The development of the individual investors’ population within the binary options market has attracted a large number of more or less honest brokers. Some have even developed partnerships based on fraud and have benefited from this new poorly regulated market to scam certain traders. Therefore, the SEC (U.S. Securities and Exchange Commission), the NFA, the CFTC and the FSA have studied this new scourge in order to significantly reduce the number of binary options scams in the financial markets.
The result has been a blacklist of the unauthorized websites in binary options trading, published and updated daily by the SEC.
The editing staff of bonusbinaryoptions.net invites you to also visit the list of regulated binary option brokers.
It is necessary to consult the blacklist as your first steps on the binary options market, i.e., when choosing your broker. In fact, the choice is great in binary options brokers. The capital criterion in the choice of one’s broker is the regulation of the broker. Indeed, the SEC has published this list to warn traders, especially beginners, against false advertising practices and promises of profit that are disconnected from reality. Thus, if you choose a regulated broker, or at least one who is not on the blacklist of binary options brokers, you save yourself a proven risk of fraud on your invested capital. In fact, brokers in the blacklist of the SEC are brokers “for whom no authorized provider of investment services could clearly be identified”. One result is that these brokers do not meet safety regulations imposed by the NFA and CFTC; for example, the requirement necessary for the broker to establish a segregated account that is dedicated to hold client funds and to guarantee them secure withdrawals.
Investment from these blacklisted brokers does not mean that you will not achieve gains, or that you will be unable to withdraw your funds, but in the event of a dispute, you shall have no recourse against such online broker.
The blacklisted brokers who are currently still offering products in the United States do so illegally and face criminal sanctions for it.
If you have any doubt, you can check the following:
Check here if your broker is authorized in the USA : Black listed brokers in USA by SEC
Check here if your broker is authorized in England : Brokers authorized in UK by FCA (new FSA)
Check here if your broker is authorized in Australia : Brokers authorized in Australia by ASIC
To choose a reliable broker, regulation is one of the main criteria, but it is not the only one. Faced with the large number of brokers available on the website and due to the growing success of digital options trading, it is very difficult for an uninformed speculator to quickly identify brokers who are deemed reliable and serious. But thanks to the Internet and the rapid exchange of online data, information gathering has become very easy, even for novice traders. It is no longer necessary to search broker after broker since specialized websites such as ours allow you to centralize everything. We leave it up to you to check out our full comparison of binary options brokers. It assembles all the indispensable criteria for any good broker. It allows you to find in a glance the advantages and disadvantages of each online broker and to deduct those who are most reassuring. It is also easier to rely on the brokers’ reviews listed on ours website.
Beware that a binary option broker on the SEC blacklist does not mean that the dealer in question is a scam. The SEC only serves to caution users against the fact that the broker in question does not currently have regulations in the United States. Most brokers on this list have already submitted their applications for regulation and are currently waiting to get their license.
For a complete list of regulated brokers, we invite you to consult our dedicated page of regulated and licensed binary option brokers.