Binary Scams

Digital Options Scams

Fri, 13 May 2011 14:18:49 +0000

Digital option trading is mostly publicized as a useful technique to simplify the process of trading in downturns or upswings in the binary trading market with minimum risks. Let’s debunk or set aside some myths associated with digital option websites and platforms that further encourage them before we go onto understand their working mechanism. First of all, most digital options trading platforms entail some scam or the other, some are even so cruel that they might rip you of all your invested money or expose you to an unlimited and inevitable chain of risks.

One common scam associated with digital options is their promotion as the most lucrative trading platform in the sense that it will provide a guaranteed return of 75% – 80% upwards on the invested sum. This should be set off as a danger sign as it had been noticed in the case of the mortgage financed security derivative a number of years back. The failure of the U.S. financial system due to the collapse of the mortgage lending company, which included the credit default trade, can be attributed to such toxic assets. Hence, it is always advisable to ask for precise and detailed descriptions of the project in which you are planning to invest. This will give you a comprehensive view of not only the risks involved in that project but also of the returns that can be expected from such investments.

Binary options can be considered financial instruments that offer a relatively permanent sum of profits which is a fixed percentage of the invested amount. These differ from the standardized options, since these expire on an hourly or daily basis while most standardized options expire within a period of 9 months, except for leaps that might expire within 2 years. The number of risks involved in digital trading in terms of the exposure to scams is fixed, while such scams associated with standardized option trading are unlimited.

Therefore, rules for governing scams for digital options, also popular as fixed-rate options, are the same as those formulated for standardized options. It was in 2007 that the CBOE (Chicago Board of Option Exchange) accommodated a section in its rule book to deal with scams that are normally involved in the trading of digital options. In this context, it introduced a change in this section to declare the same regulatory oversight and scam assessment to be followed for digital options as were being followed for standardized option scams till then.

Most people opt for digital options trading after seeing them being advertised as simple binary options trading. However, little do they realize that digital option trading is not a cakewalk and can appear simple and risk-free only after digital option platforms have been analyzed thoroughly in terms of the conditions they lay on their investment contracts. It is only when various scams related to such trading platforms have been recognized, that one can expect digital options trading to be a profitable business and an enjoyable experience.

Binary Frauds

Fri, 13 May 2011 14:18:21 +0000

Binary options have become very popular owing to its simplicity and high yield factor. These digital options have an hourly turnover which makes the entire trading capital turnover very rapid. Trading through Binary options is preferred as the investment duration is only measured in hours and does not take days or months as in other alternatives. The other unique issue is that the trading in Binary options is done only with limited scrips which have a good brand presence and are included in trustworthy securities and indices. The option of Binary being paired with other investments to create either/or scenarios is also useful in reaping good amount of profits.

But eventually it is to be made sure that Binary dealing is not free from errors. Amateur traders that just enter into binary trading for the sake of making fast money end up dealing with fake brokers and fraudulent companies and end up losing their money.

Due to the increase in Binary Frauds individual investors are asked not to trade through this medium by using Binary as an instrument, as Binary options usually indulge in market speculation and is therefore to be played very safely. Only senior players that are experienced in the field of future trading and short term investments would be able to understand the nuances of digital options.

Binary frauds are reported on account of the fact that these options simply rely on the mechanism of betting on the asset speculating the increase or decrease of asset value in the short term, whereby booking profit if the value of the asset registers even a slight increment. Binary options do not invest in corporate bonds or government securities as they are considered to be long term security options, they are prone to frauds as lot many companies deliberately lower or increase the asset value for the sole purpose of speculation.

For instance many people report Binary fraud while dealing with anyoption.com. The site offers One-touch options feature which commits 380% return on money invested over a period of one week. The fraud came into notice when one of the investors who got legible to a 280% return on his $100 investment got no credit to his account. As per all the rules and details mentioned he clearly surpassed the standards and got eligible to a handsome return. But to his dismay he was not rewarded the promised sum. After sending mails for more than a dozen times the investor tried contacting the US office which to his dismay was just a hoax. The number mentioned was never received simply clearing out that it was just a fraud.

