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  • Can binary brokers ever ban you if you trade too successfully

    As a newbie to the world of binary options trading I've been watching many you tube video's lately on the subject as well as reading through the various posts on this forum. I recently watched a beginning series linked from this site about how most binary options brokers operate. How I understand it is that if you win a trade the profit comes directly out of the brokers pocket, likewise if you lose a trade then the broker pockets your money you placed on the trade

    My question is this..
    If, like many of the experienced traders here you are regularly bringing in a steady profit with a trading success rate of say 75% or above does anyone ever get kicked/banned by the brokers? After all if you are making a steady profit then the broker is making a steady loss on you. Or, do brokers let this go to avoid bad publicity and seeing as they are making bigger profits elsewhere on other users who aren't trading as successfully

  • #2
    Hi Ryan, I really doubt that you can be banned from your broker for successful trades. I mean, after all, that's the reason why you invested in the first place. But for your broker to go ahead and ban you for this reason is absolutely wrong and it would definitely show the legitimacy of your broker. It can be seen as a form of Binary Options scam and it points out that all they want to do is make money and rip off their clients. Hope I have answered your question.

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    • #3
      I guess no, basically a decent and honest brokers will NOT BAN its successful traders unless their TOS are broken. Foul play can only done by bad broker in my opinion.

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      • #4
        I don't think that online brokers have the right to ban you if you are trading too successfully with their platform. You just need to carefully track your money so you won't get scam in the end.

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        • #5
          I think that if you do not break the rules, there is no

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          • #6
            I usually spread the money between 5 brokers.. Just in case..

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            • #7
              Probably if the broker is a scam but with the regulated or trusted ones, I don't believe so.

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              • #8
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                • #9
                  Yes but only scam brokers can do that especially when they keep asking you to make more deposit and you're not coming up with the required fee.
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                  • #10
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                    • #11
                      It is possible for a scam broker to ban you if your trades are successful. However, for a legit regulated broker, you can never be banned unless you fail to adhere to there standards. After all, isn't your broker benefitting from your success as well?

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                      • #12
                        You make profits by trading, your broker makes profit from transaction costs. It is therefore not legit for a broker to ban you simply because you are making constant profits. In fact, a good broker should encourage you to win

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                        • #13
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                          • #14

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