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.

Binary Options Regulations News Update: Mastercard VS Binary Options & Regulator Updates

Mastercard VS Binary Options
Mastercard VS Binary Options

Mastercard VS Binary Options – Canada

In Canada we are hearing that Mastercard has decided to try and filter out any transactions that are deposits from investors into binary options broker accounts.

The Canadian regulators are not doing a good job at regulating the binary options market and seem to be trying to leave the job of cleaning up the mess, to the credit card industry, instead of actually regulating the binary options market.

Real regulation can clean up the scene in no time and start a real licensed and regulated binary options market, instead of the wild west situation we have now going on in Canada.

Also, as reported by FinanceMagnates on friday: one of the Canadian regulators – The Nova Scotia Securities Commission (NSSC) – has posted a warning on their website about Magnum Options “which operates via the url and is owned and operated by Hampshire Capital Ventures Ltd, UK, lists a further Bulgarian-based business address on its website. The brokerage is also known to have used the url but neither of these entities are registered to sell securities in Nova Scotia”.

Israel Regulator Giving Fines


In Israel the ISA (Israeli regulator) is doing a good job. Partially.

We are a bit disappointed by Israel as many brokerages are owned by Israeli businessmen but Israeli regulators have yet to show the way in paving real regulation of the market.

The decision to ban binary options altogether to the local Israeli investors pool is a poor decision that will end up lengthening the real solution – that is real licensing and regulation of brokers.

Read more about Israeli Regulator (ISA) Fines Local Binary Options Broker D.G.I. Media Ltd


Also reported by a few online news outlets on Friday, it seems that French regulator AMF is looking into improving their former decision to ban “all promotional (advertising) communication from investment services providers to unprofessional clients regarding investment services for financial contracts which are not traded on a regulated market or through a multilateral trading system and whose maximum risk is unknown at the time of purchase, or for which the risk of loss is higher than the size of the initial investment or when the potential risks are not clearly understood in the context of eventual corresponding benefits.”

The update will “describe in detail the exact types of electronic advertising and instruments covered by the ban“. If you don’t remember, in the past months many European countries have either banned binary options all together or banned the advertising of binary options in their country.

That’s it for our current update, we will keep you posted.

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