Is Binary Option Scams or Legit

Is Binary Option Scams or Legit

T

he statement “binary options are scams” makes as much sense as saying “Bookmakers are scams” or “Stockbrokers are scams”. Yes there are some scam Bookmakers, there are some scam Stockbrokers and indeed there have been some scams involving binary options.

Binary options are a new area sitting between finance and wagering where regulations are not always clear and new operators are popping up like wildfire. Add to this the fact that it is possible to make large amounts of money relatively quickly and easily and the fact that all of this is happening online and bitcoin. It was inevitable that these ingredients would attracted some dishonest operators and gullible customers.

How to Avoid  Binary Option Scams

The good news for you is that you have already done everything you need to do to avoid binary option scams. You have come to this website where we only recommend the biggest, longest serving, best regulated bitcoin binary option brokers with the highest security, integrity and track record who are well trusted in the marketplace. Such as Beast Options so join up and trade with them and you will have avoided being scammed. Well done to you!

The secondary argument of the “binary options are scams” crowd is that while Beast Options are not going to rip you off or sell your details binary option brokers are scamy in the way they masquerade as investment houses or financial service companies. They claim to be brokering trades like binary options are a conventional main stream financial instrument that well trained city and Wall Street professionals make careers on when actually they are just taking bets with a big edge in their favour.

We can’t exactly disagree with that but we do disagree that it constitutes being scammy, it’s just a marketing spin they have that suites their product and target market. Their product is excellent, and while the edge is often in their favour I can assure you it is also often in our favour and unlike sports they don’t ban or limit customers who work out how to make long term profits.

Happy trading!