{"id":4566,"date":"2019-12-17T21:07:20","date_gmt":"2019-12-17T21:07:20","guid":{"rendered":"https:\/\/trade-malaysia-option.com\/broker-hitam\/"},"modified":"2024-01-22T22:02:39","modified_gmt":"2024-01-22T22:02:39","slug":"broker-hitam","status":"publish","type":"post","link":"https:\/\/trade-malaysia-option.com\/en\/broker-hitam\/","title":{"rendered":"Black Broker \u2013 this broker should be better avoided"},"content":{"rendered":"

When trading with speculative financial products, it’s not just about the right strategy and good risk management.\u00a0The Choice of the right broker plays an important role.\u00a0In the past, unfortunately, some brokers have had serious problems.\u00a0Fortunately, there are also many suppliers who work carefully and seriously.\u00a0The following article tells you how to separate the wheat from the chaff and which brokers you should avoid.\u00a0Now open a trading account on IQ Options<\/span><\/span>\u00a0<\/span><\/p>\n

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What does good regulation mean?<\/span>
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Through the licensing of brokers by regulatory bodies and related supervision with this is to ensure that the rights of customers are respected and their data and money are well protected.\u00a0Protection against money laundering and fraud is also an important task of regulatory authorities.\u00a0However, the standards that brokers must adhere to when regulated by certain regulators are set by them and vary from authority to authority.\u00a0For this reason, it is important to look carefully at the authoritative authority, Although it is not a serious absolute guarantee, if the broker is controlled by a very reliable and strict authority, the broker has the authorization to offer its services and must comply with certain rules.<\/p>\n

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Here are the options trading options on IQ Options<\/p>\n

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Client funds are managed separately
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An important standard set by all European authorities and many non-European regulators is the separate management of client funds.\u00a0This is ultimately the client’s property and therefore cannot be used for other broker issues.\u00a0Therefore, brokers need to raise funds for advertising, administrative costs or other expenses elsewhere.\u00a0Customer deposits only serve to provide the necessary margin in trading.\u00a0This clear separation of funds makes it possible in many cases, even in the case of bankruptcy of the broker, to repay the funds to the client.\u00a0A good regulator also supports this case and pays attention to the correct resolution of the insolvency settlement and that the clients of the bankrupt broker receive their money.<\/p>\n

In addition to the fact that client funds are managed separately, it is also important where they are managed.\u00a0Again, it speaks for the broker, if it manages a financial institution to a high-ranking bank.<\/p>\n

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Inspectors are looking for evidence of price manipulation
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Handling the right trading price design is also one of the duties of a good regulator.\u00a0However, this is quite difficult especially with extensive market makers , as brokers in this case, the price itself and thus at least legally as a direct competitor of the client in the trade takes place.\u00a0A reputable vendor protects against potential trade losses by balancing all of its client’s trades through an automated process and placing trades in the opposite direction of positions that substitute with other vendors.\u00a0So the broker makes his profit solely from the trading fees he gets from the clients.<\/p>\n

However, by not hedging against trading losses directly against his clients in the financial market, but manipulating prices so that clients lose more money than they gain, it is possible for them to make higher profits.\u00a0To recognize fraud and will be punished accordingly, strict regulatory authority control , which price trends for all brokers are accurate.\u00a0If it comes to malpractice, this will continue.\u00a0If fraud is detected by price manipulation, the broker is facing high penalties and immediate withdrawal of the license.<\/p>\n

Now open a trading account on IQ Options<\/span><\/span>\u00a0<\/span><\/p>\n

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Risk warning on the broker’s website
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Warnings about the risks traded in speculative financial products such as forex, CFDs and binary options are also one of the provisions imposed by the regulator on the brokers allocated to them.<\/p>\n

Currently, by default, online broker websites point to a high risk of loss, which can extend the loss of the entire deposit.<\/p>\n

Although the goal of all brokers is to win customers and make money with trading fees, this cannot be done by pretending the facts.\u00a0By warning against the high risk of losing a speculative form of investment, it aims to prevent customers from logging into the broker with a misunderstanding and not being sufficiently informed about the high risk.<\/p>\n

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Also in the learning area of \u200b\u200bIQ broker options one points out the possible risks<\/p>\n<\/div>\n

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Is this form of investment suitable for the client?
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When opening a trading account, most brokers require not only personal information, such as name, address and phone number, but also information about the client’s financial situation and previous trading experience with financial products.\u00a0Although some traders may not make sense that when registering with an online broker, for example, what monthly income is earned and what products have been traded in the past, this information serves to protect the client.<\/p>\n

