Binary options information news scheme

Forex Academy. Price Action Trading. Social Trading. Founded in 2013, Binary Tribune aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. Financial Risk Disclosure. BinaryTribune. com will not be held liable for the loss of money or any damage caused from relying on the information on this site. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. This website uses cookies to provide you with the very best experience and to know you better. By visiting our website with your browser set to allow cookies, you consent to our use of cookies as described in our Privacy Policy. © Copyright 2017 &mdash Binary Tribune. All Rights Reserved.

Avoiding Scams. A lot of people are wary of trading binary options because they are concerned about falling into a scam. The fact is, there are two main types of scams out there, one more prevalent than the first. When you think of scams, you probably are immediately reminded of a Ponzi scheme, where you place your money with a broker, but that broker does not provide the services that are promised. Luckily, this only happens very rarely. You can easily avoid this by only doing business with the most highly rated brokers . There are many sites out there that write up reviews of the different brokers, and there are many places where clients can share their reviews and thoughts. Take advantage of this and you will not fall for a Ponzi scheme. The second type of scam warrants a closer examination. This happens when a broker does not offer their clients competitive rates or products. However, this is tough to spot, because brokers will often change the rates from time to time , and even from asset to asset, the rate will typically differ.

This is normal and to be expected. The problem is when a broker purposefully has a large discrepancy between what they offer and what other brokers offer. Spotting this can be tough. Even the best broker reviews cannot spot this consistently because it requires daily observation. The best way to avoid this is to compare and contrast the different major brokers for a few days before you place your money anywhere. Being proactive and being observant are the best ways to protect yourself from having a broker take advantage of a captive audience. Remember, you trade to make money for your own use , not to help a broker increase their profits. It is possible for both broker and client to profit simultaneously, so make sure you take the steps to ensure this. It should be noted that brokers often do not do this on purpose. It’s impossible for a broker to monitor each and every other broker out there. And even if they could, for monetary reasons, not all brokers can compete with each other. One easy way to avoid the minor discrepancies that creep up from day to day is to have your money deposited with more than one broker . This makes a lot of sense from a profit standpoint, too.

Because different brokers use different trading platforms, there will be minute differences in the rates, assets, and timeframes offered—plus different combinations of these things. By having your money spread out, you can always ensure that you are maximizing your profits and giving yourself the most favorable conditions. This will only help you to boost profit rates. Trading binary options is a fun and exciting way to make money quickly. Whether you are a casual trader or a seasoned professional, your first priority will be the same: you want to make as much money as possible. The obvious conclusion from this is that you need to protect your money. Avoiding scams is an easy way to do this. You do need to take precautions with this, though, especially if you are going to trade with just one broker. Spread your money out and make sure that you are always giving yourself the most favorable conditions with which you can start making more money without having to worry about increasing your knowledge or your skills as a trader. This simple act of observation can increase your profit rates by a few percentage points, and this will truly add up to big earnings over the course of a few weeks. The Risk is very high when it comes to trading.

Make sure you understand what is at stake before putting any money to work. You could lose your whole investment account. CFTC Fraud Advisories. The Commodity Futures Trading CommissionЂ™s (CFTC) Office of Consumer Outreach and the Securities & Exchange CommissionЂ™s Office of Investor Education and Advocacy are issuing this Investor Alert to warn about 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. Binary options differ from more conventional options in significant ways. A binary option is a type of options contract in which the payout will depend entirely on the outcome of a yesno proposition. The yesno proposition typically relates to whether the price of a particular asset that underlies the binary option will rise above or fall below a specified amount. For example, the yesno proposition connected to the binary option might be something as straightforward as whether the stock price of XYZ company will be above $9.36 per share at 2:30 pm on a particular day, or whether the price of silver will be above $33.40 per ounce at 11:17 am on a particular day. Once the option holder acquires a binary option, there is no further decision for the holder to make as to whether or not to exercise the binary option because binary options exercise automatically. Unlike other types of options, a binary option does not give the holder the right to purchase or sell the underlying asset. When the binary option expires, the option holder will receive either a pre-determined amount of cash or nothing at all. Given the all-or-nothing payout structure, binary options are sometimes referred to as Ђњall-or-nothing optionsЂќ or Ђњfixed-return options. Ђќ. Binary Options Trading Platforms.

