Cuando Dan Guralnek emigró de Australia a Israel en 2012, no anticipó involucrarse en una estafa internacional del Internet. Siempre quise trasladarme a Israel, dice Guralnek, que asistió a una escuela judía en Sydney. Trabajaba en la administración de una fábrica en Australia cuando su jefe murió repentinamente y, a la edad de 28 años, se dio cuenta de que era un buen momento para trasladarse a Israel. Pensé, soy libre, sin ataduras, puedo ir. Guralnek se inscribió en Jerusalén Ulpan Etzion para aprender hebreo, luego se trasladó a la vibrante y bulliciosa ciudad de Tel Aviv, donde consiguió una serie de trabajos de salario mínimo para NIS 25 (un poco más de 6) hora: cortar verduras en un restaurante, Conducir una persona con discapacidad, trabajando el turno de noche en un stand de hot-dog. Pero en una ciudad con altos precios de alquiler y un costo de vida relativo a los salarios (PDF), después de Japón, Guralnek no pudo sobrevivir. Escuchó que los trabajos en una industria llamada opciones binarias pagaban el doble de lo que ganaba, más la comisión. 8216It8217s el juego y we8217re un bookie8217 8212 ex-vendedor de opciones binarias Tan pronto como empecé a buscar un trabajo, estaba recibiendo llamadas de compañías de opciones binarias todos los días, recuerda. Ellos dominan el espacio de anuncios de trabajo. Tampoco Guralnek tuvo dificultades para conseguir un empleo. Usted entra y hacen un gran espectáculo como si evaluaran si quieren o no. Pero ellos te quieren. El día en que Guralnek entró en las lujosas oficinas de su nuevo empleador en la ciudad costera de Herzliya Pituah, supo que había llegado. Vista de los edificios de oficinas de alta tecnología en Herzliya Pituah. 12 de diciembre de 2017. (Nati Shohat / Flash 90) Había café gratis, comida gratis, dice Guralnek. Mi sueldo era de 7.500 shekels (1.900) por mes, más comisión. Guralnek se sentó en un centro de llamadas con cerca de 50 empleados, muchos de los cuales eran nuevos inmigrantes que hablaban con fluidez una variedad de idiomas. Su trabajo consistía en llamar a la gente de todo el mundo y persuadirlos a 8220invest8221 en un producto financiero ostensible llamado opciones binarias. Los clientes serían alentados a hacer un depósito 8212 para enviar dinero a su firma 8212 y luego utilizar ese dinero para hacer 8220trades8221: Los clientes tratarían de evaluar si una moneda o mercancía subiría o bajaría en los mercados internacionales dentro de un cierto, corto período de tiempo. Si predijeron correctamente, ganaron dinero, entre el 30 y el 80 por ciento de la suma que habían pagado. Si estaban equivocados, perdieron todo el dinero que pusieron en ese negocio. Guralnek pronto vio que cuanto más negociaciones hacía un cliente, más cerca llegaban a perder la totalidad de su depósito inicial. Se le había instruido para que presentara la opción binaria como una inversión y él mismo como corredor, aunque sabía que probablemente perdería todo su dinero. El cliente en realidad no está comprando nada. Lo que compra es una promesa de nuestra compañía que le pagaremos. El juego de azar y el we8217re un bookmaker, él dice ahora. Antes de comenzar el trabajo, la compañía le dio a Guralnek un curso de ventas de una semana en el que le enseñaron suficiente conocimiento financiero para sonar bien a un cliente que sabía menos que él. También fue instruido en las tácticas de ventas de alta presión. Nos enseñaron cómo hacer que la gente se sintiera incómoda, cómo responder a las objeciones, cómo mantenerlos en el teléfono. La sesión de entrenamiento era conocida como un curso de conversión y el objetivo era aprender cómo convertir una ventaja de teléfono en un cliente tomando su primer depósito. En su empresa, a los vendedores no se les permitió tomar un depósito de menos de 250. Durante el curso de ventas, la dirección de la empresa le dio consejos Guralnek que lo perseguían más tarde. Nos dijeron que dejáramos nuestra conciencia en la puerta. ¿Es esto legal? A medida que pasaban las semanas, más y más preguntas se formaban en las preguntas de Guralneks 8212 que subrayaban el extraño mundo financiero en el que había entrado. ¿Por qué no sabía los apellidos de sus gerentes ¿Por qué los trabajadores estaban prohibidos de hablar hebreo o llevar teléfonos celulares en el centro de llamadas ¿Quién era el CEO de la compañía ¿Por qué estaba bien para el personal árabe-israelí de la empresa para vender opciones binarias en lugares como Arabia Saudita, Países como Israel, los Estados Unidos e Irán estaban fuera de límites. Peor aún, Guralnek empezó a sospechar que más allá de las malas probabilidades que los clientes tenían de ganar dinero, y más allá de las agresivas tácticas de ventas, lo que la compañía estaba haciendo era francamente ilegal. Por ejemplo, a cada vendedor se le pidió que inventara un nombre falso y una biografía. El centro de llamadas utilizó la tecnología de Voz sobre Protocolo de Internet (VoIP), que mostró un número de teléfono local a los clientes en cualquier parte del mundo. El sitio web de la empresa lista una dirección en Chipre. Me dijeron que le dijera a la gente que tenía años de experiencia en el mercado, que había estudiado en Oxford y trabajado para el Banco de Escocia. Guralnek dice que le dijeron que se presentara como un corredor que hizo una comisión sobre los oficios y para enfatizar cuánto dinero el cliente podía hacer mientras minimizaba el riesgo. De hecho, en lugar de ayudar a los clientes a hacer oficios inteligentes, el verdadero interés era para ellos hacer predicciones sin éxito y perder su dinero. Guralnek dice que también estaba cada vez más preocupado por lo que pasó cuando los clientes trataron de dejar de fumar. Esos eran cuando se les pedía mucho papeleo. Nosotros diríamos: Usted quiere retirarse bien. Necesitamos verificar su identidad antes de poder liberar los fondos. Usted necesita enviarnos una fotocopia de su factura de servicios públicos, su licencia de conducir, su pasaporte, sus requisitos de tarjeta de crédito, por supuesto, que no había sido mencionado cuando el cliente puso dinero. Mientras que el cliente estaba reuniendo y presentando este papeleo, un agente de retención les llamaría e iría a través de sus operaciones, supuestamente averiguar lo que salió mal y convencerlos para continuar el comercio. Podríamos demorar ese retiro por un largo tiempo. 8216 ¿Por qué debería ser culpado por vender algo a personas estúpidas? Si alguien tiene más de 18 años y quiere alcohol, cigarrillos, un cuchillo, una cuenta de opción binaria, es su propia responsabilidad8217 8212 Facebook post Si un cliente era persistente, dice Guralnek, muy a menudo la empresa Dejarían de tomar sus llamadas, o enviarles un correo electrónico diciendo que sospechamos que usted de fraude y congelar todos sus fondos. Debido a que el cliente no sabía el nombre real o la ubicación de su vendedor, no tenían a dónde recurrir para recuperar su dinero, explica Guralnek. Pero la parte más grave del trabajo para el joven inmigrante era pedir dinero a personas que parecían pobres y desanimadas. Ellos creen que están haciendo algo bueno: ellos están haciendo una inversión, haciendo algo responsable. Y no lo son. Cada historia es triste. Todo el mundo tiene gente dependiendo de ellos. Muchas personas finalmente están recuperándose después de un problema de drogas o algo así. Lo peor fue cuando un cliente le dijo, I8217m en el hospital. Cuando alguien dice que estoy en el hospital y tengo cáncer, se supone que todavía los voy a vender. Pero yo lanzaría la venta cada vez. No podría hacerlo. Una industria vasta y deshonrosa Si escribe las palabras opciones binarias o forex en grupos de Facebook que atienden a nuevos olim (inmigrantes a Israel), se encontrará con largos hilos de intercambios acalorados. ¿Alguno de ustedes que están involucrados en las opciones de Forex / binario se dan cuenta de que este es un negocio altamente no regulado que está solicitando juegos de azar a personas mal informadas o sin educación lee uno de esos puestos en el popular grupo de Tel Aviv secreto. ¿Por qué debería ser culpado por vender algo a personas estúpidas una mujer contesta. Si alguien tiene más de 18 años y quiere alcohol, cigarrillos, un cuchillo, una cuenta de opción binaria, es su propia responsabilidad. ¿Lo venden a su abuela el cartel original se dispara de nuevo. En el grupo Keep Olim en Israel Movimiento Facebook, una mujer escribe, Hola a todos, ¿alguien puede explicarme qué son los trabajos binarios y Forex y por qué la gente es tan anti-trabajo en estas industrias en Israel Este campo es deshonroso, lee una respuesta. Yo lo he hecho y no sentí nada más que vergüenza y auto-odio por acosar a la gente que nunca pidió esta llamada y tratando de sacar dinero de ellos que es poco probable que vuelva. Si no te gusta, no lo hagas, lee otro. Trabaje lo que usted siente que es un trabajo honesto, haga sus 6.000 shekels (aproximadamente 1.500) al mes quitar, gastar la mitad en alquiler y vivir como un roedor con el resto de ella. Él continúa, Mientras que la industria binaria y de la divisa y yo pagamos 50 impuestos sobre nuestros sueldos para pagar su cuidado médico, seguridad social, y seguridad, puedo hablar para todos nosotros, no necesitamos ser juzgados. Nadie parece saber exactamente cuán grandes son las opciones binarias y las industrias de divisas en Israel. Ni siquiera la Autoridad de Valores de Israel, que, cuando planteó la pregunta, respondió a través de mensaje de texto, Como la industria sigue sin ser regulada, no tenemos la imagen completa. Pero estimaciones conservadoras ponen el número de personas empleadas en la industria en varios miles, sobre todo en Tel Aviv y sus suburbios como Herzliya y Ramat Gan, mientras que los ingresos anuales podrían estar en cualquier lugar de cientos de millones a más de mil millones de dólares. A nivel mundial, el término forex normalmente se refiere al comercio legítimo en moneda extranjera, mientras que las opciones binarias es el nombre de un instrumento financiero. En la jerga popular israelí, sin embargo, las opciones binarias y la divisa se agrupan a menudo como parte de la misma industria: Cuando los israelíes se refieren a las compañías de forex, a menudo significan las empresas que las opciones binarias en las monedas. A veces los términos Forex y opciones binarias se usan indistintamente para referirse a transacciones rápidas, todo o nada en una gama de activos. En algunas empresas de opciones binarias, la plataforma en línea se manipula para proporcionar resultados falsos que aseguran que el cliente pierde El proceso de 8220trading8221 puede funcionar de la siguiente manera, dijo The Times de Israel. Después de haber transferido su primer depósito financiero a la empresa, los clientes se conectan a una plataforma de comercio en línea, según lo dirigido por los vendedores de la compañía, y el dinero del lugar en una predicción de que el precio de una moneda o mercancía subirá o bajará en los mercados internacionales, Digamos, los próximos cinco minutos. Si el cliente predice correctamente, obtiene un beneficio de un cierto porcentaje y la empresa pierde dinero. Si el cliente está equivocado, pierde todo el dinero que colocó en el comercio, y la empresa lo mantiene. Los comerciantes de opciones profesionales consultados por The Times de Israel dijeron que incluso un genio financiero no puede predecir con seguridad qué, digamos, el precio del oro hará en los próximos cinco minutos en lugar de una inversión, la transacción no es más que una apuesta. La tergiversación del juego como inversión responsable sería bastante mala. Sin embargo, lo que es peor y descaradamente corrupto, se le dijo a The Times de Israel, es que en algunas empresas la casa está doblada. Una variedad de ruses se utilizan. El pago potencial para una predicción correcta es complejo, opaco y calculado para minimizar la pérdida de la compañía. Si un activo se está comportando de manera predecible, el precio del cobre empieza a subir luego de un terremoto en Chile 8212 la compañía sacará ese activo de la plataforma en línea. En algunas empresas de opciones binarias, la plataforma en línea se manipula para proporcionar resultados falsos que