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Banc De Binary is a Scam.

Discussion in 'Scam Alerts' started by R Sethi, Jul 6, 2013.

  1. sst36

    sst36 Recruit

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    Unfortunately I checked this website a little too late. I tried to cancel my deposit immediately (made via credit card) by notifying both the credit card issuer and Banc De Binary. It has been just one continuous runaround of false promises. Like the previous poster, I have made no trades and am not requesting any bonus or anything as such - simply a return of deposited funds. I have filed a complaint with CySEC (Cyprus Securities and Exchange Commission) I am reasonably sure that the commission is toothless but at least it should raise the profile of what is, to me at least, a fraud.
     
  2. Pharaoh

    Pharaoh Colonel

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  3. sst36

    sst36 Recruit

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    Just an update. I saved all the chat sessions. it was recommended by my issuing bank to first request that the account be closed. The rationale is that by making the request then funds must be returned. When I made the request to Banc De Binary to close the account, the response was that there was money still in the account and that the only way to close the account was to withdraw the funds first. I kept insisting that the account be closed immediately and they finally came back with the withdrawal of funds first was their "policy". Once I submitted the sessions to my credit card issuing bank, the bank reversed the charge. For those who have made a deposit via credit card, Pharaoh's advice is sound. Contact your issuing bank and dispute the charge. Ask what documentation is needed to demonstrate fraud. (for me it was the chat sessions as Banc De Binary never replies to emails) For the life of me I cannot understand how this broker remains open.
     
    Emily simmons likes this.
  4. Pharaoh

    Pharaoh Colonel

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    Good job on the chargeback. I hope you filed with eConsumer.gov too. The more people who file complaints there, the more likely some regulator will have enough information to take action.
     
  5. dn73

    dn73 Recruit

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  6. paulm1162

    paulm1162 Sergeant

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    BDB are meant to be regulated by the FCA as well as CYSEC if i am not mistaken.
    So if they still play games you should contact one of these and report them and they will look into it also.
    I know how you feel as i have been scammed as well,

    Paul
     
  7. Pharaoh

    Pharaoh Colonel

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    They did somehow get a Cysec license. I haven't heard anything about them being registered with the FCA. If they are, that's one more place for victims to complain.
     
  8. FxMaster

    FxMaster Lt. Colonel

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    Did you sent them an invitation to join this thread yet ?
     
  9. fxview

    fxview Recruit

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    It is registered with the FCA through MiFID outbound passporting, you can find the listing on the FCA register (still hosted on the old FSA site) https://www.fsa.gov.uk/register/firmRegulator.do?sid=314566

    Though I have heard that at least some clients who aren't from Europe are actually dealing with an offshore subsidiary in the Seychelles, for those in such a situation there may be little that CySEC and the FCA can do.
     
  10. sirjames

    sirjames Recruit

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    Hello, is anyone posting messages regarding Banc de Binary?

    I believe I have been scammed too. I am seriously interested to hear what steps are each person taking to try and reclaim their money back.
     

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