Binary options scam

By mor
Kiryat Ata, Israel
August 29, 2016 3:19pm CST
Hey, I have just saw a TV show named true color with Amnon Levy. This TV show investigates things, and now it was about the binary options in my country, Israel. Well, I'm sure many of you understand that binary options is not an investment, it is just a gambling. If I gamble that the value of gold will go up or down, I can deposit some money in a gambling account and see after 5 minutes if I was right or wrong. If I'm wrong, I will lose the money. If I'm correct, they will let me to gamble more and more until I lose. Well, I know France is investigating the thing for the scam it involves. In my country, there is a body that is in charge of the values. People can invest money on values of things like stocks and whatever....the body is called ISA ( Israel Securities Authority). ISA forbids this kind of gambling for Israeli citizens, but, allows for everyone else to gamble since it's in the hands of their countries to allow or forbid it. So, many people lose a lot of money to those scams and I'm ashamed of it. One sad case was about a customer who had lost his money and stopped gambling. A week passed and the customer service called him to convince him to deposit money for the gambling account. The customer's wife answered the phone and told them that he had died a week before since he had lost all of his money in their binary option service. Listen and tell it to everyone you know, this gambling is not recommended and it involves scams like manipulation of the gambling results, blocking accounts of people who know how to gamble right, and if you lose, they convince to deposit more.
6 people like this
4 responses
@tusziget (323)
24 Nov 17
Yes,you are right about it.It is better to avoid binary options,I have read many reviews about it,but were not positive.
1 person likes this
• Kiryat Ata, Israel
24 Nov 17
The officers customer service staff were told to lie and encaurage the customers to invest more and more. I feel shame it happened in my country. It is finally forbidden for good. I hope those scammers will be arrested.
1 person likes this
@tusziget (323)
25 Nov 17
@stringer321 There is no shame to be about,that in happened in your country.You are not responsible for other people's action.It wasn't your action.
@yugocean (9965)
• India
28 Nov 17
Gambling is really not recommended. Let us go back to ancient time, Gambling was there too, and yes it was always scam. People who gamble, they lost their pride.
1 person likes this
@ehsanji (503)
• Pakistan
3 Sep 17
Its funny to see how all these people in the comment section are acting as if they know everything about Binary Options. Yes it is betting, but those who are just throwing money in the air without any kind of investigation about a broker they are investing their money with should not complain about it. Do you guys know that I have been withdrawing money from a Binary Options broker since last 3 years and never had an issue? It's not like I am promoting them but Binary Options is not some gambling, its trading, and if you are following the financial news and you know how to read charts and candles and if you know how to use indicators on any given MT4 platform, you are surely going to win, based on your experience.
@just4him (306386)
• Green Bay, Wisconsin
11 Sep 16
That is so sad things like that happen.
• Kiryat Ata, Israel
15 Sep 16
Do you know about any more examples maybe ?
1 person likes this