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  1. #1
    Active Member gooney's Avatar

    Binary Options Brokers Opening Capital $12000? Is this true !!!

    Please let me know what you all think of this video where this guys basically says that all binary options brokers are a like a casino and too much of a risk...https://www.youtube.com/watch?v=7vNx_NEmHaU

  2. #2
    Administrator Martin Kay's Avatar
    Quote Originally Posted by gooney View Post
    Please let me know what you all think of this video where this guys basically says that all binary options brokers are a like a casino and too much of a risk...https://www.youtube.com/watch?v=7vNx_NEmHaU
    Old vid(: Yeah, if you want you can get yourself a SpotOption platform for $20,000, including monthly fees you'll have to pay the provider. Exactly the reason for the existence of so many scams in this industry. He also goes on and on about types of manipulations in the business, and yes, it's all been discussed on and on. Choose only regulated brokers if you can (as long as you're not based in the US, you're great options.
    Oh and yeah, there's not a lot of difference between binary options and casinos. If you don't know what you're doing, you're gambling.
    “Don't believe anything you read on the net. Except this. Well, including this, I suppose.” ― Douglas Adams

  3. #3
    Legendry Member Okane's Avatar
    Quote Originally Posted by gooney View Post
    Please let me know what you all think of this video where this guys basically says that all binary options brokers are a like a casino and too much of a risk...https://www.youtube.com/watch?v=7vNx_NEmHaU
    Did you watch the entire video?
    Did you visit his website?
    No? well, that guy might have some good points
    but his agenda is to sell you a complete scam.

    "If You Give Me Just One Day a Week, I'll Teach You Three
    Top-Secret Trading Systems I Used to Win 83% of My Trades Last Year...
    Profiting 75% to 100% on Each Win!"

    Here is what I found on his website and scroll down you see
    he wants you to buy it LOL. He is trying to manipulate you
    and pretend he is on your side and then sell you "fool-proof"
    systems. Always check your sources!

    Here see for yourself:
    http://www.mrbinaryoptions.com/ <<--- beware complete scam!
    Last edited by Okane; 01-07-2015 at 02:10 PM.
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  4. #4
    Moderator Kolyo's Avatar
    All exaggerated claims have to lead to serious doubts about their origins. I don’t say that everybody teaching trading on the net is fake but there are so many, so Okane is right and everyone of us have to be careful before jumping or buying the next education program claiming to make you trading gods
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  5. #5
    Moderator Kolyo's Avatar
    And Martin is right too. Undercapitalized brokers will always need to hunt for their clients wins because every small fluctuation of their balance will need that. The only successful solution to us is to trade only with the biggest, well capitalized and respected brokers, with everyone else it is not only stupid but it is dangerous to your funds.
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  6. #6
    Active Member gooney's Avatar
    Thanks for the replies. As a newbie to binary options, I am still learning about and trying to get get a better understanding of who's who in the murky world of trading. I have almost being caught a few times by scammers, but fortunately I ask lots of questions before i deposit funds etc. Thanks again for the feedback

  7. #7
    Rookie Member franyo's Avatar
    Martin, completely agree with what you said. I don't mind how the broker is run as long as they're transparent and they pay out if I win. I would hate it if one day I constantly "beat" the casino and they kick me out along with my money and blacklist me to never go back again.

    Any long term broker you would recommend?

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