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A binary option is a financial option that references an underlying asset.
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Unregulated online trading platforms also offer another form of investment instrument, known as binary options. These measures include requirements for the operator to be fit and proper, and maintain segregated customer accounts, controls and records. MAS-regulated FIs that operate online trading platforms are subject to regulations aimed at safeguarding investors’ monies and assets. Park aside the success stories and ask yourself: What if the worse happens? Can you withstand the risks? Does the expected return from online trading or forex trading justify the amount of risk you are taking on?
#Forex trading courses in singapore software
Don’t buy any ‘clever’ trading software that claims to predict market movements.Is the company regulated by MAS? Check the MAS Investor Alert List. Check the credentials of the so-called forex guru.Chances are you won’t even get your money back. Don’t pay hefty fees for seminars that claim to help you make fast money through "secret trading formulas".Ability to make profits under all market conditions.Potential for limiting loss and unlimited gains.Promises of large gains with little or no upfront cash.
#Forex trading courses in singapore how to
Learn how to spot the tell-tale signs to protect yourself. Attracting participants with success stories: A chance to retire early, earn extra income or make some money after years as a homemaker, and so on. If someone offers to help you make amazing and consistent returns by teaching you all about foreign exchange trading: Be cautious!įorex trading seminars are often advertised online and through marketing emails.
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How do you spot a get-rich-quick scheme? Here are three of the most common ones: Many investors who deal with such get-rich-quick schemes often run into problems such as having their funds transferred to other entities, not being able to close their accounts, or reclaim their investment capital.Ĭonsider reporting to the Singapore Police Force at 180 if you think you have been cheated. While they may appear attractive, you should steer clear of them after spotting these red flags. They typically have no verifiable track records, save for "customer testimonials" on their websites. These get-rich-quick schemes often promise high profits, with small amounts of upfront cash, at little to no risk. Have you encountered these kinds of advertisements online? "Get up to 85% profit in just 60 seconds! Make money 24/7, wherever you are! Sign up for a one-day seminar and walk away with sure-win trading skills on the forex market!" Forex trading and binary options are commonly offered by unregulated online trading platforms.Be wary if you are promised exceptionally high or consistent profits.There is no such thing as "get rich quick".