Binary options: a scam for suckers or real earnings - expert opinion

• What does it have to do with all the suckers?
• What kind of binary are these?
• You yourself are a sucker
• Oh, I got it!
• Who has a chance?
• Casino for suckers
• Loch:
• Trader:
• Classification of suckers
• Naive sucker
• Stupid sucker
• Loch optimistic
• Insolent sucker
• Cunning sucker
• Loch asshole
• Stupid sucker
• I don't want to be a binary sucker!
• There have been and will be suckers

Oh, I love this favorite Russian pastime of ours – the game “who’s the sucker.” I am regularly asked this expert opinion, like, are binary options really a scam for suckers or not?

The answer is yes, it is. But - attention - only because people allow themselves to be made into suckers. And this hides absolutely the whole essence of this market.

The article may seem very rude - and it is. No one’s tender feelings will be spared here, keep that in mind.

What are binary options?

To answer this question, we studied the topic in detail, found out the opinions of experts, reviewed a large amount of reliable information on the Internet - articles, reviews and complaints from traders about brokers.

We visited a lot of thematic sites, starting with the sites of brokerage companies and ending with forums, projects providing training services for traders.

The largest amount of material that clearly and accurately reflects the features of binary options trading is presented on the website eto-razvod.ru. This resource is a real center for investigations into binary options scams.

A huge number of complaints from traders are received here, which are studied by the site’s in-house experts - stock trading professionals. There are a lot of real reviews from traders new to the market and complaints from those who have already fallen for scammers.

The resource contains a lot of useful materials about trading strategies and indicators, reviews of binary options brokers. We are confident that the site has already become a real assistant for everyone who is trying their hand at binary options trading.

This site allowed us to find answers to all the questions in the article and understand what binary options really are.

First, let's define the key term of the article:

Binary options (BO) are a type of exchange contract that is used to make a profit on movements in the prices of assets (currencies, stocks, commodities) in global financial markets.

Let us list the advantages of this financial instrument:

• large selection of underlying assets;
• fixed asset price;
• the trader knows in advance the expiration time of the transaction and the amount of profit;
• The minimum number of actions to generate income is just to determine the movement of quotes: up or down.

The Internet era has made it possible to trade binary options remotely, but it has also played a cruel joke on us: today this niche is literally “teeming” with fraudulent companies.

Such sites are created with one purpose: to attract gullible Internet users by offering them “everything” for replenishing a deposit (and even for playing with bonuses on a demo account), lure money from them and disappear.

The advantages of binary options have made this earning tool attractive to scammers

There are a huge number of negative reviews about BO on the Internet. Surely you have already seen them, and have formed a certain opinion about binary options. There is more and more negativity: scammers do not stop at the usual scam schemes, but create new ones, profiting from people’s natural desire for a better life.

How to avoid falling for scammers?

Binary options are a tasty morsel not only for sites providing services, but also for unscrupulous users trying to deceive inexperienced traders. It is not recommended to enroll in paid courses. They are most often offered by scammers, giving out false information about the earning process.

Before opening a real account on the site, you need to carefully monitor the trading conditions of several large sites. Some companies offer attractive interest rates on winning trades. But if the profit is large, it may not be paid.

It is not recommended to use options in relation to those brokers whose interest rate after a win is much different from the average - then the chance of running into scammers increases. Trades must be carried out with trusted brokers if they were recommended by professional real traders.

You should double-check the real reviews of financial resource participants - they almost never make mistakes in choosing a platform for earning money. Over the course of several years, they have tested brokers that have proven themselves to be positive.

See also: Cryptocurrency trading

Therefore, they will help beginners avoid the same rake. You can't believe in the possibility of getting rich quick. No money comes quickly or easily. Labor is involved, if not physical, then mental.

Binary options trading is referred to as mental work. This is not ordinary passive income. A person must constantly study and practice, and not be afraid of defeats or sudden ascents.