aseguran que el cliente pierde. Las estimaciones del número de opciones binarias y las compañías de divisas en Israel varían de 20 a varios cientos. El Centro de Investigación de IVC, una empresa que proporciona información sobre el sector de tecnología de Israel, estimó en su anuario de 2017 que hay 100 empresas de comercio en línea en Israel, la abrumadora mayoría de las cuales caen en las categorías de divisas y opciones binarias. IVC estima que estas empresas emplean a más de 2.800 personas en Israel. Sin embargo, los estados del anuario, su difícil medir el tamaño real de la industria financiera en línea del comercio en Israel, en parte porque la industria es low-key y su nexo de Israel es a menudo subestimado. Un informe de 2014 sobre la industria israelí de Internet por TheTime incubadora de inicio dice que de las 90 empresas de Internet israelíes que ganan ingresos de 10 millones o más por año (TheTime Startup Incubator en Tel Aviv) , 15 eran plataformas de negociación en línea, muchos de ellos comercio de divisas y opciones binarias. Tres de éstos, según el informe, fueron evaluados para tener ingresos de por lo menos 100 millones al año. Algunas otras compañías incluyeron iForex, bForex, AnyOption, 4XPlace, Optionbit y Banc de Binario. Sobre la base de estas evaluaciones, la industria israelí de divisas y opciones binarias tiene una facturación anual de cientos de millones, posiblemente incluso miles de millones, de dólares. ¿Cuántos son fraudulentos Es anyones adivinar qué porcentaje de las compañías financieras de comercio en línea participar en prácticas poco éticas, ilegales y / o fraudulentas. Una distinción que muchas personas entrevistadas para este artículo atrajo fue entre compañías no reguladas y reguladas. En Chipre se regulan varias grandes empresas más conocidas con fundadores israelíes o grandes operaciones de ventas y marketing en Israel, lo que les da licencia para vender productos financieros en países de la UE, incluso si no están regulados en esos países. Muchas empresas de divisas y opciones binarias que operan en Israel, sin embargo, no están reguladas. Sam C., un inmigrante reciente de Israel en Estados Unidos, describe su experiencia trabajando en una compañía de opciones binarias no regulada el verano pasado. Muchos clientes habían hecho clic en un anuncio hawking maneras de ganar dinero desde casa. 8216En realidad creen que van a convertirse en millonarios simplemente haciendo esto8217 8212 ex funcionario de servicio al cliente en una firma de opciones binarias Lo hacen extremadamente, extremadamente difícil para los clientes retirar su dinero, dice Sam, que trabajó en el servicio al cliente y que pidió que Su verdadero nombre no debe ser utilizado. Usted tiene que encontrar una copia de su licencia del conductor 8217s, una copia de su cuenta de la utilidad y hay así que muchas reglas y requisitos. La mitad de las llamadas que tuve que tratar eran solo personas quejándose, diciendo que habían pasado meses y que necesitaba mi dinero ahora. Lo necesito para pagar esto o aquello. Casi la empresa simplemente se niega a renunciar. De hecho, Sam dice que no puede confirmar que ningún cliente recibió el pago o retiró su dinero durante sus pocos meses de trabajo en la empresa. La gente llamaba y llamaba de vuelta. Y eventualmente, a veces uno de mis gerentes diría, Don8217t tomar esa persona8217s llamadas más y cerrar su cuenta. Ellos dirían: "Lo hemos hecho con él y todo el dinero no importa. No llame más de él. La mayoría de los clientes de la compañía Sams eran de los Estados Unidos, a pesar de que está en contra de la ley de EE. UU. para las empresas a vender opciones binarias a los ciudadanos de EE. UU. de esta manera. Otros clientes fueron de África, Qatar y Arabia Saudita. Muchos habían hecho clic en un anuncio que vendía maneras de ganar dinero desde su casa o vieron un video que decía revelar estrategias secretas de inversión. La mayoría parecía ser la persona tonta estereotipada, recuerda Sam. Usted no se da cuenta de que personas como esta existen fuera de las películas. Ellos realmente creen que van a convertirse en millonarios simplemente haciendo esto. Y es casi triste. Preguntado acerca de sus gerentes, Sam dijo que eran jóvenes israelíes que parecían pensar que era bueno arrebatar a la gente. Leonardo DiCaprio como Jordan Belfort en una escena de 20138217s 8216 El lobo de Wall Street.8217 (Paramount Pictures y Red Granite Pictures, Mary Cybulski) Parecían haber visto el Lobo de Wall Street y querían emular a los personajes. La broma que tendrían, sería como, oh sí, no puedo creer que se cayó por eso, no puedo creer que le hizo invertir 300. Sam dice que uno de sus gerentes en realidad citar Leonardo DiCaprios ventas campos de la película literalmente por teléfono Al tratar de vender opciones binarias. 82208216Hola, John. ¿Cómo está usted hoy? Envió por correo a mi compañía hace unas semanas, solicitando información sobre una inversión que tenía un enorme potencial de alza con muy pocos riesgos a la baja, 8217 que citaría de memoria. 8216 ¿Es un anillo de campana? 8221 Pensé que era patético, para ser honesto, 8221 recuerda a Sam. Manipulación de software En 2013, los Estados Unidos prohibieron la comercialización de opciones binarias a sus ciudadanos, excepto en un puñado de intercambios regulados. En su sitio web, la Commodity Futures Trading Commission (CFTC), una agencia independiente del gobierno de EE. UU., alerta a los inversores de los esquemas fraudulentos que implican opciones binarias y sus plataformas de negociación. Estos planes presuntamente incluyen negarse a acreditar cuentas de clientes, negar reembolso de fondos, robo de identidad y manipulación de software para generar operaciones perdedoras. Las opciones binarias comerciales pueden ser una propuesta extremadamente riesgosa, advierte otra agencia reguladora con sede en Estados Unidos, la Financial Industry Regulatory Authority (FINRA), en su sitio web. A diferencia de otros tipos de contratos de opciones, 8221 dice FINRA, un SRO que regula las firmas de corretaje de los miembros y los mercados de cambio, las opciones binarias son proposiciones de todo o nada. Cuando una opción binaria expira, o hace una cantidad pre-especificada de dinero, o nada en absoluto, en cuyo caso el inversor pierde su inversión entera. Las opciones binarias comerciales se hacen aún más arriesgadas por esquemas fraudulentos, muchos de los cuales se originan fuera de los Estados Unidos. En Israel, muchas de las llamadas empresas forex están vendiendo opciones binarias, lo que significa que un cliente apuesta a si una moneda subirá o bajará, en lugar de comprar la moneda, dijo Jared K., ex agente de Wall Street, a The Times of Israel . Tradicional forex es comprar en 3.50, que vender en 3.60. Forex binario (es decir, la divisa en el mundo de las opciones binarias) está diciendo si va a 3,60 gano dinero, let8217s decir 20 más de lo que apuesto, pero si va a 3,50 o inferior, pierdo. Las opciones binarias comerciales se hacen aún más arriesgadas por esquemas fraudulentos, muchos de los cuales se originan fuera de los Estados Unidos. 8212 el gobierno de los EE. UU. advierte a Graham P. que actualmente trabaja en marketing para una gran empresa de opciones binarias regulada por Chipre en Tel Aviv, Para manipular software como se describe en la CFIC 8212 cínica intervención por las empresas de opciones binarias para asegurar que ganan, el equivalente de la industria de una rueda de ruleta aparejada en un casino. Hablé con un tipo con el que potencialmente iba a trabajar, y en realidad había desarrollado una plataforma de opciones binarias. Dijo que todo el mundo que conoció que estaba interesado en comprar la plataforma (para iniciar su propia empresa) quería que él creara una puerta trasera. Por puerta trasera, Graham significa que las empresas quieren ser capaces de manipular un 8220trade8221 en el último minuto si un cliente o grupo de clientes parece estar ganando demasiado. Digamos que el 70 por ciento de los comerciantes son por alguna razón apostando que el petróleo va a subir. Entonces, las compañías dicen, si conseguimos sólo un 30 por ciento de ganancia, podremos mantener mucho más dinero. Y el algoritmo hace eso. Es muy fácil decirle al cliente, oh, la línea cayó un poco por debajo de su posición.8221 Si el cliente trae la prueba de que el precio del petróleo realmente subió a donde ellos predijeron que lo haría, la compañía les señalará a la multa Print, que establece que la empresa tiene sus propios algoritmos que pueden diferir de tiempo real. 8220Las tarifas de tránsito asignadas a los activos en nuestro sitio web son aquellas en las que nuestra empresa está dispuesta a vender opciones binarias a sus clientes en el punto de venta, 8221 lee un descargo de responsabilidad típico en muchos sitios web de opciones binarias. 8220Como tal, no pueden corresponder directamente a los niveles de mercado en tiempo real en el momento en que ocurre la venta de opciones.8221 Graham, cuya compañía está regulada en Chipre, dijo que en su opinión toda la industria de opciones binarias es fraudulenta. Si es así, esto representa una corrupción cínica y sistemática en gran escala, empequeñeciendo escándalos tan dañinos como la venta ilegal de productos del Mar Muerto por parte de los israelíes en los quioscos de los centros comerciales de todo el mundo. Por alguna loca razón es legal en Europa. Las naciones europeas individuales están dejando las opciones binarias volar. Mientras que países como Estados Unidos olían la mierda hace mucho tiempo y la hicieron ilegal. Graham dijo que en un instante, le gustaría ver la industria cerrada, pero está preocupado. There8217s tanto el verter que vierte en la ciudad it8217s literalmente una industria aquí 8212 Im incluyendo forex también. Es probable que pague por el sistema de metro que está instalando. Se puede imaginar a miles de personas en Tel Aviv sin trabajo Vista general de Tel Aviv el 27 de diciembre de 2010. (Abir Sultan / Flash 90) Una mala reputación Chaya Berkowitz, un veterano de ocho años de las compañías de divisas en Israel, dice el Times De Israel que su propia experiencia en la industria ha sido buena. No me olvido. I8217m consciente de que tiene una muy mala reputación. No creo que el 100% esté justificado. Berkowitz afirma que hay empresas legítimas en la industria, y chasquea los nombres FXCM, Alpari y FXPro, ninguno de los cuales están basados en Israel. Si usted tiene diez empresas de divisas, probablemente seis o siete de ellos tienen mala reputación que dar a los demás un mal nombre. Su desafortunado porque los otros toman su negocio seriamente y cuidan sobre sus clientes, ella dice. Preguntado si esos seis o siete son culpables de fraude, Berkowitz avers, no diría theyre cometer fraude. Tienen la reputación de mentir a sus clientes y publicidad engañosa. Eso definitivamente existe, pero hay una razón por la que algunas de las grandes firmas de corretaje siguen en pie. Es porque suelen jugar por el libro 8212 de lo contrario no son alrededor de mucho tiempo. Berkowitz estima que en las compañías forex legítimas, dos o tres de cada 10 clientes obtienen ganancias y son capaces de retirar fácilmente su dinero. Cuando se le preguntó cómo saber si una compañía es legítima, ella dice, yo buscaría una regulación más dura, no una compañía regulada en alguna isla en alguna parte, pero regulada en el Reino Unido, los Estados Unidos o Australia. Chipre, afirma, se ha vuelto más estricta en los últimos años. Se está convirtiendo en un organismo regulador más reconocido. También pregunto a amigos u otros inversionistas. La palabra de boca personal es enorme. Yo haría mi tarea. Mira en línea para ver quién tiene una buena reputación. Me gustaría hacer preguntas al investigar un corredor. ¿Tengo acceso fácil a mi dinero? ¿Ofrecen educación? Reeling los clientes en Después de obtener su maestría en Israel y casarse con un israelí, Lynne R. un nativo californiano, comenzó a buscar un trabajo, pero quedó decepcionado por lo que estaba allí. Fue realmente chocante para mí, una vez que empecé a ir a las empresas, para averiguar cuán bajos eran los salarios. Quería encontrar algo más competitivo, más parecido a lo que ganaba en los Estados Unidos. La gente siguió mencionando a Lynne que los trabajos de opciones binarias pagaban bien. Ella publicó el hecho de que estaba buscando en un par de sitios de trabajo en Facebook, y probablemente tenía 25-30 personas llaman a establecer entrevistas. Lynne fue en cinco o seis entrevistas, donde ella aprendió que ella era elegible para dos tipos de trabajos. Ramat Gan8217s Moshe Aviv Tower, el edificio más alto de Israel8217s, alberga muchas empresas de opciones binarias (Simona Weinglass / Times de Israel) Conversión y retención. Para los trabajos de conversión me dijeron que haría alrededor de 15.000 shekels (3.850) al mes y para trabajos de retención me dijeron que podía hacer entre 30.000 y 40.000 (7.700 a 10.250) al mes. En cada entrevista, Lynne investigó extensamente sobre la naturaleza del trabajo. Cada empresa tiene sus propios métodos de comercialización, a menudo con videos que cuentan la historia de una persona que aprendió un método secreto de extraer dinero del mercado, dice ella. Una empresa le dijo que atrajo a los clientes con un 8220robot8221: Dijeron que, básicamente, utilizamos un programa, que llamamos un robot. Lo comercializamos a la gente y decimos que puede hacer pequeños oficios para usted, como 100 o 200, y hay un programa de Internet que hará, usted sabe, algo de magia y le hará unos cientos de dólares extra al mes. Lynne8217s trabajo sería llamar a las personas que habían pagado 200 para utilizar el robot, y persuadirlos a profundizar su participación. 