Binary Options Con/Scam

This is a discussion on Binary Options Con/Scam within the Fixed Odds forums, part of the Commercial category; all scams its pure gambling also you have zero shot because of payout tables...

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Old Dec 11, 2014, 4:55am   #316
Joined Mar 2014
all scams

its pure gambling also

you have zero shot because of payout tables
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Old Dec 15, 2014, 6:36pm   #317
 
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Joined Dec 2014
DDOS attavk those assholes. It will make them lose a grip of money and hopefully force them to shut down.
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Old Dec 23, 2014, 10:58pm   #318
Joined Dec 2014
Didn't read all 32 pages but does anyone have any experience with 24Option - good or bad?

Also I've heard of people having problems getting money off TradeRush, but I have no experience with them.
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Old Jan 2, 2015, 9:31am   #319
Joined Nov 2013
I remembered 24option is a good broker but there also are some bad reviews, not too much. Please carefully check it on FPA or Google before investing anything to this broker.
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Old Apr 1, 2015, 12:48pm   #320
 
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We have recently tried to illustrate the importance of regulation in a recent post;

In the interests of transparency, this is the commercial website I am employed by and we operate as affiliates so... **vested interest alert**!! but I think our article still adds value to the discussion.

http://www.binaryoptions.co.uk/regulated-binary-options

Hopefully the industry will continue to make regulation a big priority as a great deal of harm has already been done to the binary options sector - but it has begun to get cleaned up.
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Old Apr 1, 2015, 12:54pm   #321
Joined Aug 2012
Quote:
Originally Posted by LouiseR View Post
We have recently tried to illustrate the importance of regulation in a recent post;

In the interests of transparency, this is the commercial website I am employed by and we operate as affiliates so... **vested interest alert**!! but I think our article still adds value to the discussion.

http://www.binaryoptions.co.uk/regulated-binary-options

Hopefully the industry will continue to make regulation a big priority as a great deal of harm has already been done to the binary options sector - but it has begun to get cleaned up.
Cysec as compared to UK FCA no comparison
If Alpari was in Cyprus what chance people have of getting any money back
Atleast in UK there is the 50K cover
SO unless Binary options broker start getting in to more stringent jurisdictions they won;t have credibility
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Old Apr 1, 2015, 1:51pm   #322
 
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Yes, a broker authorised to trade by the FCA would give clients absolute confidence. This should be the aim for any creditable broker, so binary brands looking at the UK will hopefully take note. Ultimately, it would be in their interests.
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Old Apr 1, 2015, 10:41pm   #323
Joined Aug 2012
Quote:
Originally Posted by LouiseR View Post
Yes, a broker authorised to trade by the FCA would give clients absolute confidence. This should be the aim for any creditable broker, so binary brands looking at the UK will hopefully take note. Ultimately, it would be in their interests.
Yes indeed, However that still leaves one main issue, Even if regulated within FCA umbrella, if the broker is Market maker then there is conflict of interest,
A true Binary Exchange would be even better,
AT this stage in USA NAdex seems to be the only one but in US under CFTC there is no client money protection fund like in UK
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Old Apr 15, 2015, 11:05pm   #324
 
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You should trade only with FCA ( UK ) or ASIC ( Australia ) regulated [Link removed] binary options[/URL] brokers.

Last edited by Trader333; May 31, 2017 at 3:12pm.
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Old Jul 6, 2015, 1:38am   #325
Joined Aug 2012
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Originally Posted by Trugernanner View Post
Binary options trading is the newest way of making money online but like in the case of anything thatís new, people still arenít completely sure that itís legitimate or not. For this reason, many people are asking the question if binary options are a scam or not.

The answer is that financial trading is not a scam [COLOR="rgb(255, 0, 255)"](Trading is not a scam.. the brokers, or service providers could be that is the point)[/COLOR] and you can really make money using this form of online trading. However, there are unfortunately indeed some brokers that are scams and should be avoided.

Fortunately, financial trading is already regulated in many countries around the globe and for this reason there are already a number of brokers that are regulated and licensed which are definitely not scams.
Again question is
- how robustly the market t is regulated?
- Entry barriers ( how secured a market would be if $2 companies start operating as a broker...

[COLOR="rgb(255, 0, 255)"]- What arrangements the regulator have to make sure clients of any broker will be covered in case of broker failure?[/COLOR]

SO on all accounts this "new" Binary broker model failes..
Yes it is true that some have gone through the scrutiny aof somebody like CFTC and have USA licence ( Nadex and Cantor)
I have been trading with CToption broker for a while and I have never faced any difficulties with them.
Just because you had no issues with this one does not mean the questions raised are answered by the hundreds of copy cat brokers fro many "questionable jurisdiction"
[COLOR="rgb(255, 0, 255)"]At the end of that day you are talking about an OTC product not a exchange traded product... do you get that?[/COLOR]
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Old Aug 24, 2015, 5:51am   #326
Joined Oct 2011
there are many scam binary brokers, the same thing goes for forex, but there are legit ones, like optiontrade most probably i would rout for binary brokers affilieted with bigger forex brokers just for the sake of credibility. but its still hard to tell, its like a never ending struggle to decide which is which.
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Old Sep 23, 2015, 6:57pm   #327
 
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I use Dukascopy. Unlike Nadex/IG .. its a very simple put/call Fx contract,
One or two quirks.
1.The price feed is the same ENC feed /with same spreads as their spotFx tick.
2. Clients puts/calls are priced off the applicabe bid/ask from that feed, at execution. E$ normally 3.(on a 5 digitFeed)
3. if strike is same as entry ..you loose. Strike must be ITM.
4 Strikes are NOT at minute/hour end but 60 secs/5mins/60 mins FROM EXECUTION TIME.
5. Payouts of 90%
6. Minimum deposit 100 USD
7. Flexible contract size 1 to 1000 USD
8. Custom contract lifecycle 1 to 60 minutes
9.14 base currencies: USD, CHF, EUR, GBP, JPY, CAD, AUD, SGD, DKK, NOK, RUB, SEK, PLN, HKD
10 Clients’ deposits protection by the government (up to 20,000 EUR)
11. Finally, the quirk....there is a builtin 2 second delay from the Dukas OBtradeservers receipt of traders execution instruction, and actual execution. This clearly creates a risk for clients in the two seconds following a placement, when a spike tick can give trader either a better or worse entry to that which they clicked on. I understand its there to stop traders/bots exploiting a sudden spike with a fast click.
Ive never had any problem with redemption's in 8 years Spot trading with this broker.
Theres a demo. Try it. Though if your US based may not be eligible.
(nothing to do with regulation.. your IRS.. Swiss institutions dont want to know anymore.)
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Old Sep 28, 2015, 11:56am   #328
 
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I don't see any reason why to use these "platforms" instead of IG/Nadex..at least IG is somehow regulated and can't just take your money and run.
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Old Dec 11, 2015, 1:55pm   #329
Joined Dec 2015
Lol,

What do you mean binary options aren't for everyone? They shouldn't be for anyone. Unfortunately beginners get sucked into it. binary options are by definition a scam.

Binary options are the equivalent of gambling. In fact the returns and payout for binary options companies are exactly the same as casino. Even if you were to look at best odds of 50:50 winning (which its not) platforms boast "up to 70% returns!" Which doesn't make sense at all - that means on a $100 trade you are risking $100 to only make $70 back.

Traders need to understand that it's not only about your % of winning but also your risk/reward ratio which is completely off in BO.

In the long run you will lose all your money in binary options trading. This is a mathematical fact.

Quote:
Originally Posted by Mr Stone View Post
Hello everyone,

I was taking a few days off from posting, then a client of mine gave me a heads up on this thread.
To Filmon, sorry you got yourself screwed over. But making aqusations about my platform and location and services is bang out of order. You are in London are you? Well how about you come through to our office and meet me face to face. I am here Monday through to friday.

You want to sling crap around fine. But try to make out that we are a scam and not with an office in NW London is pure crap. You have an open invitation to come through at any time.

For anyone also joining in. I have stated numerious times we are not currently regulated or licensed. Check out there to see who has a sterling reputation and who doesnt. GOptions is growing and still providing top sterling service to any client trading with the platform. To date not one client has had any problem accessing or receiving their money when requested.

To the forum veterans i know you do not like binary options. fair enough it is not for everyone. A client chooses to buy the option on not. Bonuses are optional and not forced on anyone, and most importantly in our terms and conditions everything is in black and white.

Filmon, as I said. You are more than welcome to come through to our offices and see me face to face. I am in the office 10am GMT until late every day. So, before you continue badmouthing us, who incidentally have never had you as a client or treated you poorly at any time I suggest you get your facts right. Once this month is done I will continue posting some trades and ideas. Again I am not forcing anyone to do anything and yes I am after new clients. Everything I have said and done has been upfront and I am the only broker to have come to this forum for Binary at least and done that. Actually answered straight up to all questions and pokes.

Sorry if you got shafted. Next time READ the terms and conditions before you throw your money down the toilet with a platform that is out to screw you over.

Mr Stone
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Old Dec 11, 2015, 6:29pm   #330
NVP
 
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Binarys are the first way many wannabee traders get into trading ...........they are relatively simple to understand (like betting black or white in roulette) and will bleed you slowly.......

I cannot recommend enough people moving swiftly on to the next level and learning to trade for real.........its the only chance you will have to make money trading

N
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