The streaming giant fell short on viewership for its new ad-supported platform.
Among the biggest losers in last week's selloff were Netflix and other streaming stocks. NFLX shares fell 9% on December 15 following reports the streaming giant is falling short on viewership guarantees it made to advertisers for its new ad-supported streaming service. Shares are 1% higher in early trading Friday.
Investors had been counting on the new ad tier to draw a substantial audience, but the company reportedly delivered only around 80% of its expected audience.
The poor performance could mean Netflix may have to lower its ad prices. It had been seeking a relatively high $55 cost per thousand impressions (CPM), above the $50 CPM of Disney+. Advertisers are also faulting Netflix for not pushing its own market campaign for the ad-supported tier.
Netflix shares had climbed about 67% over the past six months, but are still down about 51% so far this year. Warner Bros. Discovery (WBD) and Paramount Global (PARA) shares also fell about 9% yesterday. Disney's (DIS) stock price was down about 4%.
We are here to address the common inquiries traders may have regarding binary options scams, as surge in fraudulent activities that entice individuals with promises of extraordinary profits through elaborate schemes and Binary Options in particular. These scams have become increasingly prevalent and target a wide range of people by presenting seemingly advanced solutions.
To protect yourself from binary options scams, it's important to be aware of the likelihood of falling victim to these deceptive tactics. By staying informed and learning how to spot fake offerings, you can safeguard your funds and personal information.
Introduction to Binary Trading
Binary options are financial instruments that involve trading with a fixed amount of money and a specified timeframe. In fact, Binary Options are Banned completely by most regulators worldwide and are not available via Regulated Brokers.
So how Binary Option work? The Investors can purchase a stock or other investment, or make a bet on the price of an underlying asset reaching a certain level by a specific expiration date. {Read our review article about Binary Options Trading Brokers)
The potential loss or gain is limited to the difference between the market price and the option price. In binary options, the timeframe is much shorter, and it essentially becomes a short-term bet on the direction of the asset. If the trader's prediction is correct, they receive a predetermined amount of money from the counterparty. However, if their prediction is incorrect, they lose the entire investment.
Yet, due to the appeal of binary options as a financial investment opportunity, the industry has faced scrutiny regarding its reliability and legitimacy. Its popularity is driven by the accessibility it offers to anyone seeking investment opportunities and the promise of high returns in a short period of time. However, it is important to closely examine the nature of this opportunity.
How do Binary Options scams work?
The binary brokers as a typical mean locate their offices primarily in offshore zonesand other jurisdictions that did not imply the strictest regulation to financial investment firms, since worldwide regulation Ban this trading instrument due to high risks and lack of transparency. Therefore, the Binary company will enable its operation with a very low requirement and capital while as a general rule will claim its presence in prestigious jurisdictions alike the UK, Hong Kong, the US, or another European country. The phone number may appear to be a local line, but eventually to have the end user in the options trading hub somewhere in the world.
Therefore, binary scams are geared towards investors and promote fake binary trading software through easy for unscrupulous providers to take the advance.
Here are typical scenarios How Binary Option Fraud operates and target traders:
Most often binary frauds use heavy advertising tactics through social media, websites and emails with a redirection to a very-well developed websites with an allegedly professional offering and a very attractive opportunity for gains available to everyone.
Majority of binary options scams lure traders with a very small initial deposit and “free bonuses”, and most often it is enough to get interested. Further on an options broker will ask for credit card information and eventually, that’s where the positive side finishes. Then, the trader puts his life savings into “potential investment and gains”, but faces the loss of everything. The attempts to get money back turn out to be unsuccessful with further stress from understanding what happened.
The main trap in binary options trading is that firms may easily manipulate software and distort prices which will lead to a sudden loss of the trading account and balance.
Furthermore, scam brokers may use credit information to withdraw funds from the cards, therefore you should be extremely cautious about giving the credit details. (Read about Forex Trading Scams)
As the nature of Binary Options trading allows company providers to operate the “business” easily as well as to enjoy high incomes in their pockets, the industry shows its growing tendency constantly.
However, the situation has now changed due to better regulations and observances that keep track of scams so is always good to refer to Top-Tier regulatory websites like FCA. Securities and markets regulators across international jurisdictions received thousands of complaints as the binary options providers target investors aggressively, yet, the truth of victims is far beyond the received number of complaints.
