Rumors of an NRG Binary scam worry you?
Want to earn money with binary options trading but are unsure which broker to choose?
Binary trading is highly profitable but equally perilous. Choosing a fraudulent broker to handle your trading account can have catastrophic results and therefore you need to be careful when selecting the company with which to invest in this financial derivative. Is NRG Binary an acceptable destination for your money? Find out now.
What is NRG Binary
Launched only a few month ago, NRG Binary is a new binary options broker offering online trading of various types of digital options. This company is a white label firm of the popular SpotOption trading platform, though this means nothing when analyzing the fraud accusations faced by NRG.
Binary options is a speculative financial derivative or in other words, a high risk inversion. For that reason alone choosing such an inexperienced broker as NRG Binary would not seem to make sense, unless this company would be offering some lucrative promotion or special benefit. It does not.
In fact, the more experienced and leading binary brokers are the ones giving new traders important advantages and valuable guidance in their trading experience. That is why you should concentrate your search for an ideal broker among the few binary firms with a proven track record of success and professionalism.
NRG Binary comparisons
The amount of instructional tools NRG Binary offers traders pales in comparison to the infrastructure built by EZTrader to teach traders how to maximize their results and profit consistently. With an array of interactive learning methods at your disposal and the highest payouts in the binary market, EZTrader already seem like a sensible choice. Add to these benefits the best team of financial advisers, and you are on your way to capitalizing on the incredible gains binary trading offers:
While NRG Binary’s reliability is questioned, Global Option waste no time in setting you up for a big paycheck. With its excellent one-on-one training sessions, this binary broker has become a preferred destination for traders seeking personal guidance and support in becoming expert online investors. Another marked difference when compared to NRG Binary is the mobile site. Global Option have the best mobile options trading site in the market, so if you would like to both learn meaningful investment strategies and trade from virtually anywhere, this would be a perfect choice for you:
While the NRG Binary site offers only a handful of videos with hardly any meaningful information on them, Traderush gives you more than 80 trading videos as soon as you sign up. One of the largest binary corporations worldwide, it also offers an excellent interactive ebook and an online ecourse you can participate in for free. Since a cash bonus is added to your account, you begin trading and gaining with more money and more resources:
Considering how recently the NRG Binary site has been launched, it is a good sign that this broker is building up a section dedicated to teaching customers more about online investments. Nonetheless, it faces a situation similar to that of TopOption, and is still far from being able to compete with the more experienced binary options corporations, which currently offer you many more tools to succeed and profit.
Is NRG Binary legit?
The high payouts of binary trading lure many customers looking to earn money quickly and effortlessly. Yet, such substantial returns cannot be free of risk. Risk management and managerial finance have to be part of the preparation for traders who want to take their binary experience seriously.
The main reason for scam rumors involving NRG Binary as well as other brokers is the frustration of unprepared traders who lose their monies as a result of speculative investment methods. As a result of the loss, they accuse the broker of fraud, although it is their unrealistic expectations and lack of experience that caused the negative results.
Nonetheless, since binary brokers cannot be sufficiently regulated at this time, there is a need to verify the reputation of the company with which you intend to deposit your funds. NRG Binary is officially owned by NRG Capital CY Limmited, a company located in the island of Seychelles, a tax safe haven considered part of the African continent. This is hardly the safest place for you to invest your hard-earned money.
There is no NRG Binary scam per se, and in fact, considering how young this company is, their site and presentation is fairly good. It does inform about the risk involved and makes an initial attempt to help traders understand the dynamic of digital options. Yet it’s legal location and recent launching are a good reason to treat this binary broker with caution.
Trading Platform and Payouts
Binary trading is a volatile, real time investment where timing is key. Choosing the right asset precisely when the probability for an accurate prediction is higher defines the way trades are done. That is why a varied asset list with as many currencies, stocks, indices and commodities
is necessary for creating a winning investment portfolio.
Sadly, the NRG Binary asset index is still very limited when compared to larger brokers. This is definitely a minus and should be taken into account when making your choice. The trading platform itself has an excellent interface, is easy to use and manage. Yet the lack of certain options diminishes your ability to capitalize on profitable opportunities stock markets present.
Although payouts in the binary industry are always very high, comparatively, NRG’s return rates are lower than average. While brokers such as EZTrader and Global Option offer you up to 95% per trade, with NRG Binary customers will be looking at a 73% return, way below the common market price.
NRG Binary Scam – Summary
- NRG Binary is a recently launched binary options trading site
- So far this broker has not been involved in any fraud, and is actually off to a good start
- With a site available in several languages, including Russian and Arabic, most of the NRG customer base is currently located in the USA and Canada
- Although not a scam, certain minuses can be pointed out when analyzing this broker
- Mainly, the limited educational resources, the relatively low payouts, and the fact the company is legally established in an obscure african island
- While there is no clear and obvious reason for concern, choosing NRG Binary as your binary broker is not recommended yet
- Until it is able to offer you the type of advantages major binary brokers offer, it is best to invest with caution and prefer more experienced firms