Are people really making money with Binary Options?

[Downkiller]

I wonder how people are making so much money through a broker named IQ Option, on the other hand some of us are struggling to make money through CPA or affiliate marketing. Even if you make some money on CPA like I did it's not even close on what they make on iq option which is quite impressive.
Is making money really has become so easy?? I have provided screenshots where you can clearly see they are pulling of thousands of dollar each week how is this even possible..

 

[peachseo]

i used Binary Options but can't make money otherwise already lose $155 when you used trail account you think u can do it but when you are using real account and then you will lose money it's simple very bad experience

 

[Joyanta]

some people wanted me to join their group. but i didn't as i have no experience.

 

[AngelSeo]

Yes, affiliates are making money by promoting the brokers. Apart of that better play roulette..

 

[MisterF]

In a word - yes.

People will always gamble / speculate on markets, which means there's going to be winners and losers. Losers then try to chase their losses.

20 Years I taught myself to trade options, learned all about Puts and Calls, opened a telephone account with a broker ( same broker I use today ) and dabbled while running a business full time.

All these are really are different names for similar products. People moved from trading options to spread betting to CFDs as companies offer something new.

 

[metallikz]

It’s not a stable way of making money

 

[Naroha]

No its more or less 100% fake. the only people earning are the one who promote offers.
I can try to explain it a bit more to you so you will understand the system behind trading. The most real successful traders win more or less 50% of their trades i heard something that it guess up to 55% which is already really high class. If you cant do the math yourself I can also help you with this. Binary is mostly something like Bet 100$ and win 155$ or lose 100$. As you can see this won't work in the long run. The only successful strategy with trading is that you always win more than you would lose(with each trade) which in the end will be your profit.

 

[Spikes01]

Just for the record, regarding the screenshots you posted. They show you the top earners of the week but that's without counting how much these people lost. So they might have made $500k but lost $600k. That's how that leaderboard works.

 

[darulez]

In a word - yes.



20 Years I taught myself to trade options, learned all about Puts and Calls, opened a telephone account with a broker ( same broker I use today ) and dabbled while running a business full time.

Though shall not hustle at age 10..

 

[dmytroloza76]

I wonder how people are making so much money through a broker named IQ Option, on the other hand some of us are struggling to make money through CPA or affiliate marketing. Even if you make some money on CPA like I did it's not even close on what they make on iq option which is quite impressive.
Is making money really has become so easy?? I have provided screenshots where you can clearly see they are pulling of thousands of dollar each week how is this even possible..

I haven’t personally traded with IQ Option, but I know traders who make substantial profits with other brokers. Their success often comes from mastering strategies, disciplined trading, and effective risk management. It’s not always about the broker; it’s more about how you use the tools and strategies available to you. Have you considered exploring different trading strategies or focusing on optimizing your current approach?

 

[Siddhant654321]

I once tried it when I was young. I invested $100 to do it and after just 2-3 hours, it was $0

 

[Axelxx]

The figures they quote are not actual market prices ,when you go close your position it will be manipulated...the house always wins in the end.

 

[olivier]

99% of binary options are scam. Networks get people who promote their links, they get more people into this.
They loose money etc. Its a pyramid scheme.
You will loose money.
Dont fall for this. There are big teams on Telegram who work with binary options. They get workers, you get all the material, instructions, tutorials, scripts how to chat with victims etc..
You get some percent from the money people loose there, amount of money you can make there is unlimited basically. It all depends how many people you can bring to there and how much money the deposit into system.
Each worker gets so called "admin" panel access where you can change victim money amount, his percentage of wins, his wallet address, absolutely everything.

First few times you deposit them real money when they want to withdraw and later they trigger a verification when they want to withdraw. If the money amoun is large enough then from this point they never cant withdraw it. The "office" will take it away and victim just has the number displayed in his control panel. Where the money of his is actually gone already.


Its a big story, I dont have time to write everything about it but you get the idea.

 

[dmytroloza76]

99% of binary options are scam. Networks get people who promote their links, they get more people into this.
They loose money etc. Its a pyramid scheme.
You will loose money.
Dont fall for this. There are big teams on Telegram who work with binary options. They get workers, you get all the material, instructions, tutorials, scripts how to chat with victims etc..
You get some percent from the money people loose there, amount of money you can make there is unlimited basically. It all depends how many people you can bring to there and how much money the deposit into system.
Each worker gets so called "admin" panel access where you can change victim money amount, his percentage of wins, his wallet address, absolutely everything.

First few times you deposit them real money when they want to withdraw and later they trigger a verification when they want to withdraw. If the money amoun is large enough then from this point they never cant withdraw it. The "office" will take it away and victim just has the number displayed in his control panel. Where the money of his is actually gone already.


Its a big story, I dont have time to write everything about it but you get the idea.

If you believe binary options are a scam, do you think there’s any legitimate way to trade or invest in the financial markets, or do you avoid these platforms altogether?