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The harsh reality is that there are multiple binary options brokers that are running a scam. There are various ways in which a binary options broker could be doing this, including non-payment of legitimately earned money, fraudulently awarded bonuses and claims made by the broker that are simply not true.

Below you’ll find a list of binary options scams that you should 100% avoid when you come across them:

Update: Currently the most trusted broker in the business is HighLow. It's in the business for several years now and has multiple licenses in various reputable jurisdictions. So, if you want to go safe, then go HighLow.

However, since HighLow does not accept US traders, US traders can check out BinaryMate instead, which is an equally reputable broker with great services and fast withdrawals.

MIN DEPOSIT

PAYOUT

SCAM BINARY OPTIONS BROKERS LIST

  • GlobalTrader365
  • Safe24Options
  • Sycamore Options
  • Binary International
  • Cedar Finance
  • VIPBinary
  • EZ Binary

NOT RECOMMENDED BINARY OPTIONS SIGNALS LIST

  • 650System
  • Action Binary
  • ATARAXIA 7
  • Auto Binary Bot Scam
  • AutoBinarySignals.com
  • Binaryoptions-live-signals.com
  • BinaryOptionBot 2.0
  • Binaryoptionbox.com
  • Binary-Options-Robot
  • Blackrockbotr.com
  • Brokersignals.com
  • Faunus Analytics
  • FB Wealth Group
  • iFollow Signals
  • Legal Insider Bot
  • Lone Wolf Signals
  • Paul Applegarth’s Oneclick Autotrader
  • Profit Binary
  • Profit in 60 seconds
  • Signal Index
  • TheBinarySignals.com
  • The Green Room
  • The GCAD Indicator From ITM Financial
  • Updownsignals.com
  • ZuluTrade

GlobalTrader365 – You can usually know if a broker is suspicious just by their unprofessional name. GlobalTrader365 is a name one would choose randomly and quickly when creating a new get-rich-quick scheme and scam.

Based on several real trader reviews on multiple forums the modus operandi of this broker is to manipulate people into depositing very large sums of money above $5,000+ claiming that they will then reveal some magic winning secrets. Once the money is deposited, no one will reply to your emails anymore or answer your phone calls. Your money will be gone.

GlobalTrader365 is a SCAM.

 

Safe24Options – This broker appears to be ripping off the trust and name of the broker 24Option, which is a legitimate broker licensed in the European Union. Safe24Options and 24Option are NOT the same company.

The most common complaint about this broker is complete non-payment regardless of the amount. Usually once you register a customer service representative will approach you and make all kinds of wild claims and promises that if you deposit a very large amount he’ll show you an unknown winning secret. Once you deposit, you’ll never hear from him again.

Safe24Options is a SCAM.

 

Sycamore Options – There are rumors according to which Sycamore Options is being run by the same company as TraderXP, another binary options scam. It appears that after the large negative publicity, TraderXP simply decided to change its name and operate under a new scam.

Sycamore Options is in our opinion one of the worst binary options scams as there have been reports of the broker fraudulently charging people’s credit cards. One trader reported on a popular binary options forum that after a deposit of $200 the broker ninja-withdrew an additional $800 in 4 incremental payments without the trader’s permission. The trader was refused any compensation.

Do NOT register at Sycamore Options it’s a SCAM.

 

Binary International – There is not much information available about this binary options broker. This does not necessarily mean that this broker is a scam however the fact that it’s extremely hard to find any information about the company running this broker is suspicious.

The general rule of thumb when registering at binary options brokers is that you should avoid anything that appears suspicious. You should trust your gut feeling if something appears off. You might be wrong in certain cases but it’s not worth taking the risk of registering at a potential scam.

Binary International might not be a scam but it looks suspicious as it’s difficult to see what company runs this broker.

 

Cedar Finance – Cedar Finance might not necessarily be a scam however the way the company owners promoted this broker in the past resulted in them being blacklisted by multiple online trading websites and forums.

Cedar Finance is perhaps known as one of the largest spammers in the business. In the past, they were ranking for a huge number of “make money online” keywords in Google and promoted a massive number of fake video testimonials from supposed “clients”.

While they might not be scamming people directly (not paying out winnings etc.) they do seem to be very happy about misleading random people into believing that with binary options “you can turn $200 into $1,000 in 60 seconds”.

Due to their predatory nature and aggressive and dishonest marketing we do not recommend Cedar Finance as a suitable binary options broker even though they don’t seem to be a scam.

 

VIPBinary – VIP Binary is another broker that does not necessarily appear to be a scam but still managed to generate a lot of negative feedback from losing traders. While the broker might be legit, we believe you should not risk and register there considering that there are plenty of reliable alternatives out there.

VIPBinary also engages in dishonest and manipulative advertisement tactics promising traders massive winnings if they just deposit $1,000 more into their accounts. While traders doing this might appear to be dumb (I mean, why would you listen to a BROKER telling you to invest MORE money?) it’s sneaky and shady to manipulate these people into losing their money.

VIPBinary is a suspicious broker you should avoid.

 

EZ Binary – EZ Binary is a broker that appears to be piggybacking the brand and trademark of EZTrader. EZTrader is a legit and fully EU regulated binary options broker that should not be confused by EZ Binary. The two brokers are owned by two completely different companies not related to each other.

The fact that EZ Binary is stealing the brand value of another broker in order to fool people into believing that they are trading at a different broker means that EZ Binary is a scam.

EZ Binary is a SCAM.

FAQ

Is 24Option a Scam?

Is Redwood Options a Scam?

Is Boss Capital a Scam?

Is GOptions a Scam?

Is Cherry Trade a Scam?

Is LBinary a Scam?

Is Magnum Options a Scam?

Is Signals365 a Scam?

How do we Decide if a Binary Options Broker is a Scam?

One of the best ways to decide if a binary options broker is a scam or not is to look out for real trader reviews at reputable Forex or binary options websites. One of the most important forums to look for such information is ForexPeaceArmy.com that regularly has real user feedback posted on brokers.

If a binary options broker gets too much negative feedback related to issues such as non-payment of withdrawals, fraudulent claims and aggressive marketing practices then the broker will automatically land on our scam list.

Something that we genuinely don’t like is brokers that outright manipulate and fool their clients into depositing massive amounts of money claiming that after they do so the broker will tell them some hidden secret about making money online.

Binary options is not magic and you cannot make money using binary options in just 60 seconds by making random trades. You can only make money in binary options if you put in a great deal of effort into research and execution.

Anyone, be it a broker or an informational website, who promises you “guaranteed wins in 60 seconds” is lying and profiting from you being stupid if you buy into it. So, any brokers that promise “massive wins without effort” will land in our scam list even though they aren’t necessarily doing anything flat out scammy.

We are also suspicious towards binary options brokers that are completely new and appear to be mysterious and obscure. If you see a broker and can’t verify the company behind it and genuinely have no clue who the people running it are then you better stay away.

Our binary options scams list is constantly growing based on the feedback and experiences we get. Check back later if you want to find out more information about scam binary options brokers.

If you want to trade at genuine brokers then check out our legit binary options brokers page. On that page we listed the broker we now for sure are legitimate and have no history of scamming their traders.

Right now the broker with the most licenses and the best reputation in the business is 24Option. Check out the linked review in order to find out exactly why this broker is legit.

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132 Comments on "Scam Binary Options Brokers"

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Judith Bonhomme
Guest
I have been with Inside Option for 1 month now and I got to say that customer service is awesome,, when I signed up I had a look around I loved what I saw, their payout are anywhere from 80% to 90% and they are very frequent because of all the support I get, a nice gentleman called Christopher Rollins is constantly helping me understand how the bolinger band works and when it’s good time to bid ,, I came in with a three figure deposit and to my biggest surprise I probably be in the 5 figures at the… Read more »
OptionsAdvice
Guest

I’ve never tried Inside Option so can’t speak whether it’s good or not. On the other hand, it’s not one of the larger and better known brokers pout there. Sure, Inside Option could be legit, I don’t know but with so many 100% legit brokers to choose from that also have a good reputation why risk registering at a smaller and unknown broker that may or may not turn out to be legit.

Judith Bonhomme
Guest
Thank You for your reply Option Advice,,, it all depends on the way you look at it, I’ve been with one of your brokers mentioned above and I didn’t have the quality customers service like I have with Inside Option, Christopher Rollins always answers me in a reasonable time frame and if he doesn’t have time for me , he at least takes 2 min of his time to tell me he’s to busy and he will connect with me later, I personally think that when a legit new business opens it’s the best place you can be, the reason… Read more »
Gunnar Gervin
Guest

Judith Bonhomme: I have some money in Inside Option, and hope you are right in your statement that they are a legit and serious company. I went in with small money, see it rising steadily, but it is impossible to know if Inside Option is a scam or not before turnover is reached some day. Option trading seems to be stepping into the world of gambling, and of course then trouble is an option.

Judith Bonhomme
Guest
I’m really sorry about my comment about Inside Option, Gunnar,,, I was working hand in hand with Christopher Rollin and everything was running very smoothly until I asked for a withdrawal,,, when I decided to withdraw money from my account Mr. Christopher Rollin disappeared never be found again. I was transferred to a Mr. Alexander Adams who gave me the run around and sent me ridiculous excuses for not contacting me, I went as far as giving him various times of days to connect with me and he would always reply to me with the same answer that I was… Read more »
frank schroedl
Guest

just wait until you try to get your money out. GO ON, PROVE ME WRONG. try pulling out $1000k

Judith Bonhomme
Guest
I’m really sorry about my comment about Inside Option, Frank,, and btw you don’t need to yell at me lolll, that’s totally ridiculous behavior you don’t even know me lolll I was working hand in hand with Christopher Rollin and everything was running very smoothly until I asked for a withdrawal,,, when I decided to withdraw money from my account Mr.Christopher Rollin disappeared never to be found again. I was transferred to a Mr. Alexander Adams who gave me the run around and sent me ridiculous excuses for not contacting me, I went as far as giving him various times… Read more »
Pierre Adams
Guest

I see that you have put Option Bot 2.0 on your not recommended list. May I ask why would you say so?

