Binary options broker?

I have been trading BO's for about 9 weeks now, every free minute I had went into it.

Now that I finally worked out a profitable strategy and was looking for a good broker. I find that there seems to be no good ones around.

I am considering VantageFX in Australia (ASIC licensed) or AG Markets but AG only has longer-term options like "price of pair x/y at 9AM,1PM and touches". I would really like something 60/90 seconds.

It seems that all cyprus brokers (regulated or not) are a no-go. 24option story (see http://www.forexpeacearmy.com/public...w.24option.com) seems to make that one a definite no. I don't want to build up capital and then not being able to withdraw it.

Questions:
1. Do you have any very solid brokers you would recommend?
2. If you use AG markets (or nadex in the US, which is not available to me an Aussie) - how do you translate the short term options into using their 5AM/9AM/1PM etc. options? Also, one has to sit at the computer to watch when the price moves... Seems painful compared with 1/2 minute options.

Any help you have would be appreciated!

Cedar finance are decent.
Stock pair is good.

However, i can't stress enough how much of a scam binary options are.
I've been doing binarys for quite some time now and they are too risky.
The odds are always always in favour of the broker.

You must win at least 60% of the time to make any decent money from them.

I recommend IG binaries or high leverage Forex.

Good luck.

Ezikeeill, thanks!

Yes, there are so many scam reports around the place it just ain't funny.

Typo also in my original post I see; 'AG Markets' should read 'IG Markets'.

Winning 70-85% is possible I think, but it would be much easier if there were no such things like "execution delay" (why does an execution need to take 3-5 seconds?), "price fixing", "spread adjustment" and so on.

Have you withdrawn from cedar/stock pair before?

re: High leverage forex - but what to do about risk? i.e. you have a huge risk for a small profit - the exact opposite from BO's - or have I got that wrong?

re: IG binaries - huge commission ($40-80 at best), and have to go very long-term - or am I missing something in their list?

Hrm http://www.bonusbinaryoptions.net/ce...sc-and-the-amf

Why go with cedar finance when they have a bad track record already...

IG binaries - huge commission ($40-80 at best), and have to go very long-term - or am I missing something in their list?[/quote]


Have a look at Sprint Markets on IG. 1,2,5,20,60 min

What do you mean with huge commission?

It's a scam. Avoid like the plague.

Dukascopy started not too long to offer binary option trading. I remember from their demo platform that the minimum duration is 60 seconds (1M). The maximum is 1H (in 1M incremental). I can't comment on their live execution.

Take a look at Marketsworld.com--They have some of what your looking for and their location is Isle of Mann. In my experience, no individual broker will satisfy all a traders requirements as far as Binaries are concerned. You need at least 2 who compliment each other as far as expiry's and trading hours are concerned

What is better, BO or Forex, i'm still hesitating to which i should invest... I'm more attracted to Forex but i want to know more about BO.
Thank you

i will second marketsworld. i know a lot of traders using the platform and seem to agree its the better of all the platforms, as for withdrawals and execution. not like most platforms with buttons here n there and all those different trading styles. nice and simple and most important quick withdrawals. but beware if you want to trade large and withdraw large ALL brokers screw you over. best to play a game with them and fly under the radar. have a few brokers and take out winnings small but often.

Another scam broker globaltrader365,had a withdraw approved in feb still waiting, also they don't reply to my emails, stay away.

do your self a favor and stop trade binary options, it's a scam

Hi Roughtrader,
Why is Binary options a scam? Should i go for Forex then?
Thank you

In your link, FPA has marked their 24option HQ in Israel? Did you mean it's from Cyprus?

I always think 24option is a good broker with its high rating on the internet. I think you can try Alpari and hotforex (optiontrade), those forex brokers are regulated so I think their binary option services are reliable as well.

I've got a bad experience with Goptions. They sort of trying to ignore my withdrawal request. The withdrawal has been pending for almost 2 weeks already. Yesterday, I got a call from their Account Manager saying that my withdrawal could only be completed in 30 days time and a 10% deduction charge will be applied when my fund is released. Will let you guys posted on the outcome after 30 day later. Their so called "SAME DAY GUARANTEE" withdrawal is a SCAM.

At this point I'm afraid to ask, but, why do people trade binaries in the first place...? Or is there something that I don't understand...

Maybe you'll get a better understanding if you check it out at Youtube about options trading. To me this is another way to generate income but choosing a good "Options Broker" is really a tough job. I'm sure they're people who're successful trading binaries.

My advice is, stay away from binary options brokers. They cannot be trusted. Even the regulated ones end up being scammers. 24Options, for example, used to have a CySEC license and now it's been flagged by regulators all over Europe, including the FCA. I avoid binary options altogether.