Binary trading or spread betting is a total scam. Its for losers that think they look like a wall street investor staring at their laptop screen with flashing numbers. IG Index (Leading binary firm) literally says on their website that 89% of their customers are losing bettors. Its impossible to predict the next 5-30 minutes of a whole fricking index fund or currency market. Theres no algorithm that can predict, no matter what anyone tells you. Otherwise everyone would be millionaires. Most people that pursue binary trading want the fast cash. If you really wanna make good money, (1) be patient (2) be prepared to work 100 hours a week and earn absolute nothing for the first few months (3) be prepared to fail and lose money
I could not say it better myself.
Binary options company are most often run by scammers / most of them from Israel with set company in Cyprus and pretending to be regulated by CySEC which they are not.
And even if they are that CySEC is a smoke screen since they earn money from selling licence to these scamming companies.
Yes binary options platforms are one big scam software.
Read site rules and they clearly in small print write that prices they display are not real market price.
In translation, they manipulate price feed just enough to make every trade you place a losing one.
Demo trading can be again easily manipulated that you win every trade with demo money.
And once you deposit and trade your real money / then software is manipulated that you lose all of your money fast.
Yes even basic casino is more fair in taking your money.
This is why EU banned binary options companies from accepting EU clients.
Binary options companies AVOID or you really are sucker for throwing your money away!!!