Binary Options Scams

Reviews of 24Option Broker

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The 24Option trades on the Tech Financials platform. These options have the most currency pairs that are available for trading. With 24Option, traders have had over 100 assets and pairs of currency to trade with the binary options. They have also become one of the most popular brokers in the whole world. This is because of the many deposit actions that they have. The use of Skrill, Sofort, Qiwi, Webmoney, AstroPay, and many other payment options are being used by most of the international traders. The maximum trade size in the 24Option has been upgraded to $100,000 per trade while their minimum trade amount is $24. The minimum amount is $250.

 

Examples of 24Option Brokers

You may be having an account with 24Option and still looking for another broker to do the trading with. Here are some of the brokers with their reviews you can consider.

Stock Indicators with 3D Market Graph and Bar Graphs

Top Option Platform

The trading platform used here is a powerful Keystone. The number of assets to trade is 180 with some of the most popular commodities, stocks, indices, Bitcoin and currency pairs included. There are many unique assets that they offer that many brokers do not provide. These unique assets include Israel Shekel, Brent Oil, Turkish Lira, US Treasury Bonds and much more. The types of binary options here include the Classic Option, One Touch Binary Options, 60 Second Options, Option Builder, and Pro Option. The tools offered here include Roll Over, Double Up, History Graph, Sell Option, Trade Confirmation and the Stock Pairs. In October 2015, the returns have raised the returns on the touch options to 250% from first return of 85% (returns on EUR/USD). For the new trading options, the minimum deposit is only $100.

 

Banc de Binary

This is one of the original binary options. It was founded in the year 2010. The owner of these options is the Banc De Binary Ltd, which is located at Kanika International Business Centre in 4Prifiti Ilia Street office number 401. They can be reached by phone: +44 207 099 2097 in the UK or on e-mail: [email protected]. Banc De Binary has created new promotions and special offers due to the recent improvements and upgrades made on their website. They also use the common SpotOption trading platform. This option offers 30-second options, 60-second options, ladders and many more types of options. For new accounts at this binary option is $250 and a minimum trade size is $1.

HighLow Review

This Binary Options Broker is owned by HighLow Markets Pty Ltd. They are located in Australia at Level 14 in Macquarie House, 167 Macquarie Street, Sydney. You can reach them by phone: 1300 168 668 or through e-mail: [email protected]. This binary option also uses MarketPulse trading platform. They have their website also in Japanese and English. Among the few binary options brokers, they allow traders to open a separate demo account alongside their live trading account. The minimum trade size here is $10 and they offer naturally high low options together with Range, On Demand and Short Term Options. Many of the options here provide a payout of 200%. The traders here have more than 80 assets. For new accounts, the minimum deposit is $10 AUD/$50 USD.

Those are some of the 24Option Brokers you can choose for your trading.

 

 

 

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Binary options related scams

  During the last decade, trading binary options has become a very popular and widespread method of online trading. It was officially recognized in 2008, and the number of online brokers, binary bots, signals, and of course – the traders – is constantly on the rise. Proportionally with them, there is also an increase in the number of scams related to binary options. Some of them are easy to spot, some are not, but here are some guidelines on recognizing and avoiding binary options related scams.

 

                First of all, the very broker can be a scam, and fraudulent brokers operate in several ways. It is possible that you register with the broker, place your funds and trade without any problems, and once you decide to withdraw your money – you will be unable to do so and your account may be impossible to access or even fully deleted. Fortunately, this kind of scam is not so common anymore, since the word spreads very quickly and these fake brokers get shut down in a very short time. 419138-how-to-report-internet-fraud-810Another kind of broker-related scam is the one where the broker changes the payout rate on the same types of options. They usually do it when they need more money, or to level out with the rest of the trading community. It is not so easy to spot these changes, especially if you execute many trades daily. But if you have more accounts with different brokers, you will have a chance to compare the prices and payouts, so you can be aware of the situations when the particular broker changes their payout rates.

                Another kind of scam can also be related with brokers, but it depends on the human factor. Many scam brokers offer a “trading expert” who are supposed to guide you and help you trade, while they will actually only force you to invest more money in your trades, and you are most likely to lose it. It is even worse if you encounter an individual who claims to be a trading expert, who offers “a system” for you to earn huge amounts of money in no time if you pay him a certain sum. Of course, these scams are easy to spot, and make sure to avoid any “secret systems” for earning money, since there really is no such thing. Read more about unreliable robots and learn to make difference between scammers and good binary platforms such as TropicalTradeBinary-option-Scams

                The last type of scam to mention here is hidden in binary options robots, or automated trading systems. If you decide to choose a binary option robot to execute the trade on your behalf, it is important to choose the one with high (but not unrealistic) percentage of accuracy.  If the binary bot offers accuracy higher than 90%, it is most likely a scam, which will lose all your trades and take your money.

                Avoiding a scam can be tricky, but it is important that you pay attention to any suspicious detail you encounter and explore it further. Reading reviews, forums and other traders’ comments may help a lot, since it will give you recommendations and an insight into the scams you may encounter on your way towards becoming a binary trader.

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