Tempos de opção binária de israel

Tempos de opção binária de israel
EUA grátis 1888-577-3855.
Opções binárias & # 038; Fraude Financeira.
As opções binárias envolvem a aposta sobre se os ativos financeiros, como ações, commodities, moedas ou outros títulos vão subir ou descer em valor em um período de tempo específico. O tempo para a opção de "amadurecer" é curto, pode levar apenas um minuto. As apostas vencedoras pagam apenas um retorno fixo e não podem ser revendidas. Embora as opções binárias sejam comercializadas como investimentos legítimos, são consideradas semelhantes ao jogo e, na realidade, são muitas vezes fraudes. A indústria envolve enormes somas de dinheiro, em vários continentes.
Todas as empresas israelenses de opções binárias estão proibidas pela Autoridade de Valores Mobiliários de Israel de atacar israelenses, mas as empresas continuam livres para solicitar clientes no exterior.
O Times de Israel estimou que existem mais de 100 empresas envolvidas no setor em Israel. Embora nem todas as empresas que oferecem opções binárias sejam fraudulentas, muitas que afirmam estar introduzindo seus clientes em investimentos lucrativos estão usando falsas declarações e outras práticas supostamente desacreditadas. Um grande número de clientes acaba perdendo todo ou praticamente todo o seu dinheiro. Eles então têm a dificuldade de tentar rastrear a empresa a quem deram seu dinheiro, sem perceber que, embora possam ter sido informados de que estava registrado no Reino Unido, por exemplo, na verdade, ele estaria operando a partir de Israel.
Muitas empresas de opções binárias que operam globalmente são completamente desregulamentadas. Em agosto de 2016, o regulador da Bélgica, o FSMA, tornou-se o primeiro país europeu a proibir a publicidade e o marketing, além de oferecer produtos estrangeiros, opções binárias e alguns CFDs (contrato por diferença). Isso resultou em uma proibição total do comércio de produtos financeiros alavancados na Bélgica para os comerciantes de varejo. O regulador financeiro da França, AMF, proibiu toda a publicidade de produtos estrangeiros, opções binárias e alguns CFDs. Os Estados Unidos proibiram a negociação de opções binárias em uma base OTC (over-the-counter), bem como qualquer empresa que forneça isso de operar em sua jurisdição.
O mercado forex está aberto 24 horas por dia e é onde as moedas do mundo são negociadas. Não há mercado centralizado para a negociação de moedas e negociação forex pode ser muito arriscado. É um mercado de negociação legítimo e não uma fraude em si, no entanto, é um mercado de alta alavancagem e pode ser imprevisível com flutuações freqüentes de preços, apresentando a oportunidade de fazer com que instituições, empresas e indivíduos ganhem muito dinheiro. Como resultado, existem muitas empresas que aproveitam essa situação.
O Comitê de Controle do Estado do Knesset se reuniu na segunda-feira, 2 de janeiro de 2017, para analisar como os órgãos de aplicação da lei de Israel poderiam unir forças para combater a indústria fraudulenta de opções binárias de Israel, seguindo críticas internas e externas pelo fracasso em lidar adequadamente com esse setor.
Os investidores devem entender os riscos associados à opção binária e à negociação forex, e que há um número crescente de fraudes financeiras sendo perpetradas pelos corretores para apropriação indevida de seu dinheiro.
The Times of Israel produziu uma série de artigos expondo a indústria fraudulenta de opções binárias de Israel (timesofisrael / topic / binary-options /)
Se você se viu vítima de opções binárias e fraudes relacionadas, ligue para nós e passaremos pelas opções de recuperação com você. Birman Law tem uma experiência significativa em rastrear a localização e identidade real de empresas de opções binárias, muitas das quais usam endereços e nomes fictícios. Birman Law luta em nome de seus clientes destemidamente e se esforça para obter o máximo de seu dinheiro de volta quanto possível, bem como responsabilizar os responsáveis. Reconhecemos que a fraude financeira coloca os clientes sob estresse emocional e financeiro e procuramos ajudá-lo nessa tentativa.
Qual é o processo?
Nós rastreamos o paradeiro de várias COMPANHIAS DE OPÇÕES BINÁRIAS e pudemos verificar que 99% das empresas de Opções Binárias são baseadas principalmente em Israel ou operadas por cidadãos israelenses. Essas informações são fáceis de obter por meio de fontes de mídia e pesquisas na Internet, mas saber sua localização é apenas o primeiro passo. Muitas dessas operações afirmam estar localizadas no Reino Unido e são afiliadas a bancos em várias partes do mundo.
Os "corretores" com quem você falou usam aliases para proteger sua identidade. Para que nossos clientes se confrontem com a indústria binária de muitos bilhões de dólares, nossos clientes precisam se armar com as melhores e mais brilhantes mentes legais de Israel. Na tentativa de encontrar o escritório de advocacia mais formidável para os nossos clientes, entrevistamos os escritórios de advocacia israelenses de maior prestígio, a fim de identificar nosso candidato escolhido, que irá representá-lo, desde a obtenção de provas até o litígio.
Para aqueles que estão familiarizados com os defensores de Israel, os advogados que nossos clientes contratam não serão uma surpresa. Os advogados com quem trabalhamos concentram-se em assuntos que exigem atenção especial, ampla experiência e sofisticação. Eles entendem a natureza sensível da fraude financeira e as dificuldades emocionais que a cercam.
Primeira recuperação financeira irá fornecer-lhe uma mão amiga durante todo este tempo tentando e estará trabalhando incansavelmente para recuperar seus fundos. A Wealth Recovery International cobra uma taxa, uma vez que um advogado tenha sido retido e apenas receba o pagamento quando estiver confiante de que recebeu a melhor representação que o país de Israel tem a oferecer. Para mais informações sobre nossos advogados, visite o site ou fique à vontade para ligar diretamente para eles.
Regulado vs. Não Regulamentado.
PLATAFORMAS BINÁRIAS e corretoras devem ser regulamentadas. Via de regra, os mercados e as economias não podem funcionar sem princípios que salvaguardem direitos, validem transações e garantam uma concorrência justa. Todo mercado tem seus protocolos que geralmente são definidos por um híbrido de supervisores governamentais e de terceiros. Quando alguém engana o sistema, ele pode ser facilmente detectado pelas autoridades competentes. As pessoas que tentarem usar atalhos serão colocadas em seu lugar. No entanto, plataformas de opções binárias não regulamentadas são capazes de manipular o mercado. Não há nenhum mecanismo para impedi-los de perpetuar a fraude e tirar proveito de seus clientes.
Órgãos reguladores como CySEC, CFTC e FINRA surgiram em todo o mundo para manter seguras as plataformas binárias de corretagem. Isso, no entanto, não significa que todas as plataformas sejam reguladas. Empresas como a Traderush, a Binary Book, a Bigoption, a Porter Finance, a Glenridge Capital, a Magnum Options, a BOSS CAPITAL e muitas outras são empresas binárias não regulamentadas.
A maioria dos representantes de vendas com quem você falou usou apelidos para proteger sua verdadeira identidade na esperança de escapar da justiça. Esses “corretores” estão bem cientes dos aspectos antiéticos das Opções Binárias não regulamentadas, portanto, o período de emprego é muito curto e a taxa de rotatividade é muito alta. Você pode ter falado com vários corretores durante seu tempo lidando com OPÇÕES BINÁRIAS. Muitas vezes, o único conhecimento que esses chamados corretores possuem dos mercados financeiros é de um curso intensivo de uma semana que ocorre no início de seu emprego.
Depois de um curso acelerado em economia pirateada e táticas de vendas de alta pressão (incluindo vergonha e culpa), elas são espremidas em call centers, fazendo contatos em todo o mundo e defraudando investidores. Eles podem até chegar a dizer que são altamente qualificados e que são traders experientes.
O corretor não explica que as plataformas de opções binárias operam como um cassino. O corretor recebe uma porcentagem do dinheiro que seus clientes depositaram menos suas retiradas em um determinado mês. É contra o interesse próprio dos corretores permitir levantamentos, sempre criando a ilusão de que eles estão do seu lado. Qualquer corretor que afirme que só ganha dinheiro quando você ganhar dinheiro é um mentiroso impaciente. O dinheiro que ganham vem diretamente do seu investimento inicial cada vez menor. Um conflito crítico de interesses surge: você quer vencer e eles precisam que você perca.
O sistema está equipado.
O processo parece simples no início, depositar uma quantia X de dinheiro e para cada "troca" correta, você recuperará uma porcentagem do seu depósito inicial. A esperança é que você faça negociações corretas o suficiente para aumentar exponencialmente seu depósito. Vale a pena aprender o máximo possível sobre o sistema, mas mesmo com as melhores ferramentas, o sistema ainda é muitas vezes manipulado contra o investidor. Existem três maneiras principais que isso acontece:
Limitando suas opções.
OPÇÕES INBINÁRIAS, você deve prever como um determinado ativo estará em um horário especificado no futuro. A plataforma de negociação em qualquer dia oferecerá muitas opções para trabalhar. Quando um ativo está se comportando de maneira previsível, ele estará indisponível. Isso geralmente ocorre durante eventos de mercado de alta volatilidade. Eles não querem que você lucre.
Muitas plataformas de opções binárias atraem os operadores com robôs inteligentes. O software de negociação de automóveis supostamente usa "algoritmos sofisticados" para selecionar negociações vencedoras. Os negócios que esses golpistas selecionam são aleatórios ou piores, calcularam maus conselhos.
Incapacidade de Retirada.
Muitas PLATAFORMAS DE OPÇÕES BINÁRIAS tornarão quase impossível retirar dinheiro. O “corretor” oferecerá bônus aos seus clientes em diversas situações. Esses bônus podem ser disfarçados como Negociações Livres de Risco, Lucro Garantido ou seguro. Os bônus servem a muitos propósitos, atraindo os operadores para aumentar o valor depositado e criando uma ilusão de segurança sem explicar os Termos e Condições. Depois que um bônus for adicionado à conta do trader, ele deverá negociar um mínimo de 30 vezes do valor do bônus para retirar o investimento. Por exemplo, se um bônus de US $ 1.000,00 foi adicionado à conta do trader, eles precisariam completar US $ 30.000,00 em volume de negociação para poder sacar seus fundos. O corretor irá continuamente oferecer bônus para cada depósito que é feito.
Táticas de vendas abusivas.
Enquanto o sistema é construído para que seu investimento inicial diminua a cada negociação, o corretor tentará explorar a relação que foi construída com o trader. Eles coletam tanta informação pessoal durante a conversa para entender quanto dinheiro o potencial investidor tem. Os corretores aconselharam os operadores a estourar seus cartões de crédito, pedir dinheiro emprestado e pedir uma segunda hipoteca, prometendo retornos de alta rentabilidade.
Receba seu dinheiro de volta.
First Financial Recovery já identificou os autores desses crimes. Já recuperamos milhões de dólares para nossos clientes. Entre em contato com First Financial Recovery para ajudar a agilizar o processo.
Recuperando com sucesso fundos de:
Links Rápidos.
Contate-Nos.
Envie-nos um email: support @ firstfinancialrecovery.
A First Financial Recovery é uma empresa de recuperação de ativos e redução de custos especializada em, entre outros serviços, OPÇÃO BINÁRIA não somos um administrador de sinistros nomeado pelo tribunal ou um advogado de classe. Como tal, o First Financial Recovery é pago com base em honorários contingentes acordados somente com base nas recuperações que obtemos. Por favor, entenda que você tem o direito de apresentar reclamações por conta própria. Para obter informações adicionais sobre o processo legal, entre em contato com seu advogado ou com o coordenador do cliente.
Inquérito Rápido.
Direitos autorais e cópia NFHLIVE LLC (EUA). Todos os direitos reservados.

Opções Binárias em Israel.
As opções binárias estão abertas a um vasto conjunto de traders porque permitem limites de investimentos sutis que os tornam mais acessíveis para uma variedade de pessoas. A popularidade das opções binárias tem sido uma surpresa, e é desconcertante um grande número de pessoas que ainda estão por acertar essa nova onda nos mercados financeiros. A maioria das pessoas espera que muitos países adotem as opções binárias como um ator-chave na indústria financeira, mas para a maioria das pessoas, elas não são universalmente aceitas.
Alguns estados não demoraram a identificar a potencialidade das opções binárias, por exemplo, Chipre estava entre as nações mais velozes para reconhecer as possibilidades e o potencial financeiro que as opções binárias traziam. Pelo contrário, outros países são muito contra as opções binárias ao ponto de ignorar sua existência primária. É difícil para os operadores de opções binárias em tais destinos, porque eles não estão cientes do que esperar, e são altamente tributados para transações usando plataformas de opções binárias. Além disso, nesses países, a negociação de opções binárias é negligenciada e não regulamentada, o que torna o risco para os traders, porque há alta volatilidade, e os casos de fraude são tão óbvios nesses mercados não regulamentados.
