A scam can be identified by various features and indicators. It’s best to know what to look for so you won’t get duped should you decide trading binary options is an ideal way to add to your current income.
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New York, New York (PRWEB) April 22, 2013
The Binary Options Experts have been receiving plenty of inquiries about binary options trading, most of which come from beginners to the relatively new method of trading. A majority of the inquiries refer to failed investments from having traded independently to relying on the worldly promises of brokers and binary options companies only to lose money. In an effort to further help both beginner and experienced traders guard against being cheated out of their investments, The Binary Options Experts have released a clear-cut post demystifying binary options scams and a list of red flags to avoid.
“In reality, trading binary options is one of the most affordable kinds of trading that you can get into and quite easily get a fantastic payout at the end of the trading period, if you are successful,” the company says in its blog post entitled “Protect Yourself from Binary Options Scams.” The truth about binary options scams, the New York-based firm clarifies, is that they are more about the credibility and reliability of companies and brokers more than they are about the realities of binary options trading.
Getting scammed boils down to doing due diligence, which means vetting the broker or the binary options company before making a go of either one’s “expert advice.” In a separate blog post, The Binary Options Experts maintained that traders should choose the right trading platform in order to protect their investments. The firm also reiterated that doing research is key to minimizing risks, which are inherent in any financial venture.
The Binary Options Experts go on to add, “While it’s true that there can be large risks involved in trading, the risk really just comes with the nature of the transaction, such as unpredictable market movement, and these risks are not what constitutes a scam. A scam can be identified by various features and indicators. It’s best to know what to look for so you won’t get duped should you decide trading binary options is an ideal way to add to your current income.”
The Binary Options Experts do not merely relate the facts about binary options scams in the released post. The leaders in binary options trading also provide four essential red flags to spot.
The initial red flag comes in the form of below-standard trading software. The Binary Options Experts clarify, “Some cunning brokers will use poor quality trading software to disguise their motives. You might think that your trade didn’t go through because of a ‘service error’ so you try one or two more times, only to learn that your trade did in fact get processed the first time. If the trade were a losing one, you would lose two or three times the amount you provided for the trade.”
The solution is to use a demo version of the software and not use actual money. “If the demo version seems to be faulty, the best course of action may be to cut that broker loose and continue looking for one that uses reliable trading software,” the Experts recommend.
The second red flag is the difficulty in withdrawing funds, especially when the account holds a large amount. The Binary Options Experts say that when it occurs consistently, this could indicate the broker is withholding that account. For investors who want to know why they cannot take out funds, the necessity of a customer service line becomes significant. The lack of or absence of customer support is the third red flag.
The final red flag to watch out for is the unreal promises of financial success. Realistic returns, according to the New York-based company, are between 65 to 80 percent.
The Binary Options Experts remark, “Most of the time, this is nothing more than a marketing strategy. They sweet talk you with incredible results and when you fail to replicate them, it’s because you ‘didn’t do things right.’ Look for a company or broker who is upfront about their trade results.”
The Binary Options Experts use only live analysts and promote education for beginner and experienced traders alike through updated content on its website and through exclusive, one-on-one mentorship programs headed by highly successful traders who earn six-figure incomes from trades alone. The company has also written a best-selling book entitled, “Binary Options Profit Pipeline: Unleash the Power of Binary Options.”
To learn more from the leaders in binary options, go to the Binary Options Experts website today.