Binary options Brokers

[HomeTrader007]

Hi Fellow traders,

I will keep this short and sweet, I hope to hear from traders who are actually trading currency binary options 'live' and are not experiencing any shenanigans regarding the live price. Also in the times that you may have a good week does the broker pay out the money in a timely manner ?

SO am I dreaming ? am I asking too much ?

discuss ?

Please, I would only like to hear of any decent brokers, if we talk about the bad brokers we will be here for weeks

 

[LosPinos]

Great post, I am a member of a private binary live chat room and you hear all kinds of tales.

I use PYXmarkets, no price bu£$%$it and they pay out within three days, these are different kind of binaries though.

For up/down 85% binaries I hear that MarketsWorld and 32 red are pretty good but haven't used them myself.

I won mention bad ones or ones I have had a bad experience with as I dont think Trade2Win have the storage capacity.

Hi Fellow traders,

I will keep this short and sweet, I hope to hear from traders who are actually trading currency binary options 'live' and are not experiencing any shenanigans regarding the live price. Also in the times that you may have a good week does the broker pay out the money in a timely manner ?

SO am I dreaming ? am I asking too much ?

discuss ?

Please, I would only like to hear of any decent brokers, if we talk about the bad brokers we will be here for weeks

 

[davidfielder]

MW is getting very good reviews but they are a gaming company (gambling) and authorized by the gaming commission of the isle of man. Not many forex traders would put there money there to be honest. Although, from my perspective, I see no real difference between putting your money in a CYSEC regulated broker OR a gaming authorized company. At the end of the day, both regulators are doing basically the same thing: which is not very much for the trader.

I mean, look how many traders Markets.com has brought in. They are owned and operated by a gambling company (playtech = Teddy Sagi). Again, nothing inherently wrong with is but I am sure it will set many people looking in another direction.

I would certainly recommend any broker who has gone and taken the steps to be regulated. I think it's a noble move. Just don't expect it to mean anything for real - just that you are likely trading with people who at least value a modicum of decency.

 

[HomeTrader007]

Hi guys, thank you for the input I have done some serious research, it seems many do not like winners and paying out. The best seem to be IG but I have never traded binary with them. I understand that it means putting money into a different account than my normal one. Also, as you say this IG Account is operated and regulated under gambling rules rather than trading. If anyone is considering investing in the many offshore accounts please im me before you do. If anyone can vouch for IG on it's binary opertion regarding paying out and respecting winners then please let me know.

 

[LosPinos]

Hi guys, thank you for the input I have done some serious research, it seems many do not like winners and paying out. The best seem to be IG but I have never traded binary with them. I understand that it means putting money into a different account than my normal one. Also, as you say this IG Account is operated and regulated under gambling rules rather than trading. If anyone is considering investing in the many offshore accounts please im me before you do. If anyone can vouch for IG on it's binary opertion regarding paying out and respecting winners then please let me know.

IG are a huge business and I dont beleive peole have issues with withdrawals, you are right its gaming regs. Like I said PYX is an AR which means it abides by the FSA rules through a different regulated business, so its regulated!! I also have measured the returns on both of these eod platforms and PYX is about 30% ahead of IG on what return it offers you. Demo them both would be my suggestion then you can make a decision on what you prefer.

 

[HomeTrader007]

Thank you LosPinos - I have opened a Demo on PYX will keep you informed

 

[davidfielder]

If you are looking for a high end pro system - PYX does look rather good. Although I have just begun researching them now. Purely retail brokers may turn you off as they are as yet unregulated. But some are fantastic and really pay out their traders. I am not going to get into specific broker or anything like that, just saying there are some good ones, and certainly some bad ones.

 

[HomeTrader007]

Hi David, some of the feedback has been truly horrific, I will not name any company in public, but let us just say very dubious, in particular if you accept a bonus off some of them. If anyone would like to recommend a decent broker in private, feel free to message me

 

[LosPinos]

Hi David, some of the feedback has been truly horrific, I will not name any company in public, but let us just say very dubious, in particular if you accept a bonus off some of them. If anyone would like to recommend a decent broker in private, feel free to message me

For up/down binaries David is right MW is getting good reviews and I quite like 32red... but these are gaming houses.

