Problems With Binary Option Brokers

This post is a consolidation of the feedback from readers of my blog about the binary option brokers that have used before. In this post, I will not disclosed the broker’s name.

No matter whether you are trading stocks, forex or binary option, you will need to have a reliable broker that you can trust. For me, there are 2 things that I am very particular about when choosing my forex broker and binary option broker.

It is regulation and safety of funds. I must make sure that the broker I am using is well regulated in reputable countries plus I must have no problem withdrawing my profits from trading.

Before are some feedback from readers about their brokers

1) Stop you from trading

I have heard from one reader that he has a very reliable strategy on the gold binary trading and after making a number of profitable trades, he realize that he no longer have the option to trade gold on his platform anymore.

This is a sign that the broker is stopping him from trading gold as he is making profits in it.

This is to me an unfair way as they only allow him to lose money but do not allow him to make money. However I have never had this problem before even when my strategies are profitable for me for years and I guess this is the difference between a well regulated and poor regulated brokers.

2) Problem in withdrawing money

Another reader told me that the problem with his broker is he can’t withdraw his money after depositing it.

Once he deposited the money, he was told that he has a bonus and from that point onwards, he can’t withdraw the money until his bonus is activated. In order to activate his bonus, he will have to trade 30 to 50 times the amount he had now.

His money is now stuck until he is able to survive 30 to 50 times the amount he had. That is why he took my binary option mastery course hoping to help him survive the trades.

3) Disappear after sometime

Another reader told me that he had a broker which will trade his account for him and he was informed that he has made $12,000 for him. For me, this is very weird as I have never heard of such broker.

Suddenly, the broker disappear and he no longer can log into his platform nor able to contact that person.

I know that there are always people calling from the broker firm giving you trading advice or signals, but I have never heard of any who will trade for you. So please do not fall into such scam.

The purpose of this post is to share with my readers what I have heard from the other readers and my students. This is to warn you to be more alert when picking a binary option broker to use.

If you pick a wrong broker, you will find that you will never be able to withdraw the profits you have made.

Do feel free to email me to share with me any problem you have encounter with your broker before so that I can update this post.

Readers have been emailing me asking me to recommend them binary option broker or which broker I am using.

If you are looking for a reliable broker to use, below is the broker I have been using since 2012 and have no problem withdrawing my profits from them.

Click Here To Read More About The Broker I Am Using

They are very well regulated and in fact, if you are based in London, you may have seen them on your local cab advertisement.

 

Disclaimer

Binary Options carry a high level of risk to your capital due to the volatility in the underlying market. These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor.

This covers all information in this website, and no further information provided within this website or through correspondence with the author or webmaster on any platform is intended to supersede this disclaimer

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