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Is Managing Others Binary Options Account Illegal?

gabusseqedd

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May 14, 2016
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Hey people, I need little hep about my deal with an account manager.

I came to know that a person on internet who is managing his clients binary options account but without any LPOA which I want to hire him for myself. I'd have to pay him % of amount from the net profit he makes. The payment will be made via bitcoin.

Assume I hired him to conduct trades on my behalf to make profit/loss (on my binary options account), and what are the legal consequences about this deal.
Does the binary broker have rights to close/suspend my account if they come to know that my account was used/handled by other person?
Do I have to face legal consequences?
Do manager have to face legal consequences?
Or what kind of problem will I and that manager could possibly face.

However we both agree to make this deal with mutual consent.

PS: The manager will be hired via online.

Any tiny bit of information is helpful to me.

Appreciate all your advice's.
 
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