Are Binary Options, Forex Trading Scam?

Binary Options, Forex and Trading sites like Empire Option, BigOption, Etoro, NRGBinary, Instaforex, Plus500, XM etc. are totally Gambling Sites from our point of view. So, are they scams? We don't mean that they are scams because they pay the members as per their terms and conditions. Whoever wins the money in their Binary option games, they pay money as usual like all casino does. But they are definitely not a work home programs.

Binary Options Review, Forex Review, Trading Review

We know may be some people will not agree with us because they will think where is the game there? They will say that is totally investing money in currency, gold etc. and get back money within 60 seconds if happen what you predict.

 

But

 

Truth is bitter.

 

No one can predict like same you can't predict what cards will come when you are gambling. These companies always show they are trading sites.

 

But friends just think one more time.

 

Sign up in the program, deposit money and then start to put the money in two options (up and down) is definitely a gambling. Who can predict that any commodities will go up or down in 60 seconds. Even the top stock broker also can't predict it in fraction of seconds it goes up or down. 

 

OK, we ask you.

 

Just after 60 seconds USD price with EURO will go up or down? Within 60 seconds Gold price will be up or down?

 

Does anyone can answer this? Sure NOT.

 

So if you want to work in these companies, then you have to predict it and put your money in bet.

 

It's same like head and tails game.

 

Flip the coin, if you bet on head and if head comes, you earn 70% of your bet, if you lose then you lose 100% of your investment money. 

 

They say they are trading sites, but may be they don't know what the exact meaning of trading is. 

 

Playing games in casino is definitely not a trading.

 

So if you are fond of gambling then you can join these sites and enjoy the game. Otherwise if you are using these sites to earn money then it is better to back off. But if you have enough money to take high risk to gamble money, then you can try these sites. 

 

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Comments: 2 (Discussion closed)
  • #1

    riaz (Thursday, 04 September 2014 11:14)

    Binary options are really scary, I was almost tricked last month by a company called Opteck. I was so sure I could make the big bucks until my friend tried and lost all his money and he was a master at stock trading. He told me exactly what you said in your post "Binary options is a gamble"

  • #2

    Rajde (Thursday, 04 September 2014 13:46)

    Thanks a lot for the wonderful comment. I'm so grateful that you like my opinion on Binary Options, Forex and Trading sites.
    Keep on checking our website. We are updating our content day by day. May be some of them will helpful to you.
    We highly recommended you to report us if you find some suspicious online work. We love to investigate more sites.