Binary Optioner Mäklare Reglerade Drog

Handla binära alternativ med Nadex. Fund nu och få gratis handelsdagar. Nadex-kontofinansieringsbonus. Vad är binära alternativ. Binära alternativ är begränsade riskavtal baserat på en enkel ja ingen fråga om marknadens prisåtgärd, så här. Kommer denna marknad att vara över det här priset klockan 3:00 idag. Om du säger ja, köper du binären Om du tror nej, säljer du Om 15:00 har du rätt, du blir full 100 Om inte får du noll Binär handel är en Enkelt, men kraftfullt sätt att handla de mest aktiva aktieindex, forex, råvaror på andra marknader, med begränsad risk, garanterad. Fördelarna med Nadex. Trade flera marknader från ett enda konto, på en Mac, PC eller mobilenhet Handel på en Säker, amerikansk baserad, reglerad utbyte Handel med låg kostnad, ingen mäklareprovisioner och garanterad begränsad risk. Reglerade binära optionsmäklare. Binäroptionsmarknaden inleddes initialt utan ett väldefinierat regelverk och detta gav upphov till ett antal Fall av överträdelser från mäklare Traders klagade över att inte få betalt, stävas upp direkt av mäklare och inte få en bra transparent affär i allmänhet Dessa händelser visade precis hur viktigt det var att börja reglera den relativt nya marknaden. Men bara varför är reglering viktigt ändå Reglering innebär i allmänhet en hel del övervakning av en statlig myndighet eller en självständig myndighet för industri. Dessa övervakningsfunktioner ser på hur marknaden är inställd, referenser hos dem som driver mäklarfirmor, i vilken utsträckning handelsplattformar överensstämmer med globala bästa praxis Och självklart, i vilken utsträckning marknaden visar en genomskinlig inställning som inte skakar marknaden till förmån för vissa deltagare. Specifikt ser regleringen av binärmarknaden på följande. Hur väl kapitaliserad är mäklarbolaget. Det här är en Mäta den finansiella styrkan hos bolaget som erbjuder mäklarfirmor och talar omedelbart volymer om företagets förmåga att uppfylla återkallningsförfrågningar Mäklare fungerar som banker. De verkar under förutsättning att alla kunder inte kommer att göra uttag samtidigt, och att pengarna kvarstår I systemet för att göra det möjligt för dem att göra affärer med pengarna och betala av kunder som behöver uttag uppfyller en kund Vem vill dra vinster kommer inte att vänta på att mäklaren ska göra affärer för att göra vinst. Därför måste det finnas tillräckligt med pengar för att ta hand om detta. Detta introducerar begreppet segregering av konton. Så reglerande organ kommer att vilja veta om en mäklare Är väl kapitaliserad och upprätthåller också ett segregerat konto där pengar tillhörande handlare hålls uteslutande. Bakgrund. Regleringen inbegriper också att veta vem som står bakom en mäklare. Du vill verkligen inte göra affärer med en binär alternativmäklare som finansieras av droghandlare eller personer med en Därför är det bara personer som har de nödvändiga kvalifikationerna och är människor med hög integritet som får öppna mäklarfirmor. Reglerna vill även ha periodisk rapportering så att de vet att binäralternativen mäklare fungerar inom ramen för fastställda regler genom och genom Du vill inte Att arbeta med en mäklare som bara följer reglerna från januari till oktober och sedan skingrar marknaderna för att tjäna pengar Från kunder för att täcka intäkter för resten av året. Reglerna vill veta att en handelsplattform fungerar öppet och ger lika möjligheter för alla. Det är alltid nedslående att höra om insiders växlar algoritmer så att de kan dra nytta av utomstående Du behöver bara läsa de senaste nyheterna om händelserna i fantasinsportindustrin för att förstå denna punkt. Vad händer när det finns överträdelser Regulatorer har vanligtvis en brottsbekämpningsavdelning för att utreda klagomål och straffa eventuella överträdelser. Dessa orsaker som anges ovan är varför binära alternativmäklare Måste regleras Mäklare håller förmedlarens kapital i förtroende, tillhandahålla plattformen samt marknadstillträde och även uppfylla alla finansiella transaktioner i samband med handelskontot. En sådan enhet med svepande befogenheter över handlare måste därför ha någon form av kontroll och balansering mot Se till att de inte är domare på en marknad som de är aktiva i. Nationell reglering av binär alternativ S Mäklare. Denna artikel kommer att sluta med ett kort omnämnande av länder eller regioner där binära alternativ är aktivt reglerade. Reglering är starkare på vissa områden än i andra Oavsett fall är viss lagstiftning bättre än ingen alls. Binära alternativ i USA är hårda Reglerade av Commodities and Futures Trading Commission med inmatning från Securities and Exchange Commission som reglerar några av de tillgångar som handlas som binära alternativ i USA. Cyperns värdepappers - och utbyteskommission är den första regulatorn utanför USA för att aktivt försöka stoppa Den rot som snabbt blev binär alternativ i den europeiska, oreglerade miljön CySEC har dock inte varit så svårt på errantmäklare som sina motsvarigheter i USA. Det är fortfarande mycket bättre än vad situationen var före 2013. Det är fortfarande mycket bättre än regelverket. Japans Financial Services Authority JFSA och FFAJ är ansvariga för att reglera japanska binära optionsmäklare Viktiga förändringar när det gäller hur binära optionsmäklare Kan göra affärer har gjorts JFSA-webbplatsen har en fullständig lista över den nya ordern att göra saker när det gäller binära optioner mäklare. I Australien är binära alternativ mäklare regleras av Australian Securities and Investment Commission ASIC ASIC gör flyttar till Stärka sitt regelverk och arbetar nära med andra tillsynsmyndigheter i Asien för att detta ska ske. Maltas finansiella tjänster myndighet MFSA reglerar binära optioner mäklare i Malta Mäklare i binär optionsmarknaden måste kunna starta med en kapital på 730.000 euro MFSA blev så En av de första tillsynsmyndigheterna för att placera obligatoriska kapitalkrav på landets binära alternativmäklare. Ryssland, Kanada och Sydafrika arbetar utifrån regelverk för sina mäklare Frankrike och Italien förbjuder marknadsföring av binära alternativprodukter av offshore-mäklare Inga poster finns i några binärer Alternativmäklare licensierade av tillsynsmyndigheterna i båda länderna. I andra delar av världen, binära alternativ r Emain en oreglerad marknad och mäklarfirmor verkar fortfarande utan inhibition. Tänk ledarskap. Vid användning av denna webbplats anses du ha läst och godkänt följande villkor. Följande terminologi gäller för dessa användarvillkor, sekretesspolicy och ansvarsfriskrivning och Några eller alla avtal Klient, Du och Din hänvisar till dig, den person som åtnjuter denna webbplats och accepterar bolagets villkor Bolaget, Oavsett, Vi och Oss, hänvisar till vårt företagsparti, parter eller oss hänvisar till både Kunden och oss själva eller antingen Kunden eller oss Alla villkor hänvisar till erbjudandet, acceptansen och betalningen av betalningen som är nödvändig för att genomföra processen med vår hjälp till kunden på det mest lämpliga sättet, oavsett om det sker formella möten med fast löptid eller någon annan På annat sätt, för det uttryckliga syftet att uppfylla kundens behov avseende tillhandahållande av bolagets angivna tjänster, i enlighet med och föremål för, Rådande engelsk lag Varje användning av ovanstående terminologi eller andra ord i singular, plural, kapitalisering och eller han eller hon, tas som utbytbar och därför hänvisar till samma. Vi är engagerade i att skydda din integritet. Godkända anställda inom företaget på Ett kunskapsbaserat användar endast information som samlats in från enskilda kunder Vi granskar ständigt våra system och data för att säkerställa bästa möjliga service till våra kunder. Parlamentet har skapat specifika brott mot obehöriga åtgärder mot datorsystem och data. Vi kommer att undersöka sådana åtgärder med en Se till att åtala eller åtala civilrättsliga förfaranden för att återkräva skadestånd till de ansvariga. Vi är registrerade enligt lagen om dataskydd 1998 och som sådan kan eventuella uppgifter om Kunden och deras respektive Klientregister överlämnas till tredje part. Som konfidentiell och kommer därför inte att avslöjas till någon tredje part än Finans Magnifierar om det är juridiskt nödvändigt att göra det till de behöriga myndigheterna. Vi säljer inte, delar eller hyr din personliga information till någon tredje part eller använd din e-postadress för oönskat mail. Alla e-postmeddelanden som skickas av detta företag kommer endast att vara i samband med Tillhandahållande av överenskomna tjänster och produkter Ansvarsfriskrivning. Klausuler och begränsningar Informationen på denna webbplats tillhandahålls på grundval av grunden I den utsträckning det är tillåtet enligt lag utesluter detta företag alla garantier och garantier som gäller denna webbplats och dess innehåll eller som är Eller kan tillhandahållas av några affiliates eller någon annan tredje part, inklusive i samband med eventuella felaktigheter eller utelämnanden på denna webbplats och eller bolagets litteratur och utesluter allt ansvar för skador som uppstår på grund av eller i samband med din användning av denna webbplats. Detta inkluderar , Utan begränsning, direkt förlust, förlust av affärer eller vinst huruvida förlusten av sådan vinst var förutsägbar, uppstod under normala förhållanden eller hur Du har underrättat det här bolaget om möjligheten till sådan potentiell förlust, skada som orsakats av din dator, datorsystem, system och program och uppgifterna på det eller andra direkta eller indirekta, följdskador och tillfälliga skador. Finansmagneter utesluter emellertid inte ansvar för dödsfall eller Personskada orsakad av vårdslöshet Ovanstående undantag och begränsningar gäller endast i den utsträckning som lag tillåts Ingen av dina lagstadgade rättigheter som konsument påverkas. Vi använder IP-adresser för att analysera trender, administrera webbplatsen, spåra användarens rörelse och samla bred Demografisk information för aggregerad användning IP-adresser är inte länkade med personligt identifierbar information Dessutom registrerar våra webbservrar automatiskt för systemadministration, detektering av användningsmönster och felsökningsändamål, standardåtkomstinformation inklusive webbläsartyp, åtkomsttider öppet mail, begärd URL och referensadress Denna information delas inte med tredje part och används endast inom t Hans företag på grund av behovet av att veta. Varje enskild identifierbar information som är relaterad till dessa uppgifter kommer aldrig att användas på något annat sätt än det som anges ovan utan ditt uttryckliga tillstånd. Liksom de flesta interaktiva webbplatser använder företagets hemsida eller Internetleverantör cookies för att aktivera Vi hämtar användaruppgifter för varje besök Cookies används i vissa delar av vår webbplats för att möjliggöra funktionaliteten i detta område och användarvänlighet för de personer som besöker. Länkar till denna webbplats. Du får inte skapa en länk till någon sida på denna webbplats Utan vårt tidigare skriftliga samtycke Om du skapar en länk till en sida på denna webbplats gör du det på egen risk och de uteslutningar och begränsningar som anges ovan gäller för din användning av denna webbplats genom att länka till den. Länkar från den här webbplatsen. Vi övervakar inte eller granskar innehållet på andra parts webbplatser som är länkade till från den här webbplatsen. Meningar som uttryckts eller material som visas på sådana webbplatser delas inte nödvändigtvis av oss eller godkänns av oss och bör inte betraktas som Utgivaren av sådana åsikter eller material Vänligen var medveten om att vi inte är ansvariga för sekretesspraxis eller innehåll på dessa webbplatser Vi uppmanar våra användare att vara medvetna om när de lämnar vår webbplats för att läsa sekretessutlåtandena för dessa webbplatser. Du bör utvärdera Säkerhet och tillförlitlighet för någon annan webbplats som är ansluten till denna webbplats eller åtkomst till denna webbplats själv innan den lämnar någon personlig information till dem. Detta företag tar inget ansvar för förlust eller skada på vilket sätt som helst, oavsett orsak, som härrör från din upplysande till tredje Parter för personlig information. Upphovsrätt och andra relevanta immateriella rättigheter finns på all text relaterad till företagets tjänster och hela innehållet på denna webbplats. Alla rättigheter reserverade Alla material som finns på denna webbplats är skyddade av Förenta staternas upphovsrättslagar och kan inte vara Reproduceras, distribueras, överförs, visas, publiceras eller sändas utan föregående skriftligt tillstånd från Finance M Agnates Du får inte ändra eller ta bort något varumärke, upphovsrätt eller annat meddelande från kopior av innehållet. All information på denna sida kan komma att ändras Användningen av denna webbplats utgör godkännande av vårt användaravtal. Läs vår sekretesspolicy och juridiska ansvarsfriskrivning. På margin ger en hög risknivå och kanske inte är lämplig för alla investerare Den höga hävstångsgraden kan fungera mot dig såväl som för att besluta att handla utländsk valuta. Du bör noga överväga dina investeringsmål, erfarenhetsnivå och risk aptit. Möjligheten Existerar att du kan behålla förlusten av vissa eller alla dina initiala investeringar och därför borde du inte investera pengar som du inte har råd att förlora. Du borde vara medveten om alla risker som är förknippade med valutahandel och söka råd från en oberoende finansiell rådgivare om Du har några tvivel Opinioner uttryckta i Finans Magnates är de enskilda författarnas och inte nödvändigtvis rep Neka uppfattningen från Fthe Company eller dess förvaltning. Finans Magnates har inte verifierat noggrannheten eller grunden i faktumet av något påstående eller uttalande som gjorts av någon oberoende författare. Fel och utelämnanden kan inträffa. Eventuella åsikter, nyheter, undersökningar, analyser, priser eller annan information Som