OptionsAdvice
Guest

Hi. Because it has been proven time and time again that is simply does not work and you lose all the money you have deposited.

Lanwang
Guest
I wish to alert traders of one of the worst scams: UK Options. Once you have made a deposit, don’t expect to get a cent back; they will empty your account in no time, one way or another. They either put you on a bot, which they claim has a success rate over 85%, but in actual fact all this bot does is deducting a fix amount from your account on a daily basis until it is empty. Alternatively, if you stop the bot, some “big time broker” will take liberty to reset your password, without your prior knowledge or… Read more »
Lanwang
Guest
I fully agree with your comments on the notoriously fraudulent UK Options. I have had my dealings with many brokers before, some good and some not so good. However, in a industry full of sharks, UK Options must bethe most rapacious of them all. They are really pits. With other brokers, whether you make a profit or suffer a loss, you always know that the trades you have made, or made for you, that have generated the profits and losses, but with this mob of scoundrels, they show you no evidence of any trade made. You either lose money with… Read more »
OptionsAdvice
Guest

I don’t doubt your observations, but I would like to point out that you just replied to yourself while pretending to replying to a completely different person.

With this said, UK Options can still suck but it’s awkward to write comments on blogs pretending to be multiple people, while it’s the same person writing all comments. 😀

Lanwang
Guest
New alerts on UK Options! This time generous bonuses offered by Sean Park, leader of that infamous gang of thieves. In the greeting of his Skype account, he says: “Anyone who deposits $1000 with me will get a 150% bonus.” Here is the catch: unlike bonuses offered by other brokers which require a large number of turnovers to entitle customers to withdraw their bonuses, Park’s bonuses not only require similar large number of bonus turnovers to qualify withdrawals not only of the bonus itself, but also your own deposit! There’s not a shadow of a doubt that your account will… Read more »
Lanwang
Guest
Glad to see so many adverse discussions on the fraudulent operations perpetrated by scam broker UK Options. It is about time that someone gives a definitive expose of their systematic fraudulent operations (1) Pay some signals providers and software vendors a referral fee to prompt people to make deposits with them. (2) Once a deposit is made (be careful not to be tricked into making the same deposit twice), they’ll hype up the robot with exaggerated claims of success rates, which in actual fact does nothing more than taking about 20% of your deposit on a daily basis until your… Read more »
Lanwang
Guest

For your information, my contacts in the UK advised me that UK Options is not even regulated, though they claim that they are! I was told by my account manager John Burnet that they were definitely regulated, and that if they were not, “the police would be knocking on their doors!” Just shows you that cheating and lying are their stock of trade. If they keep this kind of fraudulent scam going a bit longer, the police will really be knocking on their doors.

OptionsAdvice
Guest

UK Options is indeed an unregulated broker. There is really no reason to trade at an unregulated broker considering there are so many regulated brokers out there.

Lanwang
Guest

Have you heard about a fellow watchdog by the name of Michael Freeman? He actually goes out of his way to protect some known scams and actively promotes some of them. I think it is time someone set up a website to blacklist sham watchdogs to distinguish real watchdogs like yourself from fake watchdogs like Michael Freeman or scam lapdogs.

OptionsAdvice
Guest

I know he pushes Option Bot 2 as a legit signal provider, while it’s know that Option Bot does not work as advertised. If I’m not mistaken there was also a scandal about his own signal that delivered bad results while it was advertised as a sure-win product.

Lanwang
Guest

Surprise, surprise, Michael Freeman is a scam signal provider himself. No wonder in his fake watchdog role, he suppressed his rivals and promote some scam brokers, hoping they would join hand with him to rip off their joint victims.

Lanwang
Guest

I think Michael Freeman and his ilk can be compared to a moral crusader, who runs brothels on the sly, or a self-proclaimed dog lover, who sells dog meat on the black market!

