Every binary options broker plays games. PERIOD! Shoot I have even seen games played at nadex a regulated us broker. The games they play may all be different but games still the same.
I have tested probably 10-15 brokers and without exception either myself or my clients has had games played with them. However in the 2 years dealing with these types of bo companies. Never has one of my clients not gotten paid. (At least none that I have know of. I always tell people if they have an issue I will go to bat for them.)
And if you count betonmarkets as a bo company then been in this for over 10 years now.
Anyway I have dealt with the major and some minor companies on various things from not paying out the client to even changing the price of expiration of one client. I have dealt with issues that were $100's and sometimes $10,000+ and everyone I have gone to bat for has been paid.
I am not going to comment on a public forum the exact ways etc... But I get the results for the clients and have many testimonials about going to bat for people.
Anyway my thought is EVERY single bo company I have dealt with I have personally seen issues with either money withdraws, spreads, changing expiration prices etc.. Even the forums favorite broker yes have seen money issues there as well.
I tell my clients the following....
Binary options is not something you put your 401k money in. And never to have too much money in it. In other words if you are light trader say 3-5 trades a week you should NOT have more then 3-5 times your amount of each trade in your account. Make some withdrawals etc..
This isn't like a stock broker or something where you have $10,000 and going to risk 2-3% per trade etc.. You DON'T STORE MONEY IN A BO COMPANY! You trade $$ in a bo company.
If you want money management and say you are trading 5 times a week and trading $100 per trade. And want to start an account with $1000 then do the following.....
Put $300-$500 TOPS in your account and put the other $500-$700 under your mattress. Trade your account like you have a $1000 bankroll just don't store you money in a bo company ITS STUPID!
You can get thousands of dollars put into your bo company account IN MINUTES! It takes days if not MONTHS sometimes to get money out.
So long story. yes I like http://www.mytraderxp.com (my aff link) I use them and have for 7+ months now. (They are closing to NEW US clients as of July 30th! but old clients will be grandfathered in.)
Sorry to hear about that persons issues with them but that can be said of any broker. And there is some benefit of joining a bo company thru an affiliate willing to go to bat for you.
Hope that helps
Steve
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