Watch Our New Free Video
Revealed at last! The best kept secret among successful Binary Options traders
The Easiest Way to Make Money in Binary Options and CFD
Our Preferred Binary Options Broker
We currently trade at eToro platform. After testing several Binary Options and CFD platforms we find this one to be the most suitable for us. What made the difference is a unique feature that allow us to watch and copy the strategies and trades of the best performing traders on the platform. You can actually see each move the "Guru" traders make. This method works nicely for us. Since we started trading at this broker we noticed an increase of our successful trades and profits when compared to our former brokers. You may want to check them out.
Please note that all trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results. This post is for educational purposes and should not be considered as investment advice.
First, the word must be said - binary options (BO) are a legitimate and a viable financial instrument and most BOs brokers are honest and reliable - however, there are a few bad apples out there that give others a bad name. So how can you avoid falling prey to a scammer? For starter you can choose a broker from our list of The 10 Best Brokers. This are honest and reliable brokers that were checked and confirmed to be trusted.
Want to look for another one? here is a simple strategy that will help you choose a good online brokerage firm: once you decided to trade with a new brokerage site, start small and watch for any irregularities in the behavior of its trading platform (see below). Trade with small amounts, test the waters first, once everything feels OK and you are more confident with the broker proceed with your planed amounts and strategy.
So, are BO safe? if you are trading with a reputable and honest broker it sure is.
Now, How can you spot a scamming broker? I'm going to reveal to you now how the scam works - once you now how it works it will be easy for you to identify it once it is tried on you.
In a typical scam the broker manipulate the movement of the underlying asset, usually upon the expiry time, in a way that the outcome will be in favor of the brokerage. For example, If the trade is supposed to expire at, say, 11h30 and at that time it was "in the money", the option is manipulated to remain open until, say, 11h31, and that last minute is just enough for your trade to expire 'out of the money'.
According to one of the traders that was a victim to the scam, the broker has a system where you place a trade and a clock begins to count down to the expiration, when the clock ticks to zero you should be awarded a win or suffer a loss - until here this is a standard binary options trade, but listen what happens next. After the clock ticks to zero, you see this, "Expiring...." for at least another 30 to 60 seconds. During that time, if your trade was close, the stocks move just enough for you to lose your money.
The scammer uses a trading platform where the trader has no way of having an exact time for the trade to expire because the clock goes to zero, but the broker keeps it open until it moves to where they get the investor's money.
Since this broker features the Reuters logo on its site, one of the complaining investors has been spoken with Reuters who has informed him that they are looking at opening a case against the scammer as he is a risk of being fraudulent and is using the Reuters name to big himself up.
Another complaining investor stated regarding the same system of scam: "... I noticed that the web site used to track my trades was having issues with the trades actually expiring 30 to 60 seconds after the time had run out to zero. During this extra expiry time is when the strike amounts would move and I would not be awarded my winnings if they moved just enough for me to lose. Then the site started slowing and freezing so that I could not see my trades, track anything, or see information regarding possible trades."
In addition to observing the expiry time behavior of the brokers' trading platform you should also examine the behavior of the broker's asset's price movements during the contracts' time frame. You want to make sure the broker's chart follows the market accurately. You do this by comparing the broker's chart movements to a real-time chart of the same asset.
In addition to observing the expiry time behavior of the trading platform you should also examine the behavior of the asset's price movements during the contracts' time frame. You want to make sure the platform's chart follows the market accurately. You do this by comparing the platforms's chart movements to a real-time chart of the same asset.
Now you know what to look for and how to identify an online brokerage site that uses scam techniques.
On a final note - there is one misconception about how brokers make money that needs to be cleared. Some traders voiced concerns that they are trading “against the house” thus the brokers have an incentive to alter the data towards favorable outcomes for them. Well, this is not the case, a honest one will derive his income from the difference between the total sum he pays to winning trades and the total sum that he gets from the losing trades.
Let's look at an example- this is simplified to make the point. Say there are only 2 trades, same asset, same time, same expiry time. One trader chooses 'Put' the other chooses 'Call'. Now the broker is indifferent as to what will be the outcome of the trade and which of the two traders win the trade, the broker's profit will come from the difference between what he gets from the loser and what he pays the winner.
You see, online brokerage sites have a viable business model that is not dependant on the outcome of the trades. That's not to say that there are not a few dishonest ones, like the one mentioned above, that are willing to defraud their customers for a dubious short term gain that will eventually cost them their business.What are binaries, here's how you trade binaries
Sidebar: you are invited to visit our car insurance information section featuring a list of articles that may save you hundreds of dollars on your motor vehicles quotes. In full coverage auto insurance you'll discover helpful tips to getting cheap quotes. For information on how to get cheaper quotes on shorter terms see one month car insurance and also short term car insurance. For first time drivers information see cheap car insurance for new drivers. How about obtaining cheaper premium rates for mature women? no problem, look here, best insurance for new drivers over 25 year olds.
If you are interested in a half year duration see 6 month car insurance for helpful tips on the topic. How about getting more favorable premiums costs for younger drivers? see car insurance for 17 year olds and motor car insurance for under 21 and vehicle insurance for male and female under 25 years old. Here is another list of drivers insurance useful articles,
As for helpful tips regarding no deposit premium payments see car insurance with no deposit and for a list of low cost brokers, agents and companies see car insurance with no deposit companies. Read the following informative article if you are looking for better rates for the young drivers in your family, cheaper vehicle insurance for young drivers. Now, for discovering new ways to get lower quotes go to general car insurance Read this article if your after high risk car insurance information.
How about getting a better deal on first time driver? just click the link. It may come a time that you'll be interested in canceling your policy, use this article for the instruction of how to do it. Our drivers insurance hub page features a list of guides that can surely help you get dirt cheap car insurance for teens drivers rates. For those of you who seek cheap quotes for a shorter term policy, read this article. and here are tips and advice for special interest groups such as young drivers and temporary insurance.
If you have first drivers in your family look here for useful advice regarding cheap drivers first car insurance on getting very very cheap car insurance quotes, other types of policies can include the following: no deposit car insurance, pay monthly, insuring classic cars for young drivers, getting better deal on cheap liability car insurance cost, locating good rates for new drivers. how about if you are interested in pay as you go auto insurance? yep there is a guide for you. And here is a list of car insurance companies cheapest. And the list concludes with a way to calculate car insurance estimate without personal information.
Disclaimer: While every effort is made to ensure that the content of this website is accurate, the website is provided “as is” and Bizmove.com makes no representations or warranties in relation to the accuracy or completeness of the information found on it. While the content of this site is provided in good faith, we do not warrant that the information will be kept up to date, be true and not misleading, or that this site will always (or ever) be available for use. Nothing on this website should be taken to constitute professional advice or a formal recommendation and we exclude all representations and warranties relating to the content and use of this site.
Copyright © by Bizmove Binary Options Trading Center. All rights reserved.