Some binary options are listed on registered exchanges or traded on a designated contract market that are subject to oversight by United States regulators such as the CFTC or SEC, respectively, but this is only a portion of the binary options market. Much of the binary options market operates through Internet - based trading platforms that are not necessarily complying with applicable U. S. regulatory requirements. The number of Internet-based trading platforms that offer the opportunity to purchase and trade binary options has surged in recent years. The increase in the number of these platforms has resulted in an increase in the number of complaints about fraudulent promotion schemes involving binary options trading platforms. Typically, a binary options Internet-based trading platform will ask a customer to deposit a sum of money to buy a binary option call or put contract. For example, a customer may be asked to pay $50 for a binary option contract that promises a 50% return if the stock price of XYZ Company is above $5 per share when the option expires. If the outcome of the yesno proposition (in this case, that the share price of XYZ Company will be above $5 per share at the specified time) is satisfied and the customer is entitled to receive the promised return, the binary option is said to expire Ђњin the money. Ђќ If, however, the outcome of the yesno proposition is not satisfied, the binary option is said to expire Ђњout of the money, Ђќ and the customer may lose the entire deposited sum. There are variations of binary option contracts in which a binary option that expires out of the money may entitle the customer to receive a refund of some small portion of the depositЂ”for example, 5%Ђ”but that is not typically the case. In fact, some binary options Internet-based trading platforms may overstate the average return on investment by advertising a higher average return on investment than a customer should expect given the payout structure. For instance, in the example above, assuming a 5050 chance of winning, the payout structure has been designed in such a way that the expected return on investment is actually negative , resulting in a net loss to the customer. This is because the consequence if the option expires out of the money (approximately a 100% loss) significantly outweighs the payout if the option expires in the money (approximately a 50% gain). In other words, in the example above, an investor could expect, on average, to lose money.

Investor Complaints Relating to Fraudulent Binary Options Trading Platforms. The CFTC and SEC have received numerous complaints of fraud associated with websites that offer an opportunity to buy or trade binary options through Internet-based trading platforms. The complaints fall into at least three categories: refusal to credit customer accounts or reimburse funds to customers identity theft and manipulation of software to generate losing trades. The first category of alleged fraud involves the refusal of certain Internet-based binary options trading platforms to credit customer accounts or reimburse funds after accepting customer money. These complaints typically involve customers who have deposited money into their binary options trading account and who are then encouraged by ЂњbrokersЂќ over the telephone to deposit additional funds into the customer account. When customers later attempt to withdraw their original deposit or the return they have been promised, the trading platforms allegedly cancel customersЂ™ withdrawal requests, refuse to credit their accounts, or ignore their telephone calls and emails. The second category of alleged fraud involves identity theft. For example, some complaints allege that certain Internet-based binary options trading platforms may be collecting customer information such as credit card and driverЂ™s license data for unspecified uses. If a binary options Internet-based trading platform requests photocopies of your credit card, driverЂ™s license, or other personal data, do not provide the information. The third category of alleged fraud involves the manipulation of the binary options trading software to generate losing trades. These complaints allege that the Internet-based binary options trading platforms manipulate the trading software to distort binary options prices and payouts. For example, when a customerЂ™s trade is Ђњwinning, Ђќ the countdown to expiration is extended arbitrarily until the trade becomes a loss. Unregistered Transactions, Operations, Broker-Dealers, or Trading Exchanges Illegal Options Transactions. In addition to ongoing fraudulent activity, many binary options trading platforms may be operating in violation of other applicable laws and regulations, including certain registration and regulatory requirements of the CFTC and SEC, as described below.

Certain Registration and Regulatory Requirements of the SEC. For example, some binary options may be securities. Under the federal securities laws, a company may not lawfully offer or sell securities unless the offer and sale have been registered with the SEC or an exemption from such registration applies. For example, if the terms of a binary option contract provide for a specified return based on the price of a companyЂ™s securities, the binary option contract is a security and may not be offered or sold without registration, unless an exemption from registration is available. If there is no registration or exemption, then the offer or sale of the binary option to you would be illegal. If any of the products offered by binary options trading platforms are security-based swaps, additional requirements will apply. In addition, some binary options trading platforms may be operating as unregistered broker-dealers . A person who engages in the business of effecting securities transactions for the accounts of others in the U. S. generally must register with the SEC as a broker-dealer. If a binary options trading platform is offering to buy or sell securities, effecting transactions in securities, andor receiving transaction-based compensation (such as commissions), it likely should be registered with the SEC. to determine whether a particular trading platform is registered with the SEC as a broker-dealer, visit FINRAЂ™s BrokerCheck . Some binary options trading platforms may also be operating as unregistered securities exchanges . This would be the case if they matched orders in securities of multiple buyers and sellers using established non - discretionary methods.

