The Banc de Binary broker goes out of business in France

banc de binary out of business france

The Banc de Binary binary options broker will longer be part of the French binary options stage. Were you a customer of this binary options broker? Have you encountered difficulties in recovering your money? did you decide to make the transition to any binary options broker ?

The Banc de Binary binary options broker leaves the French market

Because the Banc de Binary binary options broker was the subject of numerous complaints and fines in the last three years, the reputation of Banc de Binary has taken blows and the broker did not seem as serious as it was in its early stages on the French binary options stage. Note also that the AMF French financial regulator (AMF) is very severe in terms of binary options and leaves no room for questionable practices in its territory. If we add to this that the French binary options industry is becoming more competitive, and that it has more and more  authorized brokers that experience a phenomenal success such as TopOption , we quickly understand why Banc de Binary decides to leave the French market.

Although the Banc de Binary broker has tried to restore a bit its image by launching a partnership with the English Premier League Liverpool FC, it seems that the broker is not at its best and hardly manages to conquer the heart of binary options traders in France. Note also that as a binary options broker, dedicating a sales team and specialists to a country like France costs a lot of money as you have to pay staff salaries, fund the internet and telephone marketing, train sales staff, hence all these resources represent a cost. If Banc de Binary decides to leave the French market, it is probably for these reasons and it is certainly not by chance!

A broker to avoid?

As you can see from the review of the Banc de Binary broker, we do not recommend this broker to our readers. It turns out that it is quite often the subject of complaints from traders. Some virulent criticism of Banc de Binary invites us to advise you to refer to our “best binary options brokers” that have been carefully selected by the BonusBinaryOptions.net team among brokers with the best reputation.

If you happen to be based in France, you may not be able to practice trading with this broker anyway since it decided to leave the French market. But if you are based in another European country, consider other options for your financial security. Know that unlike the Banc de Binary broker, there are of course binary options brokers that have made and continue to prove themselves. The brokers that we are referring to are the regulated binary options brokers that we strongly recommend to you.

You will have understood that the Banc de Binary broker does not have the best reputations in the binary options industry so it is better to opt for safer brokers if you aspire to get started in this type of trading without taking the risk of encountering difficulties in recovering your money.

Choosing a broker that is regulated by the AMF

Choosing a binary options broker that is authorized by the Financial Markets Authority is a wise choice that we urge you to make. The financial markets authority (based in France) as well as financial regulators in different European countries (BaFin, FCA, CNMV, CONSOB, FCA, etc. …) supervise the activity of some brokers and have even awarded authorizations and licenses enabling them to offer binary options trading within their respective countries. There are many brokers recognized in the binary options industry that have several European licenses. The 24Option and TopOption brokers are examples of brokers that are authorized by many European financial regulators allowing them to legally promote their trading platforms within the European territory. If you choose a binary options broker having a license from the financial regulator in your country, you will be protected by the latter in case of any problem with the broker. You now understand the value and intelligence behind choosing a regulated binary options broker.

The BonusBinaryOption.net advantages

The BonusBinaryOptions.net team has negotiated exclusive bonuses on deposit with most binary options brokers in the trading industry; these are brokers that are regulated such as the TopOption broker that we are referring to earlier in this article. TopOption is part of our partners that provide exclusively for our readers negotiated bonuses on deposit that normally do not exist. Opening a TopOption account through our website gives you the right to a 100% bonus on deposit instead of the 0% granted in normal times. The negotiated bonus on deposit is not the only advantage you can enjoy. In addition to the bonuses on deposit that we have negotiated for our exceptional readers, the BonusBinaryOptions.net guarantee is also an advantage that everyone can benefit from; it is automatically assigned to our readers after opening a trading account with one of our partners.

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