Black-List of Binary Options Scams
Estimated reading time:
6 minutes
There’s no harm done
when we (legit binary options traders) expose those who are trying to make the
market filthy and unbearable for all.
There are many
legitimate binary options brokers out there as well as a hand full of scam
brokers and fake signal services.
These fake brokers and
signal services are just trying to ruin the good reputation people have about
the industry by promising mouth-watering bonuses (for brokers) and unimaginable
profits and returns (for signal services) when you join their train.
List of Scam Binary Options Brokers. *(Do Not Register An
Account With Any of Them)*
- OptionsXO
- OptioNow
- EZ Binary
- XB24
- Safe24Options
- Royal Binary
- TraderXP
- EZTrader
- Global Option
- OptionsXO Amber Options
- Vault Options
- Royal De Bank
- Golden Binary
- OptionMaker
- Tradersking
- Sycamore Options
- 777Binary
- Tiger Options
- Binary International
- VIPBinary
- Option Trader
- Cedar Finance
- Global Trader 365
- Option Area
- NY Stock Options
- Trader’s Room
- BinaryGoal
And List of Fake Signal Providers/Services *(Do Not Subscribe to
them)*
- Hercules Profit Pro
- Binary Boom
- Rock The Stock
- Millionaires Blueprint
- Aussie Method
- The Fisher Method
- Cash Code
- Society Of Millionaires
- Extreme Profits System
- Binary Hijack
- Simon’s Replicator System
- Home Online Earners
- My Online Business
- Thousand Dollar Days
- Push Button Commi$$ions
- $100M Club
- Chrissy’s Invite
- Automated Cash Signals
- Insured Profits
- Tokyo Bot
- Wealthy Trader
- Legal Insider Bot
- The $100K Club
- The 1 Percent Club
- The Fisher Method
- Rock The Stock
- The Private Society
- Cash Code
- The Apple Stock Robot
- My Online Business
- China Millionaire
- Auto Profit Suite
- Daily Binary Profits V7
- The Covert Society
- Oz Robot
- Golden Goose Method
- Binary Chaos
- Commodity Robot
- German Binary Matrix Pro
- Millionaires Club
- Safe Trader App
- Secret Millionaire Society
- My Cash Bot
- Daily Results
- The Binary Redemption
- Swiss Binary Robot
- Secret Wealth App
- 2014 Millionaire Launch
- Crisis Killer
- Desert Millionaire
- Ataraxia 7
- 500k Project
- Fast Income App
- Insiders Club
- Daily Binary Profits
- Free money System
- AutoOptionsBot
- AlgoTradingPro
- Fast Wealth Club
- Al Profit Bot
- Guaranteed Profits
- The Binary Pilot
- Binary Money Maker
- Tokyo Bot
- Profit Booster App
- Magnetic Profits
- Secret Millionaire App
- Instant Trading Profits
- Fast Income Pro
- Auto Binary Profits
- Instant Profit Method
- The Wealthy Trader
- Private Wealth Circle
- Auto Binary Signals
- Undercover Income
- TradeSniper
- The Binary Insider
- 100in60
- GetRichInSeconds
Reason
behind these Scams?
As the Binary Options
method of trading is still fairly new, it has become a fertile ground for
scammers to thrive.
This is because many
people have little or no prior knowledge on how trading binary options works and
so easily fall for scam products.
Being more in number
than the real brokers and signal services, it is also relatively simple for any
newbie to fall for these scams.
Binary Options is
gaining popularity day by day and its opposition, the Forex market is dwindling
as time goes by (See images below).
So, this is why we can
see more scams pop-up every day in binary options niche rather than Forex.
The scam broker does almost everything a
legitimate broker would do in order to satisfy their clients except of course,
during withdrawal of funds.
How to identify scam:
One sure way to detect
binary options scams is to conduct a search online on any search engine with
the keywords “Company name + scam” or “Company name + reviews” without quotes.
Read as many reviews and
testimonials as possible from various clients expressing their views about the
Company on different review sites before buying any binary software or
depositing funds into any broker.
Other minor qualities
that may help you suspect the Company in question are:
General:
- Inadequate customer support
- Low quality website design
- Suspicious video testimonials e.g tutorial on how
someone made thousands of dollars
- Non-secured website (i.e. Absence of SSL certified
website)
- Not Regulated by well-known Organizations e.g Cysec, CFTC,
FSA, ASIC etc
- Mouth-Watering Bonuses: Usually, these fake brokers use
incentives like 200% deposit bonus, 500% bonus and other “too good to be
true” bonuses to attract new clients into their platform
Domain Related: in minority of cases
- New Domain Name
- Alexa Ranking: Poor Alexa ranking
- Domain Age: recent domain
However, sometimes, in a
few occasions, other scam brokers may be hyperactive in customer related
questions and issues and try to solve them so as to get the confidence of the
trader which will later result in the trader depositing funds for trading.
Customer service may be
through phone calls, live chat or ticket system
Note of caution:
- Don’t Deposit more than you can afford to lose with any
broker. Always start with the minimum amount the broker recommends so as
not to lose much assuming they were to be scam.
- Always research online for a particular broker or
signal service before joining.
- Even if your trading is good and you’re making nice
profits, always do a test withdrawal before depositing more funds. This is
to verify the credibility of the broker.
- Do not buy any binary options signal software without
being confident that the product actually works.
- Please always visit this page to find the updated list
of scam products in the market.
- If a program looks too good to be true, conduct further
research to verify the authenticity of the program.
- Do not give out your social security number or any
other sensitive information like PayPal email and password to unknown
persons even if they were requested by the Company itself.
- Logically, you should run away from sites claiming you
could make up to $1 Million per day trading binary options
- If you’ve been scammed and you have proofs to show that
you you didn’t receive the services promised by the vendor, you can file a
dispute against them with either PayPal or your Credit Card Company
depending on the method of Payment.
If you know of any
Binary Options Scam Product, Broker or Software, Kindly let us know about it in
the comment section below.
No comments:
Post a Comment