Broker Name | Rank | Recommended to Trade ? | Broker Description and Special Advice | Account Opened | Account Closed | Currently Profitable/Max loss | Recommended for Banker's Nightmare? |
---|---|---|---|---|---|---|---|
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NA | Never |
Please do not trade! Banned by Feds but still operates outside the USA |
2004 | 2005 | Gross losses of approx. $15,000 | N/A |
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4 | Yes – 10% of trade capital |
Extremely risky but can be very profitable with shares and dividends. |
2010 | 2013 | Breakeven or small loss. Not trading currently. | No |
IQoption.com | 3 | Yes – 10 % of trade capital |
Allows several trade types (binary; forex). Appears to be a virtual trading machine. |
2015 | ~ | Profitable but (in general) only when using BN strategies | Yes (indirect assaults) |
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2 | Yes – 20 % of trade capital |
Profitable under certain conditions. Allows hedging leverage up to 888%. |
2014 | ~ | Partially (hedged since 05/2017). Max loss approx. $45,000 | Yes (Especially Direct Assaults) |
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1 | Yes - 60 % of trade capital |
Profitable for most trading and low leverage (50:1) |
2014 | ~ | Yes / Max Loss (Due to User Error) $2500 USD | Yes |