also not use his or her total account balance). So we exhaust the balance yet again this time £2000/ trade.

    So here comes the finale, I take Leo’s advice( after all he is the expert) and whilst he is on the phone we trade to his advice. 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. WELL…. I found £5857 left in the account and only the last two trades came in!! I was shocked. This is when I realised that I could have lost the whole lot in just 6 minutes.

    Leo phones me on Monday morning and says well that did not go well, but if you can put in another £5000 then we can get back into the ‘best’ trade bracket again. I could not believe what I was hearing. I said to him that if you had left it there at £22000 then I could have paid that person back, he tells me it is risk. So I asked him why don’t we trade and earn that money back, and he tells me that the better trades are reached when you trade with bigger amounts. I told him that no I can’t do that. 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. A few days later I have an email from a ‘PLATINUM’ account manager Brian Lewis who says that he has been asked to help my predicament. 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. I can’t take my money out, manipulated trades and after reporting my suspicions to my newly appointed account manager who is obviously not concerned due to his silence now, I find that I am now on my own in this huge trading world! 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. Trading is whereby you buy goods or services for another in the hope of gain/profit. Here in Binary trading, one is only placing a ‘bet’ on whether that trade will go up or down that is it. If you get it right, you win your money back plus a small percentage – 70 – 90% is small. I say this because here are some other things that you should look at doing if you are a gambling man. If you buy stock and shares you can gain up to 5000% of your investment. 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? Who gains it? 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 :)

    By the way have a look here;-
    US regulatory an legal issues

    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. Banc de Binary’s UK Companies House report says that they’re based in Cyprus.

    On 6 June 2013, Banc 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: Binary Options and Fraud) the CFTC also warned consumers of “fraudulent schemes involving binary options and their trading platforms”.[2]

    Have a great day guys and good luck.

    • Investor Says:

      Hello. 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 !

  131. Ron Says:

    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.
    There is no customer support at BdB & the staff are aggressive & rude.
    Good luck everybody & let’s all stand together to wipe out these unscrupulous companies.

  132. bob golding Says:

    as regards bdb’s bonus the rules are there in the t and c’s 20 times the deposit. or if you deposit 250 and take the 250 bonus you have to have 10000 before you can withdraw any funds. you can withdraw before then of course but you lose out doing that.

  133. Diana Says:

    I made the mistake of clicking on the online wealth markets link thinking a low fee of $10 to activate an account which allow me to understand what this secondary income scheme is about. Immediately, an account manager called me and aggressively made me deposit $250. After that a senior broker kept calling for more than a week. She said that she need me to deposit $10k in order for her to service me. From there she kept pushing till i charged $50k to my cards. First trade last week, i made about $13k. 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. Along the way, i already wanted to stop but he just won’t allow me to do so. He insisted to do a 2nd trade and guess what, lost all of the $114k. Today, i am waiting for them to respond to me how much they going to pay me as the $50k is supposed to be protected. On the other hand, my credit cards payments are due. This is really a very frightening situation to be in. I am not greedy and happy to leave with a little profit but now, faced with uncertainty on my $. As such, be careful with your money and how you use it.

  134. Gerry Says:

    I agree with the comment that you are pressured to add more money – to the extent they pushed my cc way over the limit (they kept taking $1000 USD per time)
    there is no money management – at one time I was TOLD – URGED (not quite forced) to “invest” ALL my cash in three trades they ALL lost

    I added $$ to the account and was supposed to get an iphone I have the papers to prove it but was shuttled around and around and never got it – When I lost all the money the account manager would not answer skype or phone calls or email

    I tried to take $$ out – and got the run around

    Gerry in Canada

  135. John Frewer Says:

    BDB are terrible. 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.

  136. Arash Says:

    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.

  137. VTaylor Says:

    Ask for the valid ARN number, insist more, they should get your money back.

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