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.
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. Amongst the allegations made by the SEC is that Banc de Binary induced people with limited funds, including one unemployed person with less than $1000, to open accounts. Banc De Binary uses SpotOption as their online trading platform, which is an intuitive and easy to understand binary options trading platform.
When I checked the web for complaints about bbinary as well as Banc De Binary Complaints we found a fairly large number of them for example banc de binary withdrawel problems complaints.
Officially the minimum withdrawal amount is $100, it is processed by Banc De Binary usually within two regular working days but it might take additional time (depending on the withdrawal method) until the funds will be available in your account. I don’t know what determined them to have two separate main websites (there are actually more websites - see below), but it looks like a good idea to offer educational material for binary option traders. Enter the brokers name, in this case bbinary or other variations, and add words like scam, fraud, complaint or others to your search. Binary Options trading IS legal in the US, but only if done through a properly registered and regulated exchanges such as NADEX.
Their binary options trading platform offers a built in Option Builder as well as 60 seconds trading.
Banc De Binary is focused on larger trading accounts and the benefits they offer to smaller account size are average at best. To conclude, if you are a trader who can invest a lot of money in Binary Options trading, Banc De Binary might be a good choice.
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