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 …

Posted in Binary Options Regulation | Tagged , , , , , |

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 …

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

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 …

Posted in Bonuses and Promotions, Trading Guide | Tagged , , , , , , |

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 …

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

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. …

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

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 …

Posted in Depositing Money, Withdrawing Money | Tagged , , , , , , , , |

Binary Options Brokers that Accept Ukash

Posted on by John Thiel

Ukash is a global payment method used by thousands of traders every day to fund their trading accounts. It’s unique in the sense that all you have to do is step into a kiosk or any one of the 420,000 outlets available across the globe and exchange your cash for a 19 digit code. The code is actually a form of prepaid credit card which can be used to fund your trading account. Fees: Ukash charges processing and administration fees of up to 15% of the original deposit on disputed transactions (AKA refunds). We don’t recommend charging back with Ukash …

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

Binary Options Brokers that Accept Prepaid Credit Cards

Posted on by John Thiel

Prepaid credit cards are an excellent way to fund your trading account, primarily because of the fact that they allow you to control your budget and insulate your bank account completely. Using prepaid is also a great way to set limits for yourself, and if you are prone to emotional investing I highly recommend you use this form of payment. Another benefit in using a prepaid card has to do with the fact that it is paid for in cash and does not reflect in your bank account statement, so you get to keep your anonymity while at the same …

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

Binary Options Brokers that Accept Paypal

Posted on by John Thiel

Paypal is considered by many binary options traders to be the best possible E-wallet. The reasons for this vary, however the fact that most people already have a Paypal account and understand how easy it is to use makes it that much more appealing. The benefits of using Paypal as a means to deposit as well as withdraw money from your account are obvious, however the only way to use it is to get a Paypal Prepaid card with the Mastercard logo on it: Just as is the case with all other E-wallets, you have an effective way to control …

Posted in Binary Options Paypal, Depositing Money | Tagged , , , , , |