Binary Options Trading Companies, Brokers, And Cautions

If you are starting your research on binary options

, good for you. Many have started to trade this popular and growing sector. You may like the simplicity of binary options trading. There are regulated and non-regulated versions of these options. The non-regulated type seem to be the most popular.

The regulated ones are controlled mostly by NADEX (the North American Derivatives Exchange). NADEX has been around for a number of years, the non-regulated binary options companies have sprung up in just the last few years. While these non-regulated versions are extremely popular because of their simplicity, you do have to be cautious. These non-regulated options are what we will focus on in this article.

Most of the non-regulated companies are ran by firms outside of the US. That can be a problem if you ever have any trouble with them.

A very popular company is EZ Trader. They are one of the first few companies to open their doors to traders. I've had an account with them since September of 2009. While I have had issues with them, most were small matters. However, some of the folks I have referred to them have had some unsettling issues with EZ Trader. One man had a $1,000 trade that he had won reversed - After it had shown up as a winner inside of his account. In other words, they turned a trade that had expired as a winner into a loser as much as ten minutes after the trade was over!

Another instance with EZ Trader was when a trader lost his trade by just a few tics. After we compared notes, I had purchased the same option. My expiration price was different than his - on the same option! After some emailing back and forth and some phone calls, we did get them to reverse the trade and give him his earnings.

After this and a few other episodes with EZ, we started trading with other brokers. Now, before we will recommend them, we do more research on the company and have safety features in place to deal with any issues that might come up.

I hope this information does not scare you away from binary options trading. It can be a great way to make online income. You just have to beware going in of the type of things you might run into. We have had issues with other brokers too. Sometimes they correct matters quickly and at other times they drag their feet or ignore you completely. They assume that since you are in another country that you will just give up or disappear.

One thing we have learned is that there is safety in numbers. Now when our group approaches a binary options broker, we let them know how many potential traders we could bring to the table. They don't want to lose all of our business, so they know they had better treat us all honestly.

In your search for an honest, fair, and reputable broker, don't give up until you find one that treats you right. Continue to work on your skill as a trader, and you could have a great online income stream for years to come with binary options trading!

by: Doug West

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