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  1. #1
    star is offline Public Member
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    Default BEWARE - Banc de Binary

    Hi,

    it appears that this is one big fraud operation run by lowlifes.

    http://www.scambook.com/company/repo...Banc-De-Binary

    They are actually "Speaker Hall Sponsor" at Finacial Partners Expo.

    http://www.financialpartnersexpo.com...itors-sponsors

    Everyone promoting this pathetic enterprise is ruining the reputation of
    his/her website(s) in my opinion. They do not even honor payout requests
    of those who did not accept a bonus in the first place.

    Do these people really have to be part of LAC?

    European Headquarters
    1 King Street, London EC2V 8AU
    +44-2070992097

    Later
    Last edited by star; 8 January 2014 at 7:54 pm. Reason: address

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  3. #2
    grem's Avatar
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    Default

    Can you summarize why they are scammers? Too lazy to click the link and I'm sure others would appreciate a summary if there is a good reason to not work with them.

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  5. #3
    star is offline Public Member
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    Default

    Well,

    their customers report all kinds of problems and issues but the one
    that repeats itself over and over is Banc de Binary's denial to release
    initial deposits, to customers who did not receive or accept a bonus.

    http://www.forexpeacearmy.com/forex-...nary-scam.html
    http://www.forexpeacearmy.com/forex-...our-money.html
    http://www.forexpeacearmy.com/forex-...-my-money.html
    http://www.forexpeacearmy.com/forex-...nary-scam.html

    https://www.google.com/#q=banc+de+binary+scams&tbm=vid

    http://www.sec.gov/litigation/litrel...13/lr22767.htm
    http://www.sec.gov/litigation/litrel...13/lr22718.htm

    They also provide so-called VIP clients with their personal brokers
    suggesting them trading entries.

    In binary options trading participants are trading against the broker.

    If the customer loses the broker profits. What is the point of a trading signal?

    Imagine a representative of a Las Vegas casino calling customers and
    offering them their personal calibrated winning slot machine if they deposit
    more money.

    Later
    Last edited by star; 11 January 2014 at 10:30 pm.

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  7. #4
    affiliatehero is offline New Member
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    Default

    I have dealt with Ruben from there and he seems to be a very legitimate guy. Binary options on the whole seems like a Finance version of a casino and like a casino it lacks credibility but is very lucrative

  8. #5
    grem's Avatar
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  9. #6
    universal4's Avatar
    universal4 is online now Forum Administrator
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    Default

    affiliatehero, if you work with the right casinos, there is much more credibility.

    Good point star, why would you want a personal broker, if the broker was always trading against you?

    I think that many oiptions sites are geared toward the less saavy visitor, and when they hear the words like invest, broker, options, trade etc they are misled to think they really are investing.

    The fact that players are getting hurt from many of the options gambling sites is no surprise, but just because the affiliates can make money should not excuse players getting hurt.

    Rick
    Universal4

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    -Shay- (7 March 2014)

  11. #7
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    Default

    Quote Originally Posted by universal4 View Post
    affiliatehero, if you work with the right casinos, there is much more credibility.

    Good point star, why would you want a personal broker, if the broker was always trading against you?

    I think that many oiptions sites are geared toward the less saavy visitor, and when they hear the words like invest, broker, options, trade etc they are misled to think they really are investing.

    The fact that players are getting hurt from many of the options gambling sites is no surprise, but just because the affiliates can make money should not excuse players getting hurt.

    Rick
    Universal4
    Offering a personal broker does appeal to the trader as they like the "VIP" feel and treatment. Traders never want to be known as gamblers and feel they are great at what they do when in reality a coin flip in the air can predict which way the market goes in 60 seconds.
    Simon Eaton - Online marketing consultancy with 20 years experience

  12. #8
    covs67 is offline New Member
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    Default

    I've always felt that Banc de Binary is no longer legitimate but the more i keep shut about the matter, the more people keep complaining about their fraudulent activities. I wonder why they keep disturbing me to promote them.

  13. #9
    Pmbo is offline New Member
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    Default

    I speak as I find and I've always found them OK. If you look around the web you will find scam accusations about virtually any broker. I guess the bigger the outfit that you are, the more buzz you generate.

  14. #10
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    Default

    This is really financial version of gambling indeed.
    ... and the odds of winning are not so high around 1.8.
    Prefer to bet on sports betting exchange under/over 2,5 goals with odds around 2.0, for example.

  15. #11
    denuz01 is offline Private Member
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    Why is binary options gambling? If I know the market I have more trades right then wrong. Its not like flipping some kind of metal ball in a spinning wheel with virtually NO chance of ever knowing what is going to happen? Yes I can use 1-3-2-6, or any kind of stupid strategy but thats the same with binary options. If you know the market it is not gambling. That you only know about gambling because in life, your a gambler, that doesn't give you the right to call binary option trading gabling. What about Double Up, Roll over, One touch, if you even know what these features are... You call that gambling? Gamers most stupid answer of saying the odds of winning are not so high 1.8.... what is that about, have you ever traded binary options or are you just a simple degenerate gambler trying to make some with his affiliate site?

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