Alguns outros países estão se esforçando para reconhecer o comércio binário criando um ambiente de negócios melhor para os operadores e corretores operarem. Os Estados podem criar condições particulares criando órgãos reguladores, regras e padrões que guiam a maioria das atividades do mercado. A regulamentação do comércio de opções binárias permite que os operadores se sintam mais seguros e motivados para o comércio porque sabem que estão protegidos por normas e leis legais que dificultam a quebra de contrato por parte de pessoas e corretores. Os Estados Unidos e Israel estão na vanguarda da criação de políticas de regulamentação, e algumas pessoas acham que tais políticas são rígidas. O aumento de políticas e leis ajuda a selar as brechas que podem resultar em pessoas sendo enganadas por seus dólares arduamente ganhos. Um mercado com mais políticas garante que haja sanidade no mercado e que os comerciantes se relacionem com os corretores sob termos e autoridade legais.
Desempenho do mercado de ações Israle.
Como o robô de opção binária pode mudar sua vida? Veja isso!
Negociação de opções binárias em Israel. Como negociar seguro. Dicas e estratégias GRATUAS Os golpes dos corretores israelenses são regulamentados? Leia mais aqui!
Como Ganhar Dinheiro com Robô de Opção Binária.
Robôs superiores da opção binária na Ucrânia.
Reivindique seu robô de opção binária livre, comece com três etapas fáceis:
Nome do Robot Min. Investimento min. Classificação de Depósito.
1. O seu Robô de opção binária irá analisar o mercado e decidir, qual ativo (moedas, índices, commodities e ações), é correto para o comércio nesse momento.
2. O Robô da Opção Binária Preditará o Movimento de Preços.
Seu robô avaliará uma ampla gama de fatores e, em seguida, fará uma previsão de como o preço dos ativos se moverá, dizendo: Chamar (para cima) se acreditar que o preço aumentará e Coloque (para baixo), se acreditar que o preço cairá .
3. Decida quanto você quer investir.
Então você precisa decidir o quanto você deseja investir na mercadoria e quando esse investimento expirar.
4. Recolher os seus ganhos.
Finalmente, você recebe seus ganhos (a parte boa!)
Obter um robô de opção binária de graça clicando no botão abaixo.
A relação entre comerciantes, corretores e o governo em Israel.
O elo entre os três principais interessados ​​em Israel é descrito com a complexidade dos relacionamentos. No binário de Israel, as opções são reguladas pela autoridade de valores mobiliários de Israel. A autoridade de valores mobiliários de Israel tem sido percebida por muitos como sendo muito apertada em questões de opções binárias no país. O órgão regulador foi iniciado em 1968 e continua a ser um regulador primário nos mercados financeiros dos países. O mandato inicial da autoridade de valores mobiliários de Israel era reduzir e reduzir o uso de informações privilegiadas, a fraude e outras irregularidades financeiras que afetam negativamente a segurança dos investidores no pequeno estado judeu. Israel demorou a considerar as opções binárias como um importante nicho no mercado de capitais.
Quando Israel elevou o imposto sobre ganhos de capital, a maioria dos comerciantes do país começou a buscar outros meios para aumentar seus lucros por meio de investimentos em capital financeiro. As opções binárias e o comércio Forex proporcionaram uma oportunidade ideal com vantagens e ganhos previsíveis nos mercados financeiros. Essa mudança da maioria dos comerciantes de Israel para as opções forex e binária resultou no colapso da bolsa de valores de Tel Aviv. A queda nas vendas da bolsa de valores de Tel Aviv foi aparentemente atribuída à entrada de opções binárias no comércio financeiro do país. O governo assistiu desesperadamente à medida que as opções binárias tomavam conta dos mercados financeiros das finanças, reduzindo o número de pessoas negociando nos mercados financeiros tradicionais, por exemplo, o mercado de ações de Tel Aviv. O governo aproveitou a situação e criou um órgão regulador para reduzir os casos de número crescente de casos de fraudes e fraudes no comércio de opções binárias.
Regulamento de negociação de opções binárias em Israel.
No ano de 2010 o governo começou a regular o comércio de opções binárias, esta atividade foi oficializada pela criação de um conjunto de leis e regulamentos. A famosa (Emenda 42) foi implementada em 2015 e forneceu uma diretriz e uma estrutura para a negociação de opções binárias, criando sanidade no mercado que antes era marcada pelo caos e pela desorganização. Esta emenda fez com que todos os corretores de opções binárias operando localmente tivessem que ser registrados dentro de um prazo estabelecido, a fim de continuar prestando serviços neste lucrativo mercado. Até o momento, os novos corretores são obrigados por lei a se alistar no órgão regulador antes de iniciar qualquer atividade no país. O regulador elaborou uma série de requisitos que os corretores em Israel mercado de negociação de opções binárias têm de cumprir. O corpo segue de perto a maioria das atividades dos corretores para garantir que os requisitos sejam atendidos sem falhas.
Requisitos a serem cumpridos por todos os corretores em Israel.
Antes de os corretores serem obrigados a negociar nos mercados financeiros de Israel usando opções binárias, há condições que eles têm a obrigação de cumprir; corretores, têm o dever de operar em um capital mínimo específico que é calculado em relação ao volume total de negociação. Entre outras condições, os comerciantes são obrigados a observar restrições rigorosas de mercado. Os corretores são obrigados a fornecer relatórios trimestrais e anuais sobre vários assuntos a ambos os revendedores de opções binárias e à autoridade de segurança de Israel relatam todas as transações à autoridade de segurança de Israel e relatam seus deveres e atividades aos operadores individuais. Essas regulamentações servem para proteger os comerciantes contra fraudes e também para garantir que o governo se beneficie por meio de impostos. Ao contrário de um mercado não regulamentado, um mercado regulamentado oferece segurança aos operadores e aumenta o comércio total nesse mercado.
Longo prazo Israel Equity performance.
Proteção de mercado e operadores de opções binárias.
A proteção do consumidor é um fator significativo na maioria dos mercados, a proteção do consumidor pode ser criada por organizações de consumidores, agências governamentais, grupos de lobby não governamentais e, às vezes, até mesmo pelos próprios produtores. A proteção do consumidor é uma ferramenta importante para contribuir para a criação de sustentabilidade na maioria dos mercados. Os consumidores precisam ser protegidos contra propagandas agressivas, preços anormais e para garantir que as organizações cumpram o que prometem. A proteção ao consumidor é uma atividade contínua que é a principal prioridade do governo quando cria leis e regulamentos para governar e promover o comércio seguro, especialmente no comércio de opções binárias, onde houve uma incidência de fraude na qual a maioria dos clientes perde seus depósitos.
Regras adicionais na publicidade de opções binárias visam promover uma estratégia de publicidade mais educativa, uma vez que a maioria dos consumidores não está ciente dos riscos envolvidos neste comércio. Muitos corretores não são sinceros para os clientes, pois tendem a esconder os riscos envolvidos para seus clientes e possíveis clientes. Essas atividades comportamentais são muito inaceitáveis ​​e podem fazer com que os clientes sejam forçados a negociar riscos inaceitáveis ​​que eles nem sequer têm consciência de si mesmos. Para responder a essas agências governamentais que regulam as opções binárias, tornou-se obrigatório que os corretores incluam avisos de risco na maioria de seus anúncios para conscientizar os consumidores sobre os riscos que eles enfrentam. Isso tornou difícil a propaganda de opções binárias por meio da mídia on-line, porque a maioria dos anúncios on-line precisa atender a uma determinada contagem de palavras. Os anúncios do Google também são difíceis de realizar, pois exigem uma divulgação completa dos riscos.
As autoridades reguladoras devem garantir a segurança dos negociadores, certificando-se de que os corretores de opções binárias avaliem a adequação do cliente para participar da negociação de opções binárias. Os corretores devem garantir que os operadores estejam cientes e compreendam os riscos envolvidos nesses negócios. Os comerciantes que desejam ingressar no comércio de opções binárias são obrigados a preencher determinados formulários de inscrição e questionários antes de fazer depósitos. Também é obrigatório que os corretores estabeleçam documentação de todas as transações realizadas em uma organização. É ainda uma exigência do órgão regulador para todas as organizações na negociação de opções binárias em Israel para criar um gatinho para alertar os comerciantes contra todos os riscos potenciais.
O regulador também se certifica de que existe uma taxa de alavancagem que é estabelecida e deve ser observada pelos corretores de opções binárias. Os ativos de alto risco devem criar um valor de alavancagem de até 20 para 1 do valor total do negócio. Os ativos de risco médio devem receber 40 a 1 do valor de negociação, enquanto os ativos de baixo risco recebem uma proporção de 100 para 1 do valor negociado. Essas mudanças nas operações e regulamentações de negócios não deixaram todo mundo feliz nesse mercado em particular. Os comerciantes estão desfrutando de muito conforto e proteção, enquanto os corretores de opções binárias estão expressando muito desconforto por causa das crescentes regulamentações que estão em favor do cliente. Tem sido observado por algumas partes interessadas nos órgãos legislativos que essas regras farão com que alguns corretores saiam do mercado. Outros revendedores no mercado serão forçados a recorrer a fusões e parcerias para aumentar sua capacidade de competir. Estes regulamentos visam proteger os comerciantes, o que resultará no crescimento do número de operadores que tornarão as opções binárias mais vibrantes do que antes na era não regulada.
Monumento de tolerância de Israel.
Consequências e benefícios da regulamentação estrita de negociação de opções binárias.
A regulamentação estrita afetou diferentemente os diferentes interessados ​​nesse negócio; Dependendo de uma perspectiva individual, a regulamentação rigorosa tem efeitos tanto ativos quanto adversos do ambiente geral de negociação. Traders em opções binárias em Israel podem agora realizar suas transações em um ambiente mais seguro que é regulado pela Autoridade de Valores Mobiliários de Israel. O comércio binário como resultado de regulamentação rigorosa é agora amigável e confiável do que antes, com alta porcentagem de segurança do consumidor e formalidades esperadas em todas as atividades. Devido à exigência de regulamentação para o fornecimento de informações de risco aos comerciantes, os consumidores estão agora muito conscientes das opções que têm e de suas expectativas. A proibição de publicidade errada e decisiva assegurou a honestidade nos anúncios e menos trapaças nos negócios.
Embora essas regulamentações tenham trazido benefícios ilimitados para os comerciantes e para os órgãos reguladores, alguns traders as consideram hostis, o que fez com que elas se mudassem para outros mercados menos regulamentados. Mercados menos regulamentados em outros lugares também apresentam custos operacionais baratos, já que não são necessários muitos títulos e protocolos monetários. É ainda pior para os corretores em Israel porque a lei proíbe que os corretores usem corretores que não são regulamentados e certificados pela autoridade de valores mobiliários de Israel. Enormes multas e custos de fazer negócios realmente afetaram os corretores de opções binárias no mercado, dificultando ainda mais sua atuação no mercado.
Mais informações sobre investimentos em Israel em perspectiva geral podem ser encontradas no site da Bluestarindexes. Eles fornecem vários ângulos para o investimento regular, não tanto para investir em Opções Binárias.
Opções Binárias de Israel.
Conclusão.
Opções binárias continuaram a caracterizar a entrada nos mercados globais, Israel estava entre as poucas nações que identificaram o papel crítico das escolhas binárias no setor financeiro. Isso resultou em uma supervisão rigorosa das atividades dos comerciantes com o objetivo de proteger os comerciantes e outros investidores nesse mercado financeiro. Tem sido útil para os comerciantes nestes mercados, uma vez que a segurança do consumidor é assegurada por regras e regulamentos rígidos que são amigáveis ​​para os clientes. A educação sobre os riscos e formalidades envolvidas no comércio é fornecida aos comerciantes antes mesmo de se inscreverem em qualquer corretor. Isso melhorou o comércio no mercado e também tornou o comércio de opções binárias uma valiosa forma de investimento financeiro capaz de competir com os mercados de bolsa de valores.
A iniciativa do governo para regulamentar esse mercado contribuiu para o crescimento do comércio e também o tornou mais lucrativo do que em outros mercados possíveis em todo o mundo. Regulamentações rigorosas, no entanto, resultaram no fechamento de algumas corretoras de opções binárias, que consideraram as regulamentações hostis e também levaram a um aumento nos custos para o comércio no mercado de Israel. Até agora, o governo melhorou a sanidade no mercado, que anteriormente não era regulamentada, resultando na perda de clientes & # 8217; dinheiro através de corretores de fraude que eram exploradores.
Espera-se que o mercado melhore ainda mais e que o número de traders aumente devido à crescente segurança dos operadores e às regulamentações governamentais. O aumento da educação também tornou mais pessoas conscientes sobre o que são as opções binárias e os riscos e recompensas envolvidos. O que nós recomendamos é que você leve um Robô de Opção Binário apropriado com sua ajuda para negociar e comece a fazer lucros com risco mínimo. Obtenha seu robô grátis agora!
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Autor: Michael Allen
Michael Allen é o principal autor da binaryoptionrobotinfo. Possui Doutorado em Economia e trabalhou em banco de investimento por 24 anos. Ver todas as mensagens de Michael Allen.
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Os lobos de Tel Aviv: o extenso golpe de opções binárias amorais de Israel exposto.
