When you are choosing a binary options broker, always make sure to take your time and do your due diligence. There are enough documented cases about fraud, and despite the fact that financial regulators have become tougher on the brokers and the type of advertising they can do, there are still many dodgy firms you need to steer clear of.
Binary scams are the sickness of the industry. Binary options, as a trading instrument, have a bad reputation mainly because of the scam schemes. Too many traders have been ripped off during the years, and they spread negative comments all over the internet.