BBanc Review – 5 Warning Facts About Broker Fraud
BBanc Review – 5 Warning Facts About Broker Fraud

This broker offers financial services without any shame, with full transparency as a fraud. Already after 1 year of existence, they got so many warnings from financial regulators. BBanc broker belongs to the Primis LLC group. This company is based in St.Vincent and Grenadines and doesn’t comply with any regulations.

Everything will be explained in more details in our BBanc review.

In addition, we recommend reading our reviews about brokers IDealTrade, Orient Financial Brokers and Fintegral.

Broker status:Unregulated Broker
Regulated by:Unlicensed Scam Brokerage
Blacklisted as a Scam by:AMF, FCA, FCNB, CSA, CNMV
Owned by:Primis LLC
Headquarters Country:St. Vincent and Grenadines
Foundation year:2022
Supported Platforms:Web trader / MT5
Minimum Deposit:250 EUR
Cryptocurrencies:Yes – BTC, XRP, ADA
Types of Assets:Forex, Indices, Commodities, Shares, Cryptocurrencies
Maximum Leverage:1:25
Free Demo Account:No
Accepts US clients:Yes

BBanc Is a Scam Broker That Is Not Regulated?

Saint Vincent and Grenadines as the country don’t provide any regulations to tradering firms. Forex and CFD trading companies should comply with the regulations in the country of service. Since they are scamming traders from the UK, Spain, Netherlands, Canada and Poland we expected to see Tier 1 Regulation.

Such regulators are FCA, CNMV, BaFin or ASIC. However, checking the registers of these regulators, non-surprisingly we didn’t find any records of BBanc trading company. Only warnings!

BBanc, a broker that has multiple warnings issued against it shouldn’t be trusted at all. Besides that, your information is shared with third parties which is violating your privacy. 

Arguments For Trading With a Licensed Broker

The biggest and most important aspect of licensed companies is security. At any point in time, if something goes wrong and you think you are scammed, you know whom to reach out to. With BBanc broker you don’t have an option like that. You are completely on your own.

BBanc did one very good thing and studied regulations. They provide leverage within the regulation. They provide a trusted trading platform – MT5. But making money is never the problem. Withdrawing it is the problem. That’s where regulation comes into play.

Red Flags and Warnings from Financial Regulators

BBanc Red Flags and Warnings from Financial Regulators

There are so many BBanc reviews where customers are complaining about this bogus scam. That’s exactly how you prevent scammers from operating. Afterward, financial regulators issued a warning against the company after a detailed investigation. You can check warning registers from FCA, AMF, FCNB and CNMV.

Does BBanc Offer MetaTrader 5?

This was one thing we were thrilled to see. A reputable trading software. But hopes died really fast. Web trader and MT5 access are provided by a company under the name Stockton LTD. This is a third-party company and those actions are very risky.

MT5 is an industry standard that provides a lot of indicators, EA tools and advanced features. It’s satisfying to use this reliable software. But BBanc broker doesn’t have it, and it’s a huge disadvantage. Like it had any advantages so far?

BBanc Awards – Firm Achievements

BBanc broker is not ashamed to share a whole list of awards they got. That wouldn’t be a problem at all if those were real. Like the best FX trading platform for 2021. Best crypto and forex broker for 2022. We checked the database for you; of course, all these statements are false.

We find the best achievement is those warnings we mentioned earlier.

What Financial Instruments Does BBanc Include?

BBanc offers 5 different trading classes. Those are all Forex and CFD trading assets, which means very risky for non-experienced traders. Assets include:

  • Forex                       USD/CAD, USD/HKD, EUR/NZD
  • Commodities           oil, cotton, platinum
  • Indices                    CAC40, AU200, BE20
  • Shares                    Nvidia, Starbucks, Pfizer
  • Cryptocurrencies    BTC, ADA, LTC

BBanc’s Fraudulent Activities – What Are The Countries Involved?

Any BBanc review consists of at least 30% of negative reviews and comments of people who were scammed for big money. They are scamming traders from:

  • UK
  • Switzerland
  • Poland
  • Canada
  • Spain

It’s not excluded that some other countries are targeted as well since they claim they have a global presence. Some of the countries mentioned are China, Germany, Austria, Turkey and many more.

BBanc Types of Accounts – An Overview

They offer a variety of live trading accounts. However, the leap between basic and following accounts is bizarre. Check it out:

  • Bronze        250 EUR
  • Silver           10.000 EUR
  • Gold            25.000 EUR
  • Platinum      50.000 EUR
  • VIP              250.000 EUR

The difference between accounts is minor. Something that every account should have for them is a huge difference. Like broker assistance and education, free withdrawals and more tradeable assets.

BBanc Free Demo Account

Unluckily, they don’t provide a demo account. So, to check how their platform works you have to deposit 250 EUR at least. We honestly wouldn’t bother with that. 

First, they are not regulated, therefore money is not safe. Second, you can try a demo account with a licensed broker or even a micro account for 10$.

BBanc Deposit and Withdrawal Policies

The company doesn’t provide anywhere on the website payment options. We can assume those would be cards or wire transfers. But let’s not exclude crypto transactions as well. However, based on BBanc reviews, we see that whatever policy for withdrawal they have, it doesn’t work. At least it doesn’t work for customers.

BBanc Terms and Conditions

Basic terms of trading are mysterious with this broker. They don’t disclose spreads, leverages or fees. Therefore, you are getting into the unknown. 

On top of that, they are providing bonuses that are strictly forbidden according to any regulation.

Scammed by a BBanc Broker? – We Want To Hear Your Story

It’s not a shame if you get fooled once. Especially if you don’t know anything about it. But twice, and after this review, would be a shame. Prevent that from happening by sharing your opinion on BBanc broker.

If you need assistance with fund recovery, our expert team is there for you. Get in touch today!

What Is the Chargeback Procedure?

For experts, recovering funds can be a piece of cake. A simple chargeback can solve maybe all your problems. That way you can reverse a transaction if a card is used as a payment method.

Don’t bother overthinking whether should you do it. Contact us now, to get assistance on your first step.

What Is BBanc?

This is an offshore company that provides FX and CFD trading without any regulations.

Is BBanc a Scam Broker?

Yes, absolutely. There are as well multiple warnings issued against them by financial regulators.

Is BBanc Available in the United States or the UK?

This broker only offers services to UK clients. However, the US is not mentioned but they are not excluded as a potential target in the future.

Does BBanc Offer a Demo Account?

No. This broker only offers a vast of live trading accounts with unreasonably high requirements.


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