Uma indústria que gera centenas de milhões de dólares, empregando milhares de pessoas, está enganando cinicamente ingênuos potenciais investidores em todo o mundo através de uma série de práticas corruptas. Está causando danos terríveis a suas vítimas e corre o risco de fazer o mesmo com a reputação de Israel.
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Simona Weinglass é uma repórter investigativa do The Times of Israel.
Quando Dan Guralnek imigrou da Austrália para Israel em 2012, ele não previu se envolver em um esquema internacional de internet.
"Eu sempre quis mudar para Israel", diz Guralnek, que frequentou uma escola judaica em Sydney.
Ele estava trabalhando na administração de uma fábrica na Austrália quando seu chefe morreu repentinamente e, aos 28 anos, ele percebeu que era um bom momento para ele se mudar para Israel. "Eu pensei: 'eu sou livre, sem compromisso, eu posso ir'"
Guralnek se matriculou no Ulpan Etzion de Jerusalém para aprender hebraico, depois mudou-se para a vibrante e movimentada cidade de Tel Aviv, onde conseguiu uma série de empregos de salário mínimo para NIS 25 (pouco mais de $ 6) por hora: cortar legumes em um restaurante, dirigindo uma pessoa com deficiência, trabalhando no turno da noite em um stand de cachorro-quente.
Mas em uma cidade com aluguéis altíssimos e um custo de vida em relação aos salários (PDF) perdendo apenas para o Japão, Guralnek não poderia sobreviver. Ele ouviu que trabalhos em uma indústria chamada opções binárias pagavam o dobro do que ele estava ganhando, mais comissão.
& # 8216; & nbsp; jogos de azar e nós somos um bookie & # 8217; & # 8212; ex-vendedor de opções binárias.
“Assim que comecei a procurar emprego, recebia ligações de empresas de opções binárias todos os dias”, lembra ele. "Eles dominam o espaço de anúncio de emprego."
Nem Guralnek teve qualquer dificuldade em conseguir um emprego.
“Você entra e eles fazem um grande show como se estivessem avaliando se querem ou não você. Mas eles querem você.
No dia em que Guralnek entrou nos luxuosos escritórios de seu novo empregador na cidade litorânea de Herzliya Pituah, ele sabia que havia chegado.
"Havia café grátis, comida de graça", diz Guralnek. “Meu salário era de 7.500 shekels (US $ 1.900) por mês, mais comissão.”
Guralnek estava em um call center com cerca de 50 outros funcionários, muitos dos quais eram novos imigrantes fluentes em vários idiomas. Seu trabalho era chamar as pessoas ao redor do mundo e persuadi-las a "investir". em um produto financeiro ostensivo chamado "opções binárias". Os clientes seriam encorajados a fazer um depósito & # 8212; para enviar dinheiro para sua empresa & # 8212; e, em seguida, usar esse dinheiro para fazer "negócios": os clientes tentariam avaliar se uma moeda ou commodity subiria ou cairia nos mercados internacionais dentro de um certo período de tempo curto. Se eles previram corretamente, eles ganharam dinheiro, entre 30 e 80 por cento da soma que tinham colocado. Se eles estivessem errados, eles perderam todo o dinheiro que eles puseram no negócio. & # 8221; Guralnek logo percebeu que, quanto mais negociações um cliente fazia, mais perto ficava de perder todo o depósito inicial.
Ele havia sido instruído a apresentar a opção binária como um "investimento" e a si mesmo como um "corretor", embora soubesse que eles provavelmente perderiam todo o seu dinheiro. “O cliente não está realmente comprando nada. O que ele está comprando é uma promessa da nossa empresa que vamos pagar a ele. É o jogo e nós somos um bookie, ”ele diz agora.
Antes de iniciar o trabalho, a empresa deu a Guralnek um curso de vendas de uma semana, no qual aprendeu suficiente conhecimento financeiro para soar bem a um cliente que sabia menos que ele. Ele também foi instruído em táticas de vendas de alta pressão.
"Eles nos ensinaram como deixar as pessoas desconfortáveis, como responder a objeções, como mantê-las ao telefone."
A sessão de treinamento era conhecida como "curso de conversão" e o objetivo era aprender como transformar um lead telefônico em um cliente, fazendo o primeiro depósito. Em sua empresa, os vendedores não podiam fazer um depósito de menos de US $ 250.
Durante o curso de vendas, a gerência da empresa deu conselhos a Guralnek que o assombraram mais tarde. "Eles nos disseram para deixar nossa consciência na porta."
Isso é legal?
À medida que as semanas se passaram, mais e mais perguntas se formaram na mente de Guralnek & # 8212; perguntas que sublinhavam o bizarro submundo financeiro em que ele havia entrado. Por que ele não conhecia os sobrenomes de seus gerentes? Por que os trabalhadores eram proibidos de falar hebraico ou trazer celulares para o call center? Quem foi o CEO da empresa? Por que estava tudo bem para a equipe árabe-israelense da empresa vender opções binárias em lugares como a Arábia Saudita, enquanto outros países, como Israel, Estados Unidos e Irã, estavam fora dos limites?
Pior ainda, Guralnek começou a suspeitar que, além das probabilidades pobres que os clientes tinham de ganhar dinheiro, e além das táticas de vendas agressivas, o que a empresa estava fazendo era francamente ilegal.
Por exemplo, todos os vendedores foram convidados a inventar um nome e uma biografia falsos. O call center usava a tecnologia de Voz sobre Protocolo de Internet (VoIP), que exibia um número de telefone local para clientes em qualquer lugar do mundo. O site da empresa listou um endereço em Chipre.
“Disseram-me para dizer às pessoas que eu tinha anos de experiência no mercado, que havia estudado em Oxford e trabalhado para o Bank of Scotland.”
Guralnek diz que lhe disseram para se apresentar como um corretor que fez uma comissão sobre os negócios e para enfatizar quanto dinheiro o cliente poderia ganhar enquanto subestimava o risco. De fato, em vez de ajudar os clientes a fazer transações inteligentes, os "corretores" O verdadeiro interesse era que eles fizessem previsões mal sucedidas e perdessem seu dinheiro.
Guralnek diz que também ficou cada vez mais inquieto com o que aconteceu quando os clientes tentaram sair. É quando eles seriam solicitados por muita papelada.
"Nós diríamos:" Você quer se retirar? ESTÁ BEM. Precisamos confirmar sua identidade antes de liberarmos os fundos. Você precisa nos enviar uma fotocópia da sua conta de luz, sua carteira de habilitação, seu passaporte, seu cartão de crédito ”” & # 8212; requisitos, escusado será dizer, que não tinha sido mencionado quando o cliente colocar dinheiro dentro
Enquanto o cliente estava reunindo e enviando esta documentação, um agente de “retenção” os chamaria e passaria por seus negócios, supostamente descobrindo o que deu errado e convencendo-os a continuar negociando. “We could delay that withdrawal for a long time.”
‘Why should I be blamed for selling something to stupid people? If someone is over 18 and wants alcohol, cigarettes, a knife, a binary option account, it’s his own responsibility’ & # 8212; Facebook post.
If a customer was persistent, says Guralnek, very often the company would stop taking their calls, or send them an email saying ‘we suspect you of fraud’ and freeze all their funds. Because the customer didn’t know the real name or location of their salesperson, “they had nowhere to turn to get their money back,” explains Guralnek.
But the grimmest part of the job for the young immigrant was asking for money from people who seemed poor and dejected.
“They believe they’re doing something good: They’re making an investment, doing something responsible. And they’re not. Every story is sad. Everyone’s got people depending on them. Lots of people are finally getting back on their feet after a drug problem or something.”
The worst was when a client told him, “I’m in hospital.”
“When someone says ‘I’m in hospital and I have cancer,’ we’re supposed to still sell them. But I would throw the sale every time. I couldn’t do it.”
A vast, dishonorable industry.
If you type the words “binary options” or “forex” into Facebook groups that cater to new olim (immigrants to Israel), you will encounter long threads of heated exchanges.
“Do any of you who are involved in Forex/Binary options realize that this is a highly unregulated business that it is soliciting gambling to misinformed or uneducated persons?’ reads one such post in the popular Secret Tel Aviv group.
“Why should I be blamed for selling something to stupid people?” a woman replies. “If someone is over 18 and wants alcohol, cigarettes, a knife, a binary option account, it`s his own responsibility.”
“Would you sell it to your grandmother?” the original poster fires back.
In the “Keep Olim in Israel Movement” Facebook group, a woman writes, “Hi all, can someone explain to me what are Binary and Forex jobs and why people are so anti-working in these industries in Israel?”
“This field is dishonorable,” reads one reply. “I’ve done it and I felt nothing but shame and self-loathing for harassing people who never asked for this call and trying to get money out of them that they’re unlikely to ever get back.”
“If you don’t like it, don’t do it,” reads another. “Work what you feel is an ‘honest’ job, make your 6,000 shekels (approx $1,500) a month take away, spend it half on rent and live like a rodent with the rest of it.” He continues, “While the Binary and Forex industry and I pay 50% taxes on our salaries to pay for your health care, social security, and security, I can speak for all of us, we don’t need to be judged.”
No one seems to know precisely how big the binary options and forex industries are in Israel. Not even the Israel Securities Authority, which, when posed the question, responded via text message, “As the industry is still unregulated, we don’t have the full picture.”
But conservative estimates put the number of people employed in the industry at several thousand, mostly in Tel Aviv and its suburbs like Herzliya and Ramat Gan, while annual revenue could be anywhere from hundreds of millions to over a billion US dollars.
Globally, the term forex normally refers to legitimate trade in foreign currency, while binary options is the name of a financial instrument. In Israeli popular parlance, however, “binary options” and “forex” are often lumped together as part of the same industry: When Israelis refer to forex companies, they often mean companies that “trade” the binary options on currencies. Sometimes the terms Forex and binary options are used interchangeably to refer to rapid, all-or-nothing trades on a range of assets.
At some binary options firms, the online platform is manipulated to provide false results that ensure the customer loses.
The “trading” process can work as follows, The Times of Israel was told. Having transferred their first financial deposit to the company, customers log in to an online trading platform, as directed by the company’s salespeople, and place money on a prediction that the price of a currency or commodity will go up or down on international markets in, say, the next five minutes. If the customer predicts correctly, he makes a profit of a certain percentage and the company loses money. If the customer is wrong, he loses all the money he placed on the trade, and the company keeps it. Professional options traders consulted by The Times of Israel said that even a financial genius cannot predict with any confidence what, say, the price of gold will do in the next five minutes; rather than an investment, the transaction is really nothing more than a gamble.
The misrepresentation of gambling as responsible investment would be bad enough.
What’s worse, though, and blatantly corrupt, The Times of Israel was told, is that, at some companies, the house is bent. A variety of ruses are used. The potential payout for a correct prediction is complex, opaque and calculated to minimize the company’s loss. If an asset is behaving in a predictable way — say, the price of copper starts to climb following an earthquake in Chile — the company will pull that asset from the online platform. At some binary options firms, the online platform is manipulated to provide false results that ensure the customer loses.
Estimates of the number of binary options and forex companies in Israel vary from 20 to several hundred. The IVC Research Center, a company that provides information about Israel’s technology sector, estimated in its 2015 yearbook that there are 100 online trading companies in Israel, the overwhelming majority of which fall into the categories of forex and binary options. IVC estimates these companies employ more that 2,800 people in Israel. However, the yearbook states, “it’s difficult to gauge the actual size of the online financial trading industry in Israel,” in part because the industry is “low-key” and its “Israel nexus is often understated.”
A 2014 report on the Israeli Internet industry by TheTime startup incubator says that of the 90 Israeli Internet companies earning revenue of $10 million or more per year, 15 were online trading platforms, many of them trading forex and binary options. Three of these, according to the report, were assessed to have revenue of at least $100 million a year. Some other companies on the list included iForex, bForex, AnyOption, 4XPlace, Optionbit and Banc de Binary. Based on these assessments, the Israeli forex and binary options industry has annual turnover in the hundreds of millions, possibly even billions, of dollars.
How many are fraudulent?
It is anyone’s guess what percentage of online financial trading companies engage in unethical, illegal and/or fraudulent practices. One distinction many people interviewed for this article drew was between unregulated and regulated companies.
Several large, better-known companies with Israeli founders or major sales and marketing operations in Israel are regulated in Cyprus, which gives them license to sell financial products in individual EU countries even if they are not regulated in those countries.
Many forex and binary options companies operating in Israel, however, are unregulated.
Sam C., a recent immigrant to Israel from the United States, describes his experience working in an unregulated binary options company last summer.
Many customers had clicked on an ad hawking ways to earn money from home. ‘They actually believe that they’re going to become a millionaire just by doing this’ & # 8212; former customer service staffer at a binary options firm.
“They make it extremely, extremely hard for customers to withdraw their money,” says Sam, who worked in customer service and who asked that his real name not be used.
“You have to find a copy of your driver’s license, a copy of your utility bill and there are so many rules and requirements. Half of the calls I had to deal with were just people complaining, saying that it’s been months and I need my money now. I need it to pay for this or that. Pretty much the company just refuses to give it up.”
In fact, Sam says he “cannot confirm” that any customer ever received payment or withdrew their money during his few months working at the company.
