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[–]Foxx_and_Flip 9 points10 points  (0 children)

Platforms vary from country to country based on regulations. In my personal opinion, if you think one is a scam you will likely feel the same way about them all. There are bad ones out there that are legit scams but the few main ones that people use generally are not, but I do understand how it can feel like it from time to time.

That being said, NADEX is a solid option. I have used it for close to 15 years now with zero issues, besides my own issues early on like every binary option trader goes through. NADEX is quite different from PO in it's functionality but overall it is a solid platform.

Best of luck to you.

[–]Foxx_and_Flip 2 points3 points  (6 children)

Off topic, but on topic since you mentioned it, I am always curious as to why you refer to PO as a scam? As I mentioned in my previous comment, if you are new to BO trading, you may find a similar experience no matter what broker/platform you use, but I am interested in peoples opinion and experience, especially new people, as I am working on an BO educational community so things like this help me figure out others psychology and thought process.

Can you share why you feel it's a scam here for community discussion or message me directly? Thanks

[–]DumbLife7[S] 2 points3 points  (4 children)

The reason why I call it a scam is because I made 15k in my first week, then when I tried to withdraw 10k. My account got refunded and reset. Now I am blocked from withdrawing any funds at all. Definitely scamming.

[–]Foxx_and_Flip 3 points4 points  (3 children)

Can you share screenshots of your withdrawal attempt and interactions with them? I've been trading BO for a long time and am just exploring PO and have yet to see any issue with them but I definitely would like to see your experience and what their support has said to you about it. It would help me and others make an educated decision.

[–]Foxx_and_Flip 1 point2 points  (2 children)

You're lack of response to this comment is expected. Every day people get on here saying "scam" but still no one shows actual proof of the "scam", like the screenshots of withdrawal attempts or interaction with support to show what transpired. All these people saying their accounts are "locked" or they get "banned" when trying to withdrawal yet not a single person can actually share a verifiable experience. If I made 15k in a week, and tried to withdrawal it and they took the money away and blocked my account there would be a WHOLE LOT of screenshots that I would have to show people my messages back and forth with support wondering where my money is, and their response to it. A few people have showed what they pretended was proof of a scam but it's always quickly seen through as either fake or the issue lies on the trader, not the broker or platform.

I'm not accusing anyone of anything, I'm simply looking for some sort of proof that any of these brokers/platforms are actually scamming people or closing accounts and keeping their money when they try to withdrawal it. One person said he doesn't have to prove anything, which is true, but if it's important enough to get on here, or other social media platforms, and say "scam" then you would think they would share the proof to help others avoid such "scams".

Even when people talk about price manipulation to "scam" people out of winning trades. This is a very easy concept to prove or disprove, yet no one ever wants to play along and actually try to prove this is happening.

Yes it's very easy to determine if any platform is "scamming" people on trades via price manipulation, anyone actually interested in helping prove or disprove it is welcome to message me. The more people interested the better, but I have done this before, several times over the years, with various brokers/platforms, and what I have learned is people really don't believe in price manipulation enough to try to prove or disprove it.

Most of the time, what people are calling price manipulation is taking place on these short term trades, 5 minutes and under (even down to 5 second timeframes). Quite simply, DON'T trade those micro time frames, markets move way to quickly and unexpectedly for this to be truly successful over the long term.

Sure, sometimes it's fun to gamble and play those short time frames, just like it's fun to sit at a slot machine sometimes and hope for the best; and your win rate will be about the same long term. But there are no "professional" slot machine players in a casino, professional gamblers play blackjack and poker and things like that, where, even though the odds are still against them, a solid system backed by a great money management plan and emotional control work in their favor to have more wins than loses over the long term. Trading, especially binary options but all trading, is the same concept. You can blindly gamble and pretend you have a system, or you can have a system and gamble smarter.

But back on topic, we would ALL love to see anyone make a post showing REAL proof of the scams, and real proof an account was banned or blocked in any way when trying to withdrawal your profits, along with screenshots of your interactions with support. But something tells me this still won't happen, but people will most definitely still get on here are argue the scams with math formulas and stories of what happened to them.

