How binary options brokers lure clients

Noorx posted:
Can't people have enough already? Isn't Forex the best we can have over the internet?

It is likely that they still attract naive people hoping to have excellent results with little or no sacrifice. It's definitely not an option when it comes to earning money! Honestly, I doubt that at some point this is monitored, and it is unfortunate

@tradfred Good points, you definitely need to risk and work hard to earn money over long term. What's also interesting for me is how with all this buzz around the binary options scam, there are still people who are naïve about them. I guess still not enough media coverage on the topic...
@trill12 I also agree here when you say about the scam development.

It's quite crazy about these binary options. I hope one day we will have a cure against this virus!

@jackell78 Binary options exist because of course there are still people who are willing to fall there.
@GFernandez78 And not my friend, I think it's an incurable virus

@trill12 advertisement all like that, not matter is legit or scam, so ppl sure misunderstood.
@jackell78 I remember when i know binary option is on fb advertisement lol...then know scam binary option software
i got friend play option but he big loss at last on margin call, it reminded me, better i cash in some $ to play forex then option lol..
 

Stay far far away from binaries, just my useful advice...

Guys, I think even ads should have some limits and regulation 😄 Like with the bans to advertise cigarettes and alcohol in some countries. Maybe governments should impose bans on binary ads as well one day! 😄

Another example why you should be exceedingly cautious while picking a new Forex, let alone a new Binary Options broker: CySEC recently issued a huge list of 100 unregulated Binary Options and Forex brokers (https://smnweekly.com/2016/12/14/cyprus-cysec-alerts-of-unauthorized-forex-binary-options-brokers/). This market is full fraudsters, pick your broker very carefully.

I think there will always be hazardous people who like to go to casinos, play roulette etc. This is like narcotic for them and it is a real addiction, like the one for alcohol or other drugs. I believe that binary options scammers will always find such people addicted to hazard. But regulation and prevention is also important.

It is the law of prey and predator. Both will exist, both are morbidly necessary.

@fabritzio Yes, you may be right. Scammers are much more creative than regulators who need more time to adapt and react to new schemes.

fabritzio posted:
@RPatell This is what I say, as they study them, they develop new malicious recruitment strategies. Of course they get away with it. It's like the game cops and thieves. 😁

Exactly, well said! 😁

fabritzio posted:
Sometimes I think the world can be a better place, then I think about what I said before and I forget. Hahaha 😁

😁 Hahaha

fabritzio posted:

RPatell posted:

fabritzio posted:
@RPatell This is what I say, as they study them, they develop new malicious recruitment strategies. Of course they get away with it. It's like the game cops and thieves. 😁

Exactly, well said! 😁

Sometimes I think the world can be a better place, then I think about what I said before and I forget. Hahaha 😁

Hahaha 😀 true..

@huseinn It is the system, you can not destroy the system, however, we can be alien to it.

Yes, guys, we all know we should stay away from this scam but unfortunately many out there don't even think about the risks when they get a call from their 'account manager'. It's crazy, just we should stay away!

Well, something is clear:
1. Do not regulate binary scams.
2. Do not penalize.
3. People ignore the warnings.

There is a saying ... for silver the monkey dances.

jamess2 posted:
Well, something is clear:
1. Do not regulate binary scams.
2. Do not penalize.
3. People ignore the warnings.

I think there should be regulation and penalties but maybe you meant that these things seem not to work or will never work. I completely agree about point 3! It's always like that. Take smoking for example 😉