How Do Scam Brokers Operate and How to Identify Them

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How Do Scam Brokers Operate and How to Identify Them

Posted on by John Thiel

The binary options industry is changing rapidly and becoming more regulated and professional. However, there are still some brokers who manage to slip through the cracks and operate a scam business designed to be short-term profit maker based on defrauding traders and stealing their money. How To Identify These Brokers: Seek Regulated Brokers: An officially accredited broker would risk losing their license. An official CySec license for example costs around 200,000 Euros, and also includes various ongoing fees. Too many complaints will get the broker sanctioned, and ultimately they will have their license revoked without the ability to get their …

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Binary Options Brokers Accepting Moneybookers (Skrill)

Posted on by John Thiel

If you are a binary options trader residing out side of the United States, you should already know by now that having a Moneybookers (Skrill) Ewallet account is not a luxury, or something that’s “nice to have”. There is not one broker out there today that does not have this funding option, and if you can find one like that you can be sure that its either a regulatory or technical issue. The benefits of owning and using a Moneybookers account are obvious. First of all it is one of the most secure alternative payment methods around. Secondly, the deposits …

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Binary Options Brokers that Accept Liberty Reserve Deposits

Posted on by John Thiel

Update: The US Government has shut down Liberty Reserve due to tax evasion. This service is no longer available. If you are a USA-based binary options trader looking for an easy-to-use and reliable alternative payment option to fund your trading account, Liberty Reserve is the Ewallet solution you are looking for. The really nice thing about Liberty Reserve is the fees as you can see in the chart below. This payment vendor has been tried and tested by a variety of traders, both from forex as well as binary options and other forms of futures and derivatives and has been found …

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Binary Options Brokers Accepting Webmoney

Posted on by John Thiel

Webmoney is becoming an increasingly popular way for binary options traders to fund their real money trading account. Webmoney, also known as WMZ due to it’s ewallet prefix is predominant among Russian traders, however it has grown and is now being used all over Europe. It is unique in several ways, first you would need to download the software into your computer registry. Secondly, there are several tiers or levels of permissions and each one has different levels of limits imposed on depositing as well as receiving money. The Webmoney passport is the classic ewallet, but there is also light …

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Binary Options Brokers Accepting Prepaid Credit Cards

Posted on by John Thiel

With all the talk about lack of security and identity theft on the internet, if you are a binary options trader wanting to fund his trading account, a prepaid credit card is definitely one smart solution, especially since all the brokers will accept it. The benefits of using a prepaid credit card with an options broker like Anyoption, Traderush, or 24Option are obvious. First and foremost it allows you to control your spending, and secondly it keeps your deposits anonymous. Last but not least, you are not exposing your personal credit card number to the whole world. There is also …

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