binary options

I'd like to share some observations here. I'm a very experienced trader but, admit to being a complete novice where binary options are concerned.

One of the worrying elements, when thinking about trading binaries, is that many firms come under the supervision of "mickey mouse" regulatory authorities. I don't have any confidence in companies regulated in Cyprus. If the company went bust, I think your chances of compensation, from the Cypriot government, may be between 0 and zero. I have never seen any evidence of claimants being paid compensation by the Cypriot financial authorities.

Whichever company, we trade with, should come under the auspices of a proper regulatory authority. It's essential that a genuine, investor compensation scheme exists. It's hard enough to make profits from trading without having to deal with even more phoney brokers and flakey regulators.

From my own research, it appears that binary options brokers are the biggest "rip off" merchants in the world of trading. If anyone can prove me wrong, then please do so. I would welcome getting shot down in flames, as a result of this post. So far, I haven't found a "binary options only" broker that I could have any confidence in.

you can go with Nadex ( regulated binary exchange belongs to IG ) in the US , you can use pfgbest as a broker ....

[/I][/B] I completely agree with you alan5616. I'm a bit of a newbie to trading and i've spent many hours studying both legit trading and binary options trading and to be honest i'm a little worried about the latter.

Nadex and Igindex are both related and they are both regulated but if you read the small print you will notice that the regulation does not include binary trading. In fact they are regulated by the gambling commission (which is better than nothing i suppose).

But traders beware of these good looking sites from cyprus promising 70-80% profits in 5minutes etc. I've read a hell of a lot of bad reviews regarding these companies and it disgusts me that nobody seems to have the power to close these sites down. They promise the world and they actually are pretty good to you at first (just to suck you in) and then the nightmare begins!!

Money that you have earned will not ever get to you and also they seem to change their algorithms so that you can rarely win a "bet". It has nothing to do with the "real" markets and seems more like a roullette wheel at a casino (an online casino).
In particular i should stay away from Banc de binary,anyoption and any of the other sites that are located in cyprus.

It is probably safer to stay away from binary trading altogether as i hear that even ig and nadex are "cheats" (when it comes to binary)and they don't care about the real market prices and will eventually always make sure that your bet will lose and therefore they will win.

Please be aware that this is only my opinion due to reviews/complaints that i have read online and i haven't actually traded binaries on any site and therefore what i have said is purely speculative.

I guess the only satisfaction we can all get is knowing that the owners of these binary options sites will eventually rot in hell! Or even better,maybe they will have an epiphany and start being honest.

P.s I apologise for this massive thread and i hope not too many of you have fallen asleep at your computers.

Nadex is an exchange which belongs to iggroup , it is subject to CFTC regulatory oversight .

This binary options market seems to be "a can of worms". In theory, it's a perfect vehicle for retail traders that want to make short term trades. It can be as short as 1 minute, from what I have seen. Many brokers now quote 5 digit prices so, the potential for profit is a reality perhaps, I should say "virtual reality"

On Monday, I phoned a binary options broker, who has a London office. I thought that there was a good chance they would be FSA regulated. Their employee told me that they were registered in Europe. When I enquired about a regulatory body, there was silence at the end of the phone. He then reiterated the fact that they were registered in Europe. Enough said!

i am Taye John, a forex trader and option trader as well.
i saw an opportunity of opening account with $50 or Euro without deposit. As soon as you open account, $50 would be deposited into your account. that sound good to get started on option trading.
Not only that, when you deposited, up to 200% of your deposit would be credited to your account.

You would also have the opportunity to open $1000 demo account and book for training on how to trade option.
Thier withdrawal is between 3-5 days.
That is one way of making money on their option site.
What is more, you can become an affliate yourself and stands a chance of having your affliate links that you can post on forum and make money from.
When you compare the affliates benefits, it can not be compare with others.
When you become an account holder and registered as an affliate, you see for yourself.
they say seen is beleiving.

BINOA - OPTION BINAIRE - Les options binaires

copy the above link and get your $50 or euro instantly

if you need asisstance, call on me on skpe - john_taye
You can add hotmail.com to the above skpe to mail me.
Taye John ogungbemi

I think the distinction between most binary brokers and Nadex is an important one. As pointed out above, Nadex is an exchange regulated by CFTC, same as any US-based futures exchange. That applies to any product that they list, binaries included. Like other futures/options exchanges, Nadex's revenue comes from transactional fees. Just like the other futures and options exchanges in the U.S.

CBOE is another US-based, regulated exchange that lists some binary options. Though unlike Nadex, binaries are not their main product offering. Like Nadex, CBOE is a fully regulated exchange that provides the matching mechanism for the markets they list. Revenue is transactional-based.

Thanks dowtrader. You are right about nadex, i take back what i said.