However, there are cases where a registered broker-dealer with a trading system or platform may legitimately have no obligation to register as an exchange. Certain Registration and Regulatory Requirements of the CFTC. It is illegal for entities to solicit, accept offers, offer to or enter into commodity options transactions (for example, foreign currencies, metals such as gold and silver, and agricultural products such as wheat or corn) with U. S. citizens, unless those options transactions are conducted on a designated contract market, an exempt board of trade, or a bona fide foreign board of trade, or are conducted with U. S. customers who have a net worth that exceeds $5 million. To see the most recent list of exchanges that are designated as contract markets, check the CFTC website . There currently are only three designated contract markets offering binary options in the U. S.: Cantor Exchange LP Chicago Mercantile Exchange, Inc. and the North American Derivatives Exchange, Inc. All other entities offering binary options that are commodity options transactions are doing so illegally. Further entities that solicit or accept orders for commodity options transactions and accept, among other things, money to margin, guarantee, or secure the commodity options transactions must register as a Futures Commission Merchant. Entities that act as the counterparty (that is, they take the other side of the transaction from the customer as opposed to matching orders) for foreign currency options transactions for customers with a net worth of less than $5 million must register as a Retail Foreign Exchange Dealer. Because of their lack of compliance with applicable laws, if you purchase binary options offered by persons or entities that are not registered with or subject to the oversight of a U. S. regulator, you may not have the full benefit of the safeguards of the federal securities and commodities laws that have been put in place to protect investors, as some safeguards and remedies are available only in the context of registered offerings.

In addition, individual investors may not be able to pursue, on their own, some remedies that are available for unregistered offerings. Ђў RememberЂ”much of the binary options market operates through Internet-based trading platforms that are not necessarily complying with applicable U. S. regulatory requirements and may be engaging in illegal activity. Ђў Do not invest in something that you do not understand. If you cannot explain the investment opportunity in a few words and in an understandable way, you may need to reconsider the potential investment. Ђў Before investing in binary options, you should take the following precautions : 1. Check to see if the binary options trading platform has registered the offer and sale of the product with the SEC. Registration provides investors access to key information about the terms of the product being offered. You can use EDGAR to determine whether an issuer has registered the offer and sale of a particular product with the SEC. 2. Check to see if the binary options trading platform itself is registered as an exchange. To determine whether the platform is registered as an exchange, you can check the SECЂ™s website regarding Exchanges . 3. Check to see if the binary options trading platform is a designated contract market. To determine whether an entity is a designated contract market, you can check the CFTCЂ™s website . Ђў Finally, before investing, use FINRAЂ™s BrokerCheck and the National Futures AssociationЂ™s Background Affiliation Status Information Center (BASIC) to check the registration status and background of any firm or financial professional that you are considering. If you cannot verify that they are registered, donЂ™t trade with them, donЂ™t give them any money, and donЂ™t share your personal information with them.

Header. Business & Agriculture Residents Government Education Taxes & Finance Visiting & Playing Family & Health. Securities Division. Social Links. I Want To. Article. Breadcrumbs. Securities Division About the Division Securities Division Alerts Current: Binary Options and Fraud. Binary Options and Fraud. Binary options differ from conventional options in key aspects and therefore, open the door for more widespread fraud. Binary options are a product in which the payout depends on the outcome of a yesno proposition that is agreed upon when purchased. The yesno proposition relates to a particular asset being a certain price at a set time. Binary options are referred to as an “all-or-nothing options” meaning that the customer receives either all of the promised return or none of it. A binary option does not allow the buyer to sell or purchase the underlying asset. Most binary options are purchased online through overseas internet-based trading platforms, which increase the risk of fraud for customers due to less transparency. There are three prominent fraudulent schemes that have developed as binary option trading has increased.

The first scheme involves a trading platform’s refusal to credit customer accounts or reimburse funds. This occurs when a customer attempts to withdraw their original deposit or the money that has been promised and they are unable to do so because the trading platform cancels the customers’ withdrawal requests, refuses to credit the customer account or ignores the customer’s calls and emails. The second scheme is identity theft. Identity theft can easily occur when trading platforms gather credit card and driver’s license information. The third scheme concerns the manipulation of trading software in order to prolong the expiration date of the binary option. The trading platform keeps moving the expiration date so that the customer never can win. In order to prevent all types of binary option fraud, customers should always check online with the SEC and FINRA to see if the broker-dealer andor trading platform are registered as well as to see if the binary option sale is registered or exempted with the SEC. If you have any questions about binary options contact the Indiana Secretary of State, Securities Division at (317) 232-6681. To see full SEC Binary Option Investor Alert: Click Here. Footer. Quick Information.

IN. gov Settings. Text Only Version of IN. gov Website. Copyright © 2017 State of Indiana - All rights reserved. Binary Options News, Warnings, Deals And Scandal. Binary options is interesting if nothing else, read on to find out the latest warnings, news, deals and scandals rocking your favorite brokers . Binary Options Regulators Sending A Clear Message. Binary options are interesting if nothing else and if the regulators have one message to send it is this don’t market your unregulated unlicensed products to our citizens. They aren’t saying don’t let them trade, just quit using those aggressive marketing tactics to lure in deposits from people with no business trading. The latest warning comes from the BSBC, one of 13 provincial Canadian regulators, who is targeting Edgedale Finance. The warning, you are not licensed or registered to offer financial products in Canada, where binary options trading is legal, so quit soliciting to our people. Edgedale Finance has since enacted blockades on their website for Canadian citizens, it is also not a recommended broker of BinaryOptions. net. The BSBC warning may seem like small potatoes in the greater scheme of binary trading but they are not the only ones targeting unregistered binary options brokerages and the aggressive marketing tactics used by some. Belgium has already instituted a ban on marketing binary options in that country although its citizens still have access to EU regulated brokers.