If you rely only on your luck, your luck will not last long. Self-development and learning must be constantly realized. Users constantly look at funding news to predict their future earnings.

Binary options: is it a scam or making money online?

There are a lot of scammers on the binary options market, but this does not mean that all of them are honest users. Having studied this topic in detail, we came to the conclusion that there are serious companies on the market offering honest trading and stable income.

They have more than one license, high ratings, recommendations from regular users and prestigious awards. If you work with such companies, there are no risks for financial assets (except for exchange-traded ones).

But how can you distinguish scammers from brokers you can trust, since scammers also have beautiful websites, attractive bonuses, and tempting prospects? It's a fair question.

Having studied the above-mentioned site in detail, we came across a large number of complaints from traders about brokers providing trading services in financial markets. The best way to protect yourself from scammers is to know them by sight by reading reviews of traders.

This will help track scam patterns and identify signs by which scammers can be easily distinguished from honest brokers.

It’s easy to find real reviews from traders on the website eto-razvod.ru. They are updated daily with new comments from active Internet users.

We decided to show you what complaints are usually sent to the resource for fraud investigation.

Dmitry’s complaint against the broker Walton Capital (the original complaint is here) is that the broker, having received real money from him, began to impose additional services on him and did everything just to avoid withdrawing capital.

In the comments, users also confirm with their real stories that this is a scammer who is ready to do anything to “extort” more funds from clients. At the same time, the company’s “analysts” advise how best to drain the money and, having achieved their goal, simply disappear.

There are frequent reviews that Walton Capital constantly comes up with new schemes to drain the deposit, positioning them as ways of trading with minimal risks, and after the deposit is reset, it turns out that either the robot is to blame, or the options themselves have high risks.

It’s surprising that if you don’t have money, this broker is ready to offer you to borrow it from your relatives, or promises to help you get a loan from a bank. If it is difficult to “reach out” to you, even threats of “blocking all financial opportunities in the Russian Federation” (pensions, bank cards, etc.) and visits from collectors will be used.

What tricks does this company go to in pursuit of your money! So, Walton Capital is a real scam, a scammer, and its employees are swindlers and, at the same time, subtle psychologists who skillfully take advantage of the very essence of the market (high risks, instability) and the trust of users.

Or another complaint. This time, a novice trader named Gennady is complaining about the META INVESTING company. The original complaint is also available on the website here.

The trader says that the company takes a long and difficult time to resolve the issue of withdrawing money, and when you finally “persuad” the broker to withdraw, the funds on deposit will simply disappear.

Even if your actions are obvious and reflected in your personal account, this will not stop scammers

This is a popular scam for binary options traders. Gennady’s story prompted other traders to leave their comments on the site. The bottom line is this: it is impossible to withdraw funds, technical support ignores user requests.

To convince you to deposit funds, any lie is used. If you fall for the advertisement and transfer money, you are unlikely to see your capital again. A popular scheme: the broker simply deletes the history of your transactions that brought income, and if there are no transactions, there is no money.

Traders have also encountered the fact that the company constantly misleads clients, for example, refusing to withdraw money due to lack of verification or bonus processing. However, such conditions were not initially announced.

META INVESTING , judging by the reviews, can unilaterally simply close your account, block your IP address, and you will not see either the money or any explanation.

If you just want to withdraw money before trading, this scam will refuse you, accuse you of money laundering and threaten you with legal action. Definitely, META INVESTING is a scammer, a scam and a scam, be careful.

In February 2021, Olesya received a complaint against superbinary.com as a broker refusing to withdraw money for the far-fetched reason of a non-existent withdrawal queue.

Judging by the reviews of traders, Superbinary.com intimidates users, is rude, threatens and is rude, money in the account may disappear, although you did not place trades, managers themselves trade your funds without your knowledge. Conclusion - chaos again, Superbinary.com is a scam and a scammer. We go around.

What does it have to do with all the suckers?