8220Los llamas y dices, bueno, tienes este robot, pero en realidad no es tan genial de un programa que te fue vendido por un afiliado nuestro. Si quieres hacer dinero serio, tienes que empezar a operar, y podemos decirte cómo. We8217re comerciantes expertos. Todo lo que usted necesita hacer es hacer un depósito más grande, y you8217ll consigue una cuenta personalizada con nosotros y un comerciante personal. Todo lo que necesitas hacer es hacer un depósito de 500 y te empezaremos. A Lynne se le ofreció un trabajo de retención, y se matriculó en un curso de capacitación de dos semanas. La primera cosa que le dijeron fue nunca revelar que estaba llamando de Israel. Se pidió a todo el personal de retención que se hiciera pasar por corredores capacitados trabajando en una oficina de Londres. Se les pidió que revisaran los días meteorológicos en Londres, así como lo que estaba sucediendo en las noticias. Tienes que hacerte una biografía. Tenías que pensar en una escuela de negocios y decir que fuiste allí. Era necesario decir que usted era un comerciante, que había trabajado para un banco de inversión o en Wall Street. Si eres una mujer, te animan a decir que eres el único porque los chicos probablemente depositarán contigo. Si eres un chico, quieres tener una esposa y dos hijos, porque eso te hace relacionable. La empresa, dijo, estaba regulada en Chipre. La industria está certificada para Europa, pero no está muy regulada. Es una manera de ser acreditado por la UE sin un montón de supervisión. (Finanzas Magnates, una publicación de comercio de la industria de comercio electrónico en línea de Israel8217s, ha escrito en el pasado que Chipre tiene una reputación de regulación laxa.) 8216Cuando les ofrecimos capacitación, compartiríamos su escritorio y los recorreríamos a través del sitio web. Nos dijeron que mirar alrededor de su escritorio para la pornografía o en línea ranuras u otros signos de comportamiento compulsivo, porque eso significa que son más propensos a hacer un depósito 8217 ex agente de retención de opciones binarias Lynne dice punto de venta de su empresa, que se jacta, Era más ético que otras compañías de opciones binarias. Si alguien nos pidiera retirar su dinero, se lo daríamos dentro de 48 horas, dice. Cuando Lynne comenzó a jugar con la plataforma de opciones binarias de su compañía, se dio cuenta de que era divertido y adictivo, casi como un juego de azar. Había mucha adrenalina. Si usted pone dinero en su cuenta de inversión hoy, podría darle 3 a 6 por ciento de devoluciones. En binario usted ve el 70 por ciento que viene enseguida. Si se esperaba que los agentes de conversión hicieran que un cliente hiciera su primer depósito, los agentes de retención como Lynne tenían la tarea de traer el dinero grande. El primer paso fue dimensionar al cliente. Nos dijeron que buscáramos casas de gente en Google Maps para ver lo ricos que parecían y para comprobar la información de su tarjeta de crédito para ver si tenían oro o platino. Además, cuando ofrecimos capacitación a ellos, compartiríamos su escritorio y los guiaríamos a través del sitio web. Nos dijeron que abusar de ese acceso y mirar alrededor de su escritorio de pornografía o en línea ranuras u otros signos de comportamiento compulsivo, porque eso significa que son más propensos a hacer un depósito. Llamas a alguien y diles que mi nombre es Jane Smith, llamando desde Londres, donde soy un banquero de inversiones para esta increíble firma. I8217m llamando para hablar con usted sobre cuánto usted realmente quiere hacer. Vemos que has invertido 300, pero ambos sabemos que 300 no te va a hacer nada. Entonces, ¿qué es lo que realmente quieres hacer en un año Así que la gente diría, quiero hacer 100.000. Quiero comprar una casa o quiero viajar.8221 Te dicen algo que quieren y luego dices, así que probablemente te llevará 6-8 meses para lograrlo. Si desea lograrlo, necesita negociar todos los días. Voy a estar trabajando contigo. I8217m va a darle información sobre qué selecciones a hacer cada día. Lynne dijo que el corredor se registraría con los clientes regularmente, animándolos, enseñándoles sobre el mercado y ofreciendo consejos. Cuando el corredor eligió una acción para que ellos apostaran, la acción realizaría a menudo según lo prometido. Cuando subieron a la plataforma e hicieron sus propias selecciones, empezaron a perder. Entonces el corredor regresaría y les ayudaría a hacer buenas llamadas, y ellos ganaría otra vez. Así que, básicamente, te encuentras como este gran comerciante, pero en realidad usted está tratando de hacer que el volumen de los oficios sea lo más alto posible. El siguiente paso, recuerda Lynne, fue pedir un depósito de 10.000. Los clientes generalmente se resisten y dicen que no hay manera de que desee depositar 10.000. Así que presionarlos y decir Si no es realmente serio acerca de ganar dinero, entonces por qué estamos hablando ahora Comerciantes probar todo. Algunos son realmente dulces, algunos tratan de identificarse con ellos, algunos tratan de hacerlos sentir incómodos 8212 sea cual sea la técnica que los haga depositar. La técnica favorita es decir, si depositas 5.000, te daré un bono de 5.000. Los clientes escuchan eso y dicen That8217s loco. Voy a depositar. Pero el bono, explica Lynne, es una trampa. No se le permite retirar dinero de su dinero hasta que use ese dinero de bonificación como 30 a 40 veces. Digamos que te doy un bono de 1.000. Usted tendría que negociar que hasta que hizo al menos 30.000 beneficios fuera de ella, y luego puede retirar su dinero. Pero nunca llegará a esa cantidad. Digamos que usted hace 10.000 de ella y dice que quiere retirarse, en el contrato dirá que puede retirarse. Puede sacar su dinero original, pero no puede cobrar el bono ni el dinero que ganó con el bono. Así que los clientes se quedan atrapados en el sistema, porque no quieren perder todo su dinero, y para el momento en que el comercio 30 veces la cantidad de la bonificación, they8217ve perdido todo. Cuanto más tiempo intercambias, más dinero pierdes, dice Lynne. Puede ir tan lejos y ser exitoso. Sin embargo, Lynne dice otra vez, con su compañía, si usted resistió la tentación de tomar la prima, y si usted pone una petición, la compañía le enviaría su dinero. Ellos realmente se jactaron sobre el hecho de que eran buenos acerca de dar a la gente su dinero de inmediato. De hecho, animaron a la gente a tomar pequeños retiros. Si un cliente tuviera 10.000, dirían, ¿por qué no tomas 2.000 y llevas a tu esposa en un pequeño viaje muy calculado con lo mucho que están dando y cuánto margen de maniobra para tratar de dar a los clientes. Lynne dejó su trabajo de opciones binarias poco después del curso porque dijo que no podía soportar el ahorro de maestros y conductores de camiones. Cuando se le preguntó si pensaba que lo que había sido asignado a hacer era poco ético o ilegal, ella responde: "Ciertamente era poco ético. Cuando le cuento a la gente acerca de este trabajo, se sorprenden. Dicen que eso nunca podría ser legal, de ninguna manera Israel jamás lo permitiría. Economic terrorism In November 2014 a man by the name of Ariel Marom, who described himself as a former employee of several companies in the forex industry, sent a strongly worded letter to both the Finance and the Ethics committees of the Knesset, as reported in Israels financial daily Globes. Israel8217s parliament, the Knesset, January 19, 2016. (Photo by Yonatan Sindel/Flash90) I am calling on the regulator in charge of banking services and the Knesset Finance Committee to immediately take action to stop the wave of plundering, theft, fraud, money laundering, and crime on an international scale that is managed and operated in Israel that is hurting thousands of customers around the world. Marom described the forex industry as economic terrorism targeting the citizens of many countries. When this information becomes public knowledge through investigative reports by the media, which is bound to happen sooner or later, Israels status in the world will be damaged and it will unleash a wave of hatred toward the Jewish people and Israel, causing tremendous damage. 8216When this information becomes public knowledge through investigative reports by the media8230 Israels status in the world will be damaged and it will unleash a wave of hatred toward the Jewish people and Israel, causing tremendous damage8217 8212 letter sent to Knesset committees Marom said in the letter that he had been searching for a job in recent months and as a Russian speaker had interviewed with forex companies that operate in Israel and target customers abroad. He said he was surprised at the sheer magnitude of the fast-growing industry. There are hundreds of jobs currently available to Arabic, Russian, English, Spanish and French speakers as these companies seek new workers for their expanding departments. Marom added that after years in the traditional banking industry, he was shocked at the practices he witnessed in several forex companies. In the absence of any regulation, they are simply robbing customers. Many people compare forex to a casino, but its worse than a casino. A casino hands you your winnings immediately. Forex companies 8212 and Im talking about most of them 8212 simply do not allow people to withdraw money. Marom goes on: Many forex customers have no idea that the company operates from Israel, especially when were talking about the Arabic-speaking desks. Their complaints never reach our justice system and so the industry is not exposed. How is it possible that this has been happening for years, with no local regulation What happens when thousands of Turks, Russians, Spaniards, Italians and French figure out that the scam they fell for was carried out from here, in Israel Are our regulators waiting for synagogues to start blowing up all over the world to shut this thing down It is not clear what the Knesset Finance Committee did in response to Maroms letter. The Times of Israel tried to track Marom down, but the CEO of FeeX, a high-tech startup he used to blog for, said he had not heard from Marom for a few years and had no contact information. Maroms LinkedIn profile placed him at a high-tech company in Brazil where no one who answered the phone seemed to speak English. A phone call to an Ariel Marom listed near Haifa was answered by a woman who said her husband is an astronomer, not a finance professional. Youre the third journalist who has called looking for Ariel Marom in the last two weeks, she said. Now Im curious. The Times of Israel asked for the help of SixGill, a cybersecurity high-tech firm that specializes in the dark web, to track down Marom, but after a brief automated search, Tommy Ben-avi, a senior analyst at Sixgill, concluded that either Ariel Marom is not his real name or he doesnt want to be found.8221 The cyber intelligence company did, however, make some interesting observations about the forex and binary options industries. Ben-avi mentioned several companies known to be operating from Israel. This industry is a bit shady. Its hard to get to the owners and CEOs of some of these companies. Most of the time, when you have a company that large, you can see the owner, you can see the shareholders. Ben-avi conducted an automatic search with a system that scours hundreds of thousands of sites and closed dark web forums. It seems like they8217re trying to hide their identity. Maybe a few companies have the same owner, and they want to hide that fact,8221 he mused. 