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.
Currently the most trusted broker in the business is IQ Option. 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 IQ Option. However, since IQ Option does not accept US traders, US traders can check out BinaryMate instead, which is an equally reputable broker with great services and fast withdrawals.
GlobalTrader — You can usually know if a broker is suspicious just by their unprofessional name. GlobalTrader is a name one would choose randomly and quickly when creating a new get-rich-quick scheme and scam. Once the money is deposited, no one will reply to your emails anymore or answer your phone calls. Your money will be gone. 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.
The most common complaint about this broker is complete non-payment regardless of the amount. 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. The trader was refused any compensation.
Binary International — There is not much information available about this binary options broker. 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. 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. While they might not be scamming people directly not paying out winnings etc. 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.
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. Is 24Option a Scam? Is Redwood Options a Scam? Is Boss Capital a Scam? Is Cherry Trade a Scam? Is Magnum Options a Scam? Is Signals 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. 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. 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. We are also suspicious towards binary options brokers that are completely new and appear to be mysterious and obscure. 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.
In this article I will talk about the binary options signal application OneTouch. Find out of this application is a scam or not. In this article I will be talking about the binary options signal service provider called the High Frequency Trader.
This service was launched on August 9 Read this review to find out if this service is a scam or not. 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. Are you still happy with inside option or have you lost all your money?
I see that you have put Option Bot 2. May I ask why would you say so? Because it has been proven time and time again that is simply does not work and you lose all the money you have deposited. For your information, my contacts in the UK advised me that UK Options is not even regulated, though they claim that they are!
If they keep this kind of fraudulent scam going a bit longer, the police will really be knocking on their doors. 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.
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. 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.
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! 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!
I have problem with inside option, Daniel Jackson. My account looks great from 30k starting capital to k. 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. 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. Winifred please contact me I cannot get contact with David Petraeus easily without more information. They give all kind of issues unabling withdrawals, asking for more money to trade for me with.
I will for sure have a rough time to get over this. Hong I was advised to frame Inside option for card fraud through my bank.
I claimed that seller did not inform me about bonus consequences. Gunnar Gervin PS I had to: YEP i got alot of money in my account too. Thank you for that well, no brilliantly written piece about the scum bag Michael Freeman. 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. THEY Bastards arent they. 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. So keep a wide berth from this fake signals provider! 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. I have since left them, and registered with another broker. 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.More...