Well, whatever. Look - this is Dima (Kolya, Petya, Vasisuary Petrovich). He wanders around the Internet and accidentally sees the following advertisement on his favorite porn site (VKontakte, a site about football):

Vasisuary is a skeptical and intelligent person (he himself thinks so, naturally). This is all a scam and a scam, he thinks. However, Vasisuary has a worm inside, whose name is greed. And this worm easily devours any arguments of reason.

Our hero rushes to the Internet, googles everything about binaries and ends up on a lot of sites where they tell the most attractive things in the world.

Binary options: as much as 86% in a minute! Fantastic, mom, hold me - I’m about to fall.

And it's very simple:

It will take just 5 minutes! Okay, I have a busy schedule, but I will still find them in my schedule:

He goes to YouTube, and there...

He reads VKontakte, and there... there’s “thank you”:

The arguments are enough to try and the patient is ready. At the time of investing money in the binary platform, Vasily does not know anything:

• why do binary companies pay 70-80% per minute;
• what kind of offices are these, what are they - brokers, some kind of exchanges, what kind of garbage in general;
• where does this money come from;
• where did any “options” come from, especially “binary” ones;
• What does this mean, “binary”, what a strange word.

None of this bothers him. He simply figured that with 100 dollars he could get 80 in a minute - life suddenly began to shine with colors.

As you well understand, Vasisuariy fell into the trap of his own greed. He has absolutely no idea where he ended up. His experience in the financial world is zero. So he becomes the sucker who will give away his money.

Binary options - a scam for suckers? Expert opinion This is a scam™

So, what do the specialists of the site This is a Scam™ say?

This is a serious resource that positions itself as a center for investigating binary options broker scams. The project includes experts and professional traders who have united to provide portal users with reliable data about brokerage companies.

The guys from the project team said that they often hear questions from site visitors like: “is it true that binary options are a scam for suckers?” etc. And they voiced their well-founded position.

Expert opinion

“ Binary options trading is replete with fraudulent brokers , for whom it is important to take all the user’s money, “cheat him like a sucker,” and make him lose.

To achieve these goals, scammers use many methods: distortion of price charts, threats, rudeness, deception, refusal to withdraw money, blocking accounts and accounts without explanation.”

At the same time, reliable and honest companies also exist! Read on to learn how to choose the right broker.

The goal of the “It’s a Scam” project is to identify fraud of brokerage companies, find objective information, and protect traders and their money from fraudulent transactions. If you are looking for options, check out the broker reviews published on eto-razvod.ru.

You will learn:

• about the regulation and licenses of the company you are interested in;
• its advantages and disadvantages;
• current reviews of market players about it.

If among the submitted materials there is no information about a broker, simply send a request to initiate an investigation into its activities by filling out the appropriate form on the website. Project professionals will study the company’s activities and send the results of their work to you by email.

But keep in mind that the site receives a large number of similar applications, so it may take time (up to several weeks) to analyze your request. To ensure your application is processed as quickly as possible, submit your request now.

The “It’s a Scam” project exists to provide objective information to users about binary options brokers

Today, binary options trading is one of the fast-growing areas of financial activity, which is what scammers take advantage of, trying to make money on the trend.

Eto-Razvod™ sees its task as helping beginners and professional market players in identifying fraudulent companies and preventing fraud. The project includes a team of professional traders who have been trading binary options for more than 5 years. These people know very well how to spot scammers.

How are trades carried out?

In essence, the terminal of such “brokers” is a lottery. Imagine a one-armed bandit with two positions: “Up” and “Down”. As soon as one of the values ​​appears, the broker closes the positions of the losing “traders” and makes a payment to the winners.

If you pay attention, most brokers have a short expiration time, but it is the same for any time frame. This is the cutoff time, the stage at which the system recalculates the options.

In any case, the broker will win - he received 10% from each participant in the game. And he is not interested in the rest.

Some bookmakers even tweak the results so that more or fewer participants win. For example, if you need to knock out players with large bets from the game or, on the contrary, maintain the interest of those who have begun to lose frequently.

