How To Recognise A Binary Options Scam
Recognising a binary options scam is not always that easy, especially if you are a beginner to the world of trading. The unfortunate truth is that there are a great many binary options scams out there. These are trading programs, brokers, and/or signals services which have the express intent of draining your trading account. Their aim is to sucker you in, get your trust, force you to make a deposit, and then rip you off the second you look the other way.
There have been many people out there who have been conned by a variety of binary options scams. Even worse is the fact that we think we live in a reputable world, but in all reality, something like 99% of all trading platforms out there are money stealing schemes. Binary options scams can be very dangerous and they can sometimes cost you much more than that initial deposit you made in the beginning.
These scams can ruin lives, and that is no joke. We here at Binary Options Army have a whole lot of experience in recognising scam programs, so we are going to teach you to do the same. There are many different red flags and indicators, that when you see, you can rest assured that the program in question is nothing but a binary options scam. Let’s get to it and teach you how to recognise a binary options scam.
How To Recognise A Binary Options Scam - Bogus Creation Dates
One of the first ways in which you can tell a scam from the real deal is by checking out the creation date associated with the website of the service. All too often the crooks behind a service will say that their program has been in use for several years or months when that is actually not the case. These criminals try to convince us that their service has some clout and has established a legitimate reputation.
Saying that this signals service has generated x amount of dollars since it has been created x years ago is a sneaky of way of luring people in. Well, we would advise you to always go to a domain registry checking site such as whois.com, where you can see exactly on what day the service in question was registered. If the creation date from the domain does not match the story told to you during the presentation video or on the site, you can rest assured that it is a binary options scam.
Recognising A Binary Options Scam – Paid Actors
Now, this one is a little trickier to recognise, because often the people in the video do seem like they could be trustworthy and knowledgeable. What you need to do before using any binary options trading program is to look up who is behind it. It is pretty easy for a service to hire a paid actor and assign him some random name, even simpler is to come up with some bogus company name.
In order to find out if it is a scam, you need to go to Google, other search engines, and social media sites in order to do some research. If you can’t find the person or company which is supposed to be behind the service in question anywhere, you can be sure that it is a binary options scam.
Telling A Binary Options Scam From The Real Deal – Cheap Marketing Tricks
Yet another way to tell if a service is a scam is to recognise when they are using well-known sales ploys to lure you in. Some of the most famous marketing tricks include “There are only 25 spots, so sign up now!”, as well as the good old “If you sign up in the next 12 hours, you will get to use it for free!” These are just some examples, but the point is that if it seems too good to be true, then it probably is.
A Binary Options Scam With No Explanation
Another surefire way of telling that a trading program is a scam is when we are given no explanation of how the program works. We want to know what indicators are used, what strategies and trading methods are in play, and what algorithms run the program and decide on profitable trades to execute. If a program gives you some bogus explanation like “We use state of the art trading strategies in combination with lighting quick software”, you can be sure that it is nothing more than a scam. You want details, not overly generalised statements.
The Inflated Profits Of A Binary Options Scam
The next indication of a scam is whenever any program promises to have ITM rates over 90% and daily profits exceeding $850. The very best of the best trading programs out there can achieve those numbers, there is no doubt about that, but any more than that is just ridiculous. Any program that promises profits of $1,500 per day (or more), guarantees risk-free trading, or claims to be able to turn you into a millionaire in just a few months is definitely lying through its teeth. You need to know that while binary options trading is lucrative, it is not nearly as profitable as some scams would have you believe.
The Scam Brokers Of A Binary Options Scam
The final way in which you can tell a scam from the real deal is by checking out the broker used. Now, if the program in questions forces you to sign up with one specific broker, it is already a bad sign, because chances are that the broker and the scam program are working in cahoots. The best way to tell is to go read several reviews, including ours about the best brokers and inform yourself about the history and results of the broker in question.
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Binary Options Scams - Conclusion
The bottom line is that you need to be able to tell a scam from a legitimate trading solution if you want to make money instead of losing it. Keep in mind what we talked about above and you should have no problem finding a program that works for you.
If you do want to use a good binary options trading program, we would recommend using MS Management Software. This is a relatively new binary options and Forex trading program that has been personally tested by our team of dedicated experts. Depending on market volatility and market conditions, it can have some really good ITM rates and fairly substantial daily profits too.
READ: MS MANAGEMENT SOFTWARE REVIEW: THE REAL DEAL!
IMPORTANT: If you have any questions, issues or you experience any problems please email us and we will be glad to assist you. Our contact customer support email is: [email protected]If you register with this service from our website then you will always have our full free support in case you run into any issues or problems. Remember that you are not alone, with us you will always be safe!
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