Binary option has supposedly taken Forex and stock trading to a completely new level. With new and improved technologies, brokers are providing platforms that claim to make trading super fun, quick, and effective. If binary option is an actual trading instrument and is not gambling then it has successfully taken out all the boring elements from normal trading and have replaced it with a fast and interesting platform. There are two sides to this story. If you ask this question to a broker, then most of them say no i.

On the other hand, there are several clear indications that suggest binary options is gambling. Just for the record, it is my personal opinion too i.

Majority of brokers will tell you that options is not gambling, and they will defend their position by giving different reasons. An account manager once told me during a phone conversation that their website is connected to some network by which their site get real-time trading data from the markets, and when a customer wins a trade, a third party pays the profit. The account manager continued the story and said that they want traders to win and make money so that the company can continuously get commissions.

If what the account manager said is true then all of this could make sense. Traders win trades and make profit while the broker gets commissions; it seems to be a workable system that actually does exists in ECN Forex Trading. Another thing they brag about is being a licensed entity.

Most brokers reside in Cyprus and they get their trading license from Cyprus Securities and Exchange Commission [CYSEC].

Is Binary Options Gambling? | Trading Vs. Roulette Betting

They ask traders to trust them blindly because they are regularized by CYSEC. Binary brokers are trying really hard to give the impression that what they do is same as Forex Trading and I must say they are doing a great job, however; there are several unanswered questions like, who exactly is this third party?

Moreover, if majority of traders make money then how is it surviving? How does it make money for itself? If you search on Google, you will find tons of withdrawal related complaints against majority of brokers. Traders who are able to make profit are not getting their money from brokers; they make up numerous excuses for not paying. Why do they have such a hard time paying profits to the traders?

You neural network applications in stock market predictions find countless complaints against famous brokers who spend thousands of dollars every day on advertisements.

They will make up all kinds of lies to hide the truth. Nevertheless, there is hope. There are few honest companies in this otherwise awful business, one of which is MarketsWorld. This broker is stock market crash in 1929 facts for paying profits without any issues.

Unlike other dishonest ones, they operate under the law. Gambling Supervision Commission [GSC] regulates this company. Gambling Commissions do not regulate currency-trading companies, indicators of binary options is gambling commission if binary option is not Gambling then why does GSC regulate MW?

In online casinos, if you play and win, the casino owner pays you the money from his pocket. You win and the casino loses. It is up to you to decide whether this is gambling or not. Additionally, you should know that making profits in this business is only possible if you can come up with a good trading strategy otherwise, you will lose all your investment.

Brokers advertise this as an opportunity that you can use to get rich quick; these are all lies. Without a solid working strategy, you cannot charles schwab stock purchase plan profits.

Following is an example showing how financial betting, aka binary options trading, work: Opteck said they matched dollar for dollar.

Binary Options Gambling Commission 30 Sec: Indicator With 83%!

I investedUS dollars and Opteck made an evenUS dollars. And all gone with out a guilty conscience. DO NOT INVEST WITH OPTECK CYPRUS. After losing lot of money, I finally was able to make some profits. With some claim trading, I made dollars and requested BANC-DE-BINARY to send me this profit.

When I requested a withdrawal all calls stopped and they did not respond to my emails. It has been 2 months now and they have not sent me the profits. Live chat will sometime simply disconnect after knowing what the issue is.

Buying royal mail shares direct, they tell me wait. I live in Pakistan, I tried to deposit money with my broker, but my credit card company called and told me that they are going to reverse the transaction. They also warned me to never use my card for business purposes.

Can someone suggest a work-around? How can I deposit funds with if I live in Pakistan?

Binary option - Wikipedia

This certainly is betting, stay away from it. Leave a Reply Cancel reply. Currently you have JavaScript disabled. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page.

Click here for instructions on how to enable JavaScript in your browser. Is binary options a new form of gambling? Is binary option Gambling? Binary option brokers lie!

MarketsWorld or MW is the only financial betting site that operates in Isle of Man, UK. A live chat representative of MW gave the following statement: Start Trade Featured Comments: If you analyze it carefully, you will know Binary Option is a scam. But they put it beautifully that they only earn commission if you make money. Because they made the company lose an important customer like yourself.

They will entice you to pump in more money to trade conservatively. Believe or not, I know many has committed suicide because of your scam! They will haunt you down. You will not have good death!! You will never enjoy rest in peace!!! I invested in a Cyprus company called Opteck… and they lost all my money in two hours… Opteck said they matched dollar for dollar.

The Binary Options Geek Date: A step toward more responsible trade in financial markets. Join Today to start getting Free Online Jobs! It is a new learning experience for me. I had no idea such a I purchased this few months ago and still using it Purchased the product, looks great, but cannot figure out ho My 45 days Review of elance I have been using your signals for few days and I am so amaz Hi, mate Your signals are good.

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