{"id":1317,"date":"2017-07-17T02:37:25","date_gmt":"2017-07-17T02:37:25","guid":{"rendered":"https:\/\/puvox.software\/?p=1317"},"modified":"2021-11-14T13:45:49","modified_gmt":"2021-11-14T13:45:49","slug":"stay-away-from-binary-option-trading-scam","status":"publish","type":"post","link":"https:\/\/puvox.software\/blog\/stay-away-from-binary-option-trading-scam\/","title":{"rendered":"Stay away from Binary Option “Trading” – SCAM!"},"content":{"rendered":"

Binary Options “Trading<\/em>” \u00a0(more than Gambling<\/em>)<\/span><\/h2>\n

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(p.s. There are different types of scammers, however, my article is primarily related to brokers, who do their “job” on small-timeframe charts.)<\/em><\/p>\n

Well, I wanted to write a topic about this unfaithful business and to warn readers of this blog. Probably, some of you have ever heard about “Binary option” trading ( like websites: IQoption.com<\/strong> or similar) or ever wanted to try it, because you have watched or read or heard, that there exists a “considerable” way to earn some money and get rich. Well, yes, it is a simple method to earn money, but not for you, but for those “brokers”.<\/p>\n

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What is Binary Option Trading<\/h2>\n

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I wont start explaining about that. It’s well explained in this\u00a0Wikipedia.com article.<\/a><\/strong>\u00a0You will see here different types of scammers… To say shortly, it’s not a trading actually, but it’is a sort of game, where you can watch the previous history of price movement, and you should predict if it be UP or DOWN (from the current point) after specific time. \u00a0If you will predict correctly, you win i.e. 90% of your bid, if you wont – you loose 100% of your bid. \u00a0In the most lucky cases, the profit\/loss proportion is 90%\/100%. \u00a0You might think, that you have enough chances to win, but…<\/p>\n

Official sources always mention that as a type of Gamling<\/strong>, not actual trading,and what’s more, mentioned as “SCAM<\/strong>“!\"difference<\/p>\n

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The famous New-York Stock Exchange<\/strong><\/a>, London Stock-Exchange<\/strong><\/a> and some other worldwide exchanges are REAL REPUTABLE institutions, that provide the link between the real-trading world and people, with the help of the 3rd party BROKERS. \u00a0Here comes the main part. You should find the brokers, that are REGULATED<\/strong>, this means that they cant make obvious tricks or do any manipulation, which will affect customers \u00a0(btw, some exceptions happens in history, i.e.\u00a0FXCM<\/strong> bankrupcy<\/a>). \u00a0I dont recommend to trust to unregulated brokers, they are SCAMMERS! Even “REGULATED” is not enough, look the base of the company, is that US company, or somewhere in non-reliable country?<\/p>\n

Binary Option trading, is commonly, unregulated part of the “trading” world.<\/p>\n

Most risky areas – Smaller timeframe charts<\/strong><\/h2>\n

While talking about small timeframe charts (i.e. 1 min or so), in general, “Binary Option Brokers” does :<\/p>\n