If you are looking at a more mature trading system I would try the two I suggested.

I too have fallen foul of the bonus acceptance with a well known platform safe to say that didnt pan out for me... the next platform I used I refused bonus more than trebled my account balance and couldnt withdraw "admin issues". More like they were waiting for traders to lose so they could afford to pay me out. Anyway in the end I accepted to just receive my deposit back and went away... the way these guys think they can treat clients means they should be locked up.

 

[mpetters60]

Hey everybody. I am new to this forum thing but I am not new to binary options. I have been trading online for years and need to vent.

I do not even know where to start because I have seen it all before. Not just with binary options, but casinos too. Whether it is the bonus, the numbers not exactly where they should be, or payout problems. Can you show me one person who hasn't experienced it with one broker out there?

I have worked with 7 of them now and there are good guys and bad guys just like everything else on the internet. you just have to be realistic. These companies have been don't want to part with their money. There are three things I have learning while sending my money overseas online.

1. They are never going to pay you as fast as you want.
It just matters that they pay you in the end. These companies aren't usually american businesses, they don't hold the same values as us and only think if they send your money eventually its okay. WE ALL KNOW IT ISN'T. But I can tell you stories. Just asking for $200 withdraw just to test out the website and they still take three weeks to payout. I still get pissed every time; its so stupid if they sent me that money the same day which I know they can I would put in 10x that amount. But what can you do? After a year of trading options and foexr and years in casinos, I have learned it never changes

2.The bonus is never good unless you don't have a lot of money to work with or you know how to use it. Come ON people. Can I be the only person who realizes its the same as the online-casinos? Just the amount you got to play with isn't as high but it still works exactly the same. They give you some money and you got to make that last to 20 or 40 or even 60 times they amount. It works like a trap for stupid people ( sorry to stupid people, but if someone is just going to GIVE you $200 you think they don't want something back. ALWAYS ASK QUESTIONS).

That being said if you know how to use it then it could maybe work ( with a lot of luck and maybe a prayer) Only have $300 bucks to invest with having twice that amount can really help. You just have to bare in mind that if you get that bonus you will need to stretch that out at least 20x what you started with to get ANY MONEY BACK. If you don't do that you lost your original $300 no matter what.
But if you have say a 70% win ratio on your investments(bets?) and you keep your investments small, you will in theory be able to withdraw a hole heck of a lot of money. Assuming they pay you (some websites most likely won't, its a risk you take).

3. Last and most important. ITS ALL A GAMBLE. No matter what slots, poker, forex, binary options trading. It does not matter you are gambling. There is a predicable number of odds that you are going to win. There is a predicable number of odds that the website you work with is legitimate and are going to pay you. There is predicable number of odds that most of they money they make is off suckers like me who continue to do it even when the odds are against me.

You need to be ready to accept those odds and do something with it. Whether its managing the risk of your investment (the bet itself & trusting the site) if your not ready to lose that money. Put your hands in your pockets or play in the demos and STOP COMPLAINING. If you want to make some money and have can except loss, then tread carefully and with a big stick.

Wow that felt good why haven't I done this sooner?

 

[HomeTrader007]

Hi mpetters60

You make some great points all freely available on youtube video's, imploring everyone to NEVER take a bonus, as the 'lock' in clause requiring you to trade 20 x your bank value etc etc effectively means you have lost your money. My research points towards IG but still have had no feedback positive or negative regarding IG's binary platform and their pay out credentials

 

[davidfielder]

Hi
I understand your pain mpetters60
I tend to agree that even though 90% of the traffic I get to my site, Binary Options Broker Reviews, News, Analysis, Special Offers is binary bonus related, there are the 10% really looking to learn more about the business and realize the double edged sword that is the bonus.

The thing is, I don't see anything really wrong with this behavior of the broker. Sure, they lock you in. But as you said, if you're dumb enough not to know this/ care about this - then it's your problem.

I don't think the bonuses are the problem. Rather the issue is that many brokers put this in the fine print or say nothing at all. Case in point, I got (and still get) about 10 mails a day about 1 unnamed broker being a complete and total scam. And from the look of things - the clients are 100% correct. One problem, most of the people who are sending me mails are those who didn't read the fine print about the bonus. But some are people who did, still took the bonus, and still can't withdraw money. Those are the real cases to investigate and lock up em up !

