ANSWER BBanc is not a licensed or regulated broker even though it states offers that look good to be true. BBanc claims to be owned and operated by Primis LLC, a company registered in St. Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number: 1860 LLC 2022. We do find a matching result to BBanc in SVG FSA. However, please be informed that SVG FSA is not a regulatory authority that issues licenses for forex trading or regulates entities offering forex activities. Having registration does not mean having regulation.More importantly, the France Autorité des Marchés Financiers (AMF) issued a warning that BBanc is not authorized to provide forex services and products. You can check the full warning from here.The truth is, BBanc is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like BBanc and trade with licensed brokers.
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