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Binary Options Scam Broker (Need Help!)

mlawson71
Sep 01 2017 at 15:24
posts 1487
What is fascinating to me is that the binary options scams are so wide-spread and ubiquitous that have spawned another industry – that of the recovery companies and professionals. (https://www.forexbrokerz.com/news/Recovery-room-scams%E2%80%93the-ugly-spawn-of-binary-options-fraud)

The situation with the recovery companies is rather similar to that of the binary options companies. There are the honest ones and then there are the fraudsters. It is hard to distinguish them and clients should be extremely careful.

ianlav
Sep 03 2017 at 06:43
posts 2
Something a lot of people don't realize is that whether a binary options broker is a scammer or not does not matter. Take an honest binary options broker, and look at the payouts. They are downright terrible. Your odds are literally better playing at a casino than they are with binary options.

It is very very difficult for a trader to get a win rate of greater than 55% on these even trades on a long term basis. Sure people can sometimes do it in the short term, but extremely rarely in the long run. Now apply that 55% win rate to an 85% payout and what do you get? A long term negative trade expectancy. It will just be a matter of time before your capital is eroded, and probably faster than at a casino.

If you think you have an edge in these markets, then trade vanilla options on a regulated exchange like the CBOE. You can't get scammed because it is a regulated exchange, AND you can build equivalent trade setups with equivalent payouts of 95%. Apply that 95% payout to a 55% win rate and you now have a positive trade expectancy.

Admoni
Sep 03 2017 at 06:50
posts 95
Forex trading business is much better option to me! Because of low trading cost! Yes, I it’s not easy way of money making, since more than 90% traders are loser! But till now I am with Forex and learning and updating my trading skill! Besides, I don’t like traditional job of my country!

mlawson71
Sep 04 2017 at 14:01
posts 1487
Yet another example of an untrustworthy binary options broker – the Japanese Finance Ministry issued a warning against Monte Carlo Binary, operated by the Seychelles-based M Carlo Capital Limited. (https://www.forexbrokerz.com/news/Japans-Finance-ministry-warns-of-HotForex-Monte-Carlo-Binary)
Talk about unethical advertising – calling themselves Monte Carlo Binary while being operated from the Seychelles.

Irina96
Sep 25 2017 at 14:44
posts 1
Hello friends. I think we all faced the advertising of binary options in the network before starting the business. I thought a lot about whether to trade binary options, whether you can make money on this and what strategies you can apply. The market of services in the field of trade in binary contracts is growing at an extremely fast pace, and it is becoming increasingly very difficult for a beginer to choose a company, a broker. If you decide to trade in the market then you know the choice of the right broker is the first major, very important step – https://topbrokers.com/ .

Admoni
Sep 28 2017 at 06:44
posts 95
Right now it’s difficult to recommend at any brokers , because lots of trading brokers are available in this market place and most of them are found to be scams. I can recommend only regulated which guarantee their clients’ funds.

petkofxlev38
Oct 01 2017 at 06:39
posts 14
Dear traders, one of our mentors in EAForexAcademy has writtn a whole section in our form how to recognize the smap brokers. You can read it in order to see and recognize every step and action they take to take people's money. The information is 100% true due to it comes for a sales person in such brokers.

mlawson71
Oct 02 2017 at 13:21
posts 1487
The Belgium regulator FSMA issued a warning about yet another binary options broker - Trade Invest 90 is not allowed to provide banking and/or investment services in or from the country. (https://www.forexbrokerz.com/news/Belgiums-FSMA-warns-of-Trade-Invest-90-forex-binaries-broker)
Apparently this is yet another shady company that is not regulated anywhere by anyone looking for naïve people.

Baldo (BaldoN)
Oct 03 2017 at 13:50
posts 522
It is kind of pity that in a time when financial authority regulators (in different countries) have started banning of Binary Options trading and brokers and still some people puts their money in there, attracted by some cheap advertising and soon after ask advises how to withdrawal their money back from the BO brokers and to complain in forums.

samabiong
Oct 04 2017 at 07:26
posts 1
The Canadian Government has made their decision:

https://www.timesofisrael.com/canada-passes-complete-binary-options-ban-urges-israel-to-follow-suit/

The Australian Government started heading in the same direction in June:

https://www.financemagnates.com/binary-options/regulation/australian-regulator-declares-ban-five-brokers/

The problem now is that many of these Binary Options SCAM companies are now trying to get into Cryptocurrency and Forex.
 


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