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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 Tradingview . Why binary options turn out to be a scam?

Why is binary trading illegal? Regulation and fraud. Many binary option "brokers" have been exposed as fraudulent operations. In those cases, there is no real brokerage; the customer is betting against the broker, who is acting as a bucket shop. Manipulation of price data to cause customers to lose is common.

Is pocket money real or fake ? The Pocket Money app is indeed real and not fake Pocket Option Withdrawal In Pakistan . It is a legitimate mobile application that helps users track their expenses , set budgets , and manage their finances . The app has been featured in various reputable publications and has received positive reviews from users .

Is Pocket Option Withdrawal legit? The PocketOption is a legit platform and may be convenient and easy to use, although it has several disadvantages that make it less favorable compared to other trading platforms.

Is a Pocket subscription worth it ? Pocket Premium gives you a beautiful, ad-free space to absorb stories at your own pace—and keep them for however long you'd like Pocket Option Mt5 Trading . You can capture ideas with unlimited highlighting, find exactly what you're looking for with Full-Text Search, quickly organize with Suggested Tags, and so much more.

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 . When the binary option expires, the option holder receives either a pre-determined amount of cash or nothing at all Pocket Option Explained . 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