Binary Options Scams? The scam is something that tricks you. There are many scam binary software, systems, especially the offshore ones.
Is the trading industry itself a scam? Not really. You are betting on the moves of currencies or stocks or commodities and this way you can either win a good amount of money or lose money. Binary Options have to do much more with gambling than trading, but no, it is not a scam if you trade (gamble) with a brain. What is great about Binary Options (compared to online gambling/Casino) is that you are placing your bets not against some unknown scripts, but against a transparent money market where you can see the changes in prices not only at your brokerage but also elsewhere.
Still, there are many scams, especially in the binary options industry. You can easily open your own binary brokerage account for like 10k USD and register it somewhere on the British Virgin Islands, there is nobody who will make you pay your clients back if you don’t want to.
There are many ways Traders can get scammed in binary options trading. We had really various cases in the last few years. Some brokers associated with Auto traders or Robots or so-called money-making software just refuse to process the withdrawal request, some of them have dubious terms and conditions, other trick customers into depositing and taking a bonus, which also has these terms and conditions attached. In several cases, we have managed to get brokers to process the withdrawal for clients. In some of these, we had to blacklist them.
Like a rat to the cheese, the O’ Doctor sniffs out traps, scammers who would talk you out of your hard-earned money by selling you lies. This is where I tell you the TRUTH. Stay away from the germs and infections listed below for safety. Click on any Binary Options Scams link for details: