Thoughts on Binary Options

There are hot news about binary option in Indonesian country, some affiliate binary option was arrested and investigated because this is illegal and pure make a bet, indeed affiliate binary option most of them as crazy rich like many people said, often show luxury in social media, drive a sports car, etc, but almost binary options broker only bucket shop broker, trader loss will profit fro broker,
 
Neither do i trust but only looking at forex trading which in my opinion can be a good pick in the long run. Binary and other trading opportunities still in their in fancy and may take time to mature till then the traders keep on losing money in my opinion.
 
Most binary option is unregulated, I think many from these company work as bucked shop broker where when trader lose money the broker get the money, but when the trader wins the money, they take some portion for them, it is different with ECN broker that works as a bridge between trader to the interbank market.
 
Binary options are illegal in many countries for two very good reasons. First, the vast majority of binary brokers are nothing but deposit-only scams. Second, binary options is a simple up/down bet. It's like betting red or black at roulette, except that the payouts are much worse than any licensed casino.At a casino's roulette table, you are not betting against other players. You are betting against the house. At a binary broker, there is no outside liquidity provider. Your wins come out of the broker's pocket and your losses go into the broker's pocket. This give those few binary brokers that aren't deposit-only a strong motivation to find ways to claim that successful trades were somehow cheating.

If you want to gamble, go to a licensed casino. The payouts are better and if you win, you know you can cash out your chips without any problems. If you want to trade or invest, avoid binary options.

Great explanation. I always knew they were dodgy af, but now I know why
 
Never seen anyone say anything positive about binary options only from bogus accounts .
If there's no outside liquidity provider than essentially they are a casino so the game is rigged in their favour
 
A year ago in my inbox often get an offer trading binary in a certain broker that had a campaign big bonus to start, but always I ignore it and never joined these brokers, I had already chosen my broker and never bet on the binary option.
 
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