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Banc De Binary to pay €350,000 fine according to CySEC

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Banc De Binary has settled with the Cyprus Securities and Exchange Commission (CySEC) to pay €350,000 for possible violations. According to the official announcement by the regulator, the broker might have violated a couple of points in the Cyprus Investment Firms law.

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MikkiFunk's picture

Finally CySEC took some measures against these scammers, hopefully they will stop cheating people.

MikkiFunk
Bettercall's picture

Yep, this is good for the industry, I expect more brokers to be investigated in the upcoming months.

Bettercall
MikkiFunk's picture

Next should be Opteck, I believe CySEC would be very interested in their record of clients' complains.

MikkiFunk
Bettercall's picture

Will be intersting to see

Bettercall