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A binary option is a simplified options contract that looks more like online gambling than a traditional security or investment Pocket Option For Beginners . The binary option contract is based on the investor’s prediction of an underlying security’s value at a predetermined date . There are only two possible outcomes: the investor may receive a fixed amount of money for guessing correctly, or lose the entire investment for guessing incorrectly.
How long does it take to get verified on Pocket Option? Once you upload all the required documents the Pocket Option team will verify all uploaded documents. This process usually takes 3 to 4 business days and they will email you whether your verification is accepted or not.
Is Pocket Option cheating? Pocket Option is not a trusted broker because it is not regulated by a financial authority with strict standards. We would not open an account for ourselves with them. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.
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For example, an investor enters into a binary option contract worth $100 that promises to pay the investor a 95% return if Company ABC’s stock rises from its current trading price of $20 per share to $25 per share by a certain date. If it does, the payout is 195% of the contract’s original value, or a total of $195 ($100 + $95). If it doesn’t, the payout is $0 – a complete loss of the original investment.
Beware of Scams
While some binary options are offered on a registered exchange or a designated contract market subject to SEC and CFTC oversight, the amount of Internet-based trading platforms has surged in recent years Pocket Option Address Verification . Many are these platforms are unregulated or are completely illegal.
Binary option contracts are an attractive strategy for scammers because they target unsophisticated investors with a simple-to understand “investment opportunity” and a perceived low entry cost. The contracts can be executed for hourly, daily or weekly terms. Illegal or fraudulent binary option issuers and platforms have refused to pay out on investors’ contracts; have stolen and sold investors’ personal and financial information, such as bank account and credit card numbers; or have based the platform on software that favors the scammers by generating losing trades for the investor.
Before You Buy
Before considering binary options, check with the following regulators to verify registration:
Financial professional licensing:
Washington State Department of Financial Institutions - 1-877-746-4334 or FINRA’s BrokerCheck.