That list is long and quite useful.
But, the slickest binary option scam I’ve ever seen is not even on that list.
Check out this sales pitch — Quick Cash System — but, don’t fall for it!
Cool video Dude 
Hi,
My name is Rebecca .I used to work in a big binary option company; I was in charge of the trader’s charge backs.
I’m sure I can help you get your money back.
Binary option has pretty much nothing to do with trading in its conventional manner on a 30m, 15m or even 1m chart. except for they both get their data from the same price action. almost the same price action though. if you see the charts, BOs have many more spikes in them which are caused not solely by the respective price but also by the BO dealers in order to ensure their profit. also there’s expiry on the deals and that expiry would be fair on the normal options trading for instance where your profit can potentially be huge and your loss can be managed. whereas on BOs you’d get 75% return on your deal if you are in the money before the trade expires but if not you’d lose 100% which in this respect makes even casinos logically more profitable.
Its totally gamble guys,but if you can win there, you will become rich faster.
Binary options are a gamble. People often accuse Forex of being like gambling, but I’ve never agreed with that. Binary options though are very much gambling in my opinion. They are also full of unethical, unregulated brokers (or brokers regulated somewhere off-shore) that are looking to snare some hapless newbie looking for quick and easy profits.
For examble, the AMF (aka the French financial watchdog) recently issued a warning against binaries trading software Preditrend. The broker spreading this software is marketing it very aggressively all over social networks and emails, and according to AMF they are flaunting unrealistic promises about profitable trades and large gains to be made. It’s unethical, at best, a scam at worst.
I think binary options trading is similar to other trading businesses and cannot be classified as gambling, it involves the same risk as in forex however your risk of losses are already known in binary options trading. All you have to predict the value of the underlying assets and if you are good at calculating the price movements you will make good profits. Many forex traders are also using binary options trading to hedge against their forex trade which is a great tool for forex traders as well.
This is another warning, this time from ASIC (aka the Australian financial watchdog) against Ubinary binary options broker, which they believe is a scam.
The broker has a business address in Zurich and a bank account to the name of Option Logic Ltd, registered in the Sofia branch of UniCredit BulBank. According to the broker’s website, however, it is run and operated by UB Innovation Limited, registered on the Marshall Islands. The broker, however, does not provide any regulatory information.
Be careful with unregulated brokers, and especially unregulated binary options brokers.
Another warning coming from Canada’s Manitoba Securities Commission this time, about binary options broker Magnum Options after an elderly woman lost $10,200 by trading with them. The entity has no authorization to provide binary trading within Manitoba, or any other provide in Canada. The elderly victim of the scam became aware of it after she lost $2000 and was denied access to another $8000 in her account. The broker required her to complete two additional trades before she could withdraw her money. The broker “advised” her how to complete them and she lost the rest of her account.
I have noticed a lot many trader’s complaint regarding these binary options broker so it is good to be very careful while choosing a good broker to start with…and i guess there are very few brokers which are good for trading.
True, finding a non-scammy binary options broker is difficult. The complaints about scams have been increasing in number lately. What is more, those complaints led to a number of regulators taking a hardline stance against binary options brokers, at least in Europe. France banned their advertising, Belgium has banned them altogether, the Netherlands might ban them as well, and now the German regulator also announced that they’re considering a ban. Who knows where else that idea will take, but I doubt it will end with Germany.
I really think that binary options industry requires to be monitored by regulators and I guess those black sheep binary option brokers might also put the whole industry into any problem.
The Cyprus Securities and Exchange Commission (‘CySEC’) issued an announcement-warning on with regard to Airfinance Pro Ltd. – a company which is no longer authorized to provide financial services, as its license was suspended by the commission and later renounced. The company operates several binary options brands, the most popular of which is BuzzTrade.
CySEC has given BuzzTrade three-month term from the date of termination of license (renounced in November, 2016) to settle all its obligations arising from the investment services provided, but the company has not yet informed the regulator that it has done that.
Only work with licensed and regulated companies!
Hi John, hope you keep your money safe, rather go out to a casino, at least you will get a night out before losing! Trade safe!
The Australian regulator ASIC recently updated its black list of Forex and binary options brokers with a number of entries. The binary options brokers added to the list are VX Markets, Millennium Options, ARAM Binary Options and Ivory Option.
Ivory Option especially seem to be famous among regulators, because the Manitoba Securities Commission (MSC), the British Columbia Securities Commission (BCSC), Belgium’s Financial Services and Markets Authority (FSMA) and the Cyprus Securities and Exchange Commission (CySEC) have all issued warnings about them.
I like trading binary options, it’s especially cool to trade with them when there’s a flat on the market. Having a good strategy one can earn good money, just like on forex, but withdrawing money may not be so simple. A broker must be chosen very responsibly.
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can some one please help me in iqoption thanks
No helping you bro. Close your account and walk away otherwise your just weeing into the wind
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The Italian regulator CONSOB has issued warnings against the binary options broker OptionInt twice over the span of a single month. The company apparently changed owners – or it is claiming that it has – over the same period of time, one can never be sure with such entities. It is also registered in an offshore zone somewhere, because of course it is. Don’t put your trust in such suspicious companies!