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This is not Forex trading. You cannot buy or sell Forex with these sites. They use the name Forex specifically in order to deceive people into thinking they are investing in Forex which they are not!

What they do is let you bet whether a currency will go up or down and you supposedly win if the currency moves in the expected direction. The money never leaves the company! Ever! Unlike a risky but real Forex trade that involves buying a currency, hoping it will go up or down and subsequently selling that currency for a profit or loss, nothing is bought or sold here. You are merely betting on the direction the currency will move: up or down. If you are wrong, you "lose" the money and the company keeps it. If you were right, you "win" and are supposed to get the "profit" on your investment.
This is no different than betting hundreds or thousands of dollars on the flip of a coin.

Someone will ask: "so how is this different then a Casino where you can make or lose money?" The difference is twofold. First of all, with a Casino, the risk is clear. Anyone that walks into a Casino knows there is a high chance they will lose their money. With these "companies", they do everything they can to hide the risk and pretend they are an "investment". No one tells their friend or wife "I am investing $1000 in casino gambling" but over here were you are doing the same thing, no one will tell you that your  "investment" is pure gambling. Second, in a Casino no one coerces you to come in and gamble away your money and if you lose, they don't pressure you to gamble more money. With these "companies", ounce you put in a small amount of money, they pressure you and hard sell you to add more and more money to your initial "investment" and try to get you to leverage yourself which increases the risk exponentially all while hiding the risks and selling you dreams of huge profits. When you lose money, they try very hard to get you to double down on your investment and "invest" even more money.

I haven't even touched on the fact that with a lot of these "companies" it is impossible to get your money out even if you "win". They are registered in remote countries, have no psychical address or offices and you can never pin them down to get the money. Also, most of these trading platforms are rigged and don't really represent what happens in the real Forex world.

Author Topic: Jewish Websites Allowing Ads For The Binary Options Scam  (Read 2350 times)

Online aygart

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Re: Disturbing ad on Vosizneias
« Reply #15 on: February 17, 2017, 11:21:48 AM »
Better odds of losing your money than Vegas.
It is about 100%
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Offline Abebee

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Re: Disturbing ad on Vosizneias
« Reply #16 on: February 17, 2017, 11:23:17 AM »
This is even worse:
http://www.collive.com/show_news.rtx?id=43824

Just shameful to take ads from these scam artists.
Yeshiva world has the same...

Offline JTZ

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Re: Disturbing ad on Vosizneias
« Reply #17 on: February 17, 2017, 11:25:20 AM »
What's the scam? It is Forex trading, no?
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

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Re: Disturbing ad on Vosizneias
« Reply #18 on: February 17, 2017, 11:28:03 AM »
What's the scam? It is Forex trading, no?
THis was somewhere here before. TimT?
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Offline JTZ

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Re: Disturbing ad on Vosizneias
« Reply #19 on: February 17, 2017, 11:30:33 AM »
-1
What is the percentage they charge on one of these trades?
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline Dave321

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Re: Disturbing ad on Vosizneias
« Reply #20 on: February 17, 2017, 11:30:41 AM »
there is another ad with some chasidish guy saying that he has all the tricks to make billions. then the link is a fake bloomberg site article asking you to enter your cc info or ss/

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Re: Disturbing ad on Vosizneias
« Reply #21 on: February 17, 2017, 11:31:06 AM »
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

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Re: Disturbing ad on Vosizneias
« Reply #22 on: February 17, 2017, 11:38:07 AM »
Before I get jumped all over on a Friday I am not saying this "guy" is legit. What I am saying is Forex trading is legit and I have used it in the past to lock in massive profits (no risk hedging). If you are a gambler you are better betting with them (flip a coin) then playing black or red on roulette in Vegas.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline googwallet

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Re: Disturbing ad on Vosizneias
« Reply #23 on: February 17, 2017, 12:44:07 PM »
Before I get jumped all over on a Friday I am not saying this "guy" is legit. What I am saying is Forex trading is legit and I have used it in the past to lock in massive profits (no risk hedging). If you are a gambler you are better betting with them (flip a coin) then playing black or red on roulette in Vegas.
We're talking about these ads on frum websites, which is for a specific forex trading platform "Trade 24" which is clearly a scam and does not allow users to withdraw any money in the small chance that they do "earn" something from their trades. The "business" is registered in Cyprus and has many reports online of people being unable to withdrawn money. Once you add money to "trade" it's basically lost forever. It's a total scam, on top of the risk of day trading and forex trading in general, especially for people who know nothing about it.

