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Binary options were once popular as traders know the potential profit even before opening trading positions Pocket Option Advertisement . 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 . Why binary options turn out to be a scam?

What documents are needed for Pocket Option address verification? Acceptable documents include bank statements, address certificates, or utility bills not older than three months. Ensure the uploaded documents are clear, colored, and unedited. Bank card verification. If you intend to withdraw funds using a card, Pocket Option will request card verification.

Has anyone become rich from binary trading ? While it's true that binary options trading can offer significant profit opportunities, it's far from a guaranteed way to get rich quickly Pocket Option Uk . Like any form of trading, success in binary options requires knowledge, patience, and a well-thought-out strategy.

How to transfer money from Pocket Option to bank account?

What is the highest paying game app Pocket Option Candlestick Patterns ?

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 Ao Vivo Agora . 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