Binary options scams

binary options scams Binary Options Scam - The Shocking Truth. A binary options scam is something anyone can avoid with the right information. Due to the amount of binary options brokers out there, it is very important that you know exactly who to trust and what to expect. So, how can you prevent a scam from happening to you? Don't sign up to a broker that is from a country which does not have a strong regulatory system. There's no point in having the best binary options strategy if the broker you are working with is not carefully regulated.

This can lead to problems with withdrawing funds, slow trading platforms that get stuck and may result in you losing your money, little to no customer support, and the list goes on. Look out for different binary options complaints about the broker you are interested in joining. If you find any negative comments or scams about the broker, then you need to be careful. If, after doing all your research, you find that this binary broker has not responded to the negative comments out there, then it is advisable that you reconsider joining this broker since this shows that this broker is not active in fixing problems or improving their reputation. Try before you buy - it is important to test out the broker before you make any financial commitments. You can prevent a fixed return options scam by seeing if the broker's platform has all the useful features necessary to compliment your binary options strategy, responds quickly, answers your questions and offers you professional and reliable advice.

Join forums or chat rooms and see what binary options scam is currently being discussed. You will be amazed how much information you can collect from other people's experiences by simply asking around. You can also apply similar steps of caution if you are thinking about joining a particular binary options signals provider. Common Binary Options Complaints.

Here are all the main scams that you should be aware of if you want to become successful in binary options trading Credible binary options brokers are registered with trustworthy bodies and thus are transparent about their activities. If you therefore come across a broker that lists down non-credible regulatory bodies, or is not registered with a professional body at all, then this is likely to be a scam. You should also be aware that not everything is as it seems on the surface. For example, some brokers will use deposit bonuses with unfavourable small print terms to try and encourage you to join their site. It can be really frustrating if a broker promises a big sign-up bonus and then later you realise that you need to make two times or even three times turnover before you can have access to your bonus money.

So, you will have to risk two to three times the amount of your original deposit before you are entitled to your bonus money. Although this is not necessarily a binary options scam, it is something that you can easily be tricked into if you are not careful. A binary options scam out there that you should be aware of is Terms & Conditions manipulation. You see it is very hard for you to develop any trust with any broker if they have the power to change their Terms & Conditions at any specific point. This is why it is essential that you look out for clauses in their Terms & Conditions that allow for retroactive changes, particularly regarding payouts.

There are many binary options complaints out there that can be avoided just by becoming a little more savvy. So, now that you know how to avoid a digital options scam, here is one simple step you can take to find the best brokers out there Check out our up-to-date review page where we list the Top Regulated Binary Options Brokers currently in the market. For example, all Banc de Binary reviews are very positive and they have never been linked to any binary options scam, so you will find that they have been awarded a leading position on our list. To carry on becoming more savvy about binary options trading and how to avoid ever experiencing a binary options scam, simply carry on learning new material from OptionsBee . Choose your Binary Options broker wisely!

Binary Options trading has become very popular in the past few years. Today there are over 350 binary options brokers that you can open an account with. However there are some dishonest brokers, who may manipulate prices or won’t let you withdraw your winnings. That’s why it’s important to choose your broker wisely before you begin. Our team of experienced traders has made investigations on many brokers, and it’s recommended that you read them so you can choose the best broker for you.

Safe & Secure Brokers September 2017. Don’t see your broker? If you don’t see your broker in the list above, it might be a scam. To avoid any problems, please signup for our regular scam investigation newsletter. We will investigate the broker as soon as possible and publish a review on our site and facebook page.

Additionally, we will send you the result via email. Alternatively, you can Proceed To Safety and visit #1 Scam Free Broker. 3 Tips to Avoid Binary Scams. Many Brokers and Autotrading systems are advertised via email and on the Internet. During our experience, we have seen many, many sites. And also we opened real money accounts with most of the systems in the course of our investigation activities. Grab these 3 tips and avoid scams TIP1 Signup for our Scam Investigation Alerts newsletter! A good place to start is our site – Read expert reviews OR if you cannot find your binary options broker, use our newsletter and recent posts feed to get regular updates. We will start the investigation and send you the results via email. Keep in mind that we always give traders the advice to stick to our Recommended Brokers’ List . TIP2 Try Before You Buy – Get Your Risk Free Trades! The Risk Free Trades are a huge improvement and this is the best way to get started with binary options trading, preventing you from losses. This means no matter win or lose, the trade is in the house! It is very rare to find a broker that offers risk free trades. However, there are few binary brokers providing this kind of opportunity TIP3 Choose a Regulated and Authorized Binary Options Broker. Thanks to Is-Scam. com you can now easily avoid scams and dishonest brokers. Our team gives you the list of TOP regulated brokers – authorized to offer binary options trading to traders around the world. NOTE Regulated brokers provide security to traders and are licensed by the financial authorities . Broker Reviews Full List. There are hundreds of binary options brokers offering their services online. Despite our best efforts there are still scam brokers out there that haven't gone out of business. Additionally new brands are launched every week making new entries appear in the list below regular task for us. Don't miss to visit the Top Rated Brokers page at Is-scam. com, you will access details about which binary option brokers the people choose to trade with. Below you can see a list with all the broker reviews we have currently. All of them have been thoroughly investigated based on our procedure for ranking so you can trade safe ! If you are planning to trade with a broker, and you don't find it in our list, we highly recommend submitting a scam investigation request first. The list of binary options brokers reviews is sorted in Alphabetical order to facilitate your search. 