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Binary Options, what are they and potential dangers?
Binary Options are actually trading by using only UP or DOWN, but followed by a certain TIME FLASH (different from forex trading spots in general), and this Binary model Trading can be referred to as a game of Roulette, Horse Racing Gambling, or Small Big Gambling actually , but in Binary it is more modern and the object seems to use Forex and Stock, even though it is not as it should be.
BINARY OPTIONS are dangerous, because they are only false or virtual and there are no real and guaranteed underlying. Binary is only pure gambling, the market conditions are regulated by the dealer itself!
Even the FBI has also advised that Trading in the Binary type is very dangerous and classified as a fraudulent new form, here is a link from the FBI: https://www.fbi.gov/news/stories/binary-options-fraud
EXAMPLE OF BINARY TRADING: In this type of Binary, suppose you install a target if within a few minutes the price rises to 100 then you will win it. And if the price you have entered (entry) it cannot be changed, so that it can only wait for the point to be touched or not, by risking a certain value of money in your account. But if you win then you will get multiple results (not unlike the horse race or actual soccer gambling, but the "object" is different)
This Binary Options or Trading System Binary model does look like it's very easy (because gambling doesn't have to be easy to make attractive), BUT you don't know that they often cheat on the system to trick you, especially setting timers and running price prices so that you lost or have been arranged by them.
Usually binary options are offered to laymen who don't understand trading or maybe just a fad. But we do not recommend long-term trading in this binary model, because at Binary it is full of cheating and price manipulation (because in this type of Binary your opponent is a Casino or a Bandar, not the real Money Market).
Generally there are also Forex Broker companies that also provide this product as a product diversification to make it look complete, like a complete supermarket store where all the products are available there, both good and bad products. Because the choice will be determined by the Customer.
In addition, the company's goal of providing this is also to factor in income and increase turnover, because instead of not being provided, other competitors also provide it and many ordinary consumers choose it as well. Therefore, the provision of Binary trading in a brokerage company is also one of the company's strategies to increase its turnover / income rather than only providing 1 type of product.
If we are personally told to trade binary, then we prefer to trade forex in general (Non binary), because the strategy is correct and not lead to guessing or gambling that is full of deception.
Now we will discuss more deeply about the negative side of Binary trading.
The danger for trading Binary Options is as reviewed by FORBES magazine, namely:
http://www.cftc.gov/ConsumerProtection/FraudAwarenessPrevention/CFTCFraudAdvisories/fraudadv_binaryoptions
https://www.forbes.com/sites/investor/2010/07/27/dont-gamble-on-binary-options/#3a4c409430a8
Even the US government-owned financial institutions, such as the SEC, also give a warning if they want to play in this type of Binary, because actually it is a fool that uses human greed (especially lay people) with the lure of rich quick and easily led in the form of gambling:
https://www.sec.gov/investor/alerts/ia_binary.pdf
In addition, also read about the link link below, which proves that the Binary type company (for example: binary.com) is indeed a form of gambling, and that their permission is also actually a HOUSE.
This is the licensing link, here you can read for yourself that the written permission is as Gambling Software and Betting. (taken from the gambling regulation web).
https://secure.gamblingcommission.gov.uk/gccustomweb/PublicRegister/PRSearch.aspx?ExternalAccountId=39172
https://secure.gamblingcommission.gov.uk/gccustomweb/PublicRegister/PRSearch.aspx?ExternalAccountId=39495
Even on the original Binary Ltd website (the English version), it is clearly written as below:
This website is marketed in the UK and Isle of Man by Binary (IOM) Ltd., First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man, British Isles, licensed and regulated by (1) the Gambling Supervision Commission in the Isle of Man, British Isles, current online gambling license issued on 31 August 2012, and for UK clients by (2) the UK Gambling Commission - view license. This is the EU's marketed in the rest of the website, for investment products by Binary Investments (Europe) Ltd., Mompalao Building, Suite 2, Tower Road, Msida MSD1825, Malta, licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (license no. IS / 70156), and for gaming products by Binary (Europe) Ltd., Mompalao Building, Suite 2, Tower Road, Msida MSD1825, Malta, licensed and regulated by (1) the Malta Gaming Authority in Malta, license no MGA / CL2 / 118/2000, 26th May 2015 and for UK clients by (2) the UK Gambling Commission - view license, and for Irish clients by (3) the Revenue Commissioners in Ireland, current remote booker's license issued on September 29 2015 (license number 1010285). This website services are not made available in certain countries such as the USA, Costa Rica, Hong Kong, or to persons under age 18.
(Obviously written it is gambling on the original web version of the English version)
BUT unfortunately, they are MANIPULATING the Indonesian version of the website with a redirection system, so that if visitors from Indonesia the statement will be automatically hidden by them to deceive and not be found out if it is gambling and not blocked by the local government (for camouflage) . Whereas in their home country they did not dare to hide it.
So the name gambling is everywhere is to make people become poor and HARAM.
Even though now the gambling in the Binary system looks modern and can be used automatically with the Robot, but actually it is just a provocation intentionally when you play small it is made as if it is easy to win, but then once you have entered a large fund then they play with the system by regulating movements, prices, orders that are stuck, system errors, and so on (city tricks), with the aim that you lose. Because the casino won't let you win continuously, because REMEMBER THAT THE TYPE OF BINARY TRADING IS A CASHINO BANDAR that gets profit from your Loss!
The choice is in your hands. If you just want to play around at casinos or have fun, then Binary Options or Binary trading is a good idea for you to try (and keep on being OK), but if you want to trade seriously for a living or later become a professional traders who can trade for living or become rich, then learn and jump into real spot forex trading (non-binary ones).
Trading at Binary is difficult to make you rich (whose name Gambling must be poor, and taboo). DON'T JUDGE YES!
Other information about Binary Options and Things to think about carefully
We urge you to want to learn also about how to choose a broker broker company that is right and not trapped at gambling through this link: http://brokerforex.com/broker-forex-terbaik-dan-redred/select-broker-broker-/
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