Binary options, an opportunity to fall for scams
Recently I was watching a TV program where a journalist interviewed a series of characters from the underworld, gentlemen specialized in swindling the unwary all over the world. In the interview with one of the crooks, a well-dressed man, owner of a luxury car and a nice yacht said without any remorse the following sentence: "If a mechanic is capable of trusting his money in an unverified web page then he deserves to be swindled". Very harsh but true.
I immediately started to remember those times when I used to receive emails (the so called phishing), when I paid little attention to the security of what was going into my account and I didn't worry about sending to the spam folder the junk that arrived announcing important business opportunities and easy income in a short time. In short, these are nothing more than the so-called "binary options scam".
On several occasions I have received mails in which a company invites me to be part of their team of employees doing remote work. They usually present themselves with a common name, with an important position as a manager or CEO of an important international company. They offer monthly incomes between US$ 3,000 and 5,000. Then they invite you to register your data on their website. Other times you are surfing the Internet and a pop-up advertisement announces: "If you have five minutes, you have to read this message", then they will send you to another site where they explain a fabulous opportunity to get rich, something like US$ 500 per hour in commissions only.
They always try to present themselves as serious people, knowledgeable in the world of investments and trading, they call themselves as a social movement dedicated to help hard working people like you to escape from the crisis and start enjoying life without worry, just enter their website and watch the video to learn how you can unlock a software designed by them, presenting it as a high demand product with which each member generates a lot of money. They always try to weight the supposedly registered software as the key to earning over $8,000 a day. When you enter, you fill out the form with your details to get in touch with an advisor, who then offers details about "the magnificent opportunity."
Like most of us at Leofinance, of this type of tricks we have known any number of cases,in particular I can sniff out fraud like a shark to a drop of blood, since my parents always taught me the following: "easy work does not exist, nobody gives anything so good for free", that is why it is important to know this way of operating which I already mentioned as scam of operations or binary options, that although they are totally legal systems of predictions, in which the investor guided by a broker, predicts the price of a determined financial asset, in a period that can vary from seconds to hours. The potential return offered by a binary option is known before the purchase is made. They are available against a fixed expiration time, which can be from 60 seconds to 30 minutes, an hour before or at the close of the trading day.
Under this scheme, a person exercises the purchase of a share of a certain company trading at US$ 10. If at the close of the trading day the share that was purchased trades above the price, the investor receives the reward offered for the purchase, but if it falls below the price, he loses it. It is the same as betting on a rise or fall, which is why it is called binary.
The problem is that some brokers and others who pretend to be brokers, stimulate the idea in the possible ones of earning a lot of money fast and easy risking little, so they apply techniques to attract the unwary through the internet, for that reason they send massive e-mails to distribution lists that probably have also bought or obtained illegally, trusting that some unwary, attracted by the promise of big profits, fall into the trap and steal their money. These people know how to convince others with promises of secure business and incredible profits.
It is tremendously sad to observe cases of people who lose their life savings by falling into these scams, many of them unemployed who place their hopes in a job in a multinational company that advertises to be looking for "proactive people" to work in just seconds. They claim that 1000 people from your city have joined "the system" while you were reading the information, besides giving you a 5 minute deadline to join the business.
When you enter you realize that the first thing they ask for is your personal data and an email. From there they require you to install a free software to start earning a significant amount of money every day. They always add testimonials of supposed investors who claim to have obtained incredible amounts of money and encourage you to follow the example of the winners. When you get the free program to start investing you are obliged to transfer a symbolic amount of money (between US$ 100 and 500 in fiat or bitcoin) to an account that you and your broker advisor will manage. Obviously, if you transfer the money, it is assumed that the scam has been completed.
Delving into the web pages dedicated to this type of fraud, you see sites with high quality graphics and information, where they do not display the history of the brokers legally recognized or registered with the financial control authority. On the other hand, these alleged undercover companies always locate their headquarters in some foreign country, outside your own jurisdiction. Under an aura of seriousness and professionalism they disguise their true intentions: to steal from you. You may ask yourself, are there really people who believe such a farce, the answer is yes, the temptation to get easy or free money overcomes logic in some people, therefore they are susceptible to be deceived.
Please be cautious, scammers are getting more and more cunning, they know that there are many people behind bitcoin, cryptocurrencies or NFT and therefore they will attract your attention to get your money, if someone offers you great benefits it is a fact they want to rob you.
Posted Using LeoFinance Beta
