most reliable no-scam binary options broker?

[zede]

Hello everyone,
I am new to forex trading and was interested in starting off with Binary Options. I have been reading up on various sites and forums and many of the brokers who seem fine on the outset, turn out to be scammy or non trustworthy on further searching. I was wondering if any one can suggest me some reliable, authentic no-scam brokers for binary options??

thanx alot.
Zede

 

[Pharaoh]

The only binary options broker I've heard of that is well regulated is Nadex in the USA. Many regulated fx brokers also offer binary options, but the fine print usually shows that the binary branch of the company is either unregulated or under-regulated.

You're better off sticking to exchange-traded vanilla options or finding a well-regulated broker for retail forex.

 

[kristian9]

According to me Broker Official is best platform for binary options trading.

 

[Pharaoh]

And you say this because they appear to be based in Dominica or is there some other reason?

In Binary Options, your losses are the company's gains and your gains (if you can withdraw them) are the company's losses.

What makes you think a Caribbean Island broker (more likely Israeli, but they claim that Dominica address) like Broker Official would let you withdraw if you were lucky enough to win?

And a little more digging shows the website was originally registered in Israel.

Registrant Name: Ilanit Sorkin
Registrant Organization: Sorkin
Registrant Street: Dimitri Shostakovich 4
Registrant Street: tel aviv
Registrant City: Tel aviv
Registrant State/Province:
Registrant Postal Code: 69632
Registrant Country: Israel
Registrant Phone: +972.545488336
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: jordanporush@gmail.com

 

[rex1024]

And you say this because they appear to be based in Dominica or is there some other reason?

In Binary Options, your losses are the company's gains and your gains (if you can withdraw them) are the company's losses.

What makes you think a Caribbean Island broker (more likely Israeli, but they claim that Dominica address) like Broker Official would let you withdraw if you were lucky enough to win?

And a little more digging shows the website was originally registered in Israel.

Registrant Name: Ilanit Sorkin
Registrant Organization: Sorkin
Registrant Street: Dimitri Shostakovich 4
Registrant Street: tel aviv
Registrant City: Tel aviv
Registrant State/Province:
Registrant Postal Code: 69632
Registrant Country: Israel
Registrant Phone: +972.545488336
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: jordanporush@gmail.com

Where do you find this information?

 

[Pharaoh]

Domaintools offers a premium service which allows checking historic WhoIs (aka WhoWas) information. There are some other sources for this online, but I haven't had a chance to check them out yet.