Why Binary Forex Options are better than Spot Forex

Hey Guys. I am seriously confused, new to Binary Options and am doing the normal getting to know the potential brokers but there are so many...my short list is 24Option (based on reviews I have read but this could be because of affiliations?!) BetonMarkets & MarketsWorld (as they seem to be regulated in the British Isles - and not in a dodgy place and both seem to have a good name) and BancdeBinary (which maybe is a nono after reading the post above).

My remit is making sure I am not going to get robbed of my deposit (obviously) so they need to be regulated and basically do a good solid job.

I have opened a free demo on MarketsWorld which is cool but dont want to go for them just based on this, would rather get help from any one that has experience. I have asked other sites but have been sold to on there (they all seem to be affiliated). Thanks!

24Option offers a weak return on a daily close of 78% for the Eur/Usd. Bet365 for instance pays 83% on a limited amount.

From what I've seen so far all binary brokers are shady. There's no ecn model for binary options so they have to take on all the counterparty risk (aka market maker, u win they lose). The best you can hope for is that broker has a big enough client base that so that the profits from the losers can offset any losses from profitable traders. The biggest concern for me is deposit security and that they don't go belly up in 12 months or something.

The best out of a crap lot seems to be igmarkets aka nandex. I traded Australian shares with them years ago, and I remember they still do some iffy stuff like giving me below market fills (if I set an order to buy before opening and the market gapped down, they'll fill me at the price I set instead of the actual opening price) and another time when the share was releasing a dividend, they incorrectly calculated the amount (to their favor) and it wasn't until I rang them up and argue with them for days that they actually set it straight. However they did let me withdraw profits.

24options I noticed is on the AMF warning list (they're the stock market regulators in france); www.amf-france.org/documents/general/10630_1.pdf‎. As well as being apart of the Mika Holdings group (which also has a shady reputation). Other brokers in Mika (or perhaps fronts?) include optionfair, optionet, 4xp and a few others.

MarketsWorld is technically regulated in the British Isles but its on the Isle of Man not the UK. Not the same thing. Keeping in mind just been "regulated" won't stop them from employing dirty tricks. Eg Enfinium as previous is regulated in Australia, so was MF global in the US. The only thing that means is that you can take them to court as a recourse, but I highly doubt anyone's account here is large enough to make it worth the cost.

BTW I looked up marketsworld's address before on google maps, and it kind of looks like a virtual office company rather than a finance company imo. There is some posts about people withdrawing from it successfully, keeping in mind they might be shrills as well. Deposit at your own risk.

A good morning trading binaries:

hello to all i glad to see this forum i am here in factory since 2011 and this is my first time to see this forum

i am allso binary trader to and this is my job too

i am only trade on gbp/usd and nothing else before my expiriation on binary option i was traded on spot forex

and was lost alot of pounds....

thanks god i had recognized this binary option and my trades and my sleeping are very wale from then

so i will visit here somewhile.

P.S
BEFORE 1 AND HALF HOUR I TOOK ASELL POSITION ON GBP/USD
ON 1.55358 TILL THE END OF US SESSION..ACCORDING TO MY STRATEGY
so wish me luck...
TY

till now look like good for me 60 pip down from my price rate.

I'm sure its already been said in this thread but with more and more U.S. brokers closing down everyday. Which brokers that accept U.S. clients offer binary forex options?

www.nadex.com

thanks 30 pips

hey all, waiting to buy gbp/usd my strategy signal to me to buy but need to wait that it will down abit at least to

1.5482 london opening and after 15 min candle will close at this area i will buy and expiration of position will be 3 pm NY time zone.

let see...

look like no entering today cause price didnt fell to london opening after its go up...

so if in 30 min from now it will fall 30 pip i will enter and if no so tomorrow we have another day..

let see..

Eitan, do you trade with the off-shore brokers or with Nadex?

i trade directly from my bank acc... its kind of futering contract

its the best deal

no worrries at all

ok hello to all binary traders

yesterday no entering to any position but today new day..

before about 15 min my strategy signal to me that we need to go on buy position on gbp/usd

cause its break my up level of my marking and then close 15 min candle above it but!!

and the big but!!need to wait till it will go down to the 1.55435 level (london opening)

and then after it will close 15 min candle at this area i will enter call/buy position

and the expiration of position will be at 3 pm NY time zone.

so let see..

Can you provide a website for further information on what you speak?

its my bank like bank of america u know i have an application that manage my private account in my bank

Regulated Binary Option Brokers are different than the Casinos.

Read the article: http://www.binaryex.com/regulated-binary-options/

Right now there are only two Regulated Binary Options Brokers serving European / UK traders.

The problem is, both those brokers do not accept US based customers, so the Binary industry hasnt really made any headway in the USA. The ones that accept American traders and not regulated, and that is how binary options get known to be scams.

Actually after reading up on ig markets on forexpeacearmy (http://www.forexpeacearmy.com/public....igmarkets.com), I take back everything good I said about them.

They seem to have gotten alot worse than when I was using them. Intentional off market quotes and fake spikes to stop people out, along with apparent pda agreements to literally take money from clients. Wow. That's 100x worse than shitty fills and short changing practices back in 2005.

Bit of an update I have been using both MarketsWorld & BetonMarkets these past few months - both regulated but in the British Isles under GSC (even if its a gambling regulator they look after pokerstars so must have teeth) which I ended preferring to the Cyprus ones as they seem more legit , so they can be added as being regulated in the industry, as well binaryex (or should I call you binaryaffiliate ). So far so good, MarketsWorld is pretty easy to use but lacks the assets to trade with, BetonMarkets is almost too complicated to use but between the two I get what I need...

Several trades from this morning: