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Like any online business, chargebacks are a way of life for online forex and binary options brokers. Estimated to effect between 0.5% to 1.0% of total credit card transactions for regulated brokers, chargebacks can reach even higher percentages for non-regulated firms. While chargeback percentages vary from broker to broker and are often highly correlated to marketing channels a firm uses to source customers, the problem is felt by nearly every broker.
Recently emerging from stealth mode to provide a solution for the chargeback problem is RisqLogic. Created by online trading industry veterans with lengthy experience in broker ... (read more)