Binary Options Trading Or Gambling
Is binary options a new form of gambling? Binary option has supposedly taken Forex and stock trading to a completely new level. With new and improved technologies, brokers are providing platforms that claim to make trading super fun, quick, and effective. If binary option is an actual trading instrument and is not gambling then it has successfully taken out all the boring elements from normal trading and have replaced it with a fast and interesting platform. Is binary option Gambling? There are two sides to this story. If you ask this question to a broker, then most of them say no i.e.
Binary Options Trading or Gambling Nowadays, binary options brokers are popular due to their short investment offers and promises of high profit margin. These marketing tools attract types of people that are playing poker online, gambling at casinos or betting on sports. Is Binary Options Gambling or trading? Probably this is one of the most asked questions by every new trader lured into Binary Options. 25 July, AtoZForex -Binary Options have been hit hard by the regulators globally recently, even CySEC considering to ban Binary Options.
Binary Options Trading Vs Gambling
They will claim that it is not gambling. On the other hand, there are several clear indications that suggest binary options is gambling.
Binary Options Trading
Just for the record, it is my personal opinion too i.e. Binary trading is 100% gambling. forex indicator support and resistance levels Broker’s stance: Majority of brokers will tell you that options is not gambling, and they will defend their position by giving different reasons.
Binary Options Trading or Gambling Nowadays, binary options brokers are popular due to their short investment offers and promises of high profit margin. These marketing tools attract types of people that are playing poker online, gambling at casinos or betting on sports. Hello There, I am trading binary options and making a decent amount of money, so i think i am capable of answering your question. First of all to answer your basic question, Yes, It is gambling if you dont understand what you are doing. Download free forex yang art for fools.
Binary Options Trading Or Gambling Games
An account manager once told me during a phone conversation that their website is connected to some network by which their site get real-time trading data from the markets, and when a customer wins a trade, a third party pays the profit. “His company wants its customers to win as many trades as possible; on each trade customers execute, our company receives a small commission by a third party,” he added. He further explained that when a trade ends in a draw then they don’t get any commission; they receive commission only when a trader either wins or loses a trade. Binary option brokers lie! The account manager continued the story and said that they want traders to win and make money so that the company can continuously get commissions. “If a customer loses all his money and stops trading, we stop getting commissions,” he said.
If what the account manager said is true then all of this could make sense. Traders win trades and make profit while the broker gets commissions; it seems to be a workable system that actually does exists in ECN Forex Trading. Another thing they brag about is being a licensed entity. Most brokers reside in Cyprus and they get their trading license from Cyprus Securities and Exchange Commission [CYSEC]. They ask traders to trust them blindly because they are regularized.
Reality: Binary brokers are trying really hard to give the impression that what they do is same as Forex Trading and I must say they are doing a great job, however; there are several unanswered questions like, who exactly is this third party? Moreover, if majority of traders make money then how is it surviving? How does it make money for itself?
/top-binary-signals-managed-accounts.html. Broker want to make, not lose money Companies do business to make money for themselves; they don’t do it to make other people rich. If you search on Google, you will find tons of withdrawal related complaints against majority of brokers.