Binary trading is legit or not ?

 Binary options trading is not inherently illegal, but it is often associated with fraud. In the United States, binary options trading is regulated by the Commodity Futures Trading Commission (CFTC).

However, many binary options trading platforms are not registered with the CFTC and may be engaging in fraudulent activity.

There are a number of red flags that can indicate that a binary options trading platform is fraudulent. These include:

• Promises of high returns with little or no risk
• Pressure to make a quick investment
• Difficulty withdrawing funds from the platform
• Lack of transparency about the trading platform or its underlying assets

If you are considering investing in binary options, it is important to do your research and only trade with regulated platforms. You should also be aware of the risks involved and only invest money that you can afford to lose.

Here are some tips for avoiding binary options scams:

• Only trade with regulated binary options brokers.
• Be wary of promises of high returns with little or no risk.
• Do not invest more money than you can afford to lose.
• Be aware of the risks involved in binary options trading.
• If you think you have been scammed, report it to the authorities.

Here are some of the most common binary options scams:

• Fake trading platforms: These platforms are not regulated and may not even exist. They may use fake trading software to make it look like you are making money, when in reality you are losing money.
• High-pressure sales tactics: These brokers will use high-pressure sales tactics to pressure you into making a quick investment. They may use scare tactics or make false promises about how much money you can make.
• Difficulty withdrawing funds: Once you invest money with a binary options broker, it may be difficult or impossible to withdraw your money. The broker may claim that there are fees or taxes that must be paid before you can withdraw your money, or they may simply refuse to process your withdrawal request.

If you think you have been scammed by a binary options broker, you should report it to the authorities. You can also file a complaint with the CFTC.