Banc de Binary United States

UPDATE (12.01.2017):

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

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Old Review:

Banc de Binary United StatesBanc de Binary, while still offered in most of the rest of the world, is no longer offered in the USA. For several years, Banc de Binary offered binary options trading services to its customers in the United States of America, but that is no longer the case.

Despite that, Banc de Binary still remains one of largest brokerage companies online and will continue to offer its many broker services in over 80 countries around the world. They will still be offering their trading services in such places as Europe and the Middle East and plan on doing so for a long time.

The whole process started as a result of claims and allegations by the U.S. Commodity Futures Trading Commission. The US commission stated in their claims that Banc de Binary was offering its many traders with too many options without considering their overall trading experience.

This resulted in an indefinite ban being placed on the broker. The ban held up after an appeal by Banc de Binary that many of the claims against them were indeed false.

While it is well known in the business world that no company can ever satisfy all its clients, Banc de Binary still consistently tries to accomplish that. Their high customer service ratings help to prove this is the case. While investing and trading in the markets does produce its share of winners, investing involves risk and there are traders that lose money too. That is something that is indicative of any online trading site, not just Banc de Binary.

Anytime there is a complaint or allegation against them, Banc de Binary takes it very seriously and looks into the matter. They constantly strive to provide the best trading experience for their clients by offering them a variety of accurate trading tools and an easy to understand and use trading platform.

Despite the ruling to ban Banc de Binary in the USA by the U.S. Commodity Futures Trading Commission, its clientele has steadily grown in the rest of the world. A big reason for this is the fact that Banc de Binary is constantly trying to build their reputation and integrity and will continue to do so well into the future. No timeframe has been set for their return to being allowed to trade again in the USA, but they will continue to work on that.

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References and Further Reading:

1. Central bank foreign exchange market intervention and option contract specification: the case of Colombia (O Mandeng – 2003)

2. Pricing risky options simply (E Aurell, SI Simdyankin – 1998)

3. Corporate policies restricting trading by insiders (JC Bettis, JL Coles, ML Lemmon – 2000)

4. Index futures trading and stock return volatility: Evidence from the introduction of mid cap 400 index futures (TM Galloway, JM Miller – 1997)

5. Liquidity and prediction market efficiency (PC Tetlock – 2008)

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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