WARNING: Binary Option Brokers Are Scams, Use Only Nadex

[TonyStark]

So after a quick experience trying to use brokers like Finpari.com, Porterfinancecapital.com, CTOptions.com, etc., I've learned that most of these brokers are:

1. Fraudulent.
2. Based in Europe.
3. Not regulated by the US or any other entity.

I only invested $100 to open an account, and the process is long and confusing. They ask for your passport to validate your identity, and then to withdraw money they ask for bank account information. Very sketchy stuff.

Anyways, don't use any brokers other than Nadex! It is the only FTC regulated binary broker in the US.

 

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[bringitnow28329]

Correction... Binary options are a scam. Learn to trade a different asset class. The learning curve is steep and may take a few years to become profitable but you have a a decent chance. Binary options are 100% gambling.

 

[VDon]

Correction... Binary options are a scam. Learn to trade a different asset class. The learning curve is steep and may take a few years to become profitable but you have a a decent chance. Binary options are 100% gambling.

Rather than gambling on binary options, you could as well play Black Jack or Roulette - the entertainment factor would be much better for the latter