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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 7083 times)

Offline eli1571

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #30 on: February 18, 2017, 04:04:35 PM »
I have used Trade  24 and every word here is true, just gonna add they work under a few different names, and every few weeks they will call the customers that lost money and sell them that there is a new management etc. 

Offline aradisc

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #31 on: February 19, 2017, 05:39:21 PM »

Offline MosheP

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #32 on: February 20, 2017, 06:53:09 AM »
I personally contacted two Heimish websites that run these ads,  and have not received any response.

If everyone here emails the websites and demands they be removed by lunchtime today I'm sure they'd all be down.


Offline hvaces42

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #33 on: February 20, 2017, 07:43:45 AM »
I personally contacted two Heimish websites that run these ads,  and have not received any response.

If everyone here emails the websites and demands they be removed by lunchtime today I'm sure they'd all be down.
They dont care. It keeps the lights on at sites like COL and VosIzNeias. Why would they give up the only advertising revenue that they have on a consistent basis? They keep responding "Oh, we didnt know, we dont control the content of the ads on your computer" and statements like that.

The only way to get people to realize that this is worse than casino gambling, which at least in most countries is regulated, is to scream at the top of your lungs. Dan, this is DDMS worthy. At least it should be pinned at the top like the "Dont Swipe for Others" thread. People are losing money and getting "had" every day. This is not an investment product. Its casino gambling with the veneer of legitimacy peppered onto it using buzzwords like FOREX and investment.

Lo sa'amod al dam reyecha.

GEt the message out.
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Offline Boruch999

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #34 on: February 20, 2017, 07:49:41 AM »
Dan, this is DDMS worthy.
GEt the message out.


Offline churnbabychurn

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #35 on: February 20, 2017, 07:55:09 AM »
If they leverage you, the the odds of "winning" can go down to 1/25

Offline shimino1

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #36 on: February 20, 2017, 08:04:00 AM »
If they leverage you, the the odds of "winning" can go down to 1/25
Can easily be 1/100. Multiply those odds by the amount of "deals" you bet on and you get terrible odds. All that is assuming you are dealing with an honest company which many are not.

Offline hvaces42

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #37 on: February 20, 2017, 08:22:47 AM »
Can easily be 1/100. Multiply those odds by the amount of "deals" you bet on and you get terrible odds. All that is assuming you are dealing with an honest company which many ALLare not.
FTFY

Show me one that is please.
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Offline Boruch999

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #38 on: February 20, 2017, 08:31:06 AM »
FTFY

Show me one that is please.

They exist.  I don't think it's something most should get into. so I won't post it here.

Offline googwallet

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #39 on: February 20, 2017, 04:57:04 PM »
They dont care. It keeps the lights on at sites like COL and VosIzNeias. Why would they give up the only advertising revenue that they have on a consistent basis? They keep responding "Oh, we didnt know, we dont control the content of the ads on your computer" and statements like that.

The only way to get people to realize that this is worse than casino gambling, which at least in most countries is regulated, is to scream at the top of your lungs. Dan, this is DDMS worthy. At least it should be pinned at the top like the "Dont Swipe for Others" thread. People are losing money and getting "had" every day. This is not an investment product. Its casino gambling with the veneer of legitimacy peppered onto it using buzzwords like FOREX and investment.

Lo sa'amod al dam reyecha.

GEt the message out.
Agreed 100%. I don't know why, but for some reason, this is really bothering me. I would love to see a DDMS post and I believe it's completely warranted

Offline yitzf

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Offline Dan

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #41 on: March 07, 2017, 12:29:58 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.
Links to more ads please.
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.

Offline AsherO

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Offline googwallet

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #43 on: March 07, 2017, 03:52:28 PM »
Links to more ads please.
Looks like some of the sites are no longer running these ads, probably because they have enough Purim ads to fill every possible hole.

Online aygart

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Re: Jewish Websites Allowing Ads For The Binary Options Scam
« Reply #44 on: March 07, 2017, 04:00:34 PM »
Looks like some of the sites are no longer running these ads, probably because they have enough Purim ads to cover your entire screen with many times as many layers of pop  ups as spam sites
FTFY
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