by jokylu
24 replies
Has anyone had experience with Binary Options and or know if they are reputable and honest. I have had a very negative experience with Banc de Binary and finding them difficult to get a satisfactory resolution.
#alert #binary #option #scam
  • Profile picture of the author whateverpedia
    Originally Posted by jokylu View Post

    Has anyone had experience with Binary Options and or know if they are reputable and honest. I have had a very negative experience with Banc de Binary and finding them difficult to get a satisfactory resolution.
    Use a traditional stockbroker that has a BO trading division.
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  • Profile picture of the author Kurt
    Re: Binary Options


    Choose either a 0 or a 1.
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  • Profile picture of the author jokylu
    Thankyou Kurt but I do not understand your answer
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  • Profile picture of the author clmr1975
    I have been in several broker companies like Big Option, Binary Book, and to be honest with you, none worked for me.

    They call you and try to convince you to invest more, if you don't know what are you doing you lose money fast.

    If you're still interested check: List of Trusted Honest binary options brokers: Regulated Binary Trading
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  • Profile picture of the author nocturnal911
    I promoted Binary options for a while, it needs very good investment for marketing purposes and also i tried Banc de Binary, but it didn't worked either for me as i found its landing page sucks. People never made it to deposit.

    Later, i found some good offers where their landing page is very promising and people started depositing. I used to get $270 per sign up with deposit. That's very good pay, but like i said, i need to have very good budget and the competition is very high.

    I never worried about the competition, but all you need is a good offer, i signed up for few networks where my desired offer is there, but i never got any response from them. I tried and tried and then moved on.

    If i have the desired offer with desired landing page, i can earn good amount of money with it.
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  • Profile picture of the author seobro
    I do not have trouble when I put money in. However, getting money out is a never ending saga. They have all kinds of excuses. Mostly, they want you to keep your money in one year. Good luck with that one.

    Well, I do agree with Laura about getting a lot of calls from sales men trying to sell me crap. Most of these sales men have a thick accent and it is hard to understand what they are saying.

    There is not a single binary company using pay pal any more. However, there use to be many. Wonder why that is. It cost me $15 for each money transfer using a bank wire.
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    • Profile picture of the author jokylu
      Perhaps there needs to be a full scale investigatinn of these rogues and they be made accountable.
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  • Profile picture of the author DR0832
    The stock market is 1 dimensional meaning you have to pick direction correctly) and is challenging for most people. 95% of people lose money in stocks. Penny stocks are more difficult but can be traded profitably in the short term if you learn a system to time the market correctly. There is not automated or simple way to make money without learning how to trade and that takes 6 months to 2 years.) The options markets are 3 dimensional (you have to choose direction, how fast a stock will move and how far it will go, to be make money) and even less people can make money consistently in options than in stocks. The binaries options market is a pipe dream. It's a gimmick designed to steal gambling junkies money. .0001% of people make money. Do yourself a favor and don't waste your time. Forex is also a gimick unless you really learn what is actually going on and have enough money so you don't have to trade against your broker since most brokers are just what are referred to as modern day bucket shops.
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  • Profile picture of the author walsh259
    I was doing binary a few years back, Was going great, got up to 11k profit.
    The next day i was 30K down, had to sell my house and still in debt for it today.
    Be careful,
    The system i was using was great and to be fair it works, the problem is the person using the system. after so many wins, you feel invincible and go for bigger wins. i started off fine and for about a month i stuck to it. then i decided to risk £1000 per point instead of the £10 i had been all month.
    Needless to say, i didnt have a big enough bank roll that i couldn't cover the swing.
    The sickening thing is, i was only 2 points out. 2 points away from making 100k that day.

    My advice, if you can stick to it and be disciplined, its easy money. If there is a little bit of a gambler in you, then walk away.
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    • Profile picture of the author MeTellYou
      Hey,

      I've been doing some trading with Liam. he generously showed me the strategy that he used to use, and it's really simple. I like it. Like he says, if you're disciplined, it's not that hard to make this work. No losses so far.

      S.


      Originally Posted by walsh259 View Post

      I was doing binary a few years back, Was going great, got up to 11k profit.
      The next day i was 30K down, had to sell my house and still in debt for it today.
      Be careful,
      The system i was using was great and to be fair it works, the problem is the person using the system. after so many wins, you feel invincible and go for bigger wins. i started off fine and for about a month i stuck to it. then i decided to risk £1000 per point instead of the £10 i had been all month.
      Needless to say, i didnt have a big enough bank roll that i couldn't cover the swing.
      The sickening thing is, i was only 2 points out. 2 points away from making 100k that day.

