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Monday, 27 March 04:28 (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

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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.

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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!!!

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

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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:

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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.

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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

 

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Choosing Profitable NordFX Signals: 300% a Month or 300% a Year?

 These days, trading signals has become really popular among retail traders and investors from all over the world. Speaking about those signals, they come in different shapes. For instance, auto-copying is one of the most popular formats of providing trading signals to retail clients.

 
This is all about letting the client copy successful traders’ performance in automated mode. This means that while the client stays in control of their investments, it’s possible for them to outsource all the routine job of copying the signals to trading software and enjoy passive income on a regular basis rather than having to wait for trading signals to come out and apply them manually. Basically, that’s one of the key reasons why auto-copying services has been getting more and more popular worldwide over the last few years.
Publication date: 21 March 08:16 AM

Pro-rebate.com: 10% of Profit Made by Auto-Copying Masterforex-V’s 5 Best Traders in February

 In February 2017, those who invested in Masterforex-V Academy’s best traders by copying their trades in auto mode got paid handsomely once again, pro-rebate.com experts report. To be more specific, the 60 best traders collectively made over 67000 points of profit. The top 5 traders made 4270 points of the mentioned profit.

 
It should be noted that over the last 6 months, the average monthly profit has nearly doubled all the way up to 61000 points. For the sake of comparison over the previous 18 months, the average profit never went beyond 35000 points.
Publication date: 20 March 12:26 PM

Bitcoin Is By Right the World’s Most Popular Crypto Currency

The crypto currency as phenomenon emerged not so long ago compared to other digital means of payment. However, since then, it has already managed to will its own place under the sun, and it keeps on getting more and more popular across the entire Internet. More and more people start using crypto currencies as an online means of paying for products and services both offline and inline. On top of that, Bitcoin and other crypto currencies allow an increasing amount of people out there to make money for a living.

Publication date: 20 March 05:14 AM

Pavel Krymov: Crypto Currencies Are Some of the Most Promising Investments

For those of you who don't know, Bitcoin has been one of the biggest financial newsmakers over the last few weeks. After a prolonged rally (at some point, Bitcoin even got more expensive than gold) connected with certain events, the crypto currency unexpectedly dropped only to recover most of the lost ground a few days later.

Publication date: 19 March 01:49 AM

Masterforex-V Club’s «PrivateFX №1» Portfolio Gets +0,71% More This in a Week

When it comes to investing money, it’s always a good idea to advance slowly but surely. The past trading week happened to be a success for the managers of the «PrivateFX №1» portfolio. In particular, the 5 trading days of the week ended up with 106,43 dollars of profit, which is 0,71%. This is not that much in absolute terms. However, within 12 months of such a profitability, the initial capital of $15K could see around $6600 on top.

Publication date: 10 March 04:56 AM

Bitcoin Exchange Rate Hits All-Time High

In late February, the exchange rate of Bitcoin, the world’s first and most popular crypto-currency, reached a new all-time high – 1 183,68 USD/BTC. This happened earlier in the morning, on February 24, at itNit, which is a New York-based exchange. A couple of hours before setting the all-time high, the exchange rate exceeded the $1000 threshold.

Publication date: 06 March 08:47 AM

Masterforex-V Club’s «PrivateFX №1» Portfolio Outperforms Other Financial Instruments

Misfortunes are always followed by good luck. This is what PrivateFX №1 investors hope for. And they really have a reason for that, even though February didn’t turn out to be a profitable month for them. the thing is, after the profit made at the very beginning of the trading month, the investment portfolio saw an unpleasant drawdown, even though a minor one.

Publication date: 28 February 11:48 AM

PrivateFX, Masterforex-V Academy and PRO-rebate Launch PAMM Trading Contest

The trading year started without any major events. There is nothing to be surprised about given the fact that financial markets are really afraid of unpredictable Donald Trump who has been making controversial statements and changing his mind from time to time, thereby triggering ups and downs in financial markets. These days, it’s rather difficult to predict the market and follow the trend even if you are an advanced trader with many years of expertise and excellent tools under your belt. The question is whether it’s really possible to benefit from Forex without being pegged to international events.

Publication date: 23 February 02:25 AM

Greek Economy Starts Growing

Last Friday, Pierre Moscovici, who is the European Commissioner for Economic and Financial Affairs, Taxation and Customs, visited Athens to discuss with the Greek government the report on the situation with the Greek debt to the international lenders.

Publication date: 22 February 08:58 AM

Investors Recognize PrivateFX World’s Best PAMM Broker 2016

Investing in Forex is probably one of the most promising ways to make money in passive mode. If you are cooperating with a reliable broker, and your managing trader is interested in making money on mutually beneficial terms, often times you can get a weekly profit, which is going to be bigger than the interest rates paid you annually as a bank depositor. This holds especially true for PAMM investments, which are the best options to make money in financial markets in passive mode.

Publication date: 16 February 05:02 AM