How Do Scam Brokers Operate and How to Identify Them
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How Do Scam Brokers Operate and How to Identify Them
July 20, 2014The binary options industry is changing rapidly and becoming more regulated and professional. However, there are still some brokers who manage to slip through the cracks and operate a scam business designed to be short-term profit maker based on defrauding traders and stealing their money. How To Identify These Brokers: Seek Regulated Brokers: An officially accredited broker would risk losing their license. An official CySec license for example costs around 200,000 Euros, and also includes various ongoing fees. Too many complaints will get the broker sanctioned, and ultimately they will have their license revoked without the ability to get their …
Posted in Scam Brokers | Tagged binary options brokers, binary options regulation, binary options scam, binary options scam brokers, binary options withdraw, cherry trade, optimarkets, redwood options, trade binary options, xpmarkets |