Key option binary broker canada
A brokers regulatory status cannot guarantee 100 authenticity to its users, as several regulated brokers have indulged in financial frauds, while non-regulated brokers still continue to offer genuine and reliable binary options services. In the case of regulated brokers, the regulating authority is responsible for investigating claims of financial discrepancies and may issue several sanctions against regulated members, including hefty fines and termination of licenses.
However, traders investing in non-regulated brokers dont have the luxury of enjoying protection against any malpractices that may be perpetrated by a company towards its clients, which is why it is always preferable to invest in a regulated binary options broker. Of course, there may be exceptions, as there are countless non-regulated brokers that offer high-quality products to their clients, without any regulatory intervention.
Under normal circumstances, a regulated broker is far better than a non-regulated one, mainly due to the safety of the investments and the reduced conflict of interest between the broker and the trader.