Does a Canadian based forex/ binary / options broker ever need to ……

Investors & Traders ForumCategory: Broker QuestionsDoes a Canadian based forex/ binary / options broker ever need to ……
Dolly Laben asked 1 year ago

I have a concern regarding the selection of a binary options broker – why does the brokerage refuse to verify that they clear their trades through ICE ?

Is it the obvious answer ( they don’t clear through anyone because they aren’t actually in business to do anything but steal customers cash.

Or is the world of binary options so shady that even if you are a real brokerage you can still not reveal your clearing firm for fear of breaking super secret dumb rules ?

Best

1 Answers
Scam Trading Brokers answered 1 year ago

Hi Dolly,
 
Which broker are you referring too?
 
Practically all binary option brokers are operating European style where they take the opposite side of the trade, and not using a clearing house like ICE or CME. 

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