RBOptions.com Leigh Mckenzie RBOptions.com Scam, Steal Credit Card, Steal Personal Info, and Money | Will not refund Ontario Internet

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I agree with the complainant.  I too got suckered into one of their plans where they "professionally manage" your account.  The first week showed extraordinary winning percentages.  After the first week, when I said that I had no more money to invest, all of a sudden virtually all trades were losers.  No way to get the money back because I fell for the line that certain trades were guaranteed.  Now they just give me indicators of bad trade after bad trade, knowing that my account will eventually be wiped-out with no recourse.

I discussed what their business model was with one of their managers.  What I was able to determine was that they are essentially operating a casino.  Your deposits are paying their salaries.  They aren't earning any commission from trades.  The trades are just coming out of the house bank account.  They use the prices from the markets to determine "wins" and "losses" instead of using cards, dice, or roulette wheels as a normal casino would.  No trades are placed on any exchanges, contrary to what their "brokers" say.  Trusting your broker to make decisions on market prices is like trusting the casino dealer to play your card hand.  I believe most of the binary brokers operate like this and some, in fact, actually have casino licenses.

Other binary options companies will simply fold up after a while and disappear with all deposits -- essentially just operating as Bernie Madoff did.

I believe the only way to really succeed with these companies is to make sure you don't get into any "bonus" plan and keep your account size small.  If you make money, pull it out immediately before you put on any other trades.  That way, the most you will lose is your (hopefully) small deposit money. If you have a large balance, they will make sure that they find a way to keep you from ever seeing your money again.  Just keep in mind that they are keeping the 20% (or so) of every win and keep the full amount of each loss.  Large deposits are gravy to them which is why they try so hard to hit you up for more deposit money all the time.

The financial regulator in Ontario (Canadian province), the CSO, which is one of the regulators that are partners of the BCSC ( British Colombia regulator), another Canadian regulator that has recently issued a warning against the Cedar Finance broker, in the same way that CySEC (European regulator) and the AMF (French regulator), has just launched a warning against the RBOptions binary options broker. In an official statement on its website, the Ontario regulator (Ontario Securities Commission) declared that the company to which RBOptions belongs (www.rboptions.com) is not authorized or registered with regulators and does not have any authorization enabling it to carry out its business activities on Canadian soil. The activities of the latter are not consistent with Canadian financial regulations and consequently in the eyes of the law it can not provide services to local individual traders, encouraging them to invest, buy or sell financial products.

I have just noticed this.  Had I seen this I would never invested so much with RBOptions.  The company consistently gives false trades with a view to clientele making a loss.  Initially they may give you one or two good signals, but then they turn foul.  Best not invest too much as you could get burned 

There are 2 types of Binary Option Brokers, those who are regulated and those who are not.

American traders of Binary Options have a couple of options when it comes to Binary Option Brokers, regulated by CySEC that accept America traders. The Binary Options Exchange keeps an updated page about regulated binary options at: http://www.binaryex.com/regulated-binary-options/

International traders should also check who is regulated and use someone regulated in Cyprus, England or one of the EU countries that regulate binary option broker.

Disclaimer: 

I, the author am writing about my opinions on the company. They are not exagerations, they are opinions on which you may or may not agree with. However, many of the opinions mentioned in this writing may or may not be backed by actually proof. I do not intend this to cause harm to anyone, my intention is to excercise my right to freedom of speech.