Cheated out of €13,000 ‘trading’ binary options, a victim fights back

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As with any of the previous modules in Varsity, we will again make the 5 point binary option trading graphs learn how to win big brother old assumption that you are new to options and therefore know nothing about options. For this reason we will start from scratch and slowly ramp up as we proceed.

Let us start with running through some basic background information. The options market makes up for a significant part of the derivative market, particularly in India.

Internationally, the option market has been around for a while now, here is a quick background on the same —. Clearly the international markets have evolved a great deal since the OTC days. However in India from the time of inception, the options market was facilitated 5 point binary option trading graphs learn how to win big brother the exchanges. The badla system no longer exists, it has become obsolete. Here is a quick recap of the history of the Indian derivative markets —.

Though the options market has been around sincethe real liquidity in the Indian index options was seen only in ! I remember trading options around that time, the spreads were high and getting fills was a big deal. However inthe Ambani brothers formally split up and their respective companies were listed as separate entities, thereby unlocking the value to the shareholders. In my opinion this particular corporate event triggered vibrancy in the Indian markets, creating some serious liquidity.

However if you were to compare the liquidity in Indian stock options with the international markets, we still have a long way to catch up. There are two types of options — The Call option and the Put option. You can be a buyer or seller of these options. In fact the best way to understand the call option is to first deal with a tangible real world example, once we understand this example we will extrapolate the same to stock markets.

Consider this situation; there are two good friends, Ajay and Venu. Ajay is actively evaluating an opportunity to buy 1 acre of land that Venu owns. The land is valued at Rs. Ajay has been informed that in the next 6 months, a new highway project is likely to be sanctioned near the land that Venu owns. If the highway indeed comes up, the valuation of the land is bound to increase and therefore Ajay would benefit from the investment he would make today. So what should Ajay do? Clearly this situation has put Ajay in a dilemma as he is uncertain whether to buy the land from Venu or not.

While Ajay is muddled in this thought, Venu is quite clear about selling the land if Ajay is willing to buy. Ajay wants to play it safe, he thinks through the whole situation and finally proposes a special structured arrangement to Venu, which Ajay believes is a win-win for both of them, the details of the arrangement is 5 point binary option trading graphs learn how to win big brother follows —.

So what do you think about this special agreement? Who do you think 5 point binary option trading graphs learn how to win big brother smarter here — Is it Ajay for proposing such a tricky agreement or Venu for accepting such an agreement? Well, the answer to these questions is not easy to answer, unless you analyze the details of the agreement thoroughly. I would suggest you read through the example carefully it also forms the basis to understand options — Ajay has plotted an extremely clever deal here!

In fact this deal has many faces to it. Now, after initiating this agreement both Ajay and Venu have to wait for 5 point binary option trading graphs learn how to win big brother next 6 months to figure out what would actually happen. However irrespective of what happens to the highway, there are only three possible outcomes —. Remember as per the agreement, Ajay has the right to call off the deal at the end of 6 months.

Now, with the increase in the land price, do you think Ajay will call off the deal? This means Ajay now enjoys the right to buy a piece of land at Rs. Clearly Ajay is making a steal deal here. Venu is obligated to sell him the land at a lesser value, simply because he had accepted Rs. Another way to look at this is — For an initial cash commitment of Rs. Venu even though very clearly knows that the value of the land is much higher in the open market, is forced to sell it at a much lower price to Ajay.

The profit that Ajay makes Rs. It turns out that the highway project was just a rumor, and nothing really is expected to come out of the whole thing. People are disappointed and hence there is a sudden rush to sell out the land. As a result, the price of the land goes down to Rs. So what do you think Ajay will do now? Clearly it does not make sense to buy the land, hence he would walk away from the deal.

Here is the math that explains why it does not make sense to buy the land —. Remember the sale price is fixed at Rs. Hence if Ajay has to buy the land he has to shell out Rs. Which means he is in effect paying Rs. Clearly this would not make sense to Ajay, since he has the right to call of the deal, he would simply walk away from it and would not buy the land. However do note, as per the agreement Ajay has to let go of Rs. For whatever reasons after 6 months the price stays at Rs.

What do you think Ajay will do? Well, he will obviously walk away from the deal and would not buy the land. Why you may ask, well here is the math —. Clearly it does not make sense to buy a piece of land at Rs. Do note, since Ajay has already committed 1lk, he could still buy the land, but ends up paying Rs 1lk extra in this process.

For this reason Ajay will call off the deal and in the process let go of the agreement fee of Rs. I hope you have understood this transaction clearly, and if you have then it is good news as through the example you already know how the call options work!

But let us not hurry to extrapolate this to the stock markets; we will spend some more time with the Ajay-Venu transaction. I would suggest you be absolutely thorough with this example. If not, please go through it again to 5 point binary option trading graphs learn how to win big brother the dynamics involved.

Also, please remember this example, as we will revisit the same on a few occasions in the subsequent chapters. Do note, I will deliberately skip the nitty-gritty of an option trade at this stage. The idea is to understand the bare bone structure of the call option contract. Assume a stock is trading at Rs. You are given a right today to buy the same one month later, at say Rs. Obviously you would, as this means to say that after 1 month even if the share is trading at 85, you can still get to buy it at Rs.

In order to get this right you are required to pay a small amount today, say Rs. If the share price moves above Rs. If the share price stays at or below Rs. All you lose is Rs. After you get into this agreement, there are only three possibilities that can occur. Case 1 — If the stock price goes up, then it would make sense in exercising your right and buy the stock at Rs.

Case 2 — If the stock price goes down to say Rs. Case 3 — Likewise if the stock stays flat at Rs. This is simple right? If you have understood this, you have essentially understood the core logic of a call option. What remains unexplained is the finer points, all of which we will learn soon.

At this stage what you really need to understand is this — For reasons we have discussed so far whenever you expect the price of a stock or any asset for that matter to increase, it always makes sense to buy a call option! Now that we are through with the various concepts, let us understand options and their associated terms. Hi Sir, Options is like greek and latin to me. Thanks for the analogies. No, all derivative contracts are routed via the exchanges. You cannot enter into an OTC arrangement, even if you do, it would not be regulated hence quite dangerous.

What benefit would Ajay get by calling off the deal before the expiry of 6 months? He will instead wait for the whole 6 months for any chance of the highway project. My first question Karthik is this: The dropdown value on the NSE website does 5 point binary option trading graphs learn how to win big brother contain all months expiries — after 18th May we have 25th June followed by 24th Sept and then 31st Dec What happened to the other months?

For to only June and Dec contracts are available. What happened to the remaining? Saurabh, glad you noticed it! For all stocks options the expiry is very similar to futures. Hence we have current month, mid month, and far month contracts. However for Nifty there are several different expiry options. Leaps are good if you have a super long term view on markets. However the problem with leaps in India is 5 point binary option trading graphs learn how to win big brother they are not liquid, there are hardly any trading activity here.

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13 comments Warning! stay away from binary scam brokers

Broker bankinter opiniones

Those are the best scammers in the trading industry. The values mentioned in the replicator PRO are also so unreal. The strike rates in this broker platform and manipulations will result in huge amount of loss. Please stay out of it. Any body with problems is welcome to contact me patrickh ctoption. Dear Daniel Harris I will check your issue and try to help.

Thu Apr 5 Tokyo: I have been a CTOption client for a little over a month now using the Replicator Pro service exclusively, not following random traders in their social trading system.

My account manager is very responsive and helpful. The compliance department has also been very responsive. So far it has been a good experience. For now I will reserve comment of what I really think.

So benefit of the doubt to you - maybe you could showcase the Replicator Pro during a live trading session. Would put other traders in the position to follow what you are doing on their own live real time charts.

Don't get me wrong - I for one will not follow those trades on my own account, just sit back and watch you trade them. His emial billys ctoption. MY advice to anyone who thing of joining this business please you better work overtime do not ever thing you get rich or earn. As time progressed, they would not allow withdrawals. Eventually they reduced my account to ZERO. Everyone, spread the word.

It is a scam. Your account will show great profits and returns, and within a couple of weeks the broker will ask you to deposit more funds so your account can trade with more volume. This means your trading volume will be reset to ZERO and the process starts over again. Understand they ONLY trade your money, not the matching, not the profits. I asked why the profits were not being invested to achieve a greater return and he danced around the issue.

I started asking what the issue was if this was my money and he said it was their policy and to read the details on the website which I did. He said he would ask the board about advancing money and would call me back. Days passed and I never heard another word. I filled out a request for withdrawal on the website on a Friday.

This is a scam, they are no agencies regulating any of these brokers, the money will be gone. Do not waste your time. This website and others like it are part of the scam. You will not see real complaints only whitewashed issues and fake claims of trading and profits. You will see posts of how they got money immediately which are not true. You will notice all the adds these agencies have on this website which is the payoff to keep the scam moving.