“People would call back and call back. And eventually, sometimes one of my managers would say, ‘Don’t take that person’s calls anymore and close his account.’ They would say, ‘We’re done with him and all the money doesn’t matter. Don’t take calls from him anymore.’”
Most of the customers of Sam’s company were from the United States, even though it is against US law for companies to sell binary options to US citizens in this way. Additional clients were from Africa, Qatar and Saudi Arabia. Many had clicked on an ad hawking ways to “earn money from home” or watched a video that claimed to reveal secret investment strategies.
“The majority seemed to be… the stereotypical dumb person,” recalls Sam. “You don’t even realize that people like this exist outside of movies. They actually believe that they’re going to become a millionaire just by doing this. And it’s almost sad.”
Asked about his managers, Sam said they were young Israelis who appeared to think it was cool to rip people off.
“They seemed like they had just watched ‘The Wolf of Wall Street’ and wanted to emulate the characters. The banter they would have, would be like, oh yeah, I can’t believe he fell for that, I can’t believe you got him to invest $300.”
Sam says one his managers would actually quote Leonardo DiCaprio’s sales pitches from the movie verbatim over the telephone when trying to sell binary options.
“‘Hello, John. How are you doing today? You mailed my company a few weeks back, requesting information on an investment that had huge upside potential with very little downside risks,’ he would quote from memory. ‘Does that ring a bell?'”
“I thought it was kind of pathetic, to be honest,” recalls Sam.
Manipulating software.
In 2013, the United States outlawed the marketing of binary options to its citizens, except on a handful of regulated exchanges. On its website, the Commodity Futures Trading Commission (CFTC), an independent US government agency, alerts investors to “fraudulent schemes involving binary options and their trading platforms. These schemes allegedly include refusing to credit customer accounts, denying fund reimbursement, identity theft, and manipulation of software to generate losing trades.”
“Trading binary options can be an extremely risky proposition,” warns another US-based regulatory agency, the Financial Industry Regulatory Authority (FINRA), on its website. “Unlike other types of options contracts,” says FINRA, an SRO that regulates member brokerage firms and exchange markets, “binary options are all-or-nothing propositions. Quando uma opção binária expira, ela faz uma quantia de dinheiro pré-especificada ou nada, em cujo caso o investidor perde todo o seu investimento. Trading binary options is made even riskier by fraudulent schemes, many of which originate outside the United States.”
In Israel, many so-called “forex” companies are actually selling binary options, meaning that a client bets on whether a currency will go up or down, rather than buying the currency, Jared K. a former Wall Street broker explains to The Times of Israel.
“Traditional forex is I buy at 3.50, I sell at 3.60. Binary forex (that is, forex in the world of binary options) is saying ‘if it goes to 3.60 I win money, let’s say 20% more than I bet, but if it goes to 3.50 or lower, I lose.’”
Trading binary options is made even riskier by fraudulent schemes, many of which originate outside the United States — US government warning.
Graham P., who currently works in marketing for a large, Cyprus-regulated binary options firm in Tel Aviv, says he knows about efforts to manipulate software as described by the CFTC — cynical intervention by binary options firms to ensure they win, the industry’s equivalent of a rigged roulette wheel in a casino.
“I spoke to a guy I was potentially going to work with, and he had actually developed a binary options platform. He said that everyone he met who was interested in buying the platform (to start their own company) wanted him to create a back door.”
By “back door,” Graham means that companies want to be able to manipulate a “trade” at the last minute if a customer or group of customers appears to be winning too much.
“Let’s say 70 percent of the traders are for some reason betting that oil is going to go up. So then the companies say, gee, if we make just 30 percent win, we’ll be able to keep a lot more money. And the algorithm does that. It’s very easy to tell the customer, oh, the line fell a little bit below your position.”
If the customer brings proof that the price of oil did actually go up to where they predicted it would, the company will point them to the fine print, which states that the company has its own algorithms which may differ from real-time.
“Trading rates assigned to the assets on our website are ones at which our company is willing to sell binary options to its customers at the point of sale,” reads a typical disclaimer on many binary options websites. “As such they may not directly correspond to real-time market levels at the point in time at which the sale of options occurs.”
Graham, whose company is regulated in Cyprus, said that in his view “the entire binary options industry is fraudulent.” If so, this represents cynical and systematic corruption on an huge scale — dwarfing such damaging scandals as the illegal hawking of Dead Sea products by Israelis at kiosks in malls around the world — unconscionably allowed to flourish, with extremely grave potential repercussions for Israel.
”For some crazy reason it’s legal in Europe. Individual European nations are letting binary options fly. While countries like the United States smelled the bullshit a long time ago and made it illegal.”
Graham said that on a gut level, he would like to see the industry shut down, but he is worried.
“There’s so much money pouring into the city; it’s literally an industry here — I’m including forex too. It’s probably paying for the subway system we’re installing. Can you imagine thousands of people in Tel Aviv out of work?”
‘A bad reputation’
Chaya Berkowitz, an eight-year veteran of forex companies in Israel, tells the Times of Israel that her own experience in the industry has been good. “I’m not oblivious. I’m aware that it has a very bad reputation. I don’t think that’s 100 percent justified.”
Berkowitz asserts that there are legitimate companies in the industry, and rattles off the names FXCM, Alpari and FXPro, none of which are based in Israel.
“If you have ten forex companies, probably six or seven of them have bad reputations that give the others a bad name. It’s unfortunate because the others take their business seriously and do care about their clients,” she says.
Asked if those six or seven are guilty of fraud, Berkowitz avers, “I wouldn’t say they’re committing fraud. They have the reputation of lying to their clients and misleading advertising. That definitely exists, but there’s a reason some of the big brokerage firms are still around. It’s because they usually play by the book — otherwise they’re not around very long.”
Berkowitz estimates that in legitimate forex companies, two or three out of 10 clients do earn profits and are able to easily withdraw their money. Asked how to tell if a company is legitimate, she says, “I would look for tougher regulation, not a company regulated on some island somewhere but regulated in the UK, the United States or Australia.”
Cyprus, she claims, has become stricter in recent years. “It’s becoming a more recognized regulatory agency.”
“I would also ask friends or other investors. Personal word of mouth is huge. I would do my homework. Look online to see who has a good reputation. I would ask questions when researching a broker. Do I have easy access to my money? Do you offer education?”
Reeling the customers in.
After getting her Master’s degree in Israel and marrying an Israeli, Lynne R., a native Californian, began looking for a job, but was disappointed by what was out there.
“It was really shocking to me, once I started going to companies, to find out how low the salaries were. I wanted to find something more competitive, more similar to what I was earning in the United States.”
People kept mentioning to Lynne that binary options jobs paid well. She posted the fact that she was looking into a couple job sites on Facebook, and “I probably had 25-30 people call to set up interviews.”
Lynne went on five or six interviews, where she learned she was eligible for two types of jobs.
“There’s conversion and retention. For the conversion jobs they were telling me I would make around 15,000 shekels ($3,850) a month and for retention jobs they told me I could make 30,000 to 40,000 ($7,700 to $10,250) a month.”
At each interview, Lynne probed extensively as to the nature of the job. Each company has its own marketing methods, often involving videos that tell the story of a person who learned a secret method of extracting money from the market, she says. One firm told her it attracted customers with a “robot”:
“They said, basically we use a program, which we call a robot. We market it to people and we say it can make small trades for you, like $100 or $200, and there’s an Internet program that will do, you know, some magic and make you a few hundred extra dollars a month.”
Lynne’s job would be to call people who had paid $200 to use the robot, and persuade them to deepen their involvement.
“You call them and you say, well, you have this robot, but it’s not actually that great of a program; it was sold to you by an affiliate of ours. If you want to make serious money, you need to start trading, and we can tell you how. We’re expert traders. All you need to do is make a bigger deposit, and you’ll get a personalized account with us and a personal trader. All you need to do is make a deposit of $500 and we’ll get you started.”
Lynne was eventually offered a retention job, and was enrolled in a two-week training course. The first thing she was told was to never reveal she was calling from Israel. All retention staff were asked to pose as trained brokers working out of a London office. They were required to brush up on the day’s weather in London as well as what was happening in the news.
“You had to make yourself a biography. You needed to think of a business school and say that you went there. You needed to say that you were a trader, that you had worked for either an investment bank or on Wall Street. If you’re a woman, they encourage you to say you’re single because guys will more likely deposit with you. If you’re a guy, you want to have a wife and two kids, because that makes you relate-able.”
The company, she said, was regulated in Cyprus. “The industry is certified for Europe, but you’re not heavily regulated. It’s a way to be EU-accredited without a lot of oversight.” (Finance Magnates, a trade publication of Israel’s online financial trading industry, has written in the past that Cyprus has a reputation for lax regulation.)
‘When we offered training to them, we would share their desktop and walk them through the website. We were told to look around their desktop for pornography or online slots or other signs of compulsive behavior, because that means they’re more likely to make a deposit’ & # 8212; former binary options retention agent.
Lynne says her company’s selling point, which it bragged about, was that it was more ethical than other binary options companies. “If someone asked to withdraw their money we would give it to them within 48 hours,” she says.
When Lynne started playing with her company’s binary options platform, she realized it was fun and addictive, “almost like a gambling game.”
There was lots of adrenaline.
“If you put money in your investment account today, it might give you 3 to 6 percent returns. In binary you see 70 percent coming in right away.”
If conversion agents were expected to get a client to make their first deposit, retention agents like Lynne were tasked with bringing in the big money. The first step was to size up the customer.
“They told us to look up people’s homes on Google Maps to see how rich they seemed and to check their credit card information to see if they had gold or platinum status. Also, when we offered training to them, we would share their desktop and walk them through the website. We were told to [abuse that access and] look around their desktop for pornography or online slots or other signs of compulsive behavior, because that means they’re more likely to make a deposit.”
“You call someone and you tell them my name is Jane Smith, I’m calling from London where I’m an investment banker for this amazing firm. I’m calling to talk to you about how much you actually want to make. We see that you’ve invested $300 but we both know $300 is not going to make you anything. So what is it you actually want to make in a year?”
“So people would say, ‘I want to make $100,000.’ ‘I want to buy a house’ or ‘I want to travel.’”
“They tell you something that they want and then you say, ‘so it will probably take you 6-8 months to achieve that. If you want to achieve it you need to trade every day. I’m going to be working with you. I’m going to give you information about which picks to make every day.”
Lynne said the “broker” would check in with customers regularly, encouraging them, teaching them about the market, and offering tips. When the broker chose a stock for them to bet on, the stock would often perform as promised. When they got on the platform and made their own picks, they started losing. Then the broker would come back and help them make some good calls, and they would win again.
“So basically you come across as this really great trader, but in reality you are just trying to make the volume of trades be as high as possible.”
The next step, recalls Lynne, was to ask for a $10,000 deposit.
“Customers usually balk and say ‘There’s no way I want to deposit $10,000.’ So you pressure them and say ‘If you’re not really serious about making money, then why are we talking right now?’ Traders try everything. Some are really sweet, some try to identify with them, some try to make them feel awkward — whatever the technique is that gets them to deposit. The favorite technique is to say, ‘If you deposit $5,000, I will give you a $5,000 bonus.’ Customers hear that and they say ‘That’s insane. I’m going to deposit.’”
But the bonus, explains Lynne, is a trap.
“You’re not allowed to withdraw any of your money until you use that bonus money something like 30 to 40 times over. Let’s say I give you a $1,000 bonus. You would need to trade that until you made at least $30,000 profit off of it, and then you can withdraw your money. But you will never get to that amount. Let’s say you make $10,000 off of it and you say you want to withdraw, in the contract it will say you can’t withdraw. You can take your original money out, but you can’t take the bonus or the money you earned with the bonus.”
“So clients get stuck in the system, because they don’t want to lose all their money, and by the time they trade 30 times the amount of the bonus, they’ve lost everything.”
The longer you trade, the more money you lose, says Lynne. “You can’t go that far typically and be successful.”
However, Lynne says again, with her company, if you resisted the temptation to take the bonus, and if you put in a request, the company would send you your money.
“They really bragged about the fact that they were good about giving people their money right away. In fact, they encouraged people to take small withdrawals. If a customer had $10,000, they would say, why don’t you take $2,000 and take your wife on a small trip? It’s very calculated with how much they’re giving out and how much leeway to try to give the customers.”
Lynne quit her binary options job soon after the training course because she said she couldn’t stomach taking the savings of “schoolteachers and truck drivers.” Asked whether she thought what she had been assigned to do was unethical or illegal, she replies: “It was certainly unethical. When I tell people about this job, they are shocked. They say, that could never be legal, there’s no way Israel would ever allow that.”
‘Economic terrorism’
In November 2014 a man by the name of Ariel Marom, who described himself as a former employee of several companies in the forex industry, sent a strongly worded letter to both the Finance and the Ethics committees of the Knesset, as reported in Israel’s financial daily Globes.
“I am calling on the regulator in charge of banking services and the Knesset Finance Committee to immediately take action to stop the wave of plundering, theft, fraud, money laundering, and crime on an international scale that is managed and operated in Israel that is hurting thousands of customers around the world.”
