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I played around with a demo account. To me it's too much like gambling, but I was only doing 5 minute binaries. And with the volatility of the Forex market the longer binary options don't seem like a good idea.
There has been yet another warning issued by the British regulator FCA against a binary options broker. The FCA has warned that the company Tradeplus Solutions is offering financial services to UK clients without the necessary authorization and that it may be a scam.( https://www.forexbrokerz.com/news/FCA-warns-of-Plusoption-binary-options-broker) According to the regulator, the company has an address in Bucharest, Romania and in UK. According to the company, they are owned by Redfield Markets ltd, with the same UK address as that of Tradeplus Solutions. Usually such changes of company and brand names are an almost certain sign that this is a scam, trying to rip off unsuspecting clients.
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.
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