BINR
Binary options scams refer to fraud schemes involving the offer of trading in binary options, which are a type of investment where the trader bets on the direction (i.e., up or down) of a financial asset’s price within a predetermined timeframe.
Bureau of National Recovery
- Project Date : 2018
- Project Type : Business Strategy
- Project Process : Completed Project
The scammers will lure the victims by promising high returns on investment, and often claim to be associated with a legitimate financial institution.
However, they are only interested in gaining access to the victim’s personal information and funds. In reality, the binary options are often manipulated by the scammers to ensure that the victim always loses their investment. Binary Options Scams refer to fraudulent schemes where individuals are attracted to trade on Binary Options platforms, with the promise of large returns in a short period of time. The scammers often use high-pressure tactics and manipulation to get their victims to invest in their fake platform. Once the victim deposits money, the scammer will often refuse to return the funds or will make it extremely difficult to withdraw the funds.
These scams are often promoted through social media ads and promises of quick returns, but in reality, they are very difficult to win and the odds are always stacked against the investor.
