+- Twitist Forums (http://twitist.com)
+-- Forum: General Social Media & Marketing Forums (/forum-8.html)
+--- Forum: SEO Search Engine Optimization (/forum-30.html)
+--- Thread: Are binary options worth it? and how to avoid a scam? (/thread-139978.html)
Are binary options worth it? and how to avoid a scam? - Brandon - 04-15-2014 09:44 AM
any help about them would be appreciated.
- Tony - 04-15-2014 10:00 AM
dont trust binary options!! ive joined them 3 months ago and i put 200 in their
made 450 never got my money out!!! are you effin kidding me! dont trust them they are really freaking scetchy it took my friend over 7 months to withdrawl his money...
any way if you want to really earn money online check out the link in the source
this thing is making me tons a month and my team members
- Jerry - 04-15-2014 10:15 AM
You can't avoid scams because they are all scams.
It is not investing, just betting at terrible odds. The only ones making money are the thieves running the sites.
The odds are totally stacked against you. Earlier someone asked about a firm paying 70% on winners. Here's how the math works in that example.
Win: 70%
Lose: 100%
Expected value of each trade: (70 - 100 ) / 2 = -15%
A legit options broker would be registered on appropriate government sites. None of the widely promoted sites are regulated. Many are in obscure countries with no customer protection.
US: Check CFTC and SEC sites
UK: See FSA site
The CFTC link below about investing risks applies to both forex and binary options.