Binary options is a relatively new method of investing. It can be great for making some extra money until you land in the middle of a scam.
It’s become increasingly common for scammers to pretend to be binary options agents. That’s why you have to make sure the agent you’re working with has a license and is legitimate.
Trading can be a great option
If you are someone who already has experience in stock trading, you might have a good chance in binary options trading. Like any form of trading and investing, there are risks involved, but experienced traders know how to plan for and handle risk.
There are people who are making a huge amount of money from binary options trading. The more word spreads about these successes, the more people want to try it. This is where the problem starts. People who don’t have any experience with trading are jumping on to the trend, without doing any research about the agent they are working with. This creates ample opportunities for scammers to take advantage of a combination of eagerness and ignorance.
Why are people falling for binary options fraud?
The lack of knowledge and experience is the reason so many people fall for scammers. They see catchy advertisements about guaranteed profit and they believe what they are being told. It can also be that they have already traded before and had significant results, so they try again and end up choosing the wrong agent.
How to avoid the fraud
It’s hard to know how to avoid falling for a binary options fraud if you don’t know what to look for. How will you know if the agent is legitimate?
Do your research. Whether it’s your first time or 100th time choosing an agent, always do your research. Get information about what you will expect, and most importantly, information about the agent or company you’re choosing to go with. Search for reviews from other traders. Do they have a license? Are they legit? Are their past customers happy with their trading experience? The more research you will do, the less chance it will be for you to fall for a binary options fraud.
Help is there
You think it’s too late for you; you fell for a scam. All the money you invested is gone. What can you do?
Get help! Take action as soon as possible. It’s not your fault. You are a victim and have to contact the police and any other relevant authorities. Try to get your money back.
Get your money back with Claim Justice
Claim Justice is a service that helps people that have fallen for binary options scams. We will assist you through the process of claiming back your money. It’s likely that we can get some, or even all, of your money back, and make the scammers pay for what they have done.
Before asking for help from Claim Justice, make sure to gather all the necessary information.
We need proof that you have tried to contact the agent and company to claim back your money. Get all the contact information, email messages, and phone call lists. As well as transaction information. This information is critical for building a case against the scammers and getting back your money.
Will this service work for me?
Claim Justice is a legitimate company that has won many cases against scammers. We use a method that offers a strong chance for you and other scam victims to get your money back. It might take time, depending on the complication of the case, but Claim Justice will assist you through the process, every step of the way.
Forex is another common online scam. Read our Forex Trading Scam guide for more information.