8220Or maybe their business is not 100 percent legitimate. How its done on Wall Street Jared K. a licensed stockbroker from the United States who now lives in Tel Aviv, says that he sees several problems with the local forex and binary options industries. On Wall Street, brokers are regulated, transactions are regulated, the money is regulated. Where is it coming from and where is it going There are rules as to how someone can access money in a claim. 8216I am shocked that Israel hasn8217t shut this down8217 8212 US-licensed stockbroker who lives in Tel Aviv Furthermore, says Jared, in the United States, a license to sell securities or handle client investments would require a person to meet certain ethical standards. If they dont look out for the best interest of their clients investments, it is a criminal offense. On Wall Street I can8217t put someone in an investment that doesn8217t fit them. That is fraudulent. If I called up your parents and said put money in this investment and they lost it all, in theory I could be arrested and go to jail. 8220Binary doesnt have that, there are no repercussions. What happens if someone loses money Nothing. I am shocked that Israel hasn8217t shut this down, he sums up. A product that invites fraud Yaron Zelekha, Israels former accountant-general, became known as the countrys foremost whistle-blower in 2007 when he exposed the financial improprieties of a sitting prime minister, Ehud Olmert. 8216I personally would not advise any Israeli to trade with any of these companies8217 8212 Yaron Zelekha, Israel8217s former accountant-general Zelekha told The Times of Israel that he doesnt want to tar all its players with the same brush, but that binary options and some instruments related to forex are designed in a way that creates a strong incentive for fraud. There is a very wide information gap between the public and these players, and they are exploiting it to their advantage. The broker is not giving you a service like in a bank he is personally betting against you. This is a flagrant conflict of interest, because youre betting on something, and the person reporting the outcome wants you to lose. Such circumstances invite fraud, says Zelekha, and there is no small number of companies that simply defraud the customer. Sometimes that fraud is very sophisticated. Israeli economist Yaron Zelekha, (Yossi Zeliger/FLASH90) Asked whether the entire industry should be shut down, Zelekha responds, There is no need to throw out the baby with the bathwater, although I personally would not advise any Israeli to trade with any of these companies. What the industry does need, he says, is real-time regulation. He says there is software that can now do real-time monitoring of a companys transactions. The Israel Securities Authority (ISA) must have real-time access to these companies computer systems. Zelekha says the ISA has fought a long battle to regulate the online financial trading industry. They deserve credit for their efforts, although the regulation wont be effective if it isnt done in real time. ISA: We probably wont allow binary options The Israel Securities Authority is housed in a 1920s Eclectic-style building in one of Tel Avivs loveliest neighborhoods, near the stock exchange. Itzik Shurki, director of the ISA8217S Exchange and Trading Platforms Supervision, is a soft-spoken man, but he has harsh words for binary options. Shurki says a new law to regulate online financial trading industries went into effect in May 2017. The companies that wanted to continue to offer their products to Israeli customers had to request a license from the ISA. Twenty-one companies requested licenses. One was disqualified, because its controlling shareholder, Aviv Talmor, had fled to Cyprus to escape arrest for alleged financial misdeeds. Talmor has since returned to Israel and is currently under house arrest. Two other companies withdrew their applications, leaving 18. Of these, four are primarily binary options companies, while the others seek to offer other types of CFDs, or contracts for differences, as well. 8216With binary options we8217ve already informed the companies that our intention is probably not to approve this product8217 8212 Itzik Shurki of the Israel Securities Authority Almost a year later, none of the applicants has been approved. Shurki says that the industry is currently in a transition period while the ISA reviews the applicants. During this period, the 18 companies have permission to continue to operate. If we decide yes, they will become fully regulated companies if we decide no, they will have to stop their operations. Which way is the ISA leaning With binary options we8217ve already informed the companies that our intention is probably not to approve this product. Its basis is problematic. Because ultimately 8212 I don8217t want to use the word 8216gambling8217 because it is a financial product 8212 but in the way it is offered and in the short time frame, and with all its complexity, in our view it brings it closer to a guessing game than a financial product where you can evaluate its worth. Itzik Shurki of the ISA (Courtesy) CFDs, or contracts for differences, a high-risk financial instrument that is also banned in the United States except on registered security exchanges, will be allowed in Israel, says Shurki. However, Shurki says CFDs will be regulated in real-time and aggressive or deceptive sales tactics will be rendered illegal. The ISA will monitor the prices of every product offered to make sure they are transparent and fair traders will need to be licensed and traders will also be prohibited from offering advice or tips to their customers. 8220You can8217t be in a position to give advice when their earnings are your loss,8221 Shurki explains. This all sounds quite impressive. Once the ISA makes it decision, one might be forgiven for thinking, the binary options fraudsters will be out of business. But theres a catch 8212 a great big catch that potentially excludes the overwhelming proportion of binary options trading from effective supervision in Israel: The new regulations apply only to companies that target Israeli customers. If a binary options or forex company targets customers abroad exclusively, it will not be regulated by the ISA. Thus, to ensure that the new law not apply to them, companies need only exclude Israeli clients. A quick visit to the websites of several binary options firms does indeed prompt messages saying the service is not available to Israelis. Shurki says he is aware that the new regulations will not solve the problem of call centers that are defrauding people abroad, but says that such activity is not under the ISAs jurisdiction, in the same way that the Financial Conduct Authority (FCA) only protects British citizens and the CFTC only protects Americans. If an American company tried to sell securities to Israelis, it would be our job to protect our citizens, not the Americans responsibility, he explains, although he adds that the ISA does have very good information exchanges with its foreign counterparts. Yes, but when an Israeli company steals from people in another country, is that not a crime It is a crime, says Shurki, but it8217s not a crime for his authority to investigate. Theres no such thing as a vacuum of authority. If an Israeli commits fraud or misrepresentation, thats the purview of the Israel Police. The French connection Perhaps nowhere is the hand-wringing and acrimony over Israel-based forex and binary options trading more anguished than in the community of French Jews living in Israel. In January of this year, a cover story of the French-language Israel Magazine , a monthly glossy magazine and website serving the French-speaking community in Israel and the Diaspora, was titled, Forex, is it kosher 8216A generation of young people is in the process of perverting themselves into worshipers of the golden calf8217 8212 journalist in a piece warning about Forex In the introduction to the piece, journalist Andre Darmon writes, The point of this article is not to point a finger at some of our fellow citizens or co-religionists, because the phenomenon is global, but to raise awareness that a generation of young people is in the process of perverting themselves into worshipers of the golden calf. And that earning a living does not mean everything is permissible These call centers hire lost young souls, writes journalist Ilana Mazouz in Alliance, a French-Jewish Internet magazine, many who do not speak Hebrew or English, and for a short time provide the illusion of a normal life in Israel. Some rabbis have forbidden people from working in the industry, calling it theft, while rabbinic lectures on the Internet in French bear titles like Forex, dirty work and Amalek. Again, numbers are hard to come by for how many young French speakers are employed in the industry. Didier F. a French-Jewish businessman, told The Times of Israel that after he graduated from the IDC-Herzliya, many of his fellow students were recruited by forex and binary options companies. Didier asserts that many owners of forex websites are members of a French-Jewish community of conmen who are hiding from French law enforcement in Israel, where the police, he alleges, dont bother them over-much. As previously reported in The Times of Israel, about 10 recent immigrants from France were charged last year with cyber crimes and telephone scams, while France has reportedly sent Israel 70 additional formal requests for judicial assistance for cases of suspected fraud. A movie was recently made in France about one of these alleged fraudsters. The movie is called 8220Je Compte sur Vous, French for 8220I8217m counting on you.8221 I love when they say French aliyah has increased so much now it8217s 7,000 people, says Didier. It8217s great, I8217m happy about it. But then you see that many of them are working in the forex industry or binary options industry. You go to Tel Aviv today, when you say to someone in the French community, I work in finance, they immediately think that you work in this shit. Adds Didier: Even if its a small amount of money, theyre stealing money from poor people. Its destroying families. Some people have killed themselves. According to a report in Le Nouvel Observateur, a French news weekly, lAutorite des Marches Financiers, the French securities authority, received a staggering 4,500-plus complaints about forex and binary options fraud in 2014. Those forex and binary options complaints constituted 37 percent of all complaints about securities fraud received by the authority in that year. The majority of the forex transactions that prompted those complaints originated in Israel, the article claims. What does Google have to do with this There is yet another piece of the binary options empire, and it relates to the way Israeli firms manage to reassure customers of their ostensible integrity, via Google. Lets say you are a potential binary options customer. A company has approached you about making a deposit, but you are not sure, so you decide to do your homework. You Google, Are binary options legitimate You will get a list of results, one or two of which may be fraud warnings from the US regulatory body, the CFTC. The first few pages of search results, however, are dominated by sites that purport to warn you away from scam binary options sites and steer you toward legitimate ones. Upon closer examination, however, many of these 8220helpful8221 sites themselves turn out to be affiliates of the binary options companies. Next, you might Google, Are binary options legal in the United States Once again, many of the top results turn out to be websites affiliated with the industry itself, rather than an objective source of information. Some of these sites offer misleading statements and half-truths like There are at this moment no laws both on the federal and state level that forbid US citizens from trading binary options online. US law banning binary options is directed at the companies that market them, not the customers who buy them, so there is some truth in that statement. However, the SEC and CFTC clearly warn investors that they may not have the full safeguards of the federal securities and commodities laws if they purchase unregistered binary options that are not subject to the oversight of U. S. regulators. Aerial view of the coastal city of Herzliya Pituah, July 21, 2010. (Moshe Shai/FLASH90) Many countries, including Canada, publish updated lists of unregistered binary options companies that solicit customers in Canada in violation of the law. A recent Canadian list is here. The list features 37 companies. The Times of Israel went to the website of each company on this list. Some were no longer in operation. Others blocked users from Israel (presumably to avoid trouble with the Israel Securities Authority). One now hosts a porn site. Most were hard to pin down to a geographic location. However, based on first - and secondhand sources, The Times of Israel suspects that more than half of these companies, if not the overwhelming majority, operate from Israel. Investing with offshore companies operating outside of Canada can be risky and is a common red flag of investment fraud, the Canadian Securities Authority warns. Yet if you Google Canada, binary options, blacklist, once again, many of the top search results appear to be industry-affiliated sites, some of which recommend as legitimate the very same sites that are on the Canadian government8217s blacklist. Bryan Seely, a Seattle-based cybersecurity expert, tells The Times of Israel he is not surprised to hear of these Google search results, which, he explains, show Google8217s search engine being manipulated. Bryan Seely (Facebook) Google doesnt make a point of censoring stuff you can find drugs, you can find steroids, you dont have to go to the Silk Road. Google indexes the Internet and ranks things where it ranks them. Asked why, if this industry allegedly has so many victims, their voices dont show up higher in Google rankings, Seely says, the victims aren8217t as good at promoting what happened to them as the people in the binary options industry are at promoting the stuff they8217re selling. The victims aren8217t all going to each other8217s pages 8212 so each victim8217s page would typically have only a low Google ranking. Seely, who has been battling to raise public awareness of massive search engine manipulation in the locksmith industry 8212 another area, incidentally, where systemic fraud in the United States, with large-scale Israeli involvement, has caused scandal in recent years 8212 adds, here8217s the underlying issue: Is Google safe to use Or Bing What he8217s really asking, when it comes to the binary options industry, is whether searching Google will lead a potential investor who fears being defrauded to the independent, credible and accurate information he is seeking. The answer, it would appear, is no. Search engine optimization and the secret of success Over the last decade, Israel earned the nickname 8220start-up8221 nation for its high-tech prowess. But not many people are aware that the country is also a global leader in online marketing and search engine optimization (SEO), an expertise it acquired in the 8220shadow industries8221 of porn, online gambling and binary options, according to TheTime8217s 2014 report on the Israeli Internet industry. That expertise has plainly been applied by fraudulent binary options firms, whose affiliated sites show up high in Google searches 8212 sending unsuspecting and naive clients their way. Yoni S. an Israeli high-tech entrepreneur and SEO consultant, explains that without effective SEO, a fraudulent local player remains local, defrauding perhaps a few hundred victims in his vicinity. But with the power of Internet marketing, the scammer8217s reach can go global. The Times of Israel sent Google a request for an interview about the manipulation of its search platform by allegedly fraudulent businesses in the binary options industry, but Google did not respond. What do the police have to say The Times of Israel contacted the Israel Police repeatedly to ask them about alleged fraud in the forex and binary options industries. Their answers underlined how law enforcement is struggling to grapple with the soaring, fast-moving challenge of Internet crime. If there are investigations going on into fraud, etc. I don8217t have information on this. If someone has filed a complaint to the police, then let me know, Israel Police spokesman Micky Rosenfeld replied. A second police spokesperson, Luba Samri, told The Times of Israel, We got lost in your question. Please focus it more. Who filed a complaint against whom Finally, The Times of Israel called a third spokesperson, Merav Lapidot, and asked her what the police are doing about suspected fraud on a vast scale in the forex and binary options industries in Israel. Israel Police spokeswoman Merav Lapidot, November 28, 2007. (Moshe Shai/FLASH90) This is something you8217re claiming. If no one has complained about it, there is no issue. You want us to check every company in Israel and see if by chance they are committing crimes8221 Told that people who worked inside the industry have described widespread potentially fraudulent behavior on the order of hundreds of millions of dollars, affecting tens of thousands of people, Lapidot replied: But no one has complained. I don8217t know what happens in every company. That8217s not our job. You could start a business tomorrow selling jewelry over the Internet. Will the police come to investigate your business To the suggestion that there may be thousands of victims abroad, Lapidot said, If there is someone who complained, we need to check that specific complaint. We8217re not going to check a whole issue. Is it possible that an entire industry, much of it allegedly corrupt, is slipping through the cracks between Shurki8217s Israel Securities Authority, which doesn8217t handle crimes hatched in Israel whose victims are abroad, and the police, which won8217t act unless specific complaints are filed with them Zvika Rubins, a PR consultant for the Israel Securities Authority, says the law simply hasn8217t caught up with the dubious and crooked methods people have devised to make money on the Internet. When you talk about bits and bytes, its not that simple. Was there a crime Where did it take place For instance, lets say you have a company and its incorporated in the British Virgin Islands and its servers are in India and it has a trading room in Israel. Is it an Israeli company I dont know. Rubins, who stresses that he is not an expert on criminal law, muses that if someone in Israel commits a crime against someone in, say, France, over the Internet, then it might be the responsibility of the French to open an investigation, trace the crime to Israel, and approach the Israeli police about it. Zvika Rubins (Facebook) Yoni S. the SEO expert, is outraged by this approach. In Israel its against the law to murder, but if I establish a company in Israel that murders people through the Internet in Malaysia, that8217s okay Seely sees the problem as extremely serious and growing: We8217re becoming a global culture and global economy, and physical borders don8217t exist on the Internet. It8217s become easier to scam people all over the world. We have no protections in place to prevent it and it8217s getting worse. Its a jungle out there, says Yoni, referring to the fact that people do all sorts of things on the Internet that would be illegal within their own borders. The Internet came in, no one has passed any regulation yet, and now there is an opportunity to make tons of money in the jungle.8221 A response from inside the industry Tali Yaron-Eldar, Israel8217s income tax commissioner from 2002 to 2004, in 2007 founded eTrader, a binary options firm that targets Israelis, along with Shay Ben-Asulin. who also co-founded AnyOption, one of Israel8217s largest binary options companies with revenues in the tens of millions of dollars. In 2011, Ben-Asulin was indicted by the United States for securities fraud, and last month he was convicted of fraud by an Israeli court for helping an Israeli credit card company, ICC-CAL, illegally clear billions of shekels of charges from porn, binary options and gambling websites, as well as conceal the number of canceled transactions. For his crimes, Ben-Asulin will do five months of community service and pay a fine of less than 1 million. Tali Yaron-Eldar (Screenshot Channel 10) In a 2014 interview (Hebrew) with Israel8217s Channel 10 news, when asked if she was discomfited by the fact of young demobilized soldiers and old pensioners losing all their money trading binary options, Yaron-Eldar responded: 8220Ask the people who invested and lost their money. All of them knew they were entering something risky.8221 The Times of Israel contacted Yaron-Eldar to ask her about alleged fraud within the binary options industry. To the extent that this is true, she said, it applies to unregulated companies. 8220The companies with a license are very careful,8221 she says. 8220AnyOption a company she is associated with has a Cypriot license. It is very careful to follow the law. It is being watched all the time.8221 In Yaron-Eldar8217s view, and contrary to the opinions of other people interviewed for this article, Cypriot regulation is very tough, on a par with the UK8217s Financial Conduct Authority (FCA). Asked about the fact that the Canadian government has included AnyOption on a list of companies illegally soliciting Canadian citizens, Yaron-Eldar replies, 8220Not that I am aware of.8221 In fact, Yaron-Eldar insists that AnyOption is not an Israeli company at all. 8220AnyOption does not have offices in Tel Aviv. It8217s a company that operates from Cyprus.8221 Indeed, a perusal of anyoption reveals no references to Israel. Nevertheless, it is no secret that hundreds of employees go to work each day at AnyOption8217s offices at 38 Habarzel Street in Tel Aviv8217s Ramat Hachayal neighborhood. How does she explain this discrepancy 8220They8217re not working for the same company,8221 she says. 8220They8217re working for AnyOption Israel, not AnyOption Cyprus. The company they work for is a service provider to the company in Cyprus.8221 In other words, AnyOption (like many other binary options companies with similar corporate structures) is not in fact an Israeli company, according to Yaron-Eldar8217s reasoning. This means that it, and many others like it, is subject to Cypriot law and regulation, not Israeli law. Since much of the regulated part of the binary options industry is subject to Cypriot regulation, the honesty or dishonesty of those firms may hinge on the strength and honesty of Cypriot law enforcement. Where are the victims The Times of Israel contacted the FBI to see if anyone had complained about forex or binary options call centers in Israel, but the agency did not respond. ASIC, the Australian Securities and Investments Commission, replied in an email, We don8217t comment on operational matters, this includes confirming or denying if we have received complaints about a particular matter or not. A French government spokeswoman, however, confirmed that France has been having problems with forex fraud emanating from Israel. Yes, there are some cases of fraud, as you say,8221 she said. 8220Forex is not per se a fraud but it can be used for fraudulent objectives. We have had some cases between France and Israel, and we are in touch with the Israeli authorities about this. There is a very good cooperation between the two countries and the two services on this issue.8221 Back to Australia Ariel Marom, the mysteriously disappeared former forex employee who wrote that anguished 2014 letter to the Knesset, warned of the fallout when the extent of the corruption in the binary options industry in Israel is exposed. 