10Markets is amongst the new brokers that you can make your investments in the online trading platform. Its reputation and promised trading profits using their platforms earns it a scam investigation. – Read More. Read 100% Objective and Detailed 10Trade Review. Complaints, Withdrawal Problems & Promotions. Free Scam Investigation Results – Read More. Check This 100% Detailed Review of 24Option. Binary Options Broker Established in 2008. Complaints, Withdrawals & Promotions – Read More. 24XP claims to be E. U regulated so, we cannot call it a scam. However, the truth, is our team has not yet found this information to be. – Read More. Is 72Option a Scam or Trustworthy Broker? Read Detailed & Objective 72Option Review See 100% Real Traders’ Comments & Complaints 72Option Withdrawal, Deposit & Bonus – Read More. This is a new binary option broker. They have got trading options but there are no different from what other competitors in the industry can offer. In order for you to sign up. – Read More. This is one of the new binary options brokers in the industry. They have got trading options but they are no different from what other competitors in the industry offer. They show. – Read More. Amber Options Review. Amber Options is a binary options broker that promises 85% profit in 1 minute. However there are several things about this broker that raise a red flag. For example there. - Read More. Check This 100% Full & Honest AnyOption Review. See Minimum Deposit, Withdrawal Issues & Complaints. Is AnyOption a Scam? – Read More. Banc de Binary Review. Read 100% Expert and Full Review of Banc De Binary. Get 3 Risk Free Trades, 100% Bonus and +180 Assets. Minimum Deposit & Complaints – Read More. Base2Trade binary broker started working after registration in Anguilla. Web portal uses platform of “O-systems engine” which is different from SpotOptions. - Read More. BeeOptions seems to be picking up the pace of the network pretty nicely as they are being able to provide the SpotOptions platform for trading. - Read More. Experienced and wise financial team can not only assist an inexperienced investor in the trade world but also educate him, and this has been a slogan of. - Read More. BinarinG is a new binary options broker that aims to provide excellent trader experience to its clients. Their goal is to offer user friendliness, high level of. - Read More. BinaryBook is a new broker established in 2014 owned by WSB Ltd. On their website we couldn’t find any address or more information about the broker and the company . - Read More. Binary Brokerz Review. Binary Brokerz is a new binary options broker and have just set up operations in 2014. Their trading platform is owned by DSMG UK. This London, UK based company is . - Read More. Binary International Review. Binary International is a binary options broker that is owned by NeuroTech International Ltd. Their physical address is at the Babrow Building, The Valley, British West Indies. - Read More. Is BinaryTilt a Reliable Binary Broker or a Scam? 100% Honest BinaryTilt Review – The Truth Exposed! Minimum Deposit & Withdrawal Issues - Read More. Binary Uno is a newly established broker in the binary options industry having started their operations in the year 2011. This is why much is yet to be known about. - Read More. BloomBex Options Review. Regarding the BloomBex broker, different traders hold different sorts of opinions. Some say that they have had a good experience while some say. - Read More. BMBOption or also known as Benedict Morris Binary Option is a new entry on the binary options market. The site is available only in English and. - Read More. Can Boss Capital be Trusted or is it a Scam? How to Get 10 Risk Free Trades and 100% Bonus? Withdrawal Problems, Regulation and PayOuts - Read More. Brokerage Capital Review. Brokerage Capital is based out of Cyprus and utilizes the Tradologic Platform which is not quite popular among the brokers. But this platform has some. - Read More. CapitalBankMarkets Review. CapitalBankMarkets is a New Binary Options Broker Read 100% Updated CapitalBankMarkets Review – Is This Broker Trusted or is it a Scam To Avoid? Minimum Deposit, Platform & Bonuses. - Read More. Cedar Finance Review. Is Cedar Finance a Regulated Binary Options Broker? 100% Full Scam Investigation – See What We Found! Withdrawal Terms and Minimum Deposit - Read More. Is CherryTrade Safe and Regulated? Read This 100% Detailed & Full Review. How To Get Your 5 Risk Free Trades? Complaints, Withdrawal Terms & Bonuses - Read More. ChromexCapital Review. Chromex Capital is not a broker that is widely known among traders. One of the reasons could be that they are not regulated. They don’t hold. - Read More. CiTrades is online, web oriented portal for binary broker options, apparently devoid of any kind of software, and offering more than 70 percent profits along with. - Read More. Core Liquidity Markets Review. Core Liquidity Markets offer a marketplace for private investors, new brokers, and high-frequency traders likewise, providing faster execution. - Read More. Check This 100% Detailed Review of CTOption. Binary Options Broker Since 2015. US traders Accepted. Complaints, Withdrawals & Promotions - Read More. CVCoption is a binary options broker that was founded in 2014. It is owned by CVCoption Limited with headquarters at Global Gateway 8, Rue De La Perle. - Read More. Edgedale Finance Review. Edgedale Finance is a binary options broker that has been serving traders for more than five years. They have one mission and that is to make. - Read More. Elite Options Review. Elite Options is not a regulated binary options broker. They are not licensed by CySEC or any other licensing authority. This only means. - Read More. Founded in 2010, EmpireOption is a binary options trading broker that is based in Uruguay. It is 100% web based which means there is no need to download and. - Read More. EveryOption is one of the newest binary options broker to get involved in the binary trading industry. The binary options trading platform is managed by. - Read More. Is FinPari a Scam or You Can Trust This Broker? Read the 100% Full & Unbaised Scam Investigation! FinPari Minimum Deposit & Promo Code. - Read More. FTrade is a fairly new binary options broker that was established in 2014. They are owned by Binext Global Ltd and located at 201 Rogers Office Building. - Read More. Established in 2011, GFM Trader is an online binary options broker that is based in London, UK. We have heard that this company has been established by traders so. - Read More. There is no evidence of trading available about this binary options broker that proves if it is actually worth your investment. Our team was unable to find a. - Read More. Is GOptions Regulated and Safe Broker or is it a Scam? How to Get 5 Risk Free Trades and PayOuts Up to 90%? Withdrawal Terms, Complaints and Minimum Deposit - Read More. Is HighLow a Safe and Trusted Broker or Is It a Scam? Check This 100% Unbiased HighLow Review. Minimum Deposit, Promotions and PayOuts - Read More. Huge Options is one of the latest binary options brokers in the industry. The broker was launched in 2015 and is owned by Huge Ltd and is. - Read More. ICOption is not a new player on the market, but there are a number of things that raise suspicion about them. Information about the company is not available on their website and we also. - Read More. Imperial Options Review. Imperial Options is a relatively new binary options broker on the market. Within this short time frame they’ve created quite a buzz. This is why we did some research to. - Read More. Our team conducted a thorough research of the binary options broker In2Markets. After testing their deposit and withdrawal procedures, their trading platform and. - Read More. Inside Option Review. Inside Option is a binary options broker with a trading platform that has expertise in helping people to trade binary options, a particular type of time sensitive. - Read More. Interactive Options Review. Interactive Options has been a binary options broker since 2013. On their website it’s stated that they are owned by Pegase Capital Ltd and it is. - Read More. IQ Option was created in the year of 2013 and operated by Alta Vista Trading Limited located in Seychelles. The IQ option brings a new. - Read More. Can Ivory Option Be Trusted or Is It a Scam Broker? Check Out Ivory Option Minimum Deposit, Features & Withdrawal Terms! - Read More. Magnum Options Review. Magnum Options Traders Share 100% True Experience. Is Magnum Options a Scam? – We Found Out The Truth! Complaints, Withdrawal Problems & Minimum Deposit - Read More. Market Options Review. The Market Options broker is situated in 6 London Street, second floor, Paddington, UK. Having such a prominent address for contact usually suggests that. - Read More. Markets World Review. Finding a good binary options broker is no easy task and given the fact that there are so many of them operating online, it takes a lot of insight and experience to. - Read More. Master Option Review. In the last few years there have been many new binary brokers joining the market. Master Option is among those few. It is owned by a company named BBM services. - Read More. Max Options is a broker based in Switzerland. MaxOptions has not managed to become regulated for many years. This broker does not offer any . - Read More. MayFair