Regulated Versus Unregulated Brokers: Is There Really a Difference?

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Monthly Archives: November 2013

Regulated Versus Unregulated Brokers: Is There Really a Difference?

Posted on by John Thiel

Recently we have been witnessing a flood of new brokers entering the binary options scene. Some of which have even opted to select strange names for themselves like Bee Options or Planet Option, all of these are eventually destined to become regulated or extinct. The reasons for this vary, but it’s becoming more difficult to accept credit card transactions, particularly from the United States. Certain brokers that have risen to the challenge and decided to get a license from CySec or MiFid, have absorbed significant costs related to obtaining the actual license, conforming to regulatory norms, and finally actually paying …

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Why Documentation and Forms Are Needed in Order to Withdraw Your Money

Posted on by John Thiel

I’m sure a lot of you have heard horror stories about binary options traders that have experienced the painful agony of trying to cash their money out and having it being declined due to missing or improperly filled out forms. Well,  you can bet your bottom dollar there will be many more traders having to go through this tedious process in the future. The Business Logic CySec-licensed, or alternatively non-licensed binary options brokers don’t charge fees or commissions as would a traditional broker, they make their money based on the amount of money deposited less money withdrawn. For the better …

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The Advantages of Using E-wallets to Fund Your Trading Account

Posted on by John Thiel

A few of my more avid binary options traders have recently asked me about the best way to fund their real money trading account. My almost Pavlovian response was “use your E-wallet, and if that’s not possible get a prepaid credit card with a Visa logo on it and get started with out any hassles. Advantages The advantages are obvious: Relative Anonymity: Be it Neteller, Moneybookers (Skrill), or Webmoney, the E-wallet provides you with an envelope of anonymity and lets you focus on what you do best – trade. Budget Control: Allocating a budget and sticking to it is much …

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Best Ways to Withdraw Your Money

Posted on by John Thiel

If you are a binary options trader and have been thinking about the fastest and most efficient way to cash out your winnings from your broker account, the answer is simple. It’s always going to be much easier and quicker to withdraw funds using an E-wallet. Now, the real question is how to choose the E-wallet which is best for you. Primarily there are two very professional merchants that have an extremely professional background and have been around for the longest time. These two are Neteller and Moneybookers (AKA Skrill). Brokers such as Anyoption or Optionsclick accept Skrill, but Neteller …

Posted in Trading Guide, Withdrawing Money | Tagged , , , , , |

Bonus Trading Requirements for Withdrawing Funds

Posted on by John Thiel

If your withdrawal request has ever been declined due to trading requirements that were not met, chances are you were not careful enough to read the bonus criteria as they are explained in the terms and conditions section of your binary options broker’s website. But why can’t I just withdraw my funds? Well, if the broker provides you with hard cash without setting requirements, there would be nothing to stop you from just taking the money. In fact, they will be giving away money and we all know that’s not how the game is played. Unlike Forex, binary options have …

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Binary Options Brokers that Accept Paysafecard (PSC)

Posted on by John Thiel

After having conducted in-depth research into which binary options brokers accept Paysafecard, I have come to the conclusion that none of them do.  So you may ask yourself, well how is this possible? Why is it that moneybookers or Ukash is accepted, or even EPS, but not PSC? The reasons for this vary, however when it comes to issues like this its usually one of two reasons. Since the brokers usually work with a few processing solution providers such as Envoy AKA Worldpay AP Limited, these providers provide a parcel of solutions and for some reason Paysafe Card is not included. …

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Brokers With the Most Diverse Depositing and Withdrawal Options

Posted on by John Thiel

If you are a binary options trader looking for the broker with the most diverse depositing options, you are probably looking for Anyoption, Optionsclick, or 24Option. It is worth mentioning that all three do not accept US traders. Anyoption offers the richest and most diverse banking options in the whole industry. This broker has the most advanced processing capabilities by far. Furthermore, the banking section on the website offers a unique and highly functional scroll-down tool that allows you to select a deposit option according to your country. Optionsclick also accepts a wide variety of credit cards such as CartaSi, Carte Bleue, Dankort, Diners, Discover, JCB, Laser, Maestro/Switch, Mastercard, MC …

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Binary Options Brokers that Accept Mastercard

Posted on by John Thiel

Mastercard is the second most popular credit card in the world, and very commonly used by binary options traders wanting to invest and fund their trading account. Much like Visa, MC also offers a variety of purchasing options. Be it a prepaid, debit, or gift certificate, anything carrying the Mastercard logo on it will be accepted by brokers the like of Redwood Options, Optimarkets, or Regal Options which also accept US traders. Unlike the Popular E-wallets such as Paypal, Moneybookers (Skrill), or Neteller, Mastercard has the advantage that it’s much faster and easier to use. You just pull the card …

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Binary Options Brokers that Accept Maestro Switch

Posted on by John Thiel

Maestro is basically a Mastercard-type debit card which can be used to fund your real money trading account. Maestro (previously also known as Switch) requires you confirm your deposit by entering a 4-6 digit pin code that is provided to you by the issuing bank. This card is made available to NON-USA residents and is primarily used by UK and Australian traders (but not only), and operates much the same way Visa Electron does in the Americas. The two recommended brokers that accept Mastro are 24Option first, followed by Anyoption which also offers a professional trading platform coupled with great …

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Binary Options Brokers that Accept E-Wallets

Posted on by John Thiel

Electronic wallets such as Moneybookers, Paypal, Neteller, and Webmoney have become the preferred depositing method for binary options traders around the world. Brokers accepting these banking options have become successful due to the growing popularity prompted by the ease of use and anonymity E-wallets offer. Some E-wallets like Moneybookers (Skrill), will not accept US traders, while other such as Paypal will. However, you will find a very difficult time finding a broker that accepts Paypal deposits due to the regulatory stance their corporate bigwigs have taken. The way to bypass this is to buy a Paypal prepaid card with the …

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