My binary options review

The Binary Options Guru: Your Reviews of signals, brokers & robots.

What is binary options trading? Experienced people always say, don’t put all your eggs in one basket. So, when it comes to making an investment, we should keep all the roads open and not only stick to the conventional options of investment.

Binary options are an easy way of investing your money and earn good returns. But you should be really careful. There are a lot of scams out there!

What are binary options?

A binary option is a type of financial “bet” with either some fixed payoff or nothing at all. It depends on whether the option expires in the money or out of the money. Thus, it is called binary.

There are many terms which an investor needs to know if he plans to invest in binary options. What is “in the money”,what is one touch binary option, what is high/low etc? View examples and watch a video about what binary options are in my binary options basics page.

What are Binary Options Signals?

There are some experienced analysts that keep track of the markets. When they find a trading opportunity they send you simple instructions on when and how to trade. They send these alerts via, SMS or they post them on a live web page. These are the Binary Options Signals.

Signals along with Binary Options Robots can help a beginner but an experienced trader, as well. With a good signal provider, you can stay assured that you lose fewer trades. It helps you be more successful as a binary options trader.

You should get yourself registered with a trusted and reputed signal provider. This way you can save lots of time and concentrate on your trading only to earn more profits. But be careful, there are a lot of scams out there.

But be careful, there are a lot of scams out there.

What is a Binary Options Robot? Binary Options Auto Trading.

A Binary Options Robot is automated trading software for binary options. It provides constantly Binary Options Signals and then trades them in your Binary Options Broker account automatically.

With the help of excellent technology improvements in the recent years, the traders now have this amazing opportunity of binary options trading in a simple way.

This is also known as Binary Options Auto Trading as no human element is involved in it. The whole trading takes place automatically and relies completely on binary trading signals.

What is a Binary Options Broker?

Binary options brokers are the companies who manage the investments and money of the traders by providing them an online trading platform which the investors can use to trade and earn profits.

They earn money depending upon the number of customers associated with them. They provide all the necessary services to their clients and help them in trading.

There are two ways by which these brokers can make money. The first one is by charging a commission on the purchases made by the trader. This is mainly used in normal trading. The second one is by cashing in the money lost by the traders. Most of the cases it is only the second one. Explore more to understand How binary options Brokers make money.

While choosing a broker for your investment, you should properly check about its reputation. This way you could save yourself from unnecessary troubles while trading.

How to avoid scams.

Just like other online transactions, Binary Options can also have scams. But as an informed trader, you should know how can you avoid such scams and be safe.

There are several ways by which you can avoid these scams and have a secure trading. These are:

Check twice about a broker before investing your hard earned money with him. Choose a reputed and trusted one only. You should understand that Binary Options trading includes risk. Make your investments keeping this in mind, at least in the initial stages. The brokers downplaying the risk element should not be trusted. Though it may look difficult to you, read all the mentioned terms and conditions thoroughly before investing. It gives you a clear picture of all the policies. The brokers are supposed to keep all the information about you to be private. If they breach this privacy, it may be a clear signal of a scam and you should get attentive. If a broker refuses to pay your earned money, it also signals a scam. You should immediately get alerted and take the needful action.

Why use a Binary Options Demo Account?

If you are new to Binary Options trading, creating a demo account is a good way to get yourself acclimatized.

What is a binary options demo account? It is also known as a practice account as you can make real time trades through it without depositing any money. Thus, it is also called no deposit demo account.

It is like a real account but you are trading with “fake” money and not yours.

It is just like a practice session for the new traders. Beginners get to learn so many things about the trading platform without the risk of losing real money.

60 Seconds Binary Options.

This is a fast-growing type of Binary Options trading. They can get large returns for you almost instantly.

But you should be cautious enough while dealing with the risk involved with them is also more.

A secret for successful 60 seconds binary trading is that you should not trade each minute. Rather, you should be patient and wait for good openings.

This is quite akin to day trading. A good trader can earn huge returns in a short time if there are good opportunities.

I was never successful at 60 seconds trading. It is not for me. Only with binary options signals I was able to make money with it.

How to trade binary options?

I am not going to present you any strategy here.

The easiest way is to find the best signal provider and trade with one of the best brokers.

There are many binary options strategies for experienced traders and beginners but is outside the scope of my site.

What is binary options trading software?

