How binary options fraud works

07 Oct 2016 7:13 PM | David Clark (Administrator)

Whilst marketed to the public as investments Binary Options are essentially bets on whether certain prices within financial markets will rise or fall.

There are only two options with this type of investment, "cash or nothing" : guess correctly and win, or guess incorrectly and lose all the money you invested.

 Binary Options are not regulated as an investment in the UK at present, which might be one of the reasons why criminals are increasingly using the guise of Binary Option Traders to defraud people. These fraudsters often use social networking sites and apps to lure potential victims with the promise of guaranteed returns on their investments.

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