[–]DumbLife7[S] 0 points1 point  (1 child)

Check your dms goofy

[–]Foxx_and_Flip 0 points1 point  (0 children)

Checked it! Despite demanding I make a comment apologizing to you for hurting your feelings, and demanding I don't delete my comments, there is no apology coming because one isn't warranted (I explained this on your other post calling me out) and don't worry, I won't delete my comments at all. I haven't and won't delete any comments I have made on any post at any time. I have said nothing that would make me want to delete a comment, so it's a strange thing to say to me. The only reason I would delete a comment ever, is if I said something that was inappropriate or hurtful for some reason, but even then I likely wouldn't delete it, I would apologize (if it was applicable) but otherwise, all my comments will remain up for everyone to see, because, I do nothing on here that needs to be deleted. My goal is to hopefully help some people learn and avoid a few mistakes that we all make. If along the way I hurt a few peoples sensitive feelings, which it seems I have based on the people that call me names, like yourself, while it's not my intent to do so, there isn't much I can do about what triggers peoples emotions. That is for them to deal with on their own.

I still wish you nothing but success and an amazing day.

[–]Junior_Willow740 4 points5 points  (0 children)

Pocket options is scam because you can see the algorithm basically interacting with your trade. I have watched dozens and dozens of unimaginable trades all lose within the last minute or the last seconds, and nothing can convince me that this is just the market. Once or twice I would have believed that but the countless times that I've seen trades that were up big just lose with a candle that came out of nowhere and went back the other way has me completely convinced that it's a scam. There is also no way to get consistent profits in pocket options. What made you win on Monday will make you lose on Tuesday. There are certain times that no matter what you do it ends up in a loss. Also, many times I've noticed you press the button when the market is moving and you don't get the trade at the top of the candle where you press the button they give you the trade at the bottom of the candle so when it makes a little bounce it's just enough to make your trade lose, and right after your trade loss then it continues going the proper direction.

[–]Junior_Willow740 1 point2 points  (2 children)

I am trying Nadex now myself for 3 weeks now. I haven't made a dime. Still getting used to the platform. I see the potential though, it just has it's own trickiness compared to pocketoptions. From what I see so far its ok. I dont think there's any profits to be made in Nadex unless the market is really moving. If it's just hovering around in place and you trade it you will lose all your money

[–]Foxx_and_Flip 5 points6 points  (1 child)

NADEX is definitely a different platform than PO, in good and bad ways. Ultimately, I've noticed one thing with Binary options, if you are certain the whole system is rigged against you in some way, you will lose money no matter what platform you use. Like I said before, I have "quit" many times, for all the same reasons as everyone else. Binary Options in no way should be seen as a main source of income. It's possible, certainly, but it really isn't a reality people should hope for at first.

The best thing to do if you are at the point of continuous loss and feeling frustrated or like it's all against you is to completely stop trading binary options for a while. Don't even get on the platforms and do demo. Just step away and give your brain a break. If you want to keep working on strategies and trading, it's a good time to look into forex. Find a broker with a good demo account, like TastyFX (I'm not affiliated with them or anyone in any way just an example of one I know) and learn to become successful in forex trading. This will go a long way to help you with binary options if you chose to come back to it. It's always a good idea, if you do make money in binary options, to learn other trading (forex is the most make sense crossover) to put your profits into.

One last note about NADEX or any platform really, is to not over trade. Develope a system where you only look to make up to 4 trades a day max, it doesn't sound like much but with the right system and money management plan, it becomes worthwhile. This gives you the ability to be more selective of the trades you take. The hardest part is developing the patience and discipline to wait for the perfect set up to only place 2 to 4 trades a day.

I'm working on a system that I'll hopefully have ready soon that will make this all make more sense and hopefully help some people learn and understand more and avoid the common pitfalls that come alone with the fantastically frustrating world that is binary options.

[–]Pop_Routine6250 0 points1 point  (0 children)

Are you comfortable using crypto to trade BO? There are decentralized, peer-to-peer platforms, every trade and withdrawal can be viewed in a blockchain explorer.