Binary Option Auto Trading Review: Combination Of Scammers
This software is not just another auto trading software, but a perfect tool in gaining higher payouts thanks to amazing customization possibilities. With this software, every trader gets the opportunity to personalize the trades executed thanks to a useful set of tools and features. Binary Options Robot really puts the trader in the first place, and evidence for this can be found in the fact that it is completely free of charge.
One of the things that may be of concern using an offshore broker is what happens if something goes wrong. What if you have a question or need help with an issue? Look at the customer support options that they offer. Good brokers have customer support advisors that will be able to help you via live chat, telephone or email.
In many countries, binary trading is still not regulated, and there is some confusion as to whether this type of trading is legal or not. There is a difference, however between illegal and unregulated and most brokers will accept traders from pretty much everywhere as there are no rules that prevent them from doing so.
The Securities and Exchange Commission today warned investors about the potential risks of investing in binary options and has charged a Cyprus-based company with selling them illegally to U.S. investors.
With the lack of licensed SEBI brokers, one can safely assume that there are no locally based companies, at least none that you would want to risk with investing your money. You are much better off looking through our list of recommended licensed brokers to ensure that you are going to be trading via a trusted and reputable company.
Binary options robots are automatic traders. You first set the parameters of the trading strategy—how much each trade should be, what assets you what to trade on, when you should cash out, etc. The robot then gets to work, implementing the strategy and automatically making trades.
Olymp Trade is a massive player in the fixed time trading marketplace, and their seamless platform and competitive rates of return are excellent. Their minimum $10 deposit and $1 trades means that the service is accessible to anyone who wants to trade and their education service supports their commitment to new traders as one of the best brokers.
Since the binary options trader wants a big move in either direction, an increase in implied volatility would have a very positive impact on this strategy. Even if the stock price holds steady, a quick rise in volatility would push up the value of both options and might allow the trader to close out the position for a profit well before expiration. A decreased volatility will not help the trader’s position.
The SEC and the Commodity Futures Trading Commission (CFTC) today issued a joint Investor Alert to warn investors about fraudulent promotional schemes involving binary options and binary options trading platforms. Much of the binary options market operates through Internet-based trading platforms that are not necessarily complying with applicable U.S. regulatory requirements and may be engaging in illegal activity.
Unfortunately, due to the lack of recognition and regulation of binary options in India, by the government, it is hard for Indian companies to enter the market place, so many top brokers tend to be European based, for example, IQ Option or Olymp Trade. So how do you choose the best broker for your trading needs?
"Investors should be aware of the potential for fraud in this area as well as of the reality that they can lose their entire investment," said Lori Schock, Director of the SEC's Office of Investor Education and Advocacy. "We strongly encourage investors to check the background of brokers and advisers and trading platforms before making a decision to invest. If investors can't obtain simple background information such as whether the financial professional is registered with the SEC or FINRA, then they should be extremely wary."
Having had much focus on the profits from binary trading, India last year introduced a government crackdown on black money. Offshore bank accounts were the target of this new action, and there was a 90-day compliance window from 1st July to 30th September 2015 for people to declare their earnings and pay the relevant tax due. Much the same as Russia, the Indian government is keen to stop this outflow of money from the country.
We have tested all of them individually for measuring the signal performance. Most of the signals are not even semi-accurate for traders. Even more, we asked for the name of experienced traders. They deny to give us the name. Moreover, they don’t give us any insight into how each of these traders is approaching the markets. They have professional in-house scammers who deliver the signals along with some computer algorithms. So, you will never win your trade if you realy on them.
Many binary options brokers are very keen to obtain CySEC licensing. CySEC is the Cyprus Securities and Exchange Commission and is the best license to have that is recognised worldwide. The majority of reputable brokers become licensed and registered in Europe via this method. The best trading platform in india, IQ Option or Olymp Trade, both have this form of investment licence.