The term binary options trading software may refer to software used by traders to find trading opportunities.

They are mainly preferred by the people who want to try out the latest technologies and also by the frustrated investors. Investors who want to earn more profits along with the new ones also prefer using a trading software.

Binary options software may refer to the platform through which the whole trading takes place.

A trading software helps in improving the liquidity of binary options investing. They allow the brokers to offer a wide range of assets for investment as they attract more capital towards the Binary Options market. They also increase the turnover of the companies by bringing more customers for the brokers.

Hi, my name is George Garoufalis, I am a binary options trader and the time I am writing this blog I can’t find a single review about many binary options signals services. So I decided to make one. I lost lots of money testing them. I don’t want you to be scammed, too.

The Rio Profits Scam: A Tesler App Copy Scam.

Once again we have a classic scam with the Rio Profits scam. Just a typical copy paste scam from another popular scam that made its rounds a while ago called Tesler App scam. Of course, that was also a copy scam, so more…

With so many inconsistencies, the fact that its 100% identical script to another scam, and numerous recycled “proof” the Omnia App scam is an obvious one. All you have to do is take a look at my Tesler App scam review and you’ve…

Countdown to Profits.

It’s very easy to fall for a scam like Countdown to Profits if you have no experience with making money online, especially in the field of affiliate marketing. With the way that it is presented in the video and the website, one would…

Internet Funnel Profits.

There are many other training systems out there like the Internet Funnel Profits, but few really actually deliver and give you all the necessary tools to succeed. There is a LOT of money in marketing and the means to achieve this is…

Flat Specialist.

I openly admit, I am not big on betting on horses, but even with the little experience that I have, I can see right through the Flat Specialist scam. At this point, spotting the little details in their marketing, the twists in the…

Don’t waste your time watching the long Nova App scam video and certainly, don’t hope for someone to just hand over $3K a day, or as they say in the video $5K. Unrealistic is only the tip of the iceberg, these are straight…

Here we have ourselves a typical binary options scam with the Hydra App scam robot. It’s almost immediately clear that you will be fed a bunch of lies the moment you land on their homepage. You are greeted with the classic scam video…

Profit Ball System.

We have seen plenty of binary options systems, but few with such an absurd theory such as the Profit Ball System Scam. Now, to an extent, the idea behind it could be possible, only, in this case, it is a proven fact that…

My Ebiz Coach Scam.

I know I have strayed from binary options lately, but scams like the My Ebiz Coach scam need to be exposed because a lot of people are losing their time and money with them, not to mention their s because they get filled…

The Tai Lopez Scam.

Surely, if you’ve searched for a means to make money online you’ve probably come across the Tai Lopez scam. This guy is everywhere. A motivational speaker that has a great way with words, and a great way to rob people of their money.…

The Binary Options Guru: Your Reviews of signals, brokers & robots.

This is my review of the Binary Options Trading Signals service by Franco. I am going to give you some important info that you cannot find on the official website. There is no trial period offered. So you should read carefully this whole binary options signals review. This one is a lot different from any other binary options signals provider out there. It is live and it is not for everyone.

You connect to a live trading room. On your screen you get the screen of a professional binary options trader, Franco. What you see is the charts of various assets like EUR/USD, USD/JPY, Google stocks etc. But the real deal is that you get live binary options trading signals on that charts with the form of an arrow pointing up for “call or buy” and down for “put or sell”.You get the sound, as well, and you can listen live what Franco says.

He describes several market conditions. Whether you should place a trade, whether there are any news and you should stop trading and many more. In addition, you know from the beginning if a day is not very good for trading. You cannot have this with a binary options trading signal service that sends the alerts by or sms. You cannot have this with a binary options trading software, as well.

Table of Contents.

Summary of the live binary options trading signals by Franco.

Lets talk about the crucial points of this binary options trading signals review. Franco uses a binary options signals software to give his alerts. The one that you get on your screen. While the main software is available for anyone, Franco owns the signals algorithm. It is based on 6 different trading that of course he does not reveal :-). It is a binary options trading signals software that I have not seen anywhere else.

The binary options signals that you get live on your screen are short-term signals,60 seconds 2 minutes and 5 minutes signals. Sometimes Franco uses 15 minutes signals but he has removed them for now. Most of the binary options trading signals are 60 seconds so there is no problem. Most binary options brokers offer them. For the 2 minutes and 5 minutes signals you can open account with Stockpair or Binary. It is one of the best options brokers that offer all three and more short-term binary trading options. For US traders take a look at my Marketsworld review.

