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Binary options were once popular as traders know the potential profit even before opening trading positions . Many platforms and brokers claim that through binary options, they promised a huge return and a high ROI . This false advertising has caused significant losses among investors while the big bosses behind the scams remain unpunished Pocket Option Vs Quotex Bangla . Why binary options turn out to be a scam?

How many people use PocketApp? It serves its 20 million registered users — who have saved over 2 billion articles and videos for later — with a team of just 20 employees. At the center of this supernatural ability and efficiency is founder and CEO Nate Weiner.

How do I get started with Pocket Option Pocket Option Account Create 2024 ? Navigate to your Profile to enter all the personal and address information and upload ID document and address proof documents . Your account will be reviewed and confirmed once everything is provided correctly, unlocking you all the features Pocket Option platform has to offer!

Is Pocket Option app real or fake? Pocket Option has a mixed reputation. While it has a large user base and positive reviews from some traders, there have also been reports of withdrawal delays, account freezes, and issues with customer support. Some traders have also expressed concerns about the platform's legitimacy and potential scams.

Which country is Pocket Option from ? Where is Pocket Option 's headquarters ? Pocket Option is located in Majuro, NA - Marshall Islands, Marshall Islands . Who are Pocket Option 's competitors Pocket Option Mobile ? Alternatives and possible competitors to Pocket Option may include The Funded Trader , TMGM , and Tradeo .

According to CFTC, a binary option is a type of options contract in which the payout depends entirely on the outcome of a yes/no proposition and typically relates to whether the price of a particular asset will rise above or fall below a specified amount. Once the option is acquired, there is no further decision for the holder to make regarding the exercise of the binary option because binary options exercise automatically.

Unlike other types of options, a binary option does not give the holder the right to buy or sell the specified asset Pocket Option Google Authenticator . When the binary option expires, the option holder receives either a pre-determined amount of cash or nothing at all . Unlike traditional instruments like forex, stocks, or futures, it does not require a trader to consider the range of a rise or fall.

For example, if a trader bets EUR/USD will rise in an hour with an investment of USD 100, then he or she will get 70% return (USD 70) if the price goes as expected or lose USD 85 if the price goes the opposite way.

With a simple trading logic similar to gambling, binary options are often taken advantage by scammers. Read More Here