Banc De Binary - Binary Options That Suck
Update May 2016: the . issue is now in the distant past and Banc de Binary is well regulated and even partnered with Liverpool football club but the amount of complaints cannot be overlooked. Most complaints focus on two things: Account manager lost the money, and aggressive sales tactics so the answer to “Is it a scam?” is hard. Depends on who you ask. The official authorities like CySEC and FCA are OK with Banc de Binary. The bad winds from the USA authorities are now past. If you ask the traders who published their stories all over forums and websites, they’ll tell you it’s a scam but probably the answer is somewhere in the middle.
KKI principal Jonathan Kenny said there had not been any contempt and the matter had been opposed. He added he was no longer representing the Senese family or the family businesses allegedly linked to the TitanTrade website.
The government continued making grant payments to SpotOption even as the scale of binary options fraud was documented. Following specific questions from The Times of Israel into the Economy Ministry grant, however, SpotOption itself requested earlier this year that its government funding be stopped. The ministry had originally approved a grant of some $450,000 (according to an October 27, 2017, exchange rate of NIS to $1). which was being doled out in installments scheduled through the end of 2017. By the time SpotOption asked the government to stop the grant payments, $270,000 of taxpayer funds had been given to SpotOption; the remaining approximately $180,000 has not been paid.
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But in a city with sky-high rents and a cost of living relative to salaries (PDF) second only to Japan, Guralnek could not survive. He heard that jobs in an industry called binary options paid twice what he was earning, plus commission.
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“He certainly is not someone anyone can push around easily, which is probably his best characteristic,” a source added, referring to the company’s infamous infighting. “We all know Immelt’s not the dynamic entrepreneur that Travis is, but he can certainly settle things down.”