mlawson71 posted:
Singapore, unfortunately, has a serious problem with binary options scams, like many other places all over the world.

There has been a sharp rise in the number of complaints from investors in Singapore who have lost significant sums to unregulated and/or fraudulent binary options brokers, reports the Singapore Police Force. (https://smnweekly.com/2017/04/24/singapore-police-losses-to-unregulated-binary-options-platforms-exceed-1-7-mln/) The police said it has received more than 40 reports from investors who have lost over $1.7 million to unregulated binary options platforms.



I got ripped off by a scam broker recently it was difficult to get a withdrawal after several failed attempts. I had to hire a recovery solution firm to get my funds back. Glad this is finally over for me.