Why Are There So Many Binary Options Broker Reviews on the Internet?
There are many sites on the internet today offering in-depth reviews on various binary options brokers. There is a very good reason for this actually. The main reason is that because there is so little regulation in the binary options niche, it is very difficult to determine which brokers are good and which should be avoided.
The good and well known brokers usually have a lot of reviews going their way. For example, there are quite a large number of Anyoption review sites floating around. I'd say it's somewhere in the hundreds actually. On the other hand, if you look at some of the lesser know binary options brokers, you'll find difficulties finding even ten reviews.
This can also be simply because if they have a bad rep, no reviewers would want to waste their time and money since they already know that the broker is bad. In order to open a trading account you usually need to deposit anywhere between $100 and $500. If a reviewer knows ahead of time that the broker is going to cheat him of this deposit, he'll prefer moving over to a more legit broker and reviewing that one, since there's a much bigger chance that they'll be able to get their deposit money back after the review is finished.
It's simple economics in this case.