How to submit a complaint about a binary brokerage account
Broker complaints seem to arise from a variety of subjects. Some complaints are legitimate and permissible, but there are those that lack a little rationale. Whether you sign up with a regulated broker or not, you may find the answers to your complaints down below.
Have you ever received a call from a senior broker account manager? Or maybe an email telling you about managing your account? They are kind of like a money manager. They actually place the trades for you. You may win a few trades here and there, but for the most part, you will lose all your money. You just need to educate yourself so YOU make money. Knowledge gives you the advantage over binary options and increases your profit.
If an brokerage manager tries to entice you with the idea of managing your account, you have the right to say NO. Remember that you are in control. You are not alone in this matter. You can join a community of binary traders from around the world, full of professional traders and beginners just like you.
Every day you can master new skills from real people, ask top traders and members for any advice, and make a lot of money! Some of these malicious systems create broker accounts with binary brokers that also hold a shady reputation. Evidently the number one reason many option traders cannot receive any withdrawals from their funds is do to the fact they have accepted a bonus.
Before any customer accepts a bonus, you must first read or inquire about their bonus policy. When the binary option expires, the option holder will receive either a pre-determined amount of cash or nothing at all. Typically, a representative of a binary options website will ask a customer to deposit money into an account where the customer can purchase binary options contracts. Representatives of binary options websites may use fictitious names and tout fake credentials, qualifications, and experience.
They may misrepresent where they are calling from for example, pretending that they are in the U. If you are considering investing money with a binary options website, look out for these red flags:.
In addition to perpetrating fraudulent investment schemes, the operators of binary options websites may be violating the federal securities laws through other illegal conduct, including:.
Furthermore, if any of the products offered by binary options trading websites are security-based swaps , additional requirements will apply. Banc de Binary , the binary options seller allegedly solicited U. Some safeguards and remedies are available only to purchasers of securities in registered offerings. In addition, individual investors may not be able to pursue, on their own, some remedies that are available for unregistered offerings.