BEST WAY TO KNOW A BINARY OPTION SCAM

BEST WAY TO KNOW A BINARY OPTION SCAM

 If you are new to binary trade you have to see this HERE

Binary options scam can be avoided if the right information is provided at the right time. As we all know you can’t trust anyone completely with your money, Elderly men usually say “what you know won’t kill you”.

Most people often ask this question; is binary options trade a scam?

Binary options are legitimate and viable financial investment and most binary options brokers are honest and reliable. Many fake sites or brokers are attempting to destroy the good reputation of well established binary brokers. Before signing up make sure to review the blacklist, and also don’t forget to visit Binaryoptionswatchdog for a clear and complete information about binary brokers both scam and the legit ones.

·        

           - Check if the broker is regulated and by who.

·                Use Google to search for scam report.

·         Check broker’s responds.

·         Join chart rooms, blogs and forums

·         Be sure of the terms and conditions

·         Manipulation of the underlying asset upon the expiry time.

Check if the brokers is regulated and by who.

Most top binary options brokers are regulated by CySEC, BDF, AMF, FCA, ASIC, BaFin

Each country has its own financial regulator who is responsible for regulating binary brokers, stock brokers, forex dealers, and commodity exchanges.

Most scam brokers may advertise that they are regulated by a specific countries regulatory agency, that is the responsibility of the trader to investigate and check it out.  And another thing you should check out is if the license of the broker is still valid.

You can do that by checking the link HERE

Use Google to search for scam report:

I always say that the best teacher anyone can get is the internet whatever someone is looking for has already be posted on the internet, recorded and analyzed by another person.

In  this our present generation were everybody make use of the internet for various things including researching and keeping records of information, The internet should be the first place you go for any question about anything.

Once you just Google a question on binary options scam result from different post relating to your question will be display for you to make a pick on the option that best fit your  question .

Check broker’s responds:  

Good and trusted brokers always respond to their clients emails and messages whenever the client ask a question concerning anything at all, you know why because they are not afraid of anything and have nothing to hide.

The moment you notice a broker taking too long to answer your question for more than once you should have a rethink about that broker, that should tell you that the broker does not care about their client which is one of the characteristics of a scam broker.

Brokers who are not scam treat and takes their client highly, because their client is their money, the reason for this statement is that whenever a client makes a trade the brokers have a percentage that is been awarded to them, knowing that you are their percentage they will do everything to make you fill comfortable and remain in their trading platform in long term.

Join chart rooms, blogs and forums: 

It is very essential  or should I say very important for a binary option trader to have one or two blogs, forums or chart rooms where he visit once in a while to get the latest update and news about the market and the latest way other traders are trading, and to see the different strategies which they use.

You will find a whole lot of blogs and forums about binary options trade you could use to keep yourself updated with information. This won’t take more than 20minute of your time a day.

Be sure of the terms and conditions: 

The terms and condition of anything be it a blog, a site, a business and lot more is an aspect that 70% would never care to see or take a look at.

This is where the scam brokers hide behind to do evil, if you go though the terms and condition of a broker you will know if they are scammers who want your money and if you will be able to work with the conditions they provided.

Scam brokers often change the terms and conditions relating the payout form their platform and if you enter into form of trading without looking carefully at the conditions of the broker you may be required to triple your initial deposit before you could make any withdraw, and this you know it is not a proper thing for anyone who want to see you make money with this trade.

Manipulation of the underlying asset upon the expiry time

Any broker who does this is a scam, no argument about it.  What they do is to suspend your entering by 30-60seconds after you trade count-down-time has count to zero. They will display something like expiring, getting result or processing and with this they will add 30-60seconds to the time your entering was supposed to have expired, giving enough time for the trade to go against you.

So whenever you notice a broker with this behavior you better run because that is a very good sign that the broker will stop at no cost to make sure you lose all your money and will even want you to deposit and keep trading with them.

Hopefully with this little step u will be able to identify a scam broker when you see one and please help tell the young traders about this, to help them know if the broker they are trading with is a scam. This am sure will help bring to stop the activities of the scam brokers.