Binary Options Trading is Dead. What happened? 😞 5 months ago

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What happened to binary options? Why are they not unavailable to retail clients in Europe? Is it really illegal to trade binary options? Are binary options evil? Why do they seem to have disappeared from the face of the world? Have the authorities in Europe really made binary options illegal to trade? Binary options were originally intended as simple plays on whether a market is going to go up or down.

These were intended as limited risk, simple propositions where you couldn't lose more than you risked. The problem is that a lot of these unscrupulous companies started to open binary options to everyone.

They would use high pressure boiler rooms sales tactics to get people who shouldn't be involved in the markets at all to deposit money. They would even cold call pensioners and try to get them in the game.

The problem with people is that they don't always understand the risks. If you're losing money because you get the market direction wrong that's one thing, but if you're losing money because you don't know what you're doing, that's something else.

#binary_options #banned #illegal

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