|Blacklisted by the authorities||YES|
|Our Verdict||NOT TRUSTED|
Citrades Broker Details
Citrades is an unlicensed binary options broker owned by CIT investments Ltd and located at; Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands.
Their US phone number is (347) 753-8268.
Citrades email address is: [email protected]
They have 60 second options, pairs, one touch, and long term options.
To start trading, you need to deposit a minimum of $250 into your account. Each trade has a minimum size of $25.
What we look for in binary option brokers to determine if they are a LEGIT broker or a scam broker is very simple. Are they licensed by a serious regulation body such as the Cyprus Securities and Exchange Commission (CySEC) ?
Checking Citrades in January 2017, we found out that they do NOT have a broker license.
When you pick a binary options broker it is always important to check their regulation status in order to find a valid licence. Otherwise, you better stay away from it.