Hello, I found a website called Traderush, it's for trading binary options. I was wondering if anyone is doing this and actually getting money from it. Any advice would be appreciated. Thank you.
Traderush is not found on a search of the CFTC website, so presumably not registered in the US, which means zero consumer protection.
I see no evidence that any of the widely advertised firms are both properly registered and located in the US. One has a UK gambling firm as parent company. One in Cyprus. One in Israel with a New York post office box. Nothing that looks remotely legit.
Just study the math and you will avoid binary options like the plague. If you bet on an NFL game, you bet $110 to win $100, a 10% premium. If you bet on binary options, you pay $100 to win $70, a much higher 43% premium. You cannot win against those odds.
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Traderush is not found on a search of the CFTC website, so presumably not registered in the US, which means zero consumer protection.
I see no evidence that any of the widely advertised firms are both properly registered and located in the US. One has a UK gambling firm as parent company. One in Cyprus. One in Israel with a New York post office box. Nothing that looks remotely legit.
Just study the math and you will avoid binary options like the plague. If you bet on an NFL game, you bet $110 to win $100, a 10% premium. If you bet on binary options, you pay $100 to win $70, a much higher 43% premium. You cannot win against those odds.
I don't reommend Traderush.
In my opinion Stockpair are better.
You can try Stockpair Demo Account
Good Luck!