Option Review. MayFair Option are brokers for binary option trades and considered as one of the best brokers having well established compliance service analyzed by. - Read More. Our team of experts took a careful look at all the services offered by NADEX. After testing their deposit and withdrawal procedures, the trading platform and. - Read More. No1Options is a binary options broker established in 2013. It is owned by SHOF Marketing Ltd, with a physical address at 201 Rogers Office Building, Wallace. - Read More. OBMarkets is 100% Scam Binary Options Broker! WARNING Issue, Withdrawal Problems and Complaints. Scam Investigation Results. - Read More. Olymp Trade is a binary option broker established in 2014 with similar features and platform developed for trading online. The broker’s site is available only in. - Read More. OneTwoTrade is a binary options broker founded in 2011 and it is owned by Up&Down Marketing Limited, located in Malta. They are licensed by LGA and. - Read More. Opteck broker has been operating since 2011 and brought a reputation to the binary option trading company. It offers “free registration” (why free?) and. - Read More. Option500 is quite a new binary options broker, but it already gained some kind of reputation. Simplicity of trading – these words are supposed to be the main features of. - Read More. Is OptionBit a Scam Binary Options Broker? Check This 100% Unbiased and Full OptionBit Review. Withdrawals, Regulation and Bonuses - Read More. OptionFair gives a fair chance to all its traders for learning the market, by giving them a chance to trade with a demo account as well. Having a demo trading. - Read More. Read 100% Expert and Full Review of OptioNow. Can You Get Risk Free Trades and 100% Bonus? Minimum Deposit & Complaints - Read More. Is OptionRally Broker To Trust Or a Scam To Avoid? Find Out in This 100% Detailed OptionRally Review. Complaints, Withdrawals, Bonus Policy – Full Scam Investigation - Read More. OptionRidge is a binary options trading broker that offers a variety of trading options. They have assets to choose from which includes a variety of stocks, indices. - Read More. Option Stars is a relatively new binary options trading broker. The company was founded in 2015 and it is owned by Novox Capital Ltd. The company is based in Nicosia, Cyprus. - Read More. To meet the needs and requirements of diverse groups of traders OptionWeb has designed 6 different account types. The Starter, Standard, Silver, Gold and. - Read More. OptionXO Scam Review – 100% Honest and Objective! What Professional Traders Share About OptionXO? See Withdrawals, Complaints & Bonuses. - Read More. OptionXL is one of the new binary option brokers of the industry today. They have got a software known as the Spotoption which is recognized by over 4 languages i. e. Arabic, English, French. - Read More. Porter Finance Review. Porter Finance Review – The Truth Revealed! Is Porter Finance Legit? 100% Real Expert Experience. Withdrawal, Minimum Deposit & Bonuses. - Read More. PWR Trade is a binary options trading broker. Their trading platform is powered by SpotOption with features that traders can take advantage of. The platform is . - Read More. RedWood Options Review. RedWood Options Scam Review – The Truth Revealed! Is RedWood Options Legit? 100% Real Experience. Withdrawal, Minimum Deposit & Bonuses. - Read More. Safe Option is a broker on the market of binary options trading platforms. They provide online trading services to anyone interested in investing with them. - Read More. When it comes to payments, SafeKlik offers a limited number of options. These include credit cards, debit cards and bank transfers. Currently, they don’t offer. - Read More. It is generally advisable that when you see a binary options website which has phrases like “Get 100% bonus”, you should stay away from it. Consider it this way Does any. - Read More. These days many promotional reviews are available on the Internet. These may lead you to think that Spear Trader is one of the best binary options trading platform. But don’t be fooled. - Read More. Is SpotFN a Scam or is it a Regulated Broker? Read 100% Honest & Detailed SpotFN Review. Complaints and Withdrawal Issues. - Read More. Check This 100% Detailed StockPair Review by Experts. Find Out – Is StockPair Regulated or is it a Scam? Minimum Deposit, PayOut & Bonus Terms - Read More. StratXMarkets Review. Those who are looking for a platform to start trading might have come across StratXMarkets. Is this system even reliable? Will I be wasting my time and money if . - Read More. Can SwiftOption be Trusted or is it a Scam? Check the 100% Exclusive & Detailed SwiftOption Review! Withdrawal & Demo Account at SwiftOption - Read More. Is TopOption a Scam or a Legit Broker? Read 100% Real Experts Review & Scam Investigation. Bonuses, Withdrawal Issues & Complaints - Read More. TradEqual is a Binary Options Exchange Platform Is TradEqual Legit or is it a Scam to Avoid? Read 100% FREE & Detailed TradEqual Review Write & Sell Profitable Binary Options - Read More. TradeRush Full Scam Review by Pro Traders. The 100% Truth Exposed – Is TradeRush Scam or Legit? Withdrawal, Minimum Deposit & Promotions - Read More. Check This 100% Detailed Review of TradeThunder. Binary Options Broker Established in 2015. US traders Accepted. Complaints, Withdrawals & Promotions - Read More. Launched in 2005, TradeKing is a US stocks and options broker that is based in Florida. According to the founders, TradeKing is a compelling new alternative that can. - Read More. TR Binary Options Review. Is TR Binary Options a Trusted or a Scam Broker? Check 100% FREE & Detailed TR Binary Options Review – Minimum Deposit, Withdrawals + Bonuses - Read More. TropicalTrade Review. Is TropicalTrade a Scam or Trusted Binary Broker? Read 100% FREE & Detailed TropicalTrade Review. TropicalTrade Minimum Deposit & Withdrawal - Read More. In this review, we will take a look at Ubo Capital to find out the truth about it. It is fairly new in the industry and that is why many people wish to know more about it. It is owned by. - Read More. Launched in 2011 and owned by UTrader Day Dream Investments Ltd, UTrader is an experienced binary options trading broker. Their trading platform is. - Read More. V8Options provides a binary options trading platform for your investment. It has got a well designed website, but that has got a low user experience because of its not so easy navigation. This actually. - Read More. Verum Option, owned by Coylton Services LP, is a Russian binary options broker that also accepts traders from around the world with the exception of several countries like. - Read More. VIPOptions is an online binary options broker that was founded by a team of traders in 2011. They provide traders with a range of assets from categories including. - Read More. Binary options trading allow you to trade online where you make investments with minimum risks and get potentially high profits. VXmarkets is a platform that offers binary options trading. - Read More. The WMOption’s trading platform leaves a lot to be desired with it’s not very user friendly interface. You first have to choose an. - Read More. ZoomTrader is a binary options broker that provides an easy to use, but technologically advanced and powerful trading platform to traders around the world. As ZoomTrader’s goal is to make. - Read More. Is-Scam Free E-book “How To Avoid Scams” To learn more, Download our free e-book “How to Avoid Binary Scams”. To do so, simply subscribe to our newsletter and get access to Exclusive content & Scam Alerts. Trading Binary Options Online is a convenient way of making money on the Internet. However, you need to be very careful when choosing a binary option broker. We have an extensive article on how to choose a binary broker, see here. Many of the binary offers are advertised via email. If you are not sure about your offer, you can sign up and receive regular scam investigations summary. Binary Options Mentors. OptionBot 3.0 Review – Another Scam? Yes! Find Out Why! One of the latest trading software of Binary options is Optionbot 3.0. It has lots of promising features that make this one of the best trading software. I have come across many clues that say that it is legit and some others that say that this is a scam. Well, many people have come across. Push Money App Review – Scam System Detected. Push Money App