Newly published list of non-recommended brokers

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There is a new section on our site xbinop.com, which is called Non-recommended brokers. It is basically a list of brokers that we do not recommend to trade with. Of course, these companies will not steal your money immediately at the moment you open your account. But they are companies that we personally don’t trust with our money and you shouldn’t either.

We are going to be expanding this list in the future because, unfortunately, the number of binary options scams is increasing very quickly. It is important to know that binary options itself are not a fraud. Onto the list, we are going to add all the fraudulent trading robots or signals and not just brokers. We hope to help to save money at least of some of our readers.

Lately, the regulatory authority CySEC is changing the conditions for regulated brokers so the conditions get more strict each month. Therefore I think that many brokers will end (just like optiontrade) or will change to fraudulent brokers as the case of TopOption. Below you can find an example of one of the non-recommended brokers.

Broker Status Withdrawals problem Scam phone calls Still in business More information
SCAM Yes Yes No NOT RECOMMENDED
More information

The case of TopOption

The first reason, why this broker has been deleted from the list of recommended binary brokers is their very unpleasant customer support. Well, to be fair, the customer support is very nice, but only as long as you play by their rules. That means that if you don’t want to deposit money into your trading account, they start to be pretty rude.

I opened a new trading account on their platform and I wanted to make a test deposit, but I couldn’t because my card was getting declined. After a while, I received a call from them. It was very pleasant talking to a nice lady, but she couldn’t help me with the problem so we gave it up with the conclusion that we are going to try it tomorrow.

Since then, she called me up like 5 times and she’d probably keep calling till today if I hadn’t blocked her number on my phone. During the conversations, she was telling me things like: ‘If you don’t make the deposit, I am going to cancel your account.’ She also said I was a terrible person, for stealing her time and money, etc.

Other brokers on the list

Besides TopOption, there are also two very famous brokers on the list. Maybe you already know them for their huge scams. We are talking about the very well-known Eztrader and Zoomtrader.

However, you are not going to see just fraudulent brokers on the list. You will be able to find there brokers who aren’t necessarily scams, only brokers that we don’t recommend for some reason. Also, we will try to put some not working binary robots there.

Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author

How to find list of Applications Published on individual broker/VDA servers?

I’m managing a XenApp LTSR 7.15 CU1 Site Enterprise Edition. I need to run a report on my Site to find the list of applications published on individual VDA servers. Similar to what “Qfarm / App” used to do in previous versions.

Get-BrokerApplication only gives the AssociatedDesktopGroup(uid) and AssociatedApplicationGroup(uid) which is not what I’m looking for. I found Get-BrokerMachine has one property “PublishedApplications” which gives a truncated output, so I gave it a try using -expandproperty, however it still doesn’t give the full “Application Name”.

I’ve tried everything in my capacity to get the report with no success and hence seeking your help!

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

Forex Brokers Lab

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ASIC REGULATED BROKERS

BROKERS with MINIMUM DEPOSIT

BEST FOREX BONUSES

I am testing all brokers to help you find the best broker!

Hello everybody. I am Valentin, the author of this personal blog. I compare and review forex brokers here. I am in the trading industry since 2009 and still learning. I have traded in the most popular forex brokers, with the most unknown ones, in any regulation and many different account types so I believe now I have the enough information to compare brokers, regulations and so on… ��

Many of my friends are interested in forex trading. They are constantly consulting me to get information about brokers.

  • Hey Valentin, which broker is more reliable?
  • Which type of account is better for me?
  • Which is advantageous as a withdrawal method?

I often answer these kinds of questions. Therefore, I decided to open this forex brokers review blog with the encouragement of my friends.

There was a confusion and lack of information about forex brokers on the internet, all filled by advertisements, broker’s own websites, partners etc etc. So I started this website to pass on my experiences to you and to make comparisons between forex brokers without any financial expectation. This website is totally free for all visitors and I would like to have as much as interaction as I can achieve so that we build more information together and help new comers to compare brokers and find most advantageous broker for them.

