Is Binary Capital Markets a Scam or Legit

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Is Binary Capital Markets a Scam or Legit Binary Options Broker?

One of the most frequent questions that usually occurs in binary options world is the query about whether the broker is a scam or not. In this article, we will try to answer if Binary Capital Markets broker is considered a safe broker or if it has some shady facts that could point that it is a scam.

It is always hard to answer this kind of question because you never know the experience of every client that has registered with the broker and what was his opinion about it. The only argument that can be found about Binary Capital Markets is the information on regulatory pages and eventual discussions of traders that had traded with this broker.

Is Binary Capital Markets a Scam Broker?

As already said, it is very hard to claim if certain brokerage company is a scam if there is no validated evidence about it. As far as we know, Binary Capital Markets is licensed by a well known CySEC regulator and it holds a license number 293/16. Besides the CySEC, the broker is a proud owner of several regulations bodies like FCA, BaFin and CONSOB. The fact that a broker owns a license doesn’t need to mean that we talk about a reliable broker. In this case, we have been searching for eventual information about complaints that might be submitted by their clients.

We haven’t found any evidence that might lead to the fact that Binary Capital Markets is a scam broker. According to the CySEC, there is a vast amount of rules and obligations that have to be followed in order for the broker to stay regulated. This includes various regulatory documents that are putting the clients in front of the brokers and trying to protect their investments and personal documents. The regulation status of Binary Capital Markets can imply that traders can be more comfortable while they trade with this broker.

Does Binary Capital Markets Provides Transparent Data?

According to the CySEC regulations, every broker has to provide correct and transparent information about the company, its services and terms, and conditions. In Binary Capital Markets case, we have visited their official website and checked if the broker has provided traders with all necessary information.

We have found that Binary Capital Markets points out their legal information on the main page with detailed information about their business policy and regulations they follow. Besides that, the broker provides all clients and those who are still not registered with Binary Capital Markets about the owner of the company and its headquarters. According to the Binary Capital Markets, we have found out that it is owned and operated by G.S.E Golden Sky Europe Limited which is registered in Cyprus.

Another important fact that is usually connected with reliable brokerage companies is the information that their activities are supervised by several regulators located in European Union members like Austria, Denmark, UK, Germany, Norway, Sweden, and others.

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Binary Capital Markets also complies with relevant laws, regulations, and requirements that are the subject to the approval of very important MiFID regulative.

All those regulators have the same goal and it is protecting the trader. Besides security reasons, regulators also try to withhold that Binary Capital Markets brand withholds the quality of their services.

Binary Capital Markets Provides Clear Trading Policy Documents?

Another important fact that could point that Binary Capital Markets is not a scam broker could be a very clear overview over their trading policy documents. We have researched their policy, terms and conditions and various procedures that help their clients to understand the way this broker operates.

Among vast amount of documents we have found that Binary Capital Markets provides strict information about:

  • Investor compensation fund
  • Risk disclosure
  • Remuneration Policy
  • Conflicts of interest
  • General Terms and conditions
  • Withdrawal policy
  • Risk disclosure

Binary Capital Markets Professional Customer Support Team

After a deep research about Binary Capital Markets, we have decided to contact their customer support live to chat to check if their agents provide traders with correct information. We have asked several questions and their agents provided us with prompt and professional information, which is a great benefit for all traders.

Opening Account with Binary Capital Markets

Before a trader decides to open the account with Binary Capital Markets, he should be informed about all the mentioned facts. Trading binary options have its pros but it also has its cons. Binary industry brings so many opportunities for traders, but only if they choose the right broker.

There is a huge number of brokers that have scammed their clients and took their money away. In order to avoid situations like that, traders should always check if the broker is reliable and trustworthy. On our site, we try to provide as much useful information about every broker we review.

There are a lot of inexperienced traders that are not aware that choosing the broker is the most important key to the success. After reading our Binary Capital Markets review, traders might be interested in checking the legal information about the broker, which can be found on their site. Traders should read terms and conditions and be aware of their obligations too.

Binary Capital Markets Verified Payment Methods

One of the last things that might tell us if Binary Capital Markets is a scam broker or not are the bank providers that are on trader’s disposal. According to their site, Binary Capital Markets provides payments with a reliable and trustworthy credit card providers and E-Wallets like Visa, MasterCard, Skrill/Moneybookers, paysafecard, Neteller, Sofort and Bitcoin.

Making payments through reliable sources is very important with every online transaction. In order for a payment to be safe, Binary Capital Markets has also secured their website with a classic SSL encryption in order to protect their client’s information. This has become the default way of protecting the clients.

We hope that you have found all important facts that will help you decide if Binary Capital Markets is a scam broker. According to above mentioned, there is a high chance that trading with this broker includes safe trading in accordance with regulatory laws and standards as they have regulated status with several regulators.

Is Binary Capital Markets BCM a Scam?

Is Binary Capital Markets BCM a Scam?

A fairly recent addition to the market, Binary Capital Markets, also known as BCM, is a broker that guarantees a tremendous trading experience. Operating from Cyprus, it features great platform design, various banking methods and versatile account packages. Although the offer sounds tempting, the question remains whether this broker is actually safe to trade with. Having second thoughts about trading with BCM? That’s all right; it’s perfectly natural to be careful when dealing with a new broker. However, our experts have conducted a series of advanced security tests and came to a surprising conclusion. If you want to learn more, just keep reading this “Is Binary Capital Markets BCM a Scam?” article and all your questions will be answered!

