Warning about Binary Options - Page 2
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  1. #11
    Quote Originally Posted by scottmcclure View Post
    Ok, so we can all agree that binary options are relatively new and under regulated and many platforms that are not regulated are akin to trying to beat a casino house. Is there anyone who has had success with a legitimate, regulated binary options broker?
    There are many fully regulated casinos and still, the house ALWAYS wins!
    They took casino 101 business plan and change the 'Betting' to 'Trading'.
    They pay back 75 cents for each $1. You can get better odds at Las Vegas.
    But still, legal betting for everyone! Anywhere!

  2. #12
    Join Date
    Oct 2010
    Location
    Saint Paul, MN
    Posts
    9
    Haha! Agreed, Mike! I'm not at all saying Investment Bankers are providing a community service and that they just sort of like making money but love people more *looks at Goldman Sachs* This may be casinos for those who don't know cards, but know charts. I have a friend who makes an impressive side income from Blackjack. I'm sure the same can be done with the legitimate, regulated binary options brokers. Just wanting to hear a success story or two.

    Place your bets!

  3. #13
    Join Date
    Jul 2012
    Posts
    4
    Dale thanks for the incite. Ive been trading BO's for about a year now and have had mixed results. I feel like its a legit investment thing, but also like gambling. Is there anything wrong with BO's besides what your saying? Ive paid and been paid in the last year and havent had any legitimacy issues.. WHy is this getting sucha bad wrap? Also.. How different are BO's then FOREX??? Does it depend what site your on? Im trading on Optionmint.com. No problems thus far. Im only a 100 a trade kind of guy though. Have you heard anything about them? I havent had much an issue other then making bad trades. Any Thought?

  4. #14
    Join Date
    Sep 2012
    Posts
    9
    trading with platform is not important, I withdraw $8000 binary option,work only with big boys.if you just want to wait until everyone is regulated. just wait for us to show you a $100000 before you started.I seem amount to $500000 so what is amount compare to their should they be even more worry.important make consistent money,withdraw consistently.make sure you get back whatever you invest in. what there to worry. worry you don,t make money

  5. #15
    Join Date
    Sep 2012
    Location
    feversham on., canada
    Posts
    1
    wow crazy stuff i been reading . gambling is the key word . i have been trading in the futures market . selling options on futures most of the time . after 12 years i have bean watching the forex and tried it with limited success . the binary options at least the hour options look good to me because you can trade straight or hedge . even get out early to protect a gain or limit your loss. the money invested can be small . any trade person in any market either stocks futures, commodities , forex or the binary has a little gamble in it . i am not a fundamental trader. i like charts and tale they can tell me to help a bit to become an educated guess. not just a throw of the dice . my thought anyway. back to binary stuff. does anyone have any good info on or for a newbee in the binary world.

  6. #16
    Join Date
    Sep 2012
    Posts
    9
    get real financial market is the biggest casino whether you are forex market ,stock, commodities a big gambling machine. question is whether you are making or losing.like george soro says it not a matter whether you are winning or losing. it how much you are winning when winning and how much you are losing when losing.I like binary option because it simple and you control your win or lost
    Last edited by tommmi88; 09-29-2012 at 01:47 AM.

  7. #17
    The problem with non regulated Binary Options brokers is anyone can start their own Binary Options business for under $20,000, even as low as $12,000.

    So you get unexperienced people out there (with money) who start their own Binary Options business.

    But they may not always have enough money to pay people their withdrawl requests or winnings.

    So they use various tricks and offer bonuses, with fine print, that requires traders to spend X amount of money on placing trades....the whole purpose is to keep them in their system so their chances of losing increases, and then the Binary Options broker accumulates money as their clients lose trades. (If they get clients that are winning too often, that is not suppose to happen, they need to do quick thinking to get them to start losing trades).

    They make money when you lose.

    So say half their clients lose and half win on the same trade.

    The broker will pay the winners from the money of the losers, and then keep the remaining for themselves.

    But a problem arises when too many of their clients win trades, and the losers are minimal.

    Then they not only pay the winners all the money from the losers, but will need to get into their own money and pay them some of that too.

    So what happens when the broker does not have enough money to pay everyone their winnings or withdrawl requests?

    Then they get desparate and start playing games, and changing rules etc.

    They can get away with all of this if they are not regulated.

    On top of this they are probably spending money for their lifestyle, and at the same time are not getting enough clients losing, so their income is limited.

    Then when you request a withdrawl the reason in some cases it may take a month is because the Binary Options broker doesn't have enough money to pay you so they are waiting for their clients to lose more and more so they can use that money to send you your withdrawl request.

    Whether all this is 100% accurate or not I don't know.

    I first heard some of this info in this video:

    Binary Options Dirty Little Secret - YouTube

    I am not saying these things are true of every Binary Options broker, but just use caution.
    Last edited by hifromeddie; 11-17-2012 at 05:10 PM.

  8. #18
    Join Date
    Sep 2012
    Posts
    10
    Thanks for your break down of possible goings on with binary options.....
    My own experience has been that they make me an offer that for every 5,000 I put into my account they are willing to match it with their 5,000 bonus...but I have never been able to make enough winning trades to give me more than 10,000 dollars of my original account. In fact once I get down to say 6,000 they ask me to top up another 5,000 and they will also put in 5,000 bonus so now I have 6,000 plus another 10,000 giving me 16,000. then once again (they are giving the VIP signals) not all winning of course, brings me down to say 8,000 and once again I am asked to top up along with their equal top up amount......but my question is where does it end and when do I start making money without topping up all the time.....has anyone experienced this???? frustrated......

  9. #19
    Quote Originally Posted by paulanatar View Post
    Thanks for your break down of possible goings on with binary options.....
    My own experience has been that they make me an offer that for every 5,000 I put into my account they are willing to match it with their 5,000 bonus...but I have never been able to make enough winning trades to give me more than 10,000 dollars of my original account. In fact once I get down to say 6,000 they ask me to top up another 5,000 and they will also put in 5,000 bonus so now I have 6,000 plus another 10,000 giving me 16,000. then once again (they are giving the VIP signals) not all winning of course, brings me down to say 8,000 and once again I am asked to top up along with their equal top up amount......but my question is where does it end and when do I start making money without topping up all the time.....has anyone experienced this???? frustrated......
    I haven't traded in Binary Options yet, but have researched it.

    From what I researched it is not a good idea to accept bonus money.

    Some say they use bonus money to trap you and keep you obligated, and your chances of losing trades increases.

    In the post above this one I posted a link to a Youtube video I found where I think someone discusses (in a small part of the video) why you should not accept bonus money.

  10. #20
    Join Date
    Mar 2011
    Location
    Maryland
    Posts
    112
    I always knew binary options was a bad gig. A BO broker called me and tried to get me to sign up, after having difficulty answering my skeptical questions (is binary options manipulated) i asked him if i could open a demo. He said no, you can only trade binary options live. That right there says it all folks

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