Reddit binary options trading demo account no deposit
They then attempt to press clients for additional assets and convince them, based on the previous performance that they can get rich quick. Clients who move significant portions of their investment portfolios to these brokers lose tens or hundreds of thousands, which makes it a particularly devastating type of fraud perpetrated on victims living in hope.
In some cases, people attempt to withdraw their account balances only to be told subsequently that the brokerage cannot release the funds. The brokerage will then cease contact with them, absconding with the money. In other cases, one operation will own several binary options platforms, and once they have acquired credit card information they will start charging the clients card on other sites without the clients knowledge.