FinTelegram wants to know from its readers why they register with online brokers for binary options, CFDs or cryptocurrencies. It is now known that most of these brokers are scams. Many thousands of customers have lost and keep losing their money. It seems that the operators of broker scams like Gal Barak are defending themselves by claiming to offer bets and not asset trading which is a financial instrument.
Their defense line seems to be that they claim that their clients would have been aware of the betting nature of their products. In this respect, they would have lost their money as a wager, according to their argumentation. We want to use the survey to find out if their clients were really aware of this.
If you are a victim of a broker scam please join the European Funds Recovery Initiative (EFRI). Together we can make an impact!