Binary options brokers are usually operating in a shady regulation environment and often walk the thin line of lawlessness. They are advertised as a fast way of earning easy money, without having any previous investment and trading experience – just by clicking with the mouse. But first you have to send the brokers your hard-earned money. The sad tales of people losing their life’s savings abound. The national regulators issue warnings and are making efforts to curb and regulate the binary options brokers’ activities, but often to no avail. Revocation of licenses is one of the main tools of regulators to bring to heel the binary options brokers, though the lack of license has never stopped the companies from doing business and profiteering. – The warnings about unregulated binary options brokers pile up on a weekly basis and usually the offenders are the same. They change names, locations, or sometimes don’t even bother to pretend they are a different company. The gullible and greedy abound and as long as they exist, someone will find a way to take their money. Another, probably more effective tool in disciplining the binary options brokers, are the fines. The major regulators are not shy of slapping big fines on the offenders as a punishment for violating the law. The sums vary, generally depending on the seriousness of the violations, but also on who’s imposing them. It seems that the US regulators are merciless and seek sums ranging in the millions, while the other regulators are more humble. https://smnweekly.com/2016/10/18/largest-fines-imposed-on-binary-options-brokers-in-2016/
Trade in a regulated brokerage account on a regulated options exchange. Buy a call and sell a higher call to simulate a binary option (vertical).
http://www.timesofisrael.com/the-wolves-of-tel-aviv-israels-vast-amoral-binary-options-scam-exposed/ The wolves of Tel Aviv: Israel’s vast, amoral binary options scam exposed An industry turning over hundreds of millions of dollars, employing thousands of people, is cynically cheating naive would-be investors worldwide via a range of corrupt practices. It is doing terrible harm to its victims, and it risks doing the same to Israel’s reputation
The International Financial Services Commission (IFSC) of Belize issued a warning notice on Monday regargind its decision to delicense BDB Services (Belize) Ltd., the local branch of over-the-counter (OTC) binary options broker Banc De Binary. The broker is no longer licensed in Belize over non-compliance with the local regulation and they were the recipient of the largest fine given to a binary options broker this year - $11 million.
For the lax Belizean authorities to fine and de-license these jokers they must have been really egregious. FAMILY OFFICE NIGHTMARE: QUEST TO RECOVER MILLIONS 'SWINDLED' IN ESTATE PLANNING SCHEME
I was thinking the same thing. Just how terrible must they have been for the Belizean authorities out of all regulators out there to delicense them?