Scam Killers in Binary Options Trading

    TEL AVIV, ISRAEL, November 12, 2012 /24-7PressRelease/ -- Binary options trading is probably the hottest trading vehicle on the planet these days but many are asking themselves what will be the future of this newcomer. Financial markets are riddled with scams, schemes and otherwise bad behaving broker so what does this means for binary options in 2013? After years of forex prominence, binary options trading has made a serious name for itself and with much news surrounding the industry, we take a closer look at what is in store for the industry.

For starters, the industry has been unregulated thus far in its brief history and 2013 promises to bring in major changes in this regard. Many complaints about brokers have surfaced, primarily attributed to the fact that the industry is unregulated with no corporate oversight. As such, starting in the first quarter of 2013, the regulatory body of Cyprus will be overseeing the companies seeking to do business in Europe.

What this means is that traders will have less to be concerned about when opening an account. This is due to the fact that regulators will demand that customers are made aware of the risks associated with trading as well as providing insurance for bankruptcy.

This is a net good for the industry and more importantly, traders will be able to open accounts at regulated brokers. The other major change to be expected in the coming year is features. Binary options trading, already rather simple for any trader type, will be soon to see all new binary option types and platform features. It has already been reported that binary options traders will be able to utilize trade copying; a means of allowing a trader to choose your next trade and basically giving the reigns of your trading account to a profitable trader.

All this and much more to following in 2013.

www.WHYOPTIONS.com is a binary options portal, dedicated to the industry, its news as well as broker reviews and market analysis. David Fielder, the chief editor of the portal, provides nearly 15 years of trading experience and 3 years of binary options trading experience to each and every article. Whether reviewing a particular brokerage, reporting on new features and tools, or simply warning traders about problematic brokers, the portal defines itself as the first stop for every trader in the binary options industry.

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