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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 bet 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 2010 it launched 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.
From 25 February 2013, Banc De Binary is registered "subject to limited regulation" by the U.K.'s Financial Conduct Authority.
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 offered U.S. customers options contracts on wheat, gold, currencies and stock indexes through its website, according to the CFTC complaint. The site essentially allows investors to gamble on the future price of something at a point in time.
- ^ "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.
Banc De Binary, an international investment firm, has announced its launch of Bbinary.com, its online binary options trading platform
- ^ "Regulators Sue Prediction Site, Allege Illegal Options". Wall Street Journal. Archived from the original on 2013-11-15. Retrieved 11 June 2013.
- Meyer, Gregory; Massoudi, Arash (June 7, 2013). "US launches civil action against Banc de Binary". Financial Times.
In a warning, the agencies added that only one binary options exchange had been granted exchange status in the US, Chicago-based North American Derivatives Exchange.
- https://bancdebinary.com/
- Kortekaas, Vanessa (October 30, 2013). "Fears rise as foreign forex operators fall outside UK regulation". Financial Times.
Banc de Binary, a Cyprus-based binary options trading company that came to the UK in February ...
- "Financial Services Register 2013". Bank of England Financial Services Register. Jun 2013. Retrieved 8 July 2013.