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| File:Banc de Binary Company Logo2.jpg | |
| Industry | Financial services |
|---|---|
| Founded | 2009[1] |
| Founder | Oren Laurent, co-founder |
| Headquarters | New York City, Cyprus |
Key people | Oren Laurent, CEO Niko Gails, Head of International Brokerage[2] James Wharton, Head of North American Division Derek Kater, Head of North American Dealing Room Chris Martin, Head of European Dealing Room Cyprus Dean Ashton, Head of European Dealing Room NYC Sarah Fenwick, Head of Online Public Relations Sophie May, Head of Investor Relations Mishja Van Der Linden, Head of Customer Service |
| Products | Binary options[3] |
| Website | www |
Banc de Binary is a retail binary options dealer.
History
editBanc de Binary was founded in 2009 by Oren Laurent. The idea came about after 2007 proposed rule changes made by the Options Clearing Corporation. The rule changes paved the way for the U.S. Securities and Exchange Commission to allow binary options to be traded on major markets beginning in 2008.[3] The company originally employed four people but claims that it now has over 250 employees in offices worldwide.[4]
Trading platform
editThe trading platform for Banc de Binary is SpotOption, a company that was also co-founded by Banc de Binary co-founder Oren Laurent.[3] The platform allows members to trade binary options by selecting the preferred stock, currency pair, index or commodity that they wish to trade. They then choose the amount they wish to invest and click “apply” to execute the trade. The platform also has an option builder which allows customers to select their own asset, expiry time, return rate and investment amount.[5] The company also offers a mobile trading application.[6]
Investor advisories
edit- Banc de Binary is not accredited with the Better Business Bureau, where it is rated "F" for failure to respond to customer complaints. It has a BBB file that was opened in 2010.[7]
- It appears on the Securities and Exchange Commission's "List of Unregistered Soliciting Entities That Have Been the Subject of Investor Complaints".[8]
- It is listed on the Ontario Securities Commission's Investors Warning List of "companies that appear to be engaging in activities that may pose a risk to investors".[9]
Regulation
editIn 2013, Banc de Binary became one of the first binary options companies to be licensed by the Cyprus Securities and Exchange Commission.[10] It was the second trading firm licensed by CySec after Spot Option, and the first standalone binary option broker to be licensed.[11]
Awards
editBanc de Binary was listed on the 2012 World Finance 100 Award of 100 companies based on reader votes.[12][13]
References
edit- ^ "Banc De Binary". Crunch Base. Retrieved 19 December 2012.
- ^ "Out Executive Team". Banc de Binary. Retrieved 20 December 2012.
- ^ a b c "Binary Trading Booms For Options Speculators". World Finance. 26 October 2011. Retrieved 19 December 2012.
{{cite news}}: Cite has empty unknown parameter:|coauthors=(help) - ^ Meyer, Gregory (19 December 2012). "Uncertain Future For Intrade's Markets". Financial Times. Retrieved 19 December 2012.
{{cite news}}: Unknown parameter|coauthors=ignored (|author=suggested) (help) - ^ "Banc de Binary Review". Binary Options. Retrieved 19 December 2012.
{{cite news}}: Cite has empty unknown parameter:|coauthors=(help) - ^ "Banc de Binary Broker Review". Broker Signals. Retrieved 19 December 2012.
- ^ "Banc De Binary review". Better Business Bureau. Retrieved 15 October 2012.
- ^ "Public Alert: Unregistered Soliciting Entities". Securities and Exchange Commission. Retrieved 15 October 2012.
- ^ "Investors Warning List". Ontario Securities Commission. Retrieved 13 January 2013.
- ^ "Investment Firms". Cyprus Securities and Exchange Commission. Retrieved 12 January 2013.
{{cite web}}: Cite has empty unknown parameter:|coauthors=(help) - ^ McLeod, Andrew Saks (23 January 2013). "Banc De Binary Gains Regulation and Expands Its Business To Cyprus". Forex Magnates. Retrieved 24 January 2013.
{{cite news}}: Cite has empty unknown parameter:|coauthors=(help) - ^ Oren Laurent and Niko Gails (February 2012). Banc De Binary Receives World Finance 100 Award.
- ^ Banc De Binary Wins 'Best Trading Platform' from World Finance, In Digest Biz, April 4th 2012