France actively updates its warning lists and has also begun to turn its focus on the marketing aspect of the industry as it is often seperate from the brokers. Holland may be the next to institute a marketing ban following a Q&A session between the Dutch finance minister and members of parliament. The Dutch parliament is concerned by the more than 50 complaints received over the past 2 years. Allegations ranging from fraud to aggressive marketing and unlicensed brokerages operating outside the reach of financial recovery. The minister explained how regulated brokerages are operating in Holland using the financial passport provided by the EU and MiFID regulation. He went on to explain how the EU regulators are working to address conformity issues, marketing and other issues plaguing the binary community but also suggested a ban on marketing could be forthcoming. Binary Options Regulation Scam? The Financial Commission, Finacom. com, has announced the acceptance of GEB Investments as an “A” level binary options broker. Finacom is a third party resolution service headquartered in Hong Kong whose purpose is to mediate disputes between the clients of its approved brokers and the brokers. Clients of member brokers gain the benefit of the Investor Compensation Fund which insures deposits up to $20,000.

The question is, and has been for a few years, is just how valuable is Finacom approval? There are only a small handful of binary options brokers on their list and none of them are high on our list of approved brokers. GEB Investments is a brand operated and regulated in Belize by a parent company headquartered in Cyprus, GEB is not a regulated brand or a recommended broker at this time. Scandal Rocks The Binary Options World. Scandal once again rocks the binary options world and it’s no surprise who is at the center of it. Long time black sheep of the regulated community Banc De Binary has backed out of its deal with South Hampton FC. The deal, in which BDB sponsored the football club in return for promotional favors, only lasted 2 weeks and is reported to have been canceled at mutual agreement. Spokesperson for BDB said that the expectations and results were not in line. The news comes as a big shock after a number of years of successful partnerships between top rated teams and popular binary options brands. Techfinancials based 24Option partnered with Juventus in 2014, leading the pack, and has since renewed the contract for additional time. WHERE SHOULD TO START? Trading with binary options or at the Forex market may be difficult, even if you have earned some experience before, especially for those who never encountered with this.

It is available anytime and anywhere, without any experience, but it is worth considering the fact that without any preparation and base, there is no guarantee the profitability from such activity. Once you have chosen the broker, you can safely proceed to the registration of your trading account, fund money to the deposit and safely make your first prediction! Trading will be carried out at any time of the day, depending on the basic asset, currencies, indices and commodities. Accordingly, you can trade long term or short term binary options, depending on your trading method. Even in the case, when a it is difficult to understand the subtleties of successful trading for trader or he can’t be present at all time to monitor the movements of asset prices and financial market fluctuations, it is possible to use the trading robots or brokers who offer auto-tracking with repetition of successful actions of top traders. “ON THE QUESTION OF HOW TO TRADE PROFITABLY, NO BOOK, NO GURU, NO method WILL NOT ANSWER. SUCCESS COME WITH TIME, IF YOU PUT ENOUGH EFFORT” Binary option world is full of scams and obstacles. Everybody knows that trading is about learning and working hard to develop your winning strategies. The most frequent question in binary options niche: “How fast I can earn my money?”. Making fast money in binary options niche is real thing, but such earnings will not be stable, unless you are the witcher or magician. If You want to make binary option trading a good source of income you will need some patience and practice. All trading gurus started from nothing and became successful because of their daily learning and practicing. You need to remember that all the time, otherwise your will be feeling scammed like all that poor peoples, that wanted to make a million in a few minutes.

WHY SHOULD YOU LEARN ? Theoretically, in general, all these instruments provide very good and even high yield to traders. Given the present proposals of brokers, each investor can receive a return on his investment, on average, about 90%, or even higher (but only in case of successful completion of the trade!). And it gives a pretty good opportunity to collect high feedback within a very short time — 60 seconds!! In fact, the trader does not hold assets in which invests during the trading process. All a trader needs to do is to correctly predict the direction of the market price movements of the chosen asset over a certain period of time. The cost of the chosen asset will rise or fall, and with all this profit would depend purely on the accuracy of the made forecast. After all, the amount of change the asset value, will not matter anymore, because the return on investment does not depend on the size of this change. Excellent point is that trading is available at any time of the day, without any penalties, strictly relying on the intuition and experience of the trader, market conditions and the chosen method. “THE THREE BASIC SKILLS OF THE INVESTOR: — FINDING THE WAY, UNNOTICED BY OTHERS FINDING THE MONEY — USING THE ADVICE OF SMART PEOPLE” TRUSTED BINARY OPTION BROKERS AVAILABLE AT ONE WEB SITE. We are working hard to search and verify every binary option broker that is located at our site. These measures are an important step to protect your money from unscrupulous brokers.

