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| Company type | Private |
|---|---|
| Industry | binary options |
| Founded | 2009 |
| Key people | Oren Laurent (CEO) |
| Website | www.bancdebinary.com/ |
Banc De Binary is an binary options trading company headquartered in Cyprus and Israel. Investors using its service take bets on future prices of gold, oil, stocks or market indexes and are paid a return if their predictions come true within a set amount of time.
History
According to Banc De Binary's founder, the company was founded on January 15, 2009. In June 2010 it introduced an online trading system at Bbinary.com.
As part of an increased effort to regulate prediction-based trading following a lawsuit with Intrade, Banc De Binary was sued by the Securities Exchange Commission and the Commodity Futures Trading Commission. According to the SEC, Banc De Binary said it has 250,000 investors in 2012 with more than half of them in the US, even though the North American Derivatives Exchange is the only one authorized to operate in the country.
but clients based in other countries would receive nothing if the company collapsed.
A 2013 investigation by the British Daily Mail newspaper journalist Tony Hetherington alleged that one client had $25,000 stolen from his bank account after signing up with them.
External links
References
- ^ Wright, Susan. "Banc De Binary CEO Oren Laurent Opens Up on Binary Options - with Banc De Binary". Investing.com. Retrieved 2013-11-11.
- ^ Meyer, Gregory; Massoudi, Arash (June 7, 2013). "US launches civil action against Banc de Binary". Financial Times.
- "Regulators Sue Prediction Site, Allege Illegal Options". Wall Street Journal. Archived from the original on 2013-11-15. Retrieved 11 June 2013.
- "Banc De Binary Bbinary.com Launches New Innovative Online Broker". Investment Weekly News. June 26, 2010. p. 46.
{{cite news}}: Cite has empty unknown parameter:|1=(help) - ^ Tony Hetherington. "US watchdog takes 'bank' Banc de Binary to court...but Britain lets it in". Daily Mail. Retrieved 2013-10-16.