Had I invested the same amount of money into binary options trades, that loss would have been $4000.
One of the hottest scams out there is free trading apps that are supposed to tell you which trades to make.
One last risk that should be considered is that most trading platforms you see online are not regulated by the FTC or any other organization. What this means is that if you put $1000 in your trading account today, and tomorrow the company disappears, you cannot complain to anyone. If you are still stuck on binary options and absolutely must learn about it, one website I think is trustworthy is Binary Options Guru.
The SEC and CFTC have received numerous complaints of fraud associated with websites that offer an opportunity to buy or trade binary options through Internet-based trading platforms.
I trade a lot of binary options but before any thing I research throughly any broker i want to use. I agree that money can be made in binary options trading, but certainly not with this software. As much as I tell people to stay away from them, trading stocks in this way is actually a legitimate way to make money.
Regulations in these parts of the world are not as strict, and you are going to have a hell of a time trying to contact anyone that cares about you losing money to a scam website.
In fact, just after reading their site a little bit, I’m starting to think that some of my math and understanding of binary options as explained in this post is flawed!
You claimed in your example that binary brokers offer a 7 unit payout and a 20 unit loss if you are loose. BEWARE OF THOSE WHO ADVERTISE THEIR SERVICE TO TEACH YOU BINARY OPTIONS STRATEGY FOR FREE, such as the ones posted by Sharron Bags. But you always have to fund your trading account, and there’s always a risk that you lose that money.
Considering that your minimum deposit for most trading sites is $200, considering all the risks outlined above, I think my numbers look a lot more enticing. Binary Options is not gambling because you need to understand how it works, if not then it`s gambling.
These programs are such obvious scams, but when people are in desperate situations, they believe things they would normally not give a second glance.
Do some research and you will see that Binary Options is not gambling or a scam, but if you use Clickbank software`s it will be!
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