Website – bbanc.com
Address – First Floor, First St. Vincent Ltd Building James Street, Kingstown, St. Vincent and the Grenadines
Warned By – Autorité des Marchés Financiers (AMF), Comisión Nacional del Mercado de Valores (Spain), British Columbia Securities Commission (Canada), Financial Conduct Authority (United Kingdom)
Read the BBanc review and know why we put this broker on the list of scam brokers.
BBanc Review: Introduction
BBanc trading platform is owned and operated by Primis LLC. It is registered in Saint Vincent and the Grenadines (SVG) and claims to be regulated by the Island of Moheli, Comoros Union. The BBanc website’s design is strikingly similar to that of a reliable broker, making it extremely unsafe for the unwary and innocent user. The broker who advertises to their users an extremely high ROI and simple access is in desperate need of deposits. And this is the key justification for their incredibly alluring offer that draws people to them. But the reality is different; it is an offshore and unreliable broker. Read a complete BBanc Review to know more about this broker.
BBanc Review: Regulation
BBanc claims to be registered in St. Vincent and the Grenadines, which is an offshore region. Since the financial authorities in this offshore zone do not pay attention to forex businesses, registration in St. Vincent and the Grenadines is meaningless in terms of forex regulation. Primis LLC was not listed in the Mwali International Services Authority’s web registration, which houses the financial regulator for the Island of Moheli. Apart from this, BBanc got a public warning from the authority of France – Autorité des Marchés Financiers (AMF) and was also blacklisted by them.
BBanc Review: Deposit and Withdrawal Method
The minimum deposit at BBanc is $250. BBanc offers several types of payment methods like Paypal, credit/debit cards, and bank transfers. The minimum withdrawal limit is $100 for each withdrawal request. There are no withdrawal methods disclosed by the company. We don’t know if these withdrawal methods work because they are frequently different from the depositing methods.
BBanc Review: Trading Account
BBanc offers five different accounts, which include: Basic, Silver, Gold, Platinum, and VIP. The leverage they offer is 1.25 for all the accounts.
How does the BBanc scam work?
Scam brokers approach investors via social media and internet advertisements. They deceive you by making excellent deals and exciting offers that allow you to profit from them. When you click on these false advertisements and provide your phone number, they call right away and demand an initial payment. These methods consistently work for novice and uninformed investors.
To draw in additional customers, some people create clone websites of legitimate brokers. Then they demand a sizable sum of money in exchange for their promise that you will make a significant profit. However, when you go to withdraw your funds, you’ll discover that you were taken advantage of by a shady broker who stole all of your funds.
BBanc Review: Conclusion
Scam Helpers never recommends you to trade with a BBanc broker because they might be involved in online scam activities. If you are a victim of a BBanc broker, you can file a chargeback for fund recovery. Fill out a complaint form on our Scam Helpers website. We will provide a free consultation and guide you in the process of fund recovery. You can also check the scam brokers 2022 page on our website to avoid forex scams, cryptocurrency scams, investment scams, or any other online scams.
If you feel you are scammed – Report a complaint here
Visit our Facebook Page