Binary Options scams are coming to an end
Binary Options have a poor reputation because of the bad actors occupying the space. Stories of traders unable to withdraw their fair gains, or outright scams, are plentiful. However there is now a solution, a fully decentralized digital options trading platform allowing traders to pocket instantly their gains, with price feeds provided by reputable third parties, without deposit required. This sounds impossible? Click here to sign up for free (trial with fake money) and see for yourself, or click on the following link for explanations about this groundbreaking scam free binary options concept.
Blog Digital Options
Here is our blog discussing various digital options topics such as binary options scams, brokers, trading strategy, how to open a binary trading demo account, signals, binary training, etc.
Binary options in UK: ESMA ban to become permanent after Brexit
An article in the Financial Times Adviser states that once the Brexit materializes, the FCA will make the necessary steps to take permanent measures against binary options and CFDs aimed at UK retail traders. The FCA will therefore not have to mimic ESMA decisions...
Binary options prohibition in the EU extended for another 3 months from 2 April 2019
As expected, ESMA has just announced another 3 months extension of its binary options prohibition in the EU. The renewal will apply as of April 2, 2019. From the ESMA press release published on Feb 18 : Another trimester ban for binary options in the European Union...
Binary Options UK: a new recourse for scammed traders
Following EMSA “permanent temporary” measures against binary options and CFDs, the FCA implements its own set of limitations that simply forbids regulated houses to offer such product in the UK, hence increasing the risk of pushing retails traders towards illegal...
Binary options: Israeli reality TV star charged in US for alleged fraud
An Israeli former reality show contestant has been arrested and charged in the United States for alleged binary options fraud, The Times of Israel has learned. Lissa Mel, 30, who also goes by the name of Melissa Turdiev, was arrested by the FBI on September 17 at Los...
FCA proposes permanent measures for retail CFDs and binary options
The Financial Conduct Authority (FCA) is proposing rules to address harm to retail consumers from the sale of certain complex derivative products with the publication of two consultation papers. The rules would apply to firms acting in or from the UK and: ban the...
Binary options ban in Europe: 3 months extension from 2 January 2019
The European Securities and Markets Authority (ESMA) has agreed to renew the prohibition of the marketing, distribution or sale of binary options to retail clients, in effect since 2 July, for a further three-month period. ESMA has carefully considered the need to...
Smart options: Spectre introduces capital protection
Trading binary options is a high reward/high risk trading. To mitigate traders losses, Spectre.ai is offering a new option: capital protection, a flexible tool that allows to reduce financial impact after a lost trade. Capital protection, how does it work? It's pretty...
Can I trade binary options in Europe?
As you probably know, ESMA has temporarily banned the marketing and sales of binary options in the European Union. Does it mean that you, as a retail trader, are not allowed to get involved with smart options, or, in other words, can I trade binary options in Europe?...
Binary options scams in UK: TB Options director straight to jail
One less scam in binary options : the former director of TB Options, was sentenced to 4,5 years in jail after he defrauded traders out of almost half a million pound in the UK. The announcement has been made by the city of London police. Binary options in the United...
Binary options in Canada: still issues and scams despite the “ban”
Despite the fact that jurisdictions such as Canada or the European Union are “banning” binary options for retail traders, they continue to issue warnings about digital options scam brokers. Such measures are likely to make things worse as people interested in such...
How to fund your smart options Spectre account with USD, EUR (CASET)
CASET, the long-awaited feature that will allow traders with zero knowledge about cryptocurrencies to trade on Spectre.ai is finally available! You can load your decentralized account with traditional fiat methods such as credit cards and wire transfers in EUR, USD or...
How to trade 10 seconds expiry binary options
10 seconds binary options expiry! Yes, it is possible to trade such short expiry. Forget about turbo, this is even more fast paced, let's talk about microexpiry! In this article I will show you how to trade 10 seconds, and also where since only one platform in the...
