Is binary option trading legit

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The Binary Options Blacklist with Reviews & Ratings.

Our list of legit and recommended broker s.

Unverified brokers.

The Blacklist – Brokers To Avoid.

Helping you avoid the scam brokers and find the legit ones is why we created the trader driven Binary Options Blacklist . We welcome you to our virtually ‘no holds barred’ ratings, comments and broker reviews website.

The binary options industry experienced an increased in popularity lately. Traders from all over the world now have access to an industry that prides itself as being the simplest form of trading.

Yet, there’s a lot of controversy surrounding it. Many brokers simply fly under the radar. Meaning, they’re not regulated. Others, simply don’t operate legally in a country or territory. For this, they use offshore companies.

In other parts of the world, trading binary options is simply illegal. It’s not allowed for a broker to offer the services.

Moreover, on top of all these, in most of the countries in the world, there’s no legislation. Because of that, brokers found an opportunity to profit from people’s desire to make a quick buck. As such, the industry is plagued with scammers.

Not all brokers fall into this category, though. Many of them run eligible businesses. However, the problem comes not from the broker’s side, but from the traders. Traders have the impression binary options is an easy game. First, this is not a game. Second, it can be anything, but trading binary options is not easy.

When compared with other financial products and financial sectors, trading binary options comes with a handicap. From the start, the traders must use a risk-reward ratio that is unfair.

To put this into perspective, imagine the Forex industry. Any serious trader doesn’t even think of going in a trade without 1:2 or more as a risk-reward ratio.

This means that for every pip or amount risk, the expected reward is minimum two times. This gives room for error and allows traders to incorporate losses while the account still grows.

In the binary options industry, the maximum reward is around 90%, with most of the times the rate or return being well below this number. From the start, traders face tough conditions.

What Are Binary Options.

In principle, trading a binary option is a super-simple process. Or, at least, it should be.

All you should do as a trader is to guess the direction of a market or financial product. Namely, if you think the price of an underlying security will move to the upside, then you should trade a call option.

On the other hand, if you think it will fall, you’ll trade a put option. Note that you can only buy an option. A put for a bearish setup and a call for a bullish one.

When compared with Forex trading, the difference is that a Forex trader buys or goes long, and sells or goes short. Still, he/she needs to give the general direction.

Moreover, when it comes to binary trading, traders must set an expiration date. In fact, a binary option has two elements traders need to decide upon: the striking price and the expiration date.

No only traders need to indicate the direction (that’s the entry price or the striking price), but they need to indicate a point in time when the option will expire.

In plain English, a point in time when the comparison between the striking price and current price will be made. Based on the outcome, it is said that the option expires in the money or out of the money.

The pros of trading binary options come from the simplicity of the product. Moreover, with a sound money management plan and avoiding short-term expiration date, trading binary options is a nice way to diversify a portfolio.

Unfortunately, the cons overcome the pros. Because traders need to indicate the time element. The holy grail in trading is price and time, and binary options include them both.

Binary Options Scams, Ripoffs & Bad Trading Sites.

As mentioned earlier, the industry is plagued with binary options scam brokers. Because of this, it is very difficult to read a positive review even for good brokers.

Traders must know one thing in advance: a broker must be regulated. This is not valid only for the binary options industry. In general, if you place your money in a trading account, you’ll want that entity to be regulated.

The financial authority that regulates a broker gives a license number. To be regulated, the broker must follow specific rules and have a specific conduct when doing business. The license can be suspended if the financial authority finds out otherwise.

Unfortunately, regulation costs money. It is an expensive process and brokers don’t like spending money if they can find other ways to attract traders.

As such, they register the company in an offshore environment, without being regulated by a financial authority. From this moment, scamming people is quite easy.

The most popular and “legal” way to scam traders is to offer them a welcome bonus. This is similar to the Trojan horse in the Greek drama story.

The thing is that the brokers offer the bonus but tie it up to a super-unrealistic trading volume. In other words, traders can’t even withdraw their deposit, until the trading volume is reached.