Is Binary Capital Markets BCM a Scam? | Regulation

If we really want to know is Binary Capital Markets BCM a scam broker or not, we should try to find out if this company is regulated in any way. Fortunately, given the fact that the company headquarters are situated in Cyprus, it abides to regulations defined by CySEC. Also known as the Cyprus Securities and Exchange Commission, this regulatory body provides procedures and rulebooks to which all brokerage companies operating from Cyprus must comply. This guarantees that trading options will always be up to date, with reasonable return rates for chosen investments. Furthermore, it also regulates the broker’s banking policy, meaning that your funds will be perfectly safe when transferred to your Binary Capital Markets BCM Account. More importantly, it ensures that all your earnings will be sent back to your bank account in a fixed time span. Therefore, we really haven’t found any issues regarding this topic, as it is quite clear that this broker is completely legit in this respect. But is Binary Capital Markets BCM a scam when it comes to some other features? Keep on reading and find out the truth!

Binary Capital Markets BCM Legal Information

Is Binary Capital Markets BCM a Scam? | Trading Interface

Since we have already covered the regulation aspect, the following part of this “Is Binary Capital Markets BCM a Scam?” analysis will cover the security of the broker’s trading platform. Here we must state that BCM has obviously invested quite a lot of time and effort in the platform’s design and functionality. What we have here is an ingeniously designed trading interface that’s fast, slick, responsive and easy to understand. Clients can trade with more than 70 assets, and payouts can reach up to 90%, which is great. Doesn’t this sound too good to be true? Is there a catch? Fortunately, we can put your mind at ease, as this platform is nothing if not completely safe. We have executed many trades with various assets and in all trading modes, and we haven’t encountered any sign of fraud whatsoever. Moreover, Binary Capital Markets BCM Demo Account is provided to you the moment you register with this broker. Scammers would never let you try their platform without investing, as their basic modus operandi is to trick you in depositing, then deactivating your account and stealing your money. We give you our word that this will never happen with BinaryCM, so you can trade here without having second thoughts. But what about deposits and withdrawals? Is Binary Capital Markets BCM a scam in terms of banking? Read on and see for yourself!

Binary Capital Markets BCM Compliance

Is Binary Capital Markets BCM a Scam? | Support

Scammers will leave you helpless if (when) you encounter any problems during your trading sessions with them. Therefore, we wanted to check is Binary Capital Markets BCM a scam when it comes to customer support. We’re happy to say that BinaryCM has once again proven its reliability. Their support team can be contacted via phone, e-mail or by using the embedded chat application. All our queries were answered almost instantly, demonstrating clear and professional approach to clients. From our own experience, if you happen to encounter any kind of issue while trading with BCM, this exquisite support team will fix it for you in no time. Also, if you need any more information about this broker, feel free to consult our Binary Capital Markets BCM Review 2020. Now that the situation is pretty clear, it’s time to wrap things up here.

Binary Capital Markets BCM Contact

Is Binary Capital Markets BCM a Scam? | Conclusion

For all those wondering is Binary Capital Markets BCM a scam broker, we have only one answer – not at all. This company has proven its legitimacy and security on multiple occasions, and everything from trading platform all the way to customer support checks out. Therefore, we can honestly recommend you to start trading with this promising broker. Go on, open a free trading account right now and team up with a great and reliable partner!

SM Capital Markets Review: Is It A Legit Forex Broker?

Smcapitalmarkets.com Review: this is the name of a Forex broker that claims to be located in Cyprus. Is SM Capital Markets a scam or legit Forex broker?

While going through the website, the broker claims to be based in the Cyprus. As we are well aware, all Forex brokers based in Cyprus are to hold licenses from the CySEC. This is mandatory for any legal broker there. We find that SM Capital Markets is not among the list of Forex brokers regulated by Cyprus Securities and Exchange Commission (CySEC).

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Asides the fact that the brokerage promises that it charges no fees and commissions we find not much else. Clients are also assured that they will make profit while trading with the company.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

SM Capital Markets Trading Platform

There is no mention of the trading platform used by the broker. Some offer web based platform which are not compatible with many automatic trading software. This is why it is important to announce which one is used.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are not listed which is quite surprising. This is not advisable for brokerages. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverages offered are not mentioned and while some may be generous, it can pose danger as well. High leverages can lead to huge loss of funds as well. Spreads are not stated as well, and traders will like to be aware of this if they are to consider trading with the broker.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on SM Capital Markets

The means of making payments and withdrawals are not stated also. We find that of e-Wallets are likely to be missing, which is discouraging.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is not mentioned. It is difficult to know if it is within the obtainable average of $100 – $250 among brokers. Withdrawal charges are not stated for this broker. Sometimes it is better to mention if they apply or not. We do not even find any terms and conditions; this is a shady thing. Traders are expected to sign up for something with unclear conditions.

Like we stated, there are no commissions charged for trading with this broker, but this is not encouraging enough.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is SM Capital Markets Licensed?

No. We could not find anything to prove that SM Capital Markets is a duly registered broker. Since it is not licensed, it is risky to opt to trade with it. It is unwise to trade with unlicensed brokers because they do not have any obligation to be fair to their clients. Misappropriated funds may prove difficult to be recovered.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

There is no means of contacting the Forex broker provided on the page. This makes the image look worse because traders usually want to be able to reach their brokers.

Conclusion

We are not satisfied with the lack of information on the page. It is not common for legit brokers to have this amount of details missing. Thus, we do not recommend this broker to our readers.

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