8220What happens when thousands of Turks, Russians, Spaniards, Italians and French figure out that the scam they fell for was carried out from here, in Israel8221 he asked in his letter. 8220Are our regulators waiting for synagogues to start blowing up all over the world to shut this thing down Dan Guralnek, the Australian immigrant, has drawn his own conclusions. 8220This amount of dishonesty would never be allowed to exist in Australia,8221 he says. 8220They would shut down the industry overnight.8221 Guralnek recently became engaged to an Israeli woman. But he hopes to persuade her to move back to Australia with him, in part because of the high cost of living that drove him to work in binary options in the first place, and in part because of the corruption he has encountered. Now I see corruption everywhere I look,8221 he says. 8220Anywhere where there8217s no light shining on the corruption in this country, it feels like its growing.8221 CoursTorah, the website of a Francophone synagogue near Tel Aviv8217s Hamedina Square, has a page on its website warning against the binary options industry, headlined 8220Stop the Scam8221 8220Many people you know work directly or indirectly for these scam websites,8221 reads the page, warning that binary options and the majority of forex companies operating from Israel are fraudulent. It advises congregants to 8220run away from these companies8221 And it issues an evidently all too necessary reminder: 8220Let us remember the eighth commandment, 8216Thou shalt not steal.8221Mylan to buy Perrigo 29 Billion dollars offered in large pharmaceutical acquisition Generic drug maker Mylan has put an offer on the table today to buy Perrigo Co Plc. The Netherlands-based company is prepared to pay 29 billion dollars in this large pharmaceutical acquisition. This deal will definitely expand Mylans role in in the over-the-counter consumer products market. The drug maker will also see its geographic reach increase after the acquisition. Especially in Europe, the company would get a much larger chunk of the market. Number of discussions Mylan expressed its interest in Perrigo in a letter to the Irish company today, after a number of discussions on the matter between the 2 companies. The idea of taking over Perrigo has existed for some time now. With the acquisition, Mylan can add a large and interesting portfolio to its range of products. The offer of 29 billion dollars can be translated to 205 dollars per share, which is a premium of over 25 percent over Perrigos closing price last Friday. Bidding war According to Mylan Executive Chairman Robert Coury, now is the right time for the 2 companies to join forces. But the American drug maker isnt the only one interested in Perrigo. According to analysts, 2 other pharmaceutical companies could also become the new owners of the Irish company. Teva Pharmaceutical Industries, known as the largest manufacturer of generic drugs, and Valeant Pharmaceuticals International, may still step in and spark a bidding war. Shares jump Both companies saw their shares jump well over 15 percent after the news of a possible acquisition came out. At the moment this article was published, Mylan shares were still at 69.44, more than 15 percent above their opening price of 60.17 dollars. Perrigo shares initially jumped above Mylans bidding price of 205 dollars to a price 215.72 dollars, but quickly dropped under 200 dollars. Trade pharmaceutical binary options Want to trade binary options on pharmaceutical companies Take a look at our binary options brokers. The Truth About Binary Options Legit Trading or Scam Theres a lot of talk about binary options these days. However most of the time binary options are presented as the answer to all of your financial problems. In reality, nothing can be farther from the truth. In this article Ill look into the real aspect of binary options in order to reveal the truth behind them. How do binary options work In binary trading you will have to invest in the future movement of certain assets such as gold, stocks, markets, etc. More concretely, you will have to predict if the value of such assets will increase or decrease during a certain time frame. If your prediction will become true, then in exchange, you will win and earn a commission on your investment. If your prediction will not come true, you will lose all the money you have invested in making this prediction. Presented this way it becomes obvious that binary options resemble more to sports betting rather than real investing. Binary options seem nothing more than betting on financial assets, much like you would be betting on the outcome of a sports game. So, is it a scam Its not really a scam, as the majority of companies that offer binary options are legit businesses. As legit brokers, your money will not be stolen and you wont be defrauded. The problem is that at this moment the majority of brokers promise unrealistic winning expectations to their traders. As you can see on the list of binary options companies advertised on this site, most of them claim to offer way too large payouts. The most common way binary brokers attract new traders is to show them cases where simple people managed to win huge amounts of money by just trading low amounts on gold and other popular assets. Sure, cases like that do most likely exist but they are the exception and not the rule. The same way that in sports betting a few handful of people manage to win extremely large sums form now and then, in binary options trading some traders will also be able to make bank. Sin embargo, esto ocurre muy raramente. Not knowing this, a lot of people sign up at binary options brokers that offer unrealistic winning opportunities. In the end, the people end up losing all of the money that they trade with since they approach the whole thing wrong. But can you really win Like said, it mostly depends on luck but generally yes, you can really win. The thing brokers will however not tell you is that you will have to put in a lot of effort and research if you want to consistently win. Like in sports betting, if you want to win you will have to have a great knowledge about the sport at hand and about the teams that are playing. You will have to understand the game, the teams and the players inside out. You will have to know about the historical performance, their fitness, injuries and other aspects that might influence a games result. If you factor in all these variables then you will most certainly win in the long run. Its exactly the same in binary options trading. Theres a plethora of variables and risks that you will have to consider in order to accurately predict the future development of an asset. Issues such as time of the year, state of the economy, recent political developments, economic performance of key market makers, recent business news and events are constantly influencing the movement of stock prices and commodities. In order to be able to accurately predict he movement of an asset you will have to be up to date with all of these info. Also, in order to be successful you will have to understand a variety of technical data as well, such as being able to read charts, use technical indicators. understand statistic calculations and much more. So, as you see, binary options is much more than just investing 100 on gold and than getting 300 back 10 minutes later. If this is your approach, then you will 100 lose. But all this seems to require a huge effort Indeed. Thats exactly what it requires. I know most brokers and websites advertising binary options make a lot of bold promises but in reality its much more complicated than that. In order to really make money you will have to invest significant amounts of time into research and into learning the technical aspects of this business. No matter what anyone promises you will never be able to just make easy money by placing some random bets here and there. Brokers count on you doing exactly this because they know that this way in the long run, you will be the one paying the price of becoming a losing trader (meaning brokers will be making money off of you). So, this is the truth behind going into the binary option business. I believe theres not necessarily anything inherently wrong with this form of online trading (or better said betting) except that at this moment they are artificially hyped up and are dishonestly being presented as something they arent. It is always best to get some regulatory advice from someone knowledgeable about the trade before going into it. 2016 Update: The Changes So Far When we last talked about the inherent truths of binary options trading, it became clear that this is a genuine form of trading, except that unique effort is required to make consistent wins over the long run. But that was back in 2014 and things have changed quite a bit since then. As mentioned earlier, there is still no easy shortcut to binary options trading success you will still need to invest time to learn the basics of this form of trading to truly make it a way of living. That said, some developments have come in the industry that might make it easier for you to make a living through binary options trading over the last two years or so. More Welcoming To New Traders For one, social trading has finally become a major aspect of binary options trading. This holds some hope for newbies who would like to start making money without having to undergo a protracted learning curve. Some brokers even offer in-house social trading platforms that let you profit from the trading experience of highly successful binary option traders within the company. Of course, there is also a risk that the trader you choose to follow is not going to make it over the long run, in which case you risk losing money over time. So, you will have to choose your signal providers very carefully to avoid disappointments. Then there is also the issue of binary options robots. Unfortunately, many of these bots are scams. which is why you would be better off avoiding them altogether unless in cases where the broker is offering their own auto trading services. But even then, you cannot really count on such brokers giving you a very profitable automated trading tool. You will have to do your own research first to see if the auto trading system is worth its salt. And should you choose to use an independent binary trading robot company, you will have to be extra vigilant to avoid getting scammed. More Tools For Advanced Traders As Well There have been advances in other areas of the industry as well. For instance, it is now easier to get access to the financial information you need to make your trading decisions than it was two years ago. Premium binary option brokers now have great platforms that give you a chance to do comprehensive technical analysis on the assets you are trading, which means you can now make better trading decisions. Additionally, there have been cases of brokers introducing robots that scour financial news wires and give you all the recent financial news so that you can understand and even anticipate what is going to happen in the markets. All these advancements should surely make trading binary options for a living much easier. Still Legit Yes, the binary options is still legit and growing. But you will still have to jump through lots of hoops to make it in the industry as a beginner. Lots of scams have come up of late to take advantage of people entering the industry for the first time. But at the same time, we now have a broader selection of reliable and legit brokers and signal providers than was the case a few years ago. Furthermore, with technological innovations allowing the use of technical and fundamental analysis in binary options trading, the sector should be a lot more