If you read our reviews for a while, you should realize that we recommend our readers to find a regulated binary broker. Most of the crappy binary options products were actually promoting new binary brokers, so they haven’t yet obtained any license. While you can deposit and perhaps make money from their so-called auto trading bot, but in the end, the money will stay in your broker account. In other words, you cannot withdraw them to your local bank accounts, which made the trading app useless. This case is true for 90% bots out there.
Below, we listed our recommended brokers, together with their license numbers as well as the agencies issuing them. All of them are regulated.
Stockpair received their license from several Government agencies. One of them is Cyprus Securities and Exchange Commission. This agency is one of the most popular among binary options and forex traders. At CySec, their license number is 229/14 and they are being registered as Nextrade Worldwide Ltd. You can check it out at CySEC website by clicking here.
Verdict: Is Stock Pair legit? Short answer, yes. And we highly recommend it.
#2 Daweda Exchange
The license number for Daweda Exchange is being mentioned clearly in their homepage at https://en.daweda.com. You can simply scroll down and see the license number 289/16, under CySec. Yes, Daweda Exchange is really transparent and you can do business with them without doubt. Click here to check it out on CySec website.
More brokers will be listed soon.