Needless to say that the more you trade, the more risks you’ll take, and, in the end, the chances are with the broker, meaning traders will lose their capital. Statistically, in Forex trading, over ninety percent of retail traders lose their first deposit.

In binary trading, the chances are even bigger than the ones in the Forex industry. A bad trading site doesn’t make public the registration/regulation number. That’s the first sign the broker is not trustworthy.

We use the comments here on the binaryoptionsblacklist to rate and classify different brokers. A green badge means the broker is trustworthy, according to the median of the comments here, and is verified. An unverified broker gets an orange badge, while a scam deserves nothing but a red badge.

Approved – A green badge means this is a broker that we trust. We would and or do trade with today. These are the current leaders of the binary options industry, & where the majority of traders are trading today. They have a positive reputation in general, a track record of integrity, fairness and competitive returns. We feel most confident trading binary options at these sites.

Use Caution – A yellow badge means that we have not done enough research to decide on this broker yet. This is a broker that has been recommended by others as a place to trade. There was not enough info to make an informed decision about the broker to rate them green or blacklisted. Comments and trader reviews highly encouraged on yellow rated sites to help educate everyone and update our ratings.

BlackListed – When a broker has the blacklisted red badge this means that we would not trade there. There is enough negative information found through our research that we decided this is not a binary trading broker that we would feel comfortable depositing money at. Since we would not deposit our money there, they get the Black List badge.

Binary Options Trading Sites Listings – How We Get Our Top List.

Without being regulated, a broker will always have a dark shadow on its name. The purpose of regulation is to protect customer’s interests.

A good example comes from the Forex industry. When the SNB (Swiss National Bank) dropped the peg on the 1.20 floor on the EURCHF pair, many brokers went busted.

However, because they were regulated, the clients could receive the money from their trading account. It took a few months, but the whole process was well-communicated and there was never a shadow of a doubt that the financial authority would not step in.

As such, regulation is a must. Regulation comes with specific conduct. A broker cannot simply do what it wants with the funds it receives.

Tougher regulation comes with segregated accounts. It means the funds deposited will not be touched by the broker. They’ll be deposited in a separate, segregated account at a custodial bank. The broker will only earn from commissions and fees. This way, everyone’s interests will be aligned in the same direction.

A good broker doesn’t have a minimum deposit. Or, if it does, it is quite small. They leave the option in the hands of the trader and use the time they trade to offer the best possible trading experience. Starting with the opening of an account process and ending with withdrawals, there should be no flaws what-so-ever.

Typically, a good broker will have good reviews. However, even reviews are sometimes scams. Because of the tough competition, people are sometimes paid to say things about a broker.

Other things like the possibility to trade on a demo account, to choose if you want a bonus or not, if the broker offers a trading app or not – all these are part of a good broker. However, everything comes after regulation.

Scam Brokers and Claims of Fraud and Theft – What Is Really Going On?

Unfortunately, the binary options industry has a bad reputation. The problems start from the way the industry is advertised.

Traders should know that buying a call or a put option requires the same strategy as buying or selling any financial product. Therefore, everything is the same.

While traders know there’s a lot of risk involved and succeeding in financial trading is not an easy task, the binary options traders fall prey to false advertising. How many of you saw at least one commercial in your Inbox or online saying that the lady that sells groceries just made a profit of a thousand dollars in a day? Probably all of you.

Now, let’s try to keep it real. Why would anyone advertise like this? Moreover, why would anyone believe this is true?

In fact, binary options trading is no different than Forex trading, or CFD’s, Stocks, and so on. The process is the same: traders use technical or fundamental analysis to buy/sell a financial product.

What makes binary options even more difficult is the time element. Traders must choose an expiration date for their option, on top of the right direction.

Most of the binary options blacklist brokers end up stealing people’s money. They have aggressive selling techniques, dedicated trading managers, that simply don’t care about the basic principle of money management in trading.

Scam brokers will always push for traders to trade more and more. Especially short-term to very-short-term expiration dates. In fact, the chances to be consistently profitable trading one-minute or five-minute binary options are almost close to zero.

Moreover, unverified brokers use the same principles as a market maker broker does in the Forex industry. Namely, they create a “virtual market” for their clients.