Marom described the forex industry as “economic terrorism” targeting the citizens of many countries.
“When this information becomes public knowledge through investigative reports by the media, which is bound to happen sooner or later, Israel’s status in the world will be damaged and it will unleash a wave of hatred toward the Jewish people and Israel, causing tremendous damage.”
‘When this information becomes public knowledge through investigative reports by the media… Israel’s status in the world will be damaged and it will unleash a wave of hatred toward the Jewish people and Israel, causing tremendous damage’ & # 8212; letter sent to Knesset committees.
Marom said in the letter that he had been searching for a job in recent months and as a Russian speaker had interviewed with forex companies that operate in Israel and target customers abroad. He said he was surprised at the sheer magnitude of the fast-growing industry.
“There are hundreds of jobs currently available to Arabic, Russian, English, Spanish and French speakers as these companies seek new workers for their expanding departments.”
Marom added that after years in the traditional banking industry, he was shocked at the practices he witnessed in several forex companies.
“In the absence of any regulation, they are simply robbing customers. Many people compare forex to a casino, but it’s worse than a casino. A casino hands you your winnings immediately. Forex companies — and I’m talking about most of them — simply do not allow people to withdraw money.”
Marom goes on: “Many forex customers have no idea that the company operates from Israel, especially when we’re talking about the Arabic-speaking desks. Their complaints never reach our justice system and so the industry is not exposed. How is it possible that this has been happening for years, with no local regulation? What happens when thousands of Turks, Russians, Spaniards, Italians and French figure out that the scam they fell for was carried out from here, in Israel? Are our regulators waiting for synagogues to start blowing up all over the world to shut this thing down?”
It is not clear what the Knesset Finance Committee did in response to Marom’s letter. The Times of Israel tried to track Marom down, but the CEO of FeeX, a high-tech startup he used to blog for, said he had not heard from Marom for a few years and had no contact information. Marom’s LinkedIn profile placed him at a high-tech company in Brazil where no one who answered the phone seemed to speak English. A phone call to an “Ariel Marom” listed near Haifa was answered by a woman who said her husband is an astronomer, not a finance professional.
“You’re the third journalist who has called looking for Ariel Marom in the last two weeks,” she said. “Now I’m curious.”
The Times of Israel asked for the help of SixGill, a cybersecurity high-tech firm that specializes in the dark web, to track down Marom, but after a brief automated search, Tommy Ben-avi, a senior analyst at Sixgill, concluded that either “Ariel Marom is not his real name or he doesn’t want to be found.”
The cyber intelligence company did, however, make some interesting observations about the forex and binary options industries. Ben-avi mentioned several companies known to be operating from Israel.
“This industry is a bit shady. It’s hard to get to the owners and CEOs of some of these companies. Most of the time, when you have a company that large, you can see the owner, you can see the shareholders.”
Ben-avi conducted an automatic search with a system that scours hundreds of thousands of sites and closed dark web forums. “It seems like they’re trying to hide their identity. Maybe a few companies have the same owner, and they want to hide that fact,” he mused. “Or maybe their business is not 100 percent legitimate.”
How it’s done on Wall Street.
Jared K., a licensed stockbroker from the United States who now lives in Tel Aviv, says that he sees several problems with the local forex and binary options industries.
“On Wall Street, brokers are regulated, transactions are regulated, the money is regulated. Where is it coming from and where is it going? There are rules as to how someone can access money in a claim.”
‘I am shocked that Israel hasn’t shut this down’ & # 8212; US-licensed stockbroker who lives in Tel Aviv.
Furthermore, says Jared, in the United States, a license to sell securities or handle client investments would require a person to meet certain ethical standards. If they don’t look out for the best interest of their client’s investments, it is a criminal offense.
“On Wall Street I can’t put someone in an investment that doesn’t fit them. That is fraudulent. If I called up your parents and said put money in this investment and they lost it all, in theory I could be arrested and go to jail.
“Binary doesn’t have that, there are no repercussions. What happens if someone loses money? Nothing.”
“I am shocked that Israel hasn’t shut this down,” he sums up.
A product that invites fraud.
Yaron Zelekha, Israel’s former accountant-general, became known as the country’s foremost whistle-blower in 2007 when he exposed the financial improprieties of a sitting prime minister, Ehud Olmert.
‘I personally would not advise any Israeli to trade with any of these companies’ & # 8212; Yaron Zelekha, Israel’s former accountant-general.
Zelekha told The Times of Israel that he doesn’t want to tar all its players with the same brush, but that binary options and some instruments related to forex are designed in a way that creates a strong incentive for fraud.
“There is a very wide information gap between the public and these players, and they are exploiting it to their advantage. The broker is not giving you a service like in a bank; he is personally betting against you. This is a flagrant conflict of interest, because you’re betting on something, and the person reporting the outcome wants you to lose.”
Such circumstances invite fraud, says Zelekha, and “there is no small number of companies that simply defraud the customer. Sometimes that fraud is very sophisticated.”
Asked whether the entire industry should be shut down, Zelekha responds, “There is no need to throw out the baby with the bathwater, although I personally would not advise any Israeli to trade with any of these companies.”
What the industry does need, he says, is real-time regulation. He says there is software that can now do real-time monitoring of a company’s transactions.
“The Israel Securities Authority (ISA) must have real-time access to these companies’ computer systems.”
Zelekha says the ISA has fought a long battle to regulate the online financial trading industry. “They deserve credit for their efforts, although the regulation won’t be effective if it isn’t done in real time.”
ISA: ‘We probably won’t allow binary options’
The Israel Securities Authority is housed in a 1920s Eclectic-style building in one of Tel Aviv’s loveliest neighborhoods, near the stock exchange. Itzik Shurki, director of the ISA’S Exchange and Trading Platforms Supervision, is a soft-spoken man, but he has harsh words for binary options.
Shurki says a new law to regulate online financial trading industries went into effect in May 2015. The companies that wanted to continue to offer their products to Israeli customers had to request a license from the ISA. Twenty-one companies requested licenses. One was disqualified, because its controlling shareholder, Aviv Talmor, had fled to Cyprus to escape arrest for alleged financial misdeeds. Talmor has since returned to Israel and is currently under house arrest. Two other companies withdrew their applications, leaving 18. Of these, four are primarily binary options companies, while the others seek to offer other types of CFDs, or contracts for differences, as well.
‘With binary options we’ve already informed the companies that our intention is probably not to approve this product’ & # 8212; Itzik Shurki of the Israel Securities Authority.
Almost a year later, none of the applicants has been approved. Shurki says that the industry is currently in a transition period while the ISA reviews the applicants. During this period, the 18 companies have permission to continue to operate.
“If we decide yes, they will become fully regulated companies; if we decide no, they will have to stop their operations.”
Which way is the ISA leaning? “With binary options we’ve already informed the companies that our intention is probably not to approve this product. Its basis is problematic. Because ultimately — I don’t want to use the word ‘gambling’ because it is a financial product — but in the way it is offered and in the short time frame, and with all its complexity, in our view it brings it closer to a guessing game than a financial product where you can evaluate its worth.”
CFDs, or contracts for differences, a high-risk financial instrument that is also banned in the United States except on registered security exchanges, will be allowed in Israel, says Shurki. However, Shurki says CFDs will be regulated in real-time and aggressive or deceptive sales tactics will be rendered illegal. The ISA will monitor the prices of every product offered to make sure they are transparent and fair; traders will need to be licensed; and traders will also be prohibited from offering advice or tips to their customers.
“You can’t be in a position to give advice when their earnings are your loss,” Shurki explains.
This all sounds quite impressive. Once the ISA makes it decision, one might be forgiven for thinking, the binary options fraudsters will be out of business. But there’s a catch — a great big catch that potentially excludes the overwhelming proportion of binary options trading from effective supervision in Israel: The new regulations apply only to companies that target Israeli customers. If a binary options or forex company targets customers abroad exclusively, it will not be regulated by the ISA. Thus, to ensure that the new law not apply to them, companies need only exclude Israeli clients.
A quick visit to the websites of several binary options firms does indeed prompt messages saying the service is not available to Israelis.
Shurki says he is aware that the new regulations will not solve the problem of call centers that are defrauding people abroad, but says that such activity is not under the ISA’s jurisdiction, in the same way that the Financial Conduct Authority (FCA) only protects British citizens and the CFTC only protects Americans.
“If an American company tried to sell securities to Israelis, it would be our job to protect our citizens, not the Americans’ responsibility,” he explains, although he adds that the ISA does have very good information exchanges with its foreign counterparts.
Yes, but when an Israeli company steals from people in another country, is that not a crime?
“It is a crime,” says Shurki, but it’s not a crime for his authority to investigate. “There’s no such thing as a vacuum of authority. If an Israeli commits fraud or misrepresentation, that’s the purview of the Israel Police.”
The French connection.
Perhaps nowhere is the hand-wringing and acrimony over Israel-based forex and binary options trading more anguished than in the community of French Jews living in Israel.
In January of this year, a cover story of the French-language “Israel Magazine,” a monthly glossy magazine and website serving the French-speaking community in Israel and the Diaspora, was titled, “Forex, is it kosher?”
‘A generation of young people is in the process of perverting themselves into worshipers of the golden calf’ & # 8212; journalist in a piece warning about Forex.
In the introduction to the piece, journalist Andre Darmon writes, “The point of this article is not to point a finger at some of our fellow citizens or co-religionists, because the phenomenon is global, but to raise awareness that a generation of young people is in the process of perverting themselves into worshipers of the golden calf. And that earning a living does not mean everything is permissible!”
“These call centers hire lost young souls,” writes journalist Ilana Mazouz in Alliance, a French-Jewish Internet magazine, “many who do not speak Hebrew or English, and for a short time provide the illusion of a normal life in Israel.”
Some rabbis have forbidden people from working in the industry, calling it “theft,” while rabbinic lectures on the Internet in French bear titles like “Forex, dirty work and Amalek.”
Again, numbers are hard to come by for how many young French speakers are employed in the industry. Didier F., a French-Jewish businessman, told The Times of Israel that after he graduated from the IDC-Herzliya, many of his fellow students were recruited by forex and binary options companies.
Didier asserts that many owners of forex websites are members of a French-Jewish community of conmen who are hiding from French law enforcement in Israel, where the police, he alleges, don’t bother them over-much.
As previously reported in The Times of Israel, about 10 recent immigrants from France were charged last year with cyber crimes and telephone scams, while France has reportedly sent Israel 70 additional formal requests for judicial assistance for cases of suspected fraud. A movie was recently made in France about one of these alleged fraudsters. The movie is called “Je Compte sur Vous, French for “I’m counting on you.”
“I love when they say French aliyah has increased so much; now it’s 7,000 people,” says Didier. “It’s great, I’m happy about it. But then you see that many of them are working in the forex industry or binary options industry. You go to Tel Aviv today, when you say to someone in the French community, I work in finance, they immediately think that you work in this shit.”
Adds Didier: “Even if it’s a small amount of money, they’re stealing money from poor people. It’s destroying families. Some people have killed themselves.”
According to a report in Le Nouvel Observateur, a French news weekly, l’Autorite des Marches Financiers, the French securities authority, received a staggering 4,500-plus complaints about forex and binary options fraud in 2014. Those forex and binary options complaints constituted 37 percent of all complaints about securities fraud received by the authority in that year. The majority of the forex transactions that prompted those complaints originated in Israel, the article claims.
What does Google have to do with this?
There is yet another piece of the binary options empire, and it relates to the way Israeli firms manage to reassure customers of their ostensible integrity, via Google.
Let’s say you are a potential binary options customer. A company has approached you about making a deposit, but you are not sure, so you decide to do your homework. You Google, “Are binary options legitimate?”
You will get a list of results, one or two of which may be fraud warnings from the US regulatory body, the CFTC. The first few pages of search results, however, are dominated by sites that purport to warn you away from “scam” binary options sites and steer you toward legitimate ones. Upon closer examination, however, many of these “helpful” sites themselves turn out to be affiliates of the binary options companies.
Next, you might Google, “Are binary options legal in the United States?” Once again, many of the top results turn out to be websites affiliated with the industry itself, rather than an objective source of information. Some of these sites offer misleading statements and half-truths like “There are at this moment no laws both on the federal and state level that forbid US citizens from trading binary options online.”
US law banning binary options is directed at the companies that market them, not the customers who buy them, so there is some truth in that statement. However, the SEC and CFTC clearly warn investors that “they may not have the full safeguards of the federal securities and commodities laws if they purchase unregistered binary options that are not subject to the oversight of U. S. regulators.”
Many countries, including Canada, publish updated lists of unregistered binary options companies that solicit customers in Canada in violation of the law. A recent Canadian list is here. The list features 37 companies. The Times of Israel went to the website of each company on this list. Some were no longer in operation. Others blocked users from Israel (presumably to avoid trouble with the Israel Securities Authority). One now hosts a porn site. Most were hard to pin down to a geographic location. However, based on first - and secondhand sources, The Times of Israel suspects that more than half of these companies, if not the overwhelming majority, operate from Israel.
