A binary options scam is something that everybody can avoid with the right information. Because of the amount of binary options brokers out there, it is very significant that you know precisely what to expect and who to trust. Now, the question is – how can you stop a scam from happening to you?
Do not sign up to a broker that is from a country which doesn’t have a strong regulatory system. If the broker you are working with is not carefully regulated there is no point in having the best binary options strategy. And this can cause problems with slow trading platforms that get stuck, withdrawing funds and could result in little to no customer support, you losing your money and many other things.
The Cyprus Securities and Exchange Commission in early 2013, declared that all brokers involved with binary options operating inside the Cyprus jurisdiction would have to apply for a CIF License. So, this regulation indicates that all Europien binary options brokers who are regulated with CYSEC have taken all the required steps to make sure that all your funds are secured through separated accounts where your finances are kept, you get correct trading results and market data, and have the right framework in place in order to protect you against any unforeseen problems.
You should watch out for dissimilar binary options complaints about the broker you are interested to join. If you find any scams or negative comments about the broker, then you should be careful. And after you have done all your research, if you find that this binary broker has not reacted to the negative comments, then it is wise that you think again joining this broker as this shows that this broker isn’t active in improving their reputation or fixing problems.
It is important to test out the broker before you make any financial commitments – so you need to try before you buy. You can stay away from a permanent return options scam by considering if the broker’s platform has all the functional features essential to tribute your binary options strategy, answers your questions, responds quickly and offers you reliable and professional advice.
Join chat rooms or forums in order to see what binary options scam is being discussed at present. You will be astonished how much information you can gather from other people’s experiences by just asking around. Also, if you are thinking about joining a specific binary options signals provider you can apply similar steps of caution.
If you want to become successful in binary options trading here are all the main scams that you should be aware of:
Convincing binary options brokers are registered with dependable bodies and therefore are clear about their activities. And this is likely to be a scam if you for that reason find a broker that lists down non-convincing regulatory bodies, or isn’t registered with a qualified body at all.
Also, you should be awake that not everything is as it seems on the surface. For instance, some brokers are going to use deposit bonuses with poor small print terms in order to try and give you confidence to join their site.