While Binary Option is often categorized as a sort of gambling by the authorities the binary options broker may be a registered firm in a particular or offshore place, yet the firm is not allowed to sell its offering to residents of other jurisdictions. (Read Why to Avoid Brokers from Belize)
The authorities and international trading industry regulators regularly check on the trends and actions performed or offered by various brokers with the purpose to protect clients and maintain a trustable or smooth market operation. In regards to binary options trading sites, the most trusted regulators issued an Investor Alert, with advice not to involve in binary trading at all, and even banned binary options to retail traders. The agencies mention that numerous complaints received and relatively easy ways to manipulate software or to generate losing trades during the binary options trading delivery involve a significant risk to be involved in fraudulent activity. The authorities then identified thefts through a fixed-odds betting nature of the binary options trading and try to educate the population and warn about fraudulent promotional schemes.
Even though world authorities restrict Regulated Brokers from offering Binary Options, yet, the regulators are not able to power each and every offering or specific jurisdiction where most of the scammers are based. In many instances, you should protect yourself and be aware of an interaction, that takes place with the purpose to take your money.
There is no guarantee on a statement made on the broker's website, thus do not believe in every statement, specifically about its registration status, but carefully check through official regulatory sources. Scams often present themselves as a reputable firm with professional data, allured attractive possibilities of high gains, and fast outcomes. Yet, often it's all faked, always remember because information looks official, it does not mean it is.
Be cautious of unsolicited phone calls, emails, or messages from individuals or companies promoting binary options trading. Legitimate brokers typically do not engage in aggressive marketing tactics.
Seek advice from independent financial professionals or trusted individuals who have experience in trading and investments. They can provide objective insights and help you navigate the complexities of binary options trading.
Always verify the broker’s registers before dealing with them and check on the reputation, as well as read Forex Brokers reviews. Probably, if the firm is not authorized it is a high risk to be a scam. You can always check Warning lists issued by the industry authorities and of course, you should consider strongly any issues, as well as review the List of Brokers to Avoid.
If you got scammedby Binary Broker
In case you fall victim to Binary Option scams, at first you should immediately recall the credit card and try to withdraw funds from an account. Because scams are likely located overseas, there is almost no way to get any money back or to receive any sort of support.
The typical traders' complaints included refusal to credit accounts or return funds and in fact, are not able to be supported further, as simply the company is not regulated or compensated by anyone. However, you should report a scam to specified authorities and better to access a specialist to advise on your following steps. The Regulators like UK’s FCA, Australian ASIC, Cyprus CySEC, and others provide an open and well-guided complaint procedure, therefore you should contact authorities immediately in case there are any concerns.
However, If you invested with a non-regulated entity there is no investment protection applied, as well as there, is no established compensation, unlike the Regulated Forex Brokers status provides.
Conclusion on Binary Options Trading Scams
The sad truth is that scams in the binary options trading market are something that dominates among the offering. While the broker may provide robotic software or act as a broker, the trader should always keep caution against scams.
Overall, it is a very high risk, noting facts and issues happened to thousands of investors around the world, to engage in Binary Options trading.
We can not recommend trading with binary options brokers due to the revealed facts and numerous warnings issued by trusted authorities around the world. We value a transparent operation and investment service, therefore both reliable and trusted brokers will be always regulated and authorities in terms of their offering and performance. On the contrary, we offer to check out a list of Regulated Brokers and a description of their investment proposal, which is available by the link.
An all-around trading experience is now at the client’s reach with the new feature-packed mobile trading application from an award-winning broker HFM.
To enhance its offerings further and satisfy the needs and expectations of its constantly growing client base, Global multi-asset broker HFM has developed a new mobile application. The app is available for both Android and iOS users. Combining HFM’s industry-leading conditions and cutting-edge technology, the app takes the trading experience to another height.
It is now possible for clients to have access to their accounts, trading CFDs on more than 1200 assets immediately on the app. The award-winning broker HFM enables simple and ultra-fast trade execution and customizes the trading with three trading options, that is Amounts, Lots, or Units. Moreover, traders have access to a detailed history of each trade. This allows them to analyze their prior performance, monitor their positions 24/7, and enjoy trading from any spot.
