Are binary options legit?

Binary options are legit; however, not all businesses that offer trading with binary options are legit. It’s important to make sure you choose a legit company with a secure, reputable, and regulated trading portal to protect yourself from binary options scams. So, you want to get into binary options trading but don’t want to be in a scam.

Are binary options a good investment?

As you can see, binary options is much more than just investing $100 on gold and then getting $300 back 10 minutes later. If this is your approach, then you will lose 100% of your investment sooner than later. But That Sounds Hard! Yes indeed! That’s exactly what solid binary trading requires.

Can a holder buy or sell a binary option?

Once the option is acquired, there is no further decision for the holder to make regarding the exercise of the binary option because binary options exercise automatically. Unlike other types of options, a binary option does not give the holder the right to buy or sell the specified asset.