is one of the self-claimed legitimate automated trading software systems which we believed to be a neat and clean SCAM system. The name is recently spread over the binary options trading industry as some people are reported to be lost their hard-earned money with Scam systems like Push Money App. It’s really good. Copy Buffett Software Review – Is Copy Buffett Scam? Copy Buffett Review If you are an online trader or have an interest in binary options trading then definitely you will be heard about Copy Buffett software. It is considered to be one of the best legitimate binary options auto trading Softwares available in the market. This software is designed on the basis of the trading technique. Cash Formula Software – You Should Avoid It Completely!! Here comes the another scam software in the market which is designed and developed only to harm you by fooling you and taking all your money. Today I am going to talk about the new software, and that is Cash formula which is very well designed to fool you and take all your money from. What if you could recover the money you lost from. Binary Options Scams? Is it possible to get my money back? YES! You might feel lost for hope. After all, it is incredibly frustrating when no one answers your calls, leaving completely in the dark with all your money gone and no one to help you. Filing for a chargeback is also time-consuming and 910 a lost cause. That is where we come in! With an 82% success rate , and the option of no win, no fee, we fight for you! We can get you your money back from binary options scams with a 91% success rate of recovering 100% of your deposited money. Recovering your losses with Winchargeback. Our team is collated by industry professionals who know exactly how to get your money back in the shortest time-frame. Unfortunately, too many people have fallen victim to the vast array of binary options frauds , resulting in large losses, some accountable for life-changing consequences. Our goal here is simple, we will fight for your rights and get your money back, fast. We use highly targeted and strategic methods which allows us to take back control and expose their flaws, making us almost unbeatable. Our years of expertise grant you the highest success rate of 82%. Is there such thing as a ‘good Binary Options’ firm? NO. Unfortunately, regardless of what you have been told, there really is no such thing. Binary Options is a complete scam, whilst you may have withdrawn money at some point, most withdrawals are forbidden, due to the unrealistic bonus contracts that tie you in for up to and over a year. In between that time-frame they will cause you to lose all your money with extremely high-risk and robotic algorithms. Be warned that Binary Options Scam is currently banned in Belgium, with France and other European countries to follow. Also in Canada, Australia and more… The Binary Options industry are scamming millions, we can provide you with the ugly facts here. DO NOT invest with binary at any cost. They are 100% fraud . Is there any risk involved? We have various plans on offer to you from NO WIN - NO FEE all the way up to full legal representation. Simply pick your plan and we will pair you with a member of our team who will assist you in every way possible. Determine which plan is best for you here or call us today. SCAM Brokers Pray You don’t Join us today! Is-Scam. com is a binary options scam investigation hub. Our team of expert traders deals mainly with various automated robots to ensure that they are not SCAM. The binary options industry has a good amount of SCAM systems, as well as brokers. Our goal is to ensure that they are exposed on this site, and traders are protected. To find out if a certain software is legit or not If you cannot find the system you are interested in, submit your e-mail and you will get exclusive news and scam alerts. You can also submit a request for us to research a given robot. Our trading experts are most likely investigating it right now and we will send you the results as soon as possible. Just fill out the form on the right and sign up for free. For your safety we have tested and approved already the robots listed below TOP ROBOTS September 2017. But What Are Binary Option Robots? There is no clear statistic how many are the binary options robots currently operating in the industry. Many more join the market every day. Each is a challenge to determine whether it is scam. We keep constant watch to make sure we do not let scam robots go unnoticed and we expose them before they manage to destroy your investments. Binary options robots gradually gained popularity. Active traders seek them to automate their investments, while beginners rely on their autopilots in order to participate in the investment world without having skills or financial knowledge and experience. That is why it is so easy for fraudsters to scam people. But reliable trading robots can really enhance your trading and investments, helping you to reach a level of financial stability most people can’t afford. Are Binary Options Robots SCAM? Even the best binary options robots can sometimes be marked as SCAM. Our goal is to provide comprehensive robot reviews based on real trading experience. Only then we can be 100% sure if a certain robot engages in bad practices. Of course, there are people that lose their investment and tend to blame a robot about it. We aim to find out the details on both sides before coming to a conclusion. The binary options industry is one of the fastest growing businesses in the financial field. That is why it is sometimes possible that some scammers try to enter the market. We want to help you by identifying those bad players and prevent bad experiences. Our team of binary options traders has over 50 years combined experience in the financial markets. We know how to spot scammers. Learn How to Avoid Scams. People do not research enough before signing up for trading robots. And this is a crucial part of success. The Is-Scam. com’s mailing list will provide you with the latest information on various robots’ legitimacy, if you sing up for it. Reading reviews can save you a lot of trouble. Look for other traders and investigators’ opinions on the binary option robots you are interested in. This way, you will be able to get a better idea of the quality of service offered. There are also additional signs you can look for to determine the reliability of a certain trading system before actually signing up for it Scammers make unrealistic promises – there isn’t a system that can turn you into a millionaire overnight. This is the simple truth, no matter how hard you want to believe the claims of certain people. Scammers claim unrealistic accuracy – even a flawless robot will lose from time to time. It might not be the robot’s fault, but the bad Internet connection you currently have. Nonetheless, you must be prepared that apart from gaining some, you might lose some as well. Scammers work with scammers – when signing up, you will be connected to a broker, recommended by the system. Make sure you investigate these brokers as well. Even though a system might be a good and properly working one, there is no guarantee that your experience won’t be ruined because of the broker. For making it even easier for you, our Is-Scam. com investigation hub also reviews and researches into the authenticity and reliability of binary options brokers. The Importance of Binary Options Brokers. Even if you trade with a binary options robot, all connect with brokers, compatible with them. This is due to the fact that robots require their infrastructure and influx of information to make calculations and suggest winning trades. Deposits and withdrawals also go through the brokerage account you open upon claiming a license for a binary option robot. This is another reason why the brokers should also be reliable. The Binary Options Blacklist with Reviews & Ratings. The Blacklist – Brokers To Avoid. Helping you avoid the scam brokers and find the legit ones is why we created the trader driven Binary Options Blacklist . We welcome you to our virtually ‘no holds barred’ ratings, comments and broker reviews website. The binary options industry experienced an increased in popularity lately. Traders from all over the world now have access to an industry that prides itself as being the simplest form of trading. Yet, there’s a lot of controversy surrounding