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Overall, I'm getting a bad feeling not just about Banc de Binary, but also about the whole binary options concept.
I believe something fishy is going on with the data being manipulated if your in a winning trade. In my demo account I was clearly up by 40 pips trading the 60 second, when 20 seconds before expiration my winning option is all of a sudden a tie when price clearly was no where near my entry and the trade didn't even expire yet. I 've had tons of real demo accounts with futures brokers and forex and have never experianced anything of this nature in regards to trading. I think there should be more regulation and transperancy, until then I will not be trading live with this broker. It is not advisable.
In my experience, I have found only two firms who try to make a legitimate market in spot forex options:Maybe I should call up Spot Option and establish Banc de Pharaoh and Pharaoh de Binary.
Regarding Saxo, I think you are referring to real options traded on an exchange, right?
These other "binary options" brokers don't seem to be linked to an exchange.
Pharaoh,
Just like Spot Forex itself, "Options on Spot Forex" are traded between banks and other liquidity providers through the same facilitators like Integral or Currenex that intermediate the spot market.
There is no "Forex Exchange". . .