Fraud is a serious subject, which also concerns binary options trading. Because no one wants to be deceived and no one wants to take an unnecessary risk. If you choose the wrong broker you will undergo such a risk on the other hand. We cannot deny that there are brokers who are deceivers – no matter what kind of. Contrary to them, there is a handful of reliable brokers at which you can trade without any worries.
A good example here is Anyoption, one of the leading brokers in the world, which has an excellent customer service and where each trader feels good. Examine this broker better – You won’t regret and won’t be cheated. Simply click here!
Types of fraud at binary options trading
You certainly are asking yourself how you would be deceived at binary options trading – we will reveal it to you in detail.
Unreliable payment process – The international finance traffic is very complicated and new payment methods like eWallets challenge many providers. In order to be able to offer a payment method like Mastercard you have to fulfill many criteria as a provider. This requires among others, that the provider knows its customer and is able to define his/her identity. The result is that one needs to be tortured with a lot of forms before a payout takes place. Such hurdles do not exist while depositing. Depositing works mostly without a problem in a few minutes. An unreliable broker has then the possibility to refuse the payouts due to unrealistic reasons. It can ask for verifications and documents which you cannot have at all. Normally a copy of your identity card and a bill (such as an electricity bill) which proves the address are enough. At least, at reliable brokers it is the case and a payout takes place faultless if you cooperate. Also, you need to have these documents ready before making a deposit to assure that you can make a fast withdrawal.
Faulty Platform – Some platforms are supposed to exist which bring the provider additional advantage by manipulating the rates slightly. These small manipulations are not noticeable for traders or at least they are not provable. Only a direct comparison with the Real-Time rates can be helpful which is not possible to achieve for an ordinary trader. Imagine you have an option, which is in the money starting from 1,8375. Shortly before the expiry date, the rate is at 1,8375. As a trader you wouldn’t perceive a small jump to 1,8373. But this small jump means that the money is now out of the money. The trader does not obtain anything then, although the actual and not manipulated rate was 1,8375. What can a trader undertake to avoid this? Trade only at the big platforms, which are used by the brokers introduced at Binaryoptionstradors.com. These platforms work all the same way and without any problem. Do not trade at unknown platforms.
Which brokers are cheating?
First of all, it should be mentioned that there are only a few brokers that really deceive. The reason is very clear: because of the way binary options trading works, brokers earn already good money in an absolutely legal way, without any cheating. Why should a broker take the risk of getting out of business only to earn a little bit more? It makes indeed no sense and therefore the motivation to deceive is little. Therefore there is not (yet) a list of brokers that deceive their traders contrary to the cases of Forex- or CFD, for instance.