finns på denna webbplats, av Finans Magnates, dess anställda, partners eller bidragsgivare, tillhandahålls som generell marknadskommentar och utgör inte investeringsrådgivning. Finans Magnates tar inget ansvar för förlust eller skada, inklusive utan begränsning till eventuell förlust av vinst, Som kan uppkomma direkt eller indirekt från användning av eller beroende av sådan information. Ingendera parten ska vara ansvarig för den andra för eventuella underlåtenhet att utföra någon skyldighet enligt något avtal som beror på en händelse som inte omfattas av en sådan part, inklusive men inte begränsad till Guds lag, terrorism, krig, politisk uppror, uppror, upplopp, civil oro, civil eller militär myndighet, uppror, jordbävning, översvämning eller någon annan Annan naturlig eller människan som görs utanför vår kontroll, vilket medför att avtal eller avtal ingås, eller som rimligen hade kunnat förutses. En part som berörs av en sådan händelse skall genast underrätta den andra parten om detsamma och använda alla rimliga Strävar efter att följa villkoren i avtalet i det här härifrån. Uppsägning av endera parten att insistera på en sträng utförande av någon bestämmelse i detta eller något avtal eller om någon part inte har rätt att utöva någon rätt eller åtgärd som han eller hon Har rätt till härmed inte utgöra ett undantag från detta och får inte leda till en minskning av skyldigheterna enligt detta avtal eller något avtal. Inget avstående från någon av bestämmelserna i denna eller någon överenskommelse ska vara effektiv om inte det uttryckligen anges att det är sådant och undertecknat av båda Parterna. Notifiering av ändringar. Bolaget förbehåller sig rätten att ändra dessa villkor från tid till annan som det passar och din fortsatta användning av si Te kommer att innebära att du accepterar någon anpassning av dessa villkor Om det ändras vår integritetspolicy kommer vi att meddela att dessa ändringar har gjorts på vår hemsida och på andra nyckelsidor på vår sida Om det finns några ändringar i hur vi Använd våra webbplatskunder Personligt identifierbar information, anmälan via e-post eller post kommer att göras till dem som påverkas av denna ändring. Eventuella ändringar i vår integritetspolicy kommer att läggas ut på vår webbplats 30 dagar innan dessa ändringar äger rum. Du rekommenderas därför Att regelbundet ompröva detta uttalande. Dessa villkor ingår i avtalet mellan kunden och oss. Din åtkomst till denna webbplats och eller om en bokning eller ett avtal anger din förståelse, överenskommelse och godkännande av ansvarsfriskrivningen Meddelande och de fullständiga Allmänna Villkoren som finns här Häri De lagstadgade konsumenträttigheterna påverkas inte. Finansförhöjningar 2015 Alla rättigheter reserverade. Förstå binära alternativ Reglering. Du kan inte läsa en investeringsblogga utan att komma över inlägg om binära alternativ. Det finns mycket pengar i binära alternativ för användare, mäklare och annonsörer, så det gick inte att byta över natten. Binär optionshandel Är legitim men otroligt riskabelt Du måste förstå branschen och de risker som är involverade och du kan bättre tjäna dig borta helt. Tänk inte på granskare som ställer binära alternativ som en snabb lösning för dina ekonomiska problem. I verkligheten kan ingenting vara Längre från sanningen. Hur fungerar binäroptioner Trading. Binära alternativ handlare investerar i framtida rörelse för vissa tillgångar som guld, aktier, marknader osv. Enkelt uttryckt försöker binärhandlare att förutse om värdet av sådana tillgångar kommer att öka eller minska Under en viss tidsram. Om din förutsägelse blir sann, kommer du att vinna och tjäna en provision på din investering. Om värdet inte förändras som du förutspådde, du w Sjuka förlora alla pengar som investeras för att låsa in din förutsägelse. Presenterad på detta sätt blir det uppenbart att binär optionshandel är mer som sportspel än äkta investeringar Binära alternativ är inget annat än vadslagning på finansiella tillgångar, ungefär som om du skulle satsa på resultatet av Ett sportspel. Så är det en bluff. Detta gör inte binära alternativ en bluff Det är bara inte en investering. Majoriteten av binära alternativ mäklare är legitiska företag Som legitima mäklarhus kommer dina pengar inte att bli stulna och du vann t Bli bedrägad. Problemet är att majoriteten av mäklare lovar orealistiska förväntningar Den genomsnittliga användaren får inte resultat som dessa. Den vanligaste sätten binära mäklare lockar nya handlare är att visa dem fall där enkla människor lyckades vinna enorma pengar genom att bara Handla låga belopp på guld och andra populära tillgångar. Säkerligen finns sådana fall, men de är undantaget, inte regeln. På samma sätt lyckas vissa idrottsspelare vinna mycket stora summor, skickliga l Ucky binära alternativ handlare gör ibland bank Men det här händer extremt sällan. Inte vet det här, många människor registrerar sig med binära alternativ mäklare som erbjuder orealistiska vinnande löften i slutändan slutar många människor förlora alla pengar de lägger i Systemet. Men du kan verkligen vinna. Den största faktorn i att vinna på binära alternativ är LUCK Men ja, du kan verkligen vinna. Sakerna mäklare kommer inte att berätta är att du måste lägga in mycket ansträngning och forskning om du Vill vinna konsekvent och till och med då är tur den mest kraftfulla variablen. Liksom i sportspel måste du ha stor kunskap om den aktuella sporten och om lag som spelar. Om du vill vinna måste du förstå Spelet, styrkorna och svagheterna i lagen, och spelarnas färdigheter. Du måste veta om historisk prestanda, träningsnivåer, skador och dussintals andra variabler. Även då kan saker inte gå. Om du faktor i alla Se variabler då kommer du förmodligen att vinna i det långa loppet Det är exakt detsamma i binär optionshandel Det finns otaliga variabler och risker som du måste tänka på för att noggrant kunna förutse den framtida utvecklingen av en tillgång. Insatser som årstid , Ekonomins tillstånd, politiska utvecklingar, ekonomiska prestationer för viktiga marknadsförare, senaste affärsnyheter och händelser påverkar ständigt rörelsen av aktiekurser och råvaror. För att kunna exakt förutse rörelsen för en tillgång måste du Vara uppdaterad med all denna information För att kunna lyckas måste du också förstå en rad tekniska data, till exempel att kunna läsa diagram, använda tekniska indikatorer, förstå statistiska beräkningar och mycket mer. Som du Kan se att binära alternativ är mycket mer än att bara investera 100 på guld och sedan få 300 tillbaka 10 minuter senare Om det här är ditt tillvägagångssätt, kommer du att förlora 100 av din investering förr än senare. Det låter hårt. Ja, det är precis vad solid binär handel kräver att jag vet att de flesta enheter som annonserar binära alternativ gör mycket djärva löften, men i verkligheten är det mycket mer komplicerat. För att verkligen tjäna pengar måste du investera betydande mängder Tid i marknadsundersökningar och lär dig om de tekniska aspekterna av den här verksamheten. Oavsett vad någon lovar kommer du aldrig att kunna göra enkla pengar genom att placera slumpmässiga spel här och där Mäklare räknar med att du gör exakt det här eftersom de vet att det här sättet, Du kommer att betala priset för att bli en förlorande näringsidkare vilket innebär att mäklare kommer att tjäna pengar på dig. Så det här är sanningen bakom binäralternativet Det finns inget som är naturligt fel med denna form av online-handel eller, bättre sagt, vadslagning , Förutom att mäklare är artificiellt hyped upp och är oärligt presenteras som något de inte är. Så en gång till är Binär Options Trading en Scam. Binary Options trading isn ta bluff, men det är fi Nancialgambling som bara kommer att fungera bra på lång sikt för de mest hängivna och kunniga användarna.2017 Uppdatera binära alternativindustrins ändringar. Om du läser våra tankar från 2014 vet du att binära alternativ är legit men extremt riskabelt och svårt att delta I lönsamt Men det var tillbaka i 2014 Saker har ändrats ganska lite sedan dess. Som nämnts ovan finns det fortfarande ingen enkel genväg till binär optionshandel framgång du kommer fortfarande behöver lära sig grunderna i denna handelsform och göra mycket marknadsundersökning Att göra riktiga pengar Som sagt har vissa nya utvecklingar dykt upp i branschen som kan göra det enklare för dig att leva genom binär alternativhandel. Mer välkomnande till nya handlare. För en har social handel äntligen blivit en viktig aspekt av binär Options trading Newbies som vill börja tjäna pengar utan att behöva kämpa mot en gnarly inlärningskurva kan titta på praxis av erfarna veteraner Några mäklare erbjuder även in-house sociala tr Ading plattformar som låter dig dra nytta av handelsupplevelsen av mycket framgångsrika binära optionshandlare inom företaget. Naturligtvis finns det risk för att näringsidkaren kommer att misslyckas, i vilket fall riskerar du att förlora pengar på samma sätt Så du kommer att ha Att välja dina signalleverantörer mycket noggrant för att undvika besvikelse. Vi har nu även binära alternativrobotar som syftar till att automatisera vinnande affärer för användare Tyvärr är många av dessa robotar svindel vilket är varför du skulle vara bättre att undvika dem helt och hållet, om inte i fall Där din mäklare erbjuder sina egna bilhandelstjänster. Än då kan du inte räkna med en mäklare för att ge dig ett mycket lönsamt, automatiserat handelsverktyg. Varför skulle en mäklare ge dig verktygen för att ta sina pengar? Du måste göra din egen forskning Först för att se om det automatiska handelssystemet är värt sitt salt. Och om du väljer att använda ett oberoende binärt handelsrobotföretag, måste du vara extra vaksam för att undvika att bli scammed. Mer Verktyg för avancerade handlare. Det är lättare att få tillgång till finansiell finansiell information som behövs för att fatta intelligenta handelsbeslut än för två år sedan. Premium binära optionsmäklare har nu bra plattformar som ger utmärkta data för omfattande teknisk analys av tillgångarna du handlar och hjälper dig För att göra bättre affärer. Dessutom har det funnits fall av mäklare som introducerar robotar som skyr finansiella nyhetstrådar, vilket ger dig de senaste händelserna så att du kan förutse marknadsfluktuationer. Alla dessa framsteg gör det enklare för binära alternativ handel för personer som är villiga att ta sig tid att lära sig System inuti och ut. Still Legit. Yes, binära alternativ är legit och växande Men du måste fortfarande hoppa genom massor av hoops att göra det i branschen som nybörjare Det finns också gott om bedrägerier att dra nytta av hjälplösa nya binära Optionshandlare som inte vet hur branschen fungerar Samtidigt har vi nu ett bredare urval av pålitliga mäklare och signalprov Iders än vad vi hade för några år sedan En speciell som vi rekommenderar är 24Option. Dessutom ger bättre information och teknisk analys industrin mer lukrativ för dedikerade användare. Du måste ändå vara mycket mer uppmärksam på vem du går in i sängen När du går in i industrin för att hålla dina pengar från att falla i fel händer Om du är villig att lägga in arbetet, lära sig genom försök och fel, och utveckla bättre metoder än den genomsnittliga binära alternativet, kan du faktiskt tjäna pengar med binära alternativ I 2017. Exklusiv Bonus Innan du investerar i binära alternativ, kolla in vår rapport om 70 binära alternativmäklare. Ta reda på vilka mäklare du behöver för att undvika. Få vår exklusiva rapport gratis idag. Rekommendationer om binära alternativ. Sanningen om binära alternativ Legit Trading eller Scam. Den svältande konstnären Kanada blerghhh 26 juni 2014 kl 6 25 - Reply. Brokers debiterar vanligen en fast avgift per handel, så de bryr sig inte om du vinner eller förlorar vanligtvis föredrar de det Du handlar mer så att de gör mer. Att uppmuntra kunderna att gå med, handla dumt och flamma ut är inte exakt en vinnande strategi för mäklaren heller. De vill i allmänhet att deras kunder lyckas, men de flesta lagar förbjuder vanligtvis mäklarfirmor att ge råd Av något slag. Binär alternativ handel kan vara lika legitim som någon annan investeringskanal men släp-oljens säljaren tillvägagångssätt av annonsörs medlemsförbund har ändrat uppfattningen Fordringar av att multiplicera investeringar i minuter och andra har folk flockar till dessa online-mäklare utan att spendera lite tid att lära sig Grunden till och med Gjorde rätt och med tålamod kan binär alternativ handel definitivt vara ett lönsamt alternativ. Jag är inte säker på binära alternativ Allt jag läser om det låter som att spela till mig Kanske jag bara vet inte tillräckligt om det, men jag ska stanna Bort från det för nu. Hur hade jag faktiskt inte tittat på binära alternativ för mycket för att jag inte förstod dem Tack för inlägget, men jag tror fortfarande att jag kommer att hålla sig borta H, jag måste fokusera på att suga bort lite pengar i min Roth innan jag ens tänker på någonting else. Zee Arbeta för att inte fungera 26 juni 2014 kl 7 37 - Svar. Jag har aldrig investerat i binära alternativ, men jag Har investerat i ett läkemedelsföretag som hade en kommande binär händelse. I grund och botten om deras läkemedel godkändes av FDA var jag gyllene, och om det inte var så skulle det tanka. På en viss dag svängde börsen kraftigt på en eller annan sätt . Men som du sa måste du göra din forskning Jag visste företagets historia, jag visste om deras drog och hur det gick framåt. Det hade misslyckats tidigare och jag visste att de täckte det s brister från det tidigare försöket så de var T kommer att bli en fråga längre och skulle inte nekas av samma skäl. Men det var fortfarande en stor spelning det kändes dagen innan den gick ner 40, dagen efter det godkändes det gick upp 80 Det var en rulle Coaster och det lärde mig min risk tolerans. Det är inte för de svaga i magen och det är nej T för dem som inte gör sin research. Share Investor 29 juni 