Mon, 11 Apr 2016 10:13:00 +0000
After multiple complaints filed by many representatives of the English-speaking trading community, the CSA, Canada’s financial regulator, decided to ban a number of binary options brokers. All in all, there are 37 brokers on the blacklist. The decision was made on March 9th, 2016.
It is interesting to note that the CSA is going to expand the blacklist, should some other brokers compromise themselves. That is why the financial regulator urges the trading community to the regulator’s websites and report their complaints on other brokers if they are trying to play dirty tricks or scam their customers.
Loss of Trading Capital - Major Risk With Binary Brokers
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Binary options are relatively young but they have won the hearts and minds of millions of traders around the globe. They are an excellent alternative to conventional Forex trading. With binary options, you can still trade your favorite currency pairs. However, now you can do it the easy way but you don’t have to maintain the trade each time you open it and your trading results don’t always have to rely on the amount of pips the price have changed by.