Beware: How Binary options scammers is taking advantage of the Covid 19 Pandemic

NEW YORK, NEW YORK, USA, June 6, 2021 /EINPresswire.com/ — Scamming is a pandemic that seems never ending. This pandemic is targeting almost all countries, especially countries with a high level of digital transactions such as the United States, Australia, Western European countries and East Asian countries. In the conditions of the Covid-19 pandemic, it seems that we are facing two types of pandemics at once; The Covid-19 pandemic itself and the scamming pandemic involving digital money businesses; binary options.

Binary options

Binary options may seem tempting but which many people don’t realize, most are usually scams. Basically binary options are “all or nothing options.” Some people call it the “fixed return option.” This option works on a concept similar to that of gambling; if you predict wrongly you will lose your money. At first glance it’s quite fair but in reality, scammers…