2014 kl 2 32 am - Reply. Binary Alternativ låter som spelande I binära alternativ tog de kasinot 101 affärsplan och bytte spel till handel. De betalar tillbaka 75 cent för Varje 1 Du kan få bättre odds på Las Vegas. Fernando 25 september 2014 kl 6 20:00 - Svar. Jag måste säga tack I en webb-värld som helt fastnat med värdelösa gyllene löften om det här binärspelet är det inte faktiskt , Egentligen spel, eftersom du kan kontrollera odds på ett mycket bättre sätt igen, gör den forskning du refererar till än vad du skulle ha i rouletten, till exempel, där oddsen för framgång ökar så mycket som din vinstförväntning minskar genom att satsa i en Många siffror är det mer sannolikt att du kommer vinna än om du satsar på bara ett par av dem, men då kommer procentsatsen av vinsten också att vara logiskt mycket mindre, men här är risken alltid densamma, låt säga 50 och vinsten Kan vara enormt, om du gjorde dina läxor, vilket är något Bara omöjligt i det mest rena spelandet ser jag t ex idrottsspel som rent spel som, även om faktorn tur är där, det finns också en stark del av studien och kontrollerar oddsen, säger ändå, tillräckligt förvirrad i min kommentar Vad jag menar är att du har den sällsynta förmågan att förklara något ganska komplicerat på ett sätt som även jag själv helt okunnig om vilka intressen investeringar och marknader kan förstå det utan att behöva läsa om igen tack så mycket igen - annonser där en kille börjar prata bokstavligen om hur rik han är och hur rik han kommer att göra dig utan vinst för sig själv, vilket inte bara är lovvärt, men framförallt talar vi om fenomenet killen Det är uppfriskande och pengarbesparande för att få någon med tydligt tänkande att de faktiskt kan lägga mina fötter på marken och släppa mig tillbaka till Verkligheten medan du säger att du bor i en riktig w Orld och allt detta är fantasi Återigen tack Folk som du är anledningen till att jag fortfarande har tillåtet ett bankkonto i alla länder jag har levt hittills. Om det inte var för denna typ av rådgivning på jorden, Jag tittar noga på ett tomt kylskåp, ett tomt kontoutdrag och en mycket rik lista över binära transaktioner som dödligt gått fel Tack, för han tredje gången Med vänliga hälsningar, Fernando. Jo, det är svårt att tjäna pengar. Banc de Binary är en Av dem som gillar att se dig förlora deras rådgivare är alla scammers När du förlorar, kommer de låtsas att avfyra sina rådgivare men i själva verket roterar de dem till andra kunder och sedan be om att fylla på pengar och lova att göra tillbaka för dig självklart Förlorare är you. Don t använda dem. Phil binäroptionsinvestor November 12, 2014 på 12 21 pm - Svar. Jag tror att problemet är att de flesta människor faller för online marknadsföring och locka höga vinster och rikedom Sanningen är att dessa kontrakt är verkligen Insatser, mycket som de som används i sport Du kan handla dem en D tjäna pengar, men du måste gå in i det med dina ögon öppna och inser att handel inte är så enkelt som det ofta görs för att se. Binära alternativ kräver definitivt arbete, som de flesta saker i livet om du vill tjäna pengar på dig Måste men i ansträngning Om du förstår tillgångarna och varför de rör sig, spela med några strategier som fungerar för dig och aldrig sätta in mer än du har råd att man kan tjäna pengar med denna typ av handel. Det tar bara tid och ansträngning Lycka till. Is Binary Option a Scam January 9, 2015 at 3 32 am - Reply. It is a problem that binary options industry has become a shady place with so many brokers and information products like robots, systems, etc One should definitely make their own research before investing real money into it Just a handful of brokers allow demo accounts. Charles Barker January 20, 2015 at 3 45 am - Reply. I have quit my day job a year ago and I ve been making a living online ever since One biggest source of my income is online trading binary forex I can attest that binary options really work Of course, is NOT a quick rich scheme You just have to learn the right strategy in order to work. pete ancich February 6, 2015 at 6 02 am - Reply. I have been doing research on binary options and am about to start an account Do you have any tips for a first timer I too also demo a Forex account Would love some advice. I can attest that binary options really work. LOL That is a nonsensical statement define really work But if you will actually attest to it, then post your binary options brokerage statements so we can see how they really work, or simply post your strategy. kyle the don February 18, 2016 at 4 14 pm - Reply. lmao trying reverse psychology to get his strategy he put in work and so have i as i am successful as well stop coming on here for answers and put in the work yourself. I find the gamble plays a large role in the type of binary options traders are trading Those that trade short term options like 60 second trades are gambling because there is never enough qualitative data to actually predict market movements minute to minute Longer trades, like 30 minutes to 1 hour can be effectively predicted using classic Foreign exchange trading strategies and basic price action or fundamental analysis. It may be possible to put such systems to the test prior to spending any money The best case scenario would be to take advantage of a free trial offer and then test the suggested trades while using a free demo account. Thanks for this great review Indeed you are right Binary options trading involve much more than just investing some money and expecting a quick return Traders need to keep in touch with latest economic and political news. I would also advise new traders to read about the brokers before undertaking any transaction Some are real scams while others are honest in their dealings. I was contacted by a broker who was sure i could make some easy money from the crisis in Gasa and Ukraine I ve put 5K on oil going up for couple d ays and won around 3 5K The trick was that he matched my 5k with another 5k and i had to multiply that by 25 or 100, i don t remember So basically they make you win once or twice and then just make you lose, getting back there money I contacted the bank and said i was scammed, that s how i got my 5k back There is no such thing as easy money The site was binary goals. In my experience there are two types of binary options trading Firstly you get the typical offshore-brokerages which offer what you have above For every 1 invested you either get the amount back plus 0 75 or you lose the full 1 Anyone that has formally studied derivatives and options pricing theory would know that this is ridiculous Basically what you should pay for entering a binary options contract is the discounted expected value of the future payoffs based on the underlying asset This is simply saying that it you can either gain 1 or 0 then with a 50 50 odds you should pay the price of 0 5 for the contract Now even if y ou have a guaranteed 100 of winning, the most you would have to pay for the binary options offering 0 75 or 0 payouts is exactly 0 75 Thus by paying 1 you are being stupid Paying more than the expected value is an example of risk seeking and you will lose in the long term Moreover, you can usually sell the option back to the platform but the rates offered are laughable I have not seen one platform that offers any selling price where you would profit, even if the option is in the money. Secondly there is a better and more structured way to trade binary options which correspond much more to what binary options really are You can google Nadex North America Derivatives Exchange or Cantor Exchange Limited or CME Chicago Mercantile Exchange. Here you trade REAL binary options where the price for buying or selling the options is always between 0 and 100 NOTE The price you buy or sell at is what the market thinks is going to happen and how it values the true probability of the option expiring in or out of the money Example, given an expiry in an hour on EUR USD with strike 1 06500, meaning that the binary option has a fixed strike rate, you can buy the option if you believe it is true i e that the price in an hour will be strictly above or 1 06500 or you can sell the option Buying and selling takes place using a bid offer spread and a small commission charged. So let us say that the current quote is 34 41 meaning you can buy the options at 41 or sell it at 34 If you buy the option at 41 and in an hour it expires above 1 06500 you will get 100- 41 59 in profit PLUS your original 41 less exchange fees of course, which is normally around 0 9 per trade. Clearly you made 59 41 143 on the investment. Incidentally it is possible that during the hour the price offered changes to 75 84 and thus you can SELL EARLY at the price of 75 Thus your profit would be 75- 41 34 i e 91 Of course you can buy at 84 and make a profit of 16 as well which is technically a safe bet, but you are still risk ing 84 I would rather sell at this price. Of course there are other features such as GTC orders where you can fix the price you would be prepared to buy sell at in the market and hope that your price is filled You are trading against other traders and thus there is no conflict of interest with the exchange or price manipulation etc. In my personal experience, I have been hit very hard and lost a lot of money on the offshore brokers and their silly payout schemes It took me a while to finally realize how I was cheated My honest advice to anyone wanting to trade binary options is to consult one of the three exchanges I have listed they are only ones in the market You benefit from a regulatory system that is much better than the regulation offered by Cysec regulated firms. Of course you must decide for yourself. Jack Knorler December 9, 2015 at 7 37 am - Reply. HI, Great article The main thing here is to have the possibility to differentiate regulated and trusted brokers with brokers with no regulation that only want to scam new investors There are a lot of experienced traders making great profits but most of the people is losing money, thats the sad reality If you know how to minimize the risk and take advantage of the market trends, you can have success in your trading. Most brokers take advantage with customers funds because they fill these customers dont know how to get their funds back But trust me there are hidden ways you can get your lost funds back from the broker I was able to withdraw my 94000 from the two brokers i signed up with while trading If you have lost funds to broker that is more than 5000 please kindly let me know so i can tell you how you can get your money back. Kelvin Fleming April 7, 2016 at 9 09 pm - Reply. Hi Sarah I lost over 200K with the broke in the space of about a week I had a feeling the behaviour of the account manager I was dealing with was strange and reckless I have a fledgling account with Banc De Binary and the people I have spoken to there said the same things Simply unreal that he could lose so much so quickly The word hubris springs to mind Having thought about it afterwards, I had the feeling that they were making money regardless of the outcome. To all traders respectively, trading binary options is not all about setting up a trading account and deposit in it then run around for strategies You have to know some strategies don t work on some account types So you should be careful of the kind of strategy or Robot you use to trade or even the signals too Before I could be making 15,000 every week, I found out this 4 years ago after losing an amount worth my house The things you feel are nothing are the things making you lose every time you trade You should be able to know the platform that suits your kinds of trades. Kelvin Fleming April 7, 2016 at 8 59 pm - Reply. I joined Option FM and was quickly encouraged to plunge a large amount of money in actually bullied is the word I d use I wish to Hell I d read this page before I did It looked to be doing well and then in the space of a week, I lost the entire investment of around AU 240,000 About US 180,00 I was just gobsmacked at the outcome The account manage calling himself Ben Wilson they all use aliases I noticed , responded as if I was being offensive The whole thing was done so much like a scam I felt I was completely mislead as the article says In the end it s just gambling, and they don t have the special knowledge and analysts they claim to Once you ve joined one broker, they all start ringing Because the money I invested was actually a housing investment loan, I now have a mortgage to pay the bank The promises and antics of these companies are completely reckless, amoral and close to criminal in my opinion. Well, first of all before investing a dime to any broker one has to do his homework on the brokers, because due to large number of new brokers joining the industry every day as 12,500 is all it takes to become a binary option broker There fore choosing a binary options broker with an established background and reputation plays a vital role in trading 2 Binary Options trading carries significant risk Never invest more than you can afford to lose Any statements about profits or income, expressed or implied, do not represent a guarantee Your actual trading may result in losses as no trading system is guaranteed The past performance of any trading system or methodology is not necessarily indicative of future results Do these phrases sound familiar Any broker has its disclaimer about the binary options trading risks, atleast you have been warned Again Never invest more than you can afford to lose Now, binary trading is not gambling if you have worked out your trading strategy, money management and control your emotions before placing a trade If done right and with patience, binary options trading can definitely be a viable option as it was commented above. Neo2 is without a doubt a scam, by association with known scammer and common crook