Re: Broker Recommendation please :-) ####

14
You should use systems for normal trades with unlimited win and no time limit, not for binairies.
Binaries are more a kind of casino with intransparent prices as also the regulators think:
http://www.financemagnates.com/forex/regulation/canadian-regulators-take-stance-on-binary-options-in-canada/
The announcement noted cases where clear market manipulation was employed, such as noting how firms would arbitrarily extend the options time-value if it was already in the money at expiration, in the hope that it would subsequently turn into a loss (instead of booking the winning profit that the client had rightfully earned).


Re: Broker Recommendation please :-) ####

18
FrancoisT wrote: Wed Aug 23, 2017 6:06 pm For me - the regulation is important as it bring more insurance for the funds. I am avoiding any "exotic" regulators as Belize, Mauritius, and etc. good enough for vacation :).
Execution - in many cases depends from the type of trading preferred :), but always is good when the conflict of interest does not exist or it is really small. :)
I too would avoid brokers registered and overseen by offshore regulators.
There are some inherent risks connected to trading with such brokers - these regulators often have very low capital requirements for registering such a company (Vanuatu, for example, only requires a capital of $2000 - what kind of a bucketshop operates on such funds?!), they have no compensation schemes should something go wrong, it's all but impossible to contact them and ask for their help, and many others. It's just not worth the risk when there are much more reputable regulator. Of course, they too have their flaws, but I still find them preferable than the offshore ones.

Re: Broker Recommendation please :-) ####

19
2000 $ capital – what is that going to cover if something happen? Really insane how that could be legal :/
Anyway my Broker is regulated by CySec (which is also offshore zone). But he is part of the ICF (Investor Compensation Fund) and in unlikely events the total payable compensation to each Client is €20.000. Which gives me the stability to be sure for my funds.

Re: Broker Recommendation please :-) ####

20
LazarR wrote: Thu Sep 07, 2017 4:15 pm 2000 $ capital – what is that going to cover if something happen? Really insane how that could be legal :/
Anyway my Broker is regulated by CySec (which is also offshore zone). But he is part of the ICF (Investor Compensation Fund) and in unlikely events the total payable compensation to each Client is €20.000. Which gives me the stability to be sure for my funds.
CySEC regulation is not bad at all. Cyprus appears to be the second biggest financial hub in Europe (after London) and now when UK is leaving, may become the first one :).


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