Binary Option Brokers can now be Scored on Bugscore

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Many binary option brokerages do not undergo regulation requirements and may perform suspect practices. Bugscore Ltd. now offers crowd-sourced scoring of these companies in an effort to encourage transparency.

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The industry is very lucrative and is taking share from more traditional forms of investing such as: equities, fixed income, commodities, and currencies. However, transparency remains a problem.

Bugscore Ltd., a UK based consumer opinion company, is now entering the multi-billion dollar binary options industry. The aim is to bring a reliable and independent reputation management and certification service to the sector. Through its successful giant scoring platform at http://www.bugscore.com, consumers are able to score any business, person, or product.

The number of binary option brokerages has increased greatly, at 50-80 p.a. and there has not been a third party platform in which to evaluate the brokers. Only a handful of the businesses have regulation, typically provided by the Cyprus Securities Exchange and Commission (CySEC) while some broker practices remain questionable. For instance, this year Banc De Binary was investigated by the CFTC in the United States and CySEC has fined other financial institutions that specialize in binary options for their suspect practices. “The industry is very lucrative and is taking share from more traditional forms of investing such as: equities, fixed income, commodities, and currencies,” stated Zissis Skouloudis, Bugscore Chief Operating Officer, “However, transparency remains a problem.” To address this problem, Bugscore Ltd. is offering their bugscore.com platform for the masses to score all binary option brokers on a range of criteria, allowing a comparison of all brokers to see which ones stand out.

Binary option brokers can claim their profile on Bugscore.com and manage it in private. Detailed feedback reports may be obtained, which will display the business’s strengths and weaknesses, as perceived by the public. The new reputation management service, Bugscore Ltd. believes, is likely to help improve practices across unregulated and regulated brokers alike and allow them to improve their reputation.

Separately, Bugscore’s team also offers to certify brokers with a Bugscore Transparency Certificate if the business receives a score of over 80/100. All brokers that meet the criteria are able to display the certificate on their marketing material and consumer facing fronts as a symbol of quality. Major binary option brokerages, such as Optiontrade (owned by the popular Hotforex currency brokerage) uses the reputation management service provided by Bugscore Ltd. and has already received a transparency certification. Currently, the Bugscore team is rolling out reputation management and certification services for signal services and binary option trading robots. To claim a profile, visit http://www.bugscore.com.

About Bugscore Ltd.:
Bugscore is the first large online platform that allows the general public to evaluate anything from businesses and products to people. In an effort to encourage transparency in the world around us, the company invites all to give a score to anything. The Bugscore team has a wide range of experience including: strategic-consulting, investment banking, supply chain management, engineering, programming, web-development, and marketing. For more information (press only), contact Zissis Skouloudis at (510)480-6753 or by email: management(at)bugscore(dot)com.

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Zissis Skouloudis
Bugscore Ltd.
+44 7540 187 313
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