These days, there are a lot of people turning to the Internet to search for ways to earn extra income; from pay per click sites, to paid blogging, to online trading, plenty are trying all of these in the hope of adding to or even replacing their current income. Be aware though, not all of these arrangements are honest and give you the income that users may be counting on. Trading online is particularly tricky as there are trading platforms out to prey on investors who haven’t done their homework.
Numerous articles have been published regarding binary options scams; we can give you the real deal about this type of trading — what binary options are all about, the risks involved, and the way certain groups will exploit your money. What we really want to do is increase the awareness of people who get so excited about the potential of earning thousands of dollars a week that they begin considering leaving their day jobs within the next month!
It’s true that there are people who are incredibly successful with their binary options trading and they consistently earn a large sum of money every week. However, we think the real issue lies in the fact that there’s an abundance of trading platforms that do not deal with their investors honestly. These platforms typically come from a gambling background and make use of cheap trading software that burn their traders’ money ( meaning the system “breaks down” when money is deposited and you think the money didn’t go through, so you go through the process again, only to later on find out that all of your deposits actually went through). These platforms will come up with all sorts of tactics to prevent you from withdrawing your profit so the platforms can keep the money.
We understand how easy it is to get swayed by promises of great profits without having to do much. But his is why it’s so important that you do your homework and learn about how these shady platforms operate. Knowledge is power and you can then steer clear from them and keep your hard-earned dollars safe. The common characteristics of these platforms are usually little or no customer support, non-existent contact persons, frequent website crashes, and so on.
One feature that legitimate platforms generally have is their capacity to really present the personalities working behind them and include their credentials. A trading platform that presents all these features is not likely to cheat investors out of their money, so in choosing a platform to use for binary options trading, make sure to go with one that does not just present promises of great income but is honest in all aspects of its operations.
Listen to the interview below with the CEO of GOptions, Lee More, on how the platforms really operate.