Building permit

Here's the article for MediaWiki 1.40, explaining "Building Permit" in the context of binary options, with a focus on its fraudulent usage, and adhering to all specified guidelines:

Building Permit (Binary Options Scam)

A "Building Permit" is a term used within the binary options trading community, *specifically* to describe a type of advanced-fee scam. It is crucial for anyone considering binary options trading to understand this term, as it represents a sophisticated and potentially devastating method used by fraudulent brokers and signal providers. While the phrase sounds legitimate – referencing official construction approvals – in the world of binary options, it signifies a near-certain path to financial loss. This article will delve into the details of this scam, how it operates, how to identify it, and how to protect yourself.

What is a Building Permit?

In legitimate construction, a building permit is official authorization to start a building project. In the context of binary options, however, a “Building Permit” is a fabricated requirement created by unscrupulous brokers or signal sellers. They will claim that to access purportedly profitable trading signals, or to withdraw funds from an account, a trader must pay an upfront "permit fee”. This fee is presented as a necessary cost to unlock access to special software, superior trading data, or to overcome supposed regulatory hurdles.

This is almost always a complete fabrication. Legitimate brokers do not require upfront fees for trading signals or withdrawals. The "Building Permit" is simply a pretext for stealing money from unsuspecting traders. The amounts requested can vary widely, from a few hundred dollars to tens of thousands, depending on the perceived vulnerability of the victim.

How the Scam Works

The scam typically unfolds in several stages:

1. **Initial Contact & Investment:** The scam begins like many other binary options frauds. Victims are often approached through unsolicited emails, social media advertisements, or cold calls promising high returns with minimal risk. They are then directed to an unregulated or offshore binary options broker. The initial investment is often small, to build trust. 2. **Early "Success":** Initially, the trader may experience some winning trades. This is deliberate. Scammers allow small wins to create a false sense of profitability and encourage larger deposits. This is often achieved through manipulation of the trading platform. See Market Manipulation for a deeper understanding of this tactic. 3. **The "Building Permit" Request:** After the trader deposits a significant amount of money, and attempts to withdraw profits (even small ones), the broker will introduce the "Building Permit" requirement. They will explain, often with complex and believable-sounding justifications, that a fee is needed for various reasons:

   * **Compliance/Regulatory Fees:** Claiming they need to pay a fee to a regulatory body to process the withdrawal.
   * **Software License:** Stating a license is required for their proprietary trading software.
   * **Insurance:** Alleging an insurance fee is necessary to protect the trader’s funds.
   * **Data Feed Access:**  Claiming the trader needs to pay for access to a premium data feed providing better signals.

4. **Pressure & Urgency:** Scammers will often create a sense of urgency, stating the "Building Permit" is only valid for a limited time or that the opportunity will be lost if the trader doesn't act quickly. They may use high-pressure sales tactics to force a quick decision. This is a classic Psychological Manipulation technique. 5. **Continued Requests:** Even after the initial "permit" is paid, scammers may invent further fees – "Renewal Permits," "Processing Fees," "Tax Permits," etc. – endlessly extracting money from the victim. 6. **Disappearance & Blocked Access:** Eventually, the trader will realize they are being scammed when the requests for fees continue indefinitely, and withdrawals are consistently denied. The broker will often become unresponsive, block the trader’s access to the platform, and disappear.

Identifying a "Building Permit" Scam

Recognizing the warning signs is crucial for avoiding this scam. Here are some key indicators:

• **Unsolicited Contact:** Beware of brokers or signal providers who contact you out of the blue, promising guaranteed profits.
• **Unregulated Brokers:** Always verify that the broker is regulated by a reputable financial authority such as CySEC, FCA, or ASIC. Check the regulator's website to confirm the broker's license is valid.
• **Upfront Fees:** Legitimate brokers do *not* charge upfront fees for trading signals, withdrawals, or any other similar purpose. This is a significant red flag.
• **Guaranteed Profits:** Binary options trading involves significant risk, and no broker can guarantee profits. Any claim of guaranteed returns is a lie. Understand the concept of Risk Management before trading.
• **Complex Explanations:** Scammers often use complicated jargon and convoluted explanations to justify the "Building Permit" fee, hoping to confuse the trader.
• **Pressure Tactics:** High-pressure sales tactics and a sense of urgency are common indicators of a scam.
• **Difficulty Withdrawing Funds:** If you encounter any obstacles when trying to withdraw your profits, be extremely cautious.
• **Poor Customer Service:** Unresponsive or unhelpful customer service is another red flag.
• **Negative Reviews & Reports:** Research the broker online and check for negative reviews or reports of fraud. Utilize resources like the Financial Fraud Reporting websites.

