Your experiences with binary options?

[gandof]

I decided to inform myself more about binary options. And thought that this would be the best place to ask a question and hear your experiences with binary options.
Hope I get some useful answers
Thank you

 

[Birmingham]

i had a client who had a binary options business 10 years ago, when it was a new industry. it's usually marketed deceptively, like a scam. they act like it's your chance to be a serious trader of stocks, shares, commodities, currencies, etc, but really it's just simple gambling, aimed at common people who bet on sports. you bet up or down and you win or lose, and it's easily rigged by the website, and if you win your return it very low due to commissions and hard to extract due to minimum amounts, etc. it was only popular 5-10 years ago because forex scams were too famous so they needed a new angle to lure new people in.

by the way, i don't think this thread belongs in Tenders