Michael Freeman, who, having failed to scam people with his own dud software have resorted to team up with other aspiring scammers to con people out of their hard-earned money, first with a couple of pseudo Russian scientists to flog their joint-venture scam Gold Digger, and now with this weatherman So I am duty-bound to warn traders of this new scam Beware Beware of anything associated with this common thief and thug, Michael Freeman. New alert on Neo2, the latest scam concocted by the low-life scammer and thief Michael Freeman After an unsuccessful career as a fake watchdog, a dud signals provider and a vender of a variety of dirty scams, this common crook had decided to bolster his faltering fortunes by joining force with more successful scammers First he recruited two fake Russian scientists who own the Gold Digger scam, and now he has added to his team a weatherman, Jack Piers, who claims to be able to predict movements in the currency market with software for weather forecast, what a bad joke To reinforce my suspicions about this motley mob of crooks and villains, it has just come under my notice that the recommended brokers used by these scoundrels are mostly notorious scam brokers, in particular, UK Options, led by a shameless liar and conman, Sean Park As the old saying goes, birds of the same feather flock together So here you have it, a gang of unscrupulous thieves and crooks putting their filthy heads together to work out ways to deceive the public, corrupt the industry and rip off those hard-working people who can least afford it. Most brokers take advantage of their customers funds because they feel these customers don t know how to get their funds back, But trust me there are hidden ways you can get your lost funds back from the broker I was able to withdraw my 94000 from the two brokers I signed up with while trading If you have lost funds to broker that is more than 5000 please kindly let me know so I can tell you how you can get your mon ey back. Seriously guys, would you put 200k into an online bank with a fancy website No So why trust a broker Before investing in anything do some research I know it s a bit late now but for anyone else reading please, please do some research Anything that seems too good to be true probably is. With respect to binary options I always thought they were a scam I then gave them a go with CMC markets UK and I ve had some good results so far My issue with traditional trading was getting stopped out after getting the initial move correct With binaries you have fixed odds so you know exactly how much you will make or lose and you pick the time frame. Make no mistake, if you don t know what you are doing and have no rules you WILL lose everything I ve been there and done it 3 times Whoops. Demo trade then Start with small amounts of capital Do not ever throw money at people to trade for you Take the time to educate yourself and rely on your own knowledge to become successful Always check who the b roker is regulated with then check their license with the relevant authority I hate seeing people getting scammed so don t let it happen You can succeed if you have the commitment. Hi Thea, I have read your comment, and I feel I have been Scammed as well I signed up with a company called Cbinary I invested 6 500 they were always contacting me and liasing with me but since the 20th June there has been nothing I have phoned and phoned my account manager and also cant get onto the website How do I get my money back I feel like a fool I would love your help Regards Tracey. Hussain, there are two ways brokers make money trading binary options From what I understand they will just take the bet If they lose they pay out your profit of 80 and your initial investment, if you lose they take 100 of the bet So if you risk 100 they will pay you out 180 If you lose they will take the 100 Most people will lose so odds are they will always make money. Secondly, they match your trade with another traders tr ade Lets say you go long Eur usd for 100 Another trader goes short at the same time for 100 One of you will lose So the broker will take the 100 off of the loser, pay you 80 and keep 20 thus making profit That is a very simplified example, in real terms they will pools of money which is constantly filling up, paying out, banking profit etc I assume thats how they would balance their books in relation to Binaries They can t really hedge the risk as far as I am aware. If you are in the UK check out IG or CMC Although the binaries are regulated under the gambling commission, the companies themselves are regulated under the FCA so there is no issues in relation to withdrawing money etc. I don t work for a broker but I have had some success with binary options to date so I have done quite a bit of research on them. Withdrawal Problems Lost Funds There are many binary options companies which are not regulated all around Most of these offshore companies are not supervised, connected or affiliate d with any of the regulatory agencies such as the Commodity Futures Trading Commission CFTC , National Futures Association NFA , Securities and Exchange Commission SEC or the Financial Industry Regulatory Authority FINRA Many of these brokers misappropriate traders money thinking these traders will not act. Godwin Scott August 5, 2016 at 4 29 pm - Reply. trading is for everyone because when you use the right strategy, you can get up to 5000 a week I am a professional binary forex trader, i enjoy seeing my student make profit from my strategies, trading binary has been my thing, at for the last five years have been a golden years for me the market has grown phenomenally and traders are joining in the trade in multiples, The binary option have expanded and the systems have become more sophisticated and more accurate especially with the advent of automated systems profit have risen and good numbers of traders have made impressive profit from it over times within the same period of times. fra nklinbolton August 5, 2016 at 4 36 pm - Reply. Doing Trade is extremely profitable when using the right techniques and strategies and also frustrating for those without better system to trade and signal provider If you need an assistance in doing a beneficiary trade and you are losing out all your investment instead of gaining, there is still a big hope for you. What hope are you talking about. You haven t listed UBOCapital there one of the biggest thieving scammers around UBO Capital continues on with its Rip off scam They locked away my funds in an unauthorized Long term trade and refuse to release the funds But claim that I cant withdraw until I reach their Withdrawal limit How can I reach the withdrawal limit when I cant trade my own funds and their so called Professional Broker Samantha Novac wont trade them either Suggesting that she doesn t make enough on these piddley little accounts of 2 grand She didn t like it when I made more money then she did and so she locked away my funds Very professional I have submitted 4 complaints to their management and they just refuse to reply or comment As they have not provided the professional services that they offered I should be able to withdraw from their service as they have broken the business accord of not providing a true representation of what they are selling Nothing But it just goes to show what a professional scam they are running Stay away and avoid like the plague. Interesting article I agree that binary options will be growing in popularity This and social trading will revolutionize trading and open it up to a wider and inexperienced audience. Vernon Prins November 21, 2016 at 12 59 am - Reply. I am a newbie and very interest in Binary Trading, so I try to read as many reviews as possible I am curious about Sarah Hill s post on April 5, 2016, and that of Thea Terrence on May 6, 2016 Did they have exactly the same experience, with the same amounts, or is it the same person using different names, and if so, why What am I missing here. mark anthony tungpalan monaco December 7, 2016 at 4 40 am - Reply. thank you for the post but how would i know if this post was true or to just market those trader recommended at the end of this post. Do not take any Bonus offer from your broker or your manager, do not allow your broker manager trade on your behalf That is how they manipulate traders funds If you need assistance with retrieving your lost fund from your broker or Your account has been manipulated by your broker manager or maybe you are having challenges with withdrawals due to your account been manipulated Kindly get in touch with me and I will guide you on simple and effective steps to take in getting your entire fund back. Hello Sir, i wrote to your email cos im having the same issue you stated above, please help me sir i lost 70,000 Euro to Titan trade and i could not withdraw my money. Kevin Reed February 15, 2017 at 12 12 am - Reply. Amazing article about binary options and scams in the industry Here is my quick opinion If you avoid all unregulated binary options brokers and robots trading binary options can be real fun. king-wizard February 23, 2017 at 9 48 pm - Reply. Do not take any Bonus offer from your broker or your manager, do not allow your broker manager trade on your behalf That is how they manipulate traders funds If you need assistance with retrieving your lost fund from your broker contact the email above. Leave A Comment. Disclaimer Modest Money is designed to provide entertainment and information to investors and those who would like to learn about the market, personal finance, loans and more You should never use the information on Modest Money as investment advice We simply don t have enough information about you, your unique portfolio, nor your goals to provide investment advice When making investment and other financial decisions, there is one piece of advice we can give you Do your own research and think about discussing your opinions with a local, registered advisor. Most Popular. The wolves of Tel Aviv Israel s vast, amoral binary options scam exposed. Related Stories. When Dan Guralnek immigrated from Australia to Israel in 2012, he did not anticipate becoming involved in an international internet scam. I always wanted to move to Israel, says Guralnek, who attended a Jewish day school in Sydney. He was working in the administration of a factory in Australia when his boss died suddenly, and, at the age of 28, he realized it was a good time for him to move to Israel I thought, I m free, no strings attached, I can go. Guralnek enrolled in Jerusalem s Ulpan Etzion to learn Hebrew, then moved to the vibrant and bustling city of Tel Aviv, where he landed a series of minimum-wage jobs for NIS 25 a little over 6 an hour chopping vegetables in a restaurant, driving a disabled person, working the night shift at a hot-dog stand. But in a city with sky-high rents and a cost of living relative to salaries PDF second only to Japan, Guralnek could not survive He heard that jobs in an industry called binary options paid twice what he was earning, plus commission. It s gambling and we re a bookie ex-binary options salesman. As soon as I started looking for a job, I was getting calls from binary options companies every day, he recalls They dominate the job advertisement space. Nor did Guralnek have any difficulty landing a job. You walk in and they make a big show like they re assessing whether or not they want you But they want you. On the day Guralnek stepped into the lavish offices of his new employer in the seaside town of Herzliya Pituah, he knew he had arrived. View of high-tech office buildings in Herzliya Pituah December 12, 2015 Nati Shohat Flash 90. There was free coffee, free food, says Guralnek My salary was 7,500 shekels 1,900 per month, plus commission. Guralnek sat in a call center with about 50 other employees, many of whom were new immigrants fluent in a variety of languages His job was to call people around the world and persuade them to invest in an ostensible financial product called binary options The clients would be encouraged to make a deposit to send money to his firm and then use that money to make trades The clients would try to assess whether a currency or commodity would go up or down on international markets within a certain, short period of time If they predicted correctly, they wo n money, between 30 and 80 percent of the sum they had put down If they were wrong, they forfeited all the money they put on that trade Guralnek soon saw that the more trades a client made, the closer they came to losing the entirety of their initial deposit. He had been instructed to present the binary option as an investment and himself as a broker, even though he knew they would most likely lose all their money The client isn t actually buying anything What he s buying is a promise from our company that we will pay him It s gambling and we re a bookie, he says now. Before he started the job, the company gave Guralnek a week-long sales course in which he was taught enough financial knowledge to sound good to a customer who knew less than him He was also instructed in high-pressure sales tactics. They taught us how to make people uncomfortable, how to answer objections, how to keep them on the phone. The training session was known as a conversion course and the goal was to learn how to turn a telephone lead into a customer by taking their first deposit At his company, salespeople were not allowed to take a deposit of less than 250.During the sales course, the company s management gave Guralnek advice that haunted him later They told us to leave our conscience at the door. Is this legal. As the weeks passed, more and more questions formed in Guralnek s mind questions that underlined the bizarre financial netherworld he had entered Why didn t he know the surnames of his managers Why were workers prohibited from speaking Hebrew