The Great Binary Options Scam Archives | Online Forex Trading

Overtime as our site grew, analyzing keywords through Google Analytics we were really surprised to find that among the most popular searched terms related with the binary options industry is whether binary option trading is a scam or not ... Many people who trade binary options not only they didn't make any profit but they lose all their money instead. Why? Because binary options trading is a high risk business, it is a financial derivative that offers absurd gains. Today, most of the binary options online guides and blogs seem to present the side they favor and maybe give a token line or two for the other side. In many cases, it looks more like propaganda than news.... We hope that all those people that are nervous about investing on binary option trading because they afraid its a scam will end up checking out our website new section because we will show them the shocking truth.

The Great Binary Options Scam Part Eight: Binary Options Brokers
  • Tuesday 27 October, 2015

The Great Binary Options Scam Part Eight: Binary Options Brokers

I’m finding it hard to commence part eight without coming across as overly-dismissive, or rude. But sometimes guys, you really do ask for it, don’t you? And by guys I mean the people these articles are actually intended for, the people out there throwing their money away on a form of trading that is only intended to fleece them, and nothing else. Okay, ...

The Great Binary Options Scam Part Seven: Liquidity Providers
  • Tuesday 27 October, 2015

The Great Binary Options Scam Part Seven: Liquidity Providers

If you are new to trading and binary options is the first trading instrument you have encountered, the first time most of you will come across the term “liquidity”, will be when your binary broker does not allow you to lock in a certain trade you want to place due to “limited liquidity” or words to that effect. Liquidity, in short, means an abundance of ...

The Great Binary Options Scam Part Six: No Spreads?
  • Tuesday 27 October, 2015

The Great Binary Options Scam Part Six: No Spreads?

The two images below show a pair of live charts of EUR/USD captured at exactly the same time on a dual monitor set-up by clicking the print screen button once. All I did was cut out the relevant part of the screen and save as two separate PNG files. Of course I could have faked these images so they are only as valuable as the trust you place in them, but what ...

The Great Binary Options Scam Part Five: To Leverage or Not to Leverage
  • Tuesday 27 October, 2015

The Great Binary Options Scam Part Five: To Leverage or Not to Leverage

So, on to leverage. One of the selling points binary options brokers use to convince you their platforms are safer is that in Forex you are offered leverage, which can quickly wipe out your account balance, and in binary options trading there is no leverage at all so it's safer. The main argument they use is easy enough to debunk so we'll start there. Leverage ...

The Great Binary Options Scam Part Four: Short Trade Durations Mean More Control. Not Exactly.
  • Thursday 22 October, 2015

The Great Binary Options Scam Part Four: Short Trade Durations Mean More Control. Not Exactly.

Assuming that a binary option trade, by its very nature, is a 50/50 wager, how exactly do customisable trade durations give you an advantage as a binary trader? Well, they don't actually, really they don't. And here's why: Binary options brokers love to draw attention to how a binary options contract can last for as long as you want it. From 60 seconds all the ...

The Great Binary Options Scam Part Three: Binary Options Offer High Payouts. Really?
  • Thursday 22 October, 2015

The Great Binary Options Scam Part Three: Binary Options Offer High Payouts. Really?

Say you walk into a casino with a wad of your hard-earned cash burning a hole through your back pocket. You buy a bunch of chips and eagerly scan your surroundings. Finally you see it sitting there seductively, the very centre of attention, glamorous, iconic, just waiting to help folks part ways with their money (I'm talking about the roulette table by the ...

The Great Binary Options Scam Part Two: Why Binary Options Have Been So Popular
  • Thursday 22 October, 2015

The Great Binary Options Scam Part Two: Why Binary Options Have Been So Popular

It's time to begin systematically debunking all of the various selling points employed by binary options brokers who try to convince beginners that trading binary options is superior, safer and easier than trading online Forex. I am here to cut through all the crap and let you know emphatically what is true, what is based in fact but has clearly been twisted, ...

The Great Binary Options Scam Part One: Full Disclosure
  • Thursday 22 October, 2015

The Great Binary Options Scam Part One: Full Disclosure

In the past I have contributed articles singing the praises of binary options without having a full understanding of how they truly work. This was just sloppy journalism on my part and I own up to it, sometimes the demands of deadlines and the need to keep the paychecks coming can lead you astray. Now I'm here to humbly request that you forgive my previous ...

The Great Binary Options Scam Series
  • Thursday 22 October, 2015

The Great Binary Options Scam Series

Philip Masters has had enough of binary options, and in this series of articles he has set out to tell prospective traders the truth about this new method of trading that has taken the Internet by storm. Point by point he cuts through all of the arguments used by binary options brokers to promote their products, showing you that all is not as it seems. The ...