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But industry data and legal documents seen by the Bureau show more than three quarters of those who sign up lose all their money - and as little as 3 of people make any profit at all.

But malpractice is rife in the sector, warn police, who say unregulated binary options trading has become the biggest fraud in the UK. But while countries around the world enact regulation clamping down on the industry, the British government continues to sit on its hands.