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Illegality of Binary Options In Canada~CTV~W5~SCAMBROKER

#1
binary option is a financial option in which the payoff is either some fixed monetary amount or nothing at all.[2][3] The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The former pays some fixed amount of cash if the option expires in-the-money while the latter pays the value of the underlying security. They are also called all-or-nothing optionsdigital options (more common in forex/interest rate markets), and fixed return options (FROs) (on the American Stock Exchange).[4]

While binary options may be used in theoretical asset pricing, they are prone to fraud in their applications and hence banned by regulators in many jurisdictions as a form of gambling.[5] Many binary option outlets have been exposed as fraudulent.[6] The U.S. FBI is investigating binary option scams throughout the world, and the Israeli police has tied the industry to criminal syndicates.[7][8][9] The FBI estimates that the scammers steal $10 billion annually worldwide.[10] The use of the names of famous and respectable people such as Richard Branson to encourage people to buy fake "investments" is frequent and increasing.[11] Articles published in the Times of Israel newspaper explain the fraud in detail, using the experience of former insiders such as a job-seeker recruited by a fake binary options broker, who was told to "leave [his] conscience at the door".[12][13] Following an investigation by the Times of IsraelIsrael's cabinet approved a ban on sale of binary options in June 2017,[14]and a law banning the products was approved by the Knesset in October 2017.[15][16]\

wikipedia
 
https://www.binaryoptionscanada.net/legal/

http://www.binaryoptionsfraud.ca/

SCAMBROKER

https://www.youtube.com/watch?v=r_m0b-Y9l7A

https://www.youtube.com/watch?v=4y2qv1cNbho&t=330s
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Mark (03-15-2018, 12:57 AM), Desmond (03-27-2018, 11:23 AM)

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