I joined Banc de Binary a year ago. Like others I lost all my money. After reading some newspaper reports I realized that Compliance had not checked me out properly and I should not have been accepted with them.
I stated clearly that I had low income and could not afford to lose anything. They ignored this, both written and spoken to them.
After several months (5) of repeating this I was finally sent a copy of a questionnaire of 24 questions which I had never seen and certainly not filled it. It is total FRAUD.
See below, my replies in red.
In another email I was told that these questions could only be accessed by myself and answered by myself. Not true as I never had accessed the questions and also why was the said person Tracey (now left the company) able to access them and forward them to me.
I have sent report to cysec the ombudsmen in Cyprus.
This company needs reporting to save other pensioners like me losing money.
Hi
You have all the access but here you go as requested
QuestionAnswer (24)Have you invested funds before
Yes NO
Education level
Bachelor Degree /Diploma No exams to my name, I did not even pass one GCE exam on leaving school.
Profession or relevant former profession
Business Administration. I have never been in business administration.
Employment Status
Employed. I am self employed always have been.
Do you have previous work experience or relevant qualifications that helps you understand our products and services as well as the risks involved?
Yes. No have no experience or qualifications.
Did you attend course/seminar about binary options?
No
Do you have any connection or association with the U.S.?
No
Annual Frequency of Transactions
51 To 100. Frequency of what transactions.
Approximately in the last two years, have you traded any binary options on an execution only basis
Yes. Never traded any binary options in any basis at all.
Source Of Funds
Saving
Estimated Net Worth
250 To 500 K. no where near.
Estimated Annual Income
50 To 100 K. 10 – 15 K
Purpose and reason for opening account
Assets Saving. increasing my income.
Anticipated account turnover
50,001 – 100,000 never said anything about this as have no idea.
Size of Wealth
101,000 – 250,000. no where near that.
Expected origin of incoming funds
Credit Card
How long have you traded (Experience) – in years
1-3. never traded before at all.
Frequency of trades in the last 12 months
More than 50. never traded before.
Volume of transactions (within the last 12 months)
Less than 25,000 USD. none
The period over which clients transactions in financial instruments have been carried out
Long term. not true no idea what transactions as none been carried out.
The types of services, transaction and financial instrument with which you are familiar
Currencies. none not traded
I have previous work experience or relevant qualifications that help me to understand your products and services as well as the risks involved
Yes. No experience at all.
Are you familiar with the risks involved in trading Binary Options
Yes NO
Industry of Employment
Accountancy Never been in accountancy at all. I left school, did a secretarial training and a dressmaking course. Then I married. When divorced I cooked and ran singles parties. Self employed.
Sent: Tuesday, August 09, 2016 1:51 PM
To: Merelina Ponsonby
Subject: RE: BA20160055. I need full refund of money invested with you. 32225$
Hi
They are not sent to you as I previously stated you provide the answers when you open the account.
They are done through the account you open online on our website.
I had no idea of the risks and never filled in the questionnaire.
I live in France but below there is no where which says FRANCE only states in the USA or Canada. I used debit card. As my complaint only started 6 months after I joined I can get nothing back via my card.
Banc De Binary Ltd. Reviews
I joined Banc de Binary a year ago. Like others I lost all my money. After reading some newspaper reports I realized that Compliance had not checked me out properly and I should not have been accepted with them.
I stated clearly that I had low income and could not afford to lose anything. They ignored this, both written and spoken to them.
After several months (5) of repeating this I was finally sent a copy of a questionnaire of 24 questions which I had never seen and certainly not filled it. It is total FRAUD.
See below, my replies in red.
In another email I was told that these questions could only be accessed by myself and answered by myself. Not true as I never had accessed the questions and also why was the said person Tracey (now left the company) able to access them and forward them to me.
I have sent report to cysec the ombudsmen in Cyprus.
This company needs reporting to save other pensioners like me losing money.
Hi
You have all the access but here you go as requested
QuestionAnswer (24)Have you invested funds before
Yes NO
Education level
Bachelor Degree /Diploma No exams to my name, I did not even pass one GCE exam on leaving school.
Profession or relevant former profession
Business Administration. I have never been in business administration.
Employment Status
Employed. I am self employed always have been.
Do you have previous work experience or relevant qualifications that helps you understand our products and services as well as the risks involved?
Yes. No have no experience or qualifications.
Did you attend course/seminar about binary options?
No
Do you have any connection or association with the U.S.?
No
Annual Frequency of Transactions
51 To 100. Frequency of what transactions.
Approximately in the last two years, have you traded any binary options on an execution only basis
Yes. Never traded any binary options in any basis at all.
Source Of Funds
Saving
Estimated Net Worth
250 To 500 K. no where near.
Estimated Annual Income
50 To 100 K. 10 – 15 K
Purpose and reason for opening account
Assets Saving. increasing my income.
Anticipated account turnover
50,001 – 100,000 never said anything about this as have no idea.
Size of Wealth
101,000 – 250,000. no where near that.
Expected origin of incoming funds
Credit Card
How long have you traded (Experience) – in years
1-3. never traded before at all.
Frequency of trades in the last 12 months
More than 50. never traded before.
Volume of transactions (within the last 12 months)
Less than 25,000 USD. none
The period over which clients transactions in financial instruments have been carried out
Long term. not true no idea what transactions as none been carried out.
The types of services, transaction and financial instrument with which you are familiar
Currencies. none not traded
I have previous work experience or relevant qualifications that help me to understand your products and services as well as the risks involved
Yes. No experience at all.
Are you familiar with the risks involved in trading Binary Options
Yes NO
Industry of Employment
Accountancy Never been in accountancy at all. I left school, did a secretarial training and a dressmaking course. Then I married. When divorced I cooked and ran singles parties. Self employed.
Sent: Tuesday, August 09, 2016 1:51 PM
To: Merelina Ponsonby
Subject: RE: BA20160055. I need full refund of money invested with you. 32225$
Hi
They are not sent to you as I previously stated you provide the answers when you open the account.
They are done through the account you open online on our website.
I had no idea of the risks and never filled in the questionnaire.
I live in France but below there is no where which says FRANCE only states in the USA or Canada. I used debit card. As my complaint only started 6 months after I joined I can get nothing back via my card.