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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 Pocket Option With Ai . 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?
Is Pocket com legit? Since being acquired in 2017, Pocket is part of the family of products made by Mozilla, the nonprofit-backed tech company building responsible technology that prioritizes people over profits, so internet safety and security are top of mind for our customers.
What is trading turnover in pocket options? Trading turnover is the sum of profitability of all trades made since the crediting of the bonus. The amount of trading turnover depends on the size of the bonus. You can use this formula to calculate the required trading turnover: The amount of the bonus multiplied by the leverage factor.
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 Broker Promo Code . 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