![]() Representatives of binary options websites may use delay tactics to hold up your withdrawal request until it is too late for you to dispute the charge(s) with your credit card company. Be skeptical if the names of the persons you are dealing with at a binary options website seem to change frequently or if you are told your former “broker” has been fired. Protect yourself and safeguard your personal information. Representatives of binary options websites may falsely claim that the government requires photocopies of your credit card, passport, driver’s license, utility bills, or other personal data. Representatives of binary options websites may use high pressure sales tactics or even threats (for example, threatening to file a lien against your property) to swindle you. High Pressure Sales Tactics or Threats.Unsolicited offers (you didn’t ask for it and don’t know the sender) to earn investment returns that seem too good to be true may be part of a fraudulent investment scheme. If you are considering investing money with a binary options website, look out for these red flags: Fraudsters may “warn” you that the binary options website you are using is a scam in order to gain your trust and get you to deposit even more money in another website that they also run. Supposedly “unbiased” sources reviewing or ranking binary options websites may have been paid to promote or criticize particular websites. They may misrepresent where they are calling from (for example, pretending that they are in the U.S.). ![]() Representatives of binary options websites may use fictitious names and tout fake credentials, qualifications, and experience. A customer may be asked to, for example, pay $50 for a binary option contract that promises a 50% return if the stock price of XYZ company is above $5 per share when the binary option expires. Typically, a representative of a binary options website will ask a customer to deposit money into an account where the customer can purchase binary options contracts. Given the all-or-nothing payout structure, binary options are sometimes referred to as “all-or-nothing options” or “fixed-return options.” When the binary option expires, the option holder will receive either a pre-determined amount of cash or nothing at all. FXCM TL is an authorized and licensed company, supervised by the Israeli Securities Authority.A binary option is a type of options contract in which the payout will depend entirely on the outcome of a yes/no (binary) proposition. ("FXCM TL" or under its trade name "FXCM Israel), was incorporated in Israel, and its official registrar number is 515234623. FXCM South Africa (PTY) Ltd is an authorized Financial Services Provider and is regulated by the Financial Sector Conduct Authority under registration number 46534. Limited is regulated by the Australian Securities and Investments Commission, AFSL 309763. FXCM EU LTD is a Cyprus Investment Firm ("CIF") registered with the Cyprus Department of Registrar of Companies (HE 405643) and authorised and regulated by the Cyprus Securities and Exchange Commission ("CySEC") under license number 392/20. ![]() Registered in England and Wales with Companies House company number 04072877. Forex Capital Markets Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority. ![]() The FXCM Group is headquartered at 20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom. Vincent Banking Ltd Building James Street Kingstown St. The provided information is not directed at residents of the United States, Canada, United Kingdom, European Union, Hong Kong, Australia, Israel or Japan and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.Īll services and products accessible through the site are provided by FXCM Markets LLC with registered address First Floor, First St. It is important that you read and consider the relevant legal documents associated with your account, including the Terms of Business issued by FXCM Markets LLC before you start trading. Please ensure you fully understand the risks and carefully consider your financial situation and trading experience before trading. These products are not suitable for all investors. Risk Warning: Our products are traded on leverage which means they carry a high level of risk and you could lose more than your deposits. FXCM Markets is not required to hold any financial services license or authorization in St Vincent and the Grenadines to offer its products and services. 17 and is an operating subsidiary within the FXCM group of companies (collectively, the "FXCM Group" or "FXCM"). FXCM Markets LLC ("FXCM Markets") is incorporated in St Vincent and the Grenadines with company registration No.
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