it. Many brokers simply fly under the radar. Meaning, they’re not regulated. Others, simply don’t operate legally in a country or territory. For this, they use offshore companies. In other parts of the world, trading binary options is simply illegal. It’s not allowed for a broker to offer the services. Moreover, on top of all these, in most of the countries in the world, there’s no legislation. Because of that, brokers found an opportunity to profit from people’s desire to make a quick buck. As such, the industry is plagued with scammers. Not all brokers fall into this category, though. Many of them run eligible businesses. However, the problem comes not from the broker’s side, but from the traders. Traders have the impression binary options is an easy game. First, this is not a game. Second, it can be anything, but trading binary options is not easy. When compared with other financial products and financial sectors, trading binary options comes with a handicap. From the start, the traders must use a risk-reward ratio that is unfair. To put this into perspective, imagine the Forex industry. Any serious trader doesn’t even think of going in a trade without 12 or more as a risk-reward ratio. This means that for every pip or amount risk, the expected reward is minimum two times. This gives room for error and allows traders to incorporate losses while the account still grows. In the binary options industry, the maximum reward is around 90%, with most of the times the rate or return being well below this number. From the start, traders face tough conditions. What Are Binary Options. In principle, trading a binary option is a super-simple process. Or, at least, it should be. All you should do as a trader is to guess the direction of a market or financial product. Namely, if you think the price of an underlying security will move to the upside, then you should trade a call option. On the other hand, if you think it will fall, you’ll trade a put option. Note that you can only buy an option. A put for a bearish setup and a call for a bullish one. When compared with Forex trading, the difference is that a Forex trader buys or goes long, and sells or goes short. Still, heshe needs to give the general direction. Moreover, when it comes to binary trading, traders must set an expiration date. In fact, a binary option has two elements traders need to decide upon the striking price and the expiration date. No only traders need to indicate the direction (that’s the entry price or the striking price), but they need to indicate a point in time when the option will expire. In plain English, a point in time when the comparison between the striking price and current price will be made. Based on the outcome, it is said that the option expires in the money or out of the money. The pros of trading binary options come from the simplicity of the product. Moreover, with a sound money management plan and avoiding short-term expiration date, trading binary options is a nice way to diversify a portfolio. Unfortunately, the cons overcome the pros. Because traders need to indicate the time element. The holy grail in trading is price and time, and binary options include them both. Binary Options Scams, Ripoffs & Bad Trading Sites. As mentioned earlier, the industry is plagued with binary options scam brokers. Because of this, it is very difficult to read a positive review even for good brokers. Traders must know one thing in advance a broker must be regulated. This is not valid only for the binary options industry. In general, if you place your money in a trading account, you’ll want that entity to be regulated. The financial authority that regulates a broker gives a license number. To be regulated, the broker must follow specific rules and have a specific conduct when doing business. The license can be suspended if the financial authority finds out otherwise. Unfortunately, regulation costs money. It is an expensive process and brokers don’t like spending money if they can find other ways to attract traders. As such, they register the company in an offshore environment, without being regulated by a financial authority. From this moment, scamming people is quite easy. The most popular and “legal” way to scam traders is to offer them a welcome bonus. This is similar to the Trojan horse in the Greek drama story. The thing is that the brokers offer the bonus but tie it up to a super-unrealistic trading volume. In other words, traders can’t even withdraw their deposit, until the trading volume is reached. Needless to say that the more you trade, the more risks you’ll take, and, in the end, the chances are with the broker, meaning traders will lose their capital. Statistically, in Forex trading, over ninety percent of retail traders lose their first deposit. In binary trading, the chances are even bigger than the ones in the Forex industry. A bad trading site doesn’t make public the registrationregulation number. That’s the first sign the broker is not trustworthy. We use the comments here on the binaryoptionsblacklist. com to rate and classify different brokers. A green badge means the broker is trustworthy, according to the median of the comments here, and is verified. An unverified broker gets an orange badge, while a scam deserves nothing but a red badge. Approved – A green badge means this is a broker that we trust. We would and or do trade with today. These are the current leaders of the binary options industry, & where the majority of traders are trading today. They have a positive reputation in general, a track record of integrity, fairness and competitive returns. We feel most confident trading binary options at these sites. Use Caution – A yellow badge means that we have not done enough research to decide on this broker yet. This is a broker that has been recommended by others as a place to trade. There was not enough info to make an informed decision about the broker to rate them green or blacklisted. Comments and trader reviews highly encouraged on yellow rated sites to help educate everyone and update our ratings. BlackListed – When a broker has the blacklisted red badge this means that we would not trade there. There is enough negative information found through our research that we decided this is not a binary trading broker that we would feel comfortable depositing money at. Since we would not deposit our money there, they get the Black List badge. Binary Options Trading Sites Listings – How We Get Our Top List. Without being regulated, a broker will always have a dark shadow on its name. The purpose of regulation is to protect customer’s interests. A good example comes from the Forex industry. When the SNB (Swiss National Bank) dropped the peg on the 1.20 floor on the EURCHF pair, many brokers went busted. However, because they were regulated, the clients could receive the money from their trading account. It took a few months, but the whole process was well-communicated and there was never a shadow of a doubt that the financial authority would not step in. As such, regulation is a must. Regulation comes with specific conduct. A broker cannot simply do what it wants with the funds it receives. Tougher regulation comes with segregated accounts. It means the funds deposited will not be touched by the broker. They’ll be deposited in a separate, segregated account at a custodial bank. The broker will only earn from commissions and fees. This way, everyone’s interests will be aligned in the same direction. A good broker doesn’t have a minimum deposit. Or, if it does, it is quite small. They leave the option in the hands of the trader and use the time they trade to offer the best possible trading experience. Starting with the opening of an account process and ending with withdrawals, there should be no flaws what-so-ever. Typically, a good broker will have good reviews. However, even reviews are sometimes scams. Because of the tough competition, people are sometimes paid to say things about a broker. Other things like the possibility to trade on a demo account, to choose if you want a bonus or not, if the broker offers a trading app or not – all these are part of a good broker. However, everything comes after regulation. Scam Brokers and Claims of Fraud and Theft – What Is Really Going On? Unfortunately, the binary options industry has a bad reputation. The problems start from the way the industry is advertised. Traders should know that buying a call or a put option requires the same strategy as buying or selling any financial product. Therefore, everything is the same. While traders know there’s a lot of risk involved and succeeding in financial trading is not an easy task, the binary options traders fall prey to false advertising. How many of you saw at least one commercial in your Inbox or online saying that the lady that sells groceries just made a profit of a thousand dollars in a day? Probably all of you. Now, let’s try to keep it real. Why would anyone advertise like this? Moreover, why would anyone believe this is true? In fact, binary options trading is no different than Forex trading, or CFD’s, Stocks, and so on. The process is the same traders use technical or fundamental analysis to buysell a financial product. What makes binary options even more difficult is the time element. Traders must choose an expiration date for their option, on top of the right direction. Most of the binary options blacklist brokers end up stealing people’s money. They have aggressive selling techniques, dedicated trading managers, that simply don’t care about the basic principle of money management in trading. Scam brokers will always push for traders to trade more and more. Especially short-term to very-short-term expiration dates. In fact, the chances to be consistently profitable trading one-minute or five-minute binary options are almost close to zero. Moreover, unverified brokers use the same principles as a market maker broker does in the Forex industry. Namely, they create a “virtual market” for their clients. In other words, they don’t “route” the orders to the interbank market or other liquidity providers. They keep all their orders in house and bet on the fact that the clients will eventually lose their funds. When that happens, they book the funds for themselves. There are plenty of software specialized in mirroring quotations. Independent Binary Broker Reviews – Comments and Ratings from Traders. That is an interesting topic to consider it, especially if traders want to find verified brokers. There are several things to consider. Firstly, regulation. If the broker is regulated, it means a financial authority verified it and its activities. Moreover, the process repeats on a constant basis. Secondly, independent parties, like websites as this one, may take upon the task of listing scams in the industry, honest brokers, and give a ranking of good and bad brokers. On top of it, customers reviews matter the most. Here, too, things must be taken with a grain of salt. There’s a lot of spamming going on. Scam brokers comment and spam forums too. For this, we moderate any obvious spam and links and allow only appropriate behavior. A customer review matters the most in all industries. If a broker scams once, it will do it again, on and on. As such, traders must decide on their own if the broker is indeed the partner they’re looking for. This feedback helps us with our ratings for the brokers listed here. However, the lists here are just that lists. Traders must know that buying or selling a financial product comes with a risk. While there are plenty of opportunities, there’s also the risk of losing all the capital involved. For this, any broker, no matter if binary or Forex, makes sure the clients know that they should never trade more than they can afford to lose. Trading is a game of probabilities. But, above anything, trading is not a game. These are real money involved. As such, traders must know the risks and the potential rewards involved. Moreover, trading is not an easy task. There’s a lot of work involved, like in any regular job. Sometimes the market simply doesn’t move. When this happens, traders will insist on trading. They end up overtrading and if they are on the wrong side of the market, the funds are gone. But, successful trading is not impossible. Patience and discipline are key. Together with a proper trading education and the right partner (broker), traders can make it. The broker and the trader should have the same interests. Only when this is the case, traders have a fair representation in the financial market. Never deposit more than you can afford to lose. We wish you the best of luck on your trades! ** *NO links in your comment if you want it to be approved and published. All comments are manually moderated by our team, and all variations of an email addresslink will be removed and the poster will be banned. Only genuine feedback on broker experience is allowed. Sorry!! But the spammers are relentless. Binary Options Mastery Scams. Get your free option robot by clicking on the button below. There is a limited number of spots left! Trying to Know How to Avoid Getting Scammed? Binary Options Mastery Scams, Pro Trader Reveals The Shocking Truth About Binary Options Industry! Min. Deposit Min. Investment Rating. It’s been several years since binary options trading and binary options robots became an Internet fad and for a moment, everyone was interested in getting into the venture. It was seen as the new avenue of making it big in the world of financial trading. The opportunities were countless, the possibilities infinite with multiple binary options brokers and automated trading systems. For all of 15 minutes, Wall Street and basically any other business venture was under threat, people were making money from binary options and making no secret of it. Suddenly, everyone was looking into ways of getting into the venture, with high hopes of getting rid of the embarrassing middle class tag and maybe, just maybe, hit the ‘big one’. However, recent occurrences (massive complaints, reports of fraudulent activities etc etc) have changed the collective perception of the populace towards a venture they considered The Common Man’s Wall Street. I mean, all you needed to get into binary options was an Internet connection and a deposit of (mostly) $250, nothing more. There is basically little to no paperwork involved and certainly no waiting periods, except when withdrawing using wire transfer, unlike in stock trading where the legal and capital requirements are a bit overwhelming. Don’t get Scammed! Continue to trusted Binary Option Robot site by clicking on the button below! Where everyone thought opportunities were endless, they found a sickening number of scams and cons skilled in the art of deception and thereafter, disappearance. Of course, in every aspect of human existence, it has always been survival for the fittest, as good ol’ Darwin put it. There are always some people who use their brains, or in most cases, lack thereof, to take advantage of others. Financial trading is no different and conmen exist even in the inner sanctums of Wall Street. Unfortunately, in binary options, the scams are more than the real ones, making it hard to differentiate between the two. For most people, that is. The reason for this is that human beings, have always been, are, and will always be greedy, especially where money andor wealth is concerned. The tricksters know that very well and craft strategies to capitalize on people’s greed for money and are almost always successful. That warrants debate on whether binary options is really profitable or a game of luck, and false hopes just like gambling. Is Binary Options a Viable Investment Option? Many people who are involved in binary options trading will tell you that the reason they chose to get involved in the first place was that, compared to gambling, binary options looked more legit and viable in the long run. And that is true to a large extent. But the question of profitability has never really been addressed. As it stands, if you visit any binary options online community, you will be shocked by the large number of complaints (most of which are laced with profanities) from traders who lost money in unclear circumstances. These are often against certain brokers and auto traders, some of which have closed down after overwhelming online outrage. That aside, binary options is a viable investment option, just like stock trading is. If you look hard enough, you will find quite a number of traders who have achieved great success in trading binary options, a good example being our team here. However, unlike stock trading, and pretty much like gambling, it takes good strategy, consistency and patience to succeed in binary options. And not only that, choosing the right broker