or bringing cellphones into the call center Who was the company s CEO Why was it okay for the company s Arab-Israeli staff to sell binary options in places like Saudi Arabia while other countries, like Israel, the United States and Iran were off-limits. Even wo rse, Guralnek began to suspect that beyond the poor odds customers had of actually making any money, and beyond the aggressive sales tactics, what the company was doing was downright illegal. For instance, every salesperson was asked to invent a fake name and biography The call center used Voice over Internet Protocol VoIP technology, which displayed a local phone number to customers anywhere in the world The company s website listed an address in Cyprus. I was told to tell people I had years of experience in the market, that I had studied at Oxford and worked for the Bank of Scotland. Guralnek says he was told to present himself as a broker who made a commission on the trades and to emphasize how much money the customer could make while downplaying the risk In fact, rather than helping customers to make smart trades, the broker s true interest was for them to make unsuccessful predictions and lose their money. Guralnek says he was also increasingly disquieted by what happened when the clients tried to quit That s when they would be asked for a lot of paperwork. We would say, You want to withdraw OK We need to verify your identity before we can release the funds You need to send us a photocopy of your utility bill, your driver s license, your passport, your credit card requirements, needless to say, that had not been mentioned when the client put money in. While the customer was gathering and submitting this paperwork, a retention agent would call them and go through their trades, purportedly figuring out what went wrong and convincing them to continue trading We could delay that withdrawal for a long time. Why should I be blamed for selling something to stupid people If someone is over 18 and wants alcohol, cigarettes, a knife, a binary option account, it s his own responsibility Facebook post. If a customer was persistent, says Guralnek, very often the company would stop taking their calls, or send them an email saying we suspect you of fraud and freeze all their funds Because the customer didn t know the real name or location of their salesper son, they had nowhere to turn to get their money back, explains Guralnek. But the grimmest part of the job for the young immigrant was asking for money from people who seemed poor and dejected. They believe they re doing something good They re making an investment, doing something responsible And they re not Every story is sad Everyone s got people depending on them Lots of people are finally getting back on their feet after a drug problem or something. The worst was when a client told him, I m in hospital. When someone says I m in hospital and I have cancer, we re supposed to still sell them But I would throw the sale every time I couldn t do it. A vast, dishonorable industry. If you type the words binary options or forex into Facebook groups that cater to new olim immigrants to Israel , you will encounter long threads of heated exchanges. Do any of you who are involved in Forex Binary options realize that this is a highly unregulated business that it is soliciting gambling to misinformed or uneducated persons reads one such post in the popular Secret Tel Aviv group. Why should I be blamed for selling something to stupid people a woman replies If someone is over 18 and wants alcohol, cigarettes, a knife, a binary option account, it s his own responsibility. Would you sell it to your grandmother the original poster fires back. In the Keep Olim in Israel Movement Facebook group, a woman writes, Hi all, can someone explain to me what are Binary and Forex jobs and why people are so anti-working in these industries in Israel. This field is dishonorable, reads one reply I ve done it and I felt nothing but shame and self-loathing for harassing people who never asked for this call and trying to get money out of them that they re unlikely to ever get back. If you don t like it, don t do it, reads another Work what you feel is an honest job, make your 6,000 shekels approx 1,500 a month take away, spend it half on rent and live like a rodent with the rest of it He continues, While the Binary and Forex industry and I pay 50 taxes on our salaries to pay for your health care, social security, and security, I can speak for all of us, we don t need to be judged. No one seems to know precisely how big the binary options and forex industries are in Israel Not even the Israel Securities Authority, which, when posed the question, responded via text message, As the industry is still unregulated, we don t have the full picture. But conservative estimates put the number of people employed in the industry at several thousand, mostly in Tel Aviv and its suburbs like Herzliya and Ramat Gan, while annual revenue could be anywhere from hundreds of millions to over a billion US dollars. Globally, the term forex normally refers to legitimate trade in foreign cu rrency, while binary options is the name of a financial instrument In Israeli popular parlance, however, binary options and forex are often lumped together as part of the same industry When Israelis refer to forex companies, they often mean companies that trade the binary options on currencies Sometimes the terms Forex and binary options are used interchangeably to refer to rapid, all-or-nothing trades on a range of assets. At some binary options firms, the online platform is manipulated to provide false results that ensure the customer loses. The trading process can work as follows, The Times of Israel was told Having transferred their first financial deposit to the company, customers log in to an online trading platform, as directed by the company s salespeople, and place money on a prediction that the price of a currency or commodity will go up or down on international markets in, say, the next five minutes If the customer predicts correctly, he makes a profit of a certain percentage and the company loses money If the customer is wrong, he loses all the money he placed on the trade, and the company keeps it Professional options traders consulted by The Times of Israel said that even a financial genius cannot predict with any confidence what, say, the price of gold will do in the next five minutes rather than an investment, the transaction is really nothing more than a gamble. The misrepresentation of gambling as responsible investment would be bad enough. What s worse, though, and blatantly corrupt, The Times of Israel was told, is that, at some companies, the house is bent A variety of ruses are used The potential payout for a correct prediction is complex, opaque and calculated to minimize the company s loss If an asset is behaving in a predictable way say, the price of copper starts to climb following an earthquake in Chile the company will pull that asset from the online platform At some binary options firms, the online platform is manipulated to provide false re sults that ensure the customer loses. Estimates of the number of binary options and forex companies in Israel vary from 20 to several hundred The IVC Research Center, a company that provides information about Israel s technology sector, estimated in its 2015 yearbook that there are 100 online trading companies in Israel, the overwhelming majority of which fall into the categories of forex and binary options IVC estimates these companies employ more that 2,800 people in Israel However, the yearbook states, it s difficult to gauge the actual size of the online financial trading industry in Israel, in part because the industry is low-key and its Israel nexus is often understated. The lobby of TheTime Startup Incubator in Tel Aviv Photo by Eytan. A 2014 report on the Israeli Internet industry by TheTime startup incubator says that of the 90 Israeli Internet companies earning revenue of 10 million or more per year, 15 were online trading platforms, many of them trading forex and binary options Three of these, according to the report, were assessed to have revenue of at least 100 million a year Some other companies on the list included iForex, bForex, AnyOption, 4XPlace, Optionbit and Banc de Binary Based on these assessments, the Israeli forex and binary options industry has annual turnover in the hundreds of millions, possibly even billions, of dollars. How many are fraudulent. It is anyone s guess what percentage of online financial trading companies engage in unethical, illegal and or fraudulent practices One distinction many people interviewed for this article drew was between unregulated and regulated companies. Several large, better-known companies with Israeli founders or major sales and marketing operations in Israel are regulated in Cyprus, which gives them license to sell financial products in individual EU countries even if they are not regulated in those countries. Many forex and binary options companies operating in Israel, however, are unregulated. Sam C a recent i mmigrant to Israel from the United States, describes his experience working in an unregulated binary options company last summer. Many customers had clicked on an ad hawking ways to earn money from home They actually believe that they re going to become a millionaire just by doing this former customer service staffer at a binary options firm. They make it extremely, extremely hard for customers to withdraw their money, says Sam, who worked in customer service and who asked that his real name not be used. You have to find a copy of your driver s license, a copy of your utility bill and there are so many rules and requirements Half of the calls I had to deal with were just people complaining, saying that it s been months and I need my money now I need it to pay for this or that Pretty much the company just refuses to give it up. In fact, Sam says he cannot confirm that any customer ever received payment or withdrew their money during his few months working at the company. People would call back and call back And eventually, sometimes one of my managers would say, Don t take that person s calls anymore and close his account They would say, We re done with him and all the money doesn t matter Don t take calls from him anymore. Most of the customers of Sam s company were from the United States, even though it is against US law for companies to sell binary options to US citizens in this way Additional clients were from Africa, Qatar and Saudi Arabia Many had clicked on an ad hawking ways to earn money from home or watched a video that claimed to reveal secret investment strategies. The majority seemed to be the stereotypical dumb person, recalls Sam You don t even realize that people like this exist outside of movies They actually believe that they re going to become a millionaire just by doing this And it s almost sad. Asked about his managers, Sam said they were young Israelis who appeared to think it was cool to rip people off. Leonardo DiCaprio as Jordan Belfort in a scene from 2013 s The Wolf of Wall Street Paramount Pictures and Red Granite Pictures, Mary Cybulski. They seemed like they had just watched The Wolf of Wall Street and wanted to emulate the characters The banter they would have, would be like, oh yeah, I can t believe he fell for that, I can t believe you got him to invest 300.Sam says one his managers would actually quote Leonardo DiCaprio s sales pitches from the movie verbatim over the telephone when trying to sell binary options. Hello, John How are you doing today You mailed my company a few weeks back, requesting information on an investment that had huge upside potential with very little downside risks, he would quote from memory Does that ring a bell. I thought it was kind of pathetic, to be honest, recalls Sam. Manipulating software. In 2013, the United States outlawed the marketing of binary options to its citizens, except on a handful of regulated exchanges On its website, the Commodity Futures Trading Commission CFTC , an independent US government agency, alerts investors to fraudulent schemes involving binary options and their trading platforms These schemes allegedly include refusing to credit customer accounts, denying fund reimbursement, identity theft, and manipulation of software to generate losing trades. Trading binary options can be an extremely risky proposition, warns another US-based regulatory agency, the Financial Industry Regulatory Authority FINRA , on its website Unlike other types of options contracts, says FINRA, an SRO that regulates member brokerage firms and exchange markets, binary options are all-or-nothing propositions When a binary option expires, it either makes a pre-specified amount of money, or nothing at all, in which case the investor loses his or her entire investment Trading binary options is made even riskier by fraudulent schemes, many of which originate outside the United States. In Israel, many so-called forex companies are actually selling binary options, meaning that a client bets on whether a currency will go up or down, rather than buying the currency, Jared K a former Wall Street broker explains to The Times of Israel. Traditional forex is I buy at 3 50, I sell at 3 60 Binary forex that is, forex in the world of binary options is saying if it goes to 3 60 I win money, let s say 20 more than I bet, but if it goes to 3 50 or lower, I lose. Trading binary options is made even riskier by fraudulent schemes, many of which originate outside the United States US government warning. Graham P who currently works in marketing for a large, Cyprus-regulated binary options firm in Tel Aviv, says he knows about efforts to manipulate software as described by the CFTC cynical intervention by binary options firms to ensure they win, the industry s equivalent of a rigged