EZ trader is rated as better than any other binary trader or binary broker as people have never registered any complaints or fraudulent activities while trading through it. In its entirety Binary options may seem to be very lucrative provided thorough research and knowledge is ascertained. Else one might fall into the trap of being just another victim of a Binary fraud.

Digital Scams

Fri, 13 May 2011 14:17:58 +0000

Digitization has led to revolution of the everyday living of a man, whereby the most common appliances and instruments found in and around the periphery of dining tables, kitchen, offices, stores or workstations seem to beep every now and then. The investment and money market is not far behind. The prevalent binary option is now more popular as Digital options as investment and trading is now all digitized.

The commercial transactions have taken a new dimension whereby the cycle of input, processing and output leading to a transaction procession system has paved a long way of digital era where events, people, object or even surrounding have a code or rather is assigned a digit. With passwords becoming security cover, digitization was bound to rule the roost. Similarly money markets have gained a new momentum with scrips converted to digits, which makes it much simpler and convenient to trade across.

This new form of digital investment and securities market has lead to the introduction of comprehensive rules and regulations, which governs the trade and commerce particularly with the advent of online trading. But ingenious know the art of rule breaking. Thwarting the existence of cyber law, or IT governance or rather any law governing the existing digital world, scams are ubiquitous, perennial and inherit the very essence of existence if a scam preventing machinery is raised.

DIX digital scam is one of the most sought after and discussed scam, in terms of digital scams. The police is ostentatiously soliciting information from the general public related to this scam and is in fact asking them to come forward if they have been the victims in any way. People have now started reporting digital scams as they feel they have a right to be heard. For instance a victim has reported for an online scam against nultec.net, where he ordered for a videocam online and got duped.

Digital switchover is another digital scam which is now catching the attention of many. These clever rogues use smart persuasive tactics to make money by trapping gullible and conceit their candid and trustworthy perceptions. Though websites like Consumer Direct have been initiated to prevent such fraudulent practices, yet consumer awareness for digital scams has to be introduced in a big way.

People need to be a bit cautious to safeguard themselves from these digital scams. One should not take action on an impulse and should contemplate for a day or two to ascertain the offer to be genuinely attractive. If there are any unidentified callers, proper identification should be ascertained before entertaining them. The digital tick logo should be acknowledged before ordering any product or service for switchover.

Eztrader promises to train binary options in two minutes. Is it believable? There are numerous people are today inclined towards these Binary options and require extensive training and information. For the same they get trapped to these sites offering ineffective training and redundant information leading to digital scams.

Financial Bets Scams

Fri, 13 May 2011 14:17:39 +0000

Financial markets have always been a keen area of interest for the investors. Money markets have emerged as a strategic arena where corporate plunge everyday to witness the rise and fall of themselves and their contemporaries. This fluctuation in the power and financial strength of companies changing every minute, lays down a very interesting foundation for millions that try their luck and deploy their intellect to forecast, predict or anticipate the fate of the listed companies. Investors invest their hard earned money in this financial market only to see it multiplying further. Everyday stock Trading is thus one of the root activities which makes the market dynamic and volatile. Financial spread betting is one another strategic weapon used in this financial warfare. It provides the investors with a very interesting and lucrative opportunity of earning money and trading in financial markets without even being the owner of the financial instrument. This gives the investor a liberty to speculate in the financial markets in favour of any shares, currency, commodity or an index without actually buying them. Through this contract setting the investor follows a well intricate and researched activity of nominating his own stake based on market calculations and finally settles the bet as the difference between the selling and purchase price. Thus actually without even owning the share or an index the bettor gains or loses the difference between the sale and purchase price. But again it is a very risky phenomenon and amateurs or novice should not start financial betting without any thorough research. Lack of knowledge and experience make these subtle investors victims to financial betting scams. The financial bet scam has been one of the biggest discoveries in the money market which shocked millions of investors being played at the mercy of a very well integrated and coordinated effort of an undercover lobby. The depth of these scams cannot be unearthed as many biggies are involved and they pose a hindrance in way of impartial scrutiny. The financial betting system gets prone to scams and frauds as the underlying clause of settling the difference between the sale and purchase of a scrip price is very vulnerable. As there is no physical exchange of ownership the legal format of first purchasing the share and then selling it is almost non-existent. The middlemen play a very important role in settling the differences between the bets and thus they are always exposed to the opportunity to mould and interpret things in their own fashion. Though these financial intermediaries do exist in the form of corporate itself whereby they offer sound financial advice and services to new or rather existing investors they do at times get an opportunity to Liason and sign unwarranted deals with companies to fool the gullible investors and swipe a major amount of money by reporting fake losses. Financial bet scams are reported in dailies and written in blogs every now and then. It is always better to indulge in sound betting process and rely on the services of an established broker. Else you would just end up being another victim of a financial bet scam.

