Editor's Rating

7.5
Hal J. Graves

It’s time you got to know the truth

Binary options are the talk of the town in recent years, and are still becoming increasingly popular. The internet is filled with stories about these options and how you should trade. Unfortunately, a lot of it is total nonsense. Can you still tell facts from fiction? We can, and we will. Time to debunk some myths and tell you the truth about binary options.

Binary options truth #1: not everyone’s a winner

If you do some thorough research on binary options, you will come across negative reviews. When reading these, you will have to remind yourself that there are 2 sides to that story. You may read a story from someone who thought it was just a matter of laying down some money, clicking a button, and watching the profits roll in. It’s not. But that doesn’t mean you will never make money trading binary options. Simple tip: read our Binary Options How To Guide.

Binary options truth #2: bonuses aren’t just gifts

Many newcomers still think of bonuses as free money. In a way, it is. But not really. You can only withdraw the bonus money if you meet certain trading requirements. Meeting them can be easy if you know what you’re doing. Just know that this is not extra money for you to keep without any obligation.

Binary options truth #3: trading bots? A whole different story

Many traders want to know about trading bots. The truth? There are some nice ones out there, but there are also a lot of scammers trying to take your money. If you want to play it safe, it’s best to stay away from trading bots. Or read our article on Binary Options Signals.

Binary options truth #4: it can be like gambling

Trading binary options isn’t gambling, and that’s the truth. However, some people make it like gambling. In the end, you can gamble on anything (what the weather will be like, if you will meet someone wearing red shoes, sports etc.), and the same goes for binary options. But if you do your homework, and you know your underlying assets, you can make it a matter of skill rather than a matter of luck.

Binary options truth #5: not every broker can be trusted

It’s a shame how some of the brokers out there don’t even try to keep up a good reputation. This damages the reputation of binary options as a product, too. Luckily, we have compiled a list of blacklisted brokers to help you avoid the scammers. If you’re looking for the right broker, visit our section of trusted brokers.