Guys, many of you don't know what CTOption. Check this Abusive response from CTOption. You will be surprised when you see this abusive message given by ctoption. Do you think real professionals does that? Just stay away from that scam broker ctoption. If you want to revenge this scam broker then please go to andoid, apple store for ctoption app and rate their pathetic service. Don't ever invest with this broker i am not talking about investing i telling a story of stealing.

May edited May Good you are a perfect example of a victim and honestly it was your greed that got you and people that don't follow these rules deserve what they get. Once again I will repeat it over and over you should have done your research first Most are greedy and stupid believing complete strangers with large sums over the phone which makes them easy targets for these con men Basic rules to follow as when just starting out in binary options Rule 1 - Never invest money you can't afford to lose.

Rule 2 - Never allow a broker to trade for you. Rule 3 - Start trading with a demo account first to prove viability and learn how to trade. It breaks Rule 3. Rule 5 - Never accept a bonus that requires turnover and traps your money from being withdrawn.

They hope you deposit and are unskilled in trading so you slowly or quickly lose the money to them pure and simple Sir i am unhappy real ctoption is big big big scam.. She didnt reply my email. For ur information I was surprised in the historical account of the evidence I have to withdraw profit was deleted in the record only evidence I deposit money only in ctoption.

I HOPE all investors do not make something stupid to invest with ctoption more attractive because they promise in their website and especially about copyrade replicator is a lie that makes us a loss because they can not make a withdrawal. Why are you guys scamming helpless newbies though? Here is an email I had from somebody having problems with CToption - I am currently having a problem.

I'm not sure what's going on. A couple of days later, I was contacted by someone from Push Money. How are they related? The person I assigned to at CTopion gave e a 5 minute spill about selecting traders to follow. That was it, I was on my own. Went 3 o ine were in negative numbers, I couldn't find out what to do.

I would file a chargeback with your credit card company or suck up the money as a loss because CToption is a bucketshop roach motel for anybody who trades with them. If you like you can contact Ryan SignalPush and see if he can help you with your CToption problems as he has some pull with them. June edited June When you have employees like Robbie Issa "Brown" trying to push people into that scam trade copier, well you just look really bad.

CTOption will do nothing. Patrick makes a bold claim and then immediately falls back on Terms and Conditions. The trades with their "replicator" are rigged to fail in their favor based on fake trades with no basis in reality or the marketplace.

In the beginning when you have a "trader" work for you they use the "GW" replicator to win win win to engage your greed and entice you to deposit more funds. Once you ask for a withdrawal suddenly all your trades will lose. My broker was always pushing me to deposit more so he could do bigger trades. He told me he had discretion and I only need to do 3x volume before I could withdraw.

I flat out told him it would be a fools game to invest more money before I had seen a return that I had access to. I asked why the same amount was being traded and why the profits were not being traded rather than asking me to invest additional funds and he said they couldn't risk MY money, only theirs. I said I had read it and that adding funds would reset the trading volume back to zero and increase the time before withdrawals were possible and that it was unethical to set those terms because he was setting the amount and volume of the trades.

He said he had some sway. But I realized it was truly a scam when I requested an advance from him via email then the "calls" stopped, no reply came and immediately the volume and amount of trades increased and I began losing money immediately. I tried many times to follow other traders but they are all rigged. The stats for winning traders, high profit values are all hooks to get you to follow them and you will win for days then LOSE from there on out.

Write off your losses. They are con artists and thieves praying on people who are naive and thing the data they see is real time and accurate. You are trading against these brokers, they truly do not want you winning anyways. Because of the same reason gabman states above. They don't want you to win.

It's a conflict of interest. And like Raiden says, never never never ever let a broker trade for you, huge conflict of interest. I don't know that we need to delete the comments etc, your response to the issue should be enough to let people know the true story So, he signed up and took a bonus and then wanted to withdraw the bonus without trading?

Definitely not something that is allowed, no scam there CTOption is not a good place to do trades with, purely an unethical scam artist operation. When I realized the deception about the bonus option it was too late. My broker never even explained the "catch" by accepting the bonus, all he focused on was making sure I "requested" it so they wouldn't forget.

My broker pushed for me to deposit more. I refused and submitted a request for a withdrawal. Since then I began to lose no matter whether I traded manually or used their bogus "follow trader" replicator.

Please watch your tone or get banned from this forum.