How to to realize A SCAM BINARY OPTIONS BROKER

[Jennifer Pilot]

Hi guys,
Im a believer of BINARY OPTIONS. Having traded 4 years so far, I realized a very bad thing : there are up to 80 - 90% EXISTING BINARY OPTIONS BROKERS are SCAM. Very few in this industry are honest.
A BINARY OPTIONS BROKER is a SCAM when :
1. Always encourage you to invest more money, and promise out very good things like regular profit per month (always 100%, no lose), x2 or x3 account balance in short time ...etc..
2. Withdrawal takes so long. They just want to delay as long as they can. An honest broker always processes a withdrawal in maximum of 48 hours. For example, Bancdebinary is a scam website. They told they need 7 DAYS for the withdrawal to arrive, but after that they ALWAYS TOLD THIS MONTH THEY HAD DELAYS.
3. Many complaints. Please check it on GOOGLE before you invest. If you see that the BINARY OPTION BROKER you want to invest in has many complaints then, think again carefully.
4. NO regulation. Those broker were founded freely and illegally, so that they couldnt be regulated.

I mean, yeah, it seems obvious that if someone promises you a profit every month, then that must, by definition, be a scam. No one can promise that.

 

[just21]

Get a regulated brokerage account such as www.interactivebrokers.com and buy a call option and sell a higher call (vertical) to simulate a binary option on a regulated options exchange. A regulated brokerage account will let you sell options as well as buy them. You can also withdraw money within 24 hours.

 

[Alexfx79]

I think these points are applicable to ANY financial company, whether it is binaries, futures, forex, etc.
Who would trust unregulated company with hundreds of negative reviews that promises you millions of $$$??

 

[radex78]

So far still never trade on binary option, and if hear many broker binary is scam this like as giving me early warning if many broker binary is scam
still enjoy in forex till now

 

[bbpp]

Get a regulated brokerage account such as www.interactivebrokers.com and buy a call option and sell a higher call (vertical) to simulate a binary option on a regulated options exchange. A regulated brokerage account will let you sell options as well as buy them. You can also withdraw money within 24 hours.

You can't simulate daily & hourly binary options.

 

[just21]

Get an options expiry calander for equities and commodities and you will have plenty of daily epiries every week.

 

[Bobby Jay]

Hi guys,
Im a believer of BINARY OPTIONS. Having traded 4 years so far, I realized a very bad thing : there are up to 80 - 90% EXISTING BINARY OPTIONS BROKERS are SCAM. Very few in this industry are honest.
A BINARY OPTIONS BROKER is a SCAM when :
1. Always encourage you to invest more money, and promise out very good things like regular profit per month (always 100%, no lose), x2 or x3 account balance in short time ...etc..
2. Withdrawal takes so long. They just want to delay as long as they can. An honest broker always processes a withdrawal in maximum of 48 hours. For example, Bancdebinary is a scam website. They told they need 7 DAYS for the withdrawal to arrive, but after that they ALWAYS TOLD THIS MONTH THEY HAD DELAYS.
3. Many complaints. Please check it on GOOGLE before you invest. If you see that the BINARY OPTION BROKER you want to invest in has many complaints then, think again carefully.
4. NO regulation. Those broker were founded freely and illegally, so that they couldnt be regulated.

This is indeed helpful. Thanks for sharing.

 

[doggyfx]

Hi guys,
Im a believer of BINARY OPTIONS. Having traded 4 years so far, I realized a very bad thing : there are up to 80 - 90% EXISTING BINARY OPTIONS BROKERS are SCAM. Very few in this industry are honest.
A BINARY OPTIONS BROKER is a SCAM when :
1. Always encourage you to invest more money, and promise out very good things like regular profit per month (always 100%, no lose), x2 or x3 account balance in short time ...etc..
2. Withdrawal takes so long. They just want to delay as long as they can. An honest broker always processes a withdrawal in maximum of 48 hours. For example, Bancdebinary is a scam website. They told they need 7 DAYS for the withdrawal to arrive, but after that they ALWAYS TOLD THIS MONTH THEY HAD DELAYS.
3. Many complaints. Please check it on GOOGLE before you invest. If you see that the BINARY OPTION BROKER you want to invest in has many complaints then, think again carefully.
4. NO regulation. Those broker were founded freely and illegally, so that they couldnt be regulated.

Still I understand how the points you mentioned hamper your trading progress.

1. they encourage but not force you to do that.
2. You can wait for withdrawal if you do make profit with them according with their permitted trading practices.
3. If you are good trader complaints from rookies means nothing for you.
4. Whatever its regulation if they execute your orders correctly, there is nothing to worry about.

The problem with BO trading is difficulty with managing trading risk. That's it. If you can get around this issue you will see your profit curve rising. For example I use BO Optiontrade which powered by HF, they offer various trading accounts, although along with all simplicity its really hard to use it as primary trading platform and better to combine with spot forex.

 

[geedy]

only one is a real company with real regulation-- www.nadex.com

I don't think regulation really guarantee safe trading with a broker, it is just a sense of security you get from it. Many of these so called regulated ones don't get any sanctions when they mess up as it the case is often rigged.

 

[bublu]

I don't think regulation really guarantee safe trading with a broker, it is just a sense of security you get from it. Many of these so called regulated ones don't get any sanctions when they mess up as it the case is often rigged.

Exactly you are right as we already have a lot of examples in the past where a regulated broker suddenly turned into scam and ended up taking all of the traders' money.