Our rating is mainly based on our personal research. They may vary as a result of changes in the brokers work that we have been watching. To make all the things clear to every person we have decided to make useful tools and features for each trader who is interested in binary options rating, voting for their favorite broker with their comment. All that cool features we have added specially for You. Don’t forget to use all the features of our site. So, this will allow You to become an experienced trader and have a great and stable income. USFUL INFORMATION, BINARY OPTION TRADING TUTORIALS AND LATEST NEWS. We know, that valuable information is the source of Your future income. So, if you want to become someone who will put those money in it’s pocket you need to read. Reading is not about to be bored by “template” articles that will consume much of Your time. You must learn to analyze the information you have read, extract from it exactly what you need. This will help You in creation of your perfect binary options trading method that will make a profit. That is you came here, as we suppose.

So grab your head and start learning process. BINARY OPTIONS & FOREX TRADING. It is not a secret, that many forex traders are interested in trading binary options and vice versa. So, we decided to create a section about Forex. There you will be able to view fresh updates about forex trading platforms, successful trading experience, thoughts about binary options and forex, the pros and cons of these two “phenomena”. Everybody knew about good profitability of Forex trading, therefore, we will not be able to get around this. Forex and binary options is two things that can complement each other. In fact, this will help You to better understand the described things. All in all, this will help You with ideas that will work. BONUS – SHARING WITH YOU OUR TRICKS EXTRACTED FROM OUR EXPERIENCE. We were encouraged by lots of reviews and inquiries about binary options trading brokers and process. The best solution to bring all things clear was creation of such section. In this section we will post only verified and useful tips.

Everyone, who is interested in binary options or forex will find it useful. Also we are taking care about the interests of investors. Trading is one of the interesting areas for investing in it. YOUR TOME IS NOW – KNOWLEDGE IS A POWER. In our fast growing world is really hard to to get a good education. How to be if you aren’t have one. Binary option trading not requires special special courses or financial degree. Well known fact about most of traders is that they have gained knowledge using self-education. That is most advanced and cheapest way to climb upstairs and become guru trader. But it will work for You only if you are not lazy. In other words, knowledge and experience is the key to Your success in binary options world. STILL HAVEN’T ANY RESULT? Patience is the one and most important thing in trading binary options. If you do not have it, the miracle will not happen.

Learning and testing different strategies will help You to build your own money making machine. Choosing right binary option broker is a very important factor. it will influence on Your success no less than all factors. If you are stepping on this road, you should always remember such things as: • Everything takes time and experience • Never give up after the first difficulties • Everyone chooses their own path to success. TRADE CORRECTLY ON BINARY OPTIONS: • learn instructions and other training materials for a full understanding of all the concepts and instruments of the trade • carefully read the reviews of related assets markets and check the analysis of funds, from which you plan to earn • don’t be lazy and make a trading plan, including possible strategies • analyze the practice and forecasts of the world’s top traders for the purpose of approving andor correcting your own trading strategies • be fully involved into the market of assets you invest • fully understand the possible investment risks associated with trading in the stock markets and try to minimize them. Stick to the rules of trading above, that most involve principles of trading at the financial markets. So than, your success will be more stable, trade deals – more refined, and the return on investments – surprisingly high, as to become an experienced trader is only a method of achieving the goal, but to become a wealthy trader is the goal by itself! BINARY OPTIONS AND THE FOREX MARKET – UNIQUE CHANCE OF IMPLEMENTING YOUR GOALS, THAT DEPENDS ON YOUR DESIRE TO LEARN. AS THEY SAY, WE GIVE YOU THE BAIT, BUT THE FISH YOU SHOULD CATCH BY YOURSELF! References and Further Reading. Options Made Easy: Your Guide to Profitable Trading (3rd Edition) (Guy Cohan, Pearson Education, 2013) Idiot’s Guides: Options Trading ( Ann C. Logue, 2016) Options Trading ( Daniel Micthell, Lulu.

com, 2017) The Options Trading Body of Knowledge: The Definitive Source for Information About the Options Industry (Michael C. Thomsett, FT Press, 2009) Trading Options: Using Technical Analysis to Design Winning Trades (Greg Harmon, John Wiley & Sons, 2014) Basic Option Volatility Strategies: Understanding Popular Pricing Models ( Sheldon Natenberg, 2009 ) 12 Simple Technical Indicators: That Really Work ( Mark Larson , 2009) Binary Options: Strategies for Directional and Volatility Trading ( Alex Nekritin, 2013 ) Alpha Trading: Profitable Strategies That Remove Directional Risk ( Perry Kaufman, 2011) Best binary option brokers. Trader’s diary. Why and for what you need it? Tuesday December 12th, 2017 Why you should not copying deals of successful traders Thursday December 7th, 2017 Fundamental and technical analysis in binary options trading Wednesday December 6th, 2017 DETERMINE A REAL TRADING method – DISTINGUISHING TRUE OR SCAMMERS’ WORK Thursday November 30th, 2017 Binary trading method – why do you need it? Wednesday November 29th, 2017 Trading binary options using oscillators Monday November 27th, 2017 Why you need to become a trader? – Is it worth? Saturday November 25th, 2017. Best USA & CA broker. on FinmaxFX finmaxfx. , - , , . , &hellip on Finmax . . . 500 . , &hellip on FinmaxFX (Practice). , . , , finmaxfx – . &hellip on FinmaxFX finmaxfx 100 . , , . &hellip on Finmax 500 , . , , (). - . , &hellip Best Auto Trading Robot.

