Binary Brokers List explained by professional Forex trading experts the “ForexSQ” FX trading team.
Binary Brokers List
Binary options can be described as the intersection point of online trading and gambling. In their essence, these options are nothing but bets on the direction of a price movement. This simple way to trade, however, is widely understood as a scheme to rob gullible investors of their money, as scam binary option brokers are all too common in the industry.
Binary option scams can come in many forms and shapes: unrealistic promises of huge profits, price manipulation, withdrawal refusals, crooked robots and other auto trading services, etc.
Most of binary option brokers are not regulated, or are registered offshore, which is almost the same actually. Others are regulated in Cyprus – the most popular jurisdiction for binaries brokers – which provides a certain level of security.
In fact, Cyprus was one of the first countries ever to treat binary options like financial instruments and to grant binary options brokers investment firm licenses.
Lately, however, the binary options industry is being subjected to increasing pressure from various regulators and authorities across the world, Cyprus included. These regulatory moves come as a result from the numerous fraudulent activities in the industry.
Binary options are banned altogether in some countries like Canada and Israel. The latter has even forced international call centers with operations outside Israel to shut down. In the US binary options trading is allowed only on one of two authorized exchanges – NADEX and Cantor Exchange.
In the European Union, binary options brokers that are regulated in one country are allowed to operate in all other Member States under the license passporting regime (established under MIFID). However, some national financial regulators placed some restrictions on binary options, such as the advertising bans in France and Belgium.
So, finding a decent binary options broker isn’t an easy task. it’s a matter of doing your due diligence check before you decide to invest. First, check where are the broker’s headquarters and whether the company behind the brand is licensed. User reviews can also be helpful (that is, if they are genuine), but we would not recommend that you make a decision on the basis of statements made on the broker’s website.
Binary Brokers List Software Conclusion
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