Banc54 Scam Review

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Banc54 Scam Review

Posted on by John Thiel

Banc 54 is something of an unknown entity. I have talked to some of my colleagues who received a spam email from someone offering them a way to make money and then got a link leading them to this binary options broker. After making some initial investigations it has become apparent to me that these guys are about as dirty as you can get. The software is completely rogue with out any regulation, and they falsely represent themselves as a “boutique investment house”. In reality its most likely a bunch of guys operating out of some garage with a very …

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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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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 …

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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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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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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 Neteller

Posted on by John Thiel

Due to the recent regulatory developments in binary options, the various platforms and brokers have made a strategic decision to make a shift into E-wallets as an alternative to credit cards. Neteller is one of the oldest and most respected name in the industry, and has provided solutions to traders wanting to fund their real money trading account for a long time. A Neteller Account Will Allow You To: > Withdraw money from your trading account. > Deposit money and fund your trading account. > Buy various products and services offered online. > Transfer money between accounts. For reasons having …

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Binary Options Brokers that Accept Visa Electron

Posted on by John Thiel

Visa electron is a popular debit card available outside of the US, Ireland, Australia, and Canada that enables you to deposit and fund your account in a safe and controlled fashion. The difference between a usual debit card and Electron is that as opposed to regular debit, all the funds must be available in order for the cash to be withdrawn. This is a fantastic way to curb your spending and monitor your investments in a way that allows you to execute successful trades, while at the same time not worry about exceeding your credit line. Some of the recommended …

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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 …

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