This Broker is Out of Business!
Another Scam Disappears
Barkley Capital was an unlicensed broker of binary options, that opened in April 2016. They are owned by J.O.N.A. Global Holdings Ltd. They are located at: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. Barkley Capital’s phone number is; United Kingdom: +44 203 318 1331. Their email is [email protected].
For trader complaints and withdrawal problems, read this.
Scam Trading Robots
WARNING: The video you watched is fake, and the software does not work, see why.
You should look at the various automated trading software listed here.
Barkley Capital does not allow you to use trading robots.
In section 18.2 of the terms and conditions it says;
If you integrate an automated or semi-automated device on the Barkley Capital browser or platform in lieu of your personal interaction or utilize a backdoor API; we will consider your activity system abuse and we will nullify your position or cancel your account with Barkley Capital.
In plain English they are telling you, If you make money using a trading software like Orion Code, they will cancel your account!
Barkley Capital Review
The binary options trading platform they use is a very plain one, with no advanced charting. It has a variety of options at fixed returns, like 70% for S&P 500 binary options. The multiple expiry times go from 60 second to hourly, daily, weekly, monthly and one year. The site is only available in English, and the small initial deposit requirement is $250.
The minimum withdrawal amount is $100, and there is a $42 withdrawal fee.
Barkley Capital Not Licensed
Every investor who trades binary options, compares the brokers based on if they have a license or not. This is the easiest way to differentiate a scam broker from a licensed broker. In Europe traders look for a CySEC license and in the United States a licensed from the CFTC. Barkley Capital does not have a license.
Warning: This broker is not licensed or regulated by the CFTC.
Read this to see why you should only use a licensed broker.
On October 26th 2015, FINRA published an investor alert regarding offshore binary options brokers. Read the alert on FINRA’s website here.
For the updated licensed broker list, look here.
Compare Barkley Capital
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What was your experience trading at Barkley Capital? Please share your review in the comments below.