The first question someone might have about trading binary options platforms is, “is this whole thing legit?” It’s an important question: what am I getting myself into? What are my realistic odds? Will someone scam me? Like anything out there, there are different answers depending on who you ask and what your priorities are. There is some good information out there, but you have to know what you’re looking for, and you have to know how to look.
Forums are a great resource if you want a mass of differing opinions. They are open, most of them have deep archives on hundreds of topics, and some smart people write in them. However, you have to keep in mind that some dumb people write in them, too. The two biggest issues you have to watch out for are company shills and disgruntled customers: the first kind of person will use a lot of marketing-style terminology and will give you questionable advice, while the second kind of person had a few bad deals or had a bad customer service experience or just plain didn’t understand what they were doing before dropping a lot of money, and now wants to take out their frustration by making you think that’s what happens to everyone. Remember that the people who are satisfied have less motivation to speak out.
With some practice, you can start picking these people out from the crowd: the most extreme claims are usually false, and the ones that provide backup information, either screenshots or videos, or material from other websites, are usually true.
You can also, believe it or not, find some good information on the websites of best binary brokers themselves. Take everything with a grain of salt because they’re clearly trying to get you to sign up, but if you really want to dig deep, you can learn a lot about how their models work and what that means for their customers. Which is to say, what that means for you.
In short, do as much research as you can before depositing your money with any broker. Learn how different brokers approach things like bonuses, deposits, and withdrawals before you commit or else you might just end up becoming one of those guys that people have to avoid on forums. You wouldn’t want that, would you?