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Challenging binary options brokers can be very complex and mistakes can cost you. The internet is Ground Zero for binary options fraud and binary options scams in the 21st century. Perhaps you were first attracted to their website by a pop-up ad, or a social media post. You clicked and found an attractive, professional -looking presentation promising you:. While legitimate, government-regulated online brokerages do exist, there many more unregulated firms — especially those offering binary options — whose business models are built on swindling unsuspecting and inexperienced investors over the internet.
The binary options platform it operates does not follow obligatory trading rules and procedures. Forex is the purchase, sale or exchange of currencies at current or determined prices. If the difference is negative, the buyer pays to the seller.
In fact, in Great Britain legitimate binary options brokers are required to have a gambling license. The acquiring bank, in turn, alerts plug and trading in binary options online platform PSP.
The PSP informs the merchant, which in this case is the binary options firm. The merchant then has 45 calendar days to respond. If no response is provided, your permanent refund will automatically be made on the 46th day. If a response is filed, it will be forwarded back to you in a reverse process. Visa will then ask you for your response, and the process is repeated.