Offline googwallet

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Re: Disturbing ad on Vosizneias
« Reply #24 on: February 17, 2017, 12:49:22 PM »

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You have the right to remain silent. Anything you say can and will be used to start a religious discussion.

Offline JTZ

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Re: Disturbing ad on Vosizneias
« Reply #26 on: February 17, 2017, 01:01:29 PM »
We're talking about these ads on frum websites, which is for a specific forex trading platform "Trade 24" which is clearly a scam and does not allow users to withdraw any money in the small chance that they do "earn" something from their trades. The "business" is registered in Cyprus and has many reports online of people being unable to withdrawn money. Once you add money to "trade" it's basically lost forever. It's a total scam, on top of the risk of day trading and forex trading in general, especially for people who know nothing about it.
Got it. Just don't want forex trading getting a bad name.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline hvaces42

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Re: Disturbing ad on Vosizneias
« Reply #27 on: February 17, 2017, 01:59:25 PM »
Got it. Just don't want forex trading getting a bad name.
Forex trading is legit. Binary trading, which bets on the (rigged) movement of currencies (and other things) on the traders platform, is not. The "trader" signs you up for an account and you bet on movement in currency "x" for instance in the next hour as set forth on their trading platform. They rig the prices so that you can never "win" and even if you do "win" they hard sell or plain dont return your money. They never expose themselves to much if any risk as they control the market.

Offline googwallet

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #28 on: February 17, 2017, 04:58:09 PM »
Dan, I think this is DDMS worthy.

I would say within hours of a DDMS post these ads will be gone from all the above mentioned sites.

Offline shimino1

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Re: Disturbing ad on Vosizneias
« Reply #29 on: February 18, 2017, 12:57:46 PM »
Before I get jumped all over on a Friday I am not saying this "guy" is legit. What I am saying is Forex trading is legit and I have used it in the past to lock in massive profits (no risk hedging). If you are a gambler you are better betting with them (flip a coin) then playing black or red on roulette in Vegas.
This is not Forex trading. You cannot buy or sell Forex with these sites. They use the name Forex specifically in order to deceive people into thinking they are investing in Forex which they are not!

What they do is let you bet whether a currency will go up or down and you supposedly win if the currency moves in the expected direction. The money never leaves the company! Ever! Unlike a risky but real Forex trade that involves buying a currency, hoping it will go up or down and subsequently selling that currency for a profit or loss, nothing is bought or sold here. You are merely betting on the direction the currency will move: up or down. If you are wrong, you "lose" the money and the company keeps it. If you were right, you "win" and are supposed to get the "profit" on your investment.
This is no different than betting hundreds or thousands of dollars on the flip of a coin.

Someone will ask: "so how is this different then a Casino where you can make or lose money?" The difference is twofold. First of all, with a Casino, the risk is clear. Anyone that walks into a Casino knows there is a high chance they will lose their money. With these "companies", they do everything they can to hide the risk and pretend they are an "investment". No one tells their friend or wife "I am investing $1000 in casino gambling" but over here were you are doing the same thing, no one will tell you that your  "investment" is pure gambling. Second, in a Casino no one coerces you to come in and gamble away your money and if you lose, they don't pressure you to gamble more money. With these "companies", ounce you put in a small amount of money, they pressure you and hard sell you to add more and more money to your initial "investment" and try to get you to leverage yourself which increases the risk exponentially all while hiding the risks and selling you dreams of huge profits. When you lose money, they try very hard to get you to double down on your investment and "invest" even more money.

I haven't even touched on the fact that with a lot of these "companies" it is impossible to get your money out even if you "win". They are registered in remote countries, have no psychical address or offices and you can never pin them down to get the money. Also, most of these trading platforms are rigged and don't really represent what happens in the real Forex world.