For regulators working for EU standards, this information is mandatory.\u00a0Potential customers, for whom the planned investment in the product offered clearly does not provide sufficient guarantees and is therefore not suitable, are not allowed to trade or at least discouraged from trading.\u00a0The broker hesitates to accept all clients at this point, because every trader is ultimately a profit for the broker.\u00a0With strict regulatory conditions is to ensure that profit is not the most important, but also that care is taken Traders are not affected by inappropriate investments financially damaging products that are not suitable for them.<\/p>\n

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Warning about \u201cOffshore Brokers\u201d<\/span><\/h3>\n

Some of the brokers active in the market are headquartered in distant Caribbean countries and are therefore regulated by local authorities.\u00a0The Seychelles, an archipelago off the east coast of Africa, is an ideal seat for financial service providers.\u00a0Although local authorities also impose some conditions that need to be addressed by regulators, these are often less stringent than EU or UK regulations.\u00a0Also, controls in many cases are less intense, so brokers who are dubious in the “offshore rules” have more opportunities for fraud.<\/p>\n

Although this does not mean that all brokers based in the Caribbean or Africa are automatically suspect.\u00a0However, the risk of getting the wrong broker is higher here than with brokers regulated by an agency in Europe.\u00a0Legal options for traders are also better with EU regulations than with so-called offshore brokers.\u00a0If it comes here for a claim against the broker, this does not need to be led to the end of the world, which is practically impossible for Traders.\u00a0For this reason, we only recommend brokers that are regulated by respected authorities and must therefore undergo regular strict controls.<\/p>\n

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There are many regulatory authorities in the EU.\u00a0The authority that regulates the provider depends on the country where its headquarters are located.<\/p>\n

Especially many EU brokers are regulated on the island of Cyprus by the responsible Cyprus Securities and Exchange Commission (CySEC).\u00a0This is because the tax conditions for financial services companies in Cyprus are very attractive.\u00a0However, strict EU directives also apply here.<\/p>\n

Malaysia-based brokers are regulated by the Federal Financial Supervisory Authority (BaFin).\u00a0However, there are hardly any Malaysian brokers, as other EU countries often offer financial benefits under the same regulatory conditions.\u00a0If the broker maintains a branch in Malaysia, however, it is usually regulated in several places by BaFin Malaysia.\u00a0Even without a Malaysian branch, many brokers are registered with BaFin.\u00a0However, this registration is not linked to any comprehensive regulation, and responsibility remains with the country of headquarters.<\/p>\n

EU brokers may also experience problems<\/u><\/p>\n

Although EU regulations follow high standards and aim to ensure the safety of binary options trading, there is no guarantee that they will not be problematic.\u00a0Unfortunately, in the past, regulators had to intervene with European brokers.\u00a0Although hedging usually works well, so when payment problems occur, customers usually get their money anyway.\u00a0But 100% protection against fraud or unfair business practices cannot be provided by EU regulations.\u00a0Therefore, traders should always pay attention and invest only with a lot of money with the broker they need without major problems.<\/p>\n

What to do if there is a problem with the broker?<\/u><\/p>\n

If there is a problem with the trade, for example, if the broker does not pay the account balance within a reasonable time, an explanation should first be attempted regarding the offer’s customer service.\u00a0If this doesn’t work, there are other places that can help traders.\u00a0Among other things, user centers know what is happening, what needs to be done.\u00a0There are also further complaints against brokers.\u00a0It is also possible to contact the relevant regulatory authority directly which can alert the broker to its obligations and, if necessary, take further action.\u00a0Especially when it comes to larger amounts, it is advisable to contact a lawyer in case of doubt.\u00a0For EU brokers, there is an advantage that lawsuits can be brought before Malaysian courts,<\/p>\n

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This broker is warned:<\/h3>\n

Below, we have compiled a list of brokers that we advise against registering and depositing for various reasons.<\/p>\n

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Banc de Binary:<\/u>\u00a0\u00a0Following several problems and complaints from investors, the broker voluntarily resigned in 2017, with a CySEC license, in anticipation of the license’s revocation.<\/p>\n

TopOption:<\/u>\u00a0Broker has been one of the leading online brokers for a while.\u00a0In the meantime, however, accusations of fraud and reports of problems with the reward, so that the broker can no longer be recommended.<\/p>\n

