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Binary OnlineBronze Account $250

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PWR TradeSilver Account $250

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Warnings against Binary Options Brokers in UK, EU and Canada

It is sounding very promising to binary options traders in these days as government regulatory bodies are taking strict measures in curbing binary options scams in their respective country. Every country now has come up with a financial conduct watchdog so that scammers can be nabbed easily and consumers are protected from being ripped off. Yet many countries are arguing about the fact if Binary Options Trading truly a gambling product or a financial product however till date all most all countries vouch that Binary Options is a financial product but it has many loopholes for businesses to operate scams quite easily and frequently. Regular adverts are being rolled out by government agencies so that traders are aware of few company names which are termed as fraudulent. 

In November 2016 there was a warning rolled out to the public in the UK about a firm that was operating without a license in the Binary Options Industry in the UK. Recently there was a second circular sent out by the FCA (Financial Conduct Authority) which UK’s financial regulatory body that CTOptions is a binary options broker operating without meeting regulatory norms to operate in the UK, all though CTOptions is a regulated broker outside the UK it still cannot deny the fact of being a non-regulated broker in the UK. The watchdog also said in a statement to the public to be careful of their investments in the binary options and the particular broker in question operates from London. The FSCS (Financial Services Compensation Scheme) and the FCA make clear a statement to the general public in the UK that it is the risk of the investor if they would like to invest in non-regulated binary options brokers. Scam Binary Options Brokers can approach investors to convince them easily however the UK Ombudsman services clearly stated it’s up to the individual to cross check if the binary options firm is regulated.

Likewise, the BCSC (British Columbia Securities Commission) has sent out a list of Scam Binary Options Brokers that operate in Canada and the investor`s caution list is on their website. All the Binary Options Brokers who come under the Scam Binary options Brokers list are considered non-registered or non-regulated in Canada and investors are to be very cautious about their investments and government bodies will not take responsibility for any fraudulent activities. In October last year, the BCSC slapped a warning to Crown Managers and Prime Brokerz who are the two non-regulated binary options brokers operating in Canada.

Binary trading Global’s Inputs

Trading Binary Options is not a crime and it has not been approved as a gambling product till date, however, it’s a highly lucrative financial instrument which traders love because of the huge profits involved. Likewise, scam binary options brokers also know that they can easily disguise themselves as the best and rip people off their money. Honestly, one should cross check if the broker is regulated or not and then invest their money. If there are filled with doubts in your head then just fill up an inquiry form to binary trading global and our consultants will be happy to help.


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