We have recently received complaints and read many negative reviews on the internet about regulated binary options brokers using indecent practice towards traders. Although some binary brokers may be regulated, we do not recommend opening a trading account with ANY broker, be it a regulated broker or a non regulated broker, as THEY ALL seem to be unethical and non-trustworthy, even the regulated ones! If you have been scammed by such a company you can check out our RECOVER FUNDS FROM BINARY SCAMS section.

Also, instead of trading binaries which are mostly scams, you can trade with a trustworthy and popular FOREX broker such as STR Capital.

CySEC Announcement: Renouncement of the authorization of Banc De Binary Ltd

It’s Official – Banc de Binary Shutting Down

See original CySEC document here

CySEC – Cyprus Securities and Exchange Commission has posted an announcement today regarding the licensing and regulation status of Banc de Binary on their website []. The announcement is as follows:


The Cyprus Securities and Exchange Commission (the ‘CySEC’) announces that, on 9 th January 2017, the Cyprus Investment Firm Banc De Binary Ltd (the ‘Company’) renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007 (the ‘Law’). As stated in the renouncement letter of the Company, which provided investment services via the domain, its authorization with Νumber 188/13 lapses as from 15th of January 2017. It is noted that, in accordance with section 25(4) of the Law, Banc De Binary Ltd remains under the supervision of the CySEC until it settles its obligations arising from the investment services or/and activities that will lapse.

Nicosia, 11 th of January 2017

Client Funds

Clients that still have funds in their accounts have been asked to withdraw their funds and both Banc de Binary and CySEC have said that there should be no problems whatsoever with client withdrawals. Banc de Binary has ceased to accept new clients and is now officially shutting down.