In other words, they don’t “route” the orders to the interbank market or other liquidity providers. They keep all their orders in house and bet on the fact that the clients will eventually lose their funds.

When that happens, they book the funds for themselves. There are plenty of software specialized in mirroring quotations.

Independent Binary Broker Reviews – Comments and Ratings from Traders.

That is an interesting topic to consider it, especially if traders want to find verified brokers. There are several things to consider.

Firstly, regulation. If the broker is regulated, it means a financial authority verified it and its activities. Moreover, the process repeats on a constant basis.

Secondly, independent parties, like websites as this one, may take upon the task of listing scams in the industry, honest brokers, and give a ranking of good and bad brokers.

On top of it, customers reviews matter the most. Here, too, things must be taken with a grain of salt. There’s a lot of spamming going on. Scam brokers comment and spam forums too. For this, we moderate any obvious spam and links and allow only appropriate behavior.

A customer review matters the most in all industries. If a broker scams once, it will do it again, on and on. As such, traders must decide on their own if the broker is indeed the partner they’re looking for.

This feedback helps us with our ratings for the brokers listed here. However, the lists here are just that: lists.

Traders must know that buying or selling a financial product comes with a risk. While there are plenty of opportunities, there’s also the risk of losing all the capital involved.

For this, any broker, no matter if binary or Forex, makes sure the clients know that they should never trade more than they can afford to lose.

Conclusion.

Trading is a game of probabilities. But, above anything, trading is not a game. These are real money involved. As such, traders must know the risks and the potential rewards involved. Moreover, trading is not an easy task.

There’s a lot of work involved, like in any regular job. Sometimes the market simply doesn’t move. When this happens, traders will insist on trading. They end up overtrading and if they are on the wrong side of the market, the funds are gone.

But, successful trading is not impossible. Patience and discipline are key. Together with a proper trading education and the right partner (broker), traders can make it.

The broker and the trader should have the same interests. Only when this is the case, traders have a fair representation in the financial market.

Never deposit more than you can afford to lose. We wish you the best of luck on your trades!

** *NO links in your comment if you want it to be approved and published. All comments are manually moderated by our team, and all variations of an address/link will be removed and the poster will be banned. Only genuine feedback on broker experience is allowed. Sorry!! But the spammers are relentless.

Binary Option Trading Scams.

Want to verify whether binary option trading is a scam?

Worried that binary option brokers are scamming their customers?

Avoid scams and protect your investment with the answer to these questions.

Trading Scam vs. Trading Success.

You should always choose companies that clarify the risks involved. Which brokers improve your earning percentage while diminishing the risk factor?

Banc de Binary is fully regulated and a highly professional binary company which offers customers tools that help them become skilled traders while avoiding unnecessary loss. Their video and tutorials help you learn about risk protection and financial profit-making. They also offer the highest payout of the binary market, 95% per trade, a free signals service and a 100% bonus. Banc de Binary is not available for USA and Canadian customers. But with the CySEC stamp, it is the safest destination for European traders:

On the other hand, if you are a USA citizen, GOptions is famous for its one-on-one training program that gives you individual tutoring and allows you to excel in online trading. Because of their very high yields and top notch customer service, clients have reports much satisfaction, and most importantly higher earnings, when choosing this serious and trustworthy company. GOptions also guarantee same-day withdrawals and precise asset prices. With a free signals service and risk free trades, it has an array of tools to help you succeed:

Redwood Options is one of the most reliable and experienced binary brokers worldwide and by signing up to this corporation you receive access to more than 80 trading videos. Acquire important online trading skills and see your profits increase consistently with the help of a dedicated team of financial guidance assistants. Redwood Options offers several other educational tools, and has been widely praised by traders:

OptionBit is the only binary broker that gives you exclusive access to Algobit. This is a free trading signals tool, considered the most advanced system for automated binary trading. Algobit identifies the best trading opportunities and executes the trades for you from within your platform. All you need to do is approve each transaction and enjoy the increase in profitability. Many traders have given a very positive feedback about their success with this software, considered the most innovative signals system worldwide. OptionBit (which also doesn’t accept North American clients) gives you a very generous bonus and free guidance from a professional team of investment advisors. This is a perfect setting to start your binary experience:

The binary option market has been in constant growth since it appeared in the online investments scene in late 2008. That growth has occurred worldwide, and has been followed with a demand for regulation which has began.