How to Protect Yourself

Protecting yourself from "Building Permit" scams – and binary options scams in general – requires diligence and skepticism. Here are some preventative measures:

• **Only Trade with Regulated Brokers:** This is the most important step. Stick to brokers regulated by reputable authorities.
• **Never Pay Upfront Fees:** Refuse to pay any upfront fees for trading signals, withdrawals, or any other purported service.
• **Do Your Research:** Thoroughly research any broker or signal provider before investing any money.
• **Be Skeptical of Guaranteed Profits:** Remember that binary options trading is inherently risky.
• **Start Small:** If you decide to trade, start with a small amount of money that you can afford to lose.
• **Understand the Risks:** Before trading, fully understand the risks involved. Learn about Binary Options Basics and familiarize yourself with the market.
• **Use Secure Payment Methods:** Avoid using wire transfers or other irreversible payment methods. Credit cards offer some level of protection.
• **Keep Records:** Keep detailed records of all your transactions and communications with the broker.
• **Report Suspicious Activity:** If you suspect you have been scammed, report it to the relevant authorities. See Reporting Fraud section.
• **Learn about Technical Analysis**: Understand how to analyze charts and make informed decisions.
• **Understand Volume Analysis**: Learning to read volume can help detect manipulation.
• **Explore different Trading Strategies**: Diversifying your knowledge helps you recognize when something is amiss.
• **Learn about Candlestick Patterns**: These provide visual cues that can help identify potential trading opportunities, and also help you assess the legitimacy of signals.
• **Utilize Money Management techniques**: Protecting your capital is paramount.

Reporting Fraud

If you believe you have been a victim of a "Building Permit" scam, it is important to report it to the appropriate authorities. Here are some resources:

• **Your Local Police Department:** File a police report in your jurisdiction.
• **Financial Fraud Reporting:** Report the scam to your country's financial fraud reporting agency.
• **CySEC (Cyprus Securities and Exchange Commission):** If the broker is regulated by CySEC, you can file a complaint with them.
• **FCA (Financial Conduct Authority):** If the broker is regulated by the FCA, you can file a complaint with them.
• **ASIC (Australian Securities and Investments Commission):** If the broker is regulated by ASIC, you can file a complaint with them.
• **The FBI’s Internet Crime Complaint Center (IC3):** [1](https://www.ic3.gov/)
• **Federal Trade Commission (FTC):** [2](https://www.ftc.gov/)

Conclusion

The "Building Permit" scam is a particularly insidious form of fraud prevalent in the binary options industry. By understanding how it works, recognizing the warning signs, and taking preventative measures, traders can protect themselves from becoming victims. Remember, legitimate binary options brokers do not require upfront fees, and guaranteed profits are a myth. Thorough research, skepticism, and a commitment to trading with regulated brokers are the best defenses against this and other binary options scams. Always prioritize education and risk management.

Examples of "Building Permit" related phrases used by scammers

Phrase	Explanation
Compliance Department Fee	Claiming a fee is needed to comply with regulations.	Withdrawal Processing Fee	Alleging a fee is required to process the withdrawal request.	Insurance Guarantee	Stating an insurance policy is needed to protect the funds.	Data Feed Activation	Claiming a premium data feed requires a one-time activation fee.	Legal Documentation Fee	Asserting a fee is required for legal documents to release funds.	Tax Clearance Fee	Alleging a tax clearance payment is necessary before withdrawal.

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⚠️ *Disclaimer: This analysis is provided for informational purposes only and does not constitute financial advice. It is recommended to conduct your own research before making investment decisions.* ⚠️ [[Category:Scams & Frauds - не подходит. Разрешение на строительство не является мошенничеством само по себе.

Предлагаю новую категорию: **Category:Construction permits**]]