I'm trying to understand why binary options are considered illegal. I've heard they involve high risks but what exactly makes them unlawful? Is it the trading mechanism or some other regulatory issues?
            
            
            
            
            
            
           
          
          
            7 answers
            
            
  
    
    Valentina
    Wed Dec 04 2024
   
  
    The platform extends the countdown to expiration arbitrarily.
  
  
 
            
            
  
    
    CharmedSun
    Wed Dec 04 2024
   
  
    Complaints have been raised against Internet-based binary options trading platforms.
  
  
 
            
            
  
    
    FireflySoul
    Wed Dec 04 2024
   
  
    The allegations claim that these platforms manipulate the trading software.
  
  
 
            
            
  
    
    Paolo
    Wed Dec 04 2024
   
  
    This manipulation is said to distort binary options prices and payouts.
  
  
 
            
            
  
    
    Lorenzo
    Wed Dec 04 2024
   
  
    Specifically, it is alleged that when a customer's trade is showing a profit.