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The Missouri state securities commission lately has been running PSA alerts about Binary Options being sold by high pressure salesman. The Commission is stating, "they are basic no win investments with high losses". To your knowledge any other states running these PSA's? Also does any body have specific knowledge of just what they are talking about? Thanks
"A binary option is a financial product where the buyer receives a payout or loses their investment, based on if the option expires in the money. Binary options depend on the outcome of a "yes or no" proposition, hence the name "binary." Binary options have an expiry date and/or time."
Binary options are options for pikers who just want to gamble in the markets. "Will ABC go up or down by the end of the day today? Cast your bets now!"
Comments
Just google the term for more info.
No serious trader uses them.