Banc De Binary
Complaint 320397 Details

MY DEVASTATING EXPERIENCE WITH BANC DE BINARY
I received a welcome e-mail from Jack Stefan who was assigned to be my agent with BANC DE BINARY.
Welcome to Banc De Binary investment bank- The biggest the only regulated investment bank in the world for trading binary options
My name is jack stefan and I'm a Senior Broker here.
I am happy to let you know that here at Banc De Binary you do not have to trade alone. You can trade with me and make a lot of money.

www.bancdebinary.com

regulation

http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=314566


my skype name is : bdb.jacks

Here's how:

I'd like for you to take a look at some of my latest trading results.
The trade signals I offer every day, by Skype and by email, are used by my Personal and VIP clients.

Trade signals are my recommendations for the trades you should be taking.
Every day there are over 25 opportunities to make money with trading binary options, and I'm giving the best ones to my clients.
That is how my clients make money - by following my trade signals. Take a look at the screenshot taken from my client's trading account:

When I give my trading signals on Skype, it looks like this:

(Asset - Strike Rate - Future Direction - Expiry Time)

This is from my client account that wanted to try my way of trading:

* In case the screenshot does not appear above, just open the attached files.

Think you're ready and want in?

Leave the rest to me!

Feel free to contact me by phone, email or Skype.

jack stefan - Senior Broker
Banc De Binary
1-212-710-5905 EXT 12091
1-800-656-6163 EXT 12091
[email protected]

Skype: bdb.jacks

I registered on BANC DE BINARY’s beginner’s site. On this site individuals could practice for 0 dollars. And also could place investments for small amounts such as $5.00, $10.00, $20.00, etc. and make a commission. Upon registering with Banc de Binary I deposited $500.00, as that was what BANC DE BINARY directed me to do.

After a very short period on the first Banc de Binary site Jack Stefan explained to me that if I was serious about making money I needed to upgrade to the Laurent Group status. I believed he sincerely was helping me, as he was my agent. I asked him how do I upgrade to Laurent Group status. He said the Laurent Group clients are one million dollar clients. He explained that Banc de Binary would make an exception for me and allow me in, for the least to become a Laurent Group Client by depositing $100,000. I asked Jack what the benefits of becoming a LAURENT GROUP MEMBER would be for me. Jack explained the benefits of becoming a Laurent Group Member are higher commissions paid out and a $30,000 return every 3 months. The Laurent Group would also match my deposit of $100,000. In total I would have $200,000.00 in my account to start with. Jack said that was the best way to start without explaining anything on why it was the best way to start. I believed Jack but unfortunately NOW IN RETROSPECT I HAVE LEARNED THAT IS A BLATENT LIE. TO TAKE THE MATCHING BONUS IS THE WORST WAY TO START AS IT RESTRICTS THE CLIENT FROM WITHDRAWING THEIR WINNINGS DUE TO STRINGENT RULES. THESE RULES ARE A BENEFIT TO BANC DE BINARY AS THEY STOP CLIENTS FROM WITHDRAWING THEIR MONEY.

Then I saw the “HIGH RISK INVESTMENT WARNING”
I was PETRIFIED TO SAY THE LEAST and sent an e-mail to Ross Collins, Laurant Group - Head Broker.

“ROSS, THIS IS WHAT SCARED THE LIVING DAYLIGHTS OUT OF ME.”

“HIGH RISK INVESTMENT WARNING: Trading Binary Options is highly speculative, carries a level of risk and may not be suitable for all investors. You may lose some or all of your invested capital, therefore you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading Binary Options. “
“Prices may be different from exchange prices and may not be accurate to real time exchange trading prices.”
Not registered with regulatory authorities in Canada.
“registered with regulatory authorities in Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Sweden, Netherlands and United Kingdom.”

“THIS WAS ROSS COLLINS’ REPLY TO ME:”

Re: Laurant Group - Ross Collins
Hello:

I thought we agreed on 30k for 3k returns monthly... And yes you do join The Laurant Group... And you can withdraw the sum as needed since turnover would have been met by the timing you need... You have nothing to be concerned about... As a Laurant Group client... You will be well taken care of... As long as I wake up to a email of approval from you... You will wake up to profitable limited trades..!
Good luck today and speak tomorrow via voice..!