HFM spokesperson proudly announced that the newly released HFM mobile trading app is a result of months of development and painstaking testing. According to his words, their aim is to make mobile trading possibly intuitive and practicable, enabling traders to enter global financial markets effortlessly and enjoy smooth trading.
Real-time prices, automatic market notifications, advanced charting functionality, powerful trading tools, and market analysis can all be found on HFM’s mobile application. Still, HFM doesn’t stop here and endeavors to introduce even more updates and functionalities directed at enhancing user experience and satisfying the expectations for over 3.5 million live accounts all over the world.
To learn more about the newly introduced features, visit the HFM App page.
About HFM
HFM, known as HotForex and a brand name of HF Markets Group, is an internationally acclaimed multi-asset broker. It has acquired more than 60 coveted industry awards, being the choice of over 3.5 million live accounts all over the world. Among the company’s offerings are a wide variety of account types, innovative products, cutting-edge platforms, tools, and educational resources. HFM also offers outstanding customer service and exceptional trading conditions.
International multi-regulated broker Orbex emerged as one of the most outstanding exhibitors at the 2022 Dubai Forex Expo, which took place at the World Trade Center from October 19 to 20. There Orbex had the chance of displaying its trading offerings and goods at the biggest yearly trading exhibition in the Middle East as one of this year's Titanium sponsors.
Over 120 international and regional fintech companies participated in the event which lasted two days and that took place in the center of one of the UAE's most important financial hubs and drew over 10,000 attendees. On stage, more than 80 speakers and business leaders shared their knowledge and expertise with visitors at the exhibition. Among them were Orbex’s representatives and leading market analysts who presented their exclusive "2023 Q1 Market Outlook" projections and participated in a panel discussion on "Asset Classes and Central Banks".
Orbex’s delegation was able to meet with hundreds of partners and traders and showcase the company’s products, B2C and B2B, and services at their eye-catching Titanium stand at Booth #20. The Orbex stand enjoyed a rather impressive turnout, as the broker chose to unveil its new Affiliation program exclusively at the expo and hosted a series of meetings, prize draws and VIP events to engage with their clients, partners, and expo attendees.
At a special award ceremony that took place at the conclusion of the Dubai Forex Expo, Orbex was also awarded the title of "Best FX Educational Broker in MENA 2022" in recognition of its long-standing dedication to offering clients quality research tools and teaching in both English and Arabic. It's also important to note that earlier this year, the renowned fintech publication and awarding body World Finance recognized Orbex's Research team as the "Best Forex Research and Education Provider 2022".
You can watch some of the highlights from Orbex’s latest exhibition at the Dubai Forex Expo 2022 here.
About Orbex
Orbex is a leading global investment services firm offering award-winning forex and CFD trading services at some of the most competitive conditions. Since its inception in 2011, Orbex has committed to providing access to first-in-class trading and investing solutions that are backed by leading education, expert research tools and the ongoing support needed to assist clients in navigating the global financial markets.
Global multi-regulated financial services broker Orbex has announced the launch of its new forex Affiliate Program featuring custom CPA deals of up to $1,000 commission per qualifying client referral.
Orbex’s revamped Affiliate Program reportedly combines one of the highest-paying CPA commission structures in the industry with expert support, cutting-edge reporting tools, and added ways to earn. The new CPA model is intended to provide Orbex Affiliates with a consistent flow of passive income as Orbex continues to grow and create waves in the FX and CFD industry.
A number of new services will be made accessible to Orbex Affiliates through the Cellxpert marketing platform, which enables users to serve ads and easily track their clickthrough and conversion rates. Access to a variety of branded marketing tools and high-converting funnels is also available through Orbex's bespoke Cellxpert platform.
Designed to suit the needs and requirements of today’s FX Affiliates, Orbex’s latest partner scheme lists the following benefits:
Some of the highest CPA rates in the industry of up to $1000
Custom plans and flexible withdrawals with $0 fees
A vast array of promotional tools to aid in traffic conversion
Sub-affiliate earnings, sponsorship opportunities, and exclusive added rewards
A state-of-the-art Affiliate panel for advanced ad serving, tracking, and reporting
Orbex Chief Marketing Officer, Drosoula Hadjisavva commented on the launch of the new Orbex Affiliate program:
“Partner marketing has quickly become the table stakes for business success in the financial services industry and beyond, as many consumers have come to distrust traditional advertising. In response, we here at Orbex, have long recognized the value in building robust partner ecosystems and the impact partners have on the company's ability to scale. Our latest affiliate program launch marks an important step in satisfying the requests we have been getting from partners and potential affiliates, wishing to promote Orbex to their audiences in exchange for a commission on sales generated. We're excited to offer our valued affiliate partners the best workflow automation and remain committed to investing in digital transformation solutions as we go beyond business continuity requirements and into an extraordinary push for improved productivity."
