Is GrandOption a scam?
Should you stay away from this broker?
Should you avoid binary options all together?
We have reviewed this issue thoroughly and have all the answers here for you.
GrandOption Scam or Legit?
GrandOption is a new broker on the market, which is the first reason you should avoid investing with it. Binary options has had its share of ill-intentioned companies, and whenever a new binary broker steps into the market, it is wise to wait and see how it performs.
Grandoption is aimed at binary options traders in the USA. It does not have a platform adapted to the American mindset, nor are the texts in the site written in American English. For a broker that seems intent in making a push into the US binary options field, the effort so far has been subpar.
As far as being a scam, GrandOption is starting on a very wrong foot. One major red light when reviewing a new binary options is their About Us page. In this case, it gives no real information, and you as a client are left to wonder who is behind this company.
Why GrandOption is a scam risk
Binary options are financial instruments that give you the opportunity to earn fabulous amounts of money, and offer amazing returns.
Make no mistake about it: most traders lose more money than what they earn, and this is a statistic fact. That is why binary options brokers such as GrandOption make lots of money. More so, Grandoption earn money solely when the traders lose theirs. So your loss is their gain.
For you to be on the right end of the statistics, you need to take your trading seriously and learn some binary options strategy and facts. We suggest you choose a reliable, well known trader who has made a real effort to adapt its site to your needs and offer quality binary options tutoring.
Reliable Binary Brokers
TradeRush is a highly professional and reliable broker you could choose to work with. If you enjoy one on one assistance and financial advice, this company has perhaps the best group of professional investment advisors. Grandoption has a long way to go before it achieves the excellence of service these brokers can offer. Register with TradeRush, the largest US broker, and start profiting from sound strategic guidance:
First and foremost you want a broker that will teach you binary options strategy and enable you to improve your trading skills. Right now, no firm is doing it better than EZTrader. They have set up an online tutorial center with videos, ebooks and information. This valuable help increases your chances to succeed and profit regularly.. In fact, this is one of the only brokers offering advanced educational tools to experienced traders. Since they also offer the highest payouts and a cash bonus, investing your money with them is an excellent step towards that extra income.
GrandOption is a scam? Fishy Tutorials
GrandOption seemingly offer you a full segment dedicated to trading tutorials and educational material. The grandiose name of GrandOption Academy sadly does not live up to its title, as only one page in the entire site is dedicated to informing you about trading strategies, and even that is very limited in the actual information it delivers. Binary options trading is an opportunity to invest and receive a quick and meaningful return. Yet for that to happen you need to be working with a broker you can trust and that gives you real assistance. So far Grandoption has not fit the bill.
What more GrandOption lacks?
A user-friendly trading platform and a comprehensive list of assets for you to choose your binary trades is an important advantage that GrandOption lacks. Furthermore, there is no bonus for your first deposit. A bonus is real extra money in your account which many binary brokers offer. Another meaningful service you will not find with this company.
You need to rely on a firm that has the approval of experienced traders and has a proven track record of serious service. If GrandOption choose to enter the market without even informing you who is behind this company, definitely a scam is something you must consider and fear.
It is too early to know if there is a GrandOption scam. Traders must always be careful trading binary options, since there is major risk involved and because nothing comes without an effort. So signing up with GrandOption does not seem like a reasonable decision for now. Meanwhile, give preference to experienced brokers offering real tutorials and free assistance.