Top Binary Option Brokers
Fake Broker Alerts is a website dedicated to new traders and investors, looking to find accurate information about the best binary options brokers.
You will learn how to distinguish between a fake binary options broker, and an established licensed broker. Deciding which broker to use is not an easy task for a new trader. Currently available online are more than 200 binary options brokers, and many of them are scams.
Binary option brokers are divided into two categories; Licensed and Unlicensed, Regulated and Not Regulated. The best place to trading binary options for someone living in London, United Kingdom is much different than a suitable broker for an investor in Miami or Sydney, Australia. There are also many factors a trader must consider before choosing a broker.
Who Are The Best Binary Options Brokers?
The best binary options broker are always regulated by the financial regulator in the country they are based. Most of the top binary option brokers are based in Cyprus, and they are regulated the Cyprus Securities and Exchange Commission, also known as CySEC. CySEC was the first financial regulator in the European Union to regulate binary option brokers. The European law called MiFID, allows a financial firm regulated in one country, to do business and provide services in other European Union member countries.
Binary Option Exchanges in the Unites States of America are licensed and regulated by the CFTC, see here. Australia licensed binary option brokers via their regulator called ASIC. There are a few brokers already licensed by ASIC, and many who want to get licensed also, see here.
Although there are over 200 brokers worldwide, less than 20 brokers are licensed and regulated by CySEC. Recently, unlicensed brokers have made mention to CySEC regulation of binary options on their websites, however they are not licensed brokers.
It is incumbent upon investors to verify that the broker they choose is actually a licensed broker, and that the brokers license in still valid.
View the Top Regulated Binary Option Brokers
How to Compare Binary Option Brokers?
Here are five items that every trader should review when comparing a binary option broker.
- Are They a Licensed or Unlicensed Broker?
- Which Trading Platform Are They Using?
- What is the Minimum Deposit to Open an Account?
- What are the Term of Their Bonus Offers?
- Do They Have Any Unique Assets or Service?
When a trader has the answer to those five questions, it is easy to make an educated decision about which broker is the best.