binary options

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?
 
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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.
 
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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?
 
mikenin said:
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.
Click to expand...

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
 
Haley I am one of your customers at Eztraders,and the earlier post was correct! YOUR COMPANY DOES NOT GIVE BACK WITHDRAWALS! When I kindly requested mine. I got a Million excuses First excuse was. when i spoke to the ,so call withdrawal department. They told me they were not the wiithdrawal department. I then told them then why did the auto message on the phone said press (5) for the withdrawal department.

After looking at reviews I told the lady i spoke to your company is nothing but a FRAUD! she hang up. I called back,and asked why'd she hang up.. She lied ,and said she mistakenly pressed the wrong botton lmao! Then I got an email saying the withdrawal department are having "technical difficulties" to give me my withdrawal on my credit card. Your company sure didn't have any "technical difficulties" accepting, and with drawaing my money from my credit card, when i made my deposit to start trading, now all of a sudden that I request a withdrawal you are having" technical difficulties"?

Then I spoke to live chat, and you said you don't have contact with the withdrawal department, and give me your email to contact you on.What kind of ligit company don't have phone access to their withdrawal department? the 646-666-9677, so call number I was giving by the,so call withdrawal department manager (Leo) DOES NOT WORK! they said I would have my money in 24/hrs through pay pal I've got nada zero.

I took a screen shot of all conversations, on live chat with these,so call account managers, and screen shots of my account. I also taped all (phone call conversation) with each,and every one at the eztrader department,and have everything on record to keep as solid proof what RIP OFFS! they/you are!

By the way"Haley Martin" I've been communicating with you for a very long time,and your given name you give to me was "Haley Gonzales",so which is it? All you guys need to stay away from this company . Don't feed into " David Campbell" Leo, Haley, Nicole, Danny, nor any Carolina who all work for this company. They are FRAUDS plain,and simple,and i don;t care how much they try to down play it. You guys are better off pissing your money away at English Harbour casino, at least when I win over there, and ask for my withdrawal they refund me all of my hard earn money with out complications.

Eztrader, is so call registered in Cyprus , their accounts are in the British Virgin Islands, Bahamas, and head place is in Israel. My good friend is a diplomat,and he ,so kindly dig deep into eztrader for me after i told him that they were giving me the run a round,and stupid excuses as to why my withdrawal can't be made to my pay pal as of yet! Don't be a fool,and feed into their false 75% in profit hype LMFAO!the other contact numbers for these idiots is (212-937-7794) I'm going to make it my business to let everyone know what a false,and dis honest company eztrader is, and warn every one not to deposit money. it's easy for you to deposit, but LONGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG Delays to get your money AND I CAN PROVE IT! not just me,but I asked several of my friends to sign up for eztrader their deposit went in smooth then when it was time to withdraw their money they confirmed what I had already came to mind. That they are a SCAM not LEGIT! the same BS they fed me when I requested my money was the same BS they fed the all (6) of my friends! I asked them to sign up for eztrader,and test their company they think their smart,but I'm smarter STAY FARRRRRRRRRRRRRRRR AWAY FROM EZTRADER!
 
I just joined today so sorry if this is a naive post (I dont have anything to contribute about how to trade).

I trade binary options, it fits nicely with my job as a locum doctor (dont have time to watch a screen but like trading and like limited risk). I was with a Cyprus based company, and YES I had problems getting any money out from them. Nightmare.

Anyway now I use www.optionfire.com because they are FSA regulated. They have a "broker" type person/people in London, and a real office. As I do locum work in london I made it my business to check them out. They are in the city near cannon street tube. I never went in to the office, but it exists. Then I made a deposit of £1000 and then the next day i withdrew it. A bit sneaky, but I just want to check. They paid me back with no problems. Then I re-deposited it and spoke to broker who said "we get that all the time, as we are FSA regulated binary options broker we pick up business all the time from unregulated platforms".

They are good IMHO. I get a newsletter every day and a text message when some big news is out. I know that its designed to encourage me to trade, but again when i am working its helpful as I can use my iPad and make a trade quickly before i see a patient.
 
locumdoctor said:
I just joined today so sorry if this is a naive post (I dont

Anyway now I use www.optionfire.com because they are FSA regulated. T said "we get that all the time, as we are FSA regulated binary options broker we pick up b
Click to expand...

on FSA website it says "Appointed Representative" DOES this mean they are not really full member?

DO we get same level of protection from FSA as we would if we deal with a major regulated UK broker?
 
