With the increasing reliance on the internet for various tasks, the risk of falling victim to scams has also risen. As society integrates the online world into daily life, online thefts and scams have become as prevalent as pickpocketing. The term “Binary” refers to “two” in simple terms. In binary options trading, there are precisely two trading options available: a fixed amount or nothing at all. Traders in this type of trade are limited to these two options when predicting the price of an asset, commodity, or index over a short period. Binary options are often considered high-risk, as they expose traders to the possibility of losing all their money or earning substantial profits.