We have recently received complaints and read many negative reviews on the internet about regulated binary options brokers using indecent practice towards traders. Although some binary brokers may be regulated, we do not recommend opening a trading account with ANY broker, be it a regulated broker or a non regulated broker, as THEY ALL seem to be unethical and non-trustworthy, even the regulated ones! If you have been scammed by such a company you can check out our RECOVER FUNDS FROM BINARY SCAMS section.

Also, instead of trading binaries which are mostly scams, you can trade with a trustworthy and popular FOREX broker such as TradeFred.

American Regulator (CFTC U.S. Commodity Futures Trading Commission) Fines Westward and Coucarin $1.8 Million for Binary Options Fraud

Although not direct part of the $3 million binary options fraud, Westward International Ltd. (Westward) and Coucarin Holdings Ltd. (Coucarin), have come under the US regulator’s hammer and are now required to pay nearly $2 million. Today, the CFTC has announced that it obtained a federal court order requiring Westward and Coucarin to disgorge ill-gotten client funds since they did not provide any legitimate services nor had any legitimate entitlement or interest to the client funds, the agency said.

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