I wouldn't believe that all are scams, there are certain brokers, who are regulated one and on which you could rely on it. You just need to have a good amount of research to find a good one.
How to to realize A SCAM BINARY OPTIONS BROKER
- Thread starter phungoctcttb
- Start date
Name one, who is regulated in reputable large jurisdiction .. and not those tin pot one from Malta. Cyprus and other places ( no disrespect to people from those countries)
The reason binary options 'brokers' are viewed (rightly so) as scammers is because they are all bucket shop in a less-regulated market. That's a fact.... Like @traderjo says... name one who is correctly regulated.
You know why binary options brokers are usually also (linked to) fx-only brokers? Because also FX isn't regulated properly. FX spot is more difficult to regulate, because who actually does the regulatory stuff? EUR.USD trades... is it European or US regulators? Or is it the domicile that dictates the regulatory body? Usually more the domicile... hence why they are often located in Malta, Cyprus, Maldives, Seychelles... those regulators are composed of idiots and you push the right amount to the right people and you get away with a lot.
That's also why a lot of pure fx brokers are scammers... more difficult to regulate....
Also, it's less costly to set-up something like that in non-regulated stuff... since regulation means more fees and probably dedicated staff for regulatory issues.. and we all know that scammers don't like to pay lots of money.
If it's rotten... it attracts lots of flies and vermin...
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