--- title: 'The Truth About Binary Options Withdrawals' source: 'https://youtube.com/watch?v=CXuJayQX5hg' video_id: 'CXuJayQX5hg' date: 2026-07-24 duration_sec: 728 channel: 'Jackie Trader' --- # The Truth About Binary Options Withdrawals > Source: [The Truth About Binary Options Withdrawals](https://youtube.com/watch?v=CXuJayQX5hg) ## Summary In this video, trader Jack discusses his experience with binary options brokers, focusing on withdrawal reliability. He recommends Cotex and Godel as brokers with excellent withdrawal processes, while acknowledging that no broker is perfect and sharing his philosophy on handling broker issues. ### Key Points - **Introduction to Brokers** [00:03] — Jack introduces the video, stating he will discuss the main binary options brokers he uses and recommends, emphasizing those without withdrawal problems. - **Recommended Brokers: Cotex and Godel** [01:07] — Jack names Cotex and Godel as his primary brokers, praising their excellent withdrawal processes. He mentions he has never heard of blocked withdrawals at Godel. - **No Perfect Broker** [02:32] — Jack states that every broker has flaws, citing examples of gap issues at Cotex and Pocket Option that can turn winning trades into losses. - **Risk Management Importance** [03:26] — He emphasizes that following a risk management strategy helps preserve capital, especially when brokers have issues like gaps. - **Personal Responsibility** [04:47] — Jack argues that traders must take responsibility for their decisions, especially when deviating from their management plan, and not solely blame brokers. - **Personal Trading Mistakes** [05:32] — He shares his early mistakes, including selling a car and depositing money via credit card, stressing the importance of learning from errors. - **Experience with IOption** [06:46] — Jack recounts his experience with IOption, the first broker he used, where he learned to trade but was eventually blocked after a losing streak. - **Message on Handling Broker Issues** [08:13] — He advises against holding grudges against brokers, suggesting to delete and move on, focusing on the positive aspects and withdrawals made. - **Current Broker Status** [10:08] — Jack reiterates that Godel and Cotex are his main brokers for withdrawals, notes that IOption blocks his CPF, and mentions a delayed payment from Pocket Option. - **Trading Schedule and OTC** [11:21] — He mentions the upcoming US holiday and states he does not trade OTC, preferring 100% open market trading. ### Conclusion Jack concludes by encouraging viewers to like and subscribe, and promotes his live trading streams using Price Action technique. ## Transcript Hey everyone, how's it going? Jack speaking, starting another video here on the channel. In this video, guys, we're going to talk about binary options brokers, the main brokers I use, recommend, and that I've noticed don't have any problems with withdrawals. And I'd also like to leave a message for you, which we even talked about during our live stream this morning here on our YouTube channel. I'm sure you 'll like this video. I hope you enjoy this video and all that. Sometimes the video is 10, 9, or 11 minutes long, but video is 10, 9, or 11 minutes long, but sometimes there's a short segment there that can sometimes there's a short segment there that can add to your knowledge. So you don't forget, please smash that like button. If you're not subscribed, subscribe to the channel. Live trading from Monday to Friday, using the Price Action technique. Let's continue with our video. Hey everyone, for those watching our live stream, I'm going to tell you, right off the bat, about two brokers that I really like to use. The main ones are Cotex and Godel. These are two brokerage firms that I use frequently, brokerage firms that offer excellent withdrawals. I have no complaints regarding the withdrawal from the brokerage. Goldel brokerage, for example, I've never heard of a blocked withdrawal. heard of a blocked withdrawal. Cotex brokerage, for me, is an excellent brokerage, Cotex brokerage, for me, is an excellent brokerage, okay? I have been trading at the CTEX brokerage firm for many years . For quite some time, it was one of the main brokers where I one of the main brokers where I conducted my major transactions. So what I can tell you about withdrawals is that there are two excellent brokers: Cotex and Godel. Remember that everything I say Godel. Remember that everything I say here on this channel is based on my experience as a trader. The experience I have here, I pass on to you. I've heard rumors about I pass on to you. I've heard rumors about the Cotex Pocket brokerage, and about blocked withdrawals, right? Up until now, I haven't heard Up until now, I haven't heard anyone mention blocked withdrawals at the Godel brokerage. People are praising the withdrawals offered by this brokerage. One thing I'd like to brokerage. One thing I'd like to tell you is that there's no such thing as a perfect broker. Every brokerage firm will have flaws. Eh, Cotex, Oct, Goldel, Rick Option, among other brokers. For example, Cotex has already had example, Cotex has already had two or three instances this week where what was supposed to be a winning operation ended up giving us a loss because of the gap. The operation ends up being a win, but because of the gap it ends up resulting in a loss. We get upset. I confess that I don't care much about it, because if I care, if I get upset, if I get stressed, it wo n't solve anything. I know that the brokerage firm has this issue. One observation I'd like to make, which happened two or three times this happened two or three times this week, is that because we follow a risk management strategy, we're able to preserve our capital when we're trading through the brokerage. Now let's say that at a certain point, as I've done several times before, I bet my entire bankroll on the operation. I invested my I bet my entire bankroll on the operation. I invested my entire balance in the trade, and when the trade was finalizing the 'i' phase, it ended up triggering a loss due to the gap. Then you say: "It's a mistake by the broker. I want the broker to return my money." return money when this kind of thing happens. Cotex, Pocket Option, they have this gap issue, they don't return money. So, if I were to enter, if I were to enter with my