roulette wheel in a casino. I spoke to a guy I was potentially going to work with, and he had actually developed a binary options platform He said that everyone he met who was interested in buying the platform to start their own company wanted him to create a back door. By back door, Graham means that companies want to be able to manipulate a trade at the last minute if a customer or group of customers appears to be winning too much. Let s say 70 percent of the traders are for some reason betting that oil is going to go up So then the companies say, gee, if we make just 30 percent win, we ll be able to keep a lot more money And the algorithm does that It s very easy to tell the customer, oh, the line fell a little bit below your position. If the customer brings proof that the price of oil did actually go up to where they predicted it would, the company will point them to the fine print, which states that the company has its own algorithms which may differ from real-time. Trading rates assigned to the assets on our website are ones at which our company is willing to sell binary options to its customers at the point of sale, reads a typical disclaimer on many binary options websites As such they may not directly correspond to real-time market levels at the point in time at which the sale of options occurs. Graham, whose company is regulated in Cyprus, said that in his view the entire binary options industry is fraudulen t If so, this represents cynical and systematic corruption on an huge scale dwarfing such damaging scandals as the illegal hawking of Dead Sea products by Israelis at kiosks in malls around the world unconscionably allowed to flourish, with extremely grave potential repercussions for Israel. For some crazy reason it s legal in Europe Individual European nations are letting binary options fly While countries like the United States smelled the bullshit a long time ago and made it illegal. Graham said that on a gut level, he would like to see the industry shut down, but he is worried. There s so much money pouring into the city it s literally an industry here I m including forex too It s probably paying for the subway system we re installing Can you imagine thousands of people in Tel Aviv out of work. General view of Tel Aviv on December 27, 2010 Abir Sultan Flash 90. A bad reputation. Chaya Berkowitz, an eight-year veteran of forex companies in Israel, tells the Times of Israel that her own experience in the industry has been good I m not oblivious I m aware that it has a very bad reputation I don t think that s 100 percent justified. Berkowitz asserts that there are legitimate companies in the industry, and rattles off the names FXCM, Alpari and FXPro, none of which are based in Israel. If you have ten forex companies, probably six or seven of them have bad reputations that give the others a bad name It s unfortunate because the others take their business seriously and do care about their clients, she says. Asked if those six or seven are guilty of fraud, Berkowitz avers, I wouldn t say they re committing fraud They have the reputation of lying to their clients and misleading advertising That definitely exists, but there s a reason some of the big brokerage firms are still around It s because they usually play by the book otherwise they re not around very long. Berkowitz estimates that in legitimate forex companies, two or three out of 10 clients do earn profits and are able to easily withdraw their money Asked how to tell if a company is legitimate, she says, I would look for tougher regulation, not a company regulated on some island somewhere but regulated in the UK, the United States or Australia. Cyprus, she claims, has become stricter in recent years It s becoming a more recognized regulatory agency. I would also ask friends or other investors Personal word of mouth is huge I would do my homework Look online to see who has a good reputation I would ask questions when researching a broker Do I have easy access to my money Do you offer education. Reeling the customers in. After getting her Master s degree in Israel and marrying an Israeli, Lynne R a native Californian, began looking for a job, but was disappointed by what was out there. It was really shocking to me, once I started going to companies, to find out how low the salaries were I wanted to find something more competitive, more similar to what I was earning in the United States. People kept mentioning to Lynne that binary options jobs paid well She posted the fact that she was looking into a couple job sites on Facebook, and I probably had 25-30 people call to set up interviews. Lynne went on five or six interviews, where she learned she was eligible for two types of jobs. Ramat Gan s Moshe Aviv Tower, Israel s tallest building, houses many binary options companies Simona Weinglass Times of Israel. There s conversion and retention For the conversion jobs they were telling me I would make around 15,000 shekels 3,850 a month and for retention jobs they told me I could make 30,000 to 40,000 7,700 to 10,250 a month. At each interview, Lynne probed extensively as to the nature of the job Each company has its own marketing methods, often involving videos that tell the story of a person who learned a secret method of extracting money from the market, she says One firm told her it attracted customers with a robot. They said, basically we use a program, which we call a robot We market it to people and we say it can make small trades for you, like 100 or 200, and there s an Internet program that will do, you know, some magic and make you a few hundred extra dollars a month. Lynne s job would be to call people who had paid 200 to use the robot, and persuade them to deepen their involvement. You call them and you say, well, you have this robot, but it s not actually that great of a program it was sold to you by an affiliate of ours If you want to make serious money, you need to start trading, and we can tell you how We re expert traders All you need to do is make a bigger deposit, and you ll get a personalized account with us and a personal trader All you need to do is make a deposit of 500 and we ll get you started. Lynne was eventually offered a retention job, and was enrolled in a two-week training course The first thing she was told was to never reveal she was calling from Israel All retention staf f were asked to pose as trained brokers working out of a London office They were required to brush up on the day s weather in London as well as what was happening in the news. You had to make yourself a biography You needed to think of a business school and say that you went there You needed to say that you were a trader, that you had worked for either an investment bank or on Wall Street If you re a woman, they encourage you to say you re single because guys will more likely deposit with you If you re a guy, you want to have a wife and two kids, because that makes you relate-able. The company, she said, was regulated in Cyprus The industry is certified for Europe, but you re not heavily regulated It s a way to be EU-accredited without a lot of oversight Finance Magnates, a trade publication of Israel s online financial trading industry, has written in the past that Cyprus has a reputation for lax regulation. When we offered training to them, we would share their desktop and walk them through the website We were told to look around their desktop for pornography or online slots or other signs of compulsive behavior, because that means they re more likely to mak e a deposit former binary options retention agent. Lynne says her company s selling point, which it bragged about, was that it was more ethical than other binary options companies If someone asked to withdraw their money we would give it to them within 48 hours, she says. When Lynne started playing with her company s binary options platform, she realized it was fun and addictive, almost like a gambling game. There was lots of adrenaline. If you put money in your investment account today, it might give you 3 to 6 percent returns In binary you see 70 percent coming in right away. If conversion agents were expected to get a client to make their first deposit, retention agents like Lynne were tasked with bringing in the big money The first step was to size up the customer. They told us to look up people s homes on Google Maps to see how rich they seemed and to check their credit card information to see if they had gold or platinum status Also, when we offered training to them, we would share their desktop and walk them through the website We were told to abuse that access and look around their desktop for pornography or online slots or other signs of compulsive behavior, because that means they re more likely to make a deposit. You call someone and you tell them my name is Jane Smith, I m calling from London where I m an investment banker for this amazing firm I m calling to talk to you about how much you actually want to make We see that you ve invested 300 but we both know 300 is not going to make you anything So what is it you actually want to make in a year. So people would say, I want to make 100,000 I want to buy a house or I want to travel. They tell you something that they want and then you say, so it will probably take you 6-8 months to achieve that If you want to achieve it you need to trade every day I m going to be working with you I m going to give you information about which picks to make every day. Lynne said the broker would check in with customers regularly, encouraging them, teaching them about the market, and offering tips When the broker chose a stock for them to bet on, the stock would often perform as promised When they got on the platform and made their own picks, they started losing Then the broker would come back and help them make some good calls, and they would win again. So basically you come across as this really great trader, but in reality you are just trying to make the volume of trades be as high as possible. The next step, recalls Lynne, was to ask for a 10,000 deposit. Customers usually balk and say There s no way I want to deposit 10,000 So you pressure them and say If you re not really serious about making money, then why are we talking right now Traders try everything Some are really sweet, some try to identify with them, some try to make them feel awkward whatever the technique is that gets them to deposit The favorite technique is to say, If you deposit 5,000, I will give you a 5,000 bonus Customers hear that and they say That s insane I m going to deposit. But the bonus, explains Lynne, is a trap. You re not allowed to withdraw any of your money until you use that bonus money something like 30 to 40 times over Let s say I give you a 1,000 bonus You would need to trade that until you made at least 30,000 profit off of it, and then you can withdraw your money But you will never get to that amount Let s say you make 10,000 off of it and you say you want to withdraw, in the contract it will say you can t withdraw You can take your original money out, but you can t take the bonus or the money you earned with the bonus. So clients get stuck in the system, because they don t want to lose all their money, and by the time they trade 30 times the amount of the bonus, they ve lost everything. The longer you trade, the more money you lose, says Lynne You can t go that far typically and be successful. However, Lynne says again, with her company, if you resisted the temptation to take the bonus, and if you put in a request, the company would send you your money. They really bragged about the fact that they were good about giving people their money right away In fact, they encouraged people to take small withdrawals If a customer had 10,000, they would say, why don t you take 2,000 and take your wife on a small trip It s very calculated with how much they re giving out and how much leeway to try to give the customers. Lynne quit her binary options job soon after the training course because she said she couldn t stomach taking the savings of schoolteachers and truck drivers Asked whether she thought what she had been assigned to do was unethical or illegal, she replies It was certainly unethical When I tell people about this job, they are shocked They say, that could never be legal, there s no way Israel would ever allow that. Economic terrorism. In November 2014 a man by the name of Ariel Marom, who described himself as a former employee of several companies in the forex industry, sent a strongly worded letter to both the Finance and the Ethics committees of the Knesset, as reported in Israel s financial daily Globes. Israel s parliament, the Knesset, January 19, 2016 Photo by Yonatan Sindel Flash90. I am calling on the regulator in charge of banking services and the Knesset Finance Committee to immediately take action to stop the wave of plundering, theft, fraud, money laundering, and crime on an international scale that is managed and operated in Israel that is hurting thousands of customers around the world. Marom described the forex industry as economic terrorism targeting the citizens of many countries. When this information becomes public knowledge through investigative reports by the media, which is bound to happen sooner or later, Israel s status in the world will be damaged and it will unleash a wave of hatred toward the Jewish people and Israel, causing tremendous damage. When this information becomes public knowledge through investigative reports by the media Israel s status in the world will be damaged and it will unleash a wave of hatred toward the Jewish people and Israel, causing tremendous damage letter sent to Knesset committees. Marom said in the letter that he had been searching for a job in recent months and as a Russian speaker had interviewed with forex companies that operate in Israel and target customers abroad He