Is Banc de Binary a Scam?

UPDATE (12.01.2017):

We have found out that Banc de Binary has shut down their operations.

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Old Review:

Is Banc de Binary a Scam?A lot of people associate any type of website that deals with finances and the user has a chance to lose those assets, as a sort of scam. It’s Ok to be wary; after all it is your hard earned money we are talking about. But Banc de Binary is one of the most reputable and highest rated binary options trading sites on the internet; it is hardly a scam.

Here is why

As we said it is perfectly normal to want to be sure about a website that has your many and you are making trades on. Banc de Binary is a regulated by the Cyprus Securities and Exchange Commission and as such it has to adhere to strict conditions or else it will be shut down or banned in many countries.

We are not aware of anyone that has actually accused the site or it operators as running a scam. As a matter of fact it is one of the highest rated binary options websites when it comes to customer service.

That is not to say that there are not some websites that are out there in the binary options trading market that are using less than scrupulous business practices. That is why it is so important to search for and read as many user reviews as possible for ant website that you may want to use for binary options trading. This will only affirm that Banc de Binary has an outstanding reputation as a binary options broker.

The site was designed to not only help veteran traders, but to help novice traders start making profit right away on binary options trading. When you make your first deposit of $250 or more, then you will be given a demo account to practice trading with. You will be able to see firsthand how the website is easy to use and the input that professional traders had with its creation.

You can do all this with the demo account without risking a dime of your own money. Does that sound like a scam to you? The founders of the website have many years of experience in the binary options trading market and work hard at making it the most reputable site as possible.

So its reputation, combined with all the regulatory agencies it’s connected to, make it one of the safest and most trustworthy binary options trading websites online today.

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References and Further Reading:

1. Currency trading for dummies (B Dolan – 2011)

2. Evolutionary Algorithm in Forex trade strategy generation (PB Myszkowski, A Bicz – 2012)

3. Salomon Forex, Inc. v. Tauber-The Sophisticated Trader and Foreign Currency Derivatives under the Commodity Exchange Act (CR Webb – NCJ Int’l L. & Com. Reg – 1993)

4. Intraday Forex Trading Based on Sentiment Inflection Points (PA Hafez, J Xie – 2013)

5. Impact of currency Pairs. Time Frames and Technical Indicators On Trading Profit in Forex Spot Market (RM Krishanan – 2009)

John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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