quicksilver
Private, 1st Class
- Messages
- 78
With the exception of NADEX, most of the so called 'brokers' in binary options are white labels of spotoption/tradologic and the likes. If you look closely, some of them actually claim that binary options is a great addition to online casinos/poker claiming higher customer retention rates and so on. Also because online gambling is highly restricted now in most parts of the world, binary options makes an alternative entry point into the markets.
They don't offer demo accounts as Pharaoh mentioned and this is tricky, especially for beginners.
I personally don't see binary options as gambling (unless i'm just taking a wild guess). With a good 15M, MT4 chart + indicators it should be possible to take the right position (although I never tried it myself). I used to trade with a binary options broker 3 years ago. I can say that its addictive. Within the hour, I spent like $400 - $500 and few days later went back to blow up another $150.
Bonuses: Most of them offer enticing bonuses, 100% bonus and the like, but the requirements are so high that unless you deposit $1000 with $10 investment/trade it is highly unlikely that you will meet the 'churning requirements' Also hidden in fine print with most of these brokers is that once you get a bonus, if you cancel it, you cannot withdraw your initial deposit until you meet the 'churning' requirements, which is quite a pain.
Lastly, I came across this URL, warning from Austrian FMA regarding some companies behind the binary options brands.
End of the day, I don't think binary options can be viewed as an 'investment' but rather an alternative way to have fun in the so called 'markets'
They don't offer demo accounts as Pharaoh mentioned and this is tricky, especially for beginners.
I personally don't see binary options as gambling (unless i'm just taking a wild guess). With a good 15M, MT4 chart + indicators it should be possible to take the right position (although I never tried it myself). I used to trade with a binary options broker 3 years ago. I can say that its addictive. Within the hour, I spent like $400 - $500 and few days later went back to blow up another $150.
Bonuses: Most of them offer enticing bonuses, 100% bonus and the like, but the requirements are so high that unless you deposit $1000 with $10 investment/trade it is highly unlikely that you will meet the 'churning requirements' Also hidden in fine print with most of these brokers is that once you get a bonus, if you cancel it, you cannot withdraw your initial deposit until you meet the 'churning' requirements, which is quite a pain.
Lastly, I came across this URL, warning from Austrian FMA regarding some companies behind the binary options brands.
End of the day, I don't think binary options can be viewed as an 'investment' but rather an alternative way to have fun in the so called 'markets'