Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Wednesday, 23 August 13:33 (GMT -05:00)



Foreign exchange market

Canada’s Financial Regulator Bans 37 Binary Options Brokers


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

6cfa3e731df0.jpg

According to the professional trading community of Masterforex-V Academy, binary options are nothing but a certain kind of casino business tailored to financial markets.
 
Basically speaking, binary options traders, like casino players, bet on how the chosen asset (for instance, EURUSD) is going to behave over a certain period of time. Simply put, they can bet on whether EURUSD goes up or down in, say, 5 minutes relative to the current price level. There is nothing wrong with that. If the broker is honest and doesn’t play dirty tricks on you, there is a chances to capitalize on trading binary options provided that you have enough skills and expertise in doing so.
 
Still, the thing that spoils everything is the fact that there are many scams operating in the niche, which is why the folks may have a hard time telling reputable and honest companies from fakes. The thing is that a lot of binary brokers are registered in offshore areas and their businesses are regulated by local legislation. When dealing with offshore brokers, some traders may face a serious problem when trying to withdraw their profits, if this happens to be a disreputable broker.
 
Is it possible to make money trading binary options? Yes, it is!
However, Masterforex-V Academy experts say that this is possible only if you are an expert in trading binary options and if you trade with a reputable broker.
 
A couple of years ago, a scam FX broker named Broco refused to pay a Masterforex-V Academy trader $8000 of profit. In 6 months, the broker was banned in the USA and disappeared with client funds. With that being said, it is crucial to go with a reputable broker.
 
CSA’s Blacklist 2016
 
The regulator’s blacklist contains 37 binary broker to date. However, it is strongly recommended to visit the regulator’s official website to check the blacklist for updates. For now, the blacklist looks as follows:
 

 

10trade.com, 24option.com, 247binary.com, 24winner.com, amberoptions.com, anyoption.com, bancdebinary.com, binareo.com, binarytilt.com, bosscapital.com, cedarfinance.com, cherrytrade.com, dragonoptions.com, fmtrader.com, goptions.com, grandoption.com, gtoptions.com, leaderoption.com, lionlive.com, no1options.com, onetwotrade.com, opteck.com, optionfair.com, optionrally.com, optiontime.com, optionweb.com, option.fm, poweroption.com, rboptions.com, redwoodoptions.com, stockpair.net, sycamoreoptions.com, topoption.com, traderush.com, tradersking.com, triumphoption.com, ubinary.com.

283e8beb4497.jpg

However, the CSA’s decision seems to have had zero impact on the binary options industry in Europe, where binary options have been very popular with traders of all kinds. Still, the CSA’s ban may well trigger a wave of closer attention to the industry by other financial regulators and central banks worldwide.
 
Different financial regulators exchange valuable information with each other and are perfectly aware of the fact that a blacklisted company may violate the law in other countries as well.
 
That’s why savvy clients of such blacklisted companies are among the first to start withdrawing their funds since they know what’s probably going to happen next. However, this is happening everywhere expect Russia and the CIS. Let’s consider 24option as an example.
 
 
The company concealed the incident from the clients and keeps on promoting the service through Yandex.Direct and Google AdWords.

 

The company’s official website says that it can boast as much as 9 prestigious awards!!!

b7bfa6a3358e.jpg

24option is still a member of Russia’s CRFIN.

abf9a0e17650.jpg

Rodeler Limited, which owns 24option and some other related brands, keeps on promoting them in the EU. It is licensed and regulated by  the CySEC. The licenses are given to:

 

www.24option.com, www.rodeler.com; www.24fx.com; www.grandoption.com; www.quickoption.com; www.24option.it; www.24option.ru; www.24option.eu; www.24option.de; www.24option.fr; www.24option-tr.com; www.24option.es:

7ab0ee563662.jpg

The bottom line is… ambiguous at best. A binary options broker banned in Canada is officially licensed and allowed in Russia, the CIS and even the EU.
 
Ratings Should Be Up To Date
 
Under circumstances when financial regulators blacklist brokers ONLY AFTER they scam people or have already done something illegal, he only way for the average trader to avoid such scams and fakes is to make use of unbiased ratings of brokers. While most ratings out there keep on promoting those brokers banned by the CSA, there is a handful of ratings that stay honest and unbiased.

On top of that, Masterforex-V EXPO is the only source of ratings that was quick to reach to the incident and instantly updated the ratings of binary brokers based on the CSA’s blacklist.
 

 

As you can see from the screenshot of the rating of binary brokers by Masterforex-V EXPO, none of the 37 blacklisted brokers can be found in the ultimate league of binary brokers, which is includes the industry’s most reliable companies to date. Moreover, 6 out of 37 brokers belong to the secondary league. With that being said, if you want to go with a secondary league representative, please keep in mind that you are doing so at your risk. The rest of the blacklisted brokers can be found in the 3rd league, which includes the brokers you are strongly recommended to avoid.