Lanwang
Guest
I think we shouldn’t be too hard on Michael Freeman. He is just trying to scrape a miserable living. He is not well educated, without any training in any trade; it is understandable that in the rapidly expanding world of binary options, where scams grow like mushrooms, this poor soul tried to snatch a little niche for himself with his own little scam trading signal software, which is pure garbage. He offered it free in the hope of using it as an instrument to prompt his subscribers to make deposits with some notorious scam brokers in return for some referral… Read more »
Lanwang
Guest
My advice for Michael Freeman seems to have come a bit too late. This crook is beyond redemption. Now he is sending me obscene and threatening emails, because I exposed his new scam Mike’s Auto Trader, which is the same as Michael Freeman’s Binary Options Signals, but in a different wrapping, as most scammers do, using different aliases to push the same scam. A piece of turd by any other name smells as foul! If you like, I can forward his very obscene emails; that would be interesting reading. In it he also admitted that he had ripped off millions… Read more »
Lanwang
Guest
Hi OptionsAdvice, I really appreciate the information given by you above, all of which have a familiar ring about them, using the same scam tactics as UK Options and Mike’s Auto Trader and its predecessor Michael Freeman’s Binary Options Signals. For a change, I actually have in my hand an email from Michael Freeman, which contains besides his obscene, filthy language, a confession, boasting that he has fleeced the “suckers” for millions of dollars. I would like very much to forward it to you if you provide me with an email address or other means of communication. I think it… Read more »
Lanwang
Guest
Hear, hear, the confession of a dirty scammer. The following are verbatim extracts from scammer Michael Freeman: “… haha I made millions because of dumb people like you. “Doctor” lol I love Asians.. Asian woman who suck my Jewish XXXX. ” Obscene and offensive word has been concealed here for decency reasons. Is there anybody here who still wants to be scammed by this low-bred, uneducated thug, with dubious upbringing? So stay away from his newly-fangled scam software Mile’s Auto Trader and its predecessor Michael Freeman’s Binary Options Signals, which are one and the same package of dog fasces.
Lanwang
Guest

No matter what strategy you adopt, if you make a deposit with scam brokers like UK Options, a pack of THIEVES led by a shameless rogue and swindler, Sean Park, who will simply reset your password without your prior knowledge and consent, take out ALL your money and lose it on a single imaginary trade, without showing you any trading record, except an empty account!

Ayesha Hong
Guest

Hi there. I have problem with inside option, Daniel Jackson. My account looks great from 30k starting capital to 160k. But now i cannot even withdraw a single cent. I have wrote to Daniel Jackson, email the support help, msg the live chat, has been 2 months now and i still dont hear anything from them… can anyone help me how who and which legal department i can write to? Frastrating and feel cheated.

OptionsAdvice
Guest

Hi Ayesha. Sorry to hear about your experience. As far as I know Inside Option is not regulated, and as such you can expect such things to happen. Like I say in my articles, make sure you choose a regulated binary broker before you register. This will always ensure that you won’t be scammed and that your withdrawals will always be processed without any issues.

Gunnar Gervin
Guest
Hi, Options Advice. I believe you should be more accurate and realistic, and inform people that unregulated option companies should be viewed as scammers, all of them. Those few honest ones I suppose are there. Rbinary is not regulated, and they speak good for themselves, but so do many scammers in this rather greedy world. I have some small money there, and have no exact idea about what will happen later. They refunded a loss on 200E for me, though with 200E. Deposit: 300E. The problem is that all my money was gone long before I found this page; you… Read more »
Aayesha Ariana Hong
Guest

yes. I like to know more pls Winifred.

Gunnar Gervin
Guest

Winifred please contact me I cannot get contact with David Petraeus easily without more information. To INSIDE OPTION I deposited 1500 Euro+1500 Euro bonus. They give all kind of issues unabling withdrawals, asking for more money to trade for me with. They don’t seem to be brokers to me, only scammers. The money is supposedly gone; looking at Ayesha Hong and others’ comments about this “broker” company. I will for sure have a rough time to get over this.

Gunnar Gervin
Guest
The problem with Inside Option is that they connect bonus given to deposit made. If 100% bonus then trade volume must be 50 times that. I started with 1500 Euro in bonus, and trades for 75.000 Euros must be made before a withdrawal is possible. If you had 15.000 in bonus(100% on 15000 deposit), your turnover would be 1,5million$ in trades made before withdrawals will be accepted. An Inside Option consultant advised me no bonus, but my greed advised me to take that bonus, which I did. EZtrader says that they will let you take out deposit, but must reach… Read more »
frank schroedl
Guest

In the same boat my friend. In the same boat

Gunnar Gervin
Guest

Winifred I don’t believe you much concerning this Petraeus man, because you never gave any contact point to him nor answer to Ayesha Hong or me.

Gunnar Gervin
Guest

A. Hong
I was advised to frame Inside option for card fraud through my bank. Fraud: “not to service or sell the product promised”. I claimed that seller did not inform me about bonus consequences. Inside Option wrote long bullshit letter ending that they would “show good will”and pay1000€ (75%). I accepted,&promptly got paid.
Gunnar Gervin
PS
I had to:
1. document all emails in case,
2. write formally, short email to Inside Option claiming my refund 1000 € (that I had been promised before in telephone conversation with Jane in account department), with short argument of why I requested a refund.
DS.

