Is Binary Options Trading Worth Investing With?
What are Binary Options?
Trading with Binary Options is to speculate whether a trading instrument would go up or down within a specified time frame.
It's based on a simple ‘yes’ or ‘no’ statement. You will NOT be buying anything, you don’t wait for something to go higher and sell for a profit, not at all. You invest in placing down an option that will have a higher or lower value by the expiry time.
If you are correct, you will get a profit of 65-90% on your investment. These option expiry times can be as short as 30 seconds up to a month. It all depends on what you preferred.
Is it illegal?
The answer can be both a yes and no.
It is not a scam when u consider Binary options are as genuine as your roulette wheel or soccer betting. It's simple to understand and much easier to trade as a transparent trading tool, thus attributing to its reputation.
Though sometimes, you end up getting the other side of the market as your broker. In other words, if you win, the broker loses, and vice versa. This produces a biased conflict of interest and their capacity to modify the payout ratio (Odds/multiplier) increases that.
The Scam
The scam comes in when some brokers get more selfish and you start noticing cases like rejection to credit client accounts or compensate funds to users, identity theft, and use of software to cause losing trades.
There is no fast and easy money to be gained in just a day. Instead, do your homework, research websites advertising binary options trading. When it comes to brokers, do proper background checks. Make sure it is well-regulated and read reviews about other traders' experience with them.
Also, check Binomo Binary Options India for recommendations.