In addition to its new Affiliate program, Orbex continues to offer its offline IB partners a lucrative lifetime revenue share scheme. Orbex Introducing Brokers are also now able to benefit from Orbex’s increased CPA deals through sub-Affiliate partner referrals. To learn more about Orbex’s Affiliate and IB partner opportunities click here.
Orbex is a leading global investment services firm offering award-winning forex and CFD trading services at some of the most competitive conditions. Since its inception in 2011, Orbex has committed to providing access to first-in-class trading and investing solutions that are backed by leading education, expert research tools, and the ongoing support needed to assist clients in navigating the global financial markets.
ZuluTrade is a major third-party copy trading platform. The broker is also offering copy trading services with DupliTrade.
Moneta Markets has expanded its social trading offerings by adding ZuluTrade to its trading platform, the broker announced on Friday. The latest integration came when Moneta already offers such services with Duplitrade, another popular third-party social trading platform.
"We have always intended to offer clients access to ZuluTrade, simply because it's the largest automated peer 2 peer social trading platform out there. However, we wanted to ensure we were set up to really get the most out of it," said David Bily, founder, and CEO of Moneta Markets.
The broker's decision to integrate ZuluTrade came after it expanded its product range and also improved trading infrastructure and pricing.
Copy Trading Trend
Copy trading, which allows traders to copy the trading strategy of experts, has become very popular in the past decade. The industry is estimated to grow at an annual compounded rate of 7.8 percent and is expected to reach from $2.2 billion at the end of 2021 to $3.77 billion by 2028.
ZuluTrade
ZuluTrade is a very popular copy-trading platform that has partnered with dozens of brokers to enable them to introduce copy-trading services to their clients. The platform was founded in 2007 and was acquired by the Finvasia Group last December for an undisclosed sum, a deal that also included Greek-licensed broker, AAAFx.
Headquartered in Greece, ZuluTrade is now focused on expanding its global reach and is seeking new regulatory licenses. It is also pushing to add new capabilities to its existing social trading platform.
Moneta Markets
Moneta, established in 2020, recently came out of the Vantage umbrella to operate on its own. The broker gained a new regulatory license in Australia, while it is already regulated in South Africa and St. Vincent and the Grenadines.
Meanwhile, third-party trading platform providers have become cautious lately after Apple delisted two MetaTrader apps from the App Store, possibly in response to the usage of the platform by scammers. These third-party trading platforms are now hardly partnering with shady brokers who operate without a license or offshore approvals.
The recent data from the US jobs market disappointed market participants. However, they were ignored, and US equity markets continued to rip higher. So let's take a quick look at some of the key indicators.
Initial Claims Trending Higher
Although the labor market is supposedly "too robust to be in recession," anyone who bothers to look at higher frequency data will see that story disintegrating quickly as initial unemployment claims increased to 256k last week (worse than the 250k expected). The 4-week average of new claims is currently at its highest level since November 2021, while continuing claims continue to stagnate.
Source: Bloomberg
JOLTS Job Openings Disappoint
Additionally, there were fewer job opportunities in June than was previously thought. According to the Job Openings and Labor Turnover Survey (JOLTS) by the Labor Department, there were 10.7 million open positions in the United States on the final day of June, which is less than what economists had projected and the lowest number since September. From the upwardly revised May total of 11.3 million, there was a decline of 605,000. Since reaching a record high in March, the number of openings has decreased each month.
Jobs in the retail trade accounted for more than half of the loss (-343,000). Wholesale trade (-82,000) and state and local government education also significantly reduced (-62,000). On the other hand, openings in the health and education sectors grew by 99,000.
4.24 million people left their jobs, which is the fewest since October. Construction had a decline in resignations (-51,000), while state and local government education saw a rise (+14,000). The JOLTS report painted an almost uncomfortably strong picture of the US labor market up until May. Still, it finally cracked in June, with job openings falling at the second-fastest rate ever (only the Covid crash months were worse). Since the US is now technically in a recession, we anticipate that July and the following months will be much worse.
Source: Bloomberg
Non-farm Payrolls Due
The non-farm payroll data on Friday will also reveal whether businesses continued to hire in July after adding 372,000 positions in June or whether economic uncertainty caused them to cut down. The official consensus is at 250,000 new jobs in July, while the unemployment rate is expected to stay at 3.6%. Volatility will indeed be elevated following the data, with investors repricing the hawkish expectations of monetary policy; despite no assurances by the Fed, it has changed its plans to hike rates.
Portuguese Securities Market Commission (CMVM) has added one more unregulated forex broker to its warning list last week. The regulator issued a formal warning against Trader.Online as the broker is not authorised to carry out any type of financial intermediation activity in Portugal.
The Portuguese Securities Market Commission, also known by its initials as "CMVM", supervises and regulates securities and other financial instruments and activities of all those who operate within said markets. It is also CMVM’s mission to ensure the stability of the financial markets, by contributing to identify and prevent systemic risk and contribute to the development of financial instruments markets.
Trader.Online is operated by IVY Capital, an offshore company registered on the Marshal Islands, and is not authorized to offer forex and CFD trades in Portugal. Besides Forex Trader.Online also offers CFDs trading on commodities, stock, indices and crypto coins. There is one more company behind the brand's name, DDK Ltd. that claims to be registered in Bulgaria. However, the company is not licensed by Bulgarian Financial Supervision Commission.
We have also found a lot of negative reviews from the traders. Some of them cannot withdraw their funds and profits, others haven't heard from broker since their first deposit. It seems that Trader.Online is just one more unregulated company trying to deceive customers.
Generally, we always advise traders to avoid dealing with unregulated forex brokers, as most of them are involved in investment scams. There are a number of properly licensed brokers to choose from, like the ones regulated by the FCA or the Australian Securities and Investment Commission.
You can read our review on this broker here.
Orbex, a global multi-regulated financial services broker, has announced that it received the “Best FX Educational Broker in MENA 2022” award at this year’s Forex Expo in Dubai. This is due to Orbex's long-standing dedication to providing its trader with the best market research, analysis, and trading education available in English and Arabic.
The Forex Expo Awards honor the achievements of top companies that represent quality and innovation in the global fintech and financial services sectors at their best. The Forex Expo in Dubai brings together thousands of traders and top figures from the fintech and investment services sector, including banks, institutional investors, hedge funds, brokers, fintech solution providers, and media outlets, and is concluded with an awards ceremony. As one of the Forex Expo's Titanium sponsors, Orbex had the chance to demonstrate its trading services, partner prospects, and multi-awarded Research & Analysis team.
Since it was created in 2011, Orbex has earned a reputation for making significant investments in educating its customers and the larger trading community about the financial markets, guiding people on how to trade online with CFDs through daily market news analyses, live webinars, regional seminars, and special reports. Given its ongoing investment in top-notch Arabic Research & Analysis, Orbex, which is dedicated to "helping traders responsibly," has a particularly strong presence in the greater MENA region and most Arabic-speaking nations.
Orbex Head of Training and Market Strategy Mohammed Al-Mariri who had the opportunity to accept the “Best FX Educational Broker in MENA 2022” in person, commented, stating that the award validates their continuous efforts to provide the best possible trading education and supports traders to gain a better understanding of the global financial markets and how to conduct trades. He further expressed his enthusiasm that their Research team's dedication to high-quality research has once again been recognized by Forex Expo Awards and that they remain committed to providing traders with actionable market commentary, real-time expert analysis, and exclusive trading insights in multiple languages.
Moreover, earlier this year, Orbex’s Research team was honored with the 'Best Forex Research and Education Provider 2022' by the acclaimed fintech magazine and awarding body World Finance.
Orbex is a leading global investment services firm offering award-winning forex and CFD trading services at some of the most competitive conditions. Since its inception in 2011, Orbex has committed to providing access to first-in-class trading and investing solutions that are backed by leading education, expert research tools, and the ongoing support needed to assist clients in navigating the global financial markets.
