Many binary brokers do not have a license from an EU financial regulator. There are a few brokers that have received a license and we will show you how to verify the license. Simply put, the best binary options broker to use is one that holds a valid license and is regulated in your country.
It is safe to say that your broker is probably not licensed and not regulated in the European Union or anywhere for that matter.
The CySEC Cyprus license is a 5 digit number, with a forward slash in the middle. All licensed brokers will proudly display their license number on their website like you will see at http: HighLow is an Australian broker licensed by ASIC.
They use the Markets Pulse trading software, and you can start with a free Demo Account, see here. ETX Capital is owned by Monecor which is licensed by the FCA United Kingdom , license number is The are one of the only brokers with real offices in London, see here.
When trading with a CySEC licensed broker you can take your complaints to the Cyprus Financial Ombudsman, see here.
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If you are using an FCA licensed broker, then you can utilize the Financial Ombudsman, see here. However, if you are dealing with an unlicensed broker, then there is no place for you to go when you have a problem.
Every month quite a few brokers close down for a variety of reasons. When the broker is licensed, they must file with their regulator and appropriately notify their clients about their closure.
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Funds are returns and traders find a new broker. They will give you every reason to deposit more money, but never actually return your money.
Binary option - Wikipedia
It is very important for traders to always verify that the binary brokers license is still active. Traders can visit CySEC at: The regulator of financial institutions and binary option brokers is usually the European Union member country Cyprus.
Their securities and exchange commission is called CySEC. The CySEC license allows binary brokers to accept traders from countries that are members of the EU and countries that recognize CySEC as a legitimate regulator of binary option brokers.
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Where can traders submit a complaint about a broker? Does it really make a difference if the broker is licensed? Below are binary option brokers that are licensed. Markets Pulse Trading Platform: Spot Option Trading Platform: Trending News The Best Brokers For You Today Automated Trading Software Don't Use an Unlicensed Broker Complaints About Broker Scams.
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