 

[davidfielder]

and sorry about how my link looks here - anyone know how to just make it my name? it must drive people nuts and think im a scamming ******* ! Not the case - not my intention

 

[catchacold]

IG are an international business and payout immediately. I've been trading with them for over 10 years and never had a problem with them. They are one of the biggest CFD and binary betting companies on the planet.

Anyone looking at binaries should also check out www.probabilitytrader.com. the website is a quantitative analysis site that gives daily binary setups on all sorts of markets. They say in the about section they have been supplying quant analysis to hedge funds and instos and now providing the info to retail customers. Been trading their reports for a while now and the info is pretty good.

 

[HomeTrader007]

Thank you catchacold, I find that very comforting and thanks for the website tip

 

[davidfielder]

Veritas Securities is the owner of that site and it looks like this is either a broker in the now or a broker in the making. Was this just a shameless plug or are you serious? Looks kinda bad. Also, half their site is not functioning

 

[mpetters60]

Hi
I understand your pain mpetters60
I tend to agree that even though 90% of the traffic I get to my site, Binary Options Broker Reviews, News, Analysis, Special Offers is binary bonus related, there are the 10% really looking to learn more about the business and realize the double edged sword that is the bonus.

The thing is, I don't see anything really wrong with this behavior of the broker. Sure, they lock you in. But as you said, if you're dumb enough not to know this/ care about this - then it's your problem.

I don't think the bonuses are the problem. Rather the issue is that many brokers put this in the fine print or say nothing at all. Case in point, I got (and still get) about 10 mails a day about 1 unnamed broker being a complete and total scam. And from the look of things - the clients are 100% correct. One problem, most of the people who are sending me mails are those who didn't read the fine print about the bonus. But some are people who did, still took the bonus, and still can't withdraw money. Those are the real cases to investigate and lock up em up !

I completely agree. Do not have me misunderstood. I think the brokers are in the right. Like anybody else in this world they want the most amount of money possible. There is not anything wrong with it.

The thing that makes me frustrated is the people on here who think these people are doing this for free. If everybody was getting rich then there wouldn't be 60+ BO brokers out there. They would all be out of business. By the fact that there are so many popping up goes to show you how much money they are making.

But back to the bonus. its a tool and if you take a bonus YOUR MONEY IS NOT GONE. Just to get a return on your investment has become significantly more difficult.

But if someone just doubled your money you should need any fine print to tell you there is some sort of expectation. THERE IS DEFINITELY an expectation. DUH!

 

[davidfielder]

Hehe - I agree with you man
But people are quick to judge and label things scams

 

[catchacold]

Veritas Securities is the owner of that site and it looks like this is either a broker in the now or a broker in the making. Was this just a shameless plug or are you serious? Looks kinda bad. Also, half their site is not functioning

David you appear to have been burnt by someone in the past, so don't be so quick to disregard anything and everything fellow traders pass on. Probabilitytrader is a site i use frequently and having some great success with my binary trading calls with IG.

The only thing that seems guaranteed from forums is know it all people disrgarding other peoples views and suggestions. The site has a free trial option and a paying option so explain how you believe this is a scam? take the free option yourself and test the site before you rubbish anything.

Also they offer hedge fund and institutional quantitative analysis on market movements at $20 a month (hardly going scam you of anything, particularly when the binary setups are ususally for the day and you've already made your money back). Care to let everyone here know how much these big players would charge for this work in the old business models.

Also please share your market research strategies and calls on binaries and lets compare these with what is on the probability trader website. Oh did I say there is also a history of reports there as well.

Anyway, I thought these forums were for fellow traders to share ideas, I currently use the prob trader website and know no one else who does and it would be nice to be able to chat with like minded people about trading ideas. That is all.

BTW, the site is constantly running and they update it with research regularly, the service you pay for is for hedge fund and insto quantitative research reports to make profitable trading calls on, as far i can see they have taken down the tutorial page which is the education page for people like yourself that don't understand it. Must be in the process of updating it.

 

[catchacold]

Sorry i plugged IG there everyone. Didn't mean to offend anyone in the entire trading planet who have trading accounts with other CFD providers.