Well all people have different views regarding binary options trading; some find it scam while called it lucrative. Personally I find it as a great investment opportunity which allows earning profit by just guessing the price of commodities in right direction. However, I agree that instead entering blindly, you must learn the market well, know the brokers, trading strategies, tools etc.
Some statistics to illustrate just how dangerous binary options brokers can be – according to the British Action Fraud cybercrime unit in the first six months of 2017 Brits have reported losses of over GBP 18 million to various binary options fraud. On average the loss of a single person amounted to GBP 22 811. The total losses to various online scams since 2012 have amounted to GBP 59 million. Most likely the losses are much greater, as the statistics is based just on the reported cases. (https://www.forexbrokerz.com/news/London-police-raids-binary-options-brokers-as-client-losses-mount) All this data prompted the British police to conduct raids in the offices of 20 binary options brokerages in the City this week, uncovering scams and dishonest practices.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.