lucrative in this day and age. It is just that today, you will have to be a lot more watchful of who you get into bed with when entering the industry to keep your money from falling into the wrong hands. Otherwise, you can make a good living trading binary options, even without much trading experience. Recommended Binary Options Companies Up to a 50 bonus - 70-95 Return Rate 100 Bonus, Up to 3,500 - 78-88 Return Rate The Starving Artist Canada (blerghhh) June 26, 2014 at 6:25 am - Reply Brokers generally charge a fixed fee per trade, so they don8217t care if you win or lose. Generally they prefer that you trade more so they make more. So encouraging customers to join up, trade foolishly, and flame-out isn8217t exactly a winning strategy for the brokerage either. They generally want their customers to succeed, but most laws generally prohibit brokerages from offering advice of any kind. Binary options trading could be as legit as any other investment channel but the snake-oil salesman approach by advertisers amp affiliates has changed the perception. Claims of multiplying investments in minutes et al have people flocking to these online brokers without spending some time learning the fundamentals even. Done right and with patience, binary options trading can definitely be a viable option I8217m not sure about binary options. Everything I read about it sounds like gambling to me. Maybe I just don8217t know enough about it, but I8217ll stay away from it for now. Wow, I actually hadn8217t looked into binary options too much because I didn8217t understand them. Thanks for the post, but I still think I8217ll stay away8230 sheesh, I have to focus on socking away some money in my Roth before I even get to think about anything else Zee Work To Not Work June 26, 2014 at 7:37 pm - Reply I8217ve never invested in binary options, but I have invested in a pharmaceutical company that had an upcoming binary event. Basically if their drug was approved by the FDA I was golden, and if it wasn8217t then it would tank. Either way, on a specific day the stock swung heavily one way or the other. But like you said, you have to do your research. I knew the companies history, I knew about their drug and how it was progressing. It had failed in the past and I knew they were covering it8217s shortcomings from the previous attempt so those weren8217t going to be an issue anymore and wouldn8217t be denied for the same reasons. But it was still a huge gamble it felt like. The day before it went down 40, then the day after it was approved it went up 80. It was a roller coaster and it taught me my risk tolerance. It8217s not for the weak of stomach and it8217s not for those who don8217t do their research. Share Investor Malaysia June 29, 2014 at 2:32 am - Reply Binary Options sounds like gambling. In Binary Options, they took casino 101 business plan and change the 8216Betting8217 to 8216Trading8217. They pay back 75 cents for each 1. You can get better odds at Las Vegas. Fernando September 25, 2014 at 6:20 pm - Reply I have to say thank you. In a web-world completely stuck with useless golden promises about this binary gambling (well, it8217s not actually, actually gambling, as you can control de odds in a much better way 8211 again, doing the research you refer to 8211 than you would in the roulette, for instance, where the odds for success increase as much as your profit expectation decreases 8211 by betting in a lot numbers it8217s more likely you8217ll win than if you bet in just a couple of them, but then the percentage of profit will also be logically much smaller, while here the risk is always the same, let8217s say 50, and the profit can be enormous, if you did your homework, which is something just impossible in most pure gambling. I don8217t see, for instance, sports betting as pure gambling as, although the factor luck is there, there8217s also a strong component of study and controlling the odds, lets say. Anyway, enough confusion in my comment. What I mean is that you have the rare capacity of explaining something quite complex in a way that even myself 8211 completely ignorant on which concerns investment and markets 8211 could understand it without the need to re-read thank you very much, once again. After all those pop-up ads where a guy starts talking, literally, about how rich he is and how rich he8217s going to make you (without any profit kept for himself, which is not only commendable, but above all we8217re almost talking here about the phenomenon guy-deserving-to-be-promoted-to-some-sort-of-saintish-entity), it8217s refreshing and money-saving to have someone with clear-headed thinking they can actually put my feet on the ground and slap me back to reality while saying 8220you live in a real world and all of this is fantasy8221. Una vez mas, Gracias. People like you are the reason I8217m still allowed a bank account in every country I8217ve lived in so far. Also, if it wasn8217t for this kind of down to earth advice, I8217d probably be looking now at an empty fridge, an empty bank statement and a very rich list of binary transactions deadly gone wrong8230 Thank you, for he 3rd time. Best regards, Fernando Yes, it is hard to make money. Banc de Binary is one of those who likes to see you loose. Their advisers are all scammers. When you lose, they will pretend to fire their advisors but in fact they rotate them to other clients and then ask to top up money and promise to make back for you. of course the loser is you. Don8217t use them Phil binaryoptionsinvestor November 12, 2014 at 12:21 pm - Reply I think the problem is that most people fall for the online marketing and lure of high profits and riches. The truth is that these contracts are really wagers, much like those used in sports. You can 8216trade8217 them and make money, but you need to go into it with your eyes wide opened and realize that trading is not as simple as it is often made to look. Binary options definitely takes work, like most things in life if you want to make money you have to but in effort If you understand the assets and why they move, play with a few strategies that work for you and never deposit more than you can afford 8211 one can make money with this type of trading. It just takes time and effort. Good luck Is Binary Option a Scam January 9, 2017 at 3:32 am - Reply It is a problem that binary options industry has become a shady place with so many brokers and information products like robots, systems, etc. One should definitely make their own research before investing real money into it. Just a handful of brokers allow demo accounts. Charles Barker January 20, 2017 at 3:45 am - Reply I have quit my day job a year ago and Ive been making a living online ever since. One biggest source of my income is online trading (binary amp forex). I can attest that binary options really work. Of course, is NOT a quick rich scheme You just have to learn the right strategy in order to work. pete ancich February 6, 2017 at 6:02 am - Reply I have been doing research on binary options and am about to start an account. Do you have any tips for a first timer. I too also demo a Forex account. Would love some advice 8220I can attest that binary options really work.8221 LOL That is a nonsensical statement 8211 define 8220really work.8221 But if you will actually 8220attest8221 to it, then post your binary options brokerage statements so we can see how they 8220really work,8221 or simply post your strategy. kyle the don February 18, 2016 at 4:14 pm - Reply lmao. trying reverse psychology to get his strategy. he put in work and so have i as i am successful as well. stop coming on here for answers and put in the work yourself I find the gamble plays a large role in the type of binary options traders are trading. Those that trade short term options like 60 second trades are gambling because there is never enough qualitative data to actually predict market movements minute to minute. Longer trades, like 30 minutes to 1 hour can be effectively predicted using classic Foreign exchange trading strategies and basic price action or fundamental analysis. It may be possible to put such systems to the test prior to spending any money. The best case scenario would be to take advantage of a free trial offer and then test the suggested trades while using a free demo account. Thanks for this great review. Indeed you are right. Binary options trading involve much more than just investing some money and expecting a quick return. Traders need to keep in touch with latest economic and political news. I would also advise new traders to read about the brokers before undertaking any transaction. Some are real scams while others are honest in their dealings. I was contacted by a broker who was sure i could make some easy money from the crisis in Gasa and Ukraine. I8217ve put 5K on oil going up for couple days and won around 3.5K. The trick was that he matched my 5k with another 5k and i had to multiply that by 25 or 100, i don8217t remember. So basically they make you win once or twice and then just make you lose, getting back there money. I contacted the bank and said i was scammed, that8217s how i got my 5k back. There is no such thing as easy money. The site was binary goals8230 In my experience there are two types of binary options trading. Firstly you get the typical offshore-brokerages which offer what you have above. For every 1 8220invested8221 you either get the amount back plus 0.75 or you lose the full 1. Anyone that has formally studied derivatives and options pricing theory would know that this is ridiculous. Basically what you should pay for entering a binary options contract is the discounted expected value of the future payoffs based on the underlying asset. This is simply saying that it you can either gain 1 or 0 then with a 50/50 odds you should pay the price of 0.5 for the contract. Now even if you have a guaranteed 100 of winning, the most you would have to pay for the binary options offering 0.75 or 0 payouts is exactly 0.75. Thus by paying 1 you are being stupid. Paying more than the expected value is an example of risk seeking and you will lose in the long term. Moreover, you can usually sell the option back to the platform but the rates offered are laughable. I have not seen one platform that offers any selling price where you would profit, even if the option is in the money. Secondly there is a better and more structured way to trade binary options which correspond much more to what binary options really are. You can google Nadex (North America Derivatives Exchange) or Cantor Exchange Limited or CME (Chicago Mercantile Exchange). Here you trade REAL binary options where the price for buying or selling the options is always between 0 and 100. NOTE: The price you buy or sell at is what the market thinks is going to happen and how it values the true probability of the option expiring in or out of the money. Example, given an expiry in an hour on EUR/USD with strike gt1.06500, meaning that the binary option has a fixed strike rate, you can buy the option if you believe it is true (i. e. that the price in an hour will be strictly above or 1.06500) or you can sell the option. Buying and selling takes place using a bid offer spread and a small commission charged. So let us say that the current quote is 34/41 meaning you can buy the options at 41 or sell it at 34. If you buy the option at 41 and in an hour it expires above 1.06500 you will get 100-41 59 in profit PLUS your original 41 (less exchange fees of course, which is normally around 0.9 per trade). Clearly you made 59/41 143 on the investment. Incidentally it is possible that during the hour the price offered changes to 75/84 and thus you can SELL EARLY at the price of 75. Thus your profit would be 75-41 34 (i. e. 91). Of course you can buy at 84 and make a profit of 16 as well (which is technically a safe bet, but you are still risking 84) I would rather sell at this price. Of course there are other features such as GTC orders where you can fix the price you would be prepared to buy/sell at in the market and hope that your price is filled. You are trading against other traders and thus there is no conflict of