Posted on Monday, December 22, 2014 at 1:53 pm CST
Binary options are one of the simplest ways of trading on the forex market and allow people to predict simply whether a stock will go up or down, allowing investors to receive a flat payout or lose their investment. Despite the simplicity of the trading itself, a huge number of scams have arisen as a result of huge public interest in binary options trading and the significant profits that are possible. To protect forex traders, Scam Watchdog was created by Roy Tribble to help people tell the difference between rewarding schemes and exploitative scams.
Source: The International Binary Options Trade Commission