Review and Find Brokers That Do Not Suck
New to Trading? Your Broker Sucks? Or maybe you’re a victim of a Binary Options Scam?
ThatSucks.com team primary goal is to provide a safe environment for all traders, new or veteran, in which they can find honest unbiased reviews and information about different brokers. If you are already a victim of a Scam, the team will do anything they can to help to resolve your issues.
That Sucks is here to support the trader’s community; we invite you to join us in this quest by sharing your information and experiences with others, right here. We will help you get started by providing information about the Industry and different Brokers, but most importantly – helping you choose a Broker that DOESN’T Suck!
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How Do Brokers Scam?
The increasing growth of the highly profitable Trading markets becomes more and more attractive to traders, but being widely unregulated and relatively fresh makes the industry highly attractive to crooks and charlatans, or in other words – Binary Options Scam. The fact that regulators take measures to prevent schemes does not make the industry scam free. Professional crooks are out there, trying to fool naïve traders en mass, with flashy sites and big, empty promises. The list of crooks is certainly not limited to brokers; marketing professionals dressed as service providers are trying to sell you mind-blowing returns. They possess no less danger than the old-fashioned bucket shops, and together they are creating havoc among untrained traders.
Where is the Regulation?
Whether you are trading Binary Options, CFD or Cryptocurrencies, you need to pay attention to who you are dealing with. In other words: Is your broker regulated by a financial authority? Ideally, your broker should be regulated in their country of residence, as well as yours. There are plenty of regulated brokerages, so I don’t see why you would trade with a sketchy, unregulated one.
The main regulators across the globe are Cyprus Securities and Exchange Commission (CYSEC), British Financial Conduct Authority (FCA), Australian Securities And Investments Commission (ASIC) and in the U.S. there’s the Commodity Futures Trading Commission (CFTC) and Financial Industry Regulatory Authority (FINRA). Other notable local regulators are the French AMF, Italian CONSOB and Germany’s BAFIN. Check the links above before giving your money to an unregulated broker!
Should I Open an Account?
Online Trading is sometimes a simplified trading method that requires thinking and strategy, and could generate very high returns in a very short time. Our team is here to help you better understand the differences between unreliable and untrusted brokers by pointing out the dark side of the different brokers, so that everyone could choose the right broker for them.
We’re proud to be the first and ONLY objective Brokers community website, where we not only help you learn about trading but expose the scam-artists you need to stay away from. We’re proud to be copied by hundreds of fake websites who use our good reputation to fish potential clients, just as much as we’re ashamed of their poor judgment. They’re hunting clients using big words like scam or fraud, yet they’ll point naïve traders at all the wrong places. With your help, we’ve managed to review hundreds of brokers, signal services, autotraders, robots and other related products, and keep doing so. We’re sure that only together we can trade and enjoy trading safely!
Remember – Even the Best Brokers Suck Sometimes.