Binary Trading Scams

Fri, 13 May 2011 14:13:25 +0000

Binary trading has become extremely popular. The trading is quick and is volatile. The best aspect is that it is easy to comprehend and apply. Financial markets are bit extricate and involves a thorough understanding of different terms and practices. With the introduction of Binary Trading options however trading and earning money through financial bets have become comparatively comfortable. Actually the concept of trading is that it involves acceptance of a known risk which offers a sound reward. The most promising trades are thus a combination of probable risk and reward, where the Weightage of risk is low and that of reward is high.

But one aspect worth considering is the sanctity of binary trading. With the introduction of binary trading options the possibilities of committing a fraud or felony is raised to an all-time high. Binary trading scams are registered by poor investors who fall a prey to smart scammers. The scammers commit binary trading frauds by offering lucrative profits to the gullible investors. Thus it is very important to ascertain that the out of the box trading ideas should be easily identified and be aware of.

Binary trading scams can further be avoided by following certain simple canons of investments. First and foremost the company name with which you are dealing reveals a lot about the true nature of the brokering firm or truly a bookmaker. One should be very cautious to avoid flashy names and not deal with anyone who sounds very boastful or flashy. Another important aspect to consider while detecting Binary trading scam is to study the website of the broker. Though the content of the broker’s link would be very impressive with appreciating client reviews and professional service. But the site which lacks depth in explaining the procedure or refrains itself in displaying its results or facts is sure to be a fake, and thus susceptible to frauds and scam. To lend authenticity these sites sign up contracts with leading professionals and financial experts to display their photographs on the site.

Internet has revolutionized the world of professional identity thieves, hijackers, password spoofers and scammers. But if you are cautious you can spare yourself from these scams. For instance you can very well ascertain the time when domain of the Binary broker is registered. Usually it is found that the domain has been registered just few months before, where the broker claims to be experienced for more than two to three years.

Excellent salesmen, pushy and aggressive sales tactics are other aspects which point out the possibility of a Binary trading scam. Moreover the scammers are usually not registered with FSA or any other financial regulatory body. Thus if you want to avoid being a victim of any binary trading scam it is very important for you to ascertain that all the parties involved in binary trading should be experienced, follows proper regulations and norms and is not indulge in any activity involving a scam or fraud. Binary trading scams can be avoided. The investor just needs to be a bit vigilant and knowledgeable about financial instruments.

Binary Bets Scams

Fri, 13 May 2011 14:13:03 +0000

People are always on the lookout for ways by which they can make money and that too easily. There are thousands of professional investors and day traders that make money from stock, commodity and forex markets. However there are a larger number of traders that lose more money than these traders. So should it be assumed that common people cannot trade in these markets and make money? Probably not and this is what is happening in the arena of day trading.

A newer form of trading known as binary betting is gaining popularity among traders. Simple and enticing the binary betting involves anticipation of how the markets would open or close. This means that if the criterion of the bet that has been predetermined is met by the trader his chances of earning double the investments are sure. But opposite to this if the criterion is not met, the trader might end up losing all his money.

The concept of binary bets depends on the fact that the traders can use the double up bets and the double down bets to make money. They simply have to anticipate how a share, an index or currency would move. If the anticipated movement is correct, even by a tick, the stakes can be doubled. However there is a catch here and that is what denotes binary bets scams.

Binary betting companies dupe inexperienced investors by asking them to put in money in assets that they have interest in. Since trading is impulsive and the investor believes in his broker, he puts in the money. Often these bets are skewed by the companies in their favor. Even a slight skew is able to provide them the necessary difference that can make them earn profit and the investor bear the loss. Since the investors are losing more than half the time, there is someone that is taking the profits and that someone is the betting company or simply the brokers.

Of late certain scams have been reported and highlighted by the Board of Controls that governs the trading arena. The betting companies make money by over-hedging the bets that have been placed by investors. There have been certain trading platforms as well that have been reported as scams as they do not provide the cash that has been earned by the investor.

Many a times the betting companies provide insider tips to their clients that urge them to trade particular stocks or indices at particular times. These tips are nothing but ways to guide the investors in putting in money in assets that the brokers have personal interest in. With additional input the prices are skewed in favor of the brokers that easily exit by profit booking leaving the real investors to face the loss. Therefore any such tips from the brokers should be eyed with suspicion and taken down to be researched further.

Real information and proper analysis are the real inputs to a successful trade. One must remember there are no shortcuts to earning money and any such claims of making quick money should be shunned as scam.

Binary Scams

Fri, 13 May 2011 14:12:27 +0000

It all starts from a cold call. The caller would be a very impressive professional form a well reputed organisation which would claim to be financial wizards and experts in the field of investment and money markets. The cold call is made to make aware the prospective investors about different options available to trade in the financial markets and get an opportunity to earn fast money. Few people fall in the trap of these callers and deposit some initial amount of money in their account to be operated by these binary traders. Initially the brokers in order to keep the trust factor intact, would make the investor reap some money and no sooner the investor deposits large stakes in his account than the trader disappears with the entire amount. These scammers are so smart that they do not let the investor take out money form their account. The brokers would have some or the other excise and would finally persuade you to hold money in your account. Finally the broker realizes your intent of withdrawing money thus disappear with your original investment. Double Con Scam is one of the most discussed binary scams. Many people have been the victims of this scam and thus it is very important for investors to understand the exact mechanism so that they could avoid being a prey to this fraudulent activity. Double Con scam works on a simple mechanism of a fake life cycle span for a share index. First the investor is asked to invest in a particular stock which appreciates quite to a considerable extent, then the prices of the share start reporting a downfall which eventually leads to a steep decline in the share price. Thus where the investor is deliberately made to earn money initially he is duped to make losses on the same share price when he increases his stakes anticipating the original win. These scammers are interested only in your money. So there is no valid reason to be very hospitable to them. The instant you trace any fraud or a doubtful move you should immediately take your guard and become defensive and stern in protecting your money. Binary trading has become one of the very attractive tools to make money through the financial markets but it is very important for you to be completely aware of all the events and possibilities of action in this trade. For instance these scammers even go to an extent of being registered under a regulator, who eventually turns out to be a fake in itself. Secondly if you suspect any changes in the bank account details you should instantly recognize that the money is not going to the concerned company. The money is parked safely under the broker’s alliances that do not come to the forefront thus pave a very comfortable path for committing a fraud. Moreover usually the scammer’s website is not linked properly. They either do not have their domains registered, to be anonymous and avoid their identity. Thus before dealing with any binary trader, do follow the basic rules of binary trading to avoid falling into any kind of a financial scam.

Binary Broker Scams

Tue, 27 Apr 2010 19:22:33 +0000

United States have succumbed to a new phenomenon in investment and money market – Binary options. These options more popular as digital options are very simple and promise a good return on money invested. They are extremely profitable and command a sound trade and practice in these options to minimize losses and maximize gains. A common man, interested in making money in the financial market may be a bit naïve to master this art of trading so the imperative need of Binary Brokers becomes absolutely essential.

Further these Binary Brokers turn out to be truly advantageous. They do not charge any commission and promise a highest return on a fixed amount of money invested for a short period of time.

There are various Binary Options Brokers who extend their services in this field. Some of them are: AnyOption, EZTrader, Binarix, Tradesmarter, AvFx etc. It is very important to understand them and inquire before dealing with any of them. The reason is obvious. Binary Broker scams are on all time high and require a vigilant approach.

