Are binary options the latest internet scam?

Discussion in 'Options' started by 1a2b3cppp, Jun 14, 2012.

  1. A few years ago all the scammy internet marketers were really pushing automated Forex trading systems hard. Obviously none of these worked, despite claims of "making 5,000% per year" and "professional traders calling us to try and get us to shut down for revealing secrets" (lol).

    Recently I've been seeing binary options pushed pretty hard by similar people. A lot of these "binary options firms" are located off shore.

    I'm sure binary options are a real thing, but it's the way they're being marketed that makes me think they're suspect.

    Cuz they're so "simple" it's basically like gambling.

    Are they aimed at gamblers?

    What's the 411?
  2. TskTsk


    Are binary options a scam? No. Just like forex isn't a scam. It's the brokers that's the problem. Stay far away from unregulated offshore brokers.