How to Identify Scam Options Brokers and why IQ Option is a Good Pick
As the financial markets became decentralized – thanks to the internet, traders with little capital could now participate directly. Brokers scrambled to build online platforms that would enable traders to invest in the financial markets for a small fee. New financial instruments were created. Among these were options. Binary Options quickly gained popularity because they did not require a huge investment to trade-in. With as little as $1, a trader was able to speculate on an underlying asset’s price movements and earn a fixed return – in as little as 60 seconds. As usual, where there’s money to be made, there will always be a scammer around the corner waiting to cash in on unsuspecting victims. New online options brokers kept popping up. However, a good number were scams designed to fleece unsuspecting traders of their money. Governments in North America and Europe stepped in. They created tough regulations which virtually prevented options brokers from operating within these ...