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  1. #1
    Rookie Member

    Hot Up To Date List Of Binary Option Scams! !!!

    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.

    Newbies in the industry easily give in for these kinds of scams and our aim is to totally eliminate and possibly wipe them out by exposing their dark sides so that every level of trader will have first hand information on how these binary options scams operate.

    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)*
    1. OptionsXO
    2. OptioNow
    3. EZ Binary
    4. XB24
    5. Safe24Options
    6. TraderXP
    7. Banc De Swiss
    8. OptionsXO Amber Options
    9. Vault Options
    10. Option Rally
    11. Royal De Bank
    12. One Two Trade
    13. Golden Binary
    14. OptionMaker
    15. Sycamore Options
    16. 777Binary
    17. Tiger Options
    18. VIPBinary
    19. Option Trader
    20. Global Trader 365
    21. Option Area
    22. NY Stock Options
    23. Trader’s Room

    List of Fake Signal Providers/Services *(Do Not Subscribe to or Join Any of them)*
    1. Hercules Profit Pro
    2. Insured Profits
    3. Tokyo Bot
    4. Wealthy Trader
    5. Legal Insider Bot
    6. The $100K Club
    7. The 1 Percent Club
    8. Daily Binary Profits V7
    9. The Covert Society
    10. Oz Robot
    11. Golden Goose Method
    12. Binary Chaos
    13. Commodity Robot
    14. German Binary Matrix Pro
    15. Millionaires Club
    16. Safe Trader App

    Why all 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 it's 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.

    Many traders have unknowingly fallen into the hands of either scam brokers or signal services all in the name of "trading binary options profitably".

    No matter the type of broker, all of them would require you deposit in order to start trading but only legitimate brokers will allow you to withdraw your funds without any stress.

    The scam broker does almost everything a legitimate broker would do in order to satisfy their clients except of course, during withdrawal of funds.
    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:

    • Lack of good customer support
    • Low quality website design
    • Suspicious video testimonials
    • Non-secured website (i.e. Absence of SSL certified website)
    • Not Regulated by well-known Organizations
    • Mouth-Watering Bonuses

    Domain Related:
    • New Domain Name
    • Alexa Ranking
    • Domain Age

    Best Recommendations:
    • 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 so we can update our list and help others.

    Credit: List of Binary Options Brokers, Signal Providers and Products.
    Last edited by covs67; 09-13-2014 at 08:23 AM.

  2. #2
    Specialist Member LesterK's Avatar
    Thank you for sharing this information covs67! Actually here BOTS is gathering such information for long time and the entire conclusion are publicly available on BOTS site.

  3. #3
    Junior Member
    Is it real or spam?

  4. #4
    Administrator Martin Kay's Avatar
    Im sure the names in this list are not exactly nominees for "most reliable broker" award, however this list was made upon the opinion of the author and only him.

    Overall the tips provided are great, thanks for sharing!

    am not sure if the business room is the right place for this thread, but we do have a link to aff site. more opinions welcomed!
    “Don't believe anything you read on the net. Except this. Well, including this, I suppose.” ― Douglas Adams

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