4628c85a3c48.jpg

36d187966ba3.jpg

The bottom line is that Masterforex-V EXPO’s ratings can be treated as some kind of leading indicators for the FX and BO industry. This is an unbiased project based on dozens of independent factors taken as criteria for the ratings – from year of expertise to client feedback/open voting. We also fine any broker that was caught blacklisted or playing dirty tricks on their clients. That’s why even tough such brokers as AnyOption, OptionRally, and OptionFair are fairly popular in the industry and have a lot of rating points, they still don’t belong to the ultimate league anymore since they were find for 100 points, which made them go way down. This is basically one of the key reasons why you can trust Masterforex-V EXPO’s ratings. Stay tuned and good trading!

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Bitcoin Sets New All-time High, Experts Predict Market Crash

Bitcoin is reported to have set another all-time high. In particular, the exchange rate exceeded $4000 per 1BTC. At the same time, more and more experts start predicting another crash in the Bitcoin market.
 

 

For those of you who don’t know, since early August, Bitcoin has already gained 60%. Which is even more amazing, the world’s number-one cryptocurrency has quadrupled in value since early 2017.
Publication date: 21 August 02:19 AM

Dukascopy Bank on Bitcoin Future after Bitcoin Split

On August 1st, 2017, the entire world of cryptocurrencies changed. The thing is that from now on, there are 2 forks of the world’s first and most popular cryptocurrency, which also enjoys the biggest market capitalization among its peers. We are talking about Bitcoin (BTC) and Bitcoin Cash (BCC). The split was followed by increased market volatility for both currencies, which was mostly of technical nature caused by the circulation of Bitcoin Cash rather than the classic supply and demand, experts say.

Publication date: 15 August 09:11 AM

Masterforex-V VIP Traders’ Performance. July 2017

The unbeatable FX strategies mentioned in a brand new book on the secrets of Forex investing by Masterforex-V keep on making both traders and investors richer. By the way, the yield in this case is way bigger than the one you can get by investing in bank deposits or any related low-income investments. The very essence of this kind of investing makes it possible to avoid poor and hasty decisions, thereby leveraging the entire process. By the way, VIP accounts have been among the top 10 accounts available for auto-copying at pro-rebate.com.

Publication date: 09 August 05:33 AM

UK Ready to Pay 40 Billion Euro for Brexit

The international expert community along with mass media keep on trying to evaluate the cost of the Brexit for the United Kingdom. The most popular version is that quitting the European Union will cost Great Britain around 40 billion euros. In particular, this idea is advocated by Deutsche Welle.

 

 
At the same time, The Sunday Telegraph claims that the specifics of the financial compensation to Brussels will become the catalyst for the Brexit talks. While referring to the high-ranking sources in the British government, The Sunday Telegraph reports that the government is ready to pay the EU up to 36 billion pounds, which is around 40 billion euros. This is the sum is intended to cover the UK’s financial liabilities to Brussels.
Publication date: 08 August 09:29 AM

Masterforex-V Expo Names World’s Best Brokers for Beginners in July 2017

Along with required knowledge and skills, the broker makes up the lion’s share of the trader’s success in the Forex market. That’s why choosing the right broker right off the bat is so important.

 

At the same time, most of the traders joining Forex to start making money often lack the required experience to make the right choice. On top of that, most of them are convinced that all the brokers are the same, which is why they ignore the significance of making the right choice and make this choice randomly.
Publication date: 08 August 03:54 AM

Bitcoin Exceeds $3300 Threshold

Bitcoin, which is the world’s first and most popular crypto-currency, started another strong rally a few days after it was split into 2 versions. According to Coindesk, the classic version of Bitcoin exceeded the $3300 threshold and set another all-time high at $3319. The thing is that the market capitalization of Bitcoin has been growing continuously ever since the mentioned split.

 

 
Publication date: 06 August 11:48 AM

Continuous Rally Shown By Crypto Currencies As Investment Opportunities

The phenomenal growth seen in crypto currency markets has become one of the leading tendencies of the year. Some of the crypto currencies have seen their value grow by 100%, 200% and even more. As for Bitcoin, which is the world’s first and most popular crypto currency, back in January 2017, it cost $1000 while in early July it cost over $2600.

Publication date: 29 July 01:00 AM

Alpari Increases Trading Turnover Up To $600,9 Billion In 6 Months

The international FX industry has recently been involved in a number of scandals. Against this background, we can only name a few companies with positive dynamics, efficient market products, and major license.

Publication date: 27 July 01:18 AM

Another Bitcoin Fraud Is Caught

Crypto currencies are controversial. On the on hand they give investors a decent investment opportunity. On the other hand, the may be way too risky. Often times, those are both market and even non-market risks, including fraud.

 

 
In some of the previous articles, we recommended you to start with a sound financial strategy and risk management before you invest even a penny in crypto currencies. We are not trying to say that those are bad investments. They can make you money if you really know what you are doing. However, you should be really careful about it since the advantages of decentralized and anonymous currencies may turn into disadvantages and loses for your wallet.
Publication date: 23 July 12:25 PM

Will European Parliament Help IronFX Victims?

Europe’s leading financial regulators have recently been founding them involved in various scandals. TheFinancial Conduct Authority (FCA) from the UK and the CySEC from Cyprus are some of them. The truth is, while those companies claim that they defend the customer’ rights, in reality they often take the broker’s side even though the broker may be playing dirty tricks on the customer.
Publication date: 20 July 03:19 AM