Banc de Binary Stops Accepting US Clients

banc de binary review

Two weeks ago, we’ve posted that Banc de Binary has been approved for the CySEC license. Today, Banc de Binary has sent us a letter with a statement that they are in process of getting CFTC (U.S. Commodity Futures Trading Commission) with the aim to officially become a regulated Binary Options exchange that accepts United States clients. However, in the meantime, they temporarily cease to accept US clients. 

Banc de Binary Stops Accepting US Clients

Banc de Binary has announced today, as of January 25, 2013 that they are in talks with CFTC in order to get the CFTC license and obtain regulation to become a Binary Options exchange in United States. Banc de Binary currently provides an online, web-based platform where investors and traders could trade Binary Options directly and securely.

After Banc de Binary received their CySEC license 188/13, they have been approached by CFTC. In accordance to CFTC requirements, Banc de Binary will have to stop accepting US clients during the time of negotiations. However, existing US customers will still able to trade and retain full access from Banc de Binary’s services. Other than US, international customers are still able to register and fund new account. Refer to this list for USA accepted Binary Options brokers.

banc de binary CFTC
From 2009, Banc de Binary has complied with all federal and United States laws regarding to banking and compliance procedures. However, since Binary Options is still a relatively new market, certain regulations and procedures are not ready in place or not previously existed. Banc de Binary has always been the first to acquire and follow suit to any procedures that are required by regulation body; all the hard works are done just to better protect traders.

The regulation in EU and now USA has really brought Binary Options to another level, as a financial instrument in its own and adds a lot of reliability to this relatively new industry. The acquiring of the CySEC license, and now in talk with CFTC, guarantee the firms’ pioneer acts, professional standards as well as bring a lot security to its clients.

Banc de Binary has decided to only begin working and provide service to regulated countries in order to continue leading Binary Options market and Banc de Binary also looking to work with regulators worldwide to show their commitment and professionalism by providing the best service to all clients.

For more information about Banc de Binary, please refer to Banc de Binary Review, as of for now, if you are from USA and want to trade Binary Options, we would recommend 24Option or TradeRush because they are both currently accept US clients. If you want a low deposit binary options broker, we would recommend goptions as they only require $100 to start trading!

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Author: David Wilson