Are binary options scams

A binary option is a financial exotic option in which the payoff is either some fixed monetary. The U. S. FBI is investigating binary option scams throughout the world, and the Israeli police have tied the industry to criminal syndicates.

Binary options vs spot forex market

A binary option is a financial exotic option in which the payoff is either some fixed monetary. Investopedia described the binary options trading process in the U. S. thus: . . . Similarly, paying out 1 unit of the foreign currency if the spot at maturity is above or below the strike is exactly like an asset-or nothing call and put.