Ross Collins
Laurant Group - Head Brokwr

What Ross Collins promised me was Banc de Binary would send me $3,000.00 every month and in a short period (by the end of March or April) I would be able to start withdrawing $30,000.00 or more every 3 months. He also said, “You have nothing to be concerned about... As a Laurant Group client... You will be well taken care of...
“IN RETROSPECT I BELIEVED ROSS AS AT THIS TIME I HAD NO REASON NOT TO BELIEVE HIM.

OF COURSE NOW I REALIZE IT WAS A BLATENT LYE JUST TO GET ME TO SEND MORE DEPOSITS TO BANC DE BINARY.”

I asked Jack Stefan how he makes his money. He told me that he only makes money if he directs me to winning trades. He said that is of utmost importance to him to direct me to winning trades. He can only make money on his client’s winning trades. He said he does not make any money on losing trades. I NOW REALIZE ANOTHER BLATENT LYE. I again was naive and trusting and started to send small to large amounts of money by maxing out my visa cards, borrowing money on my condo to bring my deposits up to Banc de Binary's requirement of $100,000.

Jack kept giving me reason after reason of why I should be depositing more and more money into my account with BANC DE BINARY. Again I thought he was truly trying to help me so I pursued to make more deposits to my account. Then I was told that we were lucky because we had first chance of placing bids for Facebook before the rest of the public. Jack directed me to take 3 different bids on Facebook of: $10,000.00, $10,000.00, and 11,000.00. We lost them all. I now truly believe that was ORCHESTRATED to happen by BANC DE BINARY’s HEAD PEOPLE. THEY ARE UNBELIEVABLE CROOKS.

Then I started to get suspicious about what was really going on here. It seemed like Jack would give me the odd winning trade but many, many losing trades. By this time I had deposited about $120,000.00 into my account with BANC DE BINARY but my total deposit was depleting very fast.

Now the puzzle was starting to come together for me of what was really going on. From my experience with BANC DE BINARY the reason that BANC DE BINARY displays two sites is mainly for DECEPTION PURPOSES as I explain in the following paragraphs:

The purpose of the First Site is the bait whereby BANC DE BINARY Agents befriend an individual to gain their trust. Also to show the individual compliance with regulatory issues etc.

The purpose of the Second Site is to coerce the client over to the Second site from the First Site where they ultimately set up one's account to steal their money and never allow you a refund nor a withdrawal due to the most stringent guidelines of the bonus structure that most people really do not understand because BANC DE BINARY does not fully explain the bonus structure for BANC DE BINARY’s self-serving purpose.

NOW THE BIGGEST AND MOST BLATANT LIES OF ALL.
My suspicion of Jack Stefan’s expertise of winning 75% of his bids started to raise a question in my mind. I have no doubt that Jack Stefan is very capable of and has the expertise of winning 75% of his bids. I actually witnessed that with him several times. Something strange started to happen. At first Jack would give me a few positive trades with a great return. Then he started to direct me to many trades that were consistently losing money. The following is an example of my last trades with Jack during a 10 minute session: large investments with 0 payouts.

Asset: APPLE; Investment: $8,000.; --- Payout: 0
Asset: EUR/USD; Investment: $4,000.; --- Payout: 0
Asset: GOLD; Investment: $4,000.; --- Payout: 0
Asset: SILVER; Investment: $2,000.; --- Payout: 0
Asset: USD/JPY; Investment: $6,000.; --- Payout: 0
Asset: AUD/USD; Investment: $4,000.; --- Payout: $7280.00
Asset: EUR/USD; Investment: $8,000.; --- Payout: 0

A total of 7 Trades = $36,000.00 Investment
Return:= $7,280.00
Total Loss = $28,720.00

These trades were directed to me from my agent Jack Stefan who has a 75% success rate; and he tells me he only makes money if he helps me make money. Something very sinister is going on.
I again asked Jack what happens to the money that people lose. He said it goes back to the market maker; he said everyone loses; Banc de Binary loses; the client loses and the agent loses; which now I have learned is ANOTHER BLATANT UNTRUTH

I have learned all losses go back to Banc de Binary which Jack DENIED TO ME SEVERAL TIMES. He told me Banc de Binary loses out too. Not true at all. All losing bids do go back to BANC DE BINARY. See proof in the following article from Wikipedia, the free encyclopedia:

“Banc De Binary
From Wikipedia, the free encyclopedia

Banc De Binary, formerly known as BO Systems Limited
and also known as BDB Services Limited and ET Binary
Options Ltd.,[5] is an Israeli-Cypriot based enterprise
specializing in binary options (also known as fixed return
options) on assets including commodities, stocks, indices,
and foreign exchange. The company operates an online
trading website through which customers can buy or sell
binary ("call" or "put") options, predicting whether the price
of a certain commodity will go up or down in a specific time
period.[6]

Banc de Binary customers do not execute their
trades via a regulated exchange, but are 'betting' against the firm itself, and the firm only profits if the client loses.[7][8]
Banc de Binary is an associate of Spot Option Exchange
which sets the price of the option. The price of the option is
not a market price, but is set by Spot Option Exchange
itself.[9]

The company has been charged with several offences by the
CTFC and SEC, and trading with US customers has been
frozen following an injunction on 1 August 2013.[5][10]
Charges filed on 7 August in the US stated that Banc de
Binary "may be criminally liable under the federal RICO
statute". Banc de Binary has refused to appear in court in the US for depositions.[11] Within the European Union, the
company is regulated by the Cyprus Securities and
Exchange Commission (CySEC).”

NOW THE DEVIOUS PART: Jack is assigned to be my agent to direct me for success; but Jack is also working closely with Ross Collins whereby Banc de Binary benefits from all clients’ losing trades.

I believe that Jack has an agenda to deliberately have me place the above losing bids to stop me from gaining success and more importantly to give my $28,720.00 loss to Banc de Binary. I believe he is working IN COLLUSION with Ross Collins, Laurent Group – Head Broker for his own benefit and definitely not working for me.

One will NEVER be able to win in this scenario with 2 agents in collusion against the client and Banc de Binary's system will never allow one to qualify for any return on their money that is promised; because of the way Banc de Binary sets up one’s account to control 100% of the client’s situation. A FRAUDULENT, EVIL SCHEME BY DECEITFUL INDIVIDUALS.

I am a widow and a senior citizen. I was very naive, and extremely trusting. Jack Stefan and Ross Collins of Banc de Binary have absolutely FRAUDED & SWINDLED ME to send Banc de Binary $120,000.00 U.S. BY TELLING ME LYE AFTER LYE.

THEY ARE CORRUPT CHEATING INDIVIDUALS LOOKING FOR VULNERABLE PEOPLE TO PREY ON TO UNDERHANDEDLY SCAM EVERY PENNY FROM BY DECEIVING trusting people in every possible way. I have learned first hand that “The individuals that run BANC DE BINARY are ABSOLUTE CROOKS.”

I started with them just in January and they coerced me to deposit more and more money until I had nothing more to deposit. They said I was very close to be able to withdraw 30 thousand every 3 months and then I could pay all the money I owed to my visa accounts and interest back to all who I borrowed from.

A BLATENT TWO-FACED LYE. – THE HEADS OF BANC DE BINARY ARE NOT WILLING TO GIVE ME ANY OF MY MONEY BACK AT ALL. THEY HAVE BASICALLY STOLE MY MONEY FROM ME BY CONTINUALLY LYING OVER AND OVER, every step of the way.

JACK WAS DIRECTING MY TRADES IN COLLUSION WITH THE HOUSE. If he gave me 1 or 2 winning trades, the next day he would give me a few losing trades so that I would lose twice as much as I had won the day before. With this scheme I could not possibly ever get ahead to collect my money. Jack Stefan and Ross Collins of BANC De BINARY made sure they kept me in a losing position.

I HAVE PERSONALLY EXPERIENCED BANC De BINARY’S SCHEME IS BEYOND THE MOST ULTIMATE ORCHESTRATED FRAUD SCHEME OF ANY KIND; AND IS INSTRUMENTALLY SET UP TO DECEIVE INNOCENT, NAIVE, AND TRUSTING PEOPLE TO STEAL FROM.

I HAVE PERSONALLY EXPERIENCED BANC De BINARY IS GETTING AWAY WITH A CRIMINAL ACT OF ULTIMATE DECEPTION TO STEAL MONEY FROM NAIVE AND TRUSTING PEOPLE.

FROM MY PERSONAL EXPERIENCE WITH BANC De BINARY I AM SHOCKED THAT BANC De BINARY IS NOT ON THE BLACK LIST.

FROM MY PERSONAL EXPERIENCE WITH BANC De BINARY I AM SHOCKED THAT BANC De BINARY IS NOT ON THE CRIMINAL LIST.

Please let me know How you can help me get my money back.