The Art of a Binary Options Scam. Binary options, fraudulent “trading products” that are designed to part prospective investors from their money are very different from real options. In essence, they are simply a bet that the price of a particular asset will rise in a given time frame. If you win the gamble, the company is supposed to pay a Feb 02, · Are binary options legit or a scam quora. By. These robots are promoted by affiliate market. They are usually a tool whereby binary option brokers are able to dupe unsuspecting traders to deposit money. Are binary options legit or a scam quora singapore Feb 02, · () contact@blogger.com Mon bitcoin trading predictions - Fri: - i have something to tell about this for those investor who start dreaming after went threw IQ option attractive platform, and think that they can make money easily, please forgive me if you are binary options legit or a scam quora find any grammatical mist. It is promoted to novices as investing, but
Scams in Binary Options - Blacklist of Brokers and Services
Traders get scammed by brokers often, so it is not uncommon to wonder whether one of the most popular brokers worldwide, IQ Option, is yet another scam — but this time, a famous one. So, has IQ Option gotten away with it or is this broker worthy of its name? We have been reviewing binary options brokers for 7 years and we have made a verdict. Read more in this article to find all the answers. We can confidently say that through our careful investigation into this broker, we have concluded that IQ Option is not a scam.
Quite the opposite — it is truly one of the best and most professional brokers for traders in South Africa. We have listed a few reasons and metrics below to decide whether a broker is trustworthy or a risky business to get involved with. It is not common for a legit broker to hold a valid license especially not in a jurisdiction in the European Union if it was a complete scam. If you are set out to scam and rob people you prefer not to disclose the ownership of a company.
It is not possible to obtain a license from CYSEC on Cyprus, are binary options legit or a scam quora, a EU member state, if you do not wish to disclose who is the Ultimate Beneficial Owners. The first thing to look at when considering trading with a new broker is whether this broker is regulated and licensed. IQ Option is a legit, fully regulated broker with a license in the EU issued by Cyprus Securities and Exchange Commission CySEC. IQ Option takes this regulation very seriously, which is an immediate sign of a trustworthy broker that prioritises the safety of its traders.
Scam brokers are often non-regulated, fraudulent companies that comply with no rules whatsoever. We do want to point out that IQ Option is not regulated by the Financial Sector Conduct Authority FSCA.
When you are trading, transparency is key to a company being considered safe and trustworthy. Regulation implies a set of rules that a brokerage needs to comply with when dealing with your money. Also, regulation implies oversight over business conduct of the broker dealing with your money.
It is a promise that you can rest assured when entering a business relationship with a regulated broker such as IQ Option — there is an institution that did the due diligence on the Company operating the broker. This institution checked if they have the resources, the finances, the legal framework and the technological capacity to perform the trading you are about to undertake. If they made a long-term commitment to transparency and following through the regulations.
Yes, we believe it is safe to deposit and withdraw money on IQ option. Do not mistake IQ Option safe as a broker with a safe investment. IQ Option is legit and has a great binary options trading platform. So it is safe you ask? Yes, it is safe to deposit. Your money is available to you at all times and you can withdraw are binary options legit or a scam quora funds anytime you like. Do not accept any cash bonuses anywhere you trade as it will prevent you from withdrawing at your own convenience.
We would like to stress that investing in binary options, cryptocurrencies, binaries, digital options and forex is not by any means safe or secure.
Do you understand the difference? IQ Option makes sure their business model, compliance and terms and conditions are clear and available for anyone to read. Commonly, South African traders deposit first and then read the Terms and Conditions, if they even read them at all.
IQ Option encourages South African traders to first gather all the necessary information prior to investing their money. Terms and Conditions contain all relevant Company information that operates this brokerage and its trading platform. Also, it clarifies all the commonly used terms, that are of importance to all aspects of the trading relationship. Have in mind that opening an account with every broker, including Iqoption, in reality, creates a business relationship, which is defined and regulated by an agreement.
This agreement is outlined in the Terms and Conditions so that South African traders can find valuable information regarding binary options trading, different policies and the risks it may entail even before opening an account, thus entering into a business relationship with IQ Option. IQ Option Terms and Conditionsaside for its legal repercussions, are a valuable set of rules and information on the nature of your future relationship with your broker. As we already mentioned, trading binary options entails risk.
To be precise, trading on financial markets of any kind entails risks. To learn what sort of risks you are willing to take by registering an IQ Option account and placing your trades on their trading platform, make sure to at least browse through IQ Option Risk Disclaimer.
This document will give you a broader picture of the risky nature of binary options trading. Contradictory as it may sound, all this adds up to considering IQ Option safe.
One of the very important criteria when choosing a safe broker is their Privacy policy and its general data protection principles GDPR. This means they pay much attention to security protocols applied to your personal information and documents gathering process, and once gathered, to how your personal data is stored, protected from misuse and more importantly, are binary options legit or a scam quora, how your personal data is being used.