GrandOption:<\/u>\u00a0\u00a0The parent company of this broker, Rodeler Limited, was fined \u20ac156,000 by the CySEC controller for having problems in several ways.\u00a0Among other things, the regulator’s intervention involved unfair advertising, inadequate security, and the broker’s failure to respond to customer inquiries and complaints.<\/p>\n

ZoneOptions:<\/u>\u00a0\u00a0This Cyprus-based broker is also not recommended by us.<\/p>\n

CapitalOption:<\/u>\u00a0\u00a0Due to the lack of transparency and sometimes conflicting information on the website, this provider for trading binary options cannot be recommended.<\/p>\n

Option Winner:<\/u>\u00a0\u00a0Like the TopOption broker, Option Winner is also operated by the company\u00a0\u00a0Savecap Investments<\/em>\u00a0\u00a0and is therefore not recommended.<\/p>\n

OptionTrade: OptionTrade<\/u>\u00a0\u00a0broker was operational in October 2016 and is no longer available for binary options trading.<\/p>\n

Dukascopy:<\/u>\u00a0\u00a0This website is very confusing.\u00a0Hidden costs can arise when trading through this Swiss supplier.\u00a0In addition, Switzerland is not a member of the European Union, so complaining about legal issues is more complicated than EU-regulated brokers.<\/p>\n

OptionBit:<\/u>\u00a0\u00a0This broker was previously regulated by CySEC.\u00a0According to the OptionBit website, the broker is currently regulated by the island nation of Saint Vincent and the Grenadines and is therefore one of the offshore brokers, which caution is required for the reasons mentioned above.<\/p>\n

Algobit:<\/u>\u00a0\u00a0Algobit is not a broker but a trading tool that identifies trade signals and gives traders a recommendation on when to place trades.\u00a0Since Algobit is offered by the OptionBit broker, which is on our broker’s blacklist, as a result the use of this tool is also not recommended.<\/p>\n

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General terms and conditions of the broker<\/span><\/h3>\n

Before registering with a binary options broker, prospective clients should read the provider’s terms and conditions completely and register and deposit money if there is no further uncertainty about the exact terms.<\/p>\n

Note whether the broker restricts your rights as a trader with certain clauses.\u00a0In the past, for example, individual brokers often had problems with payments because certain conditions had to be met first.<\/p>\n

If you have read and fully understood the terms and conditions of the broker and you fully agree with them, you need to register.<\/p>\n

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Even without the broker’s fault, it can lead to high losses<\/span><\/h3>\n

Even with a reputable online broker there is no protection against loss.\u00a0Of course it is recommended to pay attention to good rules.\u00a0But even if the broker meets all the requirements and works seriously, binary options, forex and CFDs pose a high risk.\u00a0It is a highly speculative form of investment where profits and losses are subject to high volatility, even with extensive professional price analysis.\u00a0Traders should always be aware of this and consider the money invested as venture capital.\u00a0For example, a common mistake that beginners make is that they invest too much money in one position.\u00a0On oneGood risk management always uses only a small percentage of the total credit per trade.\u00a0Therefore,<\/p>\n

Also on the financing responsibility , which consists of many brokers for Forex and CFD, traders should be aware.\u00a0Although the position is usually closed quickly when the required margin is no longer available, with very volatile prices, it can happen that this automatic closing can only happen after a big price jump and the trader loses more money than in his trading account.\u00a0In this case, a new deposit is required to create a negative balance.\u00a0To avoid this risk, it is possible to deliberately choose a broker that explicitly does not include margin conditions in its terms and conditions,<\/p>\n

Now open a trading account on IQ Options<\/span><\/span>\u00a0<\/span><\/p>\n

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When trading with speculative financial products, it’s not just about the right strategy and good risk management.\u00a0The Choice of the right broker plays an important role.\u00a0In the past, unfortunately, some brokers have had serious problems.\u00a0Fortunately, […]<\/p>\n","protected":false},"author":1,"featured_media":3418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103],"tags":[111,128,107,108],"class_list":["post-4566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-panduan-en","tag-broker-en","tag-broker-hitam-en","tag-pilihan-binari-en","tag-pilihan-iq-en"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts\/4566"}],"collection":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/comments?post=4566"}],"version-history":[{"count":3,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts\/4566\/revisions"}],"predecessor-version":[{"id":4830,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts\/4566\/revisions\/4830"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/media\/3418"}],"wp:attachment":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/media?parent=4566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/categories?post=4566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/tags?post=4566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}