5 simple ways to avoid cheating when trading binary options
In the age of high technology and the spread of the Internet, anyone who wants to start trading binary optionsThe most important thing is that all the brokers of a binary option brokerage company can enter "binary option brokers" into a search engine and receive a lot of links to the websites of brokers offering binary option trading services. However, not all of them may be who they claim to be. Along with the popularity of binary options trading, the number of cheaters and swindlers is increasing. Quite often, the good reputation of an honest and decent binary options broker is negatively influenced by a handful of malefactors whose tricks are taken by the traders. Nevertheless, no matter how sophisticated the scammers are, there are several ways to recognize them and save your money and your nervous system.
Clothing is the way to be greeted
Pay attention to the website of a binary options broker. The site should be functional, with a working user menu. Decent brokers don't spare money on the design of their sites. If you see any inconsistencies, inconsistencies or even grammatical errors - this is almost a hundred percent a sign of fraud, because you do not go to buy gold jewelry in a beer stall?
Test the trading terminal
The next step is to analyze the trading platform offered by a broker of binary options, through the use of demo accounts. You can use it to check the functionality of both client and browser trading platforms for adequacy to the set tasks. The absence of a broker's demo account or any other possibility to get acquainted with the broker's offered conditions for trading binary options is an alarm bell, indicating scammers.
Customer Service
Next, you should find out how to contact the administration and do not be lazy to check each of them. Decent binary options brokers provide, as a rule, online chat, email address and contact phone numbers. The response to the request should be quick and adequate. Scammers masquerading as brokers often ignore customer requests or try to get away with a general response along the lines of "Your request is accepted, you will soon receive an answer to the email address you provided during registration" or something similar. Online contact, of course, is out of the question.
Ways to deposit and withdraw funds
Any self-respecting binary options broker offers a client several alternative ways of depositing and withdrawing funds from the client account. These can be electronic payment systems, bank cards, bank transfers and other. All methods and terms of cash transactions should be specified on the binary options broker's website. As an additional confirmation, you can make sure that the broker uses SSL encryption when actively transferring financial information.
Promotions, bonuses and fast money - a common ploy of scammers
The main task of fraudsters is to take possession of client funds as quickly as possible, while seemingly doing nothing wrong. To do this, clients are enticed with promises of bonuses, exorbitant amounts, or super-duper promotions, in participation in which the client can get again almost immeasurable profits. You have to be very clear here that money does not come out of nowhere and that a binary options broker is not a kind uncle who just gives out money left and right. Carefully read the terms and conditions of the promotions and bonuses. As a rule, the attackers specially print them in small print. Do not be lazy to read them, for sure you will find there a lot of "interesting".
To summarize, in most cases, the natural "protector" from scammers, frauds and deception in binary options trading is common human common sense and prudence. Nevertheless, the number of victims of the actions of imaginary binary options brokers is not decreasing. There is no need to rush, you will always have time to make your million. Take a look at reviews of binary options brokers on our forum or read these simple guidelines that will save you time and, quite possibly, a serious amount of money.