Scam Brokers and Strategies do exist, not wanting to put anyone off investing in Binary Options, but as in most areas of life there are people out there who’s sole purpose is to get their hands on the money you have worked hard for, and Binary Options Trading is no different.
I have been scammed twice by brokers and have bought a few strategies that were a total waste of time and money, and a Trading Robot that cleaned out my account within 24 hours. You Know that old saying ” If it looks too good to be true, it most probably is “, well listen to it.
If you haven’t already seen one of these sites just Google Binary Options Strategies and you will see an array of them promising to make you thousands of dollars in the next six hours, or become a millionaire, for a small deposit of $250. These video clips will usually start with some well dressed actor claiming to be the inventor of this new found technology to make you rich, he / she will be in a very expensive home, on a very expensive yacht or driving a very expensive car and they will proceed to tell you how they were once like you and me ,bla bla, bla and how for a minimum deposit into their nominated broker account they will make you rich beyond your wildest dreams bla bla bla, and it can all be done on Auto Pilot for you. Oh and not forgetting the digital clock counting down the time left or the number of places left to get in on this once in a life time offer.
Just reading this spells SCAM, If it was this easy everyone would be into it.
If you see something that catches your eye Google the name of it under the binary options heading and there will be list of reviews, search for the review by “Binary Scam Alerts” and “Binary Watchdog”, subscribe to them, they will let you know when a new scam has been released and you can see all the scams that they have black listed.