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 STR Capital.

ASIC Added Five More Binary Brokers to its National Blacklist

The Australian Securities and Investments Commission (ASIC) has joined the war on binary options, and it does not seem to be slowing down. Just today ASIC added five more brokers to its national blacklist. The companies are: A.I.M Corporation Limited, Oproserv Limited (also known as 365BinaryOption), Pearson Investments, CFD Stocks, and Libor Capital.

The one size fits all reasoning that the Australian regulator gives on its website is that these companies might be running scam operations, and so they have not received licenses to trade with Australian clients. These brokers have also been found guilty of making unsolicited calls and sending out similar emails to locals regarding online trading, financial consultation, loans, and credit without gaining the proper Australian Financial Services (AFS) license from ASIC.

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