These scams are unfortunately extremely common in the field of
binary options. Dishonest brokers and reviews, or rigged robots
and other auto trading services – the scams can come in many
forms. So we feel it’s necessary to list the common known frauds
and dishonest techniques in one place.
Our goal is to inform and to help you recover your lost funds from
the banks and credit card providers through our extensive
knowledge in fraud detection and years of experience in dealing
with these matters. We have a professionally trained group of
recovery agents who have worked in the financial sector and have a
high success rate including many satisfied customers.
When any new financial instrument or form of trading first
emerges, a whole range of businesses tend to get involved. It’s a
fact of life that some of those product providers are going to be
more trustworthy than others. This is certainly true of binary
options. It is, after all, an accessible and popular method for
individuals to trade the markets. What’s more, at least in their
early days, binary options trading platforms tend to operate under
the radar of the regulators and from any country over the internet
– so it’s hardly surprising that unscrupulous operators seek to
take advantage.
What exactly is a binary option? it’s a type of options contract
in which the payout depends entirely on the outcome of a yes/no
proposition, typically related to whether the price of a
particular asset—like a stock or a commodity—will rise above or
fall below a specified amount. Unlike regular stock options, with
binary options you’re not being given the opportunity to actually
buy a stock or a commodity—you’re just betting on whether its
price will be above or below a certain amount by a certain time of
the day.
For example, you expect the price of an individual stock will be
above $80 at 3:30 p.m. today. So you buy a binary option that
allows you to place this bet at a cost of $60. If at 3:30 p.m.,
the stock price is $80.01, your payout is $100, for a profit of
$40. If the price of the stock at 3:30 is $79.99, you lose your
$60. Of course, you can buy multiple binary options, which can
significantly increase your winnings as well as your losses.
While some binary options are listed on registered exchanges or
traded on a designated contract market and are subject to
oversight by U.S. regulators like the commodity futures trading
commission (cftc), much of the binary options market operates
through websites that don’t comply with U.S. regulations. And many
of those unregulated websites are being used by criminals outside
the U.S. as vehicles to commit fraud.