binary book got 99 million dollar from clients and gave less than 20 million back. where are the other millions of dollars? where did it go?[/QUOTE said:
Where did it go? It got ate up!
Read the disclaimers on these brokerages. IQ Option for instance - on their website footer - clearly states that up to 89% of their traders LOSE MONEY.
The illegal nature of brands like these though is when they stop processing withdrawals, use manipulative software platforms, etc.
But even if they are running a 100% "transparent" binary/CFD/leveraged whatever trading product brand - the end client is still 90% likely to lose money.
You are simply playing a casino game where the odds are heavily stacked against you. You might win for awhile, but eventually you will lose.
Forex is a legitimate market if traded with minimal leverage, these type of Binary/CFD shops are pure gambling.
Even stock trading brokerages have more losing clients than winning clients. With these type of providers it's not even a close proportion of winners to losers.