Any reason to trade binary options?

Quoting hitcola

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Hi everyone, Are there any advantages to trade binary options over trading forex I just don't understand why binary options even exist, why would anyone trade it. It needs you to predict the price at a specific time, which is harder than forex where u don't have to predict time. It also has a take profit less than stop loss, and u get paid 85% of your bet if you win, but if you lose, you lose 100%. Anyone can find any single reason to trade binary options, let me know.. Thx.

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Quoting Erebus

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{quote} NO they are pure scammers, been banned most countries same for many prop firms, do some research what does your gut feeling tell you? if you can't trade FX, it doesn't matter what else you trade Good Luck

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