Sarah
Guest
All thanks be to God for send Mr David petraeus into my life as a broker.God has really use this man in my life that i am even planning to quit my job and focus on binary trade only i started with $15,000 last week and now in my account i now have $80,000 i was happy when i saw the money this morning Glory be to God for making me Rich. for dose of you that wants to trade i will advise you to contact him so you wont fall in the hands of bastard scammers that eat my… Read more »
frank schroedl
Guest

HAVE YOU TRIED WITHDRAWING YOUR MONEY YET. try doing that before you say all these nice things about him. YEP i got alot of money in my account too. CANT GET IT, AND THEY BLOCKED ME. i really hope your not about to be scammed sarah

Constant
Guest
I give you here a revelation of the scoundrel behind the respectable mask of Michael Freeman. (1) He is without a doubt a conman and crook, who flog the same piece of garbage under different names, such as Michael Freeman’s Binary Options Signals, and none of them works. (2) He is a fake watchdog, in which role he attacks gratuitously the products of his rivals, some of which are much better than the scam crap he is offering. (3) He has several websites using different accounts, in which he conduct conversation with himself, for instance, between the Watchdog and Michael… Read more »
frank schroedl
Guest

Thank you for that well, no brilliantly written piece about the scum bag Michael Freeman. Did he have a bit of an accent, like middle eastern/indian. I RECKON ITS THE SAME BLOKE who is doing alot of these false flag investment companies. MIne went by the name HUGE OPTIONS. I repeat HUGE OPTIONS. nOTHING BUT A HUGE RIP OFF. oH AND PRICKS NAME IS michael muller.

Robert Patterson
Guest

I recently traded with a binary options broker headquartered in Dublin, Ireland by the name of Glenridge Capital. After several winning trades I tried to test the verasity of the broker by making a withdrawal. Neither my Account Manager nor their Support department would communicate back to me so I requested via e-mail to close the account and return my funds. They are non-communicative and clearly a scam brokerage. Please advise your readers to avoid the broker at all cost. Their money will go in but never get returned.

frank schroedl
Guest

sAME HAPPENED TO ME AT huge options (michael Mullar). its probaly the same bloke going under a different trading name. THEY Bastards arent they. IF YOU WANT TO EXCHANGE NOTES, MOST WILLING TO CHAT WITH YOU

OptionsAdvice
Guest

I have never heard of Glenridge Capital and I sincerely doubt it’s located in Ireland. It’s probably fake. It’s extremely important to make sure that you only register at known brokers that have valid licenses to avoid similar things happening.

Thanks for letting us know of this scam and I really hope you have not lost too much money. Unfortunately these scams sometimes manage to sell themselves as legit brokers while in reality they are fake.

Con
Guest

There are many new trading signals providers appearing on the horizon, some good, some not so good and some downright scams, such as Mike’s Auto Trader, which despite it grossly exaggerated hypes has a miserable success rate of 30-50%, at which rate you’ll lose all the money in your trading account in no time, regardless of which broker you use. So keep a wide berth from this fake signals provider!

Lucas Mgidi
Guest

Options Advice
I have just signed up with EzTrader and am not if they are reputable or not. I put in 4 trades the first time and only 2 won, and I put in 4 the second time, and all of them lost. What makes matters worse is they are requesting that I send them a photostat copy of my credit card, which makes me smell a rat. I am writing to you asking for advise if it is a normal procedure with all binary option companies to request for such information.

Thanks and Regards
LV Mgidi

Jemima
Guest

Hi Lucas
Did you find out if EzTrader are reputable? I am in the same boat.

Lucas Mgidi
Guest

Hi Jemima
No, I haven’t found out yet. I have since left them, and registered with another broker.

Regards
Lucas

OptionsAdvice
Guest

Hope you have registered with a different regulated broker and not an unregulated broker. Keep in mind that all regulated and licensed brokers will require you to send the information that EZtrader was asking you. If the broker you have registered at did not ask this information there is a high chance the broker is not regulated and was only interested in you making a deposit (hence, not even verifying you).

Bob Bridges
Guest

All brokers require a copy of your credit card, usually with some numbers blanked out in order to verify your account

OptionsAdvice
Guest

EzTrader is a licensed and regulated broker. All licensed and regulated brokers will requite that kind of information in order to verify traders’ identity. It’s not because of the brokers but because this is required by the regulators as anti-money laundering measures.

It’s safe to send this data (obviously with some numbers blocked) to LICENSED BROKERS ONLY. Do not do this with some unknown and unregulated broker.

Sohurt Trader
Guest

Traderskings ? Scam or not ? 71 Options same group Scam or not ? Spotless Scam or not ?

OptionsAdvice
Guest

All smalltime and unknown brokers/services. I would definitely stay away.

