Who We Are and What We Do

When investing in binary options, you might invest the help of a broker. Unfortunately, not all brokers are actually willing to help with your investment, and some are just looking for a scam. If you have been hurt by a broker scam before, you might be concerned about investing with a broker again. That is where we can help. Perhaps you have never invested before, and you are looking for a good place to start. Binaryoptionsscam.org can give you information about trustworthy brokers.

What We Do for You

We can help you avoid another scam. One of the ways that we do that is by offering reviews on different brokers. We have reviewed a number of different brokers, including Banc de Binary, TradeRush, 24option, Boss Capital and many more. You can also find a list of the top three international brokers and the top three U.S. brokers that we have reviewed right on our front page.

Are you considering a broker that is not listed on our page? Before you invest in binary options with them take a look at the best binary options review database, send us an email, and we will get back to you as soon as we can. Just let us know the name of the broker you are considering, and we can do the research for you. You may just find a review on our page about the broker you are considering after sending us a message.

How to Avoid a Scam

There may come a time when you cannot wait for a response from us. If you find yourself in this situation, we can still help you! Try these tips to help you avoid a scam when looking into a broker for your binary options.

Never Believe Everything You Hear

Just because a salesperson claims to represent a binary options broker does not mean he or she is being truthful. You can do your own research with a quick online search. Just type in the name of the brokerage company, and you should be able to find information about it. There are two things that you definitely need to look for:

  • Check the physical address. You do not want to work with a broker that has only a virtual office or rented post office box because you are likely walking into a scam.

  • Look for the name of the owning company. Again, scam brokers will avoid releasing information like the real name of their company. This should be another red flag that you are walking into a scam.
  • Find Out the Major Regulatory Body

    Financial companies that are regulated have to follow fair practice rules. They also need to be working in the best interest of their clients when doing business. This means that brokers who is regulated will have less of a chance of scamming you because they will be in bigger trouble if they do. Even if the broker goes bankrupt, your money will be safe by the regulatory authority. In the U.S., a broker would have to register with the Commodity Futures Trading Commission, and they would be a member of the National Futures Association.

    If you are looking at a broker in the U.S. that is not, do not do business with them. For brokers in other countries, there are other regulatory bodies available in those countries. Be sure to do the research, and find out if the broker you are considering is enrolled.

    U.S. traders can of course still do business with unregulated companies but once again, this come with the little bit of extra risk. See our top 3 trusted U.S. brokers.

    Take a Look at the Year the Company Was Founded

    Although newer businesses are not always scams, it can help you find out if the business has the professionalism and durability you need for your binary options. Avoid businesses that have been started this year or the past year as the broker could be involved in fraudulent practices or poor business practices. While it is not always true, it is better to be safe than sorry.

    Avoid Accepting Bonuses That Are Too Good to Be True

    Nearly every binary option broker offers a bonus, but it is important that you understand how the bonuses work. You should also avoid accepting a bonus that seems too good to be true. There are two main reasons that brokers offer bonuses, and they are below.

  • The idea behind offering bonuses is to make choosing that particular broker more appealing when compared to competitors. Brokers who offer exciting bonuses like something as large as 200% of your initial deposit returned expect you to deposit more in the hopes of a greater return.

  • Another idea behind offering bonuses is to keep your money tied to that specific broker platform. This means that you will have to meet a specific trade volume before you can remove any funds from your account, and that includes the initial deposit you make. Anything higher than 35 times the deposited amount, plus the bonus, is viewed as too high. Be sure to read the broker’s specific conditions for their bonuses.

  • We do only endorse professional traders and traders that are confident to reach the bonus terms to accept bonuses from a broker.

    Fine Print is Your Best Friend

    No one enjoys reading that small, hard-to-read print whether it be on a broker contract or the End User License Agreement involved in installing software. However, when it comes to avoiding a scam that fine print should be your new best friend. Read it thoroughly, and be sure that you agree with the terms and conditions before you even put your signature down. Some brokers can have outrageous terms like a minimum of $500 for withdrawal, a 30% inactivity fee, or the e-statements they send you via e-mail could cost you money.

    Remember that information on a website is expected to be promotion and advertisement. If you saw something on the website that you do not see in the terms and conditions, chances are you will not be receiving it. Do not sign if you do not like the terms and conditions.

    Learn from Others’ Mistakes

    There is always someone that ends up falling for a scam at one point or another. This is why we makes it a point to review brokers for you. Remember that the internet is a fickle place, and there are websites where companies will pay just to get a positive review. The key is to read a review, do your own research, and make a decision based on the other tips offered above.

    See our list of binary options broker reviews.

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