Tradesmarter the binary options technology developer announced today

Many trading sites are based in exotic island locations (a popular one has its head office in Vanuatu, a group of small islands in the southern Pacific), so you have little recourse if you dont get back money you are owed.

These risks are spelt out in small print on the site, but they are deliberately understated. To begin with, you need to have built up trading and financial market experience over many years; you need more start-up capital than you think; and the right type of personality, among other things (see What it takes to be a trader, below).