Is binary com legit or scam?

Having any money you deposit with Binary.com means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Binary.com goes out of business for some reason. Therefore, we can safely conclude that Binary.com is secure and safe.

How much can I withdraw from binary?

2,500.00 USD
The Company also reserves the right to reject the client’s payouts without prior notice. Transfers between Binary fiat and cryptocurrency accounts are allowed up to a maximum of 2,500.00 USD or equivalent.

Are ‘over the counter’ binary options brokers worth it?

After all, with ‘over the counter’ binary options brokers, you are betting against the house; if the ‘house’ is making the trading decisions for you, it’s hardly likely that those decisions will be in your best interests. This form of “upselling” is often the most lucrative for the broker, and is usually the where traders lose the most.

What is the binary options trading sector?

In simple words, the best way to explain the binary options trading sector is that it is very similar to the gambling industry, aka the sports gambling websites or casinos. You can place a bet on just about anything that is publicly traded (oil, gold, money – see video above), depending on which binary options website you use.

Are binary options legal in the UK?

The UK’s Financial Conduct Authority (FCA) does now regulate binary options. They have already created a list of unauthorised firms. While they are not calling them scams, they are making it clear that these firms are breaking the law by trading with UK visitors – so they are best avoided.

What is a bucket shop in binary option trading?

With such binary option brokers, there is no real brokerage; the customer is betting against the broker, who is acting as a bucket shop. Manipulation of price data to cause customers to lose is common.