• Report: #1045916

Complaint Review: Banc De Binary

  • Submitted: Wed, April 24, 2013
  • Updated: Wed, April 24, 2013

  • Reported By: Dale — Mallorytown Ontario
Banc De Binary
Internet United States of America

Banc De Binary A Criminal Organization, Internet

*Author of original report: Criminal Organization!

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My experience with Banc De Binary has been less than pleasing to say the least. I originally deposited $500.00 with a credit card I no longer have and have since deposited $3000.00 with another card. I did one trade that was successful then was contacted by a so called senior broker who works for the company. He convinced me to deposit the $3000.00 dollars so I could join his group and be trained to trade successfully. Well let me tell he gave me a for sure trade recommendation that lost me $500.00 and continued sending me trades through Skype none of which I traded, they all turned out to be losers as I monitored them.

This would lead me to believe the rumours out there that they want to deplete your account so they can then move on to another victim. At this point I decided to do some research on the company through the Internet and to my surprise there was many angry complaints. Some really heart breaking stories of how Banc De Binary has acted in nothing less than a criminal way resulting in a lot of customers losing money couldn't afford to lose. I decided to get a full refund of the $3400.00 in my account and was told I would need to have my account verified.

So did exactly as they requested and sent all the necessary documents only to be told since I didn't have the original credit card any longer then I could never get my money back, plain and simple. I spent time on the phone speaking to various personal regarding my situation and they all said the same, send photo copies of the original credit card front and back and my problem would be over, but they knew I couldn't do this because I no longer have that credit card.

I asked them to just send me a cheque their reply was the money can only be refunded in the manner in which it was originally deposited. Does this sound like a bank you want to do business with? They claim to have offices on Wall Street but I've been informed this is not the case they are located in Cyprus far from the reach of North American authorities. My only course of action now is do things like this report to help prevent others from falling victim to this company.

If you are considering doing business with Banc De Binary, please save yourself a lot of grief and think twice about it. Do not listen to these people they are highly skilled in the art of persuasion, they will tell you anyone saying anything negative about them online is lying and a sore loser. My question is where are our regulators and politicians, nobody seems to be watching. With the growing popularity of Binary Options there seems to be no end to this company's ability to find new victims, hopefully it's not you!

This report was posted on Ripoff Report on 04/24/2013 02:57 PM and is a permanent record located here: http://www.ripoffreport.com/r/Banc-De-Binary/internet/Banc-De-Binary-A-Criminal-Organization-Internet-1045916. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Author of original report

Criminal Organization!

AUTHOR: Dale - ()

My experience with Banc De Binary has been less than pleasing to say the least. I originally deposited $500.00 with a credit card I no longer have and have since deposited $3000.00 with another card. I did one trade that was successful then was contacted by a so called senior broker who works for the company. He convinced me to deposit the $3000.00 dollars so I could join his group and be trained to trade successfully. Well let me tell he gave me a for sure trade recommendation that lost me $500.00 and continued sending me trades through Skype none of which I traded, they all turned out to be losers as I monitored them. This would lead me to believe the rumours out there that they want to deplete your account so they can then move on to another victim.

At this point I decided to do some research on the company through the Internet and to my surprise there was many angry complaints. Some really heart breaking stories of how Banc De Binary has acted in nothing less than a criminal way resulting in a lot of customers losing money couldn't afford to lose. I decided to get a full refund of the $3400.00 in my account and was told I would need to have my account verified. So did exactly as they requested and sent all the necessary documents only to be told since I didn't have the original credit card any longer then I could never get my money back, plain and simple.

I spent time on the phone speaking to various personal regarding my situation and they all said the same, send photo copies of the original credit card front and back and my problem would be over, but they knew I couldn't do this because I no longer have that credit card. I asked them to just send me a cheque their reply was the money can only be refunded in the manner in which it was originally deposited. Does this sound like a bank you want to do business with? They claim to have offices on Wall Street but I've been informed this is not the case they are located in Cyprus far from the reach of North American authorities. My only course of action now is do things like this report to help prevent others from falling victim to this company.

If you are considering doing business with Banc De Binary, please save yourself a lot of grief and think twice about it. Do not listen to these people they are highly skilled in the art of persuasion, they will tell you anyone saying anything negative about them online is lying and a sore loser. My question is where are our regulators and politicians, nobody seems to be watching. With the growing popularity of Binary Options there seems to be no end to this company's ability to find new victims, hopefully it's not you! Oh and I forgot to mention while I was online with a Banc De Binary brocker my credit card company contacted me to inform they were trying to take additional money from my card with out my authorization.
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