The News: The Mission, OptionsXO Gets Approved, New Regulations and More

ThatSucks.com (former BinaryOptionsThatSuck.com) Reestablishes Its Mission

Nothing has changed but the editors want to take a minute to reestablish the mission of the website. The goal, first and foremost, is to uncover binary options scams and to educate traders. This is a task that the staff has been undertaking since the websites inception and will continue to do into the future. No scam is too small and no subject to minute for us to handle. All levels of traders are represented and the site is not limited to simply uncovering what you don’t want to do. Time is taken to put the stars on their well deserved pedestals so they can get the accolades they deserve.

Keeping track of the ever changing and loosely regulated world of binary options is a never ending task. We are constantly updating our reviews, adding tools and strategies along with articles on every subject relating to trading, traders or the industry. Check back often as new articles are added daily including updates to regulations, new brokers and the latest scams. If there is ever any topic you want covered and can’t find on the main site the forum is the next best thing. Traders of all levels are present discussing topics presented on the main site and many others.

OptionsXO.com Gets Approved!

OptionsXO is open under new management and approved by BOTS. The broker has a history of shady dealing but that has all changed. New management, Omni Capital LTD, headquartered in the Marshall Islands, is resurrecting the brand and like a phoenix from the ashes is rising to new fame. Among other changes the broker is willing to settle old claims provided documentation can be provided. This is perhaps due to two things. First, it helps clear the air so they can move forward as a trusted broker and second, it will surely look good in the eyes of regulators as regulation is pending.

The broker is built on the TechFinancials platform and offers high/low, over/under, range and touch/no touch options with short and long term expiry. Minimum deposit is only $200 with a $25 minimum trade amount. Early closure, roll-over and double-up features are available. Enhanced returns may be the most attractive feature of OptionsXO. VIP account holders with a minimum deposit of $2,500 can get enhanced returns on trade of +2-+4%. Be on the lookout for more news on this broker as it gets closer to achieving regulated status. Regardless, new management, impending regulation and their quest to operate as a top rated broker has earned them approved status with us.

For the complete OptionsXO Review Here.

10Trade Strictly Regulated

10Trade has reached approved status too, but it’s not a broker for everyone. They are CySEC licensed, No. 248/14, and are upholding the strictest letter of the law. This is great for EU traders but sucks for everyone else. US Traders, Canadians, Japanese and many other traders will have to seek their fortunes elsewhere but no worries. 10Trade is SpotOption powered broker so you can rest assured you’ll be able to find another one just like it that will accept your countries’ traders.

This broker is located in Nicosia, Cyprus, and makes full use of the SpotOption platform. It does not support iFollow copy trading which I think is the only drawback. We know the platform is good so let’s talk about banking. Regulation means good banking so you know your deposit is safe. Skrill/MoneyBooker is available which means withdrawals will be really fast. Minimum deposit is only $200 with a $30 minimum withdrawal for credit cards! Bonuses are available and may come with a 20,30 or 40X trading volume requirement depending on the deal.

For the complete 10Trade Review Here