Legit binary options trading sites best binary options trading broker
People like to earn easy money sitting at home without putting much effort into it and moreover, who would want to sit in front of their computer screen and want to trade for hours? The answer to this problem is the automated binary options trading software with which you can make the computer do your trade.
This software are also known as robots or auto traders and they can lessen all the problems that you could face when you trade manually. This also allows common people like you and me to trade without any hardcore knowledge of advanced financial and economic strategies and make money. These days the number of automated binary options trading software have increased by leaps and bounds and the authenticity of this software are quite questionable.
This is because most auto traders are not licensed and this opens up the opportunity for fraudsters to develop their own fake software and sell it to common people and trap them and steal their money. But now it has become quite easy for them to make fraudulent sites, and as people were not able to differentiate between the fraudulent and legitimate sites this led them to suffer heavy losses. So today, in this article I will tell you how you can identify a fraudulent or Scam system.
But before we go into that let me tell you what Binary Options Trading is. Binary Options Trading is a financial trading in which the payoff is a fixed amount or nothing at all. Generally, traders trade through regulated platforms that provide with licensed brokers but day traders and amateur traders can also trade using the automated trading robots or software. But before trading through these software one must know what kind of product they are dealing with so as to make sure they are tricked.
So, let me help you to learn how you can identify a Scam software among the variety of trading systems available online.
Here I have listed the various ways with which you can identify a Scam System. Option Robot is one such genuine sites which have regulated brokers and they clearly give details about the broker sites with which they will link you up as soon as you make an account. When comparing Gross Domestic Output around the planet, Qatar will appear as one of the quickest improving economies. In fact, the GDP has been near the twenty percent mark for the last few years.
This has led to a dramatic increase in interest in the country and its economic possibilities. Much of this improvement in the economy of Qatar is related to the oil and petroleum industry and its demand by other economies as well as the increasingly limited supply.
The fact that Qatar is also very close to the largest natural gas resources in the world, certainly help this economic growth. Liquefied natural gas is becoming a popular alternative to other petroleum based products.
This demand is likely to make Qatar the biggest exporter of this commodity in the world within the next few years. Foreign investors are seeing the potential of this politically and economically stable country and looking for opportunities to invest. Qatar binary options trading is just one way of allowing foreign investors to access the market. The stronger the economy of any country the better the currency is seen across the globe.
This is certainly true for the Riyal; the native currency of Qatar. The government is now allowing more foreign investors in. Coupling this fact with the low inflation level and there is a huge amount of interest. Qatar binary options are just one of many new opportunities. Of course, every new marketplace has its own set of challenges. Pape observed that binary options are poor from a gambling standpoint as well because of the excessive "house edge".
Let's say you make 1, "trades" and win of them. In other words, you must win Commodity Futures Trading Commission warns that "some binary options Internet-based trading platforms may overstate the average return on investment by advertising a higher average return on investment than a customer should expect given the payout structure.
Many binary option "brokers" have been exposed as fraudulent operations. Manipulation of price data to cause customers to lose is common. Withdrawals are regularly stalled or refused by such operations; if a client has good reason to expect a payment, the operator will simply stop taking their phone calls. In Israel, where a high concentration of such firms can be found, binary options trading was prohibited for Israeli customers in March on the grounds that it is a form of gambling and not a legitimate investment technique.
On June 18, , a ban on marketing binary options to customers outside of Israel was passed by the cabinet. In August , Belgium's Financial Services and Markets Authority banned binary options schemes, based on concerns about widespread fraud. No firms are registered in Canada to offer or sell binary options, so no binary options trading is currently allowed.
Provincial regulators have proposed a complete ban on all binary options trading include a ban on online advertising for binary options trading sites. The effect is that binary options platforms operating in Cyprus, where many of the platforms are now based, would have to be CySEC regulated within six months of the date of the announcement. In , CySEC prevailed over the disreputable binary options brokers and communicated intensively with traders in order to prevent the risks of using unregulated financial services.
CySEC also issued a warning against binary option broker PlanetOption at the end of the year and another warning against binary option broker LBinary on January 10, , pointing out that it was not regulated by the Commission and the Commission had not received any notification by any of its counterparts in other European countries to the effect of this firm being a regulated provider.
OptionBravo and ChargeXP were also financially penalized. The AMF stated that it would ban the advertising of certain highly speculative and risky financial contracts to private individuals by electronic means. The French regulator is determined to cooperate with the legal authorities to have illegal websites blocked. This ban was seen by industry watchers as having an impact on sponsored sports such as European football clubs. In March binary options trading within Israel was banned by the Israel Securities Authority , on the grounds that such trading is essentially gambling and not a form of investment management.
The ban was extended to overseas clients as well in October In The Times of Israel ran several articles on binary options fraud. Israel's vast, amoral binary options scam exposed" revealed that the industry is a scam. The companies were also banned permanently from operating in the United States or selling to U. The CEO and six other employees were charged with fraud, providing unlicensed investment advice, and obstruction of justice.
On May 15, , Eliran Saada, the owner of Express Target Marketing , which has operated the binary options companies InsideOption and SecuredOptions, was arrested on suspicion of fraud, false accounting, forgery, extortion , and blackmail.
In August Israeli police superintendent Rafi Biton said that the binary trading industry had "turned into a monster". He told the Israeli Knesset that criminal investigations had begun. They arrested her for wire fraud and conspiracy to commit wire fraud. This required providers to obtain a category 3 Investment Services license and conform to MiFID's minimum capital requirements ; firms could previously operate from the jurisdiction with a valid Lottery and Gaming Authority license.
In April , New Zealand 's Financial Markets Authority FMA announced that all brokers that offer short-term investment instruments that settle within three days are required to obtain a license from the agency. The FCA in did propose bringing binary options under its jurisdiction and restricting them.
The Isle of Man , a self-governing Crown dependency for which the UK is responsible, has issued licenses to companies offering binary options as "games of skill" licensed and regulated under fixed odds betting by the Isle of Man Gambling Supervision Commission GSC.
On October 19, , London police [ disambiguation needed ] raided 20 binary options firms in London. Fraud within the market is rife, with many binary options providers using the names of famous and respectable people without their knowledge. In the United States, the Securities and Exchange Commission approved exchange-traded binary options in