More Proof That Banning Binary Options Doesn’t Work

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

More Proof That Banning Binary Options Doesn’t Work

The Regulators Keep Fighting But The Scams Don’t Stop

Binary options regulators keep fighting fraud but the scams just don’t stop popping up. To emphasize this point the Belgian regulator FSMA revealed some data that shows just how pervasive fraud, not just binary options fraud, can be. Their data shows the number of complaints rose by 13% in Belgium for all of 2020. Surprisingly, the data also shows that banning binary options doesn’t work. The regulator says that since their ban went into place the number of complaints against binary options scams has gone up, not down.

The regulator revealed that it had received a total of 1,710 calls last year and of those nearly 800 involved some form of scam. Topping the list are pyramid schemes at 169 followed by binary options at 164 calls and boiler room scams at 112. Surprisingly, there were only 33 calls related to cryptocurrency but that is likely to change in 2020. Cryptocurrency has become a new focus of financial scammers.

CONSOB Issues New Warnings

Italy’s financial watchdog, CONSOB, has issued a new round of warnings. Unsurprisingly, many of the names on the list have been warned by other EU nations in the past. Firms on the new list include iForex24.com, Toroptions (operated by SmartChoice LTD) and Tradex1.com, none of which have authorization to operated brokerages or offer financial services within Italy.

CONSOB has also suspended all advertising for a company by the name of Five Winds Asset Managment. The suspension is for 90 days and will be lifted if the company can comply to regulatory requirements. The suspension was put into place because the company was offering services in and/or to Italians without the proper regulation or licensing.

ASIC Bans Managed Account Scammers

Australia’s ASIC has banned for life two operators of a binary options managed account scam. The scam involved Jana Jaros and Jackson Lawrence Malcom Capper who were both convicted of the fraud. The two set up managed accounts with binary options brokers using fake names and then defrauded clients of their money. To make matters worse they reinvested early gains into staff and offices from which they launched new frauds.

The two claimed experienced traders would manage accounts for clients after selling them a service that cost upwards of $3,000. Charges resulted in convictions on at least two charges, financial fraud and lodging false information, both of which carry jail time. Full term for both charges is up to 7 years and $76,000 in penalties.

Trading Volume In Japan Surges

New data reveals that binary options trading volume has surged in Japan. The Financial Futures Association of Japan says trading volume surged nearly 30% in the month of January and is up more than 10% from the prior year. The data shows, that while the market is still a bit shaky, that public perception of the financial product is improving.

More Proof That Banning Binary Options Doesn’t Work

The Regulators Keep Fighting But The Scams Don’t Stop

Binary options regulators keep fighting fraud but the scams just don’t stop popping up. To emphasize this point the Belgian regulator FSMA revealed some data that shows just how pervasive fraud, not just binary options fraud, can be. Their data shows the number of complaints rose by 13% in Belgium for all of 2020. Surprisingly, the data also shows that banning binary options doesn’t work. The regulator says that since their ban went into place the number of complaints against binary options scams has gone up, not down.

The regulator revealed that it had received a total of 1,710 calls last year and of those nearly 800 involved some form of scam. Topping the list are pyramid schemes at 169 followed by binary options at 164 calls and boiler room scams at 112. Surprisingly, there were only 33 calls related to cryptocurrency but that is likely to change in 2020. Cryptocurrency has become a new focus of financial scammers.

CONSOB Issues New Warnings

Italy’s financial watchdog, CONSOB, has issued a new round of warnings. Unsurprisingly, many of the names on the list have been warned by other EU nations in the past. Firms on the new list include iForex24.com, Toroptions (operated by SmartChoice LTD) and Tradex1.com, none of which have authorization to operated brokerages or offer financial services within Italy.

CONSOB has also suspended all advertising for a company by the name of Five Winds Asset Managment. The suspension is for 90 days and will be lifted if the company can comply to regulatory requirements. The suspension was put into place because the company was offering services in and/or to Italians without the proper regulation or licensing.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

ASIC Bans Managed Account Scammers

Australia’s ASIC has banned for life two operators of a binary options managed account scam. The scam involved Jana Jaros and Jackson Lawrence Malcom Capper who were both convicted of the fraud. The two set up managed accounts with binary options brokers using fake names and then defrauded clients of their money. To make matters worse they reinvested early gains into staff and offices from which they launched new frauds.

The two claimed experienced traders would manage accounts for clients after selling them a service that cost upwards of $3,000. Charges resulted in convictions on at least two charges, financial fraud and lodging false information, both of which carry jail time. Full term for both charges is up to 7 years and $76,000 in penalties.

Trading Volume In Japan Surges

New data reveals that binary options trading volume has surged in Japan. The Financial Futures Association of Japan says trading volume surged nearly 30% in the month of January and is up more than 10% from the prior year. The data shows, that while the market is still a bit shaky, that public perception of the financial product is improving.

Invest Using Trade Binary Options

Trade Binary Options is an agreement where the trader pays for the right to obtain a predetermined return in case the outlay of the principal asset ends up greater than or lower than the targeted price.

It usually is a short term investment but yields high profits for beginners and experts in trading. It is an efficient way to invest for traders who have limited budget can still have a fixed return at around 60 to 85 percent.

Since binary option is getting more popular, lots of sites are coming out and introducing their binary options registration promotions. If you are one of those interested better read the following suggestions. The trading broker may need some of these guidelines to gain more profit in the financial market. Here is some of it.

Remember that there are two kinds of binary options, the American option and the European option. The most commonly used is usually the European style.

The European option is done only at the expiration date while the American option is done any time from the purchasing date including the expiration. Frequent monitoring of the trading activity is a must. This will give you the right timing on when you will grab the binary options contract. Expect to take hold of the pricing discrepancy when it moves higher.

The status should also be looked upon. The in money and the out money are monitored to see what the precedent prices are. This is to ensure positive positions against profit loss.

An advantage of having a trade binary choice is you do not have to ask for a second opinion to a trader expert. This is due to an existing prediction has only one direction meaning, when you click on call option; it will predict on whatever the call is. It is also the same as when you will have a put option. It also has no long term expiration. As I have said earlier, it is a short term trading business. It trades on hourly and daily basis only. So you will easily determine your profits and loss.

The good thing about this instrument is there are marketable sites or companies that give out bonuses. For example, your investment is $ 1000 and you invested it to a reputable site or company. The site will then give a $ 100 incentive when you join them.

Remember the term “binary”. It means two and you only have two options and there is no other to choose from. So the risk is lower. The trader must have the determination and the confidence. As a trader, understanding the terminologies and interpretations must also be done.

As an investment instrument, it may also be a good solution for people who are still looking for a job. As long as they are determined and study the properties and the basics of trading, they can also gain profit by entering this kind of business and acquiring a binary option.

These are some of the tips for binary options trading. If you want to move to a higher standard of trading, be sure to practice the basics and level up to gain more profit in the future.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options: How To Start Trading
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: