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The fact that they are a regulated system is the primary reason that 79Option was added to the official list of “non-scam” brokers. However, this does not necessarily that they do not have some issues. Even regulated brokers can have their cons.
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Currently, there are two main regulatory bodies for all binary options and Forex brokers in the United States. The two bodies are the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). According to the current regulations, it is not illegal for any broker to accept traders who are based in the United States.
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67. Payout of Maximum Percentage – Dependable brokers offer their clients maximum payout percentage. Search for trade option platforms that present between 75 to 96 percent payout and even the unsuccessful trades will generate about a 5 to 65 percent return to investors.
It is not unusual for traders to sign with Finpari as many brokers prefer to register in countries such as Seychelles as they are banking friendly and thus can avoid the stricter standards set in place by organisations such as CySEC.
As well, the withdrawal process with this platform is both fast and secure. Clients have the ability to request to withdraw their funds at any time. The withdrawal request is then process by OFM’s Compliance Department and may take up to 5 business days to process. There is an additional 7 to 8 days for those funds that are to be tendered to the bank account or credit card that applies for this process. The minimum amount for withdrawal is $655.
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The only small drawback of 79Option is that they no longer serve residents of the US due to regulation. This is good news for EU clients, but a bitter disappointment for those who reside in the US. Also, since the company has registered with CySec, their average return has decreased by 7%. However, the licensing itself is a major plus. Despite this, they still have returns as high as 88% per successful trade so this still bodes well for traders.