These are some interesting though sad news for Canadian traders. The CSA (Canadian Securities Administrators) are ready to propose to have all advertisement, offering and selling any Binary Options service or product. This is due to the high amount of fraud cases that have been faced throughout the last few years in Canada specifically. The document would be called "Prohibition of Binary Options" and it is intended to target many Cyprus regulated firms (brokers) and unregulated ones.
There is a piece of an interview made to the Chair of the CSA and CEO of Canadian AMF that expressed their concern of the high amount of investors losing money due to several SCAMS in the Binary Options field. Now, we have to understand that they are not against Binary Options. They are against scammers that have caused many losses on Canada resident's finances, plus identify theft in many cases when they provide their bank or card information to unregulated brokers that target aggressively Canadian investors. Most of these brokers are the ones we have Blacklisted in Binary Living Way for a long time.
Since there is no governmental agency that allows Binary Options companies in Canada, they are inviting all Canadian residents to visit http://www.aretheyregistered.ca/ to verify what companies can offer them financial services, We all know that Forex is the pioneer industry for small investors and this open the question again....Is the Binary Options industry dying? Check the video with the answer and remember that Canada was always very limited for Binary Options and this is a step ahead to prohibit it 100% in the Country. Thanks a lot for reading.
This is something I call "NICE". CFTC has announced that 71 Binary Options and Forex brokers are being added to their famous Red List. According to them, the list includes brokers that are soliciting money from U.S. residents "without a CFTC registration", meaning all brokers except for Nadex. This information is more directed to U.S. residents since they do include a few well trusted brokers such as 10Markets, uTrader and Marketsworld, however, they all might have made the mistake of accepting U.S. traders. This is the list:
Hi everyone! I am happy to announce a new mechanic going on on my Facebook group Binary Living Way. I want to help everyone so that is the reason why I started to give people their first deposit if they opened an account with IQ Option and now there are like 30 new people registered with real money and following signals which makes me really happy. Now, since also other members want to be helped, I will have a weekly raffle of $100 among all new members that register with IQ Option using this link: tiny.cc/IQOptionBroker. So the way it will work is the following.
Once you complete all the steps, you will be part of the list of participants and I will choose a winner every Sunday of $100. You can deposit those $100 or do whatever you want with it. It will be an incentive to all of you to remain hungry of money and success!
I hope this new mechanic is healthy and positive to all of you. If you don't have the money for the first deposit, don't worry, I will give you that money. Check the video below with an explanation as well and thanks for reading!
PS: If you are not part of the Facebook Signals Group, feel free to join here and start taking advantage of our Telegram Signals ASAP! Cheers.
So I have received several questions in regards to the help I offered to some members with their first deposit with IQ Options so I will answer all. It does not mean that the ones that I have helped by sending them the money are unhappy, not at all! But I have always liked to clear things up in order to keep a positive environment with my group. So let's begin.
1. Why only IQ Option?
The brokers I recommend, which are fully regulated, request a minimum deposit of $250 (AnyOption) or $200 (24Option) for example. So if I decided to help 10 people with their first deposit with any of those brokers I would have to pay at between $2,000 to $2,500 which is not a small amount to get out of my pocket. Taking in consideration that the group is 100% free, no donations have arrived in the last month and the money to pay the signal providers and to help new members with their first deposit is now coming directly from my own bank account. With IQ Option and the minimum deposit of $10 I can easily help 50 people and it will be $500 which makes it way more affordable.
2. What do you get in exchange from the broker?
Everybody knows now that brokers pay commission per every trader that registers using someone's affiliate link. IQ Option is not the exception, however, due to the low deposit, they pay 3% of commission on each trade. So let's imagine that the people with a $10 deposit trade with minimum size of $1, the profit would be $0.03. I am telling you this so that you understand that it might take a while for me to recover those $10, however, it is a huge help for the trader that is receiving his first deposit. If those $10 end up being $1,000 in a few months, then I would be looking at profits, but for now, new traders having real money to invest is the main goal.
3. Why if I already made a deposit in the past and a I want to make a new one now you won't help me?
This project is to help traders that are either very new or that don't have the economic situation to invest $10. Although it sounds like a really low amount for some people, it really is a huge amount of money on several countries. I will only help people that really need it to optimize the union of the group. My goal is that all of the members in my group are trading with real money and making profit. That is the main target on this project.
4. IQ Option is not available in my country, How can I qualify?
Unfortunately, if IQ Option is not available for you, I cannot help you on this project. I will not support any non-regulated broker whatsoever. So even if you have a low deposit broker and you are in a country that don't accept IQ Option, you won't be able to be part of this initiative. I know it sounds hard but I am being honest and strict with the rules of the project.
5. What happens if I don't have a Skrill or Neteller account for the transfer?
It is a MUST that you have either a Skrill or Neteller active account to receive the deposit. The reason is because a wire transfer would have a higher charge than the $10 so it won't make sense and PayPal is not an option as IQ Option does not take PayPal deposits. If you create one it is fine you can create one for free here. However, if you don't have one, then you don't qualify for the project.
I hope this answers the 5 questions I received since yesterday and clarifies everything. I have sent several first deposits already in less than 24 hours which is good and I do hope that this helps you in your financial success. Thanks for reading.
Trade Thunder's website, www.tradethunder.com, has stopped suddenly working! Trade Thunder is a Binary Options Broker very popular for allowing US traders to use their platform and now their website seems to be down. There had been a few months with a lot of complaints about their withdrawal process, more focused to the over-delay on them. Nevertheless, there were still people that were having no issues with them, the complaints were more every week.
It is not a lie that, since they are not regulated by any legal institution in the industry, there were always lack of confidence from customers worldwide, however, their great platform BX8, their high payouts (up to 85%) and their customer support's efficiency made this broker to be loved among US Traders. With this being said, many loyal customers might be wondering what happened.
Well, nothing has been officially said yet, but when you see that the website is down, and taking in consideration several other brokers that closed their doors all of a sudden by closing their website, we can expect nothing but a final notice that Trade Thunder has reached the end of its journey.
It is really sad when a broker closes its doors due to the amount of people affected with this action. The reason for closing of Trade Thunder is still unknown and we are all now waiting for a final response to understand this event or, being possitive, their website to start working again. We will be ready for either one of the situations.