Helping you avoid the best forex binary option system brokers and find the legit ones is why we created the trader driven Binary Options Blacklist. The binary options industry experienced an increased in popularity lately.
Traders from all over the world now have access to an industry that prides itself as being the simplest form of trading. Yet, there’s a lot of controversy surrounding it. Many brokers simply fly under the radar. Others, simply don’t operate legally in a country or territory. For this, they use offshore companies.
In other parts of the world, trading binary options is simply illegal. It’s not allowed for a broker to offer the services. Moreover, on top of all these, in most of the countries in the world, there’s no legislation. Because of that, brokers found an opportunity to profit from people’s desire to make a quick buck. As such, the industry is plagued with scammers. Not all brokers fall into this category, though.