Which one of the following brokers are trustworthy

Investment ForumCategory: Broker QuestionsWhich one of the following brokers are trustworthy
Anonymous asked 5 years ago
I am from South Africa, and it will be my first time trading the market.

I am in a financial situation where I can’t afford to lose the money to a scam broker that my husband are providing me with.

Which one of the following companies are trustworthy to trade with –
Maxoptions
Binary Uno
GDMFX
Opteck

If none of the above are trustworthy which one would you suggest that I can trade from South Africa.

Hope to hear from you soon.

Kind regards

Elizma

6 Answers
Moderator Staff answered 5 years ago
Hi Elizma,
 
All the binary option broker you mentioned are not licensed or regulated by CySEC, FSB or FCA.
 
The two brokers you should consider using are ETX Capital, which is licensed by the FCA in England and they offer both Forex trading and binary options, see here.
 
The other broker is 24Option which is licensed by CySEC in Europe and they are the largest binary options broker, see here.
 
Please remember, binary options trading is very risky, and it is not recommended to trade with money that you cannot afford to lose.
 

Moderator Staff answered 5 years ago
No1 Options is not licensed.

Moderator Staff answered 5 years ago
Hi Amit,
 
You should read who the best brokers are here: https://brokerwithdrawal.com/best-brokers/
 
And also read about the Managed Accounts Scam here.

Elizma Vermaak answered 5 years ago
Thank you for you quick response. Would you also recommend No.1 Options and/or IQ Option?
Regards
Elizma

Anonymous answered 5 years ago
Opteck if not a scam is very close to it. Trade support with analyst/broker in the beginning, then say not possible anymore if the account is below 100k and doesn’t let client get his account money back

Amit answered 5 years ago
Hello, 
I have the same problem, I’m from UK and I think I have left my contact details in some advertising website. Right now they are calling me from this five Binary. Which I should consider trading with? 
StockPair
TopOption
FTrade
OlimpFinance
MaxOptions
What should I do?
Amit

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