A lot of binary options brokers out there are neither regulated nor licensed. With the number off binary options brokers online increasing every time, it has become really difficult for traders to make a choice of which broker to pitch their tent with.
One of the most important things to note about a broker before going with them is if they are a legitimately licensed financial institution. Their license could be by CySEC in Cyprus or a financial regulator like the FSPR in New Zealand, what matters most is that they are licensed.
It is important to note that if a broker is not licensed, then there is no guarantee for the investor that the broker will not close their website one day, and their funds are lost.
The best binary options broker still remains the licensed broker. Traders in a European country can rely on a broker licensed under the Mifid rules of the EU. Traders outside of the EU, must research more closely their choice of broker.
Each month, the list of top rated binary options brokers changes based on feedback from traders.
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