How To Detect Binary Option Scams
Four Sure Signs Of A Binary Options Scam
Binary options can be a genuine way to make money online. Unfortunately there are many more binary option scams on the Internet than there are legitimate methods to succeed with binary options. This article will show you how to detect binary option scams.
Almost every week there are 6 to 8 new binary option scams hitting the market. Almost all of them are automated trading robots that are designed to lose money for the user. Most of these are used in conjunction with unregulated and unscrupulous binary options brokers.
In order to activate the supposedly fool proof trading robot you are required to register and fund and account with the so called recommended broker. At this point the only thing that is automated is the fact that the money you have deposited will disappear rapidly. Detecting these binary option scams is relatively easy as they are all very similar.
Number One Way To Detect Binary Options Scams
The number one give away is the requirement to register with a specific recommended broker. Many times the actual robot promotion is being sponsored by the binary options brokerage themselves. They know the system is programmed for you to lose and it is a very profitable although unethical way to make big money.
Number Two Way To Detect Binary Options Scams
The second give away is that they will put the bums rush on you by telling you there are just a limited number of openings left and you need to join right now to secure your software. The truth is that if you come back tomorrow or even next week the same limited number of openings will still be available.
Number Three Way To Detect Binary Options Scams
The number three dead giveaway is that these scam products almost always contain fake video testimonials. In fact if you watch enough of them you will start to become familiar with the actors that are hired to produce them. These guys are hired on Fiverr.com for peanuts and will give a live testimonial for just about anything on the planet. If they were making the kind of money they say they are they would not have to be doing $5 commercials.
Number Four Way To Detect Binary Options Scams
The forth sign of a scam are the faked Photo Shopped earning reports and bank accounts.These guys always show you an account that contains remarkable amounts of money earned from their automated system. However, f you check the dates on these screen shots many times you can detect the blatant lies that these statements contain. Often the miss critical things that clearly identify the images as being outright fakes.
I don’t want to seem negative but these phonies are polluting the binary options business. Binary options done right are a good way for someone to make money online. You will not become a millionaire in 90 days but you can make some good money.
Over the long haul I have only found a few automated robots that actually work. One of them is OptionBot 2.0 which has been around for years and is still making money for people. Generally you stand a better chance of succeeding with binary options if you learn to trade them manually.
Of course most people are looking for the easy way out and manual trading does take time and effort to learn. However, if you devote the time to learning the proper way to trade you can succeed in making money trading binary options.
Norbert R. is a former German banker who has been teaching seminars on trading for years and is now offering a free online training course. If you want a concise and useful way to trade binary options you should check out his course. It is actually free to learn and does not require a specific broker in order to use it.
Get more info here: http://thegermanbankersecret.com/Free
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Any income claims made are not typical. The majority of those that use this system make no money at all. We have not recorded the actual results of users of this system and make no claims as to your ability to accomplish these income claims. In many cases actors have been used in our videos and Norbert is actually a pen name utilized to preserve privacy.
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