Expert Options is a Binary Option for trading?
ExpertOption is a well-known binary options broker founded in 2014 and operated by EOLabs LLC, a company located in Saint Vincent and the Grenadines. The previous owning company was EXPERTOPTION LTD, which was registered with the International Financial Market Relations Regulation Center (IFMRRC); however this is no longer the case and EOLabs LLC is not regulated by any notable financial watchdog.
Binary Option for trading
Expert Options is a Binary Option for trading? At the very outset, it is important to know that Binary options are traded on regulated exchanges, but generally they are termed risky around the world because they are unregulated and are traded through fraudulent ways through the medium of brokers over the internet. All major exchanges alert investors against such systems. In India Semi doesn’t allow binary options on regulated derivative exchanges and they are illegal. Major European exchanges offer binary options in various securities, such as EUREX, and they are quite popular. CBOT (Chicago Board of Trade) allows selective binary options trading on Fed Funds Rate to members only. NADEX (North American Derivatives Exchange aka Hedge Street) formally allows US-regulated binary options on major securities like forex pairs (EUR/USD, GBP/USD), commodities like gold & crude oil and it requires special bank accounts under the jurisdiction of CFTC regulations.
|Return/Refund:||60-85% / 0%|
|No. Of Assets:||100+|
|US Traders:||Not Accepted|
The bonus percentage goes up to 100% but it cannot be withdrawn. Unfortunately, they don’t offer enough information about how the bonus actually works and what limitations will come into play if a bonus is accepted.
So, it becomes quite evident that They may be legal in the countries where regulatory bodies have allowed them to undertake such type of trading activities.
But, here in India,Expert options, and any such binary options for trading is illegal, as Security and Exchange board of India doesn’t allow binary options on regulated derivative exchanges. Anything which is not legal, is sham, and bogus and hence scam. Stay away, and wait for the day when SEBI gives the green signal to Binary options to operate in India.