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Know the Ban
Binary options are fixed-odds bets where wrong predictions mean losing your full stake. The FCA banned their sale to UK consumers from 2 April 2019. Any current offer is likely a scam.
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Verify Firms
Check every firm on the FCA Firm Checker before investing. Confirm it is authorised for the specific service offered. If unlisted, call 0800 111 6768. Use only register contact details, never those from unexpected callers.
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Spot Red Flags
Scammers use social media ads, fake UK addresses, and manipulated prices. They may close accounts without returning funds. Watch for unsolicited contact, pressure to invest fast, and unrealistic returns. Report suspected scams to the FCA.
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