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.

Canadian Bankers Association: Don’t Risk it All on the Binary Options Scam

TORONTO, March 27, 2017 (GLOBE NEWSWIRE) — The pitch fraudsters use when selling binary options often goes something like this: “I made over $2,000 with binary options this week. What are you waiting for?” “The promise of easy money can be alluring but if it sounds too good to be true, it probably is,” says Terry Campbell, President of the Canadian Bankers Association. “Consumers should be skeptical of websites offering binary options bets and instead take the time to research investment opportunities thoroughly to avoid taking a gamble that never pays off.”

Full press release: