Unregulated Brokers
Brokers operating without regulatory oversight can manipulate prices and payouts. They often refuse withdrawals or vanish with investors' funds.
Binary options trading was initially marketed as a simplified form of financial trading, allowing investors to speculate on price movements of various assets with a clear "win or lose" outcome. However, the simplicity of binary options trading attracted scammers who exploited inexperienced traders. As a result, many regulatory bodies worldwide have banned or heavily restricted binary options trading.