Stockpair has now stopped accepting trading clients from the United States as of today, February 23rd, 2014. The news may come to many as a surprise as they have been one of the most well liked brokerages in the industry. The platform they offered was exceptional and offered several different features than those you will see on many other platforms in terms of expiration. It is a sad day for all of us traders from the United States to see this happen, however it is understandable. The reason for this decision appears to stem from the firm trying to obtain a licence from CySEC (Cyprus Securities and Exchange Commission) which comes with the stipulation that they must halt accepting traders from the United States.
We do wish them the best of luck as they continue to become regulated and make an even better name for themselves.
It was brought to my attention today from one of our members Mr. Alum that CySEC is now working to end binary options brokers from attaching bonuses which lock up clients funds until a turnover is reached. As they state in the announcement, “Any restrictions on the withdrawal of clients’ funds are not in compliance with the provisions of the Investment Services and Activities and Regulated Markets Law, as in force (“the Law”) and the Commission’s Directive DI144-2007-01 of 2012 for the authorisation and operating conditions of CIFs (“the Directive”).”
This is great news in my opinion for traders in binary options. I’ve gotten far too many e-mails and complaints from people who have had their funds locked up with bonus terms and conditions even if they didn’t want it or understand what was happening in the first place. I hope this finally puts and end to the bonus locks and allows for fair withdrawals.
A new strategy has just been posted on Binary Options Edge called BBand Stop which uses the BBand Stop Alert indicator. It is an interesting take on drawing levels on momentum changing bars which you may find unique and useful in your daily trading. Here is a screenshot from it today on the AUD/USD.
You will find more information at the link below which explains the strategy in more detail and offers more images to help you figure it all out. Have a look!
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