Binary Options Trading Signals – live screen when Franco places a trade.

Franco opens the binary options trading signals live room at 9:30am to 11:30am EST. This is something that may cause a problem for those in America that work in a regular schedule. But if you live in Europe, Russia, Middle East or Asia it is the ideal time frame.

Price: The price is $97 for two weeks. Most of the other binary options trading signals providers cost usually around the half of this price. You can see this in my other binary options signals reviews. But if you consider the real value-for-money, then this may sound cheaper. Because of all the unique advantages I described above. But there is no trial, that is why I am writing some details on this binary options trading signals review. You get also live support and you can ask Franco whatever you want and he replies live.

Binary Options Trading Signals Results.

There are no standard results unlike any other binary options trading signals review I wrote. I am going to explain why. During the two hours that the live trading room is open lots of signals are generated on Franco’s screen. Maybe 10,maybe less or a lot more depending on the trading day. Some of these binary options trading signals are strong, some weak and some “btt calls” as Franco calls them. Btt are the strongest signals and stands for “bang the table”. You know what class each binary option signal is, Franco calls it. But its up to you for which and how many of them you will place a trade. It depends on what type of trader you are. Or what is your balance on your binary options broker’s account.

I trade 5 months with Franco before I write this binary options trading signals review (update:2 years trading with Franco). And I have lost only seven days. These were really bad days. But of course I used a binary options demo account in the first week, till I get used to how the binary options trading signals service works. You should do this as well. You can open a broker demo account with Binary here. My scores vary from 2-0 to 12-0 or 7-3 and actually anything between them most of the days. It is definitely my best binary options signals service. This 2-hour trading with Franco is actually my regular “job” for now. I make more money than I was making as a computer engineer 🙂 .

The traders on the live binary options trading signals room often announce their results. They do it on the live chat that everyone sees and can write on. So you can see from your first day of trading with Franco how successful it is. But you should remember that many of the traders use the “martingale” strategy. This means that if someone loses the first trade and placed, lets say,$20,they place $35 or $40 on the next trade. When the second trade is a winning one, the score is 1-0 and not 1-1.This is because they have recovered the losses from the first lost trade. It may confuse you. This is one more reason I made this Binary Options Trading Signals review.

The results you will see from the older members of the live trading room might be 7-0 or 9-1 or 13-2 or anything like this. Scores are lower on bad days. But don’t get disappointed if you cannot get this results from the beginning. As I say in my binary options pro signals review, too. It takes some time to get used to this binary options signals strategy. While there are many binary options trading signals Franco himself may place one or three trades each day. He cannot place more. He has to talk and guide the live trading room members.

Update May 2016: still as good as always. There were some bad days, of course. But, in general, traders have around the same success rate. There are many people trading with Binary Options Trading Signals today that still make good money. The markets have changed last year and many signals services have failed to provide the same performance they did previously. But Franco has adapted. I was not trading for a while because of my health issue. But I talked with traders that follow me and confirmed the results.

Important advice:my fellow traders, you should never invest more money than you can risk losing. Past performance is not a guarantee of future results. As I always say, you may start trading in a bad week and lose all your funds. This applies to every binary options signals provider around the web. Especially for the fake “80%” or “85%” you come across most of the websites. Start with funds that you are willing to lose and, when you win, trade with the gained ones. If you lose these stop. Do not invest more. Any signals service may win many months in a row and then something changes in the markets and it starts losing and losing..This may be destructive. You hope it will come back but it doesn’t. And you invest more..Stop it right there.

Franco’s Binary options trading signals review – Conclusion.

You may be carried away by a winning streak of weeks and lose a lot of money on a bad trading day. If you are not patient (that was me 🙂 ) You may need a strong stomach no trial period offered (but with a 60-day money-back guarantee provided by the payment processor)

Truly Live binary options trading signals, live screen-share, live audio Many many signals each day You can learn binary options trading strategies by Franco. You can use them later on your own The best success rate of all the trading signals out there.

My other trading signals reviews.

I may come back to this binary options trading signals review. If there is a major change in this live service. But I doubt Franco will make such changes. Something that wins does not change.