It is a really tough process to write reviews about Forex brokers and to do so in a comprehensive and detailed way. I am striving to provide fairly current and accurate information. Because account types, spreads, payment methods offered by a forex broker can change and update frequently. So you can warn me if you see a missing or change in my forex brokers reviews. I am correcting as soon as possible.

If there is a broker you want to read the review about, you can specify it via the “ask for review” button in the home page. Find the box you see on the main page and then send your request. I will review it as soon as possible. I would recommend you to search on the site before asking review. Because I may have already written review about the forex broker in question.

An Overview of Forex Brokerage Industry

Thanks to its many advantages, the forex market has quickly become popular among investors. For many years, the forex market has continued to grow. Today it is considered the world’s largest and most liquid investment market.

In addition, forex brokers are also growing internationally, thanks to online trading and technological advantages. An Asian or African investor can open an account and trade online at reliable brokers located in Europe. These brokers can open offices in that countries after seeing market volume.

After these developments, there are thousands of brokers today. Because of the strong competition on the market, the trading conditions offered by brokers are also very different. Therefore, the following questions have emerged. Which is the most advantageous one? Which brokers are reliable? Which trading conditions are favored by investors?

How I Review Forex Brokers?

I am as rigorous and unbiased as possible when writing reviews about Forex brokers. When you read the reviews, you will clearly see what criteria I pay attention to and the reasons for my thoughts on the broker. I have listed below the criteria and the reasons for their importance.

Regulation

One of the most important issues in the Forex Brokerage industry is regulation. Because it is usually the regulators that solve the conflicts between brokers and investors. Investors can experience many problems with forex brokers. Some of the chronic problems such as spread expansion and slippage come first. In these cases investors may complain to the regulator. Regulators try to solve the problem by examining the situation.

In addition, some regulators are very reputable. Because it has very strict rules and a broker must obtain some tough conditions to obtain a license from these reputable regulators.

I would definitely recommend that you open an account with licensed and regulated brokers. Thus, the problems you face are much less. These problems can be solved more easily. Besides, your money will be safer.

However, regulators also have advantages and disadvantages. ReputableRegulators like FCA, ASIC and CySEC provide very reliable conditions for investors. Besides this, some brokers may prefer offshore regulators. There are criteria to be considered in this regard. In my review, under the heading of “Regulation”, I examine the broker’s performance in detail.

Account Types

Brokers offer many different account types. In general, the standard account type is available to almost all brokers. In addition, we can see the types of accounts that offer trading with nano lots as mini or micro account type. There is also an account type option called ECN account type which offers very advantageous spreads. There is also a swap-free account type called Islamic account for Muslim investors who do not want to earn or pay interest due to religious sensitivities. And there are many account type options similar to these.

The main differences are as above. However; spreads, minimum deposit amount, maximum leverage, minimum trade size vary from broker to broker. The ECN account type, which is advantageous for a broker, may not be advantageous for another broker.

That’s why I write about the account types offered by each broker and its features like spreads, leverage and the advantages and disadvantages of these features in the heading “Account Types”.

Payment Methods

One of the most important criteria when choosing a good broker is the deposit and withdrawal. To investigate this issue, I would first recommend that you check the broker’s payment methods page. If the broker you work with has customers from different parts of the world, it should offer a large number of payment methods.

In general, the fastest way to withdraw and deposit is credit/debit card. Within minutes, your money will be in your account.

E-wallet systems like Paypal and Neteller are also becoming increasingly common. Many of the brokers on my list offer popular e-wallet systems as a method of depositing and withdrawing money.

Some brokers offer BitCoin as a deposit and withdrawal method.

Another point to note in this regard is fees. Some brokers may charge higher fees and commissions, especially when you want to withdraw money.

Also, the withdrawal problem may have become a chronic problem in some brokers. To understand this, you should look at the user’s comments and withdrawal problems on the internet.

If my English, or website design skills are a little bit amateur for you, I d like to say sorry in advance.

I hope you like my forex broker reviews and please feel free to add comments on every broker you would like to add.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

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