Binary Options Brokers: how to spot the good ones?

[JurgenVD]

Hi all,

I am new to this forum so forgive me if I go against a rule or two ... ignorance ...

I seached the forum for information on binary options brokers. I was able to find a lot of info on general stock brokers but since binary optiones trading is still relatively new and since there are a lot of new brokers/websites specialising in online binary options trading, a thread on how to tell the good ones from the bad ones would definitely be an asset to this forum. Hence, this thread.

I am looking for an independent, up to date source of information that can separate the good ones from the bad ones (scammers). I know ASIC would be a good start but I haven't found a list on their site carrying the good ones.

The problem is that there are so many different brokers (websites) and all of them want your and my money. To get there, some of them spread great stories about themselves and awful stories about their competitors. How can one tell which ones are genuine ?

Also, what do you recommend, an Aussie broker or a foreign one ?

Thank you very much in advance for all UNBIASED and not made up info related to this matter
Jurgen

 

[So_Cynical]

Re: Binary Options Brokers: how to spot the good ones ?

Good question: how do you find the good ones.

Answer: there are none.

As discussed earlier https://www.aussiestockforums.com/forums/showthread.php?t=25156 these guys are bookies selling an instrument with fast time decay and odds stacked well and truly against the punter...perhaps things have changed, but i doubt it.

 

[binaryoptionsau]

Hi all,

I am new to this forum so forgive me if I go against a rule or two ... ignorance ...

I seached the forum for information on binary options brokers. I was able to find a lot of info on general stock brokers but since binary optiones trading is still relatively new and since there are a lot of new brokers/websites specialising in online binary options trading, a thread on how to tell the good ones from the bad ones would definitely be an asset to this forum. Hence, this thread.

I am looking for an independent, up to date source of information that can separate the good ones from the bad ones (scammers). I know ASIC would be a good start but I haven't found a list on their site carrying the good ones.

The problem is that there are so many different brokers (websites) and all of them want your and my money. To get there, some of them spread great stories about themselves and awful stories about their competitors. How can one tell which ones are genuine ?

Also, what do you recommend, an Aussie broker or a foreign one ?

Thank you very much in advance for all UNBIASED and not made up info related to this matter
Jurgen

Hi Jurgun

I run a site dedicated to binary options. The website offers all sorts of information with a heavy focus on trading education.

I do recommend the following brokers for Aussies (all have ASIC license)

Whichway.com, highlow.net & Enfinium