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FSU

Registered: Jun 2010
Posts: 241

10-03-12 12:38 PM

Quote from TredesRei7:

Hello. If the binary contract is not actually purchasing the option/security, thus the "option" is not really secured/purchased, is it still considered illegal? Also could you provide the link to the SEC. CFTC site that says it's illegal. Thanks so much.

Binary options are not illegal. They are traded on the SPX and the VIX indexes on the CBOE. Volume is light though.

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lili

Registered: Jan 2013
Posts: 3

01-11-13 06:33 PM

I know this thread is really old, but so am I

here's my own personal opinion:
1, Nadex is actually legal, even for US-persons, something that is rarely found in the financial markets.
2, trading on Nadex is actually fun, rewarding, and very easy - especially if you'd have real life prior (profitable) experience in trading the Forex.

Of course, your milage may vary I'm not saying that you need to stop whatever you're doing and jump onto Nadex.

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mm2mm

Registered: May 2012
Posts: 37

01-12-13 04:52 PM

Will be opening an $100 account with them on Monday if it's easy and fast to do so. If they need personal info, screw it.

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Jack_Larkin

Registered: Jun 2011
Posts: 500

01-13-13 05:15 AM

Quote from lili:

[...]trading the Forex.

Anyone else cringe every time they hear or read someone saying 'the' forex instead of just forex?

One trades 'in' the market, not the market.

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lili

Registered: Jan 2013
Posts: 3

01-13-13 10:02 PM

Quote from mm2mm:

Will be opening an $100 account with them on Monday if it's easy and fast to do so. If they need personal info, screw it.

don't bother then, because they will verify your identity - personal info included.

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lili

Registered: Jan 2013
Posts: 3

01-13-13 10:03 PM

Quote from Jack_Larkin:

Anyone else cringe every time they hear or read someone saying 'the' forex instead of just forex?

One trades 'in' the market, not the market.

does it every occur to you, that not everybody considers English their first language - and some things might just get lost in translation ?

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