The terminal and quotes are completely customized by the broker, so he can adjust everything as he needs.

So in fact the trade is unfair. There is not only a negative mathematical expectation (you can win up to 90% with a loss of 100% - and the casino broker is always in the black). Making some kind of forecasts, creating charts, following a strategy - all this is completely useless if the broker can switch the program settings with his left heel.

Imagine that you came to the store to buy bread, and the seller constantly changes the receipt in the window, and in the end gives you the goods at 2 times the price.

How to choose a decent binary options broker

Specialists of the Eto-Razvod™ project study in detail active market brokers offering binary options for trading.

They check:

• company reputation;
• traders' reviews;
• condition of sites;
• availability of necessary information and useful material for comfortable work, tariffs, licenses, design, navigation, technical support.

Today there are more than 350 active binary options brokers on the market.

Take your choice of brokers extremely seriously. The current rating of the best brokers, as well as professional reviews presented there, will help you make the right decision.

Are there reliable binary options brokers?

Yes, there are definitely such brokers, but you need to be able to find them among a large number of dubious companies.

The main sign of an honest broker is having a license from a financial regulator.

Obtaining this document today is difficult and takes a very long time. If a broker has a license, this indicates the company’s responsibility towards the user.

Fraudulent organizations planning to quickly “enter” the market and leave it after making a profit, as a rule, do not have permits, or they use screenshots of fakes.

The table will help you compare the signs of scammers and honest brokers:

Thus, the following are recognized as reliable brokers: Finmax, Binomo, Olimp Trade, 24option.com and some others. Feel free to choose these companies to work with and don’t be afraid of being deceived.

Let's briefly talk about the advantages of these platforms.

1) Binary options broker Finmax

Finmax is a modern, reliable company with many positive customer reviews. A functional platform for comfortable trading, a convenient personal account with a transparent transaction history, promotions and bonuses, a license - the Finmax broker is ready to offer the trader all this.

Feedback from traders about Finmax is mostly positive; most often, clients praise the ease of use of the site, fast withdrawals, useful training programs, reliability and security.

2) Binary options broker Binomo

Binomo has firmly established itself on the list of leaders. Feedback from traders also eloquently proves that this is not a scam or a scammer. The broker is distinguished by a modern approach to trading, a unique platform, favorable trading conditions, a choice of bonuses and promotions, and the availability of licenses.

A large number of traders work with Binomo and note the following advantages: no problems in operation, fast registration and verification, profitable binary options trading, convenient terminal, fast withdrawal of money.

3) Binary options broker Olymptrade

Olymptrade is included in the rating of reliable brokers. Positive feedback from traders about this broker proves the seriousness of its intentions. And although this is a very young organization, it has already managed to win the trust of the user, offering him maximum opportunities for comfortable trading.

There is a convenient and functional trading terminal, profitable promotions and bonuses, fast withdrawals of money, availability of licenses, and fast, high-quality technical support.

4) Forex broker and platforms Libertex Forex Club

Forex Club is one of the oldest organizations in the world offering binary options trading services. A large number of traders trust the broker’s experience and reputation.

The Forex club has licenses, favorable rates, its own functional trading terminal with the ability to change the design of the platform, work in one window with all the tools at once: charts, analytics, news, multiplier option - all this allows you to carry out profitable trading and receive a decent income, so traders Brokers are recommended for work all over the world.

5) Binary options broker 24option

24option is one of the leading brokers on the market. The company has gone through an impressive development path and is ready to offer its users many unique tools and functions that will make trading more comfortable.

Fast withdrawal of money, work with a personal manager, training, use of high-quality analytics - all this makes 24option a leader among other companies.

Is it really possible to make money from trading?

You can really make money from trading. To do this, six conditions must be met.

• Have extensive experience in the foreign exchange market.
• Cool head.
• Analysis of global indicators.
• Luck.
• Significant investment of money.
• Speculate only in official companies.

Let me note that you should engage in speculation only in official brokerage companies.

Scam companies:

1. Binarium.
2. Pocket option.
3. 24opsion.
4. Olymp Trade.
5. Binomo com.
6. Intrade bar.
7. Other similar.

A detailed analysis of the broker Binarium with facts and reviews.

These are unofficial offices that do not have a broker’s license and are not even registered in the Russian Federation, so no one controls them. This means that such brokers set the exchange rate that is beneficial to them.

Even if he miraculously manages to earn money, the winnings will not be paid out. And the player will not prove anything, because... the company has no relation to Russia, and therefore the court will not help.

The reality is that only the broker himself and the one who brings players make money from trading.

How much do scammers earn?

Let's take for analysis the last entry of one of the scammers.

Number of views from May 14 to June 13 = 64 thousand. Conversion of interested traffic in the gambling sector (trading is a gambling sector), more than 20%, which means that out of 64,000 people, 12,800 people made a deposit. The minimum deposit is 300 rubles, respectively, the total profit from losses will be 3840000.

Because the scammers receive at least 50%, then their profit is more than 2 million rubles. And this is only in a month! The figures given are the bare minimum.

It is important to take into account that people, even after losing, continue to replenish their deposits again (no one has canceled the disease of gambling addiction), so the income of scammers can be much greater...

Trading Strategies

On the website eto-razvod.ru, the user can study different trading strategies and choose the appropriate one for trading. The portal pays special attention to the publication of trading techniques that will simplify your work and make binary options available. Strategies are presented here for both market beginners and professionals.

In our review article we will indicate only a small part of them:

• techniques using reliable indicators;
• profitable trading strategies;
• strategies that work using candles;
• scalping strategies.

Among the many trading methods presented, you can always find something that suits you.

How to trade binary options

How to trade binary options and make a decent income from online trading? A good question for any serious trader. Let's pay attention to it in this part of the article.

Options provide the opportunity to make real money on the Internet and that’s why they are popular today, but people who have no experience in financial markets come to trading. The “This is a Scam” project has prepared recommendations on how to work correctly with binary options.

Before you start trading, pay attention to the fundamental factors that directly affect the success of this work:

1. Careful selection of a binary options broker and the trading conditions it offers. In order not to make a mistake in choosing a company and not fall into the clutches of scammers, remember that a serious organization has: a license, a high-quality trading terminal, the opportunity to learn and use analytics, favorable trading conditions, convenient and fast withdrawal of funds.
2. Finding and testing a profitable trading strategy that can generate accurate quote signals and make profitable trades. It is better to prepare a whole list of such strategies, but remember that all strategies are divided into three groups (news; indicator systems; technical analysis systems).

The profitability of strategies will allow you to consistently receive income and rapidly increase its volumes.

Binary options demo account to test your strategies

Binary options are characterized by increased risks, so beginners are afraid to immediately try trading using their money.

What should I do? In this situation, a demo account will help - a unique option for those who would like not only to become more familiar with the trading process on the market, but also to try their capabilities on the simulator without the risk of losing money.

Most leading brokers offer free demo trading. You can open your first virtual account on the “It’s a Scam” website in a special section dedicated to the features, advantages and rules of working on a demo.

A demo account is a virtual trading that represents a learning phase

Traders often underestimate demo trading. They either don’t pay any attention to the demo account at all, or they start playing on it, imagining that it’s just another useless online game.

In our opinion, the demo is a stage that you should take quite seriously, since successful trading begins with conscious virtual trading.

Why do traders offer account promotion?

In some cases, traders offer to boost the victim’s account for a small reward.

When the hamster sees beautiful charts with huge profit percentages, he breaks down the tower...

Due to the fact that some people are afraid to bet themselves, the scammer offers a miracle service called account promotion. In this option, they promise to increase the deposit several times.

For example, from 10 thousand rubles to 30-50 thousand. It’s tempting, isn’t it?

