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Have You Been Scammed By An Alleged Binary Options Broker? Chargeback First, Ask Later.

Very sadly, too much often in the news we read or hear about binary options customers who have been defrauded of their money by scam firms. If you have been defrauded by a binary options broker, you may want to read these 5 steps that may help you recover your money. 1. Your first course […]

By binbet.com | Security | alerts, binary options, frauds, online, scams | 23 Comments | 4

… But What’s a Binary Option?

A binary option is a type of option where the payoff is either some fixed amount of some asset or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The cash-or-nothing binary option pays some fixed amount of cash if the option expires in-the-money while the asset-or-nothing pays the value of the underlying security. The options are binary in nature because there are only two possible outcomes. They are also called all-or-nothing options, digital options (more common in forex/interest rate markets), and Fixed Return Options (FROs) (on the American Stock Exchange). Binary options are usually European-style options.

For example, a purchase is made of a binary cash-or-nothing call option on XYZ Corp's stock struck at $100 with a binary payoff of $1000. Then, if at the future maturity date, the stock is trading at or above $100, $1000 is received. If its stock is trading below $100, nothing is received.

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Tag Archives: scams

Have You Been Scammed By An Alleged Binary Options Broker? Chargeback First, Ask Later.