Thankfully, this growth brings with it excellent brokers, such as the ones mentioned above. These brokers are an example of serious and committed firms, ready to assist clients with multiple investments tools and educational material to allow for a better trading experience.

Surely, some binary brokers stress the possibility of earning more than the risk of loss. They are pushing their product. Just like you don’t expect an iphone salesman to say: “hey, don’t buy the newest iphone version, the one you have is more than enough for your needs”, you shouldn’t expect brokers to market their product as highly risky. Not when they can present it as ultra-profitable. Nonetheless, very often, the difference between a reliable and a suspicious broker is they transparency of their offers.

Binary Option Trading Scams Theory.

Many people who trade binary options lose all their money. Not only do they not profit, they squander the entire investment. Why? Because binary options is a high risk business, it is a financial derivative that offers absurd gains. Such high yields always come with the risk of similarly high loses.

Don’t expect an offer to earn 80% revenue in 15 minutes will benefit all who attempt to gain that kind of payout. If that would be the case, what company in the world would be able to sustain such loss? The investment would be unsustainable to the brokers. Binary option brokers offer you the chance to earn an incredible additional monthly income because statistically, they know more traders will lose than those who will win. Your job is to understand you are taking a risk and make sure you do everything necessary to minimize it. Stay on the safe side of the statistics, be a winner.

The theory of a binary option trading scam is a result of two things:

The many unhappy traders telling their sad story of an investment gone awry The companies selling the idea that binary trading is a sure, risk free profit.

Regarding the first issue, anyone who has been involved in trading should feel bad for fellow traders who have been less fortunate in the field. Yet investing poorly is not a reason to call this a scam.

As for those binary brokers trying to convince customers that they are going to easily make an extra income, those are the ones you should stay away from. Stick to brokers who offer you real tools to improve your results, become a better online trader, and make correct predictions consistently. What are best known for creating profit for their customers?

Binary Option Trading Scam: Conclusion.

There is no scam, except that of brokers who hide the fact that this financial derivative is a high risk investment. Make sure you avoid these scammers and stick to the best binary companies each market offers.

You need to choose the right broker and learn binary trading strategies. Also make sure you invest reasonable amounts of monies, such that you are able to risk. Yet binary option is not a scam. It’s a high yield investment which can turn into a great experience, or at least a learning experience.

If you want to give yourself the best chance, try Banc de Binary or Redwood Options. There are other good brokers which you can check out at our Broker of the Month page. Besides offering a full-fledged educational center with entirely free materials and tutorials, these brokers have investment advisors at your disposal for guidance and professional help.

Some brokers might also supply you with a demo-account or cash-bonus. With a binary options demo-account you can train your trading skills and options strategies without risking real money. All these offers, bonuses and assistance prove that when you choose the right binary broker, you avoid scams and more importantly, make a valuable profit.

Binary Option Trading Scams Updates.

As of October 2015, the amount of companies fully regulates by the Cysec in Cyprus have multiplied and include OptionBit, Banc de Binary and OptionWeb, among others. This is a sign of the professionalization of the binary options field.

On October 2015 Anyoption, the largest binary options trading company, announced its return to the Italian market, following a long absence due to regulatory demands by the Italian government. As early as April last year, the CONSOB (Itlian Securities and Exchange Commission) has quoted a section in the MiFID (Markets in Financial Instruments Directive of the European Union) suggesting that binary options brokers are obligated by law to be properly regulated.

A few month ago, following a request from the CONSOB, an Italian judge had ordred to block several binary trading sites. Since then, the binary options market in this country had been in turmoil, with traders switching to rival brokers and several binary corporations scrambling for swift regulation.

With the most recognizable binary options brand obtaining formal permit to reopen its business in a major European market, customers will be able to trade with more confidence and at a lesser risk, which should cause some of the scam allegations to pause.

