Are binary options worth it? and how to avoid a scam?

[Jerry]

You can't avoid scams because they are all scams.

It is not investing, just betting at terrible odds. The only ones making money are the thieves running the sites.

The odds are totally stacked against you. Earlier someone asked about a firm paying 70% on winners. Here's how the math works in that example.

Win: 70%
Lose: 100%
Expected value of each trade: (70 - 100 ) / 2 = -15%

A legit options broker would be registered on appropriate government sites. None of the widely promoted sites are regulated. Many are in obscure countries with no customer protection.

US: Check CFTC and SEC sites
UK: See FSA site

The CFTC link below about investing risks applies to both forex and binary options.