Cryptocurrency Q&A Why are binary options illegal?

Why are binary options illegal?

Andrea Andrea Mon Dec 02 2024 | 7 answers 1888
I'm trying to understand why binary options are considered illegal. I've heard they involve high risks but what exactly makes them unlawful? Is it the trading mechanism or some other regulatory issues? Why are binary options illegal?

7 answers

Valentina Valentina Wed Dec 04 2024
The platform extends the countdown to expiration arbitrarily.

Was this helpful?

344
79
CharmedSun CharmedSun Wed Dec 04 2024
Complaints have been raised against Internet-based binary options trading platforms.

Was this helpful?

159
65
FireflySoul FireflySoul Wed Dec 04 2024
The allegations claim that these platforms manipulate the trading software.

Was this helpful?

246
32
Paolo Paolo Wed Dec 04 2024
This manipulation is said to distort binary options prices and payouts.

Was this helpful?

389
36
Lorenzo Lorenzo Wed Dec 04 2024
Specifically, it is alleged that when a customer's trade is showing a profit.

Was this helpful?

225
53
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts