prefamous

has anyone here tried binary options? I just wanted to know if this is legit. I have searching google finding conflicting stories about withdraw problems. any
one have any personal experience with any binary options trading account.

Ken_Caudill

Yes and no.

Emaloy97

Are you ready to lose everything you own? Then binary options is for you!

But seriously, binary options is nothing more than glorified gambling.

Unless you have extra money you are prepared to lose, DONT DO IT.

Please please please do not think of binary options as your main income.

prefamous

I know I can lose money, thats not what I asked. what I am really asking is will they pay out if I dominate. I am experienced trader so I can predict these movement pretty accurately. Seems to me that a someone with a lucky streak can send these people into bankruptcy.

adedoyin

what is yes and no

dkla27

On the broker side it's pretty much like forex.
Some brokers are more reliable than others and you have to do your research.
As for your concern that a successful customer can send them into bankruptcy don't worry as there are lots of things they will do to avoid that. From legitimate (hedging the positions) to pure scam (false quotes, requotes, cancelled orders,...). They may even terminate your account without a valid reason.

prefamous

I don't mind them protecting themselves thats fine, I just want to make sure it don't involve any scam tactics like the ones mentions or any others that I can't think of. I am posting here because I was kinda hoping someone here actually tried it and can refer to an honest binary options broker. but I am looking for someone with first hand and knowledge. google searches are unrealible considering they have affiliate programs

myob

If yes, on AND off >> if no, off NOT on:: yes and no = on and off.

Emaloy97

Dominate? I doubt it. Thats a pretty big "if". If this was super profitable and easy then everyone would be doing it.

quantumtiger

I looked into it around Mach this year,

One of the things I found was there can be
many hoops to jump through, when it came time
to withdrawing your money..

It seemed it was very easy to deposit money and
trade/bet..

But when it came time to get your money back they
were asking for a lot of personal info to be faxed through
to a number..

So I recommend checking that side of things out before
putting any money in..

prefamous

everyone would be doing it? Not true people get rich in real estate, in the stock market. not everybody does it becuase of the risk factor. To many people wanting handouts & garrantess nowadays. I am very well verse in chart analysis, accounting, and the stock market and forex in general.

TheRealDudeman

I love all the people with zero experience giving their opinion on the thread...makes me all warm and fuzzy inside.

To the OP: Do your homework and learn the whole process. If you sign up a broker will contact you about your account and policies and such. They'll even answer any questions you have. Ask and you shall receive. Simple.

Personally, I use Banc De Binary and even promote it. It works well for me (average 34% ROI)

BUT! Pay attention...I'm telling you to do your homework. If you research and get the facts then you won't get taken advantage of. Street smarts apply online. Common sense, right?

prefamous

are You satisfied with banc de binary? have you made withdraws without hassle?

TheRealDudeman

My word will probably be taken with a spoonful of salt since I have admitted that I promote it.

I'd advise you to contact them and find out for yourself. You should even if I tell you. Best of luck. It's much like any other trading platform, with a few benefits.

PS. The answer is yes, but go to the "horse's mouth". I care not if you do it thru my link or not too.

StevenM

I have used Banc De Binary and did not have any problem withdrawing my funds from them, apart from providing normal due diligence such as scanned copies with proof of address and ID etc. It wasn't a lot of money, (probably a couple of grand at most), and I lost more trades than I should so I ended up withdrawing less than I had deposited. I think BBinary are one of the more reputable brokers, and there aren't a lot of those around...IG Index is another one I would trust but their binary options work slightly differently.

Although Banc De Binary say that they cover all their trades I am not sure this is 100% true... I suspect that most binary option brokers take positions against their customers and will limit you if you are too successful, but we are probably talking at least making six figures in a short time frame before that would happen with BBinary, (just a guess though).

One pitfall you should be aware of are the bonuses, stay away from them unless you are 100% sure that you will be successful! If you take the bonus on deposit they will tie you in to A LOT of trades before you can withdraw the funds...and by that time you might have found a better broker, or lost all your money!

You say you are an experienced trader. That is really a requirement if you are to be successful with Binary options. There are only some situations where it makes sense to use binary options over other types of trading such as normal options or spread betting.

I can't remember exactly since it was a while since I played around with this but you will need something like a 55%-60% success rate in your trades just to break even... If you are not able to do that with paper trading, forget about binary options.

It is not as easy as it looks.

tommmi

i have make $29000 from binary option,i started with $5000 .i have withdraw $8000.skype me tommmi88 if you need help

julian76

hey prefamous,
Don't think of the broker as a company that keeps all your money. They are a broker. They will not go broke if you lost the trade. They will in fact will make money. It is up to your skill in picking the right market direction whether you win or lose. It is all in your attitude. This broker is licensed in the US, there is no problem withdrawing money. I actually feel more secure having to provide lots of personal info to withdraw.

I believe making money with binary options will be easy. I am a forex trader and I just joined binary options, I think this is a much smarter way to trade. It takes many complications out of trading. You just need a good strategy. For me, I'm going to use the 1/2 hour options and do analysis on 5 minute charts - Here is a great Youtube video showing an excellent winning strategy, follow this and you'll be right:
youtube.com/watch?v=oXS0h2vbPc0&feature=related

eeeasyas12345

If you think you can do well then go ahead try it, I thought I was pretty good myself at trading, as a matter of fact I did very well the first 2 days I more than doubled my money, just to lose everything the third night.

Now the other thing is it was very easy to deposit money, just give a credit card info and you are good to go, but if you try to withdraw money from your account, you have to give up a lot of personal information just to get the money credited back to your credit card not to get a check or to get a deposit to your bank. That is one of the reasons I lost the money back, believe me those people know what they are doing, and I am sure you noticed that if you lose the bid you lose everything but if you win you win 65 to 85% of the bid which means they will make money from you whether you win or lose. I hope this will be helpful and good luck to you.

One more thing, be careful of the people that encourage you to do this, as a lot of them are affiliates that will get a cut from the sites if they refer you.

Tony Humble

I have always thought of binary options as essentially gambling, and there's loads of untrustworthy sites that are just created by con artists.

BrandonGentry

I tried tradersroom and I found that you could deposit the money a lot quicker than you could withdrawl. It took 7 days to process, but you could deposit money within seconds. I would say you really have to investigate who your brokers are and be smart about it. If it doesn't feel right, get out or don't go with that broker.

julian76

Tony,

Binary options is buying the right to buy or sell an asset by a predetermined length of time if a certain outcome is reached, hence the ability to leverage your investment. You can analyse the charts, look at trade volumes and trend lines and decide what is happening with an asset to decide how to trade. This is not gambling. Gambling does not involve trading assets, it is merely taking a punt on things. If you perceive it as gambling then you should not be involved, go to LasVegas.


Of course you can deposit money quicker, you can pay by credit card which is instant, like you do with anything else on the internet. They can't pay you back to your credit card, they can only pay by bank wire which is slow. But then if you're making 70-80% on your trades, why should you worry about it taking 7 days to get your money out.

markcr

Avoid the hype, talk to real traders not marketers. As always there's the hyped up version and the real world of the business of it.

Mark72

Interesting thread. Was looking at these myself.

I think the best advice is to do lots of research before picking a broker and give it a try, but accept that you could lose your money in the process.

Ideally you need a system to stick to and take things slow as you learn. It's people who get stupid and greedy that end up in mountains of debt with this sort of thing.

But in the end it's nothing ventured, nothing gained.

markcr

Remember Forex in 2002-2008 was supposed to be the new way for everyone to get rich. But all those so called "traders" were simply taking huge bets. They had no idea how to trade at all.

This sounds familiar. There's no free lunch

markcr

God bless the retail trader.

moneymakerway

This is true! When it comes to withdraw they indeed demand your personal info like photocopy of your passport etc.
If you're not sure which broker site is reliable, try researching on google or youtube.
Search term can be - "your broker company" review
or "your broker company" payment proofs.
If you can't find a lot of results repeat this process with another broker company.
Good luck with trading!

sarlat

If you can predict movements accurately then you should be using spread betting in the UK if you can through IG index.

MsBossE

Hi TheRealDudeman,

I was checking out your post on the Binary options thread. I see that you use Banc De Binary. I am very interested in using them, but I have seen many bad reviews. There are complaints against them with the SEC, plus they are on the PAUSE list at SEC.gov!

I really need honest, straight forward advice on whether this company is legit. I also read that they do not actually have an office in Trump Tower, just a P.O. box there. Scary!
Thanks in advance,
Erica

P.S. Niiiice Pic!

kwamster

Are you still investing in binary options?

And is it at easy to make money with binary options as people make out to be?

Networking_now

What do you mean by binary options?

I don't follow, explain it please.

SJJPFTW

Stay away from them mate. Its just glorified gambling.

tommmi

I put my comment on my binary code,please check it. why is there two topic of same nature strange

tommmi

[QUOTE=julian76;6952891]hey prefamous,
Don't think of the broker as a company that keeps all your money. They are a broker. They will not go broke if you lost the trade. They will in fact will make money. It is up to your skill in picking the right market direction whether you win or lose. It is all in your attitude. This broker is licensed in the US, there is no problem withdrawing money. I actually feel more secure having to provide lots of personal info to withdraw.

I believe making money with binary options will be easy. I am a forex trader and I just joined binary options, I think this is a much smarter way to trade. It takes many complications out of trading. You just need a good strategy. For me, I'm going to use the 1/2 hour options and do analysis on 5 minute charts - Here is a great Youtube video showing an excellent winning strategy, follow this and you'll be right:
youtube.com/watch?v=oXS0h2vbPc0&feature=related[/QUOTE

you are right, you are a trader comfirm

tommmi

it never easy to make money.especially just using binary code

RobHiness

There are definitely some things you need to consider and be fully aware of before dabbling into Binary Options.

First of all! There seems to be a craze of the "make money online" crowd coming across Binary Options as a safe and simple way to create an income from home. This is definitely false.

