Binary Options Scams
Scammers gain most of their victims from traders trying to find an easier way. Binary options reduce the complex fluctuations of actual investing to a simple binary decision. Will the price of the asset go up or down? Having just two simple choices makes traders think they stand a better chance of making the right choice and winning big, but that just isn’t true.
The extent to which binary options are used in scams has led to most countries banning any trading of them at all. This means that every binary options broker you come across is going to be unregistered. There will be no accountability and no easy way to track them down.
Investing in binary options is no better than gambling. In fact, it’s worse, because you know for sure that the house is crooked. There’s no reason to get started trading in binary options, but if you already have, it might not be too late to get you a refund.