binary options

Anyone of these sites actually legitimate? (i doubt it )

http://startoptions.tradesmarter.com
http://www.marketpunter.com.au/options/

http://www.eztrader.com/
http://www.binarixtrading.com/?bta=386

http://www.traderxp.com/

http://www.anyoption.com/jsp/aboutus.jsf

The most legitimate and regulated without any manipulation is NADEX www,nadex.com it is a binary exchange

Actually I think all of those sites are legit. I can at least speak for anyoption, eztrader, and binarix. They are simply binary options brokers. What makes you think they are not reputable? Have you had a bad experience with them?

Well for the most part the ones you mentioned are not regulated by any meaningful regulator, being regulated in Cyprus as they are is always a red flag no matter if it is binary broker , or forex broker. The biggest red flag is that you can take the trade but are locked into until expiration. Thats basically like betting on a sporting event, its a bet not a real trade. If you goto Nadex which is regulated by the CFTC and an exchange, you can trade binaries , and instead if gambling you can trade in and out of them. They are binaries that have a bid and offer and trade like a future or stock and still have the 0-100 binary values. That is a transparent binary, the other firms you mentioned are betting firms that take money from unsuspecting people. Like for example you can deposit 5k into somewhere like eztrader and get a 2500 dollar bonus, ( which of course is a huge red flag) So now you have ur account where u put in 5k they gave you 2500, so a total account of 7500 dollars. How do you get to keep that bonus at these places? Well they make u turn over that full amount of 7500 dollars in trades 4 TIMES, YES 4 TIMES! So thats 30,000 dollars in turnover on your account to keep the 2500 dollar bonus, hmmmm. Makes you think a bit, if your smart you can see the shady ploy. And of course if your in the United States, you do not even know if it is legal or not, just becuase you can open and fund an account does not necessarily make it legal here. If it was legitimate, then they would have the capital and legal capacity to get regulated in the states so people would have no problem with legitimacy issues. But the fact that people go to Cyprus to say they are regulated is a big no no, Cyprus regulates firms where other countries will not. If you cannot obtain direct regulation in the UK by the FSA or regulated by the CFTC then its not a legitimate firm, so stay away. There are several great firms to trade binaries in the UK an one in the US. The problem is people see the 70% in an hour line from the likes of Anyoption and Eztrader and get excited, its crap. People still need to learn to trade with binaries. This firms I just mentioned give true binaries a bad name. Ig Index, Ig markets and Nadex are the places to be if you want the safety and transparency and the true ability to trade.

I understand what you are saying, and you don't have to go to these places, but that doesn't mean they aren't legit. Some people like the idea of "betting" on an asset. What these places offer should be taken at face value. I don't see the problem. They are offering a place to bet on the markets, where you stand to gain a nice chunk of change if you are right, but lose most, or all, of your investment if you are wrong. It seems pretty straightforward, but obviously very risky. Anyway, people should know what they are getting into no matter what they do with their money. They aren't scamming anyone, just profiting off of a lot of bad investments. Thats my take on it.

As someone who works for one of these binary brokers, you should know that we are soon offering early exit and late entrance options on trades. Traders will be able to enter and exit binary trades at any point they wish. This is available on most of the leading brokers and gives traders the same option as those using the NADEX.

I'm new to binary options and will look into Nadex soon. I joined a broker named GlobalOption without really any knowledge of the stock market, but surprised myself at how well I apparently was doing. Starting off with $30.00 trades mostly I got up to nearly $300.00 quickly, but got courageous and decided to invest a little more. That's when the losses started and it seemed like for the most part the losses were amounting to more than the wins, therefore I went back to $30 and $40 trades. Also I learned about hedging which helped curb some of the losses, but the account kept going down until I didn't have enough to continue the minimum $30 trades. I don't believe I'll join any more brokers from Cyprus, but will look into Nadex. Why are there not more brokers located in the US?

They may be legit agree but one thing any trader investor must consider is Is the regulatory environment robust ? Cyprus or similar small jurisdictions certainly raises red flag.
Even in good regulatory environments there is a different in risk between trading on a regulated Exchange traded Product on a True Exchange and trading with a Market maker OTC product. Example:Clients of OTC brokers in Australia ( FX/ CFD) DO NOT enjoy the same level of protection as that of Exchange participants
SO far Binary Nadex USA / IG UK/ Australia are the main option as of today!
Any others? Cantor? CitiIndex?
However Nadex is not a true exchange it is still a Market Maker so you are trading against owners of Nadex the business name just has the word "Exchange" in it's name