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.
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