Banc de binary limassol

Banc de Binary, one of the biggest global providers of online trading in binary options renounced its authorisation. Furthermore, the company was a sponsor of the football club Liverpool FC. The company provided its services via the domain eu. The clients could create an online account and trade binary options online.

The Israeli-owned and Cyprus registered company is accused of urging ordinary people to make high-risk transactions without assuring if they are able to evaluate the potential risks. The headquarters of the company is in Germasoyia, Limassol. In the beginning, the company was operating in the Republic of Cyprus without authorisation.

Banc De Binary - Wikipedia

It is remarkable that Banc de Binary has never warned the public that binary options trading is a high-risk investment as the trades are live and it is possible to lose an initial investment. Moreover, there is no disclaimer on the website of the company. According to the Cyprus and foreign press, the target-group of the company were vulnerable investors who could not assess the risk of binary options trading.

Specifically, Banc de Binary is accused of allowing investors to make high-risk transactions, thereby losing their money. Binary options trading involves betting on whether individual shares, indexes, currencies or other securities will go up or down in a specific period of time. Many individuals have filed a complaint against Banc de Binary, claiming that after setting up an account on the website eu.

It is obvious that there is a clear conflict of interests.

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In binary options trading if the investor wins the company will lose. As a result, 8 out of 10 investors lost their lifetime savings, as well as, movable and immovable assets within five months. A lot of people claimed that they lost thousands of euro within a couple of days.

In this point, it should be underlined that Banc de Binary, as a Cyprus-registered company could provide its services to the UK without being regulated by the British Gambling Commission or the Financial Conduct Authority, due to a considerable gap in the EU regulations concerning this issues. The issue is that the Banc de Binary has been authorised by the Cyprus Securities and Exchange Commission CySEC as a Cyprus Investment Firm CIF.

The investment companies have a share in profits and losses.

However, Banc de Binary is a binary options trading company. Binary options are win or lose bets. Consequently, Banc de Binary should not have been authorised as an investment firm as the company provides purely betting services.

In other words, the company is obliged to settle its obligations towards the people to whom it provided its services. In this point, it should be clarified that you will not get your money back without filing a civil claim.

Therefore, a professional legal support is required. LLC is able to provide you with an adequate legal and administrative support so that to receive the compensation you deserve. Our team of Cyprus lawyers will examine thoroughly all the facts provided by you and gather evidence that will endorse your case.

Banc De Binary | Cyprus

LLC will be with you at every step making sure that you are treated fairly and you have the necessary information. If you wish to speak to one of our lawyers, in absolute confidence, then please contact us: BBC , British Broadcasting Corporation. Accessed January 12, Binary options firm Banc De Binary says winding down operations.

Tel Aviv, January Banc de Binary back in spotlight as betting firm makes a fool of regulators. Madjipa, Ioanna, and Michalis Menelaou. Accessed January 17, Lawyers in Cyprus specialised in a wide spectrum of legal disciplines.

Banc De Binary - Wikipedia

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