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.

The Re-branding Game – Beware of New Unregulated Binary Options Brands

Check the Age of a Brokers Website

You can check the age of the website of a broker using this tool:

Also it is of up-most importance to never trade binary options on a broker website that is un-regulated. Even if they don’t have any bad reviews on the internet, it may be just because they are using a new brand-name and a new website.

Don’t Fall For Their Tricks!

Many illegitimate brokers that are scams will steal money from clients and once they have too many bad reviews and complaints online they will just re-brand their product. They will change their brand-name, use a new domain name, make a new logo and design for the new website but other than that they are the exact same people scamming traders out of their money.

How Easy is it to Re-brand a Binary Options Brokerage?

Re-branding a brokerage is very easy and can be done within a matter of a couple of days. Getting regulated on the other hand is a tough thing to do when a broker decides to re-brand themselves. So if you have a new broker that you have never heard of before contact you and try to get you to deposit, beware that if they are unregulated, they perhaps are just a re-branding of a former broker that has already tried and maybe even succeeded to scam you in the past.