Three ways of avoiding binary options scams 02/26/16


Binary options are the financial hit of the 21st century and they can help you achieve financial independence if you know how to use them. However, this way of trading can become dangerous if you do not use a professional platform. Online scams are a real threat and unfortunately they also exist in the world of binary options. For every reliable platform there is one that either fails to pay users their much deserved money or that has terrible customer support. To make sure you don’t become a victim, check these three things before creating an account and starting trading with real money.

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Read trustworthy reviews

The first step you should take before signing up on any website that lets you trade with binary options is to read a few reviews about it. These reviews should obviously be unbiased and to be 100% sure that you are not being scammed you should read Binary Option Robot Erfahrungen written both by professional traders and regular individuals. The more you find out a binary options platform or binary options robot, the better. Reviews should offer all the details that you need to know about the way a platform works, how fast it lets you withdraw money and what kind of bonuses it offers. Needless to say, it should explain to you the fine print in the terms and conditions, so that you don’t miss it.

Create a demo account

After you’ve studied several non-biased reviews and there seems to be nothing wrong with your platform of choice, you should move on to the next step, which is creating a demo account. This is a type of trial that should be free of charge and have no strings attached. Basically, for a limited period of time, you will be trading with virtual money, so that you can get an idea of how the platform works and what features it offers. A demo account is not very relevant in terms of withdrawal times or bonuses, but at least you will see for yourself how the trading interface looks and what actions it lets you make.

Call customer support

Customer support is the final step that a binary option trading platform has to pass before earning your trust. After all, it can have profitable bonuses and quick withdrawal times, but if they do not answer your call when you need them, they do not deserve to have you as a member. Look carefully in the contact section and see whether there are phone numbers for more countries. Then, try calling customer support to see if they pick up and address your concerns. It doesn’t need to be an emergency. A representative from the website has to answer your call no matter the reason and tell you everything you want to know. If you are satisfied with their policy and customer care, then you can create an account and start trading with real money, knowing that if you have any issues with withdrawals or deposits they will be there for you.