5 Signs Your Options Broker is Robbing You

Today you will find so many options for brokers working online. Among those brokers, many are not regulated and genuine which must be avoided at all costs and the remaining broker which are regulated only some of them do transparent business.

Among regulated brokers who run a transparent business is IQ Option. Why IQ Option? A team of traders runs some tests to identify the legit options brokers and this broker passed the test. So, now let us look at what are the ways that these brokers used.

Manipulating prices to control trade outcomes

It is so obvious that every trader has their own trading style to trade on a particular and preferred asset that works on many platforms. However, your broker owns the technology that you are using, and hence they have the power to change prices at will.

The next thing is if you have many winning trades then, to ensure your trades start to lose, your broker might use artificial prices. They do this trick by making a sudden change in prices by a single tick just before a trade expires. If you want to identify this trick you can check it on a different platform like MT4 and run it alongside your broker’s platform and can compare the price movements in real-time.

Manipulate the expiry time of the trade

It is important for you to have a close look at the time frame whenever you enter a trade because options are set to expire. So, when you set your order to get started, does it gets executed at the same time?

Does the timer expire at the reserved time? Does the timer count normally? There are many brokers who manage and make their clocks run faster so that your trade ends up losing and making money for the brokers.

Fishing for large investments placed on single trades

It is their trick to build your confidence by making you win on small trades and once you are confident and ready to invest a large amount, most of the time the trades don’t go your way.

Many brokers use this tactic to make you stick on their platform and fascinate you with small winnings and create an illusion in your mind that you are making money through their platform. Once you make a big investment, they will move you down and recover the money of your winnings and a good part of your account balance.

And then this kind of broker will make you deposit more money to recover your big losses and this cycle goes on and on.

Server disconnects right before trade expiry

This is the most standard way that fraud brokers use to rob their clients. After placing your order and watching the price expectedly move and just before the trade expires, the broker’s server suddenly becomes disconnected. It may be possible that your internet connection is lost but your trade will be executed.

And always remember that market doesn’t stop. After your connection is fixed, by that time your trade will be lost. 

Withdrawals mysteriously disappear

Note that many options broker has a specific timeline in which they deposit the withdrawals of their clients in their accounts. If any broker did not do the same then you are open to asking about your money.

And while choosing your broker make sure that they allow you to keep the track of your withdrawal process.

The most transparent options broker today

IQ Option has provided option traders with an excellent service that is grounded on transparency since, 2014. It’s been over a year that I am trading on IQ Option and after running many tests I have found that there are many robbers under the name of broker out in the market. So, do not wait and open an IQ Options practice account today and start trading. Make your experience to build trust in the IQ option.

Good luck!