There’s no harm done when we (legit binary options traders) expose those who are trying to make the market filthy and unbearable for all.
Newbies in the industry easily give in to these kinds of scams and our aim is to totally eliminate and possibly wipe them out by exposing their dark sides so that every level of trader will have first hand information on how these binary options scams operate.
There are many legitimate binary options brokers out there as well as a hand full of scam brokers and fake signal services.
These fake brokers and signal services are just trying to ruin the good reputation people have about the industry by promising mouth-watering bonuses (for brokers) and unimaginable profits and returns (for signal services) when you join their train.
As the Binary Options method of trading is still fairly new, it has become a fertile ground for scammers to thrive.
? Want to make money automatically with Forex, Bitcoin and other Cryptocurrencies, Commodities etc without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! WorldMarkets is for you! With the WorldMarkets AI Managed Account Services, only YOU are in control of your investment funds. WorldMarkets is a trading platform that uses artificial intelligence to handpick highly profitable and low-risk trades for its users. It also goes ahead to trade for you based on analyzed data. And yea, you guessed right, “it almost never loses”. This is indeed the holy grail of trading. It is much more reliable and profitable than paying gurus to trade for you, mulling over candle sticks or playing the luck game. Using this system, investors and traders have recorded over 30% Returns on Investment in less than a month. And with a 100% compound return, you simply cannot lose with WorldMarkets. All you have to do is sit back, manage your funds and let the AI trade for you. Are you ready to start making aggressive profits regardless of the market’s direction? If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to WorldMarkets now and choose a plan to start trading. PS: WorldMarkets is a Profitable Forex/Crypto AI Managed Trading Service. 100% Verified and Recommended by Valforex.com.
This is because many people have little or no prior knowledge on how trading binary options works and so easily fall for scam products.
Being more in number than the real brokers and signal services, it is also relatively simple for any newbie to fall for these scams.
Binary Options is gaining popularity day by day and it’s opposition, the Forex market is dwindling as time goes by (See images below).
So, this is why we can see more scams pop-up every day in binary options niche rather than Forex.
Many traders have unknowingly fallen into the hands of either scam brokers or signal services all in the name of “trading binary options profitably”.
No matter the type of broker, all of them would require you deposit in order to start trading but only legitimate brokers will allow you to withdraw your funds without any stress.
The scam broker does almost everything a legitimate broker would do in order to satisfy their clients except of course, during withdrawal of funds.
You Can Also Read: Option Bot 2.0 Reviews
One sure way to detect binary options scams is to conduct a search online on any search engine with the keywords “Company name + scam” or “Company name + reviews” without quotes.
Read as many reviews and testimonials as possible from various clients expressing their views about the Company on different review sites before buying any binary software or depositing funds into any broker.
Other minor qualities that may help you suspect the Company in question are:
However, sometimes, in a few occasions, other scam brokers may be hyperactive in customer related questions and issues and try to solve them so as to get the confidence of the trader which will later result in the trader depositing funds for trading.
Customer service may be through phone calls, live chat or ticket systems.
This means that Clients’ funds and personal information are not secure and therefore cyber criminals can easily have access to them without any restrictions.
To know if a particular site is secure, look in the address bar and make sure the url of the site begins with “https” and not “http” as you would see for https://www.google.com. Not only this, sites dealing with money should have an additional green bar in the address field in addition to the “https”. This ensures maximum security and great user experience.
Domain related issues are in the minority of cases, therefore you shouldn’t use this to fully judge if a Company is scam or not. I mentioned them to let you know that factors like very low Alexa Rankings, new domain name and age should make you being suspicious of that site.
If you know of any Binary Options Scam Product, Broker or Software, Kindly let us know about it in the comment section below.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More