Broker Complaints




Broker Complaints


There are many complaints about binary option brokers and the complaints are for a variety of reasons. Some are legitimate complaints and others are not.


Traders who use brokers licensed in Australia or Europe usually have very few complaints. Traders in Europe can take their complaint directly to CySEC. Click here to see the CySEC complaints department. Traders in Australia can complain to ASIC, see here .


If you chose to trade with an unlicensed broker, your complaints may be explained below.


To avoid problems, you should think about using one of the brokers we don’t get complaints about, see here .


Automatic Trading Software


Many traders open a binary options trading account because they saw an ad for some “secret system” that generates money. These systems go by the names FastCash. Biz. Binary Boom , and Millionaire’s Blueprint just to name a few.


Their software creates an account for you with some shady broker, and then tells you to make a deposit and you will make money while you sleep. The problem is that the software doesn’t work, and the brokers are usually just a scam.


Read about legitimate trading software from good brokers here .


Managed Accounts


You received a call from a senior broker at the firm offering to trade your for you, almost like a money manager.


The problem is that trading options is extremely risky. Risky enough to lose all the money in your account. Experience does not make a difference. By authorizing a broker at the firm to trade your account, you are giving away your money.


Do you know that this broker only makes money when you lose your money?


Any time a broker offers to place a trade on your behalf, tell them no! If you want to trade binary options, then do your research and learn how to become a trader. But do not think that someone else is going to make money for you. If they are such a good trader, then they would be trading their own account, and not trying to manage your money.


Bonus Policy Complaints


The main reason why traders cannot withdraw their money from a binary options broker is because the trader accepted a bonus.


Before accepting a bonus from a broker, the trader should read the brokers bonus policy. Most brokers, regulated and unregulated, will require traders to trade 20 – 60 times the value of the bonus.


If the trader deposited $500 and received a bonus of $200. The trader will have to generate a minimum trading volume of $500 x 20 = $10,000. Now that is a lot. By accepting the bonus money, the initial $500 that was deposited can only be withdrawn after meeting the trading volume. In other words, a trader deposits $500, received a bonus of $200, which makes the account balance $700. The trader places a trade and profits $85. The account balance is now $785. The amount eligible for withdrawal is Zero!


For this reason, CySEC wants to ban to use of bonuses at Binary Option Brokers. This is a reason many unregulated brokers have so many complaints against them. Many scam brokers will automatically give traders a bonus without the trader asking.


Unauthorized Credit Card Charges


There are two reasons for unauthorized credit card charges. The first one is, it was an honest mistake and the broker processed your payment twice.


The second reason for an unauthorized charge is that the broker you thought was going to double your money, lost it all. And then the brokers calls to convince you to add more money for him to play with.


This can be avoided by using Wire, Skrill or PayPal to fund your trading account.


Withdrawal Complaints


When dealing with a broker that is not processing your withdrawal request there are a few things to keep in mind. The requirements to withdraw your money is much more difficult that depositing money. To withdraw money from a broker they require many different forms of identification verification.


The standard items requested are: Proof of Identification – Passport / Drivers License / National ID. Proof of Residence – Recent utility bill dated within the last six months, current local authority tax bill, bank or credit card statement. Deposits made by Credit / Debit Card will require a scan of the front and back of the card.


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Ifollow - Social Trading




What is iFollow?


iFollow is a new trading tool that Empire Option offers its users free of charge. The idea comes from other systems, which are already common in FOREX. This system is referred to as Social Trading. The foundation of iFollow is to allow us to use the knowledge and results of more experienced traders and copy the trades they place in their accounts, in our account. It’s as if the best traders were also trading in our account.


With iFollow it is possible for any user to achieve the same results in binary options as the best traders . You just have to have an account with Empire Option. The tool is free.


How does iFollow work?


– On the platform at Empire Option you will find a detailed list of active investors. You can view your ranking on this list. The list is organized based on the success rate of your operations and your earnings. In addition to the name and nationality of the investor, you also have access to the number of followers and the number of positions that he has traded so far.


– You can follow several traders/investors.


– In the same way that you can start following any trader whenever you want, you can also unfollow them at anytime.


