Is Banc de Binary Legit

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 LegitThere is always a natural hesitation when doing financial transactions online. Every day in the news people here about one internet scam or another. It gets to the point where a lack of trust is almost ingrained into any internet users head. It is no different for online binary option traders; there is a natural hesitation before they deposit a large amount of money into an online brokers account. It’s not easy to know if an online broker is legit. So what is the best way to pick a website to trade on; by picking a reputable online broker like Banc De Binary.

Is Banc De Binary a legitimate website to trade on?

There are always some traders that will say a website is a scam because they lost their investment and it’s no different when it comes to Banc De Binary. So how can a person be assured that Banc De Binary is not a scam? For starters you can search for internet reviews of the online broker by other traders; you will find a large majority of them are very favorable.

Banc De Binary also does everything it can to simplify trading for its online investors. Its trading platform has an easy to use interface and can be customized to suit each individual trader’s needs. They also offer a number of outstanding bonuses to their traders when they first sign up, that is not something an un-reputable broker would do. They operate their website with high degree of commitment and professionalism.

Are their complaints against Banc De Binary? Absolutely, but if an investor is afraid to trade on a website because it has a few complaints, then they will not be trading because there is not one online broker that does not have at least few of them. As was stated before, some traders who have their investments turned into losses like to place the blame elsewhere and the website they trade on is often made the scapegoat.

Another thing a potential trader on Banc De Binary has to look at is the large number of success stories and satisfied users; that is the best measure of an online broker’s legitimacy. Banc De Binary also backs up their commitment to their online traders with an excellent customer service department. They are easily accessed and highly skilled at solving any problems their member investors have.

With them also having a positive reputation with CySEC and FSA, all an investor will have to worry about when them as their online broker is making successful binary option trades.

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References and Further Reading:

1. Myths about the Micro Approach to Exchange Rates (MDD Evans, RK Lyons – 2008)

2. Event-driven business intelligence approach for real-time integration of technical and fundamental analysis in forex market (M AbuHamad, M Mohd, J Salim – 2013)

3. A Step-By-Step Implementation of a Hybrid USD/JPY Trading Agent (RP Barbosa, O Belo – 2009)

4. Forex Market Development–Issues and Challenges–Thoughts of a Returning Forex Market Regulator (G Padmanabhan – 2011)

5. An implementation of genetic algorithms as a basis for a trading system on the foreign exchange market (A Hryshko, T Downs – 2003)

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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