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Here are some general questions to ask when you are considering an investment. The Canada Revenue Agency (CRA) has information on what constitutes a qualified investment. However, here are some questions you may want to think about before you consider making an investment decision.

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The underlying interest could include a security, index, currency, precious metal, price or other thing. Binary options are sometimes referred to as: all-or-nothing options, asset-or-nothing options, bet options, cash-or-nothing options, digital options, fixed-return options and one-touch options.

This means that the option holder does not have the ability to choose whether to buy or sell the underlying asset. Often, the time period specified in the products contract for meeting the predetermined condition is very short. For the most part, such platforms are fraudulent and the investors advanced payment on their credit card is simply taken without a trade ever occurring.