Ontime payments. This site was created for people interested in learning and trading binary options, and of course how not to fall for the bait of unscrupulous trading platforms. Here you can find a lot of useful information about brokers, strategies and the latest news from the world of binary options and many other interesting things. Here you will be given the opportunity to grasp the essence of the world of binary options, and finally start to earn on binary options trading (but it is only in the case if you have a desire to learn) About us & Disclaimer. Social networks. Safetradebinaryoptions. com does not respond for loss of money and possible risks connected with options trading. User must fully understand and accept all possible risks carried out by any operations, as well as partial or complete losses of the invested financial resources. All actions and, as a result, their consequences, as well as the way of using information, service and products provided by the site must be fully borned by the user’s responsibility. “General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds.” Is USFIA tied to Options Giant Ponzi scheme? What a small world it sometimes is. A reader sent in a call for review yesterday via a comment on our Options Rider Review. For those unfamiliar with the scheme, Options Rider is a binary options Ponzi scheme operated by Bob Roberts. Roberts is based out of China, where he believes he’s safe from US regulators.

The call in question pertains to Options Giant, which was launched when Options Rider began experience payment problems. At present it’s believed Options Rider investors are waiting months for a single withdrawal request. Both schemes solicit funds from US investors and both then proceed to launder said funds through banks in Australia. As of yet no regulator has moved in on the scheme, despite claims of investors investing $500,000 at a time. There are three primary speakers on the call, co-hosts “Mark” and “Garry” and the President of Options Giant, a man identified only as “Gabriel” from Australia. The two hosts appear to have organized the call to help with their investor recruitment efforts. One of the hosts claims to have managed a downline of 40,000 to 50,000 in similar schemes. After getting the usual Ponzi scheme questions out of the way “how long will this last?”, “are there investment limits?”, “how do you plant to deal with banking (money laundering) regulations?” etc, Gabriel goes on to explain Options Giant’s efforts to fly under the US regulatory radar.

In essence, Gabriel believes that by having US investors invest into a pooled fund, which Options Giant then launder through Australian bank accounts, the scheme won’t attract regulatory intention. Gabriel claims on the call that “a Chinese guy, the head of one of the communist things in Shangai”, has invested $18.5 million USD into the scheme. “This is currently legal in Australia” explains Gabriel. Meanwhile, despite soliciting funds from US investors and the investment pool clearly a securities offering, Options Giant remain unregistered with the SEC. Around halfway into the call, Garry asks Gabriel if he plans to visit the US: 24:25 Do you travel much, Gabriel, to the United States? Do you ever come over here? 24:32 Um I have, I actually was just there a few months back. And I was in LA, I was doing a presentation to uh, believe it or not, to the Chinese community based in uh, ahhh, what was the suburb? Arcadia. According to the United States Census Bureau, Arcadia, a small city in California, had a population of 58,000 in 2014. So out of the whole of the US, why did the President of a Ponzi scheme specifically single out Arcadia, California for an investor presentation?

Arcadia as it were is no stranger to Ponzi schemes. The small city is currently embroiled in a Ponzi scandal that has engulfed its political dialogue. Facing mounting pressure to come clean regarding his business relationships with USFIA owner Steve Chen, local City Councillor John Wuo was suspiciously absent at an Arcadia City Council meeting last night. For those unfamiliar with USFIA, the company operates the GemCoin Ponzi scheme. Through its GemCoin, USFIA have primarily targeted Arcadia’s Chinese community for investment fraud. John Wuo has appeared at many USFIA GemCoin events, leaving his constituents wondering as to the extent he might be involved. Wuo maintains he is not directly involved in USFIA or GemCoin, nor was he compensated for appearing at the scheme’s publicity events, or USFIA’s use of his name and image to market GemCoin to Arcadian citizens. At the city meeting Wuo was absent from last night, a document was presented that showed Steve Chen and John Wuo were business partners in 24HD Surveillance LLC. Whether or not any USFIA GemCoin funds have passed through 24HD Surveillance and into John Wuo’s possession is unclear. USFIA’s recent planned promotional event on August 28th was abruptly cancelled, following a showing of Chinese investors demanding their invested funds be returned. USFIA’s last Arcadia Ponzi gala was held in late May, which sort of fits Gabriel’s “a few months back” timeline. Whether or not Gabriel attended the GemCoin event and presented Options Giant is unclear.

