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IMPORTANT UPDATE AND WARNING:

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 FXORO.



Are Binary Options a Scam?

The short answer is no, only some of the brokers are scam brokers. The longer answer can be read below:

Are All Binary Options Trading Websites a Scam?

Binary Options does not necessarily equal to fraud, but many brokers have been known to use indecent practices and up until recently the whole entire market was unregulated and any person with a few thousand dollars and some internet know-how could start a brokerage, solicit customers with promises of huge wealth and pretty much get away with all of their money. There have been numerous brokers who scammed innocent traders out of their hard earned cash and this is a known fact.

But it does not mean that the whole entire market is infected, there are numerous brokers that have been operating for many years and are not scams, they are regulated by official governed entities of western countries, banking institutions and committees and are not interested in scamming or defrauding traders. You can find information about many of these regulated and trusted brokerages on our website.

How to Make an Unofficial Complaint to BinaryOptionsRegulations.net

If you feel that one of the brokers reviewed on our website as regulated and trusted has scammed you or used any indecent practice towards you please send us an email to binaryoptionsregulations@gmail.com with your story, if you have screenshots of trades, emails and correspondence with the broker, skype conversations ect’ – add them to your email so that we can look into the matter and try to help you.

How to Make an Official Complaint

Australia: Complaints about unsolicited calls from binary options brokers or about scam / fraud or indecent practice can be made officially to ASIC on the page in this link.
UK: Complaints about unsolicited calls from binary options brokers or about scam / fraud or indecent practice can be made officially to FCA on the page in this link.
Europe: Complaints about unsolicited calls from binary options brokers or about scam / fraud or indecent practice can be made officially to CySEC on the page in this link.
China: Complaints about unsolicited calls from binary options brokers or about scam / fraud or indecent practice can be made officially to SFC on the page in this link.
Canada: Complaints about unsolicited calls from binary options brokers or about scam / fraud or indecent practice can be made officially to BCSC on the page in this link.
USA: Complaints about unsolicited calls from binary options brokers or about scam / fraud or indecent practice can be made officially to SEC or CFTC on the page in this link or this link.
Italy: Complaints about unsolicited calls from binary options brokers or about scam / fraud or indecent practice can be made officially to CONSOB on the page in this link.

Forex Peace Army Complaint

You can also make a complaint in the scam alerts on the Forex Peace army website: in this link
They have a lot of experience in dealing with forex and binary options scams and can guide you on what to do if you have a problem with a broker.