online trading platforms to offer another form of investment instrument, known as binary options. The risks could be equally massive too: the potential of wiping out your capital (or more if you use margin) on a bad trade may not justify the potential returns promised. For a binary option, there can only be two outcomes: payment (if the threshold amount is exceeded or no payment at all (if the threshold is not met). Forex trading is generally considered a high-risk activity as it is usually leveraged. They have a toll free phone number for their traders in Singapore, see: m/singapore. Practically all binary option brokers have their platform in English.
While MAS has regulatory safeguards in place for investors who deal with regulated online brokers, trading on an unregulated online trading platform means that the investor will lose the protection offered under our laws and regulations. Investors can also check, mAS Investor Alert List, which is a non-exhaustive list of entities that may have been wrongly perceived to be licensed by MAS. Three friends signed up for a preview seminar on foreign exchange (forex) options trading. Sounds too good to be true?
MAS Cautions Investors on Risks in Trading Binary Options
Binary Options Brokers Singapore - MAS Cautions Investors
Get-rich Quick Seminars - Moneysense
Binary Options Brokers Singapore MAS Cautions Investors
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Steps investors should take to protect themselves 5 Before making any investment decisions, investors should think carefully about the claims being made about the products offered if the touted ease of making significant profits sounds too good to be true, it probably. Two of them paid up for the actual course after attending the preview seminar. Even after writing off the 100 you started with, you will still need to pay out another 1900 to make up the loss. Consumer Alerts on the Moneysense website for tips to avoid falling prey to fraudulent schemes promising high returns with low investment risks and warnings on the pitfalls of dealing with unregulated entities. Investors who choose to trade with these platforms are unlikely to recover any monies lost. What was once limited to the exclusive southwest Singapore neighborhoods of district 6 and district 4 has now expanded to all of Singapore. Professional forex traders have jobs in which 100 of their time is devoted to making profits by trading.
The tactics are similar: pay a few thousand dollars for a high-powered seminar or invest in some clever trading software or sign up to receive SMS updates on an FX guru's next trade and all your financial worries could vanish. Ask yourself if you are suited to this sort of trading style., do I understand binary options? Also, if you choose to deal with unregulated entities, you will not have access to avenues for dispute resolution should a dispute later arise. Forex trading is generally considered a high-risk activity. Brokers For Singapore, with so many brokers to choose from, there are a few of things to consider when choosing a broker.
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