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Lazy binary option signals
Now we are giving an update on the fraud and what law enforcement is doing about it. To trade, all you need to do is bet on whether the price of something will rise or fall below a certain amount - if it is correct, you win and get paid. If not, you lose all of the money you originally invested.
Action Fraud has received multiple reports whereby Binary Options companies have refused to credit customer accounts despite the customer believing they had made a profit. The brokers were simply trying to get the victims to invest further money. Advertisements for Binary Options traders appear online with many companies aggressively targeting social media platforms with flashy commercials promising impressive returns.
Binary Options websites are often well-designed and professional looking — no expense is spared in trying to look legitimate.
Brokers and traders, often working from scripts, will sound friendly, professional and knowledgeable. Whilst many Binary Options companies claim to be located in the UK, research has revealed that the vast majority are based abroad and have no physical presence here. Shell companies are registered in various financial jurisdictions and money is routed through multiple accounts, obscuring the perpetrators and hampering law enforcement efforts. Despite the fact that the majority of Binary Options companies operate from outside of the UK, Action Fraud working alongside the National Fraud Intelligence Bureau NFIB continues to work with international law enforcement partners and the banking industry to tackle the issue by implementing changes, either by introducing an outright ban or through rigorous regulations to control this activity.
In addition the United States Federal Bureau of Investigation FBI are currently developing a global picture of this type of fraud and welcome reports from the victims of Binary Options made via their website www.
You are here Home. What is Binary Options Fraud and what are the law enforcement doing about it? What are Binary Options? The current situation Advertisements for Binary Options traders appear online with many companies aggressively targeting social media platforms with flashy commercials promising impressive returns. How to protect yourself Be suspicious of any approach via social media as many fraudsters tend to operate via social media due to the anonymity it allows.
Do not give out personal or financial details and never agree to anything or send money upfront, without making your own enquires into the company or individual first. If you have been contacted by a suspicious firm or have been affected by this, or any other fraud, report it to Action Fraud by calling , or by reporting online.
Please also consider reporting any suspect companies to the FBI via their website www. Sign up for free to Action Fraud Alert to receive direct, verified, accurate information about scams and fraud in your area by email, recorded voice and text message.