“Investing with offshore companies operating outside of Canada can be risky and is a common red flag of investment fraud,” the Canadian Securities Authority warns. Yet if you Google “Canada, binary options, blacklist,” once again, many of the top search results appear to be industry-affiliated sites, some of which recommend as legitimate the very same sites that are on the Canadian government’s blacklist.
Bryan Seely, a Seattle-based cybersecurity expert, tells The Times of Israel he is not surprised to hear of these Google search results, which, he explains, show Google’s search engine being manipulated.
“Google doesn’t make a point of censoring stuff; you can find drugs, you can find steroids, you don’t have to go to the Silk Road. Google indexes the Internet and ranks things where it ranks them.”
Asked why, if this industry allegedly has so many victims, their voices don’t show up higher in Google rankings, Seely says, “the victims aren’t as good at promoting what happened to them as the people in the binary options industry are at promoting the stuff they’re selling. The victims aren’t all going to each other’s pages” — so each victim’s page would typically have only a low Google ranking.
Seely, who has been battling to raise public awareness of massive search engine manipulation in the locksmith industry — another area, incidentally, where systemic fraud in the United States, with large-scale Israeli involvement, has caused scandal in recent years — adds, “here’s the underlying issue: Is Google safe to use? Or Bing?”
What he’s really asking, when it comes to the binary options industry, is whether searching Google will lead a potential investor who fears being defrauded to the independent, credible and accurate information he is seeking. The answer, it would appear, is no.
Search engine optimization and the secret of success.
Over the last decade, Israel earned the nickname “start-up” nation for its high-tech prowess. But not many people are aware that the country is also a global leader in online marketing and search engine optimization (SEO), an expertise it acquired in the “shadow industries” of porn, online gambling and binary options, according to TheTime’s 2014 report on the Israeli Internet industry. That expertise has plainly been applied by fraudulent binary options firms, whose affiliated sites show up high in Google searches — sending unsuspecting and naive clients their way.
Yoni S., an Israeli high-tech entrepreneur and SEO consultant, explains that without effective SEO, a fraudulent local player remains local, defrauding perhaps a few hundred victims in his vicinity. But with the power of Internet marketing, the scammer’s reach can go global.
The Times of Israel sent Google a request for an interview about the manipulation of its search platform by allegedly fraudulent businesses in the binary options industry, but Google did not respond.
What do the police have to say?
The Times of Israel contacted the Israel Police repeatedly to ask them about alleged fraud in the forex and binary options industries. Their answers underlined how law enforcement is struggling to grapple with the soaring, fast-moving challenge of Internet crime.
“If there are investigations going on into fraud, etc., I don’t have information on this. If someone has filed a complaint to the police, then let me know,” Israel Police spokesman Micky Rosenfeld replied.
A second police spokesperson, Luba Samri, told The Times of Israel, “We got lost in your question. Please focus it more. Who filed a complaint against whom?”
Finally, The Times of Israel called a third spokesperson, Merav Lapidot, and asked her what the police are doing about suspected fraud on a vast scale in the forex and binary options industries in Israel.
“This is something you’re claiming. If no one has complained about it, there is no issue. You want us to check every company in Israel and see if by chance they are committing crimes?”
Told that people who worked inside the industry have described widespread potentially fraudulent behavior on the order of hundreds of millions of dollars, affecting tens of thousands of people, Lapidot replied: “But no one has complained. I don’t know what happens in every company. That’s not our job. You could start a business tomorrow selling jewelry over the Internet. Will the police come to investigate your business?”
To the suggestion that there may be thousands of victims abroad, Lapidot said, “If there is someone who complained, we need to check that specific complaint. We’re not going to check a whole issue.”
Is it possible that an entire industry, much of it allegedly corrupt, is slipping through the cracks between Shurki’s Israel Securities Authority, which doesn’t handle crimes hatched in Israel whose victims are abroad, and the police, which won’t act unless specific complaints are filed with them?
Zvika Rubins, a PR consultant for the Israel Securities Authority, says the law simply hasn’t caught up with the dubious and crooked methods people have devised to make money on the Internet.
“When you talk about bits and bytes, it’s not that simple. Was there a crime? Where did it take place? For instance, let’s say you have a company and it’s incorporated in the British Virgin Islands and its servers are in India and it has a trading room in Israel. Is it an Israeli company? I don’t know.”
Rubins, who stresses that he is not an expert on criminal law, muses that if someone in Israel commits a crime against someone in, say, France, over the Internet, then it might be the responsibility of the French to open an investigation, trace the crime to Israel, and approach the Israeli police about it.
Yoni S., the SEO expert, is outraged by this approach. “In Israel it’s against the law to murder, but if I establish a company in Israel that murders people through the Internet in Malaysia, that’s okay?”
Seely sees the problem as extremely serious and growing: “We’re becoming a global culture and global economy, and physical borders don’t exist on the Internet. It’s become easier to scam people all over the world. We have no protections in place to prevent it and it’s getting worse.”
“It’s a jungle out there,” says Yoni, referring to the fact that people do all sorts of things on the Internet that would be illegal within their own borders.
“The Internet came in, no one has passed any regulation yet, and now there is an opportunity to make tons of money in the jungle.”
A response from inside the industry.
Tali Yaron-Eldar, Israel’s income tax commissioner from 2002 to 2004, in 2007 founded eTrader, a binary options firm that targets Israelis, along with Shay Ben-Asulin, who also co-founded AnyOption, one of Israel’s largest binary options companies with revenues in the tens of millions of dollars. In 2011, Ben-Asulin was indicted by the United States for securities fraud, and last month he was convicted of fraud by an Israeli court for helping an Israeli credit card company, ICC-CAL, illegally clear billions of shekels of charges from porn, binary options and gambling websites, as well as conceal the number of canceled transactions. For his crimes, Ben-Asulin will do five months of community service and pay a fine of less than $1 million.
In a 2014 interview (Hebrew) with Israel’s Channel 10 news, when asked if she was discomfited by the fact of young demobilized soldiers and old pensioners losing all their money trading binary options, Yaron-Eldar responded: “Ask the people who invested and lost their money. All of them knew they were entering something risky.”
The Times of Israel contacted Yaron-Eldar to ask her about alleged fraud within the binary options industry.
To the extent that this is true, she said, it applies to unregulated companies.
“The companies with a license are very careful,” ela diz. “AnyOption [a company she is associated with] has a Cypriot license. It is very careful to follow the law. It is being watched all the time.”
In Yaron-Eldar’s view, and contrary to the opinions of other people interviewed for this article, Cypriot regulation is very tough, on a par with the UK’s Financial Conduct Authority (FCA).
Asked about the fact that the Canadian government has included AnyOption on a list of companies illegally soliciting Canadian citizens, Yaron-Eldar replies, “Not that I am aware of.”
In fact, Yaron-Eldar insists that AnyOption is not an Israeli company at all.
“AnyOption does not have offices in Tel Aviv. It’s a company that operates from Cyprus.”
Indeed, a perusal of anyoption reveals no references to Israel. Nevertheless, it is no secret that hundreds of employees go to work each day at AnyOption’s offices at 38 Habarzel Street in Tel Aviv’s Ramat Hachayal neighborhood. How does she explain this discrepancy?
“They’re not working for the same company,” ela diz. “They’re working for AnyOption Israel, not AnyOption Cyprus. The company they work for is a service provider to the company in Cyprus.”
In other words, AnyOption (like many other binary options companies with similar corporate structures) is not in fact an Israeli company, according to Yaron-Eldar’s reasoning. This means that it, and many others like it, is subject to Cypriot law and regulation, not Israeli law. Since much of the regulated part of the binary options industry is subject to Cypriot regulation, the honesty or dishonesty of those firms may hinge on the strength and honesty of Cypriot law enforcement.
Where are the victims?
The Times of Israel contacted the FBI to see if anyone had complained about forex or binary options call centers in Israel, but the agency did not respond.
ASIC, the Australian Securities and Investments Commission, replied in an email, “We don’t comment on operational matters, this includes confirming or denying if we have received complaints about a particular matter or not.”
A French government spokeswoman, however, confirmed that France has been having problems with forex fraud emanating from Israel.
“Yes, there are some cases of fraud, as you say,” ela disse. “Forex is not per se a fraud but it can be used for fraudulent objectives. We have had some cases between France and Israel, and we are in touch with the Israeli authorities about this. There is a very good cooperation between the two countries and the two services on this issue.”
Back to Australia.
Ariel Marom, the mysteriously disappeared former forex employee who wrote that anguished 2014 letter to the Knesset, warned of the fallout when the extent of the corruption in the binary options industry in Israel is exposed.
“What happens when thousands of Turks, Russians, Spaniards, Italians and French figure out that the scam they fell for was carried out from here, in Israel?” he asked in his letter. “Are our regulators waiting for synagogues to start blowing up all over the world to shut this thing down?”
Dan Guralnek, the Australian immigrant, has drawn his own conclusions. “This amount of dishonesty would never be allowed to exist in Australia,” ele diz. “They would shut down [the industry] overnight.”
Guralnek recently became engaged to an Israeli woman. But he hopes to persuade her to move back to Australia with him, in part because of the high cost of living that drove him to work in binary options in the first place, and in part because of the corruption he has encountered.
“Now I see corruption everywhere I look,” ele diz. “Anywhere where there’s no light shining on the corruption in this country, it feels like it’s growing.”
CoursTorah, the website of a Francophone synagogue near Tel Aviv’s Hamedina Square, has a page on its website warning against the binary options industry, headlined “Stop the Scam!”
“Many people you know work directly or indirectly for these scam websites,” reads the page, warning that binary options and the majority of forex companies operating from Israel are fraudulent. It advises congregants to “run away from these companies!”
And it issues an evidently all too necessary reminder: “Let us remember the eighth commandment, ‘Thou shalt not steal.'”

As vítimas de opções binárias canadenses suicidas pedem ajuda israelense para obter seu dinheiro.
Brian Roxborough diz que Magnum Options roubou as poupanças de vida de US $ 134.000; diz que a polícia de Israel não faz nada, apela ao público para obter informações.
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Simona Weinglass é uma repórter investigativa do The Times of Israel.
O Times of Israel recentemente recebeu um e-mail com a linha de assunto "EU ME MATAREM". # 8221; O escritor, Brian Roxborough, de 49 anos, disse que perdeu as poupanças da sua vida, acima de 170 mil dólares (134 000 dólares), para uma empresa de opções binárias chamada Magnum Options, uma marca agora fechada, entendida como operada a partir do Tel. Área de Aviv.
O Times de Israel também foi contatado por um homem que perdeu dezenas de milhares de euros para outra empresa chamada Tradeo, que também está ameaçando tirar sua própria vida.
Essas ameaças acontecem um ano depois que o pai de quatro Fred Turbide tirou sua própria vida depois de ser destruído por uma empresa de opções binárias de capital israelense. Sua morte e o testemunho organizado pelo The Times of Israel por parte de sua família para uma sessão do comitê do Knesset, fizeram parte do processo que levou o parlamento israelense a finalmente proibir toda a indústria de opções binárias em outubro e 8212; uma proibição que entrará em vigor no próximo mês.
Em ambos os casos atuais, os homens desesperam-se de recuperar o dinheiro e não conseguiram identificar os principais beneficiários das contas bancárias onde o dinheiro acabou. Ambos os homens pediram ao Times of Israel que atraísse o público para ajudá-los.
Uma vez que The Times of Israel começou a expor a indústria fraudulenta, que perdeu bilhões de vítimas em todo o mundo há uma década, recebemos um fluxo constante de e-mails das vítimas pedindo ajuda, detalhando como suas vidas foram arruinadas e pedindo informações sobre as empresas que tiraram seu dinheiro. O Times of Israel não tem conhecimento de nenhum esforço significativo da aplicação da lei israelense para buscar o retorno de qualquer um dos bilhões roubados, e nenhum israelense foi condenado aqui até agora por fraude de opções binárias. Os fraudadores de opções binárias oferecem a promessa de retornos lucrativos sobre investimentos de curto prazo, mas, de fato, empregam várias rodízios e # 8212; incluindo a falsa representação, a manipulação de plataformas de negociação e a recusa de pagar & # 8212; para vazar suas vítimas.
O Times de Israel foi informado por várias fontes que, desde que a lei proibiu toda a indústria, muitas empresas de opções binárias começaram a mudar suas operações para o exterior. Antigos operários e empresas, nos disseram, também começaram a tentar fraudes relacionadas envolvendo criptografia.
Como relatamos em 4 de dezembro, os conselhos de emprego de Israel para oradores de língua estrangeira, que ficaram quase desprovidos de anúncios de opções binárias durante o verão, são mais uma vez preenchidos com empregos para vendas de pessoas com fome de dinheiro para trabalhar em call centers que oferecem "o bônus mais elevados. "" Experimente em opções binárias uma vantagem! ", alguns desses anúncios declaram, não condenados - e, evidentemente, os candidatos que acreditam não serão intimidados - pelo fato de que todo esse campo agora é ilegal.