said he was surprised at the sheer magnitude of the fast-growing industry. There are hundreds of jobs currently available to Arabic, Russian, English, Spanish and French speakers as these companies seek new workers for their expanding departments. Marom added that after years in the traditional banking industry, he was shocked at the practices he witnessed in several forex companies. In the absence of any regulation, they are simply robbing customers Many people compare forex to a casino, but it s worse than a casino A casino hands you your winnings immediately Forex companies and I m talking about most of them simply do not allow people to withdraw money. Marom goes on Many forex customers have no idea that the company operates from Israel, especially when we re talking about the Arabic-speaking desks Their complaints never reach our justice system and so the industry is not exposed How is it possible that this has been happening for years, with no local regulation What happens when thousands of Turks, Russians, Spaniards, Italians and French figure out that the scam they fell for was carried out from here, in Israel Are our regulators waiting for synagogues to start blowing up all over the world to shut this thing down. It is not clear what the Knesset Finance Committee did in response to Marom s letter The Times of Israel tried to track Marom down, but the CEO of FeeX, a high-tech startup he used to blog for, said he had not heard from Marom for a few years and had no contact information Marom s LinkedIn profile placed him at a high-tech company in Brazil where no one who answered the phone seemed to speak English A phone call to an Ariel Marom listed near Haifa was answered by a woman who said her husband is an astronomer, not a finance professional. You re the third journalist who has called looking for Ariel Marom in the last two weeks, she said Now I m curious. The Times of Israel asked for the help of SixGill, a cybersecurity high-tech firm that specializes in the dark web, to track down Marom, but after a brief automated search, Tommy Ben-avi, a senior analyst at Sixgill, concluded that either Ariel Marom is not his real name or he doesn t want to be found. The cyber intelligence company did, however, make some interesting observations about the forex and binary options industries Ben-avi mentioned several companies known to be operating from Israel. This industry is a bit shady It s hard to get to the owners and CEOs of some of these companies Most of the time, when you have a company that large, you can see the owner, you can see the shareholders. Ben-avi conducted an automatic search with a system that scours hundreds of thousands of sites and closed dark web forums It seems like they re trying to hide their identity Maybe a few companies have the same owner, and they want to hide that fact, he mused Or maybe their business is not 100 percent legitimate. How it s done on Wall Street. Jared K a licensed stockbroker from the United States who now lives in Tel Aviv, says that he sees several problems with the local forex and binary options industries. On Wall Street, brokers are regulated, transactions are regulated, the money is regulated Where is it coming from and where is it going There are rules as to how someone can access money in a claim. I am shocked that Israel hasn t shut this down US-licensed stockbroker who lives in Tel Aviv. Furthermore, says Jared, in the United States, a license to sell securities or handle client investments would require a person to meet certain ethical standards If they don t look out for the best interest of their client s investments, it is a criminal offense. On Wall Street I can t put someone in an investment that doesn t fit them That is fraudulent If I called up your parents and said put money in this investment and they lost it all, in theory I could be arrested and go to jail. Binary doesn t have that, there are no repercussions What happens if someone loses money Nothing. I am shocked that Israel hasn t shut this down, he sums up. A product that invites fraud. Yaron Zelekha, Israel s former accountant-general, became known as the country s foremost whistle-blower in 2007 when he exposed the financial improprieties of a sitting prime minister, Ehud Olmert. I personally would not advise any Israeli to trade with any of these companies Yaron Zelekha, Israel s former accountant-general. Zelekha told The Times of Israel that he doesn t want to tar all its players with the same brush, but that binary options and some instruments related to forex are designed in a way that creates a strong incentive for fraud. There is a very wide information gap between the public and these players, and they are exploiting it to their advantage The broker is not giving you a service like in a bank he is personally betting against you This is a flagrant conflict of interest, because you re betting on something, and the person reporting the outcome wants you to lose. Such circumstances invite fraud, says Zelekha, and there is no small number of companies that simply defraud the customer Sometimes that fraud is very sophisticated. Israeli economist Yaron Zelekha, Yossi Zeliger FLASH90.Asked whether the entire industry should be shut down, Zelekha responds, There is no need to throw out the baby with the bathwater, although I personally would not advise any Israeli to trade with any of these companies. What the industry does need, he says, is real-time regulation He says there is software that can now do real-time monitoring of a company s transactions. The Israel Securities Authority ISA must have real-time access to these companies computer systems. Zelekha says the ISA has fought a long battle to regulate the online financial trading industry They deserve credit for their efforts, although the regulation won t be effective if it isn t done in real time. ISA We probably won t allow binary options. The Israel Securities Authority is housed in a 1920s Eclectic-style building in one of Tel Aviv s loveliest neighborhoods, near the stock exchange Itzik Shurki, director of the ISA S Exchange and Trading Platforms Supervision, is a soft-spoken man, but he has harsh words for binary options. Shurki says a new law to regulate online financial trading industries went into effect in May 2015 The companies that wanted to continue to offer their products to Israeli customers had to request a license from the ISA Twenty-one companies requested licenses One was disqualified, because its controlling shareholder, Aviv Talmor, had fled to Cyprus to escap e arrest for alleged financial misdeeds Talmor has since returned to Israel and is currently under house arrest Two other companies withdrew their applications, leaving 18 Of these, four are primarily binary options companies, while the others seek to offer other types of CFDs, or contracts for differences, as well. With binary options we ve already informed the companies that our intention is probably not to approve this product Itzik Shurki of the Israel Securities Authority. Almost a year later, none of the applicants has been approved Shurki says that the industry is currently in a transition period while the ISA reviews the applicants During this period, the 18 companies have permission to continue to operate. If we decide yes, they will become fully regulated companies if we decide no, they will have to stop their operations. Which way is the ISA leaning With binary options we ve already informed the companies that our intention is probably not to approve this product Its basis is problematic Because ultimately I don t want to use the word gambling because it is a financial product but in the way it is offered and in the short time frame, and with all its complexity, in our view it brings it closer to a guessing game than a financial product where you can evaluate its worth. Itzik Shurki of the ISA Courtesy. CFDs, or contracts for differences, a high-risk financial instrument that is also banned in the United States except on registered security exchanges, will be allowed in Israel, says Shurki However, Shurki says CFDs will be regulated in real-time and aggressive or deceptive sales tactics will be rendered illegal The ISA will monitor the prices of every product offered to make sure they are transparent and fair traders will need to be licensed and traders will also be prohibited from offering advice or tips to their customers. You can t be in a position to give advice when their earnings are your loss, Shurki explains. This all sounds quite impressive Once the ISA makes it decision, one might be forgiven for thinking, the binary options fraudsters will be out of business But there s a catch a great big catch that potentially excludes the overwhelming proportion of binary options trading from effective supervision in Israel The new regulations apply only to companies that target Israeli customers If a binary options or forex company targets customers abroad exclusively, it will not be regulated by the ISA Thus, to ensure that the new law not apply to them, companies need only exclude Israeli clients. A quick visit to the websites of several binary options firms does indeed prompt messages saying the service is not available to Israelis. Shurki says he is aware that the new re gulations will not solve the problem of call centers that are defrauding people abroad, but says that such activity is not under the ISA s jurisdiction, in the same way that the Financial Conduct Authority FCA only protects British citizens and the CFTC only protects Americans. If an American company tried to sell securities to Israelis, it would be our job to protect our citizens, not the Americans responsibility, he explains, although he adds that the ISA does have very good information exchanges with its foreign counterparts. Yes, but when an Israeli company steals from people in another country, is that not a crime. It is a crime, says Shurki, but it s not a crime for his authority to investigate There s no such thing as a vacuum of authority If an Israeli commits fraud or misrepresentation, that s the purview of the Israel Police. The French connection. Perhaps nowhere is the hand-wringing and acrimony over Israel-based forex and binary options trading more anguished than in the community of French Jews living in Israel. In January of this year, a cover story of the French-language Israel Magazine , a monthly glossy magazine and website serving the French-speaking community in Israel and the Diaspora, was titled, Forex, is it kosher. A generation of young people is in the process of perverting themselves into worshipers of the golden calf journalist in a piece warning about Forex. In the introduction to the piece, journalist Andre Darmon writes, The point of this article is not to point a finger at some of our fellow citizens or co-religionists, because the phenomenon is global, but to raise awareness that a generation of young people is in the process of perverting themselves into worshipers of the golden calf And that earning a living does not mean everything is permissible. These call centers hire lost young souls, writes journalist Ilana Mazouz in Alliance, a French-Jewish Internet magazine, many who do not speak Hebrew or English, and for a short time provide the illusion of a normal life in Israel. Some rabbis have forbidden people from working in the industry, calling it theft, while rabbinic lectures on the Internet in French bear titles like Forex, dirty work and Amalek. Again, numbers are hard to come by for how many young French speakers are employed in the industry Didier F a French-Jewish businessman, told The Times of Israel that after he graduated from the IDC-Herzliya, many of his fellow students were recruited by forex and binary options companies. Didier asserts that many owners of forex websites are members of a French-Jewish community of conmen who are hiding from French law enforcement in Israel, where the police, he alleges, don t bother them over-much. As previously reported in The Times of Israel, about 10 recent immigrants from France we re charged last year with cyber crimes and telephone scams, while France has reportedly sent Israel 70 additional formal requests for judicial assistance for cases of suspected fraud A movie was recently made in France about one of these alleged fraudsters The movie is called Je Compte sur Vous, French for I m counting on you. I love when they say French aliyah has increased so much now it s 7,000 people, says Didier It s great, I m happy about it But then you see that many of them are working in the forex industry or binary options industry You go to Tel Aviv today, when you say to someone in the French community, I work in finance, they immediately think that you work in this shit. Adds Didier Even if it s a small amount of money, they re stealing money from poor people It s destroying families Some people have killed themselves. According to a report in Le Nouvel Observateur, a French news weekly, l Autorite des Marches Financiers, the French securities authority, received a staggering 4,500-plus complaints about forex and binary options fraud in 2014 Those forex and binary options complaints constituted 37 percent of all complaints about securities fraud received by the authority in that year The majority of the forex transactions that prompted those complaints originated in Israel, the article claims. What does Google have to do with this. There is yet another piece of the binary options empire, and it relates to the way Israeli firms manage to reassure customers of their ostensible integrity, via Google. Let s say you are a potential binary options customer A company has approached you about making a deposit, but you are not sure, so you decide to do your homework You Google, Are binary options legitimate. You will get a list of results, one or two of which may be fraud