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Globes: unmasking the fraudulent practices of binary options

Israel’s binary options industry is a kind of high-risk securities industry that is more akin to a casino. It is becoming clear that Israel’s hidden binary options industry comprises two thirds of the market for these securities and has become a major export industry.

High-risk securities industry

Binary options concern the change in the trend, in other words whether something rises or falls over a pre-determined period of time, whether it is a stock, currency or commodity. The option promises the investor pre-determined returns and thus cancels the significance of the gap between the rate at which the deal is implemented and the rate when the option expires. Israel is a global center for online binary options trading but in recent years this industry, which targets customers overseas, has been subject to major criticism and charges ranging from immorality to fraud.

Read more at Globes.

This article is summarized by Canadian Fraud News Inc.