Binary options trading is still a volatile investment that requires much caution and a coherent financial strategy, yet the field seems to move in a positive direction, by creating reasonable guarantees for the customer’s funds deposited with them.

This comes shortly after a boom of automated trading mechanisms invaded the binary options platforms, with numerous traders shifting to this innovative and controversial trading system. OptionBit’s Algobit has received the most praise for its free signals service product, while other offers, such as Cedar Finance’s Auto Binary Code has come under severe criticism.

Binary Options News.

TradeFusion - Profit today.

February 27th - 2017.

Online traders can now start increasing their profit levels with TradeFusion, a new high-tech automated system that can be operated without prior experience or understanding of financial markets. Developed to serve the investment profile of new users, this automatic trading software can help you succeed and earn money immediately. Fill this form out to sign up and receive this free software.

Entirely safe and partnering only with brokers regulated by the financial authorities in Europe, TradeFusion is your opportunity to earn money online and is currently offering a free of charge lifetime license. An excellent software which you can use immediately by opening your account and gaining money instantly.

IQ Option - Thousands Report Earnings.

February 27th - 2017.

IQ Option has seen in February 2017 its best performances ever. This broker and its automated trading tool has topped all expectations from online traders and is now considered the most popular online trading software. Throughout these few last weeks this advanced automated trading service has already generate profits for thousands of online investors. Click this link to open an account with as little as $10!!

This independent broker offers a system which can scan stock markets and identify the best investment opportunities, executing trades for you with a high accuracy level that generates excellent gains.

24Option - Best Broker 2016.

February 27th - 2017.

24Option, the best regulated broker for binary options trading, has again been considered as having the best customer servic by a panel of professional traders. If you want to earn an extra income without having to learn complicated trading strategies, click the banner and start using this broker today.

With the constant improvement of its signals tools, 24Option has created the ultimate answer for accurate trades. The advanced signals service offered by this regulated broker has been praised by traders worldwide. Start now and see your money multiply.

Binary Options Trading Topics.

Scams Involving the Binary Market.

Scam Alerts.

Want to find out which binary options are reliable? Our scam alerts verify the fraud rumors surrounding each individual broker as well as bogus offers such as 2014 Millionaire.

Click here for a list of brokers and verify which is safe and which must be avoided.

Is Binary Options Trading a Scam? Can You Actually Make Money?

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Binary options trading is the newest way of making money online but like in the case of anything that’s new, people still aren’t completely sure that it’s legitimate or not. For this reason, many people are asking the question if binary options are a scam or not.

The answer is that financial trading is not a scam and you can really make money using this form of online trading. However, there are unfortunately indeed some brokers that are scams and should be avoided.

Fortunately, financial trading is already regulated in many countries around the globe and for this reason there are already a number of brokers that are regulated and licensed which are definitely not scams.

Read this article if you want to learn more about the truth behind binary options.

If you want to trade binary options at a broker that is 100% legitimate, then try out 24Option.

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First Steps in Options Trading.

Future Changes and Developments.

Future of The Industry.

How to Minimize Binary Options Trading Risks.

How to Trade the EUR/GBP in Binary Options.

How to Trade the EUR/USD in Binary Options.

How to Trade the USD/JPY in Binary Options.

How to Trade USD/GBP in Binary Options.

How to Withdraw Cash at Brokers.

Registering at a Binary Options Broker.

Truth About Options Trading.

When Will Binary Options Go Mainstream?

Why is it so Difficult to Withdraw Money?

Why Most People Do Not Make Money in Binary.

Is Options Trading Real?

Yes, binary options trading is a legitimate form of investing. In this type of trading, traders have the possibility to predict the future movement of certain assets such as stocks, indices, forex currency pairs and commodities.

In case a prediction made by a trader will come true, then the trader will receive a commission that’s proportional to the investment amount paced by the trader. In case the prediction will turn out to be inaccurate then the trader will lose the investment.

Some people claim that binary options are a scam because financial trading is like gambling since you can’t always 100% know the future movement of the markets. However this is not true because in binary trading people DO have the possibility to predict the movement of markets.