interest with the exchange or price manipulation etc. In my personal experience, I have been hit very hard and lost a lot of money on the offshore brokers and their silly payout schemes. It took me a while to finally realize how I was cheated8230 My honest advice to anyone wanting to trade binary options is to consult one of the three exchanges I have listed (they are only ones in the market). You benefit from a regulatory system that is much better than the regulation offered by Cysec regulated firms. Of course you must decide for yourself. Jack Knorler December 9, 2017 at 7:37 am - Reply HI, Great article. The main thing here is to have the possibility to differentiate regulated and trusted brokers with brokers with no regulation that only want to scam new investors. There are a lot of experienced traders making great profits but most of the people is losing money, thats the sad reality. If you know how to minimize the risk and take advantage of the market trends, you can have success in your trading Most brokers take advantage with customers funds because they fill these customers dont know how to get their funds back. Pero confía en mí hay maneras ocultas que puede obtener sus fondos perdidos de vuelta del corredor. Pude retirar mi 94000 de los dos corredores me inscribí con mientras que el comercio. If you have lost funds to broker that is more than 5000 please kindly let me know so i can tell you how you can get your money back. Kelvin Fleming April 7, 2016 at 9:09 pm - Reply Hi Sarah. I lost over 200K with the broke Option. fm in the space of about a week. I had a feeling the behaviour of the account manager I was dealing with was strange and reckless. I have a fledgling account with Banc De Binary and the people I have spoken to there said the same things. Simply unreal that he could lose so much so quickly. The word 8216hubris8217 springs to mind. Having thought about it afterwards, I had the feeling that they were making money regardless of the outcome. To all traders respectively, trading binary options is not all about setting up a trading account and deposit in it then run around for strategies. You have to know some strategies don8217t work on some account types. So you should be careful of the kind of strategy or Robot you use to trade or even the signals too. Before I could be making 15,000 every week, I found out this 4 years ago after losing an amount worth my house. The things you feel are nothing are the things making you lose every time you trade. You should be able to know the platform that suits your kinds of trades. Kelvin Fleming April 7, 2016 at 8:59 pm - Reply I joined Option FM and was quickly encouraged to plunge a large amount of money in 8211 actually 8216bullied8217 is the word I8217d use. I wish to Hell I8217d read this page before I did. It looked to be doing well and then in the space of a week, I lost the entire investment of around AU240,000 (About US180,00). I was just gobsmacked at the outcome. The account manage calling himself 8216Ben Wilson8217 (they all use aliases I noticed), responded as if I was being offensive. The whole thing was done so much like a scam I felt. I was completely mislead as the article says. In the end it8217s just gambling, and they don8217t have the special knowledge and analysts they claim to. Once you8217ve joined one broker, they all start ringing. Because the money I invested was actually a housing investment loan, I now have a mortgage to pay the bank. The promises and antics of these companies are completely reckless, amoral and close to criminal in my opinion. Well, first of all before investing a dime to any broker one has to do his homework on the brokers, because due to large number of new brokers joining the industry every day as 12,500 is all it takes to become a binary option broker. Therefore choosing a binary options broker with an established background and reputation plays a vital role in trading. 2. Binary Options trading carries significant risk. Nunca invierta más de lo que puede permitirse perder. Any statements about profits or income, expressed or implied, do not represent a guarantee. Su comercio real puede dar lugar a pérdidas, ya que no se garantiza el sistema de comercio. El rendimiento pasado de cualquier sistema o metodología comercial no es necesariamente indicativo de resultados futuros. Do these phrases sound familiar Any broker has its disclaimer about the binary options trading risks, atleast you have been warned. Again Never invest more than you can afford to lose. Now, binary trading is not gambling if you have worked out your trading strategy, money management and control your emotions before placing a trade. If 8220done right and with patience, binary options trading can definitely be a viable option8221 8211 as it was commented above. Neo2 is without a doubt a scam, by association with known scammer and common crook Michael Freeman, who, having failed to scam people with his own dud software have resorted to team up with other aspiring scammers to con people out of their hard-earned money, first with a couple of pseudo Russian scientists to flog their joint-venture scam Gold Digger, and now with this weatherman. So I am duty-bound to warn traders of this new scam. Beware Beware of anything associated with this common thief and thug, Michael Freeman New alert on Neo2, the latest scam concocted by the low-life scammer and thief Michael Freeman: After an unsuccessful career as a fake watchdog, a dud signals provider and a vender of a variety of dirty scams, this common crook had decided to bolster his faltering fortunes by joining force with more successful scammers. First he recruited two fake Russian scientists who own the Gold Digger scam, and now he has added to his team a weatherman, Jack Piers, who claims to be able to predict movements in the currency market with software for weather forecast, what a bad joke To reinforce my suspicions about this motley mob of crooks and villains, it has just come under my notice that the recommended brokers used by these scoundrels are mostly notorious scam brokers, in particular, UK Options, led by a shameless liar and conman, Sean Park. As the old saying goes, birds of the same feather flock together. So here you have it, a gang of unscrupulous thieves and crooks putting their filthy heads together to work out ways to deceive the public, corrupt the industry and rip off those hard-working people who can least afford it. Most brokers take advantage of their customers funds because they feel these customers don8217t know how to get their funds back, But trust me there are hidden ways you can get your lost funds back from the broker. I was able to withdraw my 94000 from the two brokers I signed up with while trading. If you have lost funds to broker that is more than 5000 please kindly let me know so I can tell you how you can get your money back. Seriously guys, would you put 200k into an online bank with a fancy website No So why trust a broker Before investing in anything do some research. I know it8217s a bit late now but for anyone else reading please, please do some research. Anything that seems too good to be true probably is. With respect to binary options I always thought they were a scam. I then gave them a go with CMC markets UK and I8217ve had some good results so far. My issue with traditional trading was getting stopped out after getting the initial move correct. With binaries you have fixed odds so you know exactly how much you will make (or lose) and you pick the time frame. Make no mistake, if you don8217t know what you are doing and have no rules you WILL lose everything. I8217ve been there and done it 3 times. ¡Vaya! Demo trade then Start with small amounts of capital. Do not ever throw money at people to trade for you. Take the time to educate yourself and rely on your own knowledge to become successful. Always check who the broker is regulated with then check their license with the relevant authority. I hate seeing people getting scammed so don8217t let it happen You can succeed if you have the commitment. Hi Thea, I have read your comment, and I feel I have been Scammed as well. I signed up with a company called Cbinary I invested 6.500 they were always contacting me and liasing with me but since the 20th June there has been nothingI have phoned and phoned my account manager and also cant get onto the websiteHow do I get my money back I feel like a foolI would love your helpRegards Tracey Hussain, there are two ways brokers make money trading binary options. From what I understand they will just take the 8216bet8217. If they lose they pay out your profit of 80 and your initial investment, if you lose they take 100 of the bet. So if you risk 100 they will pay you out 180. If you lose they will take the 100. Most people will lose so odds are they will always make money. Secondly, they match your trade with another traders trade. Lets say you go long Eur/usd for 100. Another trader goes short at the same time for 100. One of you will lose. So the broker will take the 100 off of the loser, pay you 80 and keep 20 thus making profit. That is a very simplified example, in real terms they will 8216pools8217 of money which is constantly filling up, paying out, banking profit etc. I assume thats how they would balance their books in relation to Binaries. They can8217t really hedge the risk as far as I am aware. If you are in the UK check out IG or CMC. Although the binaries are regulated under the gambling commission, the companies themselves are regulated under the FCA so there is no issues in relation to withdrawing money etc. I don8217t work for a broker but I have had some success with binary options to date so I have done quite a bit of research on them. Withdrawal Problems/Lost Funds: There are many binary options companies which are not regulated all around. Most of these offshore companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA). Many of these brokers misappropriate traders money thinking these traders will not act. Godwin Scott August 5, 2016 at 4:29 pm - Reply trading is for everyone because when you use the right strategy, you can get up to 5000 a week. I am a professional binary/forex trader, i enjoy seeing my student make profit from my strategies, trading binary has been my thing, at for the last five years have been a golden years for me. the market has grown phenomenally and traders are joining in the trade in multiples, The binary option have expanded and the systems have become more sophisticated and more accurate. especially with the advent of automated systems. profit have risen and good numbers of traders have made impressive profit from it over times within the same period of times. franklinbolton August 5, 2016 at 4:36 pm - Reply Doing Trade is extremely profitable when using the right techniques and strategies and also frustrating for those without better system to trade and signal provider. If you need an assistance in doing a beneficiary trade and you are losing out all your investment instead of gaining, there is still a big hope for you. You havent listed UBOCapital there one of the biggest thieving scammers around UBO Capital continues on with its Rip off scam. They locked away my funds in an unauthorized Long term trade and refuse to release the funds. But claim that I cant withdraw until I reach their Withdrawal limit. How can I reach the withdrawal limit when I cant trade my own funds and their so called Professional Broker Samantha Novac wont trade them either. Suggesting that she doesnt make enough on these piddley little accounts. of 2 grand She didnt like it when I made more money then she did and so she locked away my funds. Very professional. I have submitted 4 complaints to their management and they just refuse to reply or comment. As they have not provided the professional services that they offered I should be able to withdraw from their service as they have broken the business accord of not providing a true representation of what they are selling. Nada. But it just goes to show what a professional scam they are running Stay away and avoid like the plague
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