Forex-Market, a Russian broker has launched a new binary options trading brand based on the SpotOption platform. The new brand, called Forex-MBinary, supports English but the main language in its videos and images is Russian.
Forex-MBinary’s website lists a UK number and a London address. Additionally, the website’s domain is registered under Andreas Moustras from Larnaca, Cyprus who is also associated with capitalinvesting.co.uk. Despite all of this, the Forex-MBinary’s website does not claim to be licensed for binary options trading in Russia, the UK or Cyprus.
This is how the broker describe the people behind it: “Forex-MBinary and collaborators consist of professional forex brokers, experts in derivatives and risk management, and payment processors.”
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Forex-MBinary promotes its offering with this announcement: “Binary options are often called the ideal investment solution of the 21s century. These financial instruments are easy to use, affordable and accessible to almost everyone around the globe. And by the way, binary options are fairly perspective from the technological standpoint. Still, there are some experts who call it another variation of online casinos where you gamble rather than trading.”
“Still, such skeptical traders are getting scantier and they are by far outnumbered by successful binary traders making big money online. On top of that contemporary trading terminal offered by binary brokers offer the trader a variety of tools for making decent analysis and weighted trading decision, which has nothing to do with gambling. Apparently, you can gamble on poker, sports betting, Forex, binary options, CFD, commodities, stocks, futures etc. Still, these are not casinos. You can actually trade those instruments instead of gambling them if you approach them the right way.”
“The Forex MBinary vision is to give you, the trader, the safest, most convenient, and all around best trading experience every. Our pricing and execution modules ensure the use of the most updated and advanced technologies. Through our partnership with feeds provider, Reuters, we receive live and accurate data streams, and our terms and conditions clearly state the difference between real time market price, and option prices. We provide expiry graphs for any given moment, to ensure trader confidence so there are never any questions on the trader’s end. Client’s funds are held in a segregated account. Funds are used only for trading options through our website upon client’s instructions and are never used for any other cause. Our liabilities and exposures are professionally handled and we guarantee payouts of your profits based on our terms.”