This is not a reliable broker

We could not forward you to that broker — and that is deliberate. The link you followed pointed to a binary options brand that has either ceased operating, lost its licence, or accumulated enough substantiated complaints that we stopped sending traffic to it.

EasyBinaryOption has covered this industry since 2012. In that time a great many brands appeared, took deposits, and disappeared again. Several were shut down by regulators; a few resurfaced later under a new name and a new domain.

What went wrong with these brokers

The complaints that reached us over the years fell into a small number of recurring patterns:

• Withdrawals that never arrive. Deposits clear in minutes; withdrawal requests sit in “processing” for weeks, then get cancelled on a documentation technicality.
• Bonus terms used as a lock. A deposit bonus carries a turnover requirement large enough that the balance can, in practice, never be withdrawn. Japan’s regulator banned binary options bonuses outright for precisely this reason.
• “Account managers” who trade for you. Someone calls, builds rapport, then talks the client into progressively larger positions. This is the pattern regulators actually prosecute, and it is not a service — it is a sales floor.
• Platform pricing nobody can audit. When the broker is also the counterparty and the price feed is its own, an expiry that lands one pip against you cannot be checked by anyone.
• Recovery-room follow-ups. After the loss, a second outfit makes contact offering to recover the funds for an upfront fee. It is the same list being worked twice.

Sometimes the underlying problem was simpler: the money had gone to an unlicensed offshore entity with no supervisory authority behind it and therefore no route to recover anything.

Three checks worth more than any review

1. Verify the licence at the regulator, not on the broker’s site. Every serious authority publishes a searchable register. A licence number quoted only in a website footer proves nothing, and a “registration” in an offshore company registry is not financial supervision.
2. Identify the legal entity that would hold your money. Groups routinely run a licensed entity for one product and an unregulated offshore entity for binary options. The brand on the homepage tells you nothing about which one appears on your client agreement — read the agreement.
3. Check your own jurisdiction before anything else. Binary options are prohibited for retail clients across the EEA (ESMA, 2018), the UK (FCA, 2019), Australia (ASIC, 2021), Canada and Israel. Several regulators also publish alert lists naming individual platforms — among them the Reserve Bank of India and Brazil’s CVM, which issued stop orders against 24 platforms in November 2025.

Where to go from here

If you were researching a specific broker, start with the regulatory position in your own country rather than with the broker’s marketing:

• How binary options regulation works — what a licence covers and what it does not
• Scam patterns and how to verify a licence
• How to choose a broker
• How brokers make money — why the counterparty structure matters
• Broker overview

Frequently asked questions

Why did you remove the link instead of leaving it up?
Because the link earned us money on every click. Leaving it in place while knowing the complaint record would have meant being paid to route people somewhere we would not send a friend.

Can I get my deposit back?
It depends on how you paid and where the broker sits. Card payments may be reversible through a chargeback, subject to your bank’s time limits. Bank transfers to an offshore entity are usually not recoverable. If the operator held a licence, the regulator’s complaints procedure or an investor compensation scheme may apply. Treat any unsolicited offer to recover the funds for an upfront fee as a second fraud.

Is the broker definitely a scam?
Not necessarily. Some of these brands simply closed down when regulation changed, without harming anyone. We do not distinguish between the two cases in a redirect, because the practical outcome for a new depositor is the same: there is no functioning, supervised counterparty at the other end.

Are binary options legal where I live?
Very possibly not. The product is banned for retail clients throughout the EEA, the UK, Australia, Canada and Israel, and is prohibited or unrecognised in India, Brazil, Indonesia, Vietnam, Pakistan and Russia. Japan and the United States permit it only in a specific regulated form — via FFAJ-licensed brokers with a two-hour minimum expiry, and via CFTC-designated exchanges respectively.

Risk warning: binary options are high-risk speculative instruments and most retail accounts lose money. Nothing on this page is investment advice or a recommendation to trade.