Banc54 Scam Review

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Banc54 Scam Review

Posted on by John Thiel

Banc 54 is something of an unknown entity. I have talked to some of my colleagues who received a spam email from someone offering them a way to make money and then got a link leading them to this binary options broker. After making some initial investigations it has become apparent to me that these guys are about as dirty as you can get. The software is completely rogue with out any regulation, and they falsely represent themselves as a “boutique investment house”. In reality its most likely a bunch of guys operating out of some garage with a very …

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Regulated Versus Unregulated Brokers: Is There Really a Difference?

Posted on by John Thiel

Recently we have been witnessing a flood of new brokers entering the binary options scene. Some of which have even opted to select strange names for themselves like Bee Options or Planet Option, all of these are eventually destined to become regulated or extinct. The reasons for this vary, but it’s becoming more difficult to accept credit card transactions, particularly from the United States. Certain brokers that have risen to the challenge and decided to get a license from CySec or MiFid, have absorbed significant costs related to obtaining the actual license, conforming to regulatory norms, and finally actually paying …

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Why Documentation and Forms Are Needed in Order to Withdraw Your Money

Posted on by John Thiel

I’m sure a lot of you have heard horror stories about binary options traders that have experienced the painful agony of trying to cash their money out and having it being declined due to missing or improperly filled out forms. Well,  you can bet your bottom dollar there will be many more traders having to go through this tedious process in the future. The Business Logic CySec-licensed, or alternatively non-licensed binary options brokers don’t charge fees or commissions as would a traditional broker, they make their money based on the amount of money deposited less money withdrawn. For the better …

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Bonus Trading Requirements for Withdrawing Funds

Posted on by John Thiel

If your withdrawal request has ever been declined due to trading requirements that were not met, chances are you were not careful enough to read the bonus criteria as they are explained in the terms and conditions section of your binary options broker’s website. But why can’t I just withdraw my funds? Well, if the broker provides you with hard cash without setting requirements, there would be nothing to stop you from just taking the money. In fact, they will be giving away money and we all know that’s not how the game is played. Unlike Forex, binary options have …

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Best Ways to Withdraw Your Money

Posted on by John Thiel

If you are a binary options trader and have been thinking about the fastest and most efficient way to cash out your winnings from your broker account, the answer is simple. It’s always going to be much easier and quicker to withdraw funds using an E-wallet. Now, the real question is how to choose the E-wallet which is best for you. Primarily there are two very professional merchants that have an extremely professional background and have been around for the longest time. These two are Neteller and Moneybookers (AKA Skrill). Brokers such as Anyoption or Optionsclick accept Skrill, but Neteller …

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Brokers With the Most Diverse Depositing and Withdrawal Options

Posted on by John Thiel

If you are a binary options trader looking for the broker with the most diverse depositing options, you are probably looking for Anyoption, Optionsclick, or 24Option. It is worth mentioning that all three do not accept US traders. Anyoption offers the richest and most diverse banking options in the whole industry. This broker has the most advanced processing capabilities by far. Furthermore, the banking section on the website offers a unique and highly functional scroll-down tool that allows you to select a deposit option according to your country. Optionsclick also accepts a wide variety of credit cards such as CartaSi, Carte Bleue, Dankort, Diners, Discover, JCB, Laser, Maestro/Switch, Mastercard, MC …

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Binary Options Brokers that Accept Paysafecard (PSC)

Posted on by John Thiel

After having conducted in-depth research into which binary options brokers accept Paysafecard, I have come to the conclusion that none of them do.  So you may ask yourself, well how is this possible? Why is it that moneybookers or Ukash is accepted, or even EPS, but not PSC? The reasons for this vary, however when it comes to issues like this its usually one of two reasons. Since the brokers usually work with a few processing solution providers such as Envoy AKA Worldpay AP Limited, these providers provide a parcel of solutions and for some reason Paysafe Card is not included. …

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Binary Options Brokers that Accept Prepaid Credit Cards

Posted on by John Thiel

Prepaid credit cards are an excellent way to fund your trading account, primarily because of the fact that they allow you to control your budget and insulate your bank account completely. Using prepaid is also a great way to set limits for yourself, and if you are prone to emotional investing I highly recommend you use this form of payment. Another benefit in using a prepaid card has to do with the fact that it is paid for in cash and does not reflect in your bank account statement, so you get to keep your anonymity while at the same …

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Binary Options Brokers that Accept Visa Electron

Posted on by John Thiel

Visa electron is a popular debit card available outside of the US, Ireland, Australia, and Canada that enables you to deposit and fund your account in a safe and controlled fashion. The difference between a usual debit card and Electron is that as opposed to regular debit, all the funds must be available in order for the cash to be withdrawn. This is a fantastic way to curb your spending and monitor your investments in a way that allows you to execute successful trades, while at the same time not worry about exceeding your credit line. Some of the recommended …

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Binary Options Brokers that Accept Amex (American Express)

Posted on by John Thiel

The American Express (Amex) Card is quickly becoming the preferred credit card among binary options traders for a variety of reasons. First and foremost due to the fact that Amex has higher depositing limits (credit lines) than Visa or Mastercard. Especially Amex Black, which is an exclusive card reserved only for the richest customers, but also the Platinum and Gold Card will have higher limits and less declines on purchases. The benefits of using this credit card are obvious. First of all, your transactions will go through very smoothly with most brokers without being rejected. This is very easy to …

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