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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 a binary options trading company headquartered in Cyprus and Israel. Investors using its service speculate 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. It is one of the three largest binary options providers, along with 24Options and AnyOption.
The company was founded on January 15, 2009. In June 2010 it introduced an online trading system at Bbinary.com.
Regulation
In June 2013 the Securities Exchange Commission and the Commodity Futures Trading Commission filed lawsuits against Banc De Binary as part of an increased effort to regulate prediction-based trading following a lawsuit with Intrade. The SEC said that Banc De Binary stated in 2012 that half of its 250,000 investors were based in the US. However, the North American Derivatives Exchange is the only such service authorized by the US government to operate in the country. According to Banc de Binary website, it has voluntarily stopped offering its services to US residents.
In February 2013, Banc De Binary registered with the Financial Services Authority in the United Kingdom.
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.
- ^ "Regulated Binary Options Brokers". Binary Tribune. June 11, 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) - https://bancdebinary.com/
- Kortekaas, Vanessa (October 30, 2013). "Fears rise as foreign forex operators fall outside UK regulation".