(Newswire.net — August 25, 2020) — The financial market has seen yet another acquisition in its media sector. FM LLC, one of the largest marketing service providers in the financial sector has purchased binaryoptionshub and rebranded it to forexbrokerslist.org in order to divert the attention of most traders in the industry from binary options as a whole.
For years binary options were the most popular financial asset in the industry, enticing millions of traders to pour funds and sometimes walk away with swathes of profits. However, it soon became apparent that binary options had absolutely nothing to do with the actual “art” of trading. The process looked more like a slot machine, where a trader would make the decision to either buy or sell and hope that he or she was right about it.
“It looked harmless when it first came out years ago. Most people weren’t even aware of what actual financial trading was at that time either, even confusing things like Forex and stock trading with it. But we know very well that professional traders spend 99% of their time on research and analysis and only 1% on actually placing the trades. Binary options promised a very short and quick way to get rich, which may be a tell-tale sign of a scam nowadays, but was an enticing proposition in the past.
What we tried to do with our acquisition was to somehow reduce the effect of binary options on the market. Even though most of the European Union has banned it completely, there are still markets that are open to it. While it’s legal somewhere, people will most definitely try to trade. Therefore, instead of completely removing it from the site, we just created the academy where we provide necessary information for safe and responsible trading. All we hope for is that somebody will benefit from our guides.”
-Giorgi Mikhelidze, Head of External Webpage Development at FM LLC.
Emphasis on knowledge
The primary objective of forexbrokerslist.org is to provide as much information on the financial regulation of different countries as possible. Their current list contains every continent but not every country.
FM LLC has assured the press that the development of content for the website is going to continue well into the future and will house information on legislation, regulation, and trustworthy financial service providers, or forex brokers as they’re better known as.
The new forexbrokerslist team comprises market experts and veteran traders who will not only provide tips for trading forex but also showcase the success stories of the most well-known traders.
All of these articles will be freely accessible for all traders or interested parties to read and learn from. The website is already live and rich with content.