I agree. Binary options are always rigged against you, even when you’re working with a broker that’s not supposed to be a scammer. They’re all there to make money off your gullibility. Take EZTD, for example. The US Securities and Exchange Commission (SEC) said on Thursday it has charged Israel-based binary options and forex broker EZTD Inc. with misleading investors and has ordered it to pay more than $1.7 million. The broker has lured investors into trading binary options over the Internet without disclosing them the associated risks.
EZTD has agreed to forfeit approximately $1.5 million in revenues obtained from US customers and to pay a $200,000 penalty.
If they’re doing that, what just how dishonest are the smaller, unknown entities on the market?
I have started with binary options and am finding it tricky but I have been watching the realtime market with the bollinger bands and the MACD lines and I’m not earning a fortune but it is interesting. I knew nothing of any of the forex and am still learning but I think if you don’t look into it it is just a gamble.