warnings from the US regulatory body, the CFTC The first few pages of search results, however, are dominated by sites that purport to warn you away from scam binary options sites and steer you toward legitimate ones Upon closer examination, however, many of these helpful sites themselves turn out to be affiliates of the binary options companies. Next, you might Google, Are binary options legal in the United States Once again, many of the top results turn out to be websites affiliated with the industry itself, rather than an objective source of information Some of these sites offer misleading statements and half-truths like There are at this moment no laws both on the federal and state level that forbid US citizens from trading binary options online. US law banning binary options is directed at the companies that market them, not the customers who buy them, so there is some truth in that statement However, the SEC and CFTC clearly warn investors that they may not have the full safeguards of the federal securities and commodities laws if they purchase unregistered binary options that are not subject to the oversight of U S regulators. Aerial view of the coastal city of Herzliya Pituah, July 21, 2010 Moshe Shai FLASH90.Many countries, including Canada, publish updated lists of unregistered binary options companies that solicit customers in Canada in violation of the law A recent Canadian list is here The list features 37 companies The Times of Israel went to the website of each company on this list Some were no longer in operation Others blocked users from Israel presumably to avoid trouble with the Israel Securities Authority One now hosts a porn site Most were hard to pin down to a geographic location However, based on first - and secondhand sources, The Times of Israel suspects that more than half of these companies, if not the overwhelming majority, operate from Israel. Investing with offshore companies operating outside of Canada can be risky and is a common red flag of investment fraud, the Canadian Securities Authority warns Yet if you Google Canada, binary options, blacklist, once again, many of the top search results appear to be industry-affiliated sites, some of which recommend as legitimate the very same sites that are on the Canadian government s blacklist. Bryan Seely, a Seattle-based cybersecurity expert, tells The Times of Israel he is not surprised to hear of these Google search results, which, he explains, show Google s search engine being manipulated. Bryan Seely Facebook. Google doesn t make a point of censoring stuff you can find drugs, you can find steroids, you don t have to go to the Silk Road Google indexes the Internet and ranks things where it ranks them. Asked why, if this industry allegedly has so many victims, their voices don t show up higher in Google rankings, Seely says, the victims aren t as good at promoting what happened to them as the people in the binary options industry are at promoting the stuff they re selling The victims aren t all going to each other s pages so each victim s page would typically have only a low Google ranking. Seely, who has been battling to raise public awareness of massive search engine manipulation in the locksmith industry another area, incidentally, where systemic fraud in the United States, with large-scale Israeli involvement, has caused scandal in recent years adds, here s the underlying issue Is Google safe to use Or Bing. What he s really asking, when it comes to the binary options industry, is whether sea rching Google will lead a potential investor who fears being defrauded to the independent, credible and accurate information he is seeking The answer, it would appear, is no. Search engine optimization and the secret of success. Over the last decade, Israel earned the nickname start-up nation for its high-tech prowess But not many people are aware that the country is also a global leader in online marketing and search engine optimization SEO , an expertise it acquired in the shadow industries of porn, online gambling and binary options, according to TheTime s 2014 report on the Israeli Internet industry That expertise has plainly been applied by fraudulent binary options firms, whose affiliated sites show up high in Google searches sending unsuspecting and naive clients their way. Yoni S an Israeli high-tech entrepreneur and SEO consultant, explains that without effective SEO, a fraudulent local player remains local, defrauding perhaps a few hundred victims in his vicinity But with the po wer of Internet marketing, the scammer s reach can go global. The Times of Israel sent Google a request for an interview about the manipulation of its search platform by allegedly fraudulent businesses in the binary options industry, but Google did not respond. What do the police have to say. The Times of Israel contacted the Israel Police repeatedly to ask them about alleged fraud in the forex and binary options industries Their answers underlined how law enforcement is struggling to grapple with the soaring, fast-moving challenge of Internet crime. If there are investigations going on into fraud, etc I don t have information on this If someone has filed a complaint to the police, then let me know, Israel Police spokesman Micky Rosenfeld replied. A second police spokesperson, Luba Samri, told The Times of Israel, We got lost in your question Please focus it more Who filed a complaint against whom. Finally, The Times of Israel called a third spokesperson, Merav Lapidot, and asked her what the police are doing about suspected fraud on a vast scale in the forex and binary options industries in Israel. Israel Police spokeswoman Merav Lapidot, November 28, 2007 Moshe Shai FLASH90. This is something you re claiming If no one has complained about it, there is no issue You want us to check every company in Israel and see if by chance they are committing crimes. Told that people who worked inside the industry have described widespread potentially fraudulent behavior on the order of hundreds of millions of dollars, affecting tens of thousands of people, Lapidot replied But no one has complained I don t know what happens in every company That s not our job You could start a business tomorrow selling jewelry over the Internet Will the police come to investigate your business. To the suggestion that there may be thousands of victims abroad, Lapidot said, If there is someone who complained, we need to check that specific complaint We re not going to check a whole issue. Is it possible that an entire industry, much of it allegedly corrupt, is slipping through the cracks between Shurki s Israel Securities Authority, which doesn t handle crimes hatched in Israel whose victims are abroad, and the police, which won t act unless specific complaints are filed with them. Zvika Rubins, a PR consultant for the Israel Securities Authority, says the law simply hasn t caught up with the dubious and crooked methods people have devised to make money on the Internet. When you talk about bits and bytes, it s not that simple Was there a crime Where did it take place For instance, let s say you have a company and it s incorporated in the British Virgin Islands and its servers are in India and it has a trading room in Israel Is it an Israeli company I don t know. Rubins, who stresses that he is not an expert on criminal law, muses that if someone in Israel commits a crime against someone in, say, France, over the Internet, then it might be the responsibility of the French to open an investigation, trace the crime to Israel, and approach the Israeli police about it. Zvika Rubins Facebook. Yoni S the SEO expert, is outraged by this approach In Israel it s against the law to murder, but if I establish a company in Israel that murders people through the Internet in Malaysia, that s okay. Seely sees the problem as extremely serious and growing We re becoming a global culture and global economy, and physical borders don t exist on the Internet It s become easier to scam people all over the world We have no protections in place to prevent it and it s getting worse. It s a jungle out there, says Yoni, referring to the fact that people do all sorts of things on the Internet that would be illegal within their own borders. The Internet came in, no one has passed any regulation yet, and now there is an opportunity to make tons of money in the jungle. A response from inside the industry. Tali Yaron-Eldar, Israel s income tax commissioner from 2002 to 2004, in 2007 founded eTrader, a binary options firm that targets Israelis, along with Shay Ben-Asulin who also co-founded AnyOption, one of Israel s largest binary options companies with revenues in the tens of millions of dollars In 2011, Ben-Asulin was indicted by the United States for securities fraud, and last month he was convicted of fraud by an Israeli court for helping an Israeli credit card company, ICC-CAL, illegally clear billions of shekels of charges from porn, binary options and gambling websites, as well as conceal the number of canceled transactions For his crimes, Ben-Asulin will do five months of community service and pay a fine of less than 1 million. Tali Yaron-Eldar Screenshot Channel 10.In a 2014 interview Hebrew with Israel s Channel 10 ne ws, when asked if she was discomfited by the fact of young demobilized soldiers and old pensioners losing all their money trading binary options, Yaron-Eldar responded Ask the people who invested and lost their money All of them knew they were entering something risky. The Times of Israel contacted Yaron-Eldar to ask her about alleged fraud within the binary options industry. To the extent that this is true, she said, it applies to unregulated companies. The companies with a license are very careful, she says AnyOption a company she is associated with has a Cypriot license It is very careful to follow the law It is being watched all the time. In Yaron-Eldar s view, and contrary to the opinions of other people interviewed for this article, Cypriot regulation is very tough, on a par with the UK s Financial Conduct Authority FCA. Asked about the fact that the Canadian government has included AnyOption on a list of companies illegally soliciting Canadian citizens, Yaron-Eldar replies, Not that I am aware of. In fact, Yaron-Eldar insists that AnyOption is not an Israeli company at all. AnyOption does not have offices in Tel Aviv It s a company that operates from Cyprus. Indeed, a perusal of reveals no references to Israel Nevertheless, it is no secret that hundreds of employees go to work each day at AnyOption s offices at 38 Habarzel Street in Tel Aviv s Ramat Hachayal neighborhood How does she explain this discrepancy. They re not working for the same company, she says They re working for AnyOption Israel, not AnyOption Cyprus The company they work for is a service provider to the company in Cyprus. In other words, AnyOption like many other binary options companies with similar corporate structures is not in fact an Israeli company, according to Yaron-Eldar s reasoning This means that it, and many others like it, is subject to Cypriot law and regulation, not Israeli law Since much of the regulated part of the binary options industry is subject to Cypriot regulation, the honesty or dishonesty of those firms may hinge on the strength and honesty of Cypriot law enforcement. Where are the victims. The Times of Israel contacted the FBI to see if anyone had complained about forex or binary options call centers in Israel, but the agency did not respond. ASIC, the Australian Securities and Investments Commission, replied in an email, We don t comment on operational matters, this includes confirming or denying if we have received complaints about a particular matter or not. A French government spokeswoman, however, confirmed that France has been having problems with forex fraud emanating from Israel. Yes, there are some cases of fraud, as you say, she said Forex is not per se a fraud but it can be used for fraudulent objectives We have had some cases between France and Israel, and we are in touch with the Israeli authorities about this There is a very good cooperation between the two countries and the two services on this issue. Back to Australia. Ariel Marom, the mysteriously disappeared former forex employee who wrote that anguished 2014 letter to the Knesset, warned of the fallout when the extent of the corruption in the binary options industry in Israel is exposed. What happens when thousands of Turks, Russians, Spaniards, Italians and French figure out that the scam they fell for was carried out from here, in Israel he asked in his letter Are our regulators waiting for synagogues to start blowing up all over the world to shut this thing down. Dan Guralnek, the Australian immigrant, has drawn his own conclusions This amount of dishonesty would never be allowed to exist in Australia , he says They would shut down the industry overnight. Guralnek recently became engaged to an Israeli woman But he hopes to persuade her to move back to Australia with him, in part because of the high cost of living that drove him to work in binary options in the first place, and in part because of the corruption he has encountered. Now I see corruption everywhere I look, he says Anywhere where there s no light shining on the corruption in this country, it feels like it s growing. the website of a Francophone synagogue near Tel Aviv s Hamedina Square, has a page on its website warning against the binary options industry, headlined Stop the Scam. Many people you know work directly or indirectly for these scam websites, reads the page, warning that binary options and the majority of forex companies operating from Israel are fraudulent It advises congregants to run away from these companies. And it issues an evidently all too necessary reminder Let us remember the eighth commandment, Thou shalt not steal.