Warning: Edgedale Finance is not licensed or regulated by the CFTC.
American should only trade at a CFTC licensed broker, read more.
Edgedale Finance is an unlicensed binary options broker that opened in January 2016. They are owned by: Gold Horizen Ltd which is located at: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960. Edgedale Finance’s phone number is; United Kingdom: +44 151 701 0666. Their email is firstname.lastname@example.org, for trader complaints see here.
Trading Robot Scam
You found Edgedale probably because you are using a fake trading app. If you care about your money, you will read the article: Binary Options Software Scam.
The most popular automated trading robot is from AutomatedBinary.com.
Edgedale Finance does not allow you to use an auto trading system.
On their terms and conditions page they wrote;
18.2 If you integrate an automated or semi-automated device on the Edgedale Finance 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 Edgedale Finance.
In plain English they are telling you that; if by some miracle you make a profit using the Tesler software, they will cancel your account.
Edgedale Finance Review
Like the binary options brokers Morton Finance & Glenridge Capital, they use a really basic trading platform. Their trading software has regular high/low binary options are multiple expiration time frames. Starting at 60, 90, 120 seconds, going out to daily, weekly, monthly and yearly options. The returns on EUR/USD options were only 70% which is really low.
Their website is only available in English, probably because they mostly target Americans.
Minimum deposit for new accounts is $250.
The first item to check when you see a new binary options broker is for a license. According to the SEC, a binary options broker in the United States must have a license from the CFTC and be registered with the NFA. Brokers in Europe are licensed and regulated by CySEC in Cyprus.
Edgedale Finance does not have a license.
The reason you should only use a licensed broker, is so that you will actually be able to withdraw your money when you want to, and they do not rip you off. For an updated list of licensed brokers, go here.
Compare Edgedale Finance
Nadex (read review) is the only licensed binary options exchange in America. Their advanced trading platform offers a variety of assets and returns as high as 500%. Visit Nadex.com and get a free $25,000 demo account.
On October 26th 2015, FINRA published an investor alert regarding offshore binary options brokers. Read the alert on FINRA’s website here.
What was your experience trading at Edgedale Finance?
Please share your review in the comments below.