andor auto trader, if auto trading is your thing, has a lot of bearing on your success, or lack thereof. Be careful for the scams. Causes of Losses in Binary Options. Now, to the issue of traders losing their money, brokers are always the first people to receive the blame, and in more times than not, they are the guilty party. Nonetheless, while we admit that the presence of scams in the market is to blame for most of the (suspicious) losses made by traders, it is imperative to note that there could be a bunch of other things that could lead to one losing their investment. These include Lack of experience – Quite frankly, most of the complaints we’ve seen are from new traders. These traders don’t know much about financial markets and probably got into binary options because they readheard that the profits are huge. When getting into the trade, most people don’t care about doing comprehensive background research on the best brokers and trading strategies to use to ensure not only one-off success, but consistent results. Such traders are so blinded by the huge amounts of money they hope to make, or were ‘guaranteed’ by some deceptive broker that they can’t see anything else. One of them being the need for dire preparation and knowledge about how financial markets behave and why they do so. In addition to that, money management skills are very crucial to ensure the investment per trade is proportional to the possible losses and expected profits. You don’t want to put in $150 on a trade with a 65% payout while the risk of losing the whole amount is higher. Also, lack of experience affects how effectively one uses the (usually) provided analysis tools like technical graphs, indicators and charts to know which option(s) to buy. Thus, before pointing fingers at the broker or your auto trader for your losses, first ask yourself if your lack of experience is to blame. And five out of ten times, it is to blame. Poor money management – This is directly connected to the above paragraph but not really the same thing. See, you could be an expert analyst in financial matters and even succeeded as a trader in other instruments but still fail to replicate the same when it comes to binary options. In this case, there is a high chance that your money management skills are poor, which translates to poor money making potential. Binary options, just like gambling, requires a clear and focused mind that can make decisions that are free from emotional responses. For most traders, this is extremely difficult to achieve and they find themselves to have invested a lot in a trade that promised extra high payouts only for it to end up out of the money. Similarly, you may invest a very low amount in a trade that had low payouts that had an In The Money (ITM) finish. Say you placed the two trades together the profit you realize from the second trade won’t be enough to make up for the loss you made in the first. Eventually, if the same trend continues, your trading account will contract to levels dangerously close to sub zero, and you might as well be applying for bankruptcy. And of course you will point fingers at your broker, like everyone does. As a matter of fact, a good trader uses the first deposit (in addition to the bonus) to make money for all his future trades, plus withdrawals. If the only thing you’re doing is making deposits and not withdrawals, we suggest you audit your trading strategies before thinking of blaming, or changing, your broker. Greed – Admittedly, brokers take part of the blame for this, for “adding wood to the fire” so to speak. See, human beings have an inborn greed for wealth and success that has puzzled scientists up to this day. This greed usually overwhelms logic and common sense which makes it easy for con men to easily get their daily bread, and wine, and pizza. All they have to do is bait their prey by using statements like ‘Sign Up Today to earn $50k per week’ and they are sure to catch some fish. We are not trying to defend the actions of the numerous predators waddling in the binary options pool but rather encouraging you to use your common sense just a little bit more and you’ll never find yourself a victim. Now that we have established the secondary causes of loss in binary options, it is time to focus on the main culprits – scam sites. These are in both the brokerage and auto trading sector and are pretty advanced in their scheming. As it were, the number of legit brokers can be counted with the fingers in both hands and still leave room to give a stunning middle finger salute to the scams. To better understand the intricacies of these scams, it is important to first understand how they work. Don’t get fooled. The Anatomy of a Scam. A lot of people have written to us asking for clues on how to recognize a scam. For us, it is very easy to recognize a scam just by the presentation of their website but unfortunately it is not that easy for majority of the traders. Nonetheless, we will share some of the giveaways that tell you if the site you’re dealing with is a scam. Now, most binary options brokers will advertise themselves as offering low risks, high returns (some even quote unbelievable figures) and most importantly, that you can’t lose more than you should. To an extent, all that is true. The degree to which it is true is very much dependent on the particular broker you are using. The thing with scam artists is, they aren’t the best creatives we have in the world and all of them read from the same script, with just a few tweaks on the words and figures. This is why it is very unfortunate, to the point of being embarrassing, that there is always a bunch of people falling victim every single time. That binary options remains, for the most part an unregulated venture does not make it any better. If governments all over the world were serious about resolving the issue of their citizens losing money to online fraud, you can be sure there would be no scams. Or at least the number would be minimal. Nonetheless, traders need to have a deep understanding of the financial world in general and binary options as a financial instrument in particular to completely avoid unnecessary losses. If anything else fails, proper education and use of logic always work. Knowing scams exists helps to avoid those. How to Recognize a Scam. Talking about being informed, below are the things that tell you that a particular site is a scam, and will drain your account faster than you can figure out their name If you look closely at the reviews we have compiled over the years, you will note that we always had an issue with the so called site owners having ambiguous, and often fake identities. Some will give stupid names like Allan Trader or Binary Byron in an attempt to hide their real names and effectively eliminate the chances of getting sued. As it stands, most cons who set up fraudulent sites get away with it since tracking them is really hard. For one, you can’t report a nameless person from an undisclosed country. Two, very few countries have laws in place to control online trading which complicates things. Most importantly, many traders don’t know what to do, or where to go when they lose their money in unclear circumstances. Again, the need to have proper education and knowledge on both the economic and legal landscape is very apparent here. Anyways, dealing with a regulated broker will make things a bit easier. Oh, and if the owner’s name sounds funny andor too unique, run. Just run. This is pretty obvious, if the broker or auto trader you are thinking of signing up for is not on Facebook or any social platform, do you still need to be told that they’re up to no good? All decent brands are interested in interacting with their customers on social media and if a particular broker is not, it is probably a scam. Bottom line, if they aren’t on Facebook or Twitter, they aren’t for real. End of. The wise men weren’t fronting when they said if it sounds too good to be true, best believe that it’s too good to be true. In this case, if the promises that a certain site makes sounds too good, better think twice before clicking on the Sign Up button. Anything along the lines of �% ITM software giving you $1000 per day” falls perfectly within the too good to be true category. In fact, anyone who gives you a definite figure of how much to expect is too good to be true. In binary options, there are no guarantees, the