      My advice, if you can stick to it and be disciplined, its easy money. If there is a little bit of a gambler in you, then walk away.
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      • Profile picture of the author 37Bodie
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        • Profile picture of the author walsh259
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  • Profile picture of the author leilani
    Decided to check one out. See what binary options was all about.

    Opened up like a brokerage account with minimal money. Reviewed their site.

    In the meantime, they incessantly sent emails and many phone calls to put in more money to trade.

    Decided to close the account. Now I am having a difficult time getting the money back. Had to send in too many forms.

    Part of the problem is this service is in the UK and is not regulated. My mistake.

    Leilani
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    • Profile picture of the author alleycatnews
      Best thing to do if you paid via credit card is do a chargeback. Claim fraud which it is!

      many of my clients have done that and gotten there money back.
      Steve

      Originally Posted by leilani View Post

      Decided to check one out. See what binary options was all about.

      Opened up like a brokerage account with minimal money. Reviewed their site.

      In the meantime, they incessantly sent emails and many phone calls to put in more money to trade.

      Decided to close the account. Now I am having a difficult time getting the money back. Had to send in too many forms.

      Part of the problem is this service is in the UK and is not regulated. My mistake.

      Leilani
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  • Profile picture of the author Joe Benjamin
    Yes.

    There ARE scammy brokers out there looking to either

    A. Steal your deposit

    B. Steal your profits

    I haven't had problems with the brokers I used because
    I did my due diligence learning which brokers to trust,
    and not trust.

    One broker I use personally is Markets World. I have
    never had issues with them paying out profits. Usually
    within 2 - 3 business days.

    I know people where they've built up 300k accounts
    and received their withdrawal profits within 2 - 3 days.

    Only thing I don't like about MW is their limited assets
    to trade from (only about 8 last I checked).

    The only U.S. regulated broker is NADEX which is all
    you need.
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  • Profile picture of the author DIABL0
    I would never invest or promote binary options.

    At least with regular options you theoretically could have an unlimited profit potential. With Binary options, your profit is fixed. You have be right like 60% of the time just to break-even...NUTS!

    If you promote them, I have no doubt that most people will just loose their money. You have to draw the line somewhere.

    Sure, some people make money, but I doubt it's long term. Plus all you will ever hear about is those that did make money and not the probable majority that lost money.

    Anyway, that's my opinion on this.
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  • Profile picture of the author HN
    Banned
    http://www.forbes.com/sites/investor...inary-options/

    Response to the Forbes

    Has anyone had experience with Binary Options and or know if they are reputable and honest

    Binary Options themselves can't be reputable or honest. This is like asking if Stocks are reputable. So I assume you were asking if companies that offer binary options are reputable. A few are. I have used ig.com

    I do consider BO as gambling. For the short term options (1min .. 1 hour) all you can do it guess and hope. Long term is less risky, but I prefer to be able to chose when to get out of trade. With some BO you do have this option, but you can't let your winning trades run forever.
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  • Profile picture of the author alleycatnews
    Nadex is CFTC regulated and the only one I use. I have done binary options for 15 years. (started with betonmarkets now called binary.com)

    Any bo company that offers a bonus is a JUNK! You will lose your money.

    nadex makes its money on a small commission on each trade. They DON'T have affiliates that they can pay $500 cpa etc..

    IF you are serious about binary options Nadex is the only way to go.


    Originally Posted by jokylu View Post

    Has anyone had experience with Binary Options and or know if they are reputable and honest. I have had a very negative experience with Banc de Binary and finding them difficult to get a satisfactory resolution.
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  • Profile picture of the author jmferret
    Same result as going to casino.

    The best way to make money in binary options is start binary options brokerage.
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  • Profile picture of the author imi1233
    The best way in my opinion is to get live signals from a Pro.
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    • Profile picture of the author Grace90
      As for me, I trade with one for about 6 months, you can read about it in 24option review. Sometimes get profit, in bad days - no. xD But haven't had problems with it.
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  • Profile picture of the author walsh259


    the last few days trading from using £100 starting balance.
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  • Profile picture of the author bebetsizo
    Get a pro to show and guide you. Thats the best option.
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  • Profile picture of the author Domkonit
    Binary Options is also only a way of trading. When you are @ the StockMarket you can make a big load of money bot also loose everything and more than that.

    If you have never traded know nothing about binary options or general trading you need to learn it first! Because 95% of the software which will be sold out there is a scam.

    When you want to start the best way would be to take a look @ a serious signals provider but also, you need to learn by yourself.

    Because not every signal you get is good. So you need to make a decision. You need to know will there be a conflict in this time by news or something. So to start in the stock market does not matter if do binary options or not you need to learn first about trading. Without that it's only as you would play roulette.
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