CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
With binary options, you are trading against the house. You're betting if the price is going up or down and the broker takes all your money when you lost your bet.
With binary options, the trader has to guess where price will move next. Up or down?
You place your bet and when you guessed right, you get a 70 to 90% return. But if you guessed wrong, you lose your 'investment' and the money goes straight in the pocket of the broker.
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