I agree this thread is NOT the place to discuss issues beyond the subject of the thread, but I do not know how to use this site to find a general area or to perhaps start a new thread (no time to study this site). Please advise. Thanks.
The ONLY factor that keeps a broker (or, anyone honest) is if they value their reputation more than other people's money. I will NOT give names of any brokers I am or ever have dealt with. I do NOT "promote" or "recommend" any brokers.
Forex is 80% skill and 20% gambling and there are 5 brokers (max) that are honest. I amusing one of themm but I honestly think FPA should setup their own brokerage to set the international standard and I would be happy to help in that project else I will probably setup my own because I trade (open & close) 1000+ Lots a week and, even the best broker, will cost more money than if I setup my own brokerage.
Options is 80% gambling and 20% skill and, in my experience and based on what I've been told, there is only 1 Options broker that is honest -- and I've NEVER traded with them because I do NOT trade options. I have NOT done proper due diligence because I do not trade Options and I am not a paid researcher. However, as concerns Options trading, I am told that INTERACTIVE BROKERS is the best. Why? Because most of their clients are companies and large corporations that use the other professional services offered by IB for hedging business risk and that Binary Options is not their primary business. So, back to the old adage about protecting one's reputation. I do NOT know for sure, but it seems IB values its reputation more than the Ferraris they can with stolen client money. I would go as far as saying that Binary Options is probably run entirely by questionable organisations....