2020 Binary was a binary options broker that started in June 2015. They are operated by SKYE Ltd, which is located at 63 Strandzha Str, Ground Floor, Office No. 2, Sofia, Bulgaria. Their phone number is USA: (646) 568-7737, United Kingdom: +44 203 808 7086.
Scam Trading Systems
Millions of people got those emails about new trading apps that “make money”.
WARNING: You will not make money using HBSwiss, or some other fake signal software.
The video you watched sounds good, but you should read how the scam works.
2020 Binary Review
The binary options trading platform that 2020 Binary is running on is called Hello Markets. There are about 55 different assets available for you to trade including; Forex, Commodities and Popular stocks. They have a nice selection of exotic currency pairs like the Israeli Shekel, Polish Zloty, Indian Rupee, Singaporean Dollar & Mexican Peso. Returns for the Euro Dollar binary options is 85%.
A unique feature of the Hello Markets platform is the way they present expiration time frames. A 10 minute option, expires at 10 minutes of the hour, and a one hour option expires on the hour. So for example, if it is 14:41 pm and you choose the 45 min option, the option will expire at 14:45 and not at 15:26. Their account types shows the smallest account requiring a €500 opening deposit, which is very high.
2020 Binary No License
When the Scam Broker Investigator researches and reviews new brokers to determine if they are legitimate or a scam, we look for a license. Traders should always first check CySEC in Cyprus who is the largest regulatory body of brokers.
2020 Binary does not have a license.
On October 26th 2015, FINRA published an investor alert regarding offshore binary options brokers. Read the alert on FINRA’s website here. To see an updated list of licensed and regulated brokers, look here.
Compare 2020 Binary
You have many brokers to choose from, just look at the Best Brokers list.
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.”