Want to verify whether binary option trading is a scam?
Worried that binary option brokers are scamming their customers?
Avoid scams and protect your investment with the answer to these questions.
Trading Scam vs. Trading Success
You should always choose companies that clarify the risks involved. Which brokers improve your earning percentage while diminishing the risk factor?
Banc de Binary is fully regulated and a highly professional binary company which offers customers tools that help them become skilled traders while avoiding unnecessary loss. Their video and tutorials help you learn about risk protection and financial profit-making. They also offer the highest payout of the binary market, 95% per trade, a free signals service and a 100% bonus. Banc de Binary is not available for USA and Canadian customers. But with the CySEC stamp, it is the safest destination for European traders:
On the other hand, if you are a USA citizen, GOptions is famous for its one-on-one training program that gives you individual tutoring and allows you to excel in online trading. Because of their very high yields and top notch customer service, clients have reports much satisfaction, and most importantly higher earnings, when choosing this serious and trustworthy company. GOptions also guarantee same-day withdrawals and precise asset prices. With a free signals service and risk free trades, it has an array of tools to help you succeed:
Redwood Options is one of the most reliable and experienced binary brokers worldwide and by signing up to this corporation you receive access to more than 80 trading videos. Acquire important online trading skills and see your profits increase consistently with the help of a dedicated team of financial guidance assistants. Redwood Options offers several other educational tools, and has been widely praised by traders:
OptionBit is the only binary broker that gives you exclusive access to Algobit. This is a free trading signals tool, considered the most advanced system for automated binary trading. Algobit identifies the best trading opportunities and executes the trades for you from within your platform. All you need to do is approve each transaction and enjoy the increase in profitability. Many traders have given a very positive feedback about their success with this software, considered the most innovative signals system worldwide. OptionBit (which also doesn’t accept North American clients) gives you a very generous bonus and free guidance from a professional team of investment advisors. This is a perfect setting to start your binary experience:
The binary option market has been in constant growth since it appeared in the online investments scene in late 2008. That growth has occurred worldwide, and has been followed with a demand for regulation which has began.
Thankfully, this growth brings with it excellent brokers, such as the ones mentioned above. These brokers are an example of serious and committed firms, ready to assist clients with multiple investments tools and educational material to allow for a better trading experience.
Surely, some binary brokers stress the possibility of earning more than the risk of loss. They are pushing their product. Just like you don’t expect an iphone salesman to say: “hey, don’t buy the newest iphone version, the one you have is more than enough for your needs”, you shouldn’t expect brokers to market their product as highly risky. Not when they can present it as ultra-profitable. Nonetheless, very often, the difference between a reliable and a suspicious broker is they transparency of their offers.
Binary Option Trading Scams Theory
Many people who trade binary options lose all their money. Not only do they not profit, they squander the entire investment. Why? Because binary options is a high risk business, it is a financial derivative that offers absurd gains. Such high yields always come with the risk of similarly high loses.
Don’t expect an offer to earn 80% revenue in 15 minutes will benefit all who attempt to gain that kind of payout. If that would be the case, what company in the world would be able to sustain such loss? The investment would be unsustainable to the brokers. Binary option brokers offer you the chance to earn an incredible additional monthly income because statistically, they know more traders will lose than those who will win. Your job is to understand you are taking a risk and make sure you do everything necessary to minimize it. Stay on the safe side of the statistics, be a winner.
The theory of a binary option trading scam is a result of two things:
- The many unhappy traders telling their sad story of an investment gone awry
- The companies selling the idea that binary trading is a sure, risk free profit
Regarding the first issue, anyone who has been involved in trading should feel bad for fellow traders who have been less fortunate in the field. Yet investing poorly is not a reason to call this a scam.
As for those binary brokers trying to convince customers that they are going to easily make an extra income, those are the ones you should stay away from. Stick to brokers who offer you real tools to improve your results, become a better online trader, and make correct predictions consistently. What are best known for creating profit for their customers?
Binary Option Trading Scam: Conclusion
There is no scam, except that of brokers who hide the fact that this financial derivative is a high risk investment. Make sure you avoid these scammers and stick to the best binary companies each market offers.
You need to choose the right broker and learn binary trading strategies. Also make sure you invest reasonable amounts of monies, such that you are able to risk. Yet binary option is not a scam. It’s a high yield investment which can turn into a great experience, or at least a learning experience.
If you want to give yourself the best chance, try Banc de Binary or Redwood Options. There are other good brokers which you can check out at our Broker of the Month page. Besides offering a full-fledged educational center with entirely free materials and tutorials, these brokers have investment advisors at your disposal for guidance and professional help.
Some brokers might also supply you with a demo-account or cash-bonus. With a binary options demo-account you can train your trading skills and options strategies without risking real money. All these offers, bonuses and assistance prove that when you choose the right binary broker, you avoid scams and more importantly, make a valuable profit.
Binary Option Trading Scams Updates
As of October 2015, the amount of companies fully regulates by the Cysec in Cyprus have multiplied and include OptionBit, Banc de Binary and OptionWeb, among others. This is a sign of the professionalization of the binary options field.
On October 2015 Anyoption, the largest binary options trading company, announced its return to the Italian market, following a long absence due to regulatory demands by the Italian government. As early as April last year, the CONSOB (Itlian Securities and Exchange Commission) has quoted a section in the MiFID (Markets in Financial Instruments Directive of the European Union) suggesting that binary options brokers are obligated by law to be properly regulated.
A few month ago, following a request from the CONSOB, an Italian judge had ordred to block several binary trading sites. Since then, the binary options market in this country had been in turmoil, with traders switching to rival brokers and several binary corporations scrambling for swift regulation.
With the most recognizable binary options brand obtaining formal permit to reopen its business in a major European market, customers will be able to trade with more confidence and at a lesser risk, which should cause some of the scam allegations to pause.
Binary options trading is still a volatile investment that requires much caution and a coherent financial strategy, yet the field seems to move in a positive direction, by creating reasonable guarantees for the customer’s funds deposited with them.
This comes shortly after a boom of automated trading mechanisms invaded the binary options platforms, with numerous traders shifting to this innovative and controversial trading system. OptionBit’s Algobit has received the most praise for its free signals service product, while other offers, such as Cedar Finance’s Auto Binary Code has come under severe criticism.