You are the only one posting and contradicting with every one (even with most seniors in FPA and admins)
Naveen, this is a forum! It is place where everyone shares his/her opinion. I've shared all I had to share regarding your case in your thread. If it a contradiction to your ideas, I am sorry! This is the reality! You should not throw away your money to some people who are calling you just because they want to make some money from you! This is not the way I am doing business...if it is OK for you, then look again for the consequences! I am just sharing my personal point of view and you are not obliged to accept it!
These firm's loot people's money with lies. As said by "WatanFX-Rep", should be categorized as gambling or mention it on the website.
There's a special risk warning published on their website. As you said, you have noticed that message and you claimed that all websites with similar content have the same risk warnings. Well, this is requested by the law!
Mention on the website, that broker (and not market) looses money if clients gain. This is sufficient to be fair and only those interested in casino type, will open accounts.
Do casinos mention that fact?! And what do you understand under "broker" and "market" and what is the difference for you whether your broker or some big bank will take your money?! This is how the market works...The main difference is that your broker see what you have placed and the big bank see just
weighted ( average ) price. Now, if you read some more, you will make the difference and decide which is better for brokers and which is better for banks.
At-least we know why we go casino, but here it is as if "Unknowingly (since trust cysec), we give sword to broker to kill us" . This is a clear cheat.
And this is the big problem that I raised! Casinos are also divided on regulated and not regulated. If you don't know what you are doing, you should not trust both type of casinos. These regulation bodies are there to check the financial statements of casinos, brokers, banks etc, and not to tell how I must do the business. This is not a communism, we are in the era of democracy. It means that you are responsible for everything...or at least you should be! It is up to you to give or not the "sword to the broker".
Anyway you will argue with everyone. Cysec should impose heavy fines (more than they cheat) and cancel license.
I am sorry to say that you were the people to pay at least 2 fines imposed by CySec. Speaking to fines, what happened with your cases in CySec, did they charged Banc de Binary?! Have you already received any answer from this body?
...as per suspending the license...just visit my warning thread against
HeroOptions. Licensed or not, you both should have been really excited about the profits you can make. You have not checked the company. Today, I did some checks and I found hundreds...This is what these companies want, to take your decision quickly, without any thoughts, any questions, any doubts...
Brokers only goal is to make us deposit as much as possible (don't care even if we are dead) and empty accounts.
Really, you should understand that this is the goal of every business. Why Samsung and Apple are floating every year at least 2 flagmans?! To stay in the warehouses?! Maybe you have something to say against these companies, too.
P.S. Should we consider that still there's no development for both cases?! Did you receive any answer from CySec or from the company?!