Regarding online income

Sharah

Hi there I am enquiringly as to whether anyone has heard of the app called 'Instant Income App' and option fm, this has come up on one of the job sites and put across that an Eastbourne mum is making money off this! It boasts it's free to start up and register but then takes you straight to putting in your card details after putting in your email address and name and mobile number! Then you get a call from Hong Kong then an email stating its about binary trading, warning highly risky trading etc. I'm not sure if this feels right and want to know what real valued people on here think please, plus would love to hear from Martin himself if possible too regarding this? I'm not stupid enough to follow through on these things without investigating first, but have been known to be more naive in the past and know some could and would and am in a bit of a situation myself job wise and money wise. Thanks

scaredofdebt

Do not do this, binary trading is like gambling. Or if you do try it, make sure you do thorough research first.

musafir05

Binary trading has picked up pace over the years. There are many traders on Twitter recruiting people into trading. Majority of them have online dealings with trading website. After a trial period the traders charge £120 per month for signals. Good scam!

fragmented

Adverts like that tend to show someone close to the town you live in has made loads of money... the page works out what town to display from your internet connection (IP address).

Asking for you credit card details should always wave a red flag.

If binary trading was so very safe and very easy then the government would stop paying people any benefits money and just tell them to use binary trading as it would save them many billions

HappyMJ

Binary trading is very very risky. Normally when you invest in shares and the value falls by a little you might get 90% of your investment back if you sell quickly. With binary trading you're buying an option and if the value falls by just 1% you lose everything. If the value increases by 1% you just get your money back and if it increases by 2% you double your money. It's really just gambling. It's rare for a stock to increase by more than 1% in one day so most of the time you just get your money back. Sometimes you lose and sometimes you win....more often than not you'll lose.

Sharah

Thank you for all your replies, I thought I should be weary and they usually say if it doesn't feel right don't do it! I shall be ignoring and not partaking in that due to being far too risky for me.
Thanks again all.:j:j