The bitter truth about STBinary (Smith and Taylor)

The bitter truth about STBinary (Smith and Taylor)

This binary options broker appeared at the market not long time ago, in 2016. STBinary uses binary platform that is called AirSoft. This trading system is becoming more popular, as many brokers have started using it. They have over 200 assets available including many Forex pairs, Stocks, Commodities and Market Indexes. Returns are about 86%. As this company is a global brokerage firm, its site is in different languages like English, Italian and Russian. So this means it has clients in many countries. But there is one thing that you should remember. A lot of skilled traders are informed about the online trading from brokers’ advertising campaigns or from their partners. If you are new here, there will be always a chance that scam brokers may deceive you and get your money.

 

How Does STBinary Work?

Some specialists did a research and found out that this company has a simple scheme of fraud. People register at the broker and place their real money. Then, to them, the bonus without their permission is charged. This bonus allows making so that people had no opportunity to fulfil it and to withdraw the money. Managers under any pretext, try to achieve only one – as much as possible to squeeze out all the money from the client. On a result how many money clients wouldn’t place on a deposit what to you wouldn’t be promised, all of them won’t be able equally to remove any cent.

Few Words About Regulation

Those specialists also found out that STBinary does not have a license. This is an important fact when you are searching for a right broker because it means that the company takes all the money and doesn’t pay the government taxes. And that means that there is a chance that your money will be lost and they won’t be returned.

Also, this binary broker is working in different countries, like Cyprus, America and Australia. And many of their clients write bad comments about losing their money.

Final Argument

The website of the broker Binary ST is in blacklists. Such decision is caused by negative responses from traders and lack of reliable regulation. Work on this platform is connected with the increased risks of loss of means as a result of slipping of transactions, incorrect signals and other deliberate and inadvertent negative events.

The broker Binary ST works without regulation therefore in case of problems with nonpayment of means the probability of the positive decision in favour of the trader is minimum. Besides, it is possible to lose not only the earned profit but also an initial deposit. At thematic forums responses in which it is reported about serious losses of means are placed.

Conclusion

The opening of the trading account on this platform isn’t recommended. Risks are rather high, and the probability of receiving profit is quite small. Therefore to avoid the emergence of disputed issues and problems with payments, it is better to choose another broker for work and not to agree to any offers of bonuses and other encouragement from the broker. So be careful and if you choose the broker, find as much information as you can. This will save your money and nerves.

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