What are Binary Options?
Binary options are a type of financial product classified as an exotic option. While they
may seem like a new speculative market, binary options have existed since 1974. Originally
created by the CBOE (Chicago Board Options Exchange), they became more publicly available in
2008.
Binary options involve predicting whether an asset will expire “in the money” or not — a
simple yes/no proposition, hence the term “binary.” Modern platforms often focus on very
short expiry times, ranging from a few minutes to a week.
Common Binary Option Types
• High / Low Binary Option: Bet if the price closes above or below a set
value.
• Touch / No-Touch: Bet if the price reaches a level before
expiration.
• Boundary: Bet that the price stays within a defined range.
Key Points
• Binary options are highly speculative and banned in the EU and UK.
• Most binary options brokers are unregulated, making them risky.
• Companies like AFX Retrieval can help victims Retrieval lost funds.
• Always research brokers thoroughly.
• Never invest more than you can afford to lose.
Are Binary Options a Scam or Legit?
Binary options are mostly considered scams. Although legal in the US, they are banned in the
EU (2018) and UK (2019) due to abuse by unethical brokers. While US regulation under the
CFTC and SEC offers some protection, the binary options market remains risky and is often
likened more to gambling than traditional investing.
Binary Options Robot Scams
Robots (automated trading systems) often promise high returns but usually require you to
share account details. These scams rely on aggressive sales tactics, fake testimonials, and
luxury lifestyle imagery. Most do not work and exist solely to exploit traders.
Binary Options Software Scams
Scam software often claims to use AI or machine learning to guarantee profits. These
programs usually earn money from selling access, not from trading success. Be cautious of
misleading claims and fake results.
Binary Options Trading Scams
Many unregulated brokers operate from loosely regulated regions. Their platforms may use
manipulated data feeds that change in the final seconds of a trade, causing artificial
losses. Use only brokers with transparent data and real licenses.
Binary Options Signal Scams
Signal providers sell trade alerts via platforms like Telegram. Most are scams designed to
profit from subscriptions. Avoid signal services and always make your own informed
decisions.
Lost Money to a Binary Options Scam?
If you've fallen victim, our investigation services can help. We deliver a comprehensive
Investigation Report and Action Plan tailored to your case. You’ll gain insight into what
happened and how to Retrieval your funds, with support from our expert team every step of the
way.
How to Avoid Binary Options Scams
- Only use brokers regulated by bodies like the CFTC or SEC in the US.
- Conduct thorough research and verify broker reviews across multiple sources.
- Avoid review sites that only promote a few brokers – they’re often fake.
- Always confirm where a broker is legally based.
- If you proceed, monitor price feeds yourself and validate their authenticity.
Conclusion
Binary options trading is a risky, often fraudulent market. Whether you’ve already been
affected or want to protect yourself moving forward, our experts at AFX Retrieval can guide
you
with tools, reports, and education. Don’t let a scam be the final chapter—let us help you
take back what’s yours.
