Binary Options Scams

Hamish Raw
26th February, 2013 - Posted by in Binary Scams


Binary Options Scam Research 2013

Scams1 Binary Options Scams

This section has been especially created to help you differentiate trustworthy binary options brokers from scammers.  Our team of editors and traders are currently researching any existing complaints and issues for all of the brokers in the industry.

On a scale of 1-10: 10 = Scam Broker, 0 = 100% Safe.  A lower score equals a safer and more trustworthy broker.

Please bear in mind that every broker is likely to have complaints of some sort on the internet, either from angry traders losing money or those that havn’t read the Terms and Conditions carefully.  Generally speaking, any brokers with a scam rating of 5 or under are GOOD to use.

Good Binary Options Brokers:

 

Unattractive Brokers:

 

Here you can locate unbiased and carefully researched reviews on all brokers currently active on the market. One of our primary goals is to provide you with the best procedures that you can utilized in order to avoid broker scams and malpractices.

To achieve this objective, we are deploying a methodology that differs substantially from those used by other similar websites. The majority of them tend to be market-oriented with the prime objective of promoting the key benefits and advantages of preferred brokers. They make hardly any attempt to portray the real experiences of traders who have used these companies but, instead, have just focused on the key selling points in order to entice new custom.

In contrast, we attempt to present a more complete picture of reality by producing articles based on the real-life experiences of investors who are or have been registered members of applicable digital options brokers. For example, we are keen to collect the comments from traders about their own binary options adventures so that we can compile as accurate picture as possible of the current state of the binary options market

So, how do we assess the quality of a broker, you may well asked? Essentially, we used two primary tools to enable us to accomplish this task. The first involves the use of our own wide-ranging network of qualified consultants who are well versed in supplying us with comprehensive studies and reviews about brokers and all the latest binary options developments. In addition, we also undertake extensive internet investigations by visiting appropriate review sites, message-boards and Forums, etc.

How reliable are your broker evaluations? We attempt to produce the most current and precise assessments on brokers as possible. However, we are always keen to receive other related points of view just in case we may have missed any important points. Such events can happen because the binary options industry is evolving at such an intense pace presently. Consequently, if you can provide any useful insights then please contact us and let us know. We can assure you that we will always study your comments carefully.

Although we will strive to provide accurate assessments, you must not forget that binary options trading is a high risk venture and may not be apt for all investors. Consequently, you are always advised to perform your own due diligence especially if you are planning to make a real monetary deposit with a broker. The information that is presented here is intended to help you greatly accomplish this mission

Can a broker easily gain an approved rating from you? No, they cannot. In order for them to achieve this status, they must confirm that they have implemented the necessary policies capable of providing a binary options service that complies with the highest level of international regulations and laws. They need to verify that they are fully registered with the appropriate regulating authority operating within their location of residence. Also, we will seek evidence demonstrating that little or none negative comments currently exist on the internet about the said broker.

This section will also review the current regulatory state of the binary options industry as well as reporting on all new developments.  This information is of great importance because the simplistic nature of binary options trading has inadvertently created an environment that is presently supervised by diverse and inadequate regulatory systems world-wide. As such, substantial global initiations are currently in progress in order to correct this amateurish situation by producing a more professional binary options industry. We will keep you abreast of all important developments.

 

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  • Posted May 23, 2013 at 7:07 pm | Permalink

    Hello

    I think that one of the best ways to invest our money are binary options, because with these we can win
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    well.

  • Jamil Lebnen
    Posted June 29, 2013 at 7:39 am | Permalink

    Never ever put money to trade with TraderXp and or Banc de Binary because you will never get back any penny.

  • Infonutz
    Posted August 3, 2013 at 12:12 pm | Permalink

    why 24Option is not listed on Good binary options brokers?

    http://googlebites.blogspot.com/2013/05/top-10-trusted-binary-options-brokers.html

  • tony
    Posted August 5, 2013 at 6:42 am | Permalink

    is n r g option a good company

  • Larry
    Posted May 26, 2014 at 1:50 pm | Permalink

    I opened an account with Goptions, Huge mistake. After finding out that Binary Matrix Pro was not what they advertise to be I avoided them in time. However I did open an account with Goptions. I then decided against this type of trading and requested the account closed. They first tried to talk me out of closing . When that didn’t work they simply ignored my emails altogether. This was two months ago . Now no response at all. They still have my money.

  • bernardmiller
    Posted June 16, 2014 at 9:45 am | Permalink
  • frank
    Posted September 24, 2014 at 10:58 am | Permalink

    does anyone have any feedback on Option Prime (Binary Option brokers)

    • Charles
      Posted September 29, 2014 at 10:56 pm | Permalink

      I open an account in option prime. And I want my money back. It was approve but it didn’t go to my bank account. These guys aren’t doing their job and aren’t help their customers. And no feedback from them too. I replied twice and no response.

  • Bo milos
    Posted October 2, 2014 at 10:35 am | Permalink

    Is option prime a scam

  • Lemmie
    Posted October 19, 2014 at 6:16 am | Permalink

    Australian Market Trading Professionals (AMTP) linked to Goptions avoid at all cost! Biggest scammers. Refuse to return money despite numerous requests. Based in QLD. Keep changing their address. No customer service.

  • JB
    Posted October 25, 2014 at 1:16 am | Permalink

    Avoid FMtrader completely. unethical and scammers. They push you to invest more in account and then give you half training so you lose and invest more. Rude, no support and give wrong signals so you lose money. Their risk free trade is a bait.
    Please add them in the list above at 11/10 :)

  • Chris Engels
    Posted October 29, 2014 at 9:19 am | Permalink

    I think you can put NRG Binary on your list of scammers

  • Vincent Ejimnkonye
    Posted November 16, 2014 at 12:45 pm | Permalink

    Please I need you to check this website 2options.com . Are they register broker?

    • Posted November 19, 2014 at 5:06 pm | Permalink

      Vincent, this is on their website: ‘Powered by SpotOption (Licensed and regulated by CySEC – Registration Number 287875)’. The problem with CySec is that they’ve provided blanket licenses to SpotOption and it is not clear whether 2Option is covered by that license.
      CySec get bored hearing from me so contact them yourself (details can be found at http://www.cysec.gov.cy) and ask them yourself. Please notify this board with their response.
      Hamish

  • Edilberto G Sanico
    Posted November 17, 2014 at 10:53 pm | Permalink

    I am asked thru the phone by Nicholas “Nick” Baily of OptionRally to reveal my Credit Card information. When I researched on the net, this CONSTITUTE PISHING. Am I in danger of potential CREDIT CARD SCAM? Any review about broker Nick Baily and his company? If there is no broker by that name, I AM REPORTING A SCAM.

    • Posted November 19, 2014 at 5:00 pm | Permalink

      Edilberto, I am writing an update on OptionRally at the moment. But irrespective of what conclusions I draw, OptionRally are regulated by CySec. If you have any complaints then complain to them. Quite frankly, reporting a scam in a blog on the internet simply does not work. Different brokers write up scams on competing brokers, losing traders write that the broker is a scam when the trader is simply a loser……..just too much bullshit gets written on the web to take it seriously.
      So, 1) use a regulated broker (like OptionRally) and 2) complain to the regulator.
      Cheers,
      Hamish

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