How to Identify Scam Brokers? Some Binary Options websites with the following methods try to cheat customers
Change the price of financial markets intends harm to the clients:
In this case, the broker with the artificial intelligence software created fake prices and with the help of psychology with a perfect evil scheme try to eliminate their customer investment.
The customer benefit can obtain in accordance with broker law and can remove from the system:
In this case, the lucky or professional binary options customer makes a profit in this market but the binary options broker eliminates this profit.
Broker ignores clients withdrawal request:
Delay customer withdrawal requests for many false reasons. Push the customer to give up getting money or profit. Moreover, customers due to the lack of inconvenience to get profits make emotional trading and intentionally eliminate investment. Plus he/she losses money from his /her trading account (however even though the client does not eliminate his/ her own money, the Broker will not pay).
They do customer withdrawal in the form of simulated.
They inform the client that they have sent money but they did not and will not send money. By doing this in a history of the software is recordable withdrawn can. The Binary Options company throws responsibility to the bank and makes themselves clean and innocent.
Binary options, in a number of countries around the world such as Cyprus, are completely supervised by the Central Bank. But this supervision does not mean the Scam activities of these companies in other countries like the United States of America or some other countries. In other words, many countries have legal limitations in this case. Some other countries such as Australia and New Zealand have recently announced Binary Options companies.
How to Identify Scam Brokers?
- Your Comprehensive Guide to the Top Binary Options No Deposit Bonuses List
- Free or Paid Binary Options Trading Signals and Trading Bots
- Free Trading Contests and Tournaments on Binary Options Platforms
- What is a binary options demo account?
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