How can be cheated the binary options trader

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
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  • BINOMO
    BINOMO

    2nd place in the ranking!

How can be cheated the binary options trader

Today, in the segment of binary options, the situation with fraud and deceit seriously stabilized. It is rarely possible to encounter companies that were originally created to deceive traders, brokers without licenses and operators who do not pay customers their earnings. However, many newcomers, with no experience in trading and choosing professional companies for trading, often begin their activity on unsafe platforms. Today, we offer a basic list of tricks used by unscrupulous binary option brokers, which lead to the loss of investors trading capital and initial investment.

So, considering the fraudulent schemes of brokers of the binary market, it is worth noting that the trader when working with options is completely in the power of the broker – here there are created both technical and financial conditions for cheating clients. The basic methods of deception include such well-known approaches:

• Frauds with quotes chart

Traders carry out the whole process of trading on specialized online services (terminals), which are provided by brokers of the binary market. Thus, the entire technical side of the trade is provided by the operator. This allows undisciplined companies to manage the trader’s result.

The simplest method in this case is the variant with untrue liquidity indicators of the asset. Twisting the indicators of the value of the asset and the direction of the trend of trade quotations, distort the indicators of technical analysis that the trader conducts in the process of trading. This will no doubt lead to loss of funds by the client and, accordingly, the broker will earn his profit.

The second variant of manipulation of quotations is expressed in impulse winding of the market movement. Experienced traders know that rapid changes in the value of an asset at many price points are extremely rare, especially when there are no news drivers. Therefore, long candles quotations, which are formed on the trading chart for no apparent reason, should alert investors. It works simply – the broker, controlling the work of the terminal, can clearly determine the volumes of trade of its customers, forecasts at a certain point in the market and the number of trade items issued on the market. If many traders make the same, and most importantly – highly probable market forecast and use large amounts of funds in contracts, then the binary option broker can lose significant funds. Therefore, having a technical capability, the company sharply increases the volatility of the asset market in opposition to the forecasts of traders and thereby makes options, issued by customers, unprofitable.

The third variant of the “work” of a broker with quotations is the use of own algorithms for their construction. Simply put, the operator himself draws the schedule as he pleases. This is due to several factors. First, – liquidity is provided by specialized companies that are engaged in the calculation of schedules. This is an expensive service for which scammers do not want to spend money, and secondly, in this option, the list of opportunities for technical operations with quotes is expanding significantly. Thirdly, you can not waste your energy on developing a specialized terminal, it’s enough simple program to allow traders to spend, and the broker to earn capital.

• Obsessive bonuses

Many novice investors perceive bonuses as an excellent means to increase operating capital in the hope of earning higher returns. Yes, this is an outlet for investors with minimal trading capital. However, one should remember here that any funds offered by the broker will have to be worked out – the standard condition accepted on the market is the development of bonuses by obtaining a turnover of 30 times the amount of bonuses. Safe brokerage sites give traders a choice – whether or not to use this format of the marketing product. Scammers offer bonuses without an alternative – the client, replenishing the account, receives bonuses automatically, thereby condemning himself to bondage. It turns out that as long as the trader does not work out bonuses, he will not be able to withdraw the profits, and in the process of working out, it is easy to lose all the means of capital. For this reason, you should not work on platforms where it’s impossible to refuse bonuses to the company.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

• Monetization conditions for profit

So, you are a successful trader, you can properly analyze and receive a stable income in the binary market. But not all companies easily part with money. The withdrawal of profits to a bank account or other payment service is a big problem on unlicensed platforms. The main method of fraud in this case is the creation of unrealistic verification conditions and additional requirements for withdrawal of funds.
Scammers try to tighten the verification process by constantly supplementing the terms of its conduct, in the hope that the client will get bored, and he will simply leave the platform, leaving his capital to the broker. Account verification is a necessity that is conditioned by the conditions of market-regulating bodies, but scammers are covered by this requirement and offer traders simply impracticable conditions for this process. Therefore, before you make out an account and replenish it, study this issue in order not to become a hostage to a broker later, and to receive all the earned funds.

