I read Srinivas post from 2013 and his issues with Banc De Binary today for the first time. I want to say firstly I feel sorry for the experiences you have. Frankly, now, in August 2015, I am having VERY similar experiences with them. They also have coaxed, coerced, convince me to commit money to deposits via credit card-based charges, and then to double it almost back to back. If you have a read at Wikipedia on Banc De Binary, you will find that you are not having your trades going directly to the electronic trading system. Rather, it's you, the client, versus BDB's traders. And very clearly, when the client loses, they win. That is their fraudulent design scheme to suck money from people around the globe. So, when you submit credit card-based deposits into your account with them you basically are building up debt to line their pockets. Once you lose, your money becomes theres. And, once your money becomes theirs, they trading properly to the benefit of the Banc De Binary and it's traders. Essentially you build up credit card debt to line for their coiffures, to line their pockets.
I personally am going through this right now. I've already lost $10,000 in credit charges through their fraudulent schemes and good lip service to coax, coerce and convince me to increasingly make new deposits. So far I've been able to get a small portion of that back, $900.00 USD through two withdrawals. And then, I had to go through mental gyrations and fight for that even. The balance, and what I strongly would have urged Srinivas had we had this same problem at the same time is... to immediately contact the credit issuing company and execute a charge back request against Banc De Binary. There is a reasonable chance to force them charge back and re-credit your card. The other step is, and one I am about to execute, is to file an official complaint form to CySec (Cyprus Securities and Exchange Commission) which is the regulatory agency which regulates them on Cyprus. I don't know how much impact this will have but it will highlight and underscore Banc De Binary's traders' fraudulent scheme tactics and place it into the limelight. I know that Banc De Binary is not allowed to operate in the United States because of BDB's refusal to register with the regulatory agencies in the U.S. for client's protection. That alone should be a telltale sign what they are all about.
I am preparing a short summary of my personal experiences at Banc De Binary in mycomplaint report filing to CySec. I urge any one else that experienced monetary losses induced by the coaxing, coercive money-sucking lip services by traders of Banc De Binary. And by all means, I strongly urge your credit card companies to immediately issue a chargeback to recover losses from their deception and fraudulent scheme activities.
Attached are a some files with respect to my actual ongoing trading witih Banc De Binary. One file depicts an execution of about a dozen CALL positions in OIL some due to expire today (with losses of course), some on 8/31 and the balance on 9/30. It's very obvious the oil processes have been bearish for quite some time now. The trend is your friend. So, to execute this whole series of CALL (buy) orders were intentionally placed with the objective of causing losses to the client. (read: wins for the traders) When the market is obviously downtrend for the past several days, weeks even, it is common sense, professional trader or not, to place PUT (sell) orders so you profit. When you profit, the traders at Banc De Binary lose. But, that is not what they want you to do. They want you to lose.
My other attachments shows how they are now attempting to infect my computer (unsuccessfully) and/or block me from accessing and trading with a virus infection. When I attempt to access my account and execute a trade I can not. Even though I have a valid account with them. Even though I still have money on deposit with them, and even though I have outstanding orders with them unexpired, (even though they are losers) they are denying me access to my account! Fortunately I have other means to access through. I believe the reason for this virus infection attack probably is because my first charge back requests to my credit company must have begun to reach their main office operations in Cyprus. Their traders operate in Seychelles I think. Thus, they think they can conduct behavior like the old wild west, get away with however they want to conduct themselves, use and abuse people credit cards from around the world.
ANYBODY, if you are thinking about opening an account at Banc De Binary, In short, clearly. DO NOT! Avoid them like a plague. You will lose your money. Secondly, they will make it as difficult as possible to reclaim your money.