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Binary options — a yes/no position on a future market condition — can be traded on registered U.S . exchanges Pocket Option App Strategy . But there are many other websites, social media posts, advertisements or online videos that promote unregistered binary options trading platforms . Many times these platforms are operated by offshore companies that are committing fraud . Learn how these frauds work and how to protect yourself.
Is Pocket Option better than forex? Is Pocket Option or World Forex better? Overall we have rated Pocket Option (84%) higher than World Forex (80%), but there are additional factors to take into consideration.
What is the minimum withdrawal from Pocket Option? The minimum amount which you can withdraw from the Pocket Optin is $10. Also, if you draw an amount lower than the Pocket Option withdrawal limit (minimum) number, then you may be charged a fee.
Fraud Advisory
Many online binary option trading platforms operate in violation of the law. Some of these unregistered platforms have refused to credit customer accounts, denied fund reimbursement, committed identity theft, and manipulated their software to generate losing trades for customers.
Conduct a Registration Check
BASIC is a free tool you can use to check the registration status and disciplinary history of a derivatives professional or company Pocket Option Live . Conduct a check before you invest.Take Action
If you have been victimized by an unregistered binary options trading platform, or if you have information about a violation of the Commodity Exchange Act or CFTC regulations, submit your tip here.
Videos
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How does binary options fraud work? How can you recognize and avoid it? And what should you do if you suspect you’re being defrauded? We answer these questions and talk to real investors in the first episode of our series, The Truth Behind Binary Options Fraud.
The Truth Behind Binary Options Fraud, Episode 2: Fraud on a Global Scale
When Nick and Lowell tried to withdraw money from their allegedly insured binary options trading accounts, they hit a wall. Watch their stories to learn the telltale signs of binary options fraud, so you can steer clear.
Articles
Lowell Enlow was a contractor for NASA and later operated several insurance agencies throughout Florida. Nick Morrison is a store manager in Central Illinois. Despite their years of investing and financial experience, both men were victims of a sophisticated online fraud.
It’s perfectly normal for investors to test out new strategies. But be careful. There are seemingly “easy” or “low-cost” or “low-risk” offers popping up online that are actually frauds designed to drain money from investors’ accounts.
Mobile apps make finance more convenient, but some binary option trading apps may be linked to unregistered offshore platforms. Here’s what to watch for.
RED List
Foreign entities that have been identified as acting in a capacity that appears to require registration but are not appropriately registered with the CFTC.