Only guys who make money with binary options are the ones who are connected with site owner.
Most of the scammers there are russians. I know very well how the system works there.
They put new videos very often to YT and promote the specific site again and again, its old site and its still up.
But its proven on YT and on other places that its a scam. I cant name the site here.
It's a dark gray area, you may make money with affiliate for sure, if the poor person deposits money there and looses everything (which is 100%), then you will earn some money for getting new poor person there.
The poor person is never able to withdraw the money. Believe me, average Joe never withdraws his money. NEVER, unless like I said, you are connected to the team itself behind it! I know the system inside and out.
I just had access to one team, saw the internals and everything and I quit. Its not my thing.
There are hundreds of sites of such binary options, 99.9% are scams.
Professional teams, mid pro's and some very small crappy sites. Biggest pro sites know wery well how to stay in the LAW borders thats why they are up for years.
The amount of money that gets moved around inside of such system is insane.
I talked just about 1 site where I have been internal.
Some sites let you withdraw first or few times and then you can forget it.
They allow first few times to gain trust from user. Later they just sc@m.