Binary option is not a scam. Binary options can be registered on reputable exchanges and traded on DCMs, which are subject to supervision by the CFTC and SEC. It can’t possibly be a scam. Some new brokers claim to be able to create a Binary Trading Platform. Once you have deposited them, they disappear like a bubble.
Binary options are a simple financial instrument. It can also be profitable. Binary options can also be traded in stocks, commodities, forex, and other currencies.
The trade details include the price, payout, expiration dates, and risk. The trader then decides whether the price will rise or fall within the timeframe. The trader will be paid a fixed rate or a payout if they get it right. A wrong trading prediction can lead to the loss of your investment.
Ensure that you only invest with reputable brokers