Further the website keep referring to ASIC rules when they claim they are FSA regulated???
ASIC money rules do not protect your funds if brokers goes out of business.
read the PDS
something not 100%
 
moksha99 said:
Further the website keep referring to ASIC rules when they claim they are FSA regulated???
ASIC money rules do not protect your funds if brokers goes out of business.
read the PDS
something not 100%
Click to expand...
I asked them this just now (before i start my real job and start ward rounds). The company that looks after the optionfire in uk is merchant capital. its "aim" listed. they were very helpful and nice. i am going to speak to their Compliance officer and receive an exact statement today.

all i know for sure is that i had money with cyprus broker, they never pay me out. speaking to a human was impossible - the right person was never available. these guys pay me out and will take my calls. they will not risk their FSA regulation or their ASIC regulation to take money from me - I have a legitimate place to make complain to, not some person in cyprus.

i dont know their business and i dont want to, all I want to do is put my money where I get paid out when i make money. in terms of risk, my account is only £2000. every time I get to £3000 i take £1000 out. that part is the part that i could never do with cyprus (I not mention their name as i still in dispute).

it sounds like some of you perhaps have a lot of money in a binary account. why would you do that? maybe you trade $1000 per option or something? I am small fry at $100 :cheesy:

i post back after tomorrow when i speak to the people in london. i will ask them how this all works. i am at london hopital tomorrow so maybe I can even go and see them.
 
Dear Doctor
Yes I agree that ASIC is perhaps better than Cyprus! but why is it if thsi company is FSA regulated then keep referring to ASIC
Getting ASIC licnecing I think is easier than FSA
Also you mentioned another name ... the FSA Authorized rep is another name.
Also with ASIC just because Australia is a first world country don;t believe that consumer is protected to highest level
Sonray capital markets a Saxo bank white label partner took people for ride for 47 million and ASIC is waking up after the event

If I were you I would DOUBLE check how exactly are you protected under FSA?by asking FSA
Does FSCS insurance cover Binary options brokers? ( sure it does cover clients of Stock broking firms)
Perhaps a bigger outfit like IG markets UK is better they also have binary options
 
Also remember
you are playing with a market maker
- they can change the payout % as they like ( not after taking a position but in general trading days) meaning you may see 81% return on GBP-USd today next time it me be higher or lower
- they can remove or add instruments as they like!
Exchange traded Options Spreads ( say currency option) gives you similar Binary type of payout
 
Hi,

I've been following and participating in the binary options platform for a while now for the benefit of my own clients.; i'm happy to share my experience with you.

From what i understand; I've noticed that most of these platforms bet against their customers in order to enlarge the platform's chance of winning, while decreasing yours.

I've been working side by side with Banc De Binary (BDB) for the last 6 months after trying anyoption, ez-trader, traderxp, spotoption and optionbit, and their service is wonderful.

The platform comes with real live annalists, top brokers (that even give me advice), market reviews, affiliate program and the best customer service I've experienced in years. I feel Banc De Binary go the extra mile for their customers, and their customers' customers. If you're not sure about the platform enough to invest money off the start; BDB WILL LET YOU DEMO THE SITE FOR FREE, so you can see for yourself (just ask for a demo on their livechat).

I hope this helped.
 
HarveyDent said:
Hi,

I've been following and participating in the binary options platform for a while now for the benefit of my own clients.; i'm happy to share my experience with you.

From what i understand; I've noticed that most of these platforms bet against their customers in order to enlarge the platform's chance of winning, while decreasing yours.

I've been working side by side with Banc De Binary (BDB) for the last 6 months after trying anyoption, ez-trader, traderxp, spotoption and optionbit, and their service is wonderful.

The platform comes with real live annalists, top brokers (that even give me advice), market reviews, affiliate program and the best customer service I've experienced in years. I feel Banc De Binary go the extra mile for their customers, and their customers' customers. If you're not sure about the platform enough to invest money off the start; BDB WILL LET YOU DEMO THE SITE FOR FREE, so you can see for yourself (just ask for a demo on their livechat).

I hope this helped.
Click to expand...

Hi - this is a quick post as i am on a break. I think you will find Banc de Binary is (a) a white label of Sportoption (b) completely unregulated - see their regulations page http://www.bbinary.com/Regulation of Accounts - its "Under construction".

Further, it doesnt take much investigation to see the Wall St address is simply a holding address. Given you are being given advice by brokers I'd like to understand how they do this from the USA without being NFA registered or for the UK without being fully FSA registered. So just for fun i asked them in chat for their fsa numbers of the brokers with the online chat. they became abusive and refused to give me their numbers. fsa or nfa would be sufficient.

impressive customer service ...... maybe you can get the numbers?
 
moksha99 said:
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
Click to expand...

No, they are scamming. They manipulate prices which you can see if you run a live FXCM feed while trading. I've downloaded the brower code and can see that they let you win at first (security level=0), then when you win a little they raise you to (security level=1) which means they display prices different than the actual price by about 20 pips. If you still find a way to win they upgrade you to (security level=3) which prevents you from betting agianst the direction they are cheating. If you ever see "option suspended", you have reached level 3 or 4.
 
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