What are the chances of two Ponzi schemes being pitched in Arcadia around the same time to the same community at two different events? Yeah it might be a coincidence, but in my experience there is little of coincidence that occurs in the Ponzi scheme underworld. Was Options Giant sandwiched into the GemCoin event? Is USFIA investing affiliate funds in Options Giant whilst presenting a GemCoin facade to investors? Somebody in Arcadia’s Chinese community has to know something… In the meantime, a round of applause for Arcadia’s Chinese community. Y’all well on the way to establishing your little city as the west coast Ponzi capital. A few more schemes under your collective belts and we might just have to recrown Massachusetts. They wouldn’t be pitching if you weren’t investing… US politician denies involvement in USFIA Ponzi scheme - Jul 2nd, 2015. 12 Comments on “Is USFIA tied to Options Giant Ponzi scheme?” IMHO, coincidence.

Arcadia is known for McMansions and rich Asians. All one needs to know about Options Giant is that the moronic ponzi pimping king, Ken Russo is trying to con his sheep into it! If that doesn’t yell “SCAM”, I don’t know what does. Evidently common-sense goes out the window in such circles. New stuff on John Wuo today. Scroll down to the second part of the article until you get to the signature comparison. FWIW, Steve Chen’s EB-5 scheme is handled by his “Great Eastern Immigration Services”, an office in his Arcadia “complex”, upstairs. When Edgar Motta did a video walkthru of USFIA office along with two Spanish-speaking promoters back in early 2014 “Geraldo” did say something about the upstairs office (labelled “Great Eastern Immigration Services”) be able to provide EB-5 residency visas for large investments (into Chen’s golf courses and real estate is implied). Let’s not forget that Phil Ming Xu also had EB-5 schemes regarding his various “enterprises”… Epochtimes’ follow-up article is up, seems they are quite sure Gemcoin’s a scam. They got the lawyer who sued Luca Group ponzi to comment and it’s pretty much the same. epochtimes. comgb1593n4519031.htm (in Chinese) 这些投资诈骗案有：“路凯能源”（Luca Energy）投资欺诈、庞氏骗局案（涉案金额近7,000万美金，投资者600人）；CKB168传销案（涉案金额3,000万美金，投资者近千人）；“万通奇迹”（World Capital Market）（诈骗金额6,500万美元，投资人上万）等等。 Last week, a “Gemcoin” Virtual market was protested in LA Area by some Chinese investors, who claimed it’s a huge scam, and they had lost tens of thousands of dollars.

Before that, various large investment scams specifically targeting Chinese-Americans have been exposed and stopped by SEC, totally billions of dollars and over 100K victims. The scams include Luca Energy Ponzi (70 million involved from 600+ victims), CKB168 Pyramid sales (30 million from over 1000 victims), World Capital Market (65 million from over 1000 victims), and more. Some commented that LA area is scam epicenter. Why did all these bogus investment scams was able to succeed repeated in the LA Chinese community? What sort of mentality caused the Chinese-Americans to repeatedly fall for such easily exposed and rather primitive scams? The lawyer that launched the class action suit against Luca Energy, San Gabriel lawyer LongZhu Liu wish to provide some recommendations to the public on how to spot such ponzi schemes. The advice roughly can be summarized as follows: Chinese people don’t hire investment experts, but relied on friends and family friends, who don’t know any better. Chinese also tends to join a bandwagon, what you can do I can do too, thus fall victim to recruiting scams. 2) Language barrier and cultural differences. Chinese are no stranger to scams, but when they move to the US, they suffer culture shock and their lack of English mastery and American culture acclimatization, plus the Chinese tendency to have savings, made them ideal victims, leading them to believe such ‘well-established’ institutions can’t possibly be a scam and lower their guard. Examples given were various “proof” Steve Chen provided… which includes corp registration (everybody needs one), some paper in Spanish (had nothing to do with amber or investment), and so on. Same with with Luca Energy… various maps, deeds, diagrams, predictions about oil output, lots of jargon. Few if any bothered to “visit” the Luca well sites. 3) Attribute substitution mob effect.

