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Before, IQ Option structured a series of binary trading tournaments with prize cash from a number of thousand pounds to as much as $a hundred,000. The tournaments lasted from sooner or later to numerous weeks and made available a chance for the very best binary options traders to generate added funds based mostly on their trading abilities and luck. The tournaments were being held applying Digital money (usually, $a hundred) but there was a small entry payment starting from $1 to $100.
On June six, 2013, the U.S. Commodity Futures Trading Commission (CFTC) plus the Securities and Exchange Fee jointly issued an Investor Inform to alert about fraudulent advertising techniques involving binary options and binary options trading platforms. The 2 companies said they had been given a lot of problems of fraud about binary options trading internet sites, "such as refusal to credit score purchaser accounts or reimburse funds to shoppers; id theft; and manipulation of software package to crank out losing trades". Other binary options operations were being violating needs to sign up with regulators.
A binary option is a monetary option by which the payoff is possibly some preset financial amount or nothing at all in any respect. The 2 primary different types option iq trading software of binary options are classified as the hard cash-or-nothing binary option as well as the asset-or-nothing binary option.
 This positions binary options as being a kind of gambling, and also the administrator of the trading as one thing akin to a On line casino, rather than an exchange or brokerage home.
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