There are so many complaints about most brokers over on
https://binaryoptions-forum.com/. I'm interested in trading binary options and want to get started, but I just don't know if disclosing my personal info is a good idea anymore. Can anyone help? With which company do you trade? Are you satisfied?
I traded with the
North American Derivatives Exchange (
NADEX.com) which is the only binary options broker regulated in the United States and is TOTALLY legitimate.
I believe they went international some time around February or March 2015, but their setup is radically different from all the other binary options brokers. I think some people look at it and walk away because they see it as being too complicated, but anyone with the ability to put out a little effort should be able to understand it. Plus, they have PDF documents that explain everything, there are almost certainly instructional videos on You Tube, and you can practice with a demo account. (Though I DO use alternative charts since I very much dislike the ones they offer through their platform.)
I don't recommend them because I don't recommend ANYTHING to ANYONE, but I'm just informing you of a 100% legitimate outfit.
However, if you know what you're doing, its a LOT easier making money trading Forex going the traditional route, and I understand there are places that will let you trade micro lots (or even nano lots?) if initial account balance is an issue.
That said, I just started working on my own binary option system today, so I don't mean to turn you off, but then again, I'm using proprietary indicators to which no one else has access and am using a knowledge of price action and market structure of which I was TOTALLY unaware when I started five years ago. However, all things being equal, if I get this system working, I'll be focusing on binary options a lot more than anything else.
