Record fine of $11 million for Binary Bank

Banc de Binary has long been one of the main players in the trading of binary options. After its withdrawal from France and a fine by CySEC, it is the American regulator that imposes a fine of 11 million dollars on brokers.

A record fineThis

is a first in the world of binary options, the record fine of 11 million dollars given by the American authority completes a black series that the broker would have done without. He was guilty of having accepted American customers between 2011 and 2013 while the legislation in the USA is different on binary options compared to Europe. The consequence of such a fine imposed by the SEC and the CFTC is the probable deterioration of Banc de Binary’s offer. This fine represents a real thorn in the side of the broker’s side. Oren Laurent, creator and director of Banc de Binary

A logical sequenceSince

recently Binary Bench seems to accumulate errors. This broker was available last year in our comparison. We had no problem with it, even though we regretted the emphasis on aggressive offers through a marketing strategy that could be misleading. BdB respected the rules of the authorities by blossoming with boundaries. A fine imposed by CySEC last January (350,000 euros) and the withdrawal from the French market definitively defeated the broker in France. Bad news continues across the Atlantic. Oren Laurent has enough to make her hair white. In any case, the bets are open, will Banc de Binary finish in 2016? See you in 10 months.