Trading in binary options is becoming increasingly popular and zig brokers are opening the doors to their trading platforms. Unfortunately, in such a fast-growing market segment, also plus500 rogue providers. Our editorial team of iid.de is now struck on the Internet on warnings and negative experiences about broker 99Binary. In the process, reviews and research have generated frightening results that we do not want to keep from our readers.
Table of contents
This question is not easy to answer. Anyone who goes to the website 99Binary will quickly find that there is no imprint. This fact alone is 24option a reason for us to doubt the seriousness.
Under the menu item “Who are we?” It is explained that 99Binary is a broker founded by “leading thinkers in the industry for binary options”. But those who are “thinkers” will not be betrayed.
Then go to the menu “Contact us”. Here is finally an address, and the broker on the Caribbean island of Anguilla (Lesser Antilles) is located. This also includes the fact that the payment transactions are handled by “NINETY NINE INNOVATION LTD” in London. What does that mean Copy Trading exactly?
First of all, it is not unusual for brokers to have their head office abroad. Usually there are tax, legal and organizational reasons for this. There are problems, however, when a user charges a lawsuit because, for example, he thinks that courses are manipulated or funds are not paid out. The Caribbean is not just around the Social Trading corner, so plaintiffs not only need a long breath, but also the financial resources to enforce their claims. In addition, an attorney must be commissioned who is familiar with the legal situation there.
Rather, there is little trust in the fact that 99Binary apparently operates without a license. After searching the website, no license or registration number of a competent supervisory authority could be found. However, it is a sign of seriousness if brokers can be regulated and supervised by a state supervisory authority.
A phone call with surprises
The question of the imprint and the regulation has left our editorial team no rest, which is why we decided to get in touch with 99Binary. After the live chat did not work, one decided to call the German telephone number. A nice lady announced, which immediately informed us that 99Binary IQ Option is currently being revised and no trade is possible. Then she said that all customers of 99Binary would have switched to the broker CT option. Whether this is right and whether the consent of the customer is required, we can not say. In any case, our employee was directly transferred to the next lady who into home was responsible for the broker CT Option.
We did not get a concrete answer to the questions as to when 99Binary was again “operational” or whether it would still exist in the future. We are assuming that this broker will not be available sooner or later. Finally, the successor CT Option is already in the starting holes.
Check the successor CT option
Of course, we did not let us take a closer look at the broker CT Option. As with 99Binary, there is the menu item “About anyoption us”. While 99Binary was founded by “leading thinkers in the industry for etoro binary options,” CT Option has created “experienced professionals from the financial, trade and technology breed”. Whether the “leading thinkers” now “experienced specialists” have developed, be times set.
At the top of the page, CT Option is a “leading trading platform for Binary Options and Investment Broker Companies” operating in more than 90 countries around the world. Shortly thereafter:
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