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Do You Want to Know If BBanc is a Legitimate or a Scam Broker?
BBanc may have a snazzy website, but it has been flagged as a suspected scam by Ontario Securities Commission. There are many reasons to be leery of BBanc, but the regulator’s main issue with this broker is its lack of a license. It’s located in St. Vincent and the Grenadines, which is a notorious location for unregulated brokers that turn out to be scams.
There Are Some Problems with BBanc
There are many issues with BBanc which are apparent just looking at the site. First of all, it lifts its site design from a regulated broker, which makes it seem as if they are trying to fool people into signing up with them instead of the legitimate broker. There is a very high minimum deposit, pips are at 3.3 which benefits only the broker. BBanc doesn’t back up its claims that its an award-winnning broker.
Red Flags that BBanc Could Be a Scam Broker
- Flagged by OSC
- No license
- No transparency
- False claims
- Bad reviews
If You Need Fund Recovery from BBanc, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with BBanc close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.