An Auto Trader is a paid service which is connected to your trading broker. The auto trader will place positions on your behalf with highest probability of winnings. Sometimes you can select what level of risk you want to take so I recommend to set it to low risk. An auto trader service is recommended for short period trades of between 1 to 3 mins.
Definately not. Many schemes might offer you a bonus amount with which you can trade with for free but they do not allow withdrawals of the bonus money OR the winnings made using the bonus amount. So it’s pretty much useless. Sometimes accepting bonus amounts also apply restrictions to the deposits you have made so stay clear of any bonus money offers.
At times traders can fall into the hands of a fraudulent company, pretending to offer the same services and level of customer care that the popular brokers offer their users. Depositing your money is easy with any company you signup with, yet the withdrawal process might quickly become a nightmare if you signup with the wrong broker. I am committed to keep the Binary Options Black-List up to date and I encourage users to email me at is you have any major issues with your current broker.
If you are %100 confident you signed up with a scam broker you can file a dispute with your credit card company and cancel out the transaction, in most cases you will lose if you don’t have sufficient proof that you didn’t receive the services you signed up for so the burden of proof is on you, the customer. Disputes may take up to 30 days but in the case you did in fact get scammed this might be your only possible way to get your money back!
Some traders may confuse the standard identification procedure implemented by all brokers for the safety of the users for an identity theft scam of some kind, yet this is a necessary procedure to ensure that the customer requesting the withdrawal is the same account’s depositor. If a binary options broker asks you for your Social Security Number of any other sensitive information besides your ID , Utility bill and Credit Card Info this might be a binary options scam and you should never give out this information!
In many cases, traders without any online trading experience fall into the New Account Bonus Offers that restrict the trading account. This restriction is referred to as a “Loyalty Offer” which sounds better, yet in reality a bonus restricts your account to a trading volume requirement that is usually much higher than the deposit amount, locking your funds with the broker until you satisfy the condition.