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Binary Options Scams: Recover Your Lost Funds
Thousands of fraudulent binary options brokers appear every year and it’s our mission to fight back. If you’ve been scammed by your Broker, please contact us as soon as possible. The sooner we confront them, the sooner we will be able to get your money back.
What are Binary Options?
Binary options are a type of financial product classified as an exotic option. Binary options trading may seem like a new speculative market, but they’ve existed since 1974. They were created by one of the largest derivatives markets globally, CBOE (Chicago Board Options Exchange). It wasn’t until 2008 that binary options became primarily available to the public, and many entities copied the original CBOE asset type listing.
Binary options are a type of option that allows you to guess whether the option expires in the money – that’s it. Some unregulated binary options brokers allow for guessing on out of the money outcomes. A simple yes or no bet is made, hence the name binary. Contemporary binary options have expiration times between a week to a few minutes, with the majority of modern binary options platforms specializing in under one-day expirations.
Common Binary Option Types
- High/Low Binary Option
You bet whether the price will close above a specific price or below a certain price
- Touch/no-Touch
You bet whether the price will reach or not reach a defined price level at least once before the option expires. It does not matter if it closes above or below the price, only that it reached that price level before expiration.
- Boundary
You bet that price will not reach a certain level above or below the current traded price. For example, you want to make a bet that over a certain period of time, XYZ won’t trade above $2.00 and won’t trade below $1.00 – if prices stay between these two values, you win.