Feedback on account promotion
In fact, the deposit is lost and all the money goes to the scammer trader. After all, think for yourself... If a trader is so cool that he earns millions, then why should he take on a measly 10 thousand? And there is only one goal

— get the hamsters’ money.

Bonuses for a successful start

And now a little about the buns. Today, brokers' starting bonuses are what make trading more profitable and even more interesting. Competitions, contests with valuable prizes, free tournaments on demo accounts are an opportunity to test your knowledge and skills and receive a pleasant reward.

No deposit binary options bonuses are especially popular in the market. They allow you to start real trading and earn real money without investing your personal capital in it. However, often inexperienced traders, when starting to study binary options, consider bonuses to be the main parameter by which they choose a broker. It is not right .

Fraudulent brokers make their high-profile offers precisely for such naive market players and offer maximum benefits with minimal actions.

But the truth is that bonuses on honest brokerage sites are given for a reason . In most cases you will have to work them out.

This is what becomes a real “stumbling block” for many traders who begin to write negative reviews on the Internet that the broker who promised bonuses and did not give them is a scam and a scammer.

As you yourself understand, bonuses are a necessary option in trading; they allow you to study the trading terminal, understand how honest the broker is with you and whether he keeps his promises. By using bonuses, you minimize risks and cover the negative balance.

All brokers today offer users various types of bonuses: welcome and invitational bonuses, registration bonuses, deposit and no-deposit bonuses, educational bonuses, the possibility of insuring transactions, cashbacks, etc.

To prevent bonuses from becoming an “unexpected discovery” for you, you should know how to properly start working with them. As part of our review article, we will just briefly indicate that it is necessary to carefully study the conditions for working out bonuses , read the rules for using them, etc.

Myths about trading on the foreign exchange market

Expert opinion

Vladimir Silchenko

Private investor, stock market expert and author of the Capitalist blog

Ask a Question

My favorite Forex myth. “I know a person whose friend became a dollar millionaire in one session, starting from scratch. Moreover, I didn’t invest any money – those were bonuses from a Forex broker. There were no problems with withdrawals to a bank card. Now he has his own yacht, lives in the Seychelles.”

I regularly see variations of such a tale in whole or in pieces in reviews. And many are underway...

Real reviews from traders

Today we all come across comments about trading of a different nature: someone praises binary options, reviews from other market players, on the contrary, are sharply negative.

On the website of the “It’s a Scam” project you can read real reviews from traders about binary trading and take part in an active discussion.

Reviews published on the Internet can be divided into three groups:

• comments from users who have never traded options and write based on rumors and emotions - you should immediately leave this kind of information noise aside;
• custom texts , which are posted by broker employees online and are pure advertising - do not be afraid of this and take such things calmly, the broker needs advertising to attract clients;
• comments from real traders - positive and negative reviews.

Negative reviews are often published by unsuccessful traders accusing brokers of fraud, etc. Usually they are as general as possible; specific facts and arguments are not indicated.

Negative reviews largely arise because many newcomers to the financial market naively believe that everything in trading is easy and simple.

Without delving into the specifics of trading, market forecasting, without paying enough attention to demo trading, the right choice of brokers and bonuses, they publish negativity that binary options are a “scam for suckers.”

There are also positive reviews about binary options trading on the Internet - comments that reflect the real picture of trading.

They are written by professional traders, indicating specific strategies, methods of work, their account numbers, and screenshots. These are real reviews, they can be checked, which is usually done immediately by a serious broker.

Where does the profit come from?

To understand that binary options are not a scam for suckers , you need to understand the very principle of concluding a deal and distributing profits when working with this instrument. Let's start with the fact that binary trading itself is very similar to the purchase of futures contracts, during which players need to buy contracts for financial assets from each other through the mediation of a broker or trading platform. For a trader who trades binaries, a broker acts as an exchange and is an intermediary between the client and the market. When buying an option, the actual purchase of the asset does not occur; the trader needs to guess the direction in which the value of the financial instrument will go at the time the contract is executed in relation to the current value. In this case, it is absolutely not important how many points the price chart passes, what is important is the direction itself.

To understand what binary options are - truth or scam, let's consider how income is generated under such conditions for concluding a transaction, and where the high profitability of binaries, which brokers so actively advertise, can come from.

As an example, let’s take the broker Finmax, which promises its clients a 90% return on some assets based on binaries. Let's look at how this is achieved in practice.

Example. We assume that two traders who opened accounts with Finmax entered into transactions for the same asset, for the same amount and with the same contract expiration date, but with diametrically opposed forecasts for the movement of the price chart. One trader assumed that at the expiration of the contract the price would go up and bought a Call option, the second predicted it would fall and bought a Put option. We will take the contribution of each of them as 100%; in total, 200% is at stake. With a maximum profit of 90%, which Finmax provides, at the time the contract is executed, the trader who made the correct forecast will receive another 90% in addition to his 100%, and the total on his account will be 190%. The unlucky player loses 100% of the invested amount. The remaining 10% goes to the broker's account, this is his honest earnings.

Of course, this is a simplified version of concluding a transaction, which nevertheless gives an understanding that binary options are not a scam, but a real way to earn remote earnings, but only if the intermediary is chosen correctly. Particular attention should be paid to this point, since not all transactions end in favor of the broker, which means that the company must have sufficient financial capabilities to pay clients even very large winnings, and in case of unforeseen situations, have a special compensation fund or support from providers for this purpose liquidity.

How and why does enticement work?

As you understand, such a kitchen broker needs a constant influx of new clients. Therefore, he uses all the tools developed by adherents of modern marketing:

• a bonus deposit that needs to be “worked out” - make a certain number of transactions and deposit some real amount into the accounts;
• a dollar for 30 rubles (this is a huge pyramid, if they offer you a dollar at that price, run away);
• training followed by depositing money;
• canceling a deal if there is a visible loss, so that you lose not 100%, but, say, 80%.

All this is held together by aggressive advertising and the imposition of other services.

In short, the BO broker needs new blood - or new firewood from Pinocchio. Do not do it this way.

Examples of success

On the Internet you can find a lot of success stories that are not supported by facts. In most cases they are far-fetched. Don’t forget about the statistics: out of 100 people, two trade for zero, but only one actually and consistently earns money. Here is a video recording of trading on a real account with the broker Dukascopy Bank SA:

Starting deposit - 1000 USD (minimum capital for trading through a Swiss bank). For 1 hour of trading, stable earnings range from 3% to 5% of the deposit, while the rules of capital management are fully observed. If you have any questions after watching the video, ask them in the comments. By the way, this bank has a subsidiary of the same name, registered in Latvia. Its activities are not regulated by Swiss law, so for trading it is best to consider a bank with its head office in Geneva.

For a novice trader, a deposit of 1000 USD may seem significant. In addition, without proper experience, it is not advisable to deposit more than 100 USD into your trading balance. Therefore, I recommend opening an account with Binomo. The minimum capital requirement is only 10 USD. I would like to note that this is one of the best trading platforms for novice traders.

The company is officially registered and its commercial activities are regulated by the Center for Financial Markets. In addition, the company has a category “A” certificate from the International Financial Commission.

If controversial situations arise, each trader will be able to send a free-form complaint to the regulator and receive financial compensation. However, when collaborating with the Binomo broker, such situations will not arise. The company honestly fulfills its obligations to clients and over many years of work has never given any reason to doubt this.

Before registering a trading account, it is strongly recommended that you review and comply with the terms of the client agreement. It is important to understand that this is a full-fledged legal document that will come into force after creating an account. Violation by the client of one or more clauses of the agreement will entail consequences. If you comply with the terms of the contract and apply an effective trading strategy, the desired result will not be long in coming.

To trade on a demo account Intrade.bar follow the link