Hello, my friends,
I want to talk to you sincerely about a very important topic, which is binary options trading platforms. Honestly, this field is filled with scams and fraud, and I want you to be fully aware of this issue. After my experiences and deep research, I’ve reached one conclusion: all binary options trading platforms are scams and none operate honestly.
### Why do I say this?
1. The platform controls the prices:
The first thing you need to know is that the prices you see on the platform are not from the real market. The platform is the one controlling these prices, and they always adjust them at the last moment to benefit themselves, not you. So, no matter how accurate your prediction is, in the end, the platform controls the outcome.
2. There’s no actual buying or selling:
Unlike trading in traditional markets like stocks or currencies, there’s no actual buying or selling here. You’re simply betting on whether the price will go up or down, but the reality is that the platform can change the outcome as it pleases. This means you have no real control as a trader.
3. The platform profits when you lose:
This is the most important point! The platform profits when you lose, and if you win, they only give you part of the profits, not all of it. But when you lose, they take everything. Therefore, the more people lose, the more profits they make. It’s natural that they want you to lose.
4. Manipulation using influencers on YouTube and elsewhere:
Also, you’ll find many platforms funding influencers and celebrities on YouTube to make it seem like they are earning huge amounts of money using trading strategies. What they don’t tell you is that these accounts may be fake or demo accounts, and all of this is to lure you into signing up and starting to trade. In the end, the goal is to make you lose your money in a system that is designed for you to lose.
5. Playing with your psychology and pushing you to risk all your money:
Binary options platforms manipulate your psychology and nerves to make you invest larger amounts each time. Initially, you might find the platform making you feel like you’re close to winning, moving prices in your favor for a short period, which makes you feel like you’re on the right path and decide to double your investment. But at the moment you invest all your money, the prices start moving against you quickly and in an illogical way. The goal is always to lure you into a big loss in the end.
6. The difference between binary trading and real trading:
The fundamental difference between binary trading and real trading is that binary trading is about betting on the price movement within a specified timeframe (one minute, five minutes, etc.). You do not own the asset or trade it in a real sense. The platform simply puts you in a losing position that it controls.
On the other hand, real trading in markets like forex or stocks relies on market analysis to determine supply and demand areas and buying and selling zones based on studies and technical analysis tools. In real trading, you can study the market and make predictions based on real data, benefiting from significant market movements based on real supply and demand.
7. Comparison between trading platforms:
If we take an example currency like USD/JPY (OTC) and compare its price across platforms like Pocket Option, IQ Option, and Quotex, we will find that each platform has a different price. This is concrete evidence that each platform controls the prices as they wish, indicating that there is no real market. We are not trading based on real supply and demand; we are betting and gambling. Even if you are skilled at studying trading strategies and indicators, they are deceiving you because they control the outcome.