Options

[Flood]

Can someone please give me their input on binary options. Im new to the trading world and not sure about it, heard alot of sketchy stories.

 

[just21]

http://www.timesofisrael.com/the-wolves-of-tel-aviv-israels-vast-amoral-binary-options-scam-exposed/

The wolves of Tel Aviv: Israel’s vast, amoral binary options scam exposed
An industry turning over hundreds of millions of dollars, employing thousands of people, is cynically cheating naive would-be investors worldwide via a range of corrupt practices. It is doing terrible harm to its victims, and it risks doing the same to Israel’s reputation

 

[just21]

Open a regulated brokerage account and trade on a regulated options exchange. Simulate a binary option by buying a call and selling a higher call (vertical). The problem with binary options is that even if you are successful you will never get your money out. They treat all money deposited as theirs as they are regulated.

 

[JackRab]

Binary options is gambling and I dare to say most providers/brokers are unregulated shit houses... don't do it...

 

[just21]

Open a regulated brokerage account and trade on a regulated options exchange. Simulate a binary option by buying a call and selling a higher call (vertical). The problem with binary options is that even if you are successful you will never get your money out. They treat all money deposited as theirs as they are regulated.

That should read not regulated in the last line.