– You should also configure the following details :


a) Following timespan: You can choose time-spans ranging from a day to a year.


b) Value per Trade: Be careful when choosing the value of each transaction in your account. Always take into account that the trader whom you follow may have a very different account value from yours, and therefore the value of the trade that he places in his account will not always be the same value that you should copy in your account. In order to not run unnecessary risks, read the Risk Management article . where I explain how to calculate the values of trades and how much to invest in each trade. When you follow a new investor/trader, you should start by placing low value trades until you gain some confidence in the results and in the consistency of the gains that you have with this new investor. Do not use the option “No Limit”, since it will copy the values of the transactions.


c) Overall investment limit: This is the maximum investment amount for the total trades copied. Do not use the option “No Limit”, since it will copy the values of the transactions and the total quantity traded.


iFollow Conclusion:


Social Trading systems are very common in Forex. As long as some precautions are taken, namely risk management . Social Trading systems are a way of getting very interesting profits. In binary options it is still very new, but I think that based on the success that they already have in other financial markets, they will also be a success in this financial instrument.


For those that do not like, or trust, automatic Algotrading systems ( Robots ), this is a nice alternative, especially for those who are starting out and do not have any kind of experience in trading that will allow them to achieve positive results on their own.


In addition to the potential profits you can obtain by copying the best traders, you are learning, as long as you take some time to try to understand how they trade.


My opinion is that iFollow is an interesting alternative for binary options trading without the need to have trading skills and with good potential profits, because you will be copying other traders that have proven results and are the best.


If you can reconcile the use of this tool with training and education in binary options, it would be the ideal so you can have positive results consistently.


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Day Trading Vs Binary Options Is It Gambling All Trusted Brokers In One Place




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Safe Zone Strategy scam review


Safe Zone Strategy is a Scam!


Beware, read our honest review on this bogus auto trading software.


Safe Zone is completely automated auto trading solution which will place trades on algorithm based on peak strategy. Will throw some words about this strat for those who are not familiar with it. The strategy is most accurate on high volatile currency pairs or commodity like gold. The creator of this strategy believes that after high unusual spike on the markets price, an immediate pullback will happen. The traders are using those pullbacks to place their trades in opposite direction of the spike and gain profits for short period of time.


The creator and CEO of safe zone strategy system Tony Flanagan claims that his auto trader can achieve 74% success rate, which sounds reasonable. In addition to that his robot is adopting and self-learning from the trades he made. We are not sure how this is possible, but anyway.


Why we think safe zone strategy is a scam?


First, we believe that such thing as a safe zone in Forex or Binary Option trading does not exist. It’s simple, there are high probability trades and low probability trades, which are used by the traders to generate profits. We can confirm that there is a strategy called “the peak strategy” but we are not aware of algorithm who’s managing to trade those peaks automatically. The reason why this is close to impossible is simple. Those peaks occur after news releases, statements, different types of force majeure situations, big net investments placed from major banks or huge hedgefonds and the list goes on and on. The link between all those major events is that they are unpredictable, we can spot them and manually trade them but for automated robot will be really hard as I said close to impossible.


Let’s examine the website safezonestrategy and the promotion video, we have simple page with one video and a box asking for your email in exchange to gain access to the second page of safe zone. The presentation video is made from voice over actor who start to throw some expensive mansion and cars pictures. The trick is very typical for similar scam binary options solutions, the presenter just tries to make you eager and sign. We couldn’t find any endorsement on safe zone strategy on any reputed industry blog or forum website. We tried to find something regarding the so called creator of this deceptive product Tony Flanagan, but unfortunately we couldn’t even confirm that he is a real person. And on the second page of this misleading software we find some fake testimonials by stolen identity beta testers.


Samira Smith earned $2711:


Unfortunately Safe Zone Strategy is looking too phony to us and we couldn’t find any legitimate information about this product. The creator also couldn’t attract us with any of his cheap tricks and way to lead us into registration. At this point there is not a single reason why safe zone should not go straight to our black list. In order to be polite we encourage everyone who has some kind of feedback or experience with this auto trading service to share it via comment or email. Until there is no reason for us to believe otherwise our final verdict on Safe Zone Strategy is that this service is a SCAM!


Newcomer to options industry? Be advised that signing with free demo account is one of the wisest decisions you can make! With such account you can start trading risk free in order to gain experience and confidence. Anyway if you are looking for decent binary options auto trading or signal alternatives you can take a look at our trusted BO solutions .


For further questions please contact me at: binaryoptionsspotgmail


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Binary Options Exchange Nadex Welcomes Group One Futures Trading As Market Maker




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The Chicago-based regulated binary options exchange operator known as the North American Derivatives Exchange (Nadex), has today announced that Group One Futures Trading, LLC (Group One) has joined its exchange membership as market maker.


The move lends confidence from the options industry to the binary options space, as binaries are a related sub-segment of options that also share parallels with OTC forex and offered by a plethora of online brokers albeit not on a regulated venue like Nadex - in most parts of the world.


As the appeal for speculators to trade binary options has been increasing, Group One, which is one of the largest privately held options trading firms in the U. S. It will be making markets in a wide range of contracts listed on Nadex, including binary options on commodity and stock index futures.


Group One was also described in the official press releases as having an affiliate network, thus there could be cross synergies as its affiliates will now see it make markets in a number of regulated binary options products on Nadex, as announced. Group One is part of Group One Trading LLC, and affiliated with Group 1 Trading LP, which have offices in New York, Chicago, Philadelphia, and San Francisco, according to group1.com.


Nadex is expecting that by adding a market maker like Group One, that it will help tighten spreads and increase liquidity, and thus provide deeper markets for some of the most heavily traded products on Nadex. For example, the exchange noted that intraday, daily and weekly US500, Wall St 30, and Gold. could benefit by enabling traders to have a smoother experience executing trades in these products – thanks to the addition of Group One as a market maker.


John Kinahan, Interim CEO, Group One Futures Trading LLC


Group One Interim CEO John Kinahan commented in the official press release, “Nadex is a well-respected exchange and we are excited to have the opportunity to make markets there,” and concluded, “Group One provides competitive liquidity across a broad range of markets and Nadex offers us the opportunity to bring our skills to a retail-focused market with novel, interesting products.”


Forex Magnates reporters spoke with Mr. Kinahan around time of publication, he explained that his firm isn’t looking to make markets in Foreign Exchange on Nadex, as its background experience is chiefly on equities, options, index options and commodities, and thus is focusing its talents where they can be most effective.


Tim McDermott, CEO designate at Nadex added in the announcement, “Group One is an expert in its field and will help provide additional liquidity in our most heavily traded markets.”


The addition is part of the exchange’s strategy to attract members and clients, Mr. McDermott concluded, “As part of our overall strategic goals, we’ve been seeking to partner with highly qualified market makers to provide even greater liquidity and tighter spreads; this development should make Nadex an even more attractive trading platform for current and prospective members of the exchange.”


Nadex is part of IG Group. the UK-based publicly traded brokerage operating the IG website. The announcement follows recent additions Nadex made in early March when it expanded the number of expiry’s for two key major currency pairs. as reported by Forex Magnates.


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Binary Options Are A Simple, Low Cost Way To Make Money In The Market




Binary Options are a Simple, Low Cost Way to Make Money in the Market


Learn my simple, no indicator, low stress method of trading the S&P Binary Options


Don’t be glued to the computer. My method takes a maximum of just a few hours per YEAR.


Proven profitable for months.


Binary options are a great way to get started in trading the market. They are similar to regular options but with several advantages.


First, is that it's much easier to set up and fund an account. Additionally, you can start with a much smaller amount, as little as $200.


Second, is that placing the trades is much simpler than trading with other instruments. The most common trade binary options is to simply bet whether the market or particular stock you are considering will close higher or lower in the next hour or by the end of the day. If you are correct you receive 70% to 95% profit.


Third, is that there are no margin calls or any other risks other than the amount you have placed on any single trade. You can lose the entire amount on that trade but no more. So your risk is strictly limited to whatever you have bet on that binary options trade.


In order to be successful with my binary options trading strategy you need to have an edge. I have found just such an edge and will share it to you for free. Just fill out the form below and I'll e-mail you the link to download the e-book that describes exactly how to place the trades.


Binary Options 50 Deposit Trading Volume Binary Option Platform




Binary options 50 deposit trading volume. Binary Option Platform


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My 60 Seconds Binary Options Trading Style




advantages of 60secs trading:


– quick profit


– more trading opportunities


– more volatility when the marke is slow


– more solid Price Action setups, at least for me


– you should be faster than the regular trades


– many times you can miss an entry


– you can become greedy and loose everything


– many say that is gambling (I don’t believe it, if you have a plan and discipline)


Now, let’s go to the techical analysis. I believe that the most solid and the “holly grail”that many people are looking for(but they never understand it) is Price Action. I don’t mean candlesticks patterns, I am talking about how the price acts in some specific levels. These levels might been Support/Resistance, Daily Pivots as S/R, Fibos and extensions as S/R, Harmonic Patterns, Head & Shoulders, Double Top/Bottom Patterns, change of polarity(a support becomes a resistance and the opposite). This is what I call “PURE PRICE ACTION” and it’s something that you give you the opportunity to trade with or against the trend and stay profitable.


Indicators:


About the indicators, I have one simple thing to say. There isn’t a magic indicator, there isn’t a magic system which will make you rich. So, the best choice is to stop looking for them and learn basic price action. Personally, the indicators I use are EMA’s (for identifying the trend), CCI, RSI(for identifying overbought/oversold of the asset), whole number’s indicator(as confirmation of S/R), Daily Pivots and Daily Fibos indies. All of them are simple indicators to confirm PA and you can find them free.