Sure, nothing can be predicted with 100% certitude but using various trading strategies and following clear guidelines such as the ones outlined in our strategy pages can definitely help traders have a competitive advantage over the broker.

In short, in binary trading it’s possible to shift the odds into your favor. In gambling this is not possible no matter what “strategies” you use. Each game was created the way to offer the gaming provider an advantage; no matter what you do, the dealer always wins in the long run.

Financial trading however is not a game that someone just invented. It’s a form of investment based on skill.

Can you really make money?

Based on the description given above, yes, you can indeed make money in binary trading. And you making money has nothing to do with luck and chance. Trading on financial assets will give you the possibility to generate money on a consistent basis completely independent from luck and chance.

This is another reason why binary options are not a scam. In any service that is a scam (like gambling), the participants will never have the possibility to win based on their individual skill (maybe with the exception of poker) and all depends completely on luck.

Are ALL brokers real and safe?

Unfortunately not all financial trading service providers operating these days are legal and safe. There are some brokers that are indeed scams and should not be trusted. Like in the case with all internet based services, it’s people’s responsibility to find the legitimate service providers and avoid the fake ones.

Fortunately there are already a very large number of binary betting brokers that have a valid license issued in reputable countries. These brokers are never fake and never a scam and as such can be trusted by traders.

Laws and Regulations of Binary Trading.

As hinted above, online trading is at this moment regulated in a number of countries such as the USA, the United Kingdom, Cyprus, Japan and others. What this means is that the authorities of these countries have openly admitted and recognized in law that binary options are not a scam.

Why would governments of the mentioned countries explicitly legalize something that is a scam? – That would make no sense whatsoever.

In the mentioned countries, legitimate binary options brokers have the possibility to apply for a license. Licenses will only be awarded to those brokers that have been rigorously evaluated by the governments that determined that they do not offer fraudulent services.

Brokers that have managed to acquire a license in the mentioned countries are also safe for traders who do not live in the mentioned countries. This is because if those brokers would deliberately scam traders not living in the country where they have acquired their licenses the governments that issued their license would still consider them fraudulent and withdraw their licenses.

Spotting the right brokers.

So, by now you know that binary options are not a scam and that most brokers are even legally allowed and approved by various governments such as that of the USA and the United Kingdom to offer online trading services.

It’s obviously these brokers that you should choose in case you want to trade financial assets online. And like said above, you should also choose these brokers in case they are not specifically licensed in your country.

It’s enough if a legitimate financial service providers is licensed in at least one reputable country. If this is the case, it means that the respective broker is also legal and safe and not a scam in all other existing countries as well.

But as explained, stay away from those brokers that do not have any license at all. These brokers ARE scams! The reason they don’t have a license is because they most likely haven’t even applied for one because they would have been rejected due to the fraudulent practices they conduct.

So, keep this is mind next time you want to trade on financial assets. In short, binary options are not a scam if you only trade at legit service providers. If you want to find out which providers are legitimate then you’ll find a list on the top right menu of this article.

Likewise, if you browse our site you will find additional information about the legal status and legitimacy of financial betting. Besides this, you will also be able to find various guides and instruction material that will teach you how to trade financial assets successfully.

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Ever wondered what the truth behind binary options risk free trades is? In this article I will be shedding a light on this very interesting and potentially rewarding concept.

In this ultimate guide to binary options trading you will learn everything you need to know about this form of online trading. It doesn't matter if you have no experience at all. Read this article and become a pro trader right now.

In this latest article I will be explaining how you can trade USD/JPY using binary options. You will learn about what influences the movement of this forex pair so that you can make accurate investments at your binary options broker. You will also find out what the recommended and safest binary brokers are for USD/JPY.

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1 Comment on "Truth About Options Trading"

Hi, I noticed that you recommend the broker 24option. However a few days ago it was announced that 24option has stopped opening new binary options account, they will focus on CFD and Forex from now on. Only old customers are still allowed to trade binary options, new ones can trade only CFDs/Forex. Just to let you know.