Investors should be aware of fraudulent promotion schemes involving binary options and binary options trading platforms. What is a Binary Option? A binary option is a type of options contract in which the payout depends entirely on the outcome of a yes/no proposition and typically relates to whether the price of a particular asset will rise above or fall below a specified amount Binary options trading offers excellent returns for investors, some as high as 91% or more; the lowest returns are in the range of 65%, allowing for trading opportunities with very high returns in as little as a Binary options are an exotic type of options that promises some fixed monetary payout or nothing at all within a fixed expiration deadline. This asset class is rapidly becoming popular especially among South African traders. They are called binary because they
Binary Options Fraud | blogger.com
The U. Securities and Exchange Commission charged the Israeli-based binary options trading company Spot Option with deceiving U. The regulatory agency announced the move Monday, saying it filed its complaint in a Nevada federal district court Friday. The SEC complaint names Spot Optionnow called Spot Tech House, and former executives Malhaz Pinhas Patarkazishvili aka Pini Peter45, and Ran Amiran, Amiran owned 2. The firm and the executives sold binary options online to U.
Spot Option developed nearly all binary options investor products and services needed to sell binary options online, including a proprietary trading platform, and licensed them to partners who did the selling, the SEC says.
In addition, Spot Option taught, guided and encouraged its partners to market its platform as a way to make a lot of money quickly, the SEC stated. Customers who had lost some of their money were manipulated via fictitious bonuses in order to encourage binary options investor to keep using the platform and keep losing money, the regulator stated.
If the investor guesses correctly, they profit; if they guess incorrectly, they lose some or all of their money. Eventually the industry developed a reputation for defrauding customers. The companies that developed the programs were suspected of participating in the theft and fraud.
Spot Option was the largest software developer for the industry, at one point controlling over half the market. Spot Option never had its own trading platform; it merely provided the technology.
At its peak, Spot Option had over customers for its trading platform software and more than employees in offices in London, Hong Kong, the Middle East, Europe, Asia, Latin America and Australia. In a written response, Patarkazishvili and Amiran said they had not yet received formal notice regarding the matter and would respond after reviewing the material.
Spot Option was a principled software developer with the best people possible employees and that complied with the highest standards in terms of the law. Spot Option was a technological platform company that supplied a platform for brokers around the world. Spot Option is currently in the process of shutting down and no longer works in software development. We hope that God will bring good news for all.
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Binary Options Trading: What is it?? How does it work??
, time: 19:42Israeli-based binary options platform charged with $m fraud in the U.S. - Business - blogger.com
What are binary options. A binary option is a type of option with a fixed payout in which you predict the outcome from two possible results. If your prediction is correct, you receive the agreed payout. If not, you lose your initial stake, and nothing more. It's called 'binary' because there can be only two outcomes – win or lose Binary options trading offers excellent returns for investors, some as high as 91% or more; the lowest returns are in the range of 65%, allowing for trading opportunities with very high returns in as little as a Elite Options Investment is a world class investment company dedicated to investor's satisfaction. Learn how to make money with forex,real estate, stock & commodities,binary options, and crypto currency and what it takes to make a living from online trading. Start now with Elite Options Investment!
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