Roxborough & # 8217; s solicitação de ajuda por email, escrito em letras maiúsculas, alegado: & # 8220; O governo de Israel permitiu que as empresas de opções binárias não regulamentadas operassem em Israel. As empresas de opções binárias não regulamentadas estão espiando pessoas em todo o mundo e Israel está ganhando muito dinheiro com a fraude criada pelas empresas de opções binárias. Minha esposa e eu perdemos nossas economias no mês passado, quando as Opções Magnum encerraram seu e-mail e site e roubaram nosso dinheiro. # 8221;
Quando Magnum Options desligou, Roxborough disse que ele tinha 220.000 dólares canadenses em sua conta, dos quais 170.000 era dinheiro que depositava e 50.000 eram "lucros" que ele havia feito na negociação. Um motorista de caminhão aposentado, ele disse que não sabe para onde recuperar o dinheiro. Ele disse que um advogado israelense disse-lhe que agora que muitas das empresas fecharam, não responderão a uma carta de demanda e que as vítimas terão que rastrear os proprietários reais e processá-los.
Roxborough disse que precisa conhecer as identidades reais de seus gerentes de conta, "Olivia Williams", "Thomas Rogen" e "Aaron Phillips", que, segundo ele, o atraiu para depositar as poupanças de sua vida em suas mãos com falsas promessas de altos retornos .
Depois de receber o email de Roxborough em outubro, The Times of Israel informou a Embaixada do Canadá em Tel Aviv, na Comissão de Valores Mobiliários e na Polícia de Israel.
O governo canadense entrou em contato com a polícia nas Filipinas, onde Roxborough se aposentou recentemente e várias policiais filipinas apareceram em sua casa para garantir que ele não tivesse levado a cabo sua ameaça e enviou uma foto dele de volta aos canadenses.
A polícia israelense chamou The Times of Israel várias semanas depois de ter denunciado o incidente perguntando se nós tínhamos informações de contato da Roxborough. Roxborough posteriormente disse que não tinha ouvido falar da polícia israelense.
Ele recebeu um e-mail do gabinete do primeiro-ministro, a quem ele também havia escrito, dizendo que o governo israelense não podia ajudá-lo com o dinheiro que ele confiou a uma empresa privada.
Em 18 de outubro, o governo britânico encerrou duas empresas que estavam sendo usadas para operar MagnumOptions e MagnumOptions. eu. Trata-se da Hampshire Capital Ventures Limited (Hampshire Capital), e seu sucessor, Solaris Vision Ltd, uma empresa registrada na Bulgária,
De acordo com um comunicado de imprensa emitido pelo Serviço de Insolvência do Reino Unido, 41 reclamações foram feitas à polícia britânica contra as Opções Magnum no período de fevereiro de 2016 a março de 2017. O comunicado de imprensa feito para reprimir a leitura sobre as práticas comerciais da Magnum Options # 8217.
"Os sites fizeram numerosas reivindicações sobre possíveis retornos de investimento, com uma taxa de retorno de 81% por comércio usado como título em todos os sites, & # 8221; o comunicado de imprensa especificado. & # 8220; A investigação em ambas as empresas descobriu que eles atraíram clientes através do marketing viral de internet, oferecendo retornos fixos garantidos conforme estabelecido em todos os sites acima. Os clientes não foram informados sobre termos e condições no ponto de venda. Esses termos e condições foram considerados onerosos e injustos para os clientes, exigindo que eles negociassem 30 ou 40 vezes os saldos de suas contas para fazerem retiradas.
& # 8220; Mesmo quando alguns clientes fizeram isso, nenhum pagamento foi feito, & # 8221; a autoridade britânica disse. & # 8220; Os clientes que buscavam retiradas ou reembolsos de seus depósitos foram principalmente satisfeitos com o silêncio das empresas, que eram apenas contatáveis ​​por email após o tempo que os clientes se inscreveram para negociação ".
O Serviço de Insolvência também disse que a Magnum Options fez retiradas não autorizadas dos cartões de crédito dos clientes e fingiu estar operando no Reino Unido quando não.
Quando Roxborough entrou em contato com o Serviço de Insolvência, ele foi informado de que o governo britânico não sabia como recuperar sua ou outras vítimas # 8217; dinheiro.
"Os indivíduos que estão por trás das empresas passaram a grandes extensões para ocultar suas identidades", escreveu um examinador sênior no Serviço de Insolvência a Roxborough. “Ainda não foi possível fazer qualquer contato com as empresas ou recuperar quaisquer registros ou ativos da empresa. Em particular, ainda não foi possível estabelecer os detalhes de qualquer conta bancária usada pelas empresas. Nas informações atuais, não há probabilidade de haver qualquer distribuição financeira para os credores. ”
O Serviço de Insolvência do Reino Unido disse ao The Times of Israel que acolheria com entusiasmo qualquer informação que o público possa fornecer sobre os proprietários e contas bancárias por trás das Opções Magnum.
Vários ex-funcionários e outras fontes disseram ao The Times of Israel que a Magnum Options era uma das várias marcas de opções binárias operadas por uma empresa chamada Rushmore Marketing em Tel Aviv. As outras marcas incluíram Traderush, Boss Capital e 10Trade. O dono da Rushmore Marketing, de acordo com o registro corporativo de Israel, é Jonathan Siennicki, de Kfar Shmaryahu. Nos documentos do Panamá, as três marcas são descritas como pertencentes a Iuliia Vasylchuk, da Netanya, imigrante ucraniana a Israel.
Antes de se envolver em opções binárias. A Rushmore Marketing operou vários cassinos on-line, registrados sob a empresa cipriota Isagro Holdings.
A Isagro Holdings Ltd. foi fundada em 2006 por outras duas empresas cipriota, Paramac Ltd e Plenexus Ltd., de acordo com o registro corporativo cipriota. De acordo com numerosos artigos na mídia romena, Paramac é de propriedade de um homem romeno chamado Lucian Badescu e Plenexus é de propriedade de Silviu Bogdan Mihalcea-Calinescu, ambos envolvidos em um suposto esquema de corrupção pelo qual eles compraram energia subavaliada do governo romeno e vendeu de volta ao governo romeno para um prémio, uma façanha que foi realizada como resultado de suas relações amigáveis ​​com altos políticos romenos.
Em meados de 2007, todas as ações da Isagro Holdings foram transferidas para dois israelenses, Naphtali Goldman e Jonathan Siennicki. Goldman foi preso pela polícia israelense em 2009 por operar um cassino em linha que alegadamente atacou israelenses. O suposto parceiro comercial de Goldman foi Asi Vaknin, uma figura de submundo israelense de renome que se tornou uma testemunha policial contra a família do crime de Abergil. Goldman acabou sendo inocentado das acusações, de acordo com um comunicado de imprensa que ele próprio publicou. O Times of Israel não conseguiu verificar de forma independente o resultado do caso, pois os arquivos do tribunal são "classificados" e não estão disponíveis ao público. Em novembro de 2007, a Siennicki tornou-se o único acionista da Isagro Holdings. Ele também é o único acionista da Rushmore Marketing.
O Times de Israel entrou em contato com Siennicki para uma resposta a este artigo, mas não recebeu resposta.
A conta bancária de que a Roxborough transferiu dinheiro foi em nome de uma empresa de Hong Kong chamada "Valoris HK Ltd." no Bank Pekao em Varsóvia, na Polônia.
Curiosamente, uma pesquisa on-line para esta conta bancária revela que, ou uma conta com o mesmo nome no Bank Pekao, ainda está recebendo fundos ativamente. A mesma conta foi usada para aceitar pagamentos para mercados TD, opções binárias e site de negociação forex, bem como QuadrigaCX, uma troca de bitcoin que afirma estar baseada em Vancouver, Canadá. Há também uma queixa em linha de uma mulher que foi convidada a enviar dinheiro para a Valoris HK Ltd. para comprar produtos farmacêuticos para animais de estimação.
Em 24 de novembro, Roxborough enviou um segundo e-mail ao escritório do primeiro-ministro Benjamin Netanyahu, da seguinte forma: "Oi, o governo israelense. Você se recusou a transferir meu dinheiro que foi roubado pela Magnum Options, embora eu disse que vou me matar. Você provavelmente pensa que, legalmente, você não tem obrigação de devolver o meu dinheiro quando eu dei meu dinheiro para uma empresa e você não tem obrigação legal de me devolver o meu dinheiro. No entanto, seu governo deve ter uma obrigação moral de me ajudar.
Eu não sou uma pessoa para Israel. Eu sou apenas um alvo não humano para roubar dinheiro sem sentimentos.
"Meu sentimento é que Israel não fará nada," # 8221; ele continuou. Israel gosta de empresas de opções binárias que fraudam pessoas em todo o mundo. Eu não sou uma pessoa para Israel. Eu sou apenas um alvo não-humano para roubar dinheiro sem sentimentos ".
Quando perguntado sobre como respondeu aos e-mails de Roxborough, o PMO disse em um comunicado que "o governo avançou legislação que proíbe inteiramente a venda de opções binárias de Israel. A lei foi aprovada há cerca de um mês e entrará em vigor em cerca de dois meses. ”
Uma porta-voz da Autoridade de Valores de Israel disse que a ISA ficaria feliz em ajudar o governo britânico a rastrear os proprietários das Opções Magnum, mas teria que receber um pedido oficial da UK Financial Services Authority.
A polícia israelense não respondeu ao pedido de comentários do The Times of Israel.

News Headline Alert: Israel’s vast, amoral binary options scam exposed.
It is a fact of life that, whenever consumers are drawn to the latest rage in any business offering, especially one that involves money in any way, that offering will also draw the criminal element of our society, as well as a healthy contingent of people that operate on the fringes in the shady regions of unethical business practices. Binary options are the latest rage in foreign exchange, and it should come as no surprise that, in one particular market, a recent newspaper exposé has uncovered business practices that should send shockwaves through the trading community and awaken our collective consciousness.
The market is Israel, and the exposé comes to us from The Times of Israel . Many of the warnings that we have been hearing lately from regulators, as well as innumerable complaints from an army of forex traders, have had to do with aggressive marketing campaigns from binary brokers attempting to solicit new customer deposits in countries where they do not have offices or licenses that permit their activities to be authorized. It now appears that the hotbed of this operation resides in Tel Aviv, where young workers will do almost anything to afford the local high cost of living, said to be only second to Tokyo. Job listings are abundant. The pay is low, but the nature of the work is what is so appalling and what this article illuminates.
The newspaper article is a ten thousand word treatise on shady business practices, how people get drawn into a web of unethical behavior, how consumers are fleeced right and left, and why law enforcement officials and regulators have turned a blind eye to this travesty of justice, or, as some have characterized it, a time bomb waiting to explode. The author walks you through each avenue of the scam and highlights the piece with quotes from participants that were willing to share their personal experiences. We can easily describe this situation as fraud at the highest level, but it borders on the edge of legality. Be advised to be cautious in any undertaking involving an offshore enterprise.
Our story begins in Australia.
Dan Guralnek had been a young Jewish boy that attended Jewish Day School in Sydney, Australia, but when he was 28, he made a life career decision to immigrate to Israel. “I always wanted to move to Israel. I thought, ‘I’m free, no strings attached, I can go.’” After learning Hebrew, he settled down in Tel Aviv, working a number of low paying jobs in an attempt to pay his sky-high rent and other living costs. Like many before him, he began to search the papers for higher paying jobs. The job listings were dominated by ads for the binary options industry, supposedly paying twice what he was then making with the possibility of commissions, as well.
Dan began making calls and had no difficulty qualifying for an interview. “As soon as I started looking for a job, I was getting calls from binary options companies every day. They dominate the job advertisement space. You walk in and they make a big show like they’re assessing whether or not they want you. But they want you.” Before he could say forex, he found himself in a call center with fifty other employees. Many of them were recent immigrants like himself, well versed in a variety of foreign languages.
In his own words, “My job was to call people around the world and persuade them to “invest” in an ostensible financial product called “binary options”. I was told to tell people I had years of experience in the market, that I had studied at Oxford and worked for the Bank of Scotland. The clients would be encouraged to make a deposit — to send money to his firm — and then use that money to make trades.”
If you have been cold-called on the phone by someone like Dan, then, according to the article’s author, Simona Weinglass, the person on the other end of the line has been trained to manipulate you in every way. She wrote, “Before he started the job, the company gave Guralnek a week-long sales course in which he was taught enough financial knowledge to sound good to a customer who knew less than him. He was also instructed in high-pressure sales tactics. He had been instructed to present the binary option as an “investment” and himself as a “broker,” even though he knew they would most likely lose all their money.”
Dan adds, “The client isn’t actually buying anything. What he’s buying is a promise from our company that we will pay him. It’s gambling and we’re a bookie. They taught us how to make people uncomfortable, how to answer objections, how to keep them on the phone. They told us to leave our conscience at the door.”
If investment cold-calling is legal, then why is this situation a scam?
It is not a crime for an investment professional to call you on the phone and then try to sell you either his security offerings or management services. Laws that protect the consumer vary by country, and quite a few countries are lax in this area, the reason for the many disclaimers on forex websites and the common advice of “Buyer beware”. The problem with the situation in Israel is not with the actual calls, per se. The issue is that the “bucket shop” operations are part of a larger scheme that is deliberately designed to fleece unsuspecting consumers, typically the poor, by appealing to their greed.
