Binary options trading are an investment strategy in stock market. Due to its recent progression, it is hard to find high quality brokers. Most investors have the track record of their brokers when it comes to equity or commodity market, if you do not have one for binary trading then it is more likely for you to fall in binary scams. Same as other investments, it also has to be checked with the broker background before plunking down your money. It is not just the investment scam you need to watch out for. Brokers have their wide terms and conditions for each and every account holders. It is based on the location and payment methods. Come brokers offer VIP packages for their clients than other brokers. If you are a beginner in trading, you may need to find the tutorials provided by brokers more useful who assume you already to know how to invest. Here we have listed some features that will help you in choosing easier and steer away from binary options scam.
Check on the investment condition
All brokers have their range of deposit amount limit. They also place limit with the trade limit per day. These can give you a good impression of a legal broker. Do not prefer brokers who accept your unlimited deposit but allows only small amount to trade. Keep in mind that you can experience proper service of trade with small broker in big amount than trading with big broker in smaller limit.
Examine deposit and withdrawal procedure
One common mistake of binary options scam is having undefined transaction procedure. If a broker does not have proper method of deposit and withdrawal, then they are more prone to scam. Each broker should allow electronic method of transaction. Thus without electronic method of transaction, period of withdrawal can be long and sometimes results in fraudulent action. Stay away from broker those who do not provide payment method that you are accustomed to.
Find the trading options
If you want to trade binary option, stay in particular with the limited selection of assets from the available portfolio. You can get a good idea after finding the particular brokerage with good speed and accuracy.