Pharaoh
Brigadier General
- Messages
- 20,312
Maybe FPA members widely condemn binary options because:
1. So far not 1 defender has ever been able to show how binary brokers can have LPs. Even the UK considers them to be nothing more than online gambling.
2. The CFTC and SEC have warned about fraud in binary options here - https://www.forexpeacearmy.com/comm...ud-advisory-alert-about-binary-options.25577/
3. The huge number of complaints about binary scams here at the FPA.
Overall, I believe closing down all binary brokers really would be a good thing. There may be a tiny handful that operate honestly, but the vast majority seem intent on stealing 100% of client deposits.
1. So far not 1 defender has ever been able to show how binary brokers can have LPs. Even the UK considers them to be nothing more than online gambling.
2. The CFTC and SEC have warned about fraud in binary options here - https://www.forexpeacearmy.com/comm...ud-advisory-alert-about-binary-options.25577/
3. The huge number of complaints about binary scams here at the FPA.
Overall, I believe closing down all binary brokers really would be a good thing. There may be a tiny handful that operate honestly, but the vast majority seem intent on stealing 100% of client deposits.