At first Binary Options seem very innocent and easy to do. Because the brokers make it look so easy. The truth of the matter is: Binary Options is nothing different from Investing in the global stock markets. Its far more than thinking its going to go up or down. Binary options require skill in financial research, technical analysis, fundamental analysis and many more variables.

I don't agree with how Binary Options make their money either. Brokers get paid when you win and even when you lose. They're only goal is to get as many deposits as possible. Because at the end of the day, they are a bank with a physical office ON WALL STREET. They're the only Binary options platform that has an office on Wall Street! Look It up!

I have experience with trading binary options with a broker named James Wharton over at Banc De Binary. I joined the "Personal Broker Account" which requires a minimum deposit of $2,500 but the brokers push you into depositing more. They tell you that you WILL make money. No they don't guarantee that you will make money because in that industry its basically illegal to make a guarantee. They also tell you before depositing that you will have access to the broker 24/7 via phone or Skype. This is half true! You will get access to their Skype, but rarely will you get to speak with them on the phone. Especially when you lose money, that's when they like to really crawl back into their holes!

Just to make sure you get the picture, once my broker James Wharton told me before I deposited $15,000 that I would make plenty of money and we would take the account very serious and apply great money management. The day I deposited he turned around and told me that we would take my account "more seriously if I deposited $50,000+". After losing $xx,xxx I told him he that while he was stabbing me in the back he could kiss my ass too.

Anyways. I'm just preaching about 15% of my pathetic experience with Binary Options. I'm not going to waste any more of your time on how unseccessful I was.

However, I will tell you that I do have close friends who make $100,000 + profit per day or every couple of days on the Banc De Binary platform. So It could have just been bad luck for me!

Final Note! If you are looking to generate extra income, unless you have $10,000+ then binary options are not for you. Remember as previously mentioned its Investing In the stock market! Not a "make money online" opportunity. If you are going to try binary options, I would make sure you go with Banc De Binary because at the end of the day, despite my experience, I can say that they have the best Customer Support and platform to offer you as a trader!

Just my opinion!
Hope it helped

Prosperous Regards,
Rob

nelsonbiglar

Can I ask what online system (website) your using? I'm looking at getting into this soon...

tommmi

those of you on skype should have make money
[13/09/2012 00:45] hi apple stock flying because iphone 5 launching in 1hours prepare for binary stock end day by broker


[13/09/2012 08:45] [13/09/2012 08:33] won big time

davisbrands

Longtime Warrior Member here.. i have invested in a binary platform and would love to work with any traders or affiliates who are looking for a safe and secure place to do business. I will guarantee all payouts personally. 24-48 hour withdrawals on trading accounts and weekly payouts for affiliates via moneygram, western union or paypal.

PM me with any interest.

jonj31070

From what I understand, Nadex is a good platform to trade Binaries with in the U.S. Being based in the U.S. gives the customer the best protection from fraud. Outside of the U.S., I am not so sure.

Vadimarket

I've tried them. Poor experience. I've tried Trade Rush and Banc De binary. Their main goal is to make you deposit as much as possible, and then if you actually make any money with them, give you 1000 reasons not to let you withdraw your money.

Most of the positive reviews you see are actually from affiliates.

Personally I've only lost 200$ with them (might seem like a lot, but that's the minimum deposit). I raised that amount to 3.000 and they refused to let me withdraw any money. They said that I was cheating the system, and all I was doing was looking at BBC stocks to predict the currency rate.

All of them are located in some third world countries. For example, Banc de binary claim to be located in New York City, but if you actually check their NY address you'll find out that they're nowhere to be found! They're actually located in Israel. So if they lie to you about their location from the beginning, how can you possibly do any business with them?

Word of advice, stay away....

Robert Montgomery

I use binary options now and then they can be fun and you can make quick money as well as lose it just as quickly but I have had an overall good experience and made money from them although not much I prefer the more traditional forex trading I can make much more money from it.

kaizense

prefamous, as you are an experienced trader, why would you prefer binary options over the other instruments? If it's leverage there are all the others such as futures, options, spot. Just wondering out loud as it'd be easier to do DD on a stronger brokerage in those cases.

TrafficBot

Julian76: Thanks for the link to the video. The strategy discussed in the video sounds straightforward and simple

davisbrands

Lots of bad info here, we have never not paid someone within 48 hours provided they sent in the requisite documents.

Vadimarket

davisbrands

I'm just telling you how it is friend, from my personal experience. I have no reason to make these things up.

And who are "we" exactly I wonder?

davisbrands

optionmint.com

agmccall

You can get some decent information at binaryoptionsdaily.com they also have a forum so you can get alot of your questions answered.

kia123guy

I personally trade Binary Options. I enjoy it a lot and even do quite well at it. I agree with someone post also that you need to do your homework and treat this as a business. Give it a try for yourself.

tommmi

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jacksprat1

I like binary options and I believe they can be a part of a diversified portfolio. I would recommend, however, that anyone with US citizenship stay far away from any binary broker located overseas. It has been stated on this thread, they are not regulated, and if you ever have a claim regarding your money, you won't be able to collect. You do not have any recourse without the US government or legal system backing you up.