freecolley
Recruit
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- 11
Before deciding to make a deposit: i) Check (performance, reputation, regulation, no. of years in business, owner/operator, etc) ii) Verify (T&C, reviews, etc), and iii) Test (demo account, Register with the least allowable deposit, Try to make withdrawal after a few trades if profitable).
No pun intended, this is a great suggestion for avoiding scams. But trading with a scam-free broker is not the only way to lose money in binary options. You can still lose if you don't apply an effective trading strategy. I think this is the most common cause of lost capital in BO trading.