Binary trading is becoming very attractive. As more and more people are getting acquainted with the advantages of binary options they are registering with the Binary Brokers so that they can well leverage the latest trend of the financial market. Actually one of the prime reasons for the rise in Binary options is the fact that the investment is made in a fixed amount of dollars and not in the form of shares. Moreover binary trading is always done on most preferred and well known brand name securities and indices so that the risk level is kept at lowest possible level.

Binary Broker scam is very perceptible. The reviews and opinions of people vary and one would surely be left baffled as to comprehending the reviews and polls over various Brokers offering their services. Binary options are commanding a huge interest for that various sites are suggesting opinions and reviews about the Binary Brokers. Some of them have even come up with highlighting scams which are negated by the profound and contended customers who seem to patronize the very broker. Thus reporting any concrete Binary Broker would be to favour one of the aspects, which may be biased or intentional.

So here it can be just emphasized that it would be best for the trader to be cautious and vigilant before dealing with any broker. It is advisable not to gamble with EZTrader as the speed of loosing money is extremely high. Extensive and thorough research is required before one divulges in it.

Tradesmarter has its own disadvantages in the form of offering a demo feature which is absolutely useless. Moreover it trades in very few securities which do not make it a very reliable broker to deal with. Binarix is the new entrant which more or less uses EZ trader platform and is termed as a white label broker.

Thus Binary Broker scams particularly relate to the shortfalls and deviations that these binary brokers offer through their websites or links. It is very important to conduct a thorough research before contacting or dealing with any one of them.

What are Binary Scams ?

Tue, 27 Apr 2010 19:21:32 +0000

The most recent bug to have hit the trading world is that of binary trading. Seemingly easy to implement and use, the binary options market is luring newer traders to the trading world. What new investors are lured by is the fact that there is almost a 75% return on investment if their price anticipation is correct. So, there is quick money to be made by just anticipating the price movement.

The way binary scams work is by luring inexperienced and naïve traders into investing money through the trading platforms. These platforms are designed such that they provide pointers to investors to invest money in particular assets and stocks at a particular time. If at the time of expiry, the anticipated move is correct even by a single pip, the investor gets nearly 75% on his capital. However if the assumption is wrong and the price falls below the anticipated price, the trader stands to lose either the entire investment or nearly 85% of it, if the broker is generous enough to return 15% of the initial investment.

Effective binary trading requires implementation of certain strategies that are governed by rules of capital management and risk bearing capabilities. The traders that are successful at binary trading are informed and often trade at less than 50% ratio of profitable trade. Their trading is guided by factors such as technical analysis of the market, study of the market trends, ability to bear risks, and small initial investments.

On the other hand, those traders who seek binary trade as a medium of making quick money often land up losing more than they have earned. The basic reason behind this is that innocent investors are lured to believe that there are such systems that can help them make the correct decision regarding their investment. True that such trading platforms do exist that help investors by pointing out what and when to trade. However, such platforms are limited and are mostly overshadowed by scam platforms. Innocent traders in a bid to make money are duped by such binary trading platforms.

The strategy often used by such binary trading platforms is that they let the investors make money initially when they are cautious and are putting in small initial amounts. Once the trust has been established and investors start relying on the system that the real thing comes into play. One wrong call takes away all that had been earned. What still remains is that the investors consider this to be a mere chance happening to them and continue relying on the system, thus paving way for those scamsters to make profits.

One must remember that had binary trading been so simple and easy many more people would have joined the trading arena and the world would have been spared of the recession that it is currently facing. However, since there is no such thing as guarantee existing in this world, the trading platforms and the brokers guaranteeing you returns are nothing but scams. Therefore, if you are adamant on trading binary options, just make sure that you choose a reliable broker and a platform after much research and analysis.

Welcome to BinaryScams.com

Tue, 27 Apr 2010 19:15:36 +0000

Welcome to the most comprehensive and well-researched online guide on binary scams. We are committed to providing you with a detailed description of every financial scam, binary option scam, commodity scam, and forex scam currently in operation through our resourceful articles, and thus, help investors guard their capital against these scams. Thanks to our experience in the trading business of currency and commodity markets of over 30 years, we have been able to establish ourselves as the best informative and insightful guide on all the possible scams and frauds associated with binary options trading.