The Dirty Little Secret That Many Binary Options Companies Don't Want You To Know
As you know the Binary Options Trading platform has been made easy to understand and is a fairly new concept in the financial marketplace. It has really only been in the last couple of years that it has gained such great appeal and momentum with the trading public. The reason is very simple. You only have to be concerned about whether or not your selection goes up in value or goes down in value, that is all. Even the institutional traders are jumping on board in droves because of the ease and the less stressful way of asset management. If you have ever been apart of the trading arena you know how very careful you have to be. The more the draw down the more you lose, entirely the opposite of Binary Options Trading. That is how and why it is made easy and simple to evaluate.
But with new concepts come a few companies that want to take advantage of the trading public. This is why I am writing this article to let the general public know some interesting and disturbing facts about some of these trading companies located outside of the United States, in particular Cyprus. I recently was signing up at a binary options trading company, located outside of the US, and as I read the fine print at the bottom of their website page (written in #4 font) I got more and more upset at what I was reading. Below is the exact wording that is used by a popular binary options trading company, I have used “Our Options Company” in place of the firms real name, I have also italicized the text to highlight the most disturbing facts:
“Our Options Company” is a revolutionary binary options trading platform that offers a wide range of unique features to make it easier for traders to manage their risk and set the terms of the trade. Traders can trade binary options on stocks, commodities, currency pairs and indices 24 hours a day, 6 days a week. "Our Options Company” provides investors with high returns up to 75 - 85% if the option is in-the-money.The option prices that are listed on our website are the prices in which "Our Options Company” is willing to offer the options. The prices displayed are not the real time prices for underlying assets. Important risk note: Binary options trading involves significant risk. We strongly advise that you read our Terms and Conditions before making any investments. The prices we present on our site are the ones “Our Options Company” is willing to sell options at and are not necessarily the real time market prices."
Did you do a double take like I did? That my binary options trading friends is the biggest scam perpetrated in the financial marketplace. It basically gives this company the right to set any price and at any time it so desires in order for them to take your money. Well isn't that exactly what they have just told you in black and white. Of course it is and that is why I am writing this article in which to help fellow traders to understand that unlike the US many countries are not regulated like we are. So you must do your due diligence on any binary options trading company you are thinking about joining and read all of the requirements carefully. Remember just by reading the fine print under Terms and Conditions could save you your entire investment. Also be sure to read all the terms because many companies try to confuse you with high profile legal terms and pages of disclaimers so good luck.
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