Trading binary options: what reviews on the forums should be trusted?

The Internet is playing an increasingly important role in the life of modern man. Before buying a product or using a new service, it has become common practice to search for reviews on a variety of Internet resources. Often these reviews, even before the purchase of goods or services already form the user's subjective opinion. This fate is not avoided and binary options trading. Sometimes you come across such reviews that you want to cry with emotion and immediately take all the money to the broker, and sometimes - hide all your savings under the pillow and never tell the broker about them) Who writes reviews about trading binary options And who should we trust?

Trading binary options: reviews by the language of statistics

Of course, it would be completely naïve to take all feedback at face value. The disadvantage of the Internet is that it is impersonal. You never know who the author is and whether his review is true or not. As statistics show, the proportion of objective binary options trading reviewsThe remaining 85% reviews are emotionally motivated, or are custom-made. The remaining 85% reviews are written on emotion or are custom-made.

How to determine which reviews of binary options trading should be trusted, and which to skip "past the cash register"?

Reviews of binary options trading that you should not trust

Forums' admins won't let you lie that one of the most common reviews is "The broker SuperPurPureOptions is a fraud! That's where the informative part of the review ends. How is it a scammer? Why is it a crook? Nothing is clear. It becomes clearer if you look at the profile of the user who left such a review. As a rule, this post is the only one, and the date of registration coincides with the date of publication of the post.

And it seems to be all right. So the person came in, took a dump and left. However, everyone else will come across this review and on a subconscious level - "yes, yes, somewhere about them I've seen that they are crooks" - will be a subjective, unsubstantiated opinion. Such reviews can be safely skipped, they are written solely for the masses.

Another common type is a review like "everything was fine, but the broker deliberately changed the price and robbed me of profit. It should be noted right away that such reviews can be of two kinds. If the post is accompanied by screenshots of another binary options broker's charts showing the discrepancy in quotes and confirming the correctness of trader - there is certainly cause for reflection.

Otherwise, if there are no other facts besides the bare assertion - such a review can be skipped, treating it as idle chatter.

A lot of feedback, and this is natural, is about money points. There are some questions concerning technical points, although usually they are solved in the working order and do not reach the forums, but there are also quite absurd ones. For example, "The broker cheats! I withdrew $ 1000, but my account has only received 950. Naturally, a public inquiry begins. It then turns out that the trader has simply decided not to burden himself with the knowledge of the rules for deposit/withdrawal of funds, which are set by the broker, the amount of commissions and other financial intricacies. For example, if you withdraw funds once a month, the bank commission is paid by the broker. If more often, the payment of the commission falls on the trader.

Feedback on the withdrawal of funds is quite popular, because the trader carries his hard-earned money to the broker. The issue has been solved long ago, but the feedback on the forum is still there and acts as in the anecdote about the silver spoons - "and the residue remains", again forming a subjective opinion of the user who is interested.

Reviews of binary options trading that you can trust

First of all, it is worth paying attention to reviews that are supported by screenshots, but even here there is a chance of getting into trouble. For example, reviews of discrepancies in quotes. Here it is worth returning to the eternal sin of most traders, namely, unwillingness to read and delve into the subtleties of binary options broker's terms and conditions. For example, screenshots of quotes from different brokers given in the review are different. However, it is clearly stated in the technical regulations that the price levels presented by the broker do not reflect the market prices, but represent the levels at which the broker sells those options. Legally, even having discrepancies in the quotes, the broker is right. In fact it means that there is no forecasting or analysis at all, because it is up to the broker to decide upon the quotes. That is, there is no binary options trading, but a banal casino.

The screenshots containing the statistics of trading operations also arouse a certain degree of confidence. Profitable trading for, let's say, several months is a sign that the broker's priority is binary options tradingnot the loss of a trader Deposits.

Almost every self-respecting broker of binary options has its official representative on the forums, who always answers the adequate and sometimes inadequate questions. A normal broker values his reputation and monitors not only the feedbacks on his official forum, but also on the large thematic forums. Virtually all well-grounded, mind you, it is precisely well-grounded questions or reviews about binary options trading that are almost always solved in favor of the trader. And empty and meaningless rubbish is still rubbish.