- The movie Wolf of Wall Street (2013) inspired struggling British youth to seek fortunes in finance.
- Unfortunately, some such as Elijah Oyefeso (25) have used exaggerated instagram lifestyle portrayals (rented exotic cars, flying private) to attract young people to open binary options brokerage accounts.
- Similar to gambling, binary options enable highly-leveraged bets on the rise/fall of stocks, currencies and other financial securities.
- Elijah promises that followers can make hundreds per week and brokerages (Plus500, 24Option) pay him for recruits.
- 80% of binary options accounts lose everything.