These operations are currently under the regulatory radar screen in Israel. Estimates are that there are hundreds of binary bucket shops, which sell their services to legitimate firms in Cyprus and other locations. Several thousand employees work in the suburbs surrounding Tel Aviv, and “the Israeli forex and binary options industry has annual turnover in the hundreds of millions, possibly even billions, of dollars.”
Many are local subsidiaries of parent firms, but when Weinglass investigated further, she found that the parent companies typically deny any association with the Israeli entities, even if the brand name appears on the office door. The response is that the firm is an Israeli corporation, as opposed to a division of its Cyprus home office. Such games are prevalent in this industry to avoid regulatory oversight and apparent blame in the event of litigation.
Weinglass was also told that, “At some companies, the house is bent. A variety of ruses are used. The potential payout for a correct prediction is complex, opaque and calculated to minimize the company’s loss. If an asset is behaving in a predictable way — say, the price of copper starts to climb following an earthquake in Chile — the company will pull that asset from the online platform. At some binary options firms, the online platform is manipulated to provide false results that ensure the customer loses.”
Do we know how many of these enterprises are fraudulent?
There is no way currently to assess how many of these companies act unethically or deliberately perpetrate fraud, primarily because they are not regulated. Chaya Berkowitz, an eight-year veteran of forex companies in Israel, confided that, “If you have ten forex companies, probably six or seven of them have bad reputations that give the others a bad name. It’s unfortunate because the others take their business seriously and do care about their clients.”
In late 2014, Ariel Marom, a former employee of several binary option companies in Israel, actually assumed the role of a “whistleblower” and petitioned government officials to take action. After describing the industry as “economic terrorism”, he went on to say, “I am calling on the regulator in charge of banking services and the Knesset Finance Committee to immediately take action to stop the wave of plundering, theft, fraud, money laundering, and crime on an international scale that is managed and operated in Israel that is hurting thousands of customers around the world.” No one has been able to find Mr. Marom for an interview.
After new legislation went into effect in May 2015 to regulate online financial trading industries, the Israel Securities Authority (ISA) asked for license applications under the law for those businesses wishing to sell their products to Israeli citizens. Eighteen binary option companies complied, but according to Itzik Shurki, director of the ISA’S Exchange and Trading Platforms Supervision, “If we decide yes, they will become fully regulated companies; if we decide no, they will have to stop their operations.” To date none of these applications have been approved.
Shurki also added that, “With binary options we’ve already informed the companies that our intention is probably not to approve this product. Its basis is problematic. Because ultimately — I don’t want to use the word ‘gambling’ because it is a financial product — but in the way it is offered and in the short time frame, and with all its complexity, in our view it brings it closer to a guessing game than a financial product where you can evaluate its worth.” Another employee within the industry countered, “For some crazy reason it’s legal in Europe. Individual European nations are letting binary options fly. While countries like the United States smelled the bullshit a long time ago and made it illegal.”
Why aren’t law enforcement officials arresting these people?
When questioned directly, law enforcement officials throw their hands up in dismay. Until there are complaints, they cannot investigate, and no complaints have been filed. These nefarious firms know how to tiptoe around the law by only soliciting customers outside of Israel in countries like the United States, Europe, Russia, and Arab-speaking nations.
Regulatory agencies in these areas often warn of “fraudulent schemes involving binary options and their trading platforms. These schemes allegedly include refusing to credit customer accounts, denying fund reimbursement, identity theft, and manipulation of software to generate losing trades.” Shurki adds that it is not his responsibility to arrest people for theft – check with the police.
The Times of Israel contacted the Israel Police, but their response was, “This is something you’re claiming. If no one has complained about it, there is no issue. You want us to check every company in Israel and see if by chance they are committing crimes?”
Observações finais.
Beware the aggressive marketing agent, who solicits a deposit from you for an offshore binary options account. As for protecting yourself from choosing one of these firms in the first place, Chaya Berkowitz advises, “I would also ask friends or other investors. Personal word of mouth is huge. I would do my homework.” And, so should you, too!

The good binary option.
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Blogs Editor.
As I took a break from working on a mean new reverting binary option algorithm my R&D team has the misfortune of backtesting for me for the 30th time :), I came across this story which tickled my interest. It details the attempts of former Israeli political, Knesset member and McKinsey consultant Einat Wilf, to shut down the Binary Options industry in Israel by inflicting a ban. Turns out she was shunned by lobbyists and regulators. And, might I humbly add, rightfully so!
Don’t get me wrong; far from being a proponent of scam in the sector, I actually despise what parts of the industry have become and Wilf was indeed on to something back in 2012. But things have changed since then — and for the better, but mainly outside Israel. This need not be the case. One simply has to be granular about the subject and not risk throwing the baby out with the bathwater. Borrowing an analogy from the medical sector; if a patient has cancerous growths, you remove them with surgical precision or, at worst, you blitz them with chemotherapy sessions. You don’t kill the person. Israel banning Binary Options without exploring a hardline regulatory route first would not make any strategic sense, given the country’s influence and smarts in the tech sector both home and abroad.
The sector has come to generate over $3bn in turnover globally and, in Israel alone, it employs thousands of people in the Ramat Gan and Tel Aviv area. Israel has been and remains a hotbed for technological innovation, not only in the fin-tech sector but other corollary sectors. In the binary options sector specifically, while it did not invent binary options as an asset class per say (the credit for which may go to a French gentleman in 2002, by the name of Jean-Yves Thereau of Betonmarkets, now Binary), major binary option technology platforms, like Israel based Spot Option, made it possible for the retail sector to enjoy the asset class across the world.
Alas the growth came too quick. Compared to other asset classes, binary options are mathematically structured to offer the highest percentage payouts relative to capital per trade. Therefore, they also attract the thrill seekers and gamblers. Rather fittingly, those running binary option brands tend to be from the gaming and gambling sector. Hence, the level of sophistication on both sides of the table, is rudimentary with neither really understanding the trading of a binary option; which in its very essence is a financial derivative, just like an equity, fixed income instrument, index, or, most popularly, a currency.
This results in less than 5% of binary option traders actually making money. Unregulated brokers meet the demand for thrill and quick profits, by offering promises of ridiculous gains creating a match “made in hell,” with both parties ending up suffering on the wrong end of the stick. Why is that you ask? Yes the depositor’s account is ravaged and depleted but this also has the counter effect of generating many negative reviews online resulting in severe brand damage to the broker as well. Eventually the broker’s brand is left so tarnished that they are forced to close shop and rebrand under a new name, which does not last long. Both parties lose out and this does not have to be the case!
The old model.
By now the ‘pump and dump’ business model of certain unethical binary option brokerages is so well known and widely documented, that I won’t waste your time regurgitating its mechanics in full. In short, the affiliate of a binary broker entices the trader to deposit and thereby gain access to a “money making machine” auto trader that promises to make them hundreds to thousands of dollars per day, for life. The broker in return, pays the affiliate a huge commission (often $250-400 one off or a revenue share based on client losses). The aforementioned auto trader depletes the trader’s account in a week, at which point a seedy, unqualified account manager takes near or full control of the account and coerces large amounts of new deposits, which he or she then ends up trading to zero. This generates pure profits for the broker and leaves the trader disillusioned and financially damaged. The lifetime value of the average client is less than three months, sometimes just a few weeks, owing to this myopic approach. The client does not even have the time to get to understand the financial markets on which binary options are structured and therefore has no time to employ his or her skills to attempt to navigate them over a longer-term period.
The new model.
Binary option brokerages following the new model, instead, engage in client education and focus on technology, providing state of the art trading platforms. This approach results in a higher rate of retention and lifetime value per depositor. Most importantly, it gives the depositor the chance to learn the markets and gain increased confidence to part with larger amounts of capital and allocate this to their own trading of their own account at the broker.
This is the new model and it will eclipse the old one because it makes sense, for both depositor and broker. In fact, there are a handful of binary brokerages using the Spot Option platform that are regulated, properly, by the Cyprus Securities and Exchange Commission (CySEC) and offer extremely safe trading environments. An example is Optiontrade. Another broker, ETX Binary, not headquartered in Israel but London, uses the Israeli binary platform provider Marketspulse. It is a misconception that everything coming out of Israel on the binary front is a scam; quite the contrary. The only reason brokerages following the new model are not well-known is that they refrain from participating in affiliate funnels filled to the brim with scam products, that are aimed at fleecing the masses by forcing them to deposit at desperate, undercapitalised binary brokerages.
I will go on to say, however, there are also a handful of brokerages that use their indigenous platforms and are regulated in strict regimes like the Malta Financial Services Authority (EU). One such brokerage is Binary, the oldest binary broker, that in my opinion is leading the technological revolution in Binary options by moving to an API based platform, allowing for technological transparency and integration.
I’m a tech geek, so I look at those that focus on financial innovation or education in the binary options space and not on new techniques for depleting the depositor. There is a major bifurcation in the sector, a “forked road” if I may say and it is important that Israeli regulators close the retail gates to one path but do not lose sight of the other path that is fast evolving. Israel should be at the forefront of innovation and regulation in the sector.
Regulate, don’t terminate.
Let’s discuss the math because in the math it becomes apparent how beautiful an asset class binary options are and how they offer an entry point for the novice retail trader, a bridge from not knowing how to trade to full-blown professional trading in FX, equities or other asset classes. Let me start by saying, binary options trading is a science that requires technical trading knowledge and emotion control; both of which can be learned and improved over time. It is not gambling, because the odds of winning a trade are a function of your ability , not luck or Murphy’s law (aka your account manager). This is fact and anything else anybody says about this just shows they are not financially literate.
A classic option which gives the investor the right but not the obligation to purchase the underlying asset at a fixed strike price is priced using the Black Scholes formula. The global options industry is turning over billions every day and is used for transactional, hedging and speculative purposes. The binary option is a simplified, retail variant of the classic option. In pricing the payouts, it enables the investor to participate in high payouts (ranging from 70-108% depending on binary broker and platform), with a fixed upfront investment, thereby limiting their total potential downside at the outset (which is unique). Certain binary option platforms actually use the Black Scholes pricing model for pricing the payout if a trader wishes to close their position before expiry and some even price payouts on a variable basis, depending on the extent of a price move. This is all science. Knowing whether to buy or sell can seem like gambling because market prices can seem as if they are meandering up and down without any real reason. However the validity of random walk theory is highly debatable and research from Lo & MacKinlay (MIT Sloan School of Management) shows that it may be wrong indeed. Market movements are logical and occur owing to new information (news), transactions and speculative behavior. If this were not the case, then the entire hedge fund and investing industry would be a gamble, which it is not. It is indeed regulated and can be a significant source of long term income for any committed trader. As opções binárias não são diferentes.
Gamblers will read the above as another roulette wheel opportunity, but those who embark on the intellectual journey of education, starting first with where to safely deposit and then spending a few months learning technical analysis, stand a chance at growing their capital substantially over time. It is this, that the ISA and Israeli regulators should focus on; promoting the good and exercising their authority to cripple those that are trying to distort the face of the binary option asset class and in certain instances, FX. On this point, I would like to briefly segue into FX. There seems to be some serious confusion between FX and Binary Options; the two couldn’t be more distinct asset classes, yet it seems sensationalism has gotten the better of journalism nowadays and since some binary option brokerages also double up as FX brokerages, the line is blurred unfortunately.
FX is not BO.
Simply put, FX is a deeply evolved and well regulated asset class. Global FX retail trader volumes are in the $350 billion range per day and when including institutional players that engage in trading of swaps, forwards and derivatives, the daily FX market dwarfs any asset class, generating close to $4.5 trillion in turnover. Brokerages regulated by the US Commodities Futures Trading Commision and the UK’s Financial Conduct Authority, such as Oanda and many others across the globe, have transformed the sector for the retail masses and owing to proper regulation in major economies, market makers like Deutsche Bank provide liquidity to regulated brokerages, where applicable.
The conflict of interest, therefore, is effectively zero. Yes there are scam FX brokerages but really they will only attract those who are not computer literate enough to spend a few minutes Googling which FX brokerages are well known. But the amount of FX brokerages that follow the old model are a dying breed and a relic of the past; a time in the late 90s and early 2000s when retail depositors had little protection and FX too was a wild west. The only thing that FX and binary options have in common is that some binary options are priced on underlying currency pairs like EUR/USD or GBP/JPY. In FX there is no concept of expiry, instead take profit and stop loss levels. In Binary Options, the payout is fixed upon expiry, however in FX it is variable and can be crystallised by the trader upon command.
So, I beg, some granularity please.
A cool factoid!
Here is a small factoid from our R&D labs; Did you know that when you lose a binary trade, small amounts of cortisol (a steroid hormone) are released in your brain that dull the capability of your neocortex, which governs rational trading decisions and money management, thereby increasing your emotional trading? If you experience consecutive losses, your amygdala, which governs basic emotions such as anger and revenge, takes over. This is known as an amygdala hijack! This is why you blow your account.
I will leave you with that and get back to engineering.
Oto Suvari is director of R&D, working on algorithm development, at Blue Sky Binary.
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