Why Binary Options Fraud is Rampant
If all of a sudden you had the money to invest in the stock market, you’d expect it to be a good deal. You would not expect to get ripped off by a very small, yet risk-taking percentage that’s convinced that there is a huge opportunity to profit.
It’s the same with binary options fraud.
Here’s the thing: the same tactics and economics that got you into trouble with a complex and volatile stock market, can get you into trouble with a complex and volatile binary options market, all right. They’re just called binary options.
Some people might not realize that the very practices that worked in the stock market, might not work in a binary options market.
What to Do if You Suspect Fraud
It is also possible to report suspected binary options fraud to the Federal Bureau of Investigation’s Internet Crime Complaint Center at www.ic3.gov or call the FBI’s toll-free tip line at 800-CALL-FBI (800-225-5324).
How to Identify Fraudulent Promotional Material
If an investment opportunity is presented to you on the Internet, should be legitimate.
A legitimate investment opportunity should not:
Demand payments, and
Be accompanied by unsolicited material such as videos, pictures, and/or promises of lottery winnings.
It is essential for anyone considering an investment opportunity to verify that they are dealing with a licensed and regulated entity in their jurisdiction. Some binary options companies may not offer any specific investment opportunity, but rather an “advance” or a “payment for services.” A legitimate advance on a binary options scheme may include the payment of funds to obtain information about binary options and, ultimately, money to buy binary options.
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