To get my updates on all binary options trading signal services Follow me below on Google+ or Twitter.

I traded over 8 months with Franco and its the best signal service ever!

I hope you’re very well.

I sent a question down here but it never got answered, never mind, I disregarded even that broker, I am actually coming to a aplace where I don’t have solid trust in any broker! Anyhow, I wanted to ask you in regards of the trades that Franco takes, as I heared he usually takes about two trades, are these trades as close to guaranteed as possible? (of course if executed in the same way and timing as he does)

Thanks for your help!

I am much better now, thanks. I have made a comparison chart of the best binary options brokers that accept US traders. Let me know if you had problems with any of them. Franco wins around 8 to 9 out of 10 trades he takes. If you have the patience to take only these trades you can have guaranteed results.

Hy George, is this also for Beginners? I mean for Newbies?

Hi Gabriel yes it is. But you have to watch for about a week to understand how it works.

Can i use my ipad and iphone to trade with franco software.

It would be difficult. You need a window open for Franco’s live streamin and a window to trade.

Hi George Garoufalis.

Franco’s site is alive now?

Is he still going well?

Hi, yes it is still live. He is still doing better than any other binary signal service.

Hi, George, I read all your reviews and Franco seems great!

Unfortunately there are some of us who cannot be active during his session hours.

Do you think that there could be another signal provider that is even close to Franco’s level that operates more than 3 hours a day and would operate after 4-5 pm EST ? Thanks!

I have received this request from many traders. All this time I am testing new signal providers but none of them has good results for more than one-two months. When I find a good one like Franco (and not a lucky one for a couple of weeks or a month) I will post it. So follow my fb page or google plus or twitter account for new reviews and other interesting posts.

Hi George, your review is pretty useful, thanks!

I just have one question: living in Germany and having 50 mb of web connection speed, do you think that i go to avoid lug issues?

Hi Giulio, a few traders have contacted me that faced some lag. It does not have to do with the internet connection speed or computer power. It depends the server you are on, where you are int the world and how many servers are between yours and Franco’s. Unfortunately you cannot know that.

Halo maxony, aku juga dari Indonesia. Masih pakai Franco BO Trading Signals nggak? Aku currently lagi join di room dia, siapatau ada orang Indo juga disana hehe.

Hi, after watching Anton Kreil - link removed-

Is Franco a professional trader? Have you seen his Certificate?

Is Franco in any kind of conflict of interest? like getting kickback from brokers?

THANK U on your reviews and if u are successful using his system PLEASE explain how do u do it.

I have joined Franco s room for free trial – how do u trade those signals – is a lot of bll shit talks and bad music – I catched a headache listen to that psychedelic shitttt. It gives some formua and highway to what really HOW DO U TRADE THAT STUFF?

The “bad” music is a new thing. You can ask him to change it. It is a live session where you can talk and say what you need. Read my review above and my other comments. I explain everything.

This is a good tip especially to those fresh to the blogosphere.

Simple but very precise information… Many thanks for sharing this one.

A must read post!

the site doesnt work, is franco’s signals not working anymore? did he stop giving signals?

He is working fine. Why? Maybe the server was down the time you tried to access his website.

Hi George, your review of francos signals is really good and I am thinking about investing in this. Can you may tell me if you are still satisfied with francos signals? Thank You! 🙂

I am sorry but I did not got any notification for your comment! yes I am. He has his ups and downs, but generally speaking it is working till now. Maybe the only not scam that has lasted for years.

George, I am new to your review service and noticed no new posts in last 20 days. Is everything with BOTS still thumbs up?

yes everything is the same. Nothing has changed.

Thanks! I have signed up for their free Monday morning trial.

I was thinking to give BOTS a try..how is working for you guys?

Looks promising I came form Michael freeman website he is really shit and he know it because he is scaming people So I found this one I will try this one too 🙂

Hello George. Niko here. I live in Los Angeles. Will Franco’s room work with Markets World broker? I am assuming it does work regardless the broker i choose just trying to make sure. Thanks in advance.

Hi Niko, yes, of course, you can choose whatever broker you want.

Hi, my name is George Garoufalis, I am a binary options trader and the time I am writing this blog I can’t find a single review about many binary options signals services. So I decided to make one. I lost lots of money testing them. I don’t want you to be scammed, too.

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.