BinckBank Reviews 

343
TrustScore 1.5 out of 5

1.6

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Company details

  1. Asset Manager Service

About BinckBank

Information provided by various external sources

U belegt om een mooi rendement te behalen. Maar succesvol beleggen gaat niet vanzelf. Daarom is het goed te weten dat u bij Binck de meest complete en gebruiksvriendelijke beleggingssite krijgt. Van nieuws tot analyse. En van eenvoudig kopen en verkopen tot het managen van uw portefeuille en rendement, bij Binck is het heel eenvoudig.

binck.nl was voorheen bekend als binckbank.nl

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1.6

Bad

TrustScore 1.5 out of 5

343 reviews

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1.6

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(343)

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Rated 2 out of 5 stars

One-sided change of conditions at your (customer's) expense

BinckBank switches to SaxoBank, increases the fee, makes a mess of the transition and single handedly changes their conditions at your expense. Meanwhile they keep your stock hostage by charging 25 EURO per line if you want to switch brokers, violating if not the letter than at least the zest of European Consumer laws.

Authorities should investigate and fine them. But as a customer, I have but one advice, stay away from this lot.

Added: two days before the transfer I suddenly received an e-mail that they now would honour their publicly stated commitment to a zero-charge transfer after all. I am cautiously optimistic they will keep their word -so I'll give one star back... but I'll await the proof of this pudding! Will be updated (probably not shortly -if I read the other comments).

November 18, 2021
Unprompted review
Rated 1 out of 5 stars

Poor customer service and as not…

Poor customer service and as not transparent with their fees as DeGiro and therefore I moved back to DeGiro

September 15, 2021
Unprompted review
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Reply from BinckBank

Beste Gerrit,

Bedankt voor de review. Jammer om te lezen dat je de kosten niet transparant vindt. De kosten zijn terug te vinden op onze website via onderstaande link. Wij doen ons best om alles zo helder mogelijk weer te geven.

https://www.binck.nl/zelf-beleggen/pakketten

Met vriendelijke groet,
BinckBank

Rated 2 out of 5 stars

STAY AWAY FROM THEIR PLATFORM

They promised a certain amount of free transactions, but after signing up it turned out that 'amount' was only valid for about a month; i.e. useless for any starter account.

Disappointed I cancelled my account-with-zero-transactions (to go to a competitor that actually does as promised) - got a confirmation for my cancellation - but they failed to return my initial account balance time after time (i.e. I contact support multiple times) over a period of many weeks. And then they started deducting the monthly fee from it until it was almost gone WITHOUT EVER contacting me over the last 12 months.

No matter the exact legality of this case - they'll probably claim the small print in the Terms & Conditions whilst Dutch law precedes this and is clear & explicit about the obligation and transparency of conditions, terms and services - but at least this incident DOES show you how their customer & account cancellation support is, including their upsell scam for 'pending closure' accounts.

July 5, 2021
Unprompted review
Rated 2 out of 5 stars

I moved from Binck to DEGIRO and forgot…

I moved from Binck to DEGIRO and forgot about my zero balance account with Binck for a couple of months, my bad. They happily keep deducting (expensive) service fees plus interest, causing a negative balance. Instead of notifying me immediately, they only sent me an email several months later when my balance went below negative 50 euro's.

Their platform is mediocre, verification SMSes take several minutes to arrive. Support doesn't read questions properly but instead replies with some irrelevant standard answer (I have to admit this was on a friday so they probably just wanted to go home and have a beer).

April 13, 2021
Unprompted review
BinckBank logo

Reply from BinckBank

Dear Jasper,

We are sorry to hear that your negative balance has increased over the past months. Since it can happen that account balances are negative for a while, we decided to only send emails when account values reach -€50.- or lower. We do understand that it is a shame that the negative account balance has been increasing over the past months and that you were unaware of that. We are sorry for that.

Kind regards,
BinckBank

Rated 1 out of 5 stars

Expencive fees

If you're looking for a broker to lose your money in fees look no further. fees for transferring your money from euro to dollar!!? had to pay up to 100 euro to convert 2k euro to dollar. blocks you out of buying options even if it's a "meme" stock. claim for safety reasons.

February 27, 2021
Unprompted review
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Reply from BinckBank

Dear Max,

Thank you for your feedback. The fees paid per option depend on the investment package that you have selected for your BinckBank account. BinckBank Green has the highest rates and BinckBank Blue and Black have significantly lower rates. We would recommend to try out a different investment package in order to pay lower fees.

Kind regards,
BinckBank

Rated 1 out of 5 stars

They are a bunch of thieves

They are a bunch of thieves. After a few years I checked on my account, they stole all the money on it and took all the money I got for the dividends. Their excuse is "service fees". Bold theft, bunch of crooks they are.

February 22, 2021
Unprompted review
BinckBank logo

Reply from BinckBank

Dear Sayhan,

We are disappointed to hear that our monthly service fees were not communicated clearly to you. Since BinckBank stands for transparency, we try to showcase our rates with our best efforts. Obviously, the rates are presented in our terms & conditions as well. Our sincere apologies for not being able to communicate our rates clearly.

Kind regards,
BinckBank

Rated 1 out of 5 stars

Very slow responses from their CS team

Very slow responses from their CS team. Some changes requires you to sign a document ( can't do this digital) what age are we living in? Pricing is high compare to other platforms. No flexibel. IOS app is not great either.

February 18, 2021
Unprompted review
BinckBank logo

Reply from BinckBank

Dear Andre,

Our sincere apologies for the slow response times lately. We do realize that our response times should be more accurate and we are working on realizing that as we speak.

Furthermore, we do understand that clients would like to sign documents digitally. We are working on making that possible in the near future. Since our platform will integrate with Saxo Bank during this year, a new platform, new applications and new features will be added. Hopefully, these new features live up to your expectations.

Kind regards,
BinckBank

Rated 1 out of 5 stars

Very poor customer service

Very poor customer service. Account has been blocked for weeks and cannot sell any shares. Spoke with several people. They are friendly but don't solve the issue. Would never recommend BinckBank

December 2, 2020
Unprompted review
Rated 1 out of 5 stars

Old school

If you like a really old school approach of online stock trading Binck is the one you are looking for! Example: Any additional functionality like: OTC trading, Intraday short etc. requires you to download, print, sign, scan and send an e-mail to Binck. Then you have to wait for 5 business days for your request is processed.

October 26, 2020
Unprompted review
Rated 1 out of 5 stars

IMPOSSIBLE TO GET MY MONEY BACK

It's a month now that I am trying to get my money back (almost 3000 €).
They don't answer the phone, nor to the mails.
I am REALLY wondering if I can get my money back!!
I am going to sue them.

May 26, 2020
Unprompted review
Rated 1 out of 5 stars

Horrible customer service and policy

The company absolutely refuses to let you open a bank account if you do not speak proper Dutch. In a European Country, this is a shame. I would avoid this company as much as possible

June 16, 2015
Unprompted review
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