Con
Guest

Michael Freeman must be desperate and is forced to market trading software he once viciously attacked as scams, such as Gold Digger and Virtnest, now that he has realized that there aren’t many takers of his own fake signals, Mike’s Auto Trader.

dcharles
Guest

Micheal Freeman is the man who does all the scam work he act innocent never trust this guy he is the one who promoted the NEO 2 software After trusting him my account was zero Freeman must ban

nigel kingsley
Guest

is the secret millionaire society and it’s 365 binary Option is scam ?

OptionsAdvice
Guest

The secret millionaire society does indeed seem like a scam, yes. Not sure about 365binayoption. It’s an unknown and unregulated broker, so I would stay away.

Binarynewbie
Guest

Anyone has or had experience with Banc De Binary? i didn’t see any mention of that broker in this forum.

OptionsAdvice
Guest

Banc de Binary is a licensed broker but it’s also the one that has the most complaints and warnings from traders. I personally would stay very far away from this broker. They are licensed but they are known for very questionable practices such as very aggressive marketing and convincing traders to make “recommended trades”, which obviously they will lose. This is also the reason I never included Banc de Binary into any of my toplists.

Janne
Guest

I also have bad experience with Banc de Binary. They manipulate the asset prices in a way that most trades loses.

sher
Guest

I am a member of banc de binary and they wiped of mine £5000 in 2 days. I don’t know what to do .

Scamed
Guest
Yes, They wiped me out to the tune of $20,000.00 USD + the additional funds they added of about $13,000.00, in 3 separate trading sessions by my senior “account manager”. I complained to their complaints department siting every detail and the ruthless manor in which my manager traded my funds and lost everything. Then he and everyone else said I should add more funds, they would match amount so I could “recover” my unfortunate losses. Needless to say I did not deposit further funds but insisted they should. And they did finally ($7,000.00). I am now slowly trading on my… Read more »
Martin Williams
Guest

Sounds like OPTION RALLY except they got about 100k!!! the case is still continuing.
it looks like this modus operandi is quite widespread!!
i posted that review here, i think you will find it quite interesting!!

George
Guest
TAY AWAY FROM BANC DE BINARY!!!!!, I have 4 other trading platforms that perform perfectly. The Banc De Binary trading platform is the worst on the net. I have lost many successful trades due to their platform “freezing” When I complained, they blamed everything on me. My Internet connection, my browser, my computer. I done everything they suggested and no change. Then they told me to clear my browser history every day before trading and to refresh the screen every 5 minutes. Get real!!!!. So I done that anyway. I provided them with a video snapshot of a trading session,… Read more »
frank schroedl
Guest
Are you for real mate. I just got scammed by a person who basically used the same pick up line you just blurted out. YOU Mongreals should change your script from time to time. If your doing so well, why dont you retire and enjoy the fruits of your labour. Because you cant, you dont have enough money so you prey on the vulnerable and trustworthy. DONT BELIEVE THIS GUY. aLL HIS TESTIMONIALS ARE FAKE TOO. UNBELIEVABLE. ACTUALLY IT ISNT, IT JUST HAPPENED TO ME. Really almost word for word but a different agency. You know what they say, same… Read more »
Joe Willian
Guest
making a lot of money is one’s utmost priority.and losing a lot of it is something any body wouldn’t want to invest in.i jumped into trading because people are earning a lot of money from b.o,until i lost almost all i had..but thanks to this magical and miraculous machine,which help me to study my trading option, and also helped me to indicate when am losing money and how to hit the B.O option market.should in case you lose your money to a broker it automatically helps to retrieve your lost fund back.i have seen a lot of people suffering from… Read more »
Con
Guest
Sometimes a new signal provider or robot has caught the binary industry by storm, but, when you scratch deeper, you’ll find the rot inside and discover the scammer behind the mask. Gold Digger is a case in point. Despite all the glowing comments posted by traders, most of whom now I suspect are either false comments or posted by their cronies, employees or affiliates. This is how the scam is perpetrated. Their registration form shows you three simple steps to activate your software license , but I could never got past the third simple step of “funding your account” with… Read more »
OptionsAdvice
Guest
Yeah, that seems to be a typical binary options signal scam. You should be concerned by most of the signal products that require you to register at their “recommended” brokers. There are some legit signal products out there but unfortunately most are just scams. You should especially be concerned about the new launches, as in, the products that were launched just recently. You will literally have no way of knowing if they are a scam or not unless you actually deposit and try it for yourself. And most often than not, these signals are indeed scams, so it’s not worth… Read more »
OptionsAdvice
Guest

Lol. Who even uses the name “David Petraeus” for such scams? – Talk about not even being creative. I’m going to keep that comment just because it’s funny.

