If you have been trading for quite some time now, you would have realized that binary options trading is one of the most lucrative forms of trading in this financial world. Unfortunately due to its rise, the binary online scam has grown tenfold, and hence, Morgan Financial Recovery tries to unearth all kinds of scams that are related to this binary world as of now.  In this article, you are going to get yourself acquainted to all kinds of binary online scams that have been happening and what are the potential science of a binary online scam.

Before we talk about binary online scams, we need to get you acquainted with our firm Morgan Financial Recovery. We are the best fund recovery group in the world with over 3 million dollars recovered so far, with the help of our 56+ attorneys on board and with our presence in over 18 + countries. They say that the best fund recovery group creates the most unique ways of recovering your funds and one of the best ways is done by our team members here at Morgan Financial Recovery. 

Lets now see how can a broker/company be labeled as a binary online scam:

Unregulated Practices and Fake licenses

Every binary options trader requires a license number and a proper permit from the regulatory authorities of that particular state or country before they can start offering their trading services. If you want to know if a trader is a part of binary online scam, all you need to do is to recheck their license number with financial regulatory authorities and find out about the date and year of registration. If the options broker is brand-new, we suggest you to stay away from it as it is not a proven trader yet.

Insane Returns

Binary options trading gives a good amount of returns, but not as good that it can replace your income source at one go. Binary options trading requires a lot of patience dedication and perseverance. In such cases, the usual return of binary options is more than stocks and Forex but not as much as one of the expect like somewhat around a hundred percent or above. In such situations, there are a lot of binary options traders to take advantage of the situation and promised the new traders that they are going to give them a return of over a hundred percent that too in a few weeks of time. Morgan Financial Recovery clearly states that as a clear cut scam and one that one should stay away from.

Difficult Withdrawal with Non-Existent Customer Support

Morgan Financial Recovery lists another sign of a binary online scam i.e. difficult withdrawal processes and almost non-existent customer support. You need to know that trading is something that needs good customer support because there are always a lot of queries be it a new trader or be it a professional trader. In such a case if the broker of the company is not having good customer support, either via email or via chat or via phone which is very important, to say the least, there is a high chance that the company is nothing but a binary online scam.

What to do if you have been a victim of a binary online scam?

 If you have been a victim of a binary online scam, the first thing that you need to do is to contact us at Morgan Financial Recovery. We have been dealing with binary online scams for over a decade and with our 90% success rate, we have been able to recover more than 3 million dollars while working in over 2400 plus cases. Our unique methodology of dealing with these scams has made us the number one choice when it comes to fund recoveries be it a binary trading scam, cryptocurrency scam, or even Forex scams. Do contact us if you have been a victim of any kind of binary online scam.