When applied, are binary options legit or a scam quora, the general data protection policies follow several key principles:. Given the nature of your business relationship with IQoption, data are binary options legit or a scam quora is expected and perfectly in place.
You will be asked to interact with IQ Option, and so will your device. Some of your communication is obligatory, some is optional and some of the data exchanged is there for the purpose of optimizing your trading experience with IQoption. Here are just some of the data categories you will be exchanging with IQ option:.
Next in line of the valuable documents is the IQ Option Payments Policy — a document that contains provisions on the most desired aspects of binary trading — the payouts. Payouts mean profits, or very simple — you traded well and there is a positive balance on your trading are binary options legit or a scam quora that you can withdraw. All your questions regarding how to deposit, what is the procedure, what payment methods are allowed, how does withdrawal works, how long does it take, what fees are applied — all and much much more is detailed in the Payment Policy document.
If there is anything that you might have doubts about or not sure if you understand properly, make sure to contact IQ Option Customer support for a swift helping hand. They are glad to help you grasp all the information, regardless if you are already a client or not. This broker does not only care for your data protection, but also cares about your loss protection.
Every trader that deposits, can enjoy the benefits of Iqoption Cashback Caps — a handy safety pin for your potential, and given the risky binary options trading nature, very probable losses. Make sure to check just how Cashback Policy applies to your account, if you decide to register one.
Scam brokers, on the other hand, tend to have vague sites with no real information about how they work and whether they comply with any rules. This is intentional, of course, and users are often misled by professional-looking sites and do not seek this type are binary options legit or a scam quora information when in reality it is extremely important. In our 7 years of reviewing binary options brokers we have not received IQ Option complaints.
The binary trading platform is very advanced compared to most brokers. The years we offered live support on this are binary options legit or a scam quora never once did we receive a complaint about IQ Option. Naturally, traders both win and lose money on the platform. This we do not consider a complaint but simply part of the risk of trading binaries and CFDs online.
Every received complaint is handled with utmost care, attention and in full discretion. You can submit all your complaints, free of any charge. Your complaint or grievance will be handled immediately and will be followed up on in due course.
IQ Option Compliance Team will examine all the facts and conduct a thorough investigation, resulting in a mandatory conclusion. Check their full Complaints Policy on details on the Complaints Form and the filling the complaint procedure.
During our IQ Option review we have received no complaints regarding this brokerso we can confidently say that IQ Option is not a scam. South African investors can trade in peace knowing that they are trading with one of the most famous, regulated and licensed brokers worldwide. Many traders know that the process of withdrawal is commonly a frustrating and long procedure. Some brokers, especially unlicensed companies, do not ever allow users to withdraw their money, which is part of the scam.
In essence they do not lie and scam on the phone when you signup. You will have your own time and space to get started. You can also withdraw your winnings using the Skrill withdrawal to bank account South Africa as a popular withdrawal method for South Africans.
You can also find other non-scam brokers such as binary. They want to make binary option trading easily accessible to anyone and even are binary options legit or a scam quora a free binary options demo account which allows all South African users to practice before investing any money.
This means you can practice on the IQ Option platform for free. Scam brokers never allow users to begin trading with such low minimum deposits and often ask for outrageous sums to only access their platform, are binary options legit or a scam quora. This is because their main goal is to scam people into giving money — which they never see again. Their websites have little or close to no information on the company operating the brokerage.
Scam broker usually hides their Terms and Conditions or has none made public. None of the corporate policies we listed in this article exists, or if they do, they are hidden from the traders, and applied to the scam brokers advantage in case you should file a complaint or try to investigate any relevant fact. Also, scam brokers usually do not have a dedicated Customer support service — perhaps an email address that is rarely checked, if at all. You can actually expect all sorts of lack of transparency, vagueness, lack of open and straightforward communication and lack of support.
You can expect a rat race in withdrawals. The conclusion is that that IQ Option is not a scam, but one of the best brokers for traders in South Africa and the entire African continent. We do not promote or encourage people to trade on scam broker platforms. In addition, they have a fast-growing online trading platform that caters to absolutely anyone. Let the numbers speak for themselves:. IQ Option is home to more than 20 million active traders worldwide. The IQ Option trading platform does not work with any 3rd party binary options robot and not even the best binary robots can compare themselves with IQoption, are binary options legit or a scam quora.
We saw a few years ago that IQ option wanted to ride the wave of binary robots with their IQ Option Robot but it was quickly decided to close it down again. No one can deny the sparkling reputation IQ Option has built throughout the years as one of the best binary trading brokers.
They are considered one of the top and safest brokers for everyone trading binary options South Africa. We can personally state that we have received absolutely no complaints regarding IQ Option throughout the years, but only satisfied customers that recommend IQ Option themselves. Signup for the newsletter and keep updated about the best brokers and auto trading robots.
ARE BINARY OPTIONS A SCAM? -- TRADING
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