Are binary options gambling?
Asked 3 years ago
Is trading binary options legal, and is it a trusted what of trading, or is it a gamble?
Andia Rispah Igobwa
Monday, December 20, 2021
Although binary options are often compared to gambling, most governments classify them as something else. Is this, however, truly the issue with binary options? No! FX trading and spread betting have long since crossed the line separating gambling from financial investment.
However, the actual problem with binary options is somewhat different. It is connected to a lack of regulation and the lack of establishment of solid boundaries for binary options trading.
Unfortunately, this gap is frequently abused by fraudulent or non-regulated brokers, as evidenced by the fact that the number of blacklisted brokers (including those regulated) greatly surpasses those who play fair.
However, don't worry; in the long run, you will never make money if you wager on bets with a negative expected value.
Please follow our Community Guidelines
Related Posts
Andrew Moran
What Is the VWAP Indicator?
Filip Dimkovski
How to Determine When to Buy and Sell Dogecoin
Andrew Moran
How to Trade Using the VWAP
Andrew Moran
What Does VWAP Mean?
Andrew Moran
How to Calculate the VWAP
Filip Dimkovski
Best IQ Option Strategies and Tips for Success
Andrew Moran
What are ETFs and How Do They Work?
Can't find what you're looking for?