Hello
- Thread starter Geunae
- Start date
FxMaster
Colonel
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Welcome to FPA Geunae, Before you go with Binary options Broker I suggest you to must read this thread https://www.forexpeacearmy.com/comm...ud-advisory-alert-about-binary-options.25577/
Thank you so much, much appreciated. If I'm trading off an automated software and it linked me to a broker in which I made my initial deposit, how do I know if the broker has manipulated the automated software or not?
Pharaoh
Brigadier General
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Your losses are a binary options brokers gains. Any successful withdrawals are the binary broker's losses. This makes a binary broker much like a casino, only casinos don't come up with excuses when you try to cash in your chips.
No binary broker will permit autotrading software which makes a profit or else the binary broker will just block the withdrawals.
Scam Alerts and the FPA reviews have many stories of "sure to win" binary software which resulted in nothing but losses. Then the broker offered to let an ":expert account manager" do the trading.
Think carefully. Would a casino allow an "expert gambling manager" help clients win large amounts of money by placing bets for them?
No binary broker will permit autotrading software which makes a profit or else the binary broker will just block the withdrawals.
Scam Alerts and the FPA reviews have many stories of "sure to win" binary software which resulted in nothing but losses. Then the broker offered to let an ":expert account manager" do the trading.
Think carefully. Would a casino allow an "expert gambling manager" help clients win large amounts of money by placing bets for them?
Thank you - I was wondering how they earn their money. Brokers told me they only earn commission when my trades are "in the money". So you wouldn't suggest trading through automated software then? What is the best way to go about starting with binary options?
I'm battling to figure out the link between automated software developers and brokers. It looks as if you sign up for a software programme, they link you to a broker, pay deposit and make withdrawals through broker and run the automated software. However, the brokers would rather have you pay a further $1000 before they work with you and they advise you not to use the software and trade with the account manager only on his instructions as he trains you. Based on your reply, I'm gathering, don't trade with an account manager on instruction, he can't be trusted (thank God I haven't done any trading as yet) - correct?
FxMaster
Colonel
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