Binary options scams create one of the biggest inconveniences in the trading industry, and unfortunately, many investors have already fallen victim to it. If you are one, then fear not because there are thousands like you who have seen such a situation in their life and still find a way to recover the money they lost. However, binary options scams are something that needs to be closely monitored.
How to identify a binary options scam?
Daily emails and cold calls
If you open your email and find that someone is emailing you daily saying they made a lot of money from binary options and wants to expose them, then this is a scam. If someone promises to be with the Australian duty office, and promises you to take legal action unless you send them some bitcoin right away, this is a scam.
Pay attention to these types of attempts to get your money. Do not send money or try to trade binary options anywhere unless you are specifically the person you are sending it to. And do not try to plunge into binary options anywhere without double-checking the facts.
The Internet age has brought a great deal of viruses, adware, spyware, and other bad guys to the world. Unfortunately, the value, anonymity, and the full digital nature of cryptocurrencies mean that fraudsters can now earn cash more easily through dangerous downloads.
As always, you shouldn’t click on unknown email fragments or potentially dangerous links. You should be very familiar with the use of Bitcoin as bait. For example, you should always deal with a post on social media where someone claims that you can mine bitcoin just by downloading a program or web link to the expected bitcoin exchange that offers free gifts to get started.
There are tons of safe, authentic and secure cryptocurrency exchanges, but you probably won’t be able to access them by following strange links.
There are often binary options clubs that present themselves as both investment and membership networks. They guarantee high returns, cash flows or some form of repayment, but with a catch. You have to park something of value, like membership fees, or regular continuous payments into an account or to an agent or interrogate you to hand over money anywhere.
Direct scams tend to market intensely and hide their true purposes through proven marketing ploys. Brokers and their marketing input are known to be excellent in potential.