One of the most frequent questions that usually occurs in binary options world is the query about whether the broker is a scam or not. In this article, we will try to answer if Binary Capital Markets broker is considered a safe broker or if it has some shady facts that could point that it is a scam.
It is always hard to answer this kind of question because you never know the experience of every client that has registered with the broker and what was his opinion about it. The only argument that can be found about Binary Capital Markets is the information on regulatory pages and eventual discussions of traders that had traded with this broker.
Is Binary Capital Markets a Scam Broker?
As already said, it is very hard to claim if certain brokerage company is a scam if there is no validated evidence about it. As far as we know, Binary Capital Markets is licensed by a well known CySEC regulator and it holds a license number 293/16. Besides the CySEC, the broker is a proud owner of several regulations bodies like FCA, BaFin and CONSOB. The fact that a broker owns a license doesn’t need to mean that we talk about a reliable broker. In this case, we have been searching for eventual information about complaints that might be submitted by their clients.
We haven’t found any evidence that might lead to the fact that Binary Capital Markets is a scam broker. According to the CySEC, there is a vast amount of rules and obligations that have to be followed in order for the broker to stay regulated. This includes various regulatory documents that are putting the clients in front of the brokers and trying to protect their investments and personal documents. The regulation status of Binary Capital Markets can imply that traders can be more comfortable while they trade with this broker.
Does Binary Capital Markets Provides Transparent Data?
According to the CySEC regulations, every broker has to provide correct and transparent information about the company, its services and terms, and conditions. In Binary Capital Markets case, we have visited their official website and checked if the broker has provided traders with all necessary information.
We have found that Binary Capital Markets points out their legal information on the main page with detailed information about their business policy and regulations they follow. Besides that, the broker provides all clients and those who are still not registered with Binary Capital Markets about the owner of the company and its headquarters. According to the Binary Capital Markets, we have found out that it is owned and operated by G.S.E Golden Sky Europe Limited which is registered in Cyprus.
Another important fact that is usually connected with reliable brokerage companies is the information that their activities are supervised by several regulators located in European Union members like Austria, Denmark, UK, Germany, Norway, Sweden, and others.
Binary Capital Markets also complies with relevant laws, regulations, and requirements that are the subject to the approval of very important MiFID regulative.
All those regulators have the same goal and it is protecting the trader. Besides security reasons, regulators also try to withhold that Binary Capital Markets brand withholds the quality of their services.
Binary Capital Markets Provides Clear Trading Policy Documents?
Another important fact that could point that Binary Capital Markets is not a scam broker could be a very clear overview over their trading policy documents. We have researched their policy, terms and conditions and various procedures that help their clients to understand the way this broker operates.
Among vast amount of documents we have found that Binary Capital Markets provides strict information about:
- Investor compensation fund
- Risk disclosure
- Remuneration Policy
- Conflicts of interest
- General Terms and conditions
- Withdrawal policy
- Risk disclosure
Binary Capital Markets Professional Customer Support Team
After a deep research about Binary Capital Markets, we have decided to contact their customer support live to chat to check if their agents provide traders with correct information. We have asked several questions and their agents provided us with prompt and professional information, which is a great benefit for all traders.
Opening Account with Binary Capital Markets
Before a trader decides to open the account with Binary Capital Markets, he should be informed about all the mentioned facts. Trading binary options have its pros but it also has its cons. Binary industry brings so many opportunities for traders, but only if they choose the right broker.
There is a huge number of brokers that have scammed their clients and took their money away. In order to avoid situations like that, traders should always check if the broker is reliable and trustworthy. On our site, we try to provide as much useful information about every broker we review.
There are a lot of inexperienced traders that are not aware that choosing the broker is the most important key to the success. After reading our Binary Capital Markets review, traders might be interested in checking the legal information about the broker, which can be found on their site. Traders should read terms and conditions and be aware of their obligations too.
Binary Capital Markets Verified Payment Methods
One of the last things that might tell us if Binary Capital Markets is a scam broker or not are the bank providers that are on trader’s disposal. According to their site, Binary Capital Markets provides payments with a reliable and trustworthy credit card providers and E-Wallets like Visa, MasterCard, Skrill/Moneybookers, paysafecard, Neteller, Sofort and Bitcoin.
Making payments through reliable sources is very important with every online transaction. In order for a payment to be safe, Binary Capital Markets has also secured their website with a classic SSL encryption in order to protect their client’s information. This has become the default way of protecting the clients.
We hope that you have found all important facts that will help you decide if Binary Capital Markets is a scam broker. According to above mentioned, there is a high chance that trading with this broker includes safe trading in accordance with regulatory laws and standards as they have regulated status with several regulators.