To start trading binary options with confidence, it is important to turn to a reliable broker. Indeed, you will deposit money there and also earn certain amounts. Not to mention the private information you will share. Your broker must then ensure the security and confidentiality of your transactions. So how are they insured?
The security of your money
The first thing a good binary options broker must guarantee is the security of your money. You need to be confident that the amounts you are going to deposit and win are in safe hands. To ensure this, check that the broker is indeed regulated by the competent bodies. In particular, the approval of the AMF or Autorité des Marchés Financiers is essential.
As well as the licence issued by the Cypriot regulator CySEC, which requires that traders’ deposits be strictly protected. More specifically, this organization advocates the implementation of account segregation, clearly separating broker’s funds from those of clients. In this way, customer money remains intact in the event of the operator’s bankruptcy.
Confidentiality of personal information
Beyond data security, a trusted broker must also ensure the confidentiality of his clients’ personal data. It should be noted, once again, that this criterion is also among the requirements of regulatory bodies.
It is interesting to note that it is possible to verify that an online broker ensures the security of private information. To do this, you should check for a closed padlock or key (depending on the browser used) when you start transactions through your trading account. To check that security is guaranteed, you can double-click on the key or closed padlock to display a digital certificate.
To trade in the best possible conditions, the online broker you choose must guarantee the security of all your transactions. In particular, he must provide proof of the “EV SSL” verification certificate. This is a label recognized worldwide and attests that the broker makes available to a reliable site and that it has been the subject of thorough checks.
With a broker who holds this certificate as BDSwiss, traders can speculate safely as long as they are protected from fraudulent schemes such as phishing. Thanks to this security measure, transactions are carried out in a reliable environment: you are not afraid that your information and money will be stolen by criminals through a hacking act.