19 Hrs
Source:
اقتصاد
How platforms trap users
A report by Al Jazeera 360 exposed the tactics used by binary-options platforms, which promote the promise of quick profits through misleading ads and influencers, then prevent some customers from withdrawing their money. On closed platforms, traders’ losses can become direct profits for the company, while customers lose the full value of unsuccessful trades. The report cited data showing that 74 to 77 percent of retail traders incur losses. Some platforms offer influencers commissions of up to 80 percent of the losses incurred by customers they refer. Regulators in Europe, the UK and Australia banned this type of trading between 2018 and 2021. An investment adviser called for greater public awareness and stronger oversight of digital advertising, and urged people to verify a platform’s identity and determine which party benefits from traders’ losses.
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