Binary Options Scams – Worst Binary Options Brokers

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Top 5 US Binary Options Brokers – April 2020

We’ve tested the most trusted USA binary options platforms, and below you can find a comparison table with the results.

Best International Binary Options Brokers

BINARYCENT.COM

# Broker Max.Bonus Rating Description Min.Deposit Max. Payout US Clients Site
1. RACEOPTION.COM $250 Bonus 4.9 Top Broker
$250 Bonus
Fast Withdrawal
Trade Bitcoin
$250 90% Yes. VISIT RACEOPTION Read Review
2. 3 Risk Free Trades + Bonus 4.8 Fast Withdrawal
Trade Bitcoin
Risk Free Trades
0.10$ Min.Trade
$250 90% Yes. VISIT BINARYCENT Read Review
3.

VIDEFOREX.COM

100% + $250 Welcome Bonus 4.7 Revolutionary Platform.
Up 95% Payout.
24/7 Video Chat.
Quick Withdrawal.
Demo Account.
$250 95% Yes. VISIT VIDEFOREX
Review

Best US Regulated Binary Options Exchange

Exchange Promotion Rating Min.Deposit Max. Payout Regulation Open Account
Free Education 5.0 $250 100% Yes ( CFTC ) VISIT SITE Review

It might be surprising to someone that online financial trading in the USA is rather hazy. The role of two licensing and regulating bodies, viz., Commodity Futures Trading Commission (CFTC) and the National Future Association (NFA) has been rather passive. No fret… You need not be despondent on this count. There are some reputed offshore binary platforms to cater to the customers residing in the US. You can depend on the binary options brokers, which are safe and secure, as well as maintain the requisite standards. Let us have some insight into the binary options trading.

Best Binary Brokers

  • Binarycent

If you are looking for binary options brokers rendering a hassle-free service, probably, the Binarycent is one of them, though any financial authority does not regulate them. However, with a very impressive deposit bonus and trades from 10 cents, they offer services to the US traders. Their website is accessible not only on a desktop or on the laptop but also through a portable device powered by either Android or iOS. This is a very convenient option for those who travel extensively to get updates through pocket-friendly devices.

This broker launched in the year 2020 is a relative newcomer in the binary options industry. RaceOptions accepts the customers from all over the globe including the US customers. A customer can trade-on over 150 assets and the choice of currency to trade includes USD, EUR, GBP, and RUB. The brokering company also assigns high priority for the customer service.

Best Binary Options Exchange

North American Derivatives Exchange (Nadex) established in the year 2009 is the US-based exchange, which is a subsidiary of IG Group Holdings Plc. Nadex, regulated by the CFTC is also one of the most trusted brokers among the US traders. The simple to use trading tools also offer advanced tools for the needy traders. Moreover, you can access educational material on the Nadex learning center. You can also try their demo account on the desktop or portable devices.

Tips for Selection of Broker

Of course, the first thing a customer does is to Google the best binary options brokers and find out the services, their reputation besides the customer reviews. You can also browse some third-party websites for an impartial review. A customer may also keep the following tips in view before short-listing the binary options brokers.

Though not mandatory to test the demo account, it is a requirement to test for a while to ensure how consistent it is in maintaining the profitability. An offer of a demo account also ensures that the broker desire profitability as well as yearns a long-term relationship with the customer. Thus, it proves that the broker cares for the success of a customer on a long-term basis. In case there is no demo account, probably, the broker is looking for a short-term gain, which is a disadvantage to the potential customers.

Anyway, the broker offers you a trading service for which he is in the business. What you should look for obviously is beyond the routine service – what more value-addition service he renders to the customers. The basic platform might offer you a couple of trades. However, an honest and genuine broker should offer you other features such as double up, roll over, early close or any such trading tools. It is also a good idea to look for a broker offering you the educational resources on the subject.

You should aim for a broker who arranges webinars, video tutorials, or one-to-one training sessions explaining the strategies of trading. The FAQ and trading alerts would also be an added advantage for a customer.

No doubt, the customer service is very crucial in any service industry. You should not be carried away only with the website or tools of the binary options broker. You can try a conversation with the customer service team to find out how the service is. A few questions on the subject would reveal how proficient the manager is in answering your queries. Moreover, you can judge whether he is customer-friendly while replying to you. Probably, sometimes, the service representative tries to convince you to be their customer without answering your query.

The next significant pain point is the terms and conditions of a broker. In spite of all the positive features, in case the conditions of a trade are not favorable, probably you are inviting trouble for yourself.

Sometimes, a customer takes for granted the terms and conditions in the process of completing the formalities to hasten the trading activity. The unfair and unfavorable conditions could be a reason for your subsequent losses in the transactions.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

It is always advisable to go through the FAQ and fine print of the conditions for each of the feature. Do not affix your signature on the dotted line without reading between the lines.

The reputation of the binary options brokers the USA plays a vital role especially when the regulatory stipulations are very fluid. In the absence of a strong regulatory authority, the onus is exclusively on you as a customer. Even if someone is regulated, the entity might be only for private banking services, or some business entity. Since there is a host of brokers in the trading market, you should check out for the reputed broker offering secured and safe trading platform. With the technology at your fingertips, the review of any broker is only a few clicks away. You can take a few minutes in browsing the information on the reputation and feedback from the customers’ review.

The points of consideration could be multi-platform accessibility like the mobile-friendly websites, multi-currency options and a company offering you a wide range of banking solutions free of charge. These are not a very high expectation of a customer. In the present day situation, accessing through a portable device is almost a necessity for a trader, and the option to trade in the currency of different countries. If you are keen on some specific asset, make sure that the asset is tradable with a broker you are contemplating.

Best Binary Options Trading Brokers for 2020

Below you will find a list of Binary Options Brokers that offer various binary contracts for trading. Although the term may appear to be very confusing, it’s not that complicated. A binary option is a sort of a contract with a value, expiration date and determined conditions of winning. By purchasing it, you technically make a bet. Most common wager is to predict whether the asset’s price will go up or down from a certain level and stay there until the option expires. Most tradable assets are currencies, indices and some commodities. There used to be much more brokers offering binary options, but many regulatory authorities placed restrictions and prohibited that kind of trading.

Binary options for the retail market were instituted in 2008 when the first description of this product was approved by the US Securities and Exchange Commission. The initial description of what is now known as US-style binary options was based on assets that were listed on exchanges, with traders pitting their bets against each other.

A short while later, a different model of binary options was developed and introduced to the world by brokers based in Europe and Israel. This model (European-style binary options) was essentially based on off-exchange trading of CFDs. However, what followed was years of unwholesome practices and remarkable scandals, which led to the shutdown of the industry in Israel by regulators there, and in the UK and EU region by the European Securities and Markets Authority (ESMA).

The industry is presently undergoing a self-cleansing, and we now have offshore brokers who are showing better commitment at playing by the rules and ensuring their clients get a good deal for their money.

What led to the near collapse of the binary options market?

The answer lies in only one direction: shady brokers and their agents all over the globe. But perhaps some portion of the blame can go to regulators, who were generally very slow in rising up to the occasion to protect the clients, whose money constituted the entire financial backbone of the market.

Brokers are meant to create markets for their clients to trade and are supposed to ensure transparency and safety of trading venues, while maintaining some level of neutrality. However, what occurred between 2020 and 2020 was a situation where a lacuna in regulation led to the emergence of fraudulent entities. These fly-by-night operators set up “brokerages” that were essentially criminal enterprises, specifically designed to rob traders of their hard earned cash. These scam brokers devised several means of ripping off their unsuspecting customers.

A) A common method was the use of call center agents, who unscrupulously obtained contacts of prospective traders and literally harassed them into making ever-increasing deposits, with promises of helping them reap bountiful returns on their investments.

B) There was also the use of volume requirements for incentive bonuses, which were tied to the ability to make withdrawals. Traders soon found out that achieving these volume requirements was practically impossible, thus ending any opportunity at retrieving capital or profits made.

C) In some brazen instances, agents in the brokerage house would access trader accounts from the back end, and execute trades that had been deliberately configured to lose on those accounts. There is at least one case known to the writer where $5,000 was stolen in this manner. Prosecutors and law enforcement agents presently have warrants on the identified personalities behind that brokerage.

Perhaps the case that brought binary options into very negative light, prompting calls for an EU-wide ban, was the unfortunate case of a Canadian investor who lost his life savings after patronizing a shady brokerage entity. The eventual suicide of this investor was the breaking point; EU and UK regulators took action and shut down binary options in Europe and the UK.

