CONSOB (Italy, Commissione Nazionale per la Societá e la Borsa) has issued a warning against automated binary options brokerage Binary Options Robot. The entity offers via its website www.binary-option-robot.com financial services and products to Italian investors without having the required authorization. “[…] Binary Option Robot is not authorized in Italy to use cold calling, i.e. to promote or set up by means of any method, via distance communication, investment services or activities […],” the regulatory body noted.
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.