We gave the main set of techniques for unscrupulous brokers, which can lead to the loss of capital by the trader of binary options. Despite the fact that today there are fewer and fewer such companies, they are still online, than they cause a significant reputation damage to the binary market. However, if you choose the right broker, you can avoid unpleasant situations. For example: if you started cooperation with a licensed company that works with quotations provided by well-known liquidity providers, provides the option to refuse bonuses and offers the simplest conditions for withdrawing profits and verifying an account, you can earn stably in the most comfortable conditions. In this regard, the best option is to offer platforms from brokers of binary options from our TOP 3. These companies offer their clients the following technical conditions for trading:

• license
• High-precision quotes from global liquidity providers
• Selection in the issue of the use of bonus offers
• Monetization of profit for 24 hours without additional conditions and with a simple verification regime

Be careful and careful: money attracts scammers, do not become their victim and earn in safe conditions!

“General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds.”

Fraud and manipulation at binary options brokers

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.

7 Binary Options

Marcio

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When you visit Binary Cheat, the first thing you will notice is a huge video banner running along the top of the web page. If you click on the video or even if you don’t, it will start running. In this video, a guy claims that he purchased the so called secret formula to trading online which allows him to in his words ”cheat,” brokers and in turn make millions.

Another ploy used is that he asks people not to reveal what software they are using because that will get him into trouble. Apparently, it is some big secret which if revealed will mean that he is taken to task.

Despite asking you to keep a secret, he is willing to reveal the software to anyone who signs up on his website. Not only that but they will get it for free. Which means it is not exactly a secret! If you haven’t yet figured out why Binary Cheat is nonsense just yet then allow me to elaborate:

  1. The claim is that the software is a secret and if revealed it will get him into trouble, so everyone needs to keep the identity of the software a secret. But then he turns around and is willing to give it up for free after a person is signed up. It begs the question that if the story is true then why is he revealing the software to everyone?
  2. Then he claims that the software helps him make millions because it uses a secret cheat discovered. But if the cheat is revealed it will be shut down. Again why is he sharing it with the world for free?

The offer doesn’t expire, this is a typical tactic used by shady marketers

I think this guy is taking everyone for a fool. Anyone who believes these lies is perhaps better off with losing their money by signing up. But any person with an IQ low enough fall for this scam will not have money!

It stands to reason that if in fact some flaw was discovered with an online trading brokerage or the bank the last thing people do is share it with everyone online. To start with exploiting holes in computer systems is illegal, and then cheating banks or any other financial institution is a crime in itself.

Anyone who is found to be using such a method and generating millions will land in prison. Plus, if a growing number of people started exploiting this so called ”cheat” then it will be patched ASAP.

How does Binary Cheat work?

The system is actually pretty simple, and anyone can understand it. What we mean is that it does not exist. It is solely a lie told to people to gather their personal information via the registration form and deposit money. Besides any and all money invested will be lost.

Once people register with the website, they are asked to choose a binary options broker to sign-up with, but you need one that’s recommended by the website. You cannot use any other broker than those which are recommended to you by this website.

You also have to use the link provided. So, click on the link provided by Binary Cheat. They say if you do it without using the link then you’ll not get the free software.

The pitch video is a pain to watch

Interestingly a lot of emphasis is on the last part, and that’s because they want brokers to know which website referred them to the service. In our case, it will be Binary Cheat. Brokers pay a referral fee for every trader they refer. That’s how the system works to enrich the scammers.

The shady brokers recommended know that the system is a scam. So, traders are always going to lose money. Plus, with the money, they are charging they can easily pay these scammers a commission for every registration.

That’s how the system works! It’s simple, and yet it is a scam which will suck in all your money giving you nothing in return.

How should you avoid this scam?

Again, pretending that sign ups are somehow limited is a normal tactic

The software is pushed by various websites, and you may also receive emails about it. Marketers promote this product because obviously, they get a commission each time a registrant pays $250 on the broker’s website.

If you don’t believe what we tell you just visit one of the shady brokers’ websites. Take Joint Venture for instance which promises marketers will receive a commission of $250 for each deposit and registrant. As a matter of fact, they host a competition and promise to pay marketers that refer the most number of people. Now, this should give you a good idea of how this scam works.

The website also offers marketers email templates which they say are proven to work and all they need is to fill in the blanks. Marketers use these templates to send out mass emails using their lists.

Conclusion

Shady review websites in addition to emails are used to reel in people and not necessarily from the trading industry. If you happen to come across any email pertaining to Binary Cheat or something similar steer clear of it at all costs or stand to lose your money.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

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