Are binary options safe sales

By: seoden_ On: 08.07.2017

One of the best ways to trade safely is to make a clear distinction between regulated and unregulated brokers. It is always better to choose a regulated broker. Many traders are wondering why is it so important to make a deposit with a regulated broker, especially when unregulated broker offers higher bonuses or better benefits.

The answer is simple — regulated brokers are obliged to follow all legislation and regulatory framework provided by the regulatory body. This means that customer protection is on the much higher level, as government agencies are always looking for a way to create safe conditions for their citizens.

This leaves very little space for false advertising, manipulation, and other unethical business practices, as brokers can easily lose their license. Trading with regulated companies gives users the opportunity to trade in safe conditions from the very start. When it comes to regulation, binary options are no different than other industries — the unlicensed status usually means higher risk.

are binary options safe sales

This means, that rules of binary options trading can change anytime. Also, regulators are never keen on unregulated binary brokers, and they are often publishing warnings regarding their operations in certain territories.

It is not uncommon, that an unregulated broker simply disappears from a certain market due to warnings, and traders are left without any explanations or their money.

are binary options safe sales

Unprofessional business practices are those that put traders in unfavorable position, often without them even knowing what is going on. Unethical business behavior is sometimes hard to recognize as it is disguised by flashy banners and great promises.

This makes it almost impossible for a trader to withdraw their money, and they are literally forced to trade with the broker, hoping they will reach very high trading volume one day and get their money back.

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On the other hand, regulated brokers follow certain regulatory rules about bonuses and are obliged to warn trader about all conditions and possibilities. Find out everything about binary options bonuses. This problem is frequently seen with unlicensed brokers. As the trader has no legal protection in form of a regulator, the broker is not processing withdrawals and is always trying to find an excuse. Instead of promised 5 working days, sometimes it takes months and a lot of effort for traders to get their money back, even when all terms are met.

Auto trading is a very popular way of trading when robot places trades instead of the trader after fast and precise market analysis. They often claim that they have permission to trade instead of the trader, but rarely offer any proof.

This practice, that is extremely unprofessional, brings trades into unpleasant situations, and they no longer feel safe with their broker. Personal data is private and confidential, but practices like this are ruining the reputation of all brokers — regulated and unregulated alike. Read more about cold calling and stolen data in binary options. Binary options regulation highly depends on each and every country.

There are many regulators all over the world, but two are most important: US traders should know that binary options in the USA are only allowed via regulated exchanges, such as NADEX. Even though CySEC is well-known, there are also local regulators in every country. Some of other regulatory bodies in the EU that are active in the field of regulations are Italian CONSOB , FCA from the United Kingdom, and Finanstilsynet from Denmark.

Binary Options are regulated in other parts of the world as well. In Australia, traders can rely on Australian Securities and Investments Commission ASIC , and traders in New Zealand can trade with brokers regulated by Financial Markets Authority FMA.

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In Canada, binary options are regulated in every of territory and province, with the main regulatory body for financial regulation being Investment Industry Regulatory Organization of Canada IIROC.

All these regulatory bodies are regularly publishing information regarding latest unregulated brokers that appeared on the market and are focused on protecting the public from unlicensed companies. Some of them are good in many aspects but are simply missing the license.

However, we at Fair Binary Options consider regulated status more important than ever, as we put our readers in the first place. Many readers who reached for our customer support experienced issues when trading with unregulated brokers.

Regulation has many benefits for both brokers and traders. By gaining a license, binary brokers are becoming legit companies that are trustworthy and reliable. Thanks to regulation, both sides know what to expect, and what their obligations are. There is no space to maneuver with bad business practices.

Here are some examples of obligations of regulated binary options brokers that are promising fair approach towards users:. Unregulated brokers are not obligated to follow these rules by any means. It all comes down to good will and ethical code of conduct.

By choosing an unregulated broker, traders expose themselves and their money to much higher risk that rarely pays off. They can use any tactic they like with their customer support and simply disappear over night. Find out more about CySEC Investor Compensation Fund. Traders can also report any form of unprofessional behavior to the regulator, while in the case of unregulated brokers they are left on their own.

This website is independent of binary brokers featured on it.

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Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed. The website does not provide investment services or personal recommendations to clients to trade binary options. The potential client should not engage in any investment directly or indirectly in financial instruments unless s he knows and fully understands the risks involved for each of the financial instruments promoted in the website.

Potential clients without sufficient knowledge should seek individual advice from an authorized source. In accordance with FTC guidelines, FairBinaryOptions.

Binary options trading entails significant risks and there is a chance that potential clients lose all of their invested money. Your capital might be at risk.

Investment Rating Your capital might be at risk. Unregulated Binary Options Brokers One of the best ways to trade safely is to make a clear distinction between regulated and unregulated brokers. Brokers in the list below are unlicensed binary brokers.

Capital de Binary Review. Binary Options News Jun Top 10 brokers Broker Min. The experts at Fair Binary Options highly recommend this award winning auto trading robot. Customers from Fair Binary Options can get One month free VIP access. This Broker does not accept traders from your country. Instead you can trade with a trusted partner: Trade with the best Binary Options Robot on the market. We suggest you visit one of the popular brokers instead!

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