Best Of

[continuation]

We do agree with you that going with ESMA is a credible decision if you are a respectable EU regulated broker. As we are a new company, however, we never really got the chance to be a part of that process. First, we needed to start from somewhere, then (and currently) we need to work on building the reputation (as no one is born respectable, I'm sure you'd agree) and one day, why not. BUT at the very least we need to see how ESMA will evolve, as in three months it will be reevaluated. What if BO is banned in EU altogether as the next step? What would be the respectable thing to do then? Would moving off to the new world be a bad thing then, or is it just now? I'm not trying to ridicule in any way. My point is that the situation is very complicated and we shouldn't jump to conclusions. At the very least, establishing a new company in the EU exactly at the time when the entire industry might get shut down is poor planning, to say the least. If you are a business owner, I'm sure you'd agree with me.

Regarding the bad brokers,
Shady, scammy brokers do exist offshore, by all means, absolutely can't disagree with you there, but we are sure you will agree that good BO brokers also do exist offshore. I'm pretty sure I've seen members of this forum commenting that fact and giving positive reviews to such companies. Fingers crossed that we will be among them as well one day. As a matter of fact, shady scammy brokers existed in the EU as well for quite some time (maybe still do) and were among the biggest, won't you agree? So wouldn't it be fair to say that shady scammy brokers exist everywhere, regardless of regulation or region and people should always be careful no matter what license, or whatever is waved in front of their face?
At the end of the day, it is one's actions that set him apart, not where he is from, nor the color of the skin, right? Why should it be different for a company
I'm sorry if the above was annoying. It was not my intention. I'm just saying that all things considered in these turbulent times for the industry, we believe we have chosen the best possible starting jurisdiction.

With regards to: "You say retail traders need protections, but you offer none..."
We do offer read-only access to our online banking to account holders with big deposits and trading groups, so they can keep an eye on their funds and the fact that they are kept separate from the company's operating capital and NOT used to pay our bills. As it is quite expensive from an operations point of view, we can't offer it to every single trader with a 10$ deposit, but we are working on that as well.

It will be extremely helpful for us if you give us your suggestions as a professional, what would you like to see that would make you feel more protected?
As I mentioned before, we really do appreciate the current discussion (except for a certain web developer, but no one likes him anyway), as it can give us valuable feedback.
Please do not hesitate to send me a PM with any ideas regarding trader protection. What would make you feel protected? We are open to all ideas. At the end of the day, it is learning what people like/don't like about us that can help us improve and for that we all really do thank you!

With regards to: " ...and do offer the same old tricks to lure them into your platform. "
We develop all our offers together with traders and Affiliates, based on their demand. There is a demand for a trading bonus, so we talk to our regulars and we develop mutually agreeable conditions together. We think that is the best way to develop in this business.
Of course, if there is anything in particular that you don't like, please, by all means, give me your feedback and we'll discuss it at our weekly meetings. For example, this Month's Demo contest was completely redesigned based on the feedback of our most active participants. We really do take all of your feedback into consideration and we are quite thankful for it.

Additionally, when speaking of luring people onto certain platforms, we believe that the biggest source of public outrage in the EU came from the "automatically assigned bonuses", which went hand in hand with withdrawal restrictions.
http://www.thisismoney.co.uk/money/experts/article-2835857/TONY-HETHERINGTON-Banc-Binary-charges-750-withdraw-2-500.html Would you agree with us? One thing we would like to assure everyone from the get-go is that we never assign any restrictions-bearing promotions automatically to our traders. We stick to simple and easy to understand T&Cs and are always open to discussions and customization.

The_Geek, really, thank you for your comments! You've given us very interesting "food for thought". Keep on the good fight and we'll love your suggestions over PM, if you have the time, of course.
We hope one day we will be worthy of you, even though some of Cpt. Cook's crew were probably roasted on a stick and eaten by the natives within a three hundred mile radius of where our company is registered.

Sorry for the long post! There is a binary Potato on this link-> https://tinypotato2006.deviantart.com/art/Binary-Potato-697390741