Binary options trading legitimate
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If you prefer to opt out of giving this information, we don't mind! Sarah specialises in explaining complex subjects in an accessible and engaging way. Sarah Pennells is a money expert, broadcaster, author and personal finance journalist who specialises in explaining complex subjects in an accessible and engaging way. Contact him on juliusrecoveryexpert gmail. Have you lost your hard earned money through the binary option scam? Do not give up.
I have a good news for you. I had doubts it was possible to recover lost funds but big thanks to Julius for helping me recover a huge sum back.
Research the terms of trading and beware of any references to settlement figures based on anything other than real world prices. So those are some key warning signs that should make any potential new trader stop and question what they are being told.
If you have come across any of the above, identify the broker involved — and trade elsewhere. Even this however, might carry risk. The reason is, as well as the scam operators, there are review sites that are also dishonest. There are a couple of ways that consumers can protect themselves and find the trustworthy reviews. The first method is in looking at the offerings elsewhere on the review site — if other scams are being promoted, then the reviews are not credible.
Ask these question of the site:. The second method is regulation. If a binary option site lists FCA regulated brands as we do!
That site must be completely honest about the high risk nature of binary options, and it must have accountable individuals, based in the UK who operate it. If it does not, then the FCA firms would not allow their brands to be marketed by them. Here however, is another level of complexity. Some binary options brokers have sought to register with the FCA. This is not the same as being regulated by them. A brand offering only binary options will not be fully regulated by the FCA.
This is because binary options are currently regulated and licensed by the UK Gambling Commission. So the list of binary options brokers regulated by the FCA is actually very small. In addition to the services below, the FCA have published a list of firms who are not authorised to trade binary options in the UK.
While stopping short of calling them scams, the list provides a picture of firms who are prepared to break the law by offering unregulated trading. They are almost certainly best avoided. The list can be found here:. The marketing in use here is an obvious red flag. Unfortunately the claims are not true. The Brit Method is a scam that has been used before. Here is what you need to know to protect your money;. The Brit Method promises to be a binary options trading strategy that can make you hundreds of thousands of Dollars within a few weeks.
The Brit Method is nothing new. It previously was called the Aussie Method and the Canuck Method, and each time the site had to close due to its bad reputation. Even the guy who supposedly invented the genius trading style is the same.
There are many fake testimonials on the website, but make no mistake all of them are made up statements with stock pictures of people who never heard of the method. Similarly, all the promises made by the Brit Method are lies. The site essentially promises immediate, unlimited gains, but provides little information on how it wants to accomplish this goal.
The site also promises to get you started for free, which is a lie, too. But even if you make the deposit, you still wont have access because there is no system. The money is gone, and you will never see it again. Avoid the Brit Method at all costs. Also, be aware of all future version of the scam. In all likeliness, there will be a German Method and an American Method and they will very likely to use exactly the same methods to con people.
Once invested in the scheme, victims have reported that their money begins to disappear quickly. The scammer does everything they can to keep the victim in the program but inevitably they stop taking the victim's calls and, after a short period of time, it is common for the firms to disappear. Do your research on the offer and the company. Don't agree to anything straight away. Skip to Content Skip to Sitemap. Enter a search term. Home News Don't be lured into binary options scams Listen.
Don't be lured into binary options scams 9 September How these scams work You receive a call out of the blue offering a secure investment with fast, high returns. The scammers have professional looking websites to help them appear legitimate, usually with a login process, personalised account details and a trading platform.