entire bankroll, I'd also be taking responsibility, I'd be going against my management plan. You may disagree with me, because I'd like to tell you that there's no such thing as a perfect broker. Ideally, it wouldn't have this gap issue. That would be wonderful. I'd like to make this clear: I 'm not defending any broker. I 'm saying that Cotex and Pocket Option have this gap issue, and it has happened that this gap has favored us, and the operation that was supposed to be a sell ended up being a buy. But in my experience , most of the time , most of the time the gap hurts us. So, since I wary and I won't stress myself out, because if I stress myself out, it will only hurt me. That's right. But here's the thing, when I invest my entire bankroll, I'm already going beyond my management plan, and I also have a responsibility. I have to take my share of the blame because every investment involves risk. That's why it 's so important to always respect your management plan, your risk management, to preserve your capital. Yes, guys, I'd like to make an observation here that I know how frustrating it is to blow your entire bankroll, to lose money you weren't willing to lose. I've messed up a lot with this business. Everyone has their own story, everyone knows what they've been through . I know my story, I know what I went through here. Just so you have an idea, in my early days I had to sell a car because I messed up very seriously. But when I messed up, the responsibility was mine. I knew where I was going wrong, that my problem was management. I was very compulsive, I would spend all day trading and when I lost, I would deposit more to try to recover and incur debt. I I used to deposit money onto my credit card, just to give you an idea. responsibility, we know the mistake was ours, and we don't blame others, we evolve with that, and we try to learn from our mistakes. And it often happens; we make the same mistakes repeatedly, deviating from our money management strategy. We know we have to respect the strategy, but we deviate from it astonishing. Anyone who's been in the market for a while, losing money and going off track , knows exactly what I'm talking about. Yes, although... pure... Uh, IOption was the first broker I used, it was IOption, an excellent broker to trade with. I lost a lot of money at the beginning, I had my moments of frustration, but there came a point when I turned things around, I managed to recover, I managed to make a good amount of money, but then I saw that dear good amount of money, but then I saw that dear IOption, it blocked me, in fact, it was more than one block, and one of them was live. It limited me live during our YouTube live stream. I I was getting an absurd sequence of losses during our live stream. Then she limited me. Do I hate IOt? No, feeds me. Equopópt brokerage was the first brokerage I used. It's where I learned to trade. I remember the withdrawals I made from the brokerage. I remember when I was starting out, I would make R$2,000, R$3,000 in profit. Back then, Pix didn't exist, I would withdraw to my Caixa Econômica Federal account. I remember walking to the mall to go to the ATM and getting those R$50 bills. Man, it was so satisfying. Wow, this thing works. I'm not defending brokerages, I'm not sucking up to brokerages. But it's like this, guys, if I start cursing, if I start speaking ill of them, it won't benefit me. And speaking of this, I'd like to leave you with a message about what this, let's say, I'll give you an example , that I have an enemy. I have an enemy and I'm very upset with this enemy, and I stay here at this enemy, and I stay here at home, revolted, curious, stressed because of this enemy. And sometimes when I go to bed, I have trouble falling asleep, I even lose a night's sleep thinking about this enemy. If this enemy knows that I'm like this because of him , he'll be happy, he'll be pleased. Isn't that the best thing to do? Delete, forget. Resolve what needs to be resolved. Delete, So, that's why you see here in my live stream, I don't like to complain much, I don't like to talk much either. I'm not going to bite the hand that feeds me. If it happens, for example, with Cotex, I would never want Cotex to block me. Never, I don't want that. It's an excellent brokerage for me, I would never want Cotex to block me. But if they do block me, I'll be upset. I'll do what I can. What? Everything's fine . I'll remember the good times. How many withdrawals have I made from this broker? How many things have I bought over the years operating this hedge, isn't that right? So, from my point of view, in my opinion, in my opinion, sorry, I believe it's always interesting to think about the good parts and if a be resolved without revenge, without vengeance, and simply delete it afterwards . I'd like to leave this message . I'd like to leave this message here, which we discussed during our live stream on this channel. It main one I use, I'd like to make it very clear here, is the Goldell broker, excellent for withdrawals, the CTEX broker, excellent for withdrawals. I ca n't use Iop, IOP, it doesn't accept my CPF (Brazilian tax ID), nor my wife's. If I try to register here, it says the CPF is blocked, because she knows I'm an excellent trader, so it doesn't accept it. I've already tried to open an account again, but it doesn't accept it. And Pocket Opt, I'd like to make an observation. like to make an observation. verification, a photo ID, taking a picture of my face, I asked for a photo ID, a piece of paper with the name Pocket Option written on it, and the date took two weeks. I thought they were n't going to pay, but after so many people n't going to pay, but after so many people insisting, in the end they paid. , the US agricultural payroll , right? Today is July 2nd, 2026, , right? Today is July 2nd, 2026, and tomorrow is a holiday in the United States, Independence Day. Brokers will probably be in OTC mode, and I'll be taking the day off. Saturday and Sunday we'll rest. I don't recommend OTC and I don't trade OTC either. My business is always a 100% open market. Hey guys, I hope you enjoyed this content. Don't forget, smash that like button! If you're not subscribed, subscribe to the channel. Live streams Monday through Friday, trading Price Action live. See you in the next video. Thanks, everyone. Big hug to you all.