Binary Options Consumer Protection: Who Can Help with Fraud and Traction?

Binary options are highly regarded by many online portals and of course by the brokers themselves, while consumer advocates criticize the trade very much, in fact there have been some issues with binary options providers in the past because It is a relatively new form of investing in the early days, especially due to the lack of regulated markets, there were many dubious brokers who cheated with their clients in a variety of ways, but in general. Isn’t it advisable to trade binary options?Or do they offer a good opportunity to get high profits, under what circumstances can binary options be traded safely? Here we want to answer these and similar questions and go to the bottom of the warning from the Consumer Advice Center.

Is binary options a good item to trade in the financial markets?

Today many successful traders have found their way to trading financial products through Binary Options, these offer several advantages for beginners:

• It only takes a few steps to trade
• The potential profit or loss is clear from the start so no complicated calculations are required.
• Many brokers require a small minimum deposit, others do not require a minimum deposit
• With a free demo account you can get to know trading with no obligation and no risk.
• There is no additional payment obligation, the trader can lose the maximum amount that is in the trading account.

Sounds great at first, but with all the advantages and disadvantages, often concealed advertising for binary options is often very one-sided.

Disadvantages of Binary Options:

• Binary options are extremely speculative: price trends are difficult to predict even with good analytical technology.
• If the price is predicted incorrectly, the entire stake for this trade will most likely be lost.
• Brokers often set their own course, so fraud cannot be ruled out for suspicious providers.
• Binary options, like gambling, can be addictive.
• Specify the duration of the trade, cannot be issued earlier or later.

Is binary options a form of gambling?

Binary options are often compared to roulette or other games with percentage chances. Of course, brokers don’t like to see this at all and professional traders, often interested in putting their work on optimism, are emphasizing again and again that binary options can influence the outcome by users. Traders learn price analysis and thus can predict the path of the price with higher probability. 50% In reality it is possible for professional traders to analyze their chances through good analysis a significant increase, however this is not a significant increase that almost every trade receives. Reward now Even professionals only win less than half of their trades but that’s enough to trade with plus expected worth.

When it comes to analytics options, consumers advocate criticizing beginners to misunderstand what is possible through extensive “training.” Experts don’t consistently profit either. But their results can be highly volatile, in spite of proper price analysis, high loss periods are part of this and can only be overcome through consistent risk management.

Can I trust binary options advertising?

Binary options are advertised more seriously and sometimes use very dubious methods, so be careful when advertising binary options and when in doubt always seek additional information from independent sources.

same as other products The pros of binary options are highlighted while the cons are measurable or even completely concealed, it is possible to make profits of up to 90% in seconds when trading, not mentioning what this statement means. As far as one trade and 100% loss is possible at the same time, even the best professional won’t win all his trades, so there is not a single trader with an average 90% profit per trade which is For one reason, the statement is misleading and leads to misunderstandings among the target audience.

What does “impact trading” mean?

Binary options are not traded on the stock exchange, but are directly among the trading partners. But it’s only a complete bet, so binary options can now even be offered by some bookmakers. The fees are also significantly lower than when trading stocks as an exchange, the fees are eliminated completely, so trading off-exchange has many advantages, but so should the disadvantages. Overlooked: In over-the-counter trading, prices are often set by the brokers themselves, as a result, the course curriculum differs significantly between individual providers and the course design cannot be verified by serious providers only. Prices are set based on supply and demand, but there is certainly the possibility of price manipulation in such a way that traders suffer from it, therefore it is extremely important to only trade Binary Options with trusted providers.

How do I know if I’ve been scammed when trading binary options?

In order to keep the chances of fraud as low as possible from the outset you should be very careful when choosing a broker, check that the provider you are looking for has adequate regulation and also look for. Opinions of other traders You will also find many testimonials from various providers on our website that will help you in your search for a reliable and reputable broker.

However, if you suspect that you are being scammed while trading, do not hesitate to contact the Consumer Advice Center or any other Advice Centre. If there are any questions you may have about this binary options broker, there may be complaints from other users about this provider so that fraud can be dealt with.

But not every loss in trading is caused by fraud, because it is highly speculative in the form of a high loss trade to a complete loss of invested capital is not uncommon even with providers. Don’t be afraid to contact a broker’s customer service if you have any questions, serious brokers should be interested in eliminating your uncertainty and they will get answers quickly.

How do I increase my chances of winning?

Although critics call binary options But there is a difference, with binary options the trader can definitely influence his chances of winning, of course a good analyzer can make a more exact prediction of what is likely to happen, there are various methods for this. The more proficient they are, the more combined methods are used, however, you should not overestimate the possibilities of course analysis, even very good analysts can use it to increase their chances of winning more within the framework. Clearly limiting and winning trades a few percentage points more than beginners who rely on all opportunities, price analysis should therefore not be viewed as a hedge against losses as too many professionals tend to suffer. From the high variance of Binary Options and having to deal with losses regularly.

Can I really get paid with bonuses?

Many providers use it to offer additional credits to new clients as a greeting, however if you look closely at the general terms and conditions of the broker, you will quickly find that this is a gift that binary options bonuses are often tied to. With wagering requirements, the trader receives a bonus balance in his trading account. But it can not be paid until he has received a relatively high trade placed, this amount can be divided into many small trades, so even with the bonus the trader does not have to trade outside his personal comfort zone. But a lot of money has to be spent collectively to be able to pay a relatively small bonus amount Here too, consumer protection criticizes binary options brokers for offering bonuses that are not always obvious. It is not clear when broker bonuses are advertised that the deposited bonuses and credits are often already gone before the bonus conditions are reached.

However, the bonus offer isn’t bad either, just don’t let yourself be tempted to deposit more than reasonable bonuses because of possible bonuses. If you use the money to trade that you have written off as venture capital and don’t need anything else, bonuses are a great additional way to get credit to your trading account.

I lost everything with binary options, who do I contact?

In most cases, you should contact the consumer center or similar call center if you have a problem with a binary options broker, while these cannot self-recover their losses, they can be considered to have been dealt with. Fraudulent or not, it is also important for other clients of this broker that traders report higher than expected losses, so not only that, but also that they are losing money. But only broker success stories can be found on the internet which apparently managed to make a profit, finally a danger that needs to be pointed out.

It can also make their own sense of merchants to seek advice from consumer advocates, for example, can identify whether further losses are threatened by a similar system. Can advise on how best to deal with the loss if it poses a serious financial burden.

Of course, it is best to invest money only in speculative investments from the beginning, which can be paid without restrictions if necessary.

Is consumer protection really important to Binary Options?

We analyze binary options trading in detail and find out about various types of brokers, reviews, consumer support in binary options, we can understand and give them the most suitable in fact binary options trading. It is very risky for the traders because even if they do everything right they face high loss even the whole investment can be lost in a very short time so only the money that is not necessary should be invested. Must live or buy later

There is also a risk of fraud, which is why brokers for binary options trading should choose carefully, heed the regulations by recognized bodies, and research other traders’ experiences with them. This provider, before registration, the general terms and conditions should be read carefully, the consumer protection department often criticizes here that some statements with dubious providers in Germany should actually be unauthorized, you should. Faced with any ambiguity while reading the terms and conditions or should it appear in doubt, it is best to contact the consumer protection center before opening a trading account with this broker.