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Hey Binary Options Traders, check out our broker warnings! There are several regulatory agencies in the financial world. The Agency has researched some of the more prominent ones and found various broker warnings. The most frequently asked question we see relates to brokers. Traders always ask if certain brokers are good. The question eing asked is whether there are complaints lodged against a certain broker, is it regulated, if not, why?
Contrary to what people think, there is no certain way to assure hassle free trading. We do not necessarily blacklist a brokerage just because it us unregulated.
Our view of this is simple. Regulations are helpful, but not the answer to all problems. You can have a regulated broker fail to provide customer support.
That same broker may offer a trading bonus and freeze your money. All the same opportunities exist whether you are regulated or not. Always check the fine print of any trading platform. Is the company offering trading bonuses? What is the catch if they do? It is important to research any broker, but check other sources to verify it is a legitimate broker.
Virtually all geographic regions have regulatory agencies. We have compiled a list of some recent warnings from a few of them. This agency publishes a list of suspect brokers, based on a number of factors. If a company appears on the broker warning, rest assured there is cause for concern. These are operating brokerages, but not regulated in the country. You can view the entire warning clicking here: Below is the list:.
Italy also offers a broker warning. Click here to check out their website. The above lists are provided as a guide. We offer links to help you navigate binary options smoother.
We see a few brokers our team has previously used with certain auto trading software. None of the brokers we have used pose any issue with withdrawals. Nonetheless, enough complaints must exists for these folks to make the blacklist! Investors may get cold calls from unknown brokers looking for their business.
Are these brokers unworthy? Maybe or maybe not. Always look into the company background. Be prepared to see positive and negative reviews for all brokers.
We suggest not making decisions on user reviews, but rather consult some of the above websites for the broker warnings. Check with practitioners in the industry to see what users are saying.
Always remember, binary options, like any investment, carries some risk. Minimize this by researching prior to depositing any money. Yes,, All the brokers I keep getting are on the list. The frustration continues ,, The search for a good broker continues.. This is a warning list, not necessarily a guaranteed scam.. Many people, including us, have used some of these brokers.
I am with Wikitrader and was allocated 10markets I deposited the required funds and got verified but I have been fighting with them to sync my account with Wikitrader but they are refusing to do so until I speak with the trading specialist again, I dont even have a trading platform. I have now threatened to withdraw my funds and report them to the VFRC who they are registered. It sounds like WikiTrader was not synched properly rather than your broker withholding it until you talk with an account manager.
The account manager will ust pressure you to deposit more money and trade with the broker. Hi and Happy New Year. They called and wanted to let them trade for me etc but I refused.