Manipulation by a Large Broker?? W/Screenshots (BinaryOptions)

[hohoham]

Manipulation by a Large and Reputable Broker??? (Binary Options)

Trading on CFD binary options, shouldn't the underlying indices price for different expiry time be the same? But why is this broker's underlying price all different? This becomes increasingly apparent nearing expiry. I'll post a few screenshots, I actually have a video capture as well.


Screenshot 1, Wall Street binary CFD, 15:20 21 March 2017
5 minutes: 20727.11
20 minutes: 20738.60
Daily: 20725.82
(12.78 points difference)

Screenshot 2, Wall Street binary CFD, 15:55 21 March 2017
5 minutes: 20752.90
20 minutes: 20759.03
Daily: 20751.67
(7.36 points difference)

Screenshot 3, FTSE 100 binary CFD, 11:45 2 June 2017
5 minutes: 7569.76
20 minutes: 7570.04
Daily: 7570.12
(0.36 points difference)

Screenshot 4, FTSE 100 binary CFD, 11:40 2 June 2017
5 minutes: 7570.10
20 minutes: 7570.43
Daily: 7570.56
(0.46 points difference)

Screenshot 5, FTSE 100 binary CFD, 14:50 5 December 2016
5 minutes: 6749.84
20 minutes: 6750.24
Daily: 6750.24
(0.40 points difference)

Note: Don't seem to notice this in the new platform that was updated a few months ago.

Has anyone else noticed this? Or with other brokers?

 

[gerryg]

So what's the problem with these charts?

I can say that binary brokers share all one nasty feature - they are scams...

 

[hohoham]

So what's the problem with these charts?

I can say that binary brokers share all one nasty feature - they are scams...

The chart shows the underlying DJIA/FTSE Cash price. Look at the charts and you should notice 3 different prices of DJIA/FTSE

 

[gerryg]

Every chart shows different time and expiry still don't see a problem with these, but with binary option industry as a whole.

 

[hohoham]

Every chart shows different time and expiry still don't see a problem with these, but with binary option industry as a whole.

Different time and expiry binaries are all based on the same underlying, DJIA/FTSE Cash price.

 

[Dowser]

Have you raised these concerns with IG? What have they said?

 

[gerryg]

Different time and expiry binaries are all based on the same underlying, DJIA/FTSE Cash price.

Even ultra short ones like 10 or 1 minute?

 

[hohoham]

Even ultra short ones like 10 or 1 minute?

"Short-term digital 100s on the FTSE, Germany 30 and Wall Street, such as the 20-minute FTSE® and 20-minute Wall Street are based on prices in the relevant underlying cash markets (FTSE®, Dax, or Dow). Settlement prices are based on cash price of the relevant underlying index (as reported by the exchange) in our internal pricing system at the stated time of expiry."

 

[hohoham]

Have you raised these concerns with IG? What have they said?

I did.. but of course they wouldn't admit and gave some BS story about Hybrid prices, mixture of cash+futures LOL

 

[tomorton]

hohoham - The firms who have chosen to offer services as the BO sector have done so for two reasons - they can attract large numbers of clients who are looking for a get rich quick scheme, and the industry has very low regulations.

You may not personally wish to get rich quick but look who you are doing business with. You've come to the wrong place for support or advice. Nobody here wishes to assist you in a relationship with the sort of firm that inhabits this sector. Withdraw your money from the firm asap.

 

[hohoham]

hohoham - The firms who have chosen to offer services as the BO sector have done so for two reasons - they can attract large numbers of clients who are looking for a get rich quick scheme, and the industry has very low regulations.

You may not personally wish to get rich quick but look who you are doing business with. You've come to the wrong place for support or advice. Nobody here wishes to assist you in a relationship with the sort of firm that inhabits this sector. Withdraw your money from the firm asap.

I posted here because i thought that they were a reputable and honest broker. They are listed on the London Stock Exchange and worth billions. It was a shock to me that this could happen.

Anyway thanks for your comment

 

[gerryg]

I posted here because i thought that they were a reputable and honest broker. They are listed on the London Stock Exchange and worth billions. It was a shock to me that this could happen.

Anyway thanks for your comment

Binary options listed on LSE? haha, sounds crazy

 

[hohoham]

Binary options listed on LSE? haha, sounds crazy

They are a Forex & CFD broker. But they offer binaries as well

 

[gerryg]

Move to CFD brokers, old but sweet MT4, casino-free trading..

 

[hatemypips]

They are a Forex & CFD broker. But they offer binaries as well

FCA brokers are not allowed to advertise binary trading only forex isn't it?
So why not tot trade with FCA brokers and be sure they won't engage in shady activities?

 

[hohoham]

FCA brokers are not allowed to advertise binary trading only forex isn't it?
So why not tot trade with FCA brokers and be sure they won't engage in shady activities?

i'm not sure about this. But the Binary options, Forex, CFD are all available on the same website. The binary options is offered by a different company (owned by the same group), not easy to spot that information though. You can access their Binary options, Forex, CFD all on the same platform

 

[hatemypips]

I did.. but of course they wouldn't admit and gave some BS story about Hybrid prices, mixture of cash+futures LOL

Lol, but you know its a matter of choice. Demand drives the supply so its not a surprise they "trading games" if they found its popular among true believers

 

[chicotico]

I think i was scammed by a binary option broker as well, but I'm still not sure, I'll tell you guys if that's correct, I'm currently investing with 2 different brokers. But usually binary options are not safe

 

[zdrux]

Sorry, but anybody spending money on binary options is asking to be scammed out of all their money.

 

[hohoham]

Hi hohoham, have you tried to ask to their representative? If this is true we must be aware of this broker.

Yeah i did.. but they denied it and gave some fake explanations