Binary option trading is attractive because it sounds simple. Earning thousands of money every day is quite challenging and not possible for everyone, however binary options provide viable solutions for these concerns. This is one of the reasons why binary option scams came into existence. These scammers operate very professional and do unethical activities to deceive their customers and make their account turn zero with their fake testimonials and false guarantees. The recent scams that are taking turns are QProfit system, ethereum code and crypto code scam.
Ways to avoid the binary scams that cost your money
QProfit System Scam
QProfit System is the newer software available in the trading market. It claims to be extremely potential and profitable in making money. They use automated robot to carry out the transactions hands free, however they are not genuinely proven as legitimate option. Team is doing extensive research about their trustworthiness to avoid scam and save the investors before losing their money.
Crypto Code Scam
crypto code is a replica of bitcoin code and crypto trader, they are piggy banking on other success stories and manipulate their facts. They only differ in the logo and their software colors. One of the major issues with such kind of scammers is, they generally operate with black listed brokers, so eventually your account will have interlinked with unregulated brokers. When this happens, neither you would be able to withdraw your money as per your requirement nor make a violation complaint against these scammers.
Summing it up
It is the imperative responsibility of the investor to read the terms and conditions before investment. Scammers provide a vague description about their software and boast big, look for software that has trustworthy brands that are tested and secure for investing and trading.