Con
Guest
An update on fake signals provider Gold Digger. After a lot of hassles and ado, I eventually got access to the promised land of their Members Area, and, to my disappointment, I found their signals the worst of all trading signals I have ever tested. I had only three successful trades out of well over a dozen trades! The results match those of Mike’s Auto Trader; the two could be in a photo finish for the worst signals providers’ race. As I mentioned before,these two scammers seemed to have formed a partnership in crime: Gold Digger used Michael Freeman’s fake… Read more »
Martin Walsh
Guest
I signed up with Optionbit in November 2015. At first, I was trading with one of those robots but wasn’t completely pleased with the results. After a couple weeks, I got a call from Eduard who introduced himself as my account manager. Since our introduction, he has been assisting me with my trading in an incredible way. I have already withdrawn 2 1/2 times my initial deposit and the account continues to grow. I felt obligated to write this review after reading how some of you are trashing this company. It’s unfair to call something a scam just because you… Read more »
Con
Guest
The latest update on the scam activities perpetrated by Michael Freeman: He has recently released a number of new videos on YouTube, with the same old chorus of praises posted by the same old motley mob of paid lackeys, affiliates and mostly his own aliases. It is the same snake oil packaged in different gaudy bottles. Anyone, except the purblind halfwits, can see through the fraud at a glance. Just ask him a simple question: If his fake signals are doing so well, making all his followers hundreds of thousands of dollars a week, why did he bother to peddle… Read more »
Charlie
Guest

This is all bullshit people. This guy himself scammed me $1700 for a so called account upgrade. Everyone stay away from his partner Tom li from tech toms company. All shit and coward thieves

Maxxis31
Guest

Finpari is the worst broker I have used. Every time before my position would expire if I was one pip away and when the clock hit zero and THEN it says validating after it has already hit zero the price would jump up and I would lose. This broker truly disgusts me.

RA archrammadon
Guest
Im playing with finpari currently, got error screen trying to use platform and they didn’t know, but then calimed it is waiting account verification, so sendt really dodgy photo id, so now they want some mythological “ID card” and don’t accept drivers licens coies of bills concession cards with signatures and everything like they want, but NOOOO, they only accet “ID card” not drivers license etc, fucking dumb as, obviously its scam, any wonder how to break even with this gamble. but got a good bonus been having fun once they got photo id and allowed me to play the… Read more »
DoloresM
Guest

How does one get OptionBit to pay out one’s winning or even communicate with one? They have disappeared from the “face'” of the earth and you are promoting for them. They do not pay out one’s winning. I have tried for a week to get my winnings of app $2500 out of the with no communication. Help what can one do cause they are not even registered???

Kali Trips
Guest

Has anyone heard about Broker Official? I’m having some issues to withdraw my money and suspecting is a scam…does anyone have a suggestion in what to do?

DEVASTATED
Guest

DONT ever entertain a company called EDGEDALE FINANCE. they are bad news. will take money and suddenly all is lost. the name oalso associated with it is GREYMOUNTAIN MANAGEMENT! the names of brokers [which I believe are fictitious] are ADAM KLEIN, RICHARD GREEN, SOFIA FOX, DR FRANZ GEORG STRAUSS

rem
Guest

Feel like all binary is scam. yes, dealing with edgedale now. Withdraws look impossible. chatted with exc broker to get license no. ” what good would that do you” was his reply. they gave book money to help make apple trade, now I have to cover book to get $. very shady. think my investment is lost. Thanks to brokers Tom , Adam & manager Alice. Beware. all companies under Gold Horizon , located in granadines. Check fine print.

jed
Guest
22/4/16 Wish to alert you all on the “virtnext” auto-trading software scam. After sign-up, you will have access to the trading login site and main site for a short trading period, then you will not be able to access anymore. Message will appear : “This site can’t be reached”. The “contact” link is also useless. You will not receive reply to your queries, so your deposited funds with their brokers in there are as good as gone. There are also some binaryoptions review sites with the moderators promoting “virtnext”. These moderators will also not reply to your queries, complaints or… Read more »
Larry
Guest

Has anyone had any dealings with BuyerBank? I am dealing with them through a London UK office supposedly. thanks

peter jacek
Guest

pls ppl should ignor these group of persons offering to help recover funds from their brokers, they are also scammers looking for ways to take advantage of ppls frustrations, be WARNED !

peter jacek
Guest

Hi everyone out there, my advise to those who havent made the mistake of trying to trade Binary options is that you should please keep your money for a good physical business, otherwise you are just about to throw your hard earned money away, for those of us who have tried it, it was a hard lesson to learn, thats the reason they go out of their way, do big adverts, and using all available medium to get at unsuspecting people, its a big mistake but the deed has been done so lets move on

