Home Consumer's voice Is BigOption authentic?

Is BigOption authentic?

2145
0
Consumer's Voice

 

I came across this business called BigOption, their business is about how they can help you make money and be a millionaire.

So I would like you to help with the Authenticity of their business?

BigOption is in the binary options trading business.

They claim that if you join you can “Get up to maximum 85% profit” on your investment “in less than an hour”.

Their web site describes binary options as “a financial opportunity that offers investors a fixed price and a fixed return.

Binary Options are also known as fixed or Digital Options and are traded only on the internet.”

The concept is actually very simple.

You select two commodities such as foreign currencies and you bet whether their relative value will increase or decrease.

For instance, you might select the exchange rate between Euro and the US dollar.

There are only two possibilities of what can happen, they say.

The rate can go up or it can go down. You gamble on which you think will happen and you can win and make a profit, or lose and get nothing.

Two options, so they call it binary. So far, so simple.

But let me ask you two questions. Firstly, if profits of 85% are possible why aren’t these people keeping this idea secret and making money for themselves?

What do they gain from you joining their scheme?

Secondly, if such profits were really possible don’t you think banks would be doing it and earning this sort of money for themselves?

The answer is the same for both questions. These profits are NOT really possible. This company makes money from you joining.

They are the ones making the huge profits, not you, not me and not the banks.

It’s simply impossible to make that sort of return.

I found an interesting quote about binary options.

Gordon Pape, writing in Forbes magazine said: “If people want to gamble, that’s their choice. But let’s not confuse that with investing. Binary options are a crapshoot, pure and simple.”

Please don’t waste your money.