Some Screenshots of my today trades using Price Action for trading a reversal


performance: 80%


Look at the beginning of the rectangle. The price after a big movement upwards hit the whole number 1.51100(the cyan line) and then make a big movement down. The whole number is now our resistance. Price make a come back and come again near the whole number. When price touch our resistance I took the trade(the put arrow). It was ITM. The doji star here is our confirmation. You can easily see from the EMA’s (8 EMA is above 4 EMA) that we are in a down trend. So, in this case we are trading with the trend.


In the second screenshot we have the same situation but now we are taking a call the second time that price test th whole number 1.27864 which is our support. In this case you can see that our 8 period RSI is below 30 level. This means that the asset is oversold this moment and this is our confirmation. We should wait for a small pull pack and it comes. The next candle is green. ITM. Notice that we are in a down trend.


Kind Regards,


More 60 second binary options trading strategies articles


60 Second Options




60 Second Options


You can make more money in 1 minute than others do all day. Hang on to your seats! Trading 60 second binary options is exactly what it sounds like. With one minute options, you can open and close trades in as little as 60 seconds.


This is the absolute fastest trades you can make online. They are fast, exciting, risky and fun. If you have what it takes to trade the fastest expiration times in binary options then you are going to love tradeing 1 minute options.


You’ll find this exciting 60 second binary trade offered by TradeRush . Banc De Binary, and 24Option.


The one minute timeframe is one of the fastest way to trade on the web ; it’s not unique to binary options (you can also trade the one minute timeframe in Forex for example), but it is very popular for options trading. There are benefits and drawbacks to trading this short timeframe. You should familiarize yourself with the advantages and risks before you decide to get started.


What are the advantages of trading the 60-second timeframe?


Make 70% Returns In 1 Minute


The biggest advantage is that obviously you can make money very fast . You can trade very small price movement. Moves which would do nothing for you if you were trading the hourly timeframe or a daily timeframe. These movements could make you a huge amount of money on the 60-second chart since you could place multiple trades going the same way to profit from strong trends.


Make More Money In 60 Seconds Than Many People Do All Day


As your risk would be higher with the quick trade. you stand to win or lose a lot more money.


That’s the reason that 60-second binary options trades also are double-edged swords. You can win quickly, but you can also lose just as quickly. If you’re investing a lot of money on a tiny price movement, just think how little it takes to also lose your investment. If you made a wager which is One Touch, the fortunate thing is that even if price moves far against you, your risk is fixed and you’ll lose only what you invested. You’ll still lose it all, though, which can quickly burn you through your bankroll. And if you did something like bet a “No Touch,” think how tiny a movement the market would have to make against you to cause you to lose your investment.


Challenges Trading 60 Second Binary Options


The other main advantage (or disadvantage) of the short time frame is psychological. Some traders have a hard time with longer timeframes because they second guess themselves during the extended time period that they’re in the trade, and end up making stupid decisions which they would not have made while testing.


There is a certain type of person for whom short term trades are ideal. It isn’t most traders. And if you’re a beginner. it would be best for you to start on a slower timeframe. If you mess up on a longer timeframe, you may have minutes, hours or days to figure out what you’re doing wrong and fix it before you run out of money. If you’re trading the one-minute expiry, you could burn through your money quick if you get carried away and have a series of trades turn against you. There are advantages of trading 60 second options and disadvantages.


Trading 60-second binary options is hot right now and it’s an exciting way to make money fast. But we encourage you to consider starting out on a slower timeframe first so that you can learn how to trade binaries responsibly. Then work your way up to the fast trades if that’s what you want to do.


What Kind Of Charts Work For 60 Second Binary Options Trading?


When I was first getting into trading these 60 second options the charting setup was fairly straight forward. I was using candlestick charts of course and had them down on the 1 minute time frame. I did not use any indicators like EMA’s or Fib’s, instead watching for price action and certain patterns to form on the candles.


Start looking at 1 hour charts, whittle down to shorter and shorter candles. Decide if the overall trend is bullish or bearish. Keep working your way down to the smaller charts. Draw resistance lines at the 5 minute charts. Use these as your guides to play price action.


Look for opportunities to bet with the overall trend based on the candle formations once you have whittled down to the 1 minute chart.


Which Reputable Brokers Have 60 Second Binary Trades?


24Option


Goptions – USA accepted with 60 and 30 second options. Our top pick for US based clients


CherryTrade – US friendly SpotOption broker offering 60 second trades


TradeRush – Pioneered the 60 second trade


Banc De Binary – Industry leader and top notch broker


Learn more about these brokers here .