Reader Comments

Investor Alert: Binary Options and Fraud |

by Kazuko Billington (2022-02-10)


This type of technology, is standalone at this point in the binary options market. Inside the application, traders will choose their strategy, the broker their trading with, binary option strategies and then they will start to receive signals. You can use the alerts from the webpage, or you can download the application which gives you signal suggestions right next to the brokerage trade screen.

On the other hand, the broker improves the service in fast-growing regions for Binary Options. Expert Option is an international broker but the company does not provide its service in every country. There are some forbidden countries.

In this case, despite being in business for close to a year, there are no trading results . I appreciate that there is a forum section on the website that allows traders to voice their opinions and get help from the creators, but this doesn’t make up for the lack of results and strategic discussion.

Not only do we have no clue what type of accuracy rate the vfxAlert signals are providing, but we also don’t know what is a binary option type of trading principles are being utilized to determine the signals. I don’t always want to harp on this one issue, but when there are other providers in this market willing to show their daily trading results, it’s difficult to sign up with the less transparent product.

To see the most recent list of exchanges that are designated as contract markets, check the CFTC website. There currently are only three designated contract markets offering binary options in the U.S.: Cantor Exchange LP; Chicago Mercantile Exchange, Inc.; and the North American Derivatives Exchange, Inc. All other entities offering binary options that are commodity options transactions are doing so illegally.

We request you to follow this security measures at all times and without fail. Address Proof – In order to assess whether the trader has a same address of resident as indicated while registering on the website, they request for the latest utility bill, latest tax bill, bank statement, or credit card statement. Credit or Debit card – In case you want to withdraw funds to your credit or debit card, then you must send a copy of back and the front side of the credit card. SWIFT Code – For withdrawal direct to your bank accounts, you are required to submit the SWIFT Code confirmation from the respective bank. Identity Proof – To validate the identity of the individual who is enrolling on the brokerage site, they require a copy of either the passport, driving license, binary option trading or the national ID. For security purpose, you are allowed to black out the center 8 digits of the credit card number on the front, and CVV number at the back side of the credit card.

Plus, there is always a fee that the banks are taking in order to complete the transaction successfully and on time. This payment method of binary options trading is maybe the oldest one and the most common. It is a payment method that can be done between two different banks in one or three days. A debit and credit card. If you want to do a deposit money through this payment method, all you need to provide are IBAN, the SWIFT code, and a name of the account holder. A debit card is given by the bank with the name of the bank account holder and a unique number only for that specific holder. It is the same with the credit card, but the only difference is that withdrawal process can be successful instantly from the moment of sending the payment and it is immediately visible on the debit card. On the other hand, banks are searching for a monthly fee for the credit cards that should be paid on a specific date once a month. In the past years, debit and binary option strategies credit cards have become one of the most used methods for what is a binary option making an online transaction. E-Wallet payment method. This virtual account seems to be one of the most reliable and quick online payment methods in the 21 st Century. Also, it can be used anywhere in the world. Having a debit card will provide you better opportunities to transfer your payment from binary options trading. It is easy and fast to use and it can transfer the payment without any additional problems. If you want to use the e-wallet payment method, all you have to do is to register with your information on the online platform. People trust in e-wallet because the information from their original debit and credit card are never shared with anyone and they are saved and protected from any identity frauds. The registration process of an e-wallet service is pretty simple and a fast process to do. There are several popular credit cards that you should know such as Visa, MasterCard, American Express and more. Besides binary options trading, this payment method is also used for online shopping around the world. These are providers which do not charge any fee per transaction. For some binary options traders, this is a slow transfer process and it is not acceptable if you rush with the payment. It is an online payment service for customers from all over the world. But, there are some providers which are charging a low fee such as $10 or even lower. These personal data are also protected just like the ones with credit and debit card information. This is still acceptable for many binary options traders because e-wallet is a trustworthy way to do a payment transaction of the work that has been done on the financial market. All you have to do is to provide basic information such as your full name, address, and date of birth. Some of the popular e-wallet service providers are Skrill, PayPal, Neteller and others.