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On 7 April 2014 Cy Sec announced that they had fined Banc De Binary 10,000 euros after it had "concealed material information in its request for authorization CIF submitted to the commission in August 2012, namely concealed the existence of close links between it and another company".In the UK, Daily Mail newspaper journalist Tony Hetherington reported allegations that Banc De Binary withdrew funds from the accounts of two clients without authorization. As of October 2013, the company was rated "F" by the United States' Better Business Bureau (BBB) because 31 complaints had been made against it, including 9 of which were unanswered.The BBB report also wrote that the "site essentially allows investors to gamble on the future price of something at a point in time". Whisky shop konstanz. [[After receiving "at least one complaint from a Québec investor who traded through Banc De Binary's platform and was unable to recover his investment", the Autorité des marchés financiers (AMF) warned investors about the company.It noted that a bonus of 50% of the opening deposit is available, but customers who accept the bonus are not allowed to make withdrawals until they have made trades equal to 20 times their initial deposit.The AMF also pointed out that, due to the "all or nothing" nature of binary options, an investor who wrongly predicts market movement will lose his entire investment. The AMF also, like the CFTC, included a more general warning about the risk of fraud in binary options trading in the same press release.
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