Binary options User protection: Who helps with scams and removals?

Binary options are praised in many online portals and of course by the brokers themselves in the highest tones, while the advocates of users criticize the trade sharply. In fact, there have been some problems with binary options providers in the past, as this is still a relatively new form of investment. Especially in the early days, the lack of market regulation left many dubious brokers who cheated their customers in various ways. But is there anything to prevent binary options trading in general? Or do they offer a good opportunity to get it to achieve high profits? Under what conditions can safe trading in binary options succeed? In the following article,

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Are binary options a good way to start trading in the financial markets?

Many very successful traders today have found their way to trade financial products through binary options. This offers several advantages for beginners:

• Only a few steps are required to place a trade
• The possible profit or loss is predetermined from the start, so no complicated calculations are required
• For most brokers, only a small minimum deposit is required, others do not require a minimum deposit.
• With a free demo account trading can be experienced without obligation and without risk
• No additional funding. Therefore the trader can lose the maximum amount available in the trading account

That sounds very positive at first, but with all the advantages, the disadvantages are often hidden. Advertising for binary options therefore usually presents them as very biased.

Disadvantages of binary options:

• Binary options are highly speculative: price trends are difficult to predict even with good analytical technology
• If the price is predicted incorrectly, the complete bet for this trade is usually lost
• The brokers usually provide the courses themselves. In the case of dubious suppliers, fraud cannot be ruled out
• Binary options, like gambling, can be addictive
• Terms for trade are given. Leaving early or late is not possible

Are binary options a form of gambling?

Binary options are often compared to roulette or other games with a 50% winning probability. Of course, brokers do not like that and professional traders are usually interested in putting their activities in a better light. It is said again that binary options can influence the outcome by allowing traders to learn price analysis and thus predict price trends with a probability of better than 50%. Indeed, a professional trader may better his chances through good analysis significantly increase. But this is not so much an improvement that now almost every trade is won. Even the professionals earn more than half of their trades, but that’s enough to trade with positive expectations.

 

 

Consumer advocates criticize in the presentation of analytical options that beginners get a false idea of ​​what is possible through comprehensive “education”. Even the professionals do not make constant profits, but the results are subject to strong changes. High loss phases are part of this despite optimal price analysis and can only be overcome through consistent risk management.

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Can I trust binary options promotions?

Binary options are becoming increasingly aggressive and are sometimes advertised with very dubious methods. Therefore, caution is advised when advertising binary options, and in case of doubt, additional information should always be obtained from independent sources.

Like any other product, Binary Options Advertising highlights the benefits, while minimizing or glossing over the downsides. It is indeed possible to make up to 90% profit in seconds when trading. That this statement refers to one trade and at the same time losing 100% is possible, is not mentioned. Even the best professional won’t win all his trades. Therefore, there is no single trader with an average profit of 90% per trade, which is why the statement is confusing and leads to misunderstandings among the target audience.

 

What does “over-the-counter” mean?

Binary options are not traded on a stock exchange, but directly between two trading partners. It is also not a “real” product that is purchased, but just settles the bet. Therefore, binary options can now be offered by several bookmakers. Due to its independence from the stock exchange, trading is not tied to opening hours, but can take place around the clock. The fee is much lower than in stock trading because the exchange fee stops completely. Therefore, stock exchange trading offers many advantages, but also Weaknesses cannot be hidden: In off-trade trading, the price is usually provided by the broker himself. As a result, price developments between individual providers differ in some cases significantly and course designs cannot be reconstructed. Even if the leading supplier fixes the price purely in terms of supply and demand, it is certainly possible to manipulate the price in such a way that the trader suffers from this weakness. Therefore, it is very important to only trade with reliable providers with binary options.

How can I tell if I’m being scammed on trading binary options?

To reduce the chances of fraud from the beginning, you should be careful when choosing a broker. Check whether the provider you are considering has sufficient regulations and search the internet for other traders’ opinions. Also on our website, you will find many reports about various providers, which can help you in your search for a reliable and reputable broker.

 

 

However, if you suspect that you are being cheated in trading, do not hesitate to contact the Consumer Advice Center or another advice center with your questions about this particular binary options broker. This may already be a complaint from other users to this provider, so that it can be taken together against fraud.

However, not all losses in trading are due to fraud. Because it is a highly speculative form of trading, high losses, up to the complete loss of invested capital, even with reputable suppliers are not common. Do not shed Also, with questions to customer service to contact your broker. For a reputable broker, there should be a lot of interest to clear your uncertainty and you will get a quick response.

 

How can I increase my chances of winning?

Although critics often refer to binary options as “pure gambling,” there is a difference. With binary options, traders can indeed influence their chances of winning. Through good price analysis the price movement can be predicted with a higher probability of arrival. There are different methods for this. The better they are mastered and the more methods are combined, the more accurate the results. However, you cannot deny the possibility of price analysis. Even very good analysts can use their chances of winning it to increase within a limited framework and win only a few percent more trades than beginners who rely entirely on chance. Therefore, price analysis should not be seen as a hedge against losses,

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Am I really getting paid for the bonus?

Many vendors advertise to give new customers to welcome additional credit. However, if you take a closer look at the general terms and conditions of the broker, you will realize that this is not just a gift. Binary options bonuses are almost always tied to results. The trader gets the bonus balance even on his trading account but cannot pay it before he trades with a relatively high amount has been placed. Although this amount can be divided into many smaller trades, so even with the bonus no trader must act outside his personal comfort zone, but it only has a large amount of money to implement to pay a relatively small amount of bonus act . Here too, Consumer protection criticizes binary options brokers for not always clearly presenting bonus offers. The fact that bonuses and also deposited credits are often already gone, before the bonus conditions can even be partially fulfilled, is certainly not clear when advertising for broker bonuses.

However, bonus offers are not always bad. Just don’t be persuaded to pay more for a possible bonus than is reasonable. If you only use money for trading , which you report as risk capital and not the other way around, bonuses are a good additional way to get more credit on the trading account.

I lost everything with binary options. Who can I contact?

In most cases, it makes sense to contact the Customer Center or similar if you have problems with a binary options broker. Although they may not be able to recover their own losses, they can determine if there is potential for fraud. For clients of other brokers as well, it is important for traders to report high unexpected losses, so that it is not just success stories of brokers found on the internet, who seem to have managed to make a profit. Finally, the danger must be demonstrated.

For self-traders, it may be useful to seek advice from consumer advocates. For example, it can be determined whether further losses due to similar investments will occur. Consumer advisers can also advise on the best way to deal with losses if they represent a serious financial burden.

Of course, indeed, from the beginning to invest only money in speculative investments, which can be released with an emergency without limits.

 

Is consumer protection considering binary options really critical?

We analyze binary options trading in detail and inform ourselves about various brokers. The criticism of consumer advocates for binary options we can understand and keep them mostly appropriate. In fact, trading binary options involves a very high risk for traders, because even if they do everything, high losses threaten. Even the entire investment can be lost in no time. Therefore, only money needs to be invested, which is not needed for life or purchase purchases.

There is also a risk of fraud, therefore a broker should be chosen carefully to trade in binary options. Pay attention to the regulations by recognized authorities and also research the experiences of other merchants with these providers. Before applying, the terms and conditions must be read carefully. Here it is often criticized by consumer protection, that some clauses in unserious providers in Malaysia cannot actually be allowed. If you encounter any ambiguity while reading the terms and conditions or if the terms and conditions are questionable, it is best to contact the Consumer Protection Advisory Bureau before you can open a trading account with this broker.

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