Binary options
Contact us for recovery if you got scammed in a binary options scam.
What are binary options?
Binary options are a type of financial product classified as alternative options. Although binary options trading may seem like a new speculative business, it has existed since 1974. They were created by the CBOE (Chicago Board Options Exchange), one of the largest stock exchanges in the world. Binary options were publicly traded until 2008, with many entities repeating the original CBOE asset listing.
Binary options are a type of option that allows you to predict when the in-the-money option will expire – that’s it. Some illegal binary options brokers allow for the prediction of profits out of money. A simple yes or no bet is made, hence the name double. Currently, binary options expiration times range from a week to a few minutes, and most modern binary options platforms specifically provide an expiration date.
Binary Options Scams: Get Your Lost Money Back
Thousands of binary options scams occur yearly, and we must fight against them. If a broker has deceived you, please contact us immediately. The quicker we meet them, the faster we can refund your money.
Are binary options a scam or legal?
Binary options are a scam and an illegal business. Considering the many legal differences between US, UK and EU financial regulations, you may be surprised to learn that binary options trading is legal in the US but not currently. EU and UK bans on binary options trading have recently been implemented; the first in 2018 and the second in 2019.
One of the main reasons for the EU’s ban on binary options trading is the need for more authorization throughout the process. CySEC (Cyprus Securities and Exchange Commission) has approved many unlicensed binary options brokers in the country.
Environmental regulations in the United States make binary options trading less safe but do not eliminate the inherent high risk. Perhaps no business is more fraught with danger in financial markets than the binary options market. It’s crucial to understand that binary options are more akin to gambling than predictions; they are accurate zero-sum indicators.
FAQs
Binary options are legal in the UK and have overlapping regulatory bodies, primarily the CFTC (Commodity Futures Trading Commission) and the SEC (Securities and Exchange Commission).
Binary options robots use various media – the first is executable software, and the other requires you to share your account information so the robot can trade on your behalf.
Binary Options Trading Copy is an excellent service for both robots and signals. The critical copy connects your brokerage account to your “owner” account and automatically transfers your account to you.