Binary option trading: how to avoid scammers?

People who seek for money, may come across a lot of websites for so-called “self-made” investors. And the binary option trading is the most popular topic. So now you watch different videos, read the stories of success and surprisingly finding yourself entering you card details into form on the site. In several hours, you may lose everything you got and even get debts. So here is some information that will help you to avoid this situation.

We are talking about default scheme that promises you to get rich fast. But for the person who does not know a thing about binary option trading or market movements it seems to be a scam. The trading itself is the complex process that is bonded with a vast of factors (for example, time of the year or current weather in the Thailand), so you will never get rich in 10 minutes. Fake brokers will manipulate you, that is why it is so easy to detect them.

How to define scammers : a step to step guide for Thailand citizens?

Most of binary option brokers will offer you demo-account. Fake ones will want you to enter your card data just before the process, so you should not do it. Another trick is constant winnings. Imagine, that you are in demo-mode and you keep on making right predictions. The sum of virtual money had reached 50000, you feel that binary option trading is so easy. In 10 minutes you have made a donation and meet the real market. Several predictions, all them are wrong, you lost your money. You want to locate the scammer, but it does not seem to happen.

Unfortunately, we have to remind it, but you should never pay a cent to broker that is not trusted by you. It is great that we live in the age of internet, so you should check the reviews first. We recommend you to find the opinions of real people: most of platforms is integrated with Facebook, and it is easy to differ the real person form fake page. The same statement is true even for trusted brokers. Some of them lost the competition to the new ones and their owners just cheated the clients and stopped the payments.

5 simple rules that will help you to save your money:

  • Before investing spend some time on checking the information about the broker. There are tons of fakes.
  • Never give your personal information through the phone or unprotected connection. Most of browsers have green square at the start of address line. This is the sign of the trusted service that was licensed and did not violate the law.
  • All the information about the investments must be sent to you. Print it and show to your advisor. Financial law assistance is not so expensive.
  • Never make a decision in short amount of time. Make your personal research about binary options trading and your future broker, contact friends and relatives, they may help you to change your mind.
  • Understand the risk. Most of us think about possible profits, but you should also remember about the potential losses. Discover your personal economic situation. If you cannot afford yourself to lose more than 50 dollars, forget about binary options.

In case of scam, call the police as fast as possible, but in most of cases preventive measures are much more effective. Any kind of loss may be avoided. You are a smart person, so you have to understand that binary options are not the way to handle with your issues. Anyway, people who, can spend some time for learning and understanding of main trends in market movements, are always welcome in the world of online trading.


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