Lessons learnt

It is not only traders that suffered from the criminal activities of the scam brokers. Legitimate brokers such as Binary.com paid a very heavy price, as they lost a significant amount of the market share in an industry where they could be said to be the pioneers. Binary.com (which is listed below as one of the best binary options brokers of repute today) and several other legitimate companies around the world were forced to make major changes to their operational models, in an attempt to improve transparency and to bring back badly eroded investor confidence into the market.

Some of the changes which have been introduced include:

A) Restriction on issuance of bonuses, a lot of which is now provided as cashback for volume trading.

B) Robust trader education, in order to ensure that only informed traders use the binary options platforms.

C) Provision of demo accounts, which many of the defunct brokers never provided for their clients. No longer will traders be deprived of the opportunity to test their strategies and learn the process using virtual accounts.

D) Enhancement of the analytical tools on the platforms, to replace the archaic methods of the old order which provided traders with only line charts and zero tools for analysis!

E) Elimination of confusing binary options bet types and sticking to the classical binary options.

F) Getting their entities regulated in the countries of operation, to enhance user protection and boost broker accountability to enforcing regulatory institutions.

G) Incorporating new asset classes (e.g. cryptocurrencies) to the mix.

Criteria used in broker selection

In selecting the binary options brokers displayed in our list below, the following parameters were used in the process of consideration and selection to ensure that only the most genuine brokers are available for you. We have thus made the process simple, knowing that it is quite a challenge for traders to be able to select these brokers on their own.

The issue of regulation cannot be emphasized enough. The only way traders are going to be protected is by regulating the binary options providers they operate with. Anything short of this will be inviting the old demons back. Regulation also provides for greater accountability and ensures that investor confidence is never lacking in the market.

2) Corporate Governance Structure

A look was taken at the structure with which the listed brokerages operate. Many of them have been around for more than 9 years, and have invested in improving their platforms and trade offerings. These brokerages also have properly defined corporate hierarchy and a face to which the company can be tied to. For instance, the CEO of Binary.com is well known. Olymptrade has a very active presence in an online forum in Africa. Brokerages like Go Markets have officials who are also well known. There are no faceless companies in our list.

3) Openness and Reachability

The brokers listed here all have verifiable contact addresses and can be reached by phone, email and social media channels. Compare this with the old order where some brokerage operations were essentially husband/wife run establishments, operating out of a kitchen (yes, a “binary options broker” was found to be just that several years ago).

4) Trade Conditions

The trade conditions for each broker were also reviewed. For instance, we looked at factors such as stability of the platform, uptimes and downtimes, accessibility of customer support, latency of price and data feeds as well as how the brokers handled counterparty risks. Brokers that were found wanting were eliminated from the list.

How to detect Binary Options scams

Detecting binary options scams is not an easy task,but it is a noble idea to do since people are being robbed daily of their money in binary options trade. BestBinaryOptionsWatch.com is dedicated to fishing out those scammers that come in sheeps clothing just to rip you off your money. One question that traders ask,especially those that have been conned is, -How to know binary options scam? Of-course,if you have once been scammed its enough reason to know that that binary option broker or signal provider is not legitimate. Prevention is better than cure, so it is better to avoid the paths of these scammers than learn your lessons after you have lost your money. So we are going to reveal to you some ways you can identify them:

Ways in which scammers work

  • Enticing bonuses: Who doesn’t want to make a huge profit, more especially within a short period? These brokers feed on this human psychology and present huge tempting bonuses to make you invest your money.This is just a bait to lure you in. Now don’t get it twisted, legitimate and good binary options brokers also give bonuses but scam brokers present theirs telling you that you will always win.This are fake guarantees.
  • Fake testimonials and reviews: They go ahead and put up jaw-breaking testimonials on their website and other websites of how people have been making huge profits with them and how their method is the best you can ever come across, they also go ahead and write fake reviews recommending them. Be careful because the people you see on those testimonials are non-existent and are fake.
  • Refusal to withdraw your money: After you have started making profits and you want to withdraw your money, they come up with stories, then they stop picking your calls and replying your mails, making it impossible for you to get back your money.