Con
Guest
New alert on Neo2, the latest scam concocted by the low-life scammer and thief Michael Freeman: After an unsuccessful career as a fake watchdog, a dud signals provider and a vender of a variety of dirty scams, this common crook had decided to bolster his faltering fortunes by joining force with more successful scammers. First he recruited two fake Russian scientists who own the Gold Digger scam, and now he has added to his team a weatherman, Jack Piers, who claims to be able to predict movements in the currency market with software for weather forecast, what a bad joke!… Read more »
Con
Guest
i m new trader with CT OPTION , when i have made a small profit of 3000 and wish to withdraw 1300, my broker did not allow me to do so and i could only withdraw the initial deposit amount i have made earlier. i am very disappointed and felt cheated at the same time so i just perform a new withdrawal of just 550 (my deposit). what i was shocked to see was my account was INTENTIONALLY traded by my broker to lose all the money including the deposit amount i wish to withdraw and he is not contactable… Read more »
Con
Guest

All.Go.Trade, with broker named MIKE NORRIS, is another irresponsible and snobbish broker. As he knew i wanted to withdraw some funds.He accessed to my account without my consent and open 1 position with all the funds i had. my account became null of insufficient fund. i have report this to Action Fraud Police, UK and i hope Financial Conduct Authority (FCA) and Financial Policy Committee (FPC) will take a necessary action to reduce such fraud activities by such con broker.

Alex Taranenko
Guest

Hei people looks like we have scam protection service here. I mean we have service to take more money from trade victims pocket.

May be time to unite and do something against them. We should start real war on them. What crime brokers afraid? Thirst of all crime don’t like to see their name and companies deal with. Let start war on crime in FB and spread this INFO around the world. Connect to this all institutions who help to develop market crim and government department who protecting this system.

charles
Guest

that is the weapon,, i support we have to from an organisation and ensure that all accounts manager are registered to this body so in sn open case we can hunt them down regulated bodies like lawyers bar consul so accounts manager
database to track them and chargeback

charles
Guest

can i report binary 8 to the action fraud police

SBnor
Guest
UK Options is a scam! Stay away!! It is impossible to withdraw money from an account with UKOptions. They simply don’t respond at all to withdrawal requests. On Feb 25 I deposited €2500 with this broker. I’ve done some trading but not a great amount. My assigned broker tried to make me loose quite a lot of money on the Non-Farm Payroll event in March. However, I had an uneasy feeling, and placed smaller trades than he wanted me to. Good for me. I would have lost €5000 on the signals he gave me. Instead I lost just €500. Since… Read more »
Con
Guest
I have warned people on countless occasions on various review sites about that dirty gang of crooks UK Options, led by a scoundrel named Sean Park, but my warnings have fallen on deaf ears. Well, experience keeps an expensive schools, but some people can’t learn otherwise. Furthermore, this gang of thieves have also formed partnerships with some known scoundrels, who flog dud signals for a living; one comes instantly to mind is Michael Scumbag Freeman, who has promoted the same scam software under different names, the late of which is NEO2. So watch out for this combination of scoundrels: Sean… Read more »
Alex Taranenko
Guest

Does scam in binary options are common practice and nobody care about it? Too many scam brokers not in the list and no victims who return their money. Looks like whole binary market huge fraud for ordinary people.

Trevor
Guest
UBOCapital which is owned by United Bo which is located Seychelles not located in London as the lying Broker Samantha Novak and Account manager Jack Fisher claim to be. This company is a full blown monkey thieving scammer who as soon as you try to withdraw your money lock it away in a long term trade that you cannot get to then refuse to do anything The scam was inti9tialted by Jack who calls you can tells you he will for a one time only give you a full managed Broker account for as little as $250… Then you get… Read more »
Con
Guest
Even regulated brokers can be crooks; they bank on the hope that most of their clients who got scammed would not be bothered to go through the legal processes to recover their funds, especially when the amounts are small. One of these crooked regulated brokers that comes instantly in mind is Digital Forex. I made some money with them and tested successfully the withdrawals. However, after handing out some candies, they asked for much larger deposits, such as 25k or 50k, so they could continue to make profits for me. Somehow, somewhere down the track, they showed their true colors:… Read more »
Mike
Guest

what about .expertoption have anyone here use .expert option before

Charles KRIS
Guest

We have the Binary 8 Account Manager Prince Gonzales Martin Amberg and Miss Beth Miller of Binary8… Total scammers Lost my 1000 usd never be able to withdrawal my deposit But Beth Miller of Binary 8 is okay she was willing to do a barter trade with me
She had sex conversation with me and show her naked body for the 1000 usd Guys check out Beth Miller from Binary 8

Con
Guest
There is a new phenomenon in this murky world of binary options. The scoundrels and villains in this industry, who used to compete with one another have somehow discovered that unity is force; instead of rivaling one another in scamming the public, they have now joint force with one another and perpetrate their dirty work together. Michael Scumbag Freeman, the pseudo Russian scientists who produced Gold Diggers, and the two-bit weathermen who claimed to be able to deliver winning trades with weather charts, are now promoting one another’s scam software; furthermore these lowlife dregs of humanity have also enlisted the… Read more »
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