Gemcoin apparently used small gifts to entice people to join this “free seminar” then really make it exciting, lots of presentations, cheering and clapping, loud music, celebrations, lots of people claiming they made a ton of money, it’s good to make money… then made the unspoken association that Gemcoin is *the* way to make money, using the mob mood to lower the victim’s guard, that any one can be rich like those people on stage. A lot of scams involve EB-5 investment visas, because a lot of Chinese wanted to emigrate to the US. Luca Energy was promising 20-30% yearly return. The common factors among these EB-5 scasm were “high return, zero risk, cannot lose”. Any one who had done some research into immigration should know that EB-5 requires INVESTMENT, and investment always carries risk. “Cannot lose” deals are loans, not investments, and can NEVER be approved by INS as valid EB-5 venues. There is no “George Klau”. It’s George K. Lau. There is one such person in Arcadia, I’m trying to find a link between him and the Wuo and the rest. I’m 67% sure he’s a CPA and gets put on companies as proxy owner. I know some people who got scammed by Banc De Options a similar operation by the same Bob Roberts which is obviously an alias. Texas SEC are interested in a guy named Kaison or Clifton Sneed Jr. (Convicted Felon) He scammed people out of their money and claimed to know these guys out of China. He claimed he was helping the little guy but all he was doing was helping himselfBob Jones to other people’s money. So here is the scam: Investment club fee 25,0000, 5,000 invested in an options platform.

Part of the fee is the ability to trade with Kaisan who is a marginal trader at best, to legitimize the ponzi. He also made sure that the people trading with him lost their trades so he could get paid by Boss. Capital because he brought people into the platform and for every trade lost he would win because people had to recharge their accounts. When people could see how hard it is to trade it makes it an easy mark because now you have the option for a Managed account and traders do it for the investor. The 5,000 or more (some came in with much more) that was invested into a “Managed account” which the investor could log in and view their account. It would mostly post wins. People were told they couldn’t withdraw wins for 6 months. Well with Options Giants, Options Rider and Bancdeoptions that 6 mos is long enough for them to disappear. With excuses, such as a Chinese Bank bought out Banc DeOptions and they were changing over accounts, Options Giant and Options Rider “we are shutting down for the Christmas and New Year Holiday”. Only to leave customers with unanswered emails and phony accounts posting wins at first then losses until the account is drained to zero balance, but the computer program keeps running and then posts negative amounts because if it were a live trader making trades on your behalf then it would stop at Zero balance. Part two of scam: wealth accumulations expert.

Unsuspecting people who were recruited to ask their family and friends to get in on this great way to become a millionaire in less than two years. They had to sign nondisclosure paperwork before their accounts were open so people couldn’t contact the trading platform directly. Another layer of false legitimacy. The platform was never legitimate there were people who answered questions on the website and about the trades made but it was all fake. On one of the training conference calls for the recruiting people, Clifton Sneed would threaten people by saying one of the recruiters was fired because that person asked too many questions and found out about the trading platform name and called to ask questions. And that anyone who goes around joining the platform without being part of the club would have their funds returned and permanently erected from the club. The people who didn’t have the 25,000 dollar club fee were told to lay 2,500 and Clifton Sneed Jr. would fund the rest with a Chinese investor for a loan or you could come up with another 2,500 and pay into the trade platform which was unknown because people could be hit with a nondisclosure lawsuit. This is Scheme was elaborate and complex. The recruited people were told by getting in as much business as possible there were commissions and bonuses and you could generate a six figure income by helping other people with such a great opportunity. There were conference calls, testimonials of alledged investors who by the way were related to Sneed as being able to withdraw tens of thousands from their managed accounts.

Anyway long story short people with lots of money were scammed and people who had small amounts lost their money too and also the trust of their family and friends who believed in them which is far more damaging than loosing money. The people who had hoped for a good job and a good cause were duped the most by this unscrupulous and unethical egomaniacal narcissist. Yes you can loose at investments but it is not an excuse to rob people of their money. Anyone who professes that God gave them visions about helping people or says you are stupid for being cautious with investing money, or says that Binary Options is Forex Trading and that you can make a lot of money by having other people do it for you, run away, far away. I am telling you all do not get involved with Option Giants, I tried it with the minimum amount and split about 3 ways so not a major lose. I have so much on paper right it looks real good. They now have this express withdrawal only 12 percent and you get your money right away, but you have to send the 12 per cent first. They do not operate like normal investment companies they take off your money you are receiving. And one more thing, the minimum to withdrawal was 500.00 and gee now it has gone up to 5000.00, 12 percent of that is 600.00 friggin scammers stay away PLEASE. For me this is a scam.

In the last 51 trades on my account it has only been a winner 2 times. That is nearly impossible. Even the flip of a coin would give you a 5050 chance of a winner. They are just draining my winnings down to zero. They and those that promote OG are SOBs and should be par for their thief. Latest. Oz: "@John What’s there to livestream? Either Power Mining Pool provide audited accounting. " Bertina: "Now We No claims these pads can prevent herpes and genital warts and various. " John: "They will have a livestream of the mining next year in a event… Thank you for your. " Incognito: "Klaus Biesel & Jay Carey, too peas in a pod that are clueless on a topic they. " littleroundman: " Ishmael Rodriquez: Why don’t we try and make our condemning posts. " MLM Reviews. All trademarks, logos and images are copyright of their respective owners and used under the provision of Fair Use.