Author Topic: Stocks  (Read 448860 times)

Offline Adam101

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Re: Stocks
« Reply #1725 on: April 13, 2016, 01:29:51 AM »
Had anybody heard from ubinary.com legit or  scam ?

Binary are the most extreme risks. And many to most times illegal
Just opened the website. Looks insane. Just closed the website. Good timing.
Is this an MLM?

Offline Moshke

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Re: Stocks
« Reply #1726 on: April 13, 2016, 06:57:37 AM »
No nothing to MLM. It's binarys.

Why is it illegal ?

Offline Boruch999

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Re: Stocks
« Reply #1727 on: April 13, 2016, 08:42:00 AM »
Binary Options are illegal in the US I believe.  Unless used as part of a hedging strategy, they are a form of gambling, in which the odds are stacked against you.

Another major problem is that the nature of binary options platforms makes it very easy for the broker to rig the system against you. 

Read these articles:

http://lmgtfy.com/?q=times+of+israel+binary+options

Offline Boruch999

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Re: Stocks
« Reply #1728 on: April 13, 2016, 08:48:45 AM »
From the bottom of ubinary.com

Quote
Ubinary is committed to your trading experience. With a state of the art trading platform and a unique team of analysts, we can provide the best trading terms for our clients. Each of our traders has a personal trading expert who escorts each trader through the entire trading process. www.ubinary.com is run and operated by UB Innovation Limited (98519), Marshall Islands. * Be advised that trading can result in substantial loss or profit and may not be suitable for everyone. Credit card transactions are processed through several banks and Billing agents such as (UB OPERATIONS LIMITED a UK company owned by UB Innovation), Please note that upon your deposit your credit card statement will show Ubinary.com.
UTECH serves as a payment service for uBinary / UB Innovation Limited Trust Company Complex, Ajektake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.
Copyright 2011 - 2015 uBinary. All rights reserved

Why are they based in the Marshal Islands?  Why can't they process their own cc transactions?

And you bet they are committed to your trading experience.  You know why? Because every cent you lose, they made.  And every cent you make, they lose. 

Offline Moshke

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Re: Stocks
« Reply #1729 on: April 13, 2016, 09:00:30 AM »
Usually the trading platforms don't accept credit card at all.

Offline Boruch999

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Re: Stocks
« Reply #1730 on: April 13, 2016, 09:19:07 AM »
Right, because they aren't selling a product, rather charging a small commission, so they are not prepared to swallow the cost.  These guys, however, are quite confident they will be taking all your money, so they'll do anything to make it easier for you to give them your money.  They also can't easily set up a bank account in a Western country.

Offline ExGingi

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Re: Stocks
« Reply #1731 on: April 13, 2016, 09:44:28 AM »
No nothing to MLM. It's binarys.

Why is it illegal ?

Do binary options fall into the category of משחק בקוביא?

For every option buyer, there is an option seller, if your counterparty is a yid, is it not a problem?

Are binary options also used as a form of "insurance" or is it just speculation?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline mendy from lakewood

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Re: Stocks
« Reply #1732 on: April 13, 2016, 09:46:53 AM »
robinhood is dowm!!!!
"Respect is earned, Honesty is appreciated, Trust is gained, Loyalty is returned"

Offline Moshke

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Re: Stocks
« Reply #1733 on: April 13, 2016, 10:15:08 AM »
Right, because they aren't selling a product, rather charging a small commission, so they are not prepared to swallow the cost.  These guys, however, are quite confident they will be taking all your money, so they'll do anything to make it easier for you to give them your money.  They also can't easily set up a bank account in a Western country.
Can I dispute if things go wrong ?

Offline Adam101

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Re: Stocks
« Reply #1734 on: April 13, 2016, 10:26:17 AM »
Pick up KNDI on the rebound at 7.51(for a quick scalp)

PTIE (for he second time today ) at 2.14
« Last Edit: April 13, 2016, 10:32:28 AM by Adam101 »

Offline Boruch999

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Re: Stocks
« Reply #1735 on: April 13, 2016, 11:14:16 AM »
Can I dispute if things go wrong ?

I don't know.  Are you not convinced it's a bad idea?  I am prepared to go into more detail if you'd like.

Offline Moshke

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Re: Stocks
« Reply #1736 on: April 13, 2016, 11:15:42 AM »
Let me hear

I'm still considering... Going into

Offline Boruch999

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Re: Stocks
« Reply #1737 on: April 13, 2016, 11:27:30 AM »
Lets start with what a binary option is.   It is a bet on an asset.  You are betting whether a particular asset will be above or below a certain price in the (usually near) future.  If you are right, you get your bet back plus 70% (that's a great return.)  If you are wrong, you lose all of your bet.  So the risk/reward is skewed against you from the outset.  Let us assume you can guess right 60% of the time (that is an amazing track record for essentially guesswork,) you will still lose money.

This is before we get into the deviousness of the brokers, which will have to wait till later.

Offline Moshke

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Re: Stocks
« Reply #1738 on: April 13, 2016, 11:35:08 AM »
What about if my capital is assured by the broker ?

Offline Boruch999

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Re: Stocks
« Reply #1739 on: April 13, 2016, 12:03:13 PM »
What about if my capital is assured by the broker ?

How is the broker assuring your capital?