Binary options may be used in theoretical asset pricing, they are prone to fraud in their applications and hence banned by regulators in many jurisdictions as a form of gambling. Many binary option outlets have been exposed as fraudulent in the U.S. The FBI is investigating binary option scams throughout the world, and the Israeli police have tied the industry to criminal syndicates. The European Union is publishing regulations that will ban binary options trading. ASIC considers binary options as a “high-risk” and “unpredictable” investment option. Most people have lost their hard earned money through this binary options scams, yet they would go to meet scammers unknowingly to help them recover their money and they would end up losing more money in the process. Do well to contact [email protected].
