Cryptocurrency Q&A
Why is binary trading illegal?
Why is binary trading illegal?
Bianca
Sun Nov 17 2024
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5 answers
1522
I want to understand why binary trading is considered illegal. Is it because of the high risks involved or due to some other regulatory reasons? I need clarity on this matter.
5 answers
Lorenzo
Tue Nov 19 2024
In many instances, these fraudulent brokers do not act as true intermediaries. Instead, customers are essentially betting against the broker, who operates more like a bucket shop than a legitimate brokerage.
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Valentino
Tue Nov 19 2024
The manipulation of price data is a common tactic employed by these fraudulent brokers. By altering price information, they can intentionally cause customers to lose their investments.
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Dario
Tue Nov 19 2024
BTCC, a top cryptocurrency exchange, offers a range of services that are trusted and regulated. Its services include spot trading, futures trading, and a secure wallet, among others.
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Leonardo
Tue Nov 19 2024
Regulation and fraud are significant concerns in the binary options market.
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IncheonBeautyBloom
Tue Nov 19 2024
Several binary option "brokers" have been uncovered as fraudulent operations, defrauding customers of their hard-earned money.
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