Digital Options without fraud, without deposit, without broker intervention
Binary Options have a bad reputation because of the bad actors occupying the space. Stories of traders unable to withdraw their fair gains, or outright scams, are plentiful. The reason is simple: when you trade with a broker, you trade against his book. When you win a trade, you take his money, when you lose a trade he takes it. Therefore it is in his interest that you lose as much as possible. When brokers do not use dirty tricks to influence the outcome (price feed manipulation), they simply block the successful traders from using their service. The lucky ones get banned while pocketing theirs gains, the unfortunate never see the color of their money.
In an ideal world you should be able to trade against other traders, or an independent liquidity pool, to remove this conflict of interest. This is exactly what propose a new revolutionary smart options trading platform, Spectre ai. The core of Spectre is its DALP (Decentralized Autonomous Liquidity Platform). It uses the transparency of the blockchain, more specifically of the Ethereum network and its smart contracts, to provide a fair trading environment that does not punish successful traders.
How does Spectre work ?
THe DALP liquidity has been built thanks to the funds invested in the project. The money is locked on the Ethereum network, the flow of money is governed by immutable smart contracts. When a trader opens a trade it is matched with the opposite trade taken by another trader, if existing. If not the payout, in case of a positive outcome, is paid automatically by the DALP. If the trader loses the trade, the stake is added to the DALP to provide liquidity to winning trades. Spectre earns through fees (2% for the platform, 2% for the SXDT holders, the investors who funded the start-up).
Spectre proposes 2 kind of accounts : regular and wallet. With wallet you trade directly from your Ethereum wallet, which means you always control your funds and your gains are immediately credited to your wallet. With regular you deposit funds to Spectre smart contract.
I know nothing about Ethereum and cryptocurrencies, what to do?
You can of course learn about cryptocurrencies, but it is not even mandatory. Thanks to CASET, traders can seemlessly send fiat currencies (dollars, euros, yens, etc.) to the platform and start trading, the Ethereum conversion is handled in the background by the system. Same thing for withdrawals, when you want to bank some profits you just require a withdrawal. Spectre cannot block this procedure.
How can I be sure that the DALP won’t get drained?
Spectre has defined the payouts and maximum trade amounts according to the binary options trading statistics to ensure that the DALP grows slowly. Beta testing and closed private testing have shown that it the concept works perfectly. The DALP cannot therefore be drained.
Binary trading: legit if you know what you are doing
Binary trading is different of FX or other day trading opportunities. If you can set stop loss or take profit limits with FX trading, such options are not available with this kind of trading. As the name suggests it, it is binary: you either lose or win. It is a bit similar to sports betting, when you have to predict which team or player will win. With binary trading you simply have to determine whether the price of an assest will go up or down within a certain time frame (5 min, 15 min, one hour, etc.).
Technical analysis (TA) is the tool that traders use to be successful when trading binary options. They learn to identify certain patterns that usually tend to indicate a price direction. Tools allows traders to generate graph studies in order to take informed decisions.
Beside technical analysis, other tools are available to traders to increase their win rate. There are for example signals providers. Those services, that are offered on a paid subscription basis, simply give trading suggestions (from automated softwares or senior traders). With binary options signal providers one with zero knowledge can trade and eventually make money. Eventhough it is highly recommended to follow a proper binary training course and use signals as a help.
Binary trading course: a must
Where to follow a binary trading courses? The Internet is the best place to find such education. You will find some free binary trading courses. The quality will range from mediocre to average. It is still better than nothing if you are on a tight budget. Quality binary options training will most probably be paid, unless you know a trader that is willing to teach you how to trade. For example, Blue Sky Binary offers a complete range of binary and FX courses to help you to become a good trader. The monthly cost is 99 dollars, but you can have access to this BO training for free (click on the link to learn how).
Most brokers offer a demo version: it is highly recommended to practice and experiment with your strategies before trading smart options with real money.