How to detect binary options scam brokers or signal providers

  • Check if the their website has an SSL certificate, you can know this by checking if their website has (https://), note the ‘s’. Since you are going to put your card details in,this would be very important.The https:// shows that your information and card details are encrypted and safe .
  • Ensure that the broker is regulated: This is very important, check to see if they are regulated by a reputable financial body, note their license number and go ahead to verify it. This is very important because when things start going bad you can always report them to the regulating body and your money could be refunded.
  • Check to see if their platform is easy to use and their website is properly designed.

NB: The presence of all of these does not mean that a broker or signal provider is not a scam.However when you notice these things then be suspicious.

To trade with trusted brokers click here

Our recommendations

  • Start little, then when you make some profit try withdrawing it. This is to enable you test the waters and notice any suspicious activities.
  • Always read the Terms and Conditions, sometimes some things are hidden there that might not be in your favour.
  • Always keep a record of your earnings so that if any changes or irregularities happen you would quickly detect them.
  • Don’t keep your money for long with a broker.
  • Don’t accept bonus offers from brokers because their terms are stringent,However if you wish to accept their bonuses make sure you read the terrms and conditions to know if you are satisfied with it.
  • If you think you have been scammed, file a complaint to the regulatory body.

NOTE: Don’t always say when you lose that the broker is a scam , like every other business you could win or lose and finding a good broker does not guarantee your success.

Binary Options Brokers

Binary Options Brokers in the USA – Trusted Binary Options Brokers

Constantly challenging ourselves to deliver more to our clients

What are binary options brokers

We review the best binary options brokers worldwide. Hi, this is BinarySignalsPro, and today we will discuss how to choose a binary option broker and what is the best broker for binary options for you, whether you are in the US or Australia, or elsewhere.

Currently, there are more than 450 trading platforms or brokers. This was not the case in 2008, when binary options trading began, as there were about 10 trading platforms that were good, as they created High Competition.
The emergence of many brokers, which is beneficial for investors in terms of more bonuses and higher profits.

Best Brokers and Investment Companies 2020

Trade with the best binary options brokers on the market:

If anyone does not know: a binary option is an “all or nothing” option; This option with a fixed price, which, depending on the pre-agreed condition, either provides a fixed income, or does not bring anything.

Brokers Rating

Brokers, rating of investment companies – All brokers and investment companies. The broker rating is an intuitive, functional and convenient tool for a trader who chooses an exchange broker.

The main purpose of the rating is to compare brokers and choose the best investment companies. Each visitor to the site, regardless of whether he is a novice or a professional, is invited to vote for the best brokerage company from his point of view. We also recommend that you review our Binary Options Brokers rating.

The rating of brokers is not responsible for errors in the information provided. To get the latest information, visit the website of the broker or investment company.

TeleTrade-DJ Ltd Sharp ECN Forex Account

IQ Option – CFDs on stocks, Forex, Cryptocurrencies

24option Broker Access the financial markets all in one place

WHY AMARKETS? 11 years of successful trading

Broker HighLow Markets Get a $50 cashback sign-up bonus

Online Trading with Binary com Broker

Most Innovative Multi-Asset Broker 2020 “Best Retail Forex Broker“

At Binomo you can invest in transactions starting at $1 with returns of up to 70%.

Get More than a Forex and CFD Trading Account at XM

easyMarkets® technology breaks not only the administrative barriers, but also the minimum monetary entry level. With our system the user can open a position for as little as 25 USD.

EuropeFX Personal Client Area Broker

Prestige Financial Markets. Why Should You Choose to Trade with Us?

For many traders, US brokers are the benchmark for reliable and high-quality trading in binary options. This is due to the fact that regulators closely monitor the investment activities of the United States, and the requirements for investment companies are very strict.

Thus, the choice of a broker in the US market is an additional guarantee of the security of the invested funds. It is from these considerations that large investors prefer US brokers with extensive experience in the market. As far as this is true, everyone must decide for themselves, but the US regulatory bodies, such as the CFTC, which are subject to US brokerage funds in the stock market, are already a guarantee of the company’s reliability.

The following list of binary options brokers in the US contains the most significant brokers that can provide services to traders from the United States. Choosing DC, you should consider all options, and if the broker is trustworthy, but territorially located and registered in the US, this is not an excuse to refuse to cooperate. Many brokers have sites in different languages ​​and are happy to see customers from all countries, so they provide quality technical support in all languages.

The rating of American brokers, presented in the list below, contains the most respected companies with a good reputation.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

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