underlying situations keep changing and a stock that is performing very well today may take a downward spiral in the next two days, due to one reason or another. As such, it is very difficult to predict future earnings and anyone who tries to convince you otherwise is only baiting you. And you will be left crying after they take off with your money. This one doesn’t need further explanation. When you land at a broker’s site, the first thing you should do is check the bottom of the page for a license. Every licensed broker will display their license number and state the body that licensed them. The Cyprus Securities Exchange Commission, better known as CySEC, is the most credible regulator when it comes to binary options. Any serious broker should have a CySEC license and those who don’t are most likely scams. Never sign up with a broker without a CySEC license no matter how good they look at the surface. This is a condition that you shouldn’t compromise on. When it comes to auto traders, there are no regulatory authority involved in giving licenses yet. However, the auto trader does have to be regulated since technically, you don’t put up money with the trading system but with the broker. Thus, when looking for an auto trader, be sure to check if the listed brokers are regulated. Generally, an auto trader affiliated with renown and regulated brokers is more likely to be legit than one affiliated with unknown sites. We always recommend checking with us before making a decision on which broker to sign up with. This is because it might not be easy for you to read between the lines and tell if what is said in the site is true or not. How Does The Scam Work? The rise of the binary market has attracted many con artists to the foray, and they start even before you open your account. In order to understand whether the brokerage site you are visiting is genuine or a fake, you must have some basic knowledge about how these scams work? The following text will try to answer this question. They disguise you with a fake website which looks like a legit binary option broker They promise exorbitant success ration on their signal services, some even goes on to guarantee it. They use the web for fake reviews and testimonials under multiple names to trap you. As soon as you join such scams, you lose your initial deposit amount. Once your deposit has been lost, you get a call from so called senior broker asking you to deposit further funds. These are the general steps followed by the binary broking scams. It is advisable, if you see any of the above signs, just stay away from them. Types of Binary Options Scams. The unparalleled rise in the binary options trading has attracted several new traders in the market. Unaware about how things work in the binary arena they come with very high expectations from the binary trading. Such newbies fall prey to the sharks of the binary arena or so called scam artists. They advertise themselves with some unheard payouts and consistent revenue stream to lure the investors. Once, these newbies have enrolled themselves then only they realize that they have been conned. The regulators in the several parts of the world are aware of this nuisance and have identified three types of fraudsters in the financial markets. The following text enlists them in detail. Brokers Who Block Withdrawals. This is the first type of scam artists. Once you enroll with such brokers and make a deposit, and try to request a withdrawal, you just can’t. sometimes, such brokers go even step further and calls you up to deposit further funds to initiate the withdrawals by making some nonsense argument of how beneficial it is to deposit further funds to your account. Then, the nimble trader request for withdrawal which is now repeatedly denied, your phone calls go unanswered, and your e-mails to the customer support start bouncing. All your attempts to get your own money goes in vain with some point in terms and conditions or having no one in the organization to listen to your requests. Then only you realize that you have been conned, while, the realization would not have cost a million but surely few hundred dollars. Such scam artist advertises being one of the best in the business and offers unrealistic gains by trading with them. So, how to avoid such con artists? Read on Do comprehensive research about the brokerage house even before thinking about depositing funds. Search the internet for the available online reviews about the brokerage house, specifically, on the third party websites and social forums. The customer often reports such con artists on various forums so that other don’t get trapped. Thoroughly read terms and conditions on the website along with the FAQ relating to the deposits and withdrawals. You must be aware of any restrictions in terms of a minimum deposit and a minimum withdrawal. When you are starting with a new broker to start your binary trading journey, only make a deposit of minimum amount as indicated in their terms and conditions. After depositing funds, try a test withdrawal in accordance with their terms and conditions before building up the account and adding further funds in the account. If you receive a phone call from the broker to add funds to your existing account in order to make it big then the first thing you should do is try and withdraw the existing amount from the account and start searching for a genuine broker. Scam Brokers. Scam Artists Who Steal Identity. Such scam artists go even a step further, they not only try to steal your money, they also steal your identity to take more money from you. The requirements of Anti-Money Laundering and Know Your Customer guidelines are followed by all the brokers, which requires them to ask you about your proof of identity, address and sometimes, a copy of your credit card, and hence it is a challenge to avoid. You may have provided your credit card details while making the payment or provided your identity proof to initiate a withdrawal or provided a copy of your credit card (back and front) or you may be asked to provide Social Security Number. You may be asked to provide faxes of such proofs, we recommend not to comply such requests. If you have even a slightest of a doubt about the brokerage house, just avoid or avoid using your credit card to make the deposits instead you can use other modes of electronic payments like e-wallets, which secures your identity. We are not saying that every broker in the binary arena is a scam artist who asks for credit card details, but it is always better to be safe than sorry. Specifically, you should be aware of the brokers who does not require your identity proof while enrolling but demand proofs before initiating withdrawal requests. Some pointers to avoid such scam artists As always, make a thorough research about the company even before thinking about depositing funds. The internet is a great source of information, and there are websites and forums which provide independent advice on several brokers, read each of the available reviews about the website before initiating the registration process. Read the terms and conditions, and FAQ on the respective broker’s website to gain a complete knowledge about the withdrawal process and its requirements. If you still have a doubt, make a call to the customer service department of the broker to verify that they will not compromise your identity and will not ask you to comply later on. PS In a circumstance where you need to provide a copy of your credit card, then you must black out the middle eight digits on the front of the card, and CVV number on the back of the card to be safe. Trade Manipulating Brokers. This is the most sophisticated than the other two but could cost a fortune over a period of time. Such brokers manipulate the software to generate losses to the traders. The most common technique used is the trade expires after it was set to, and suddenly, your trade jumps from in-the-money to out of the money. You make a call to their customer service which ultimately denies giving reference to the terms and conditions of the site about technical glitches. The repeated occurrence of such episode is a big warning signal for the traders, and one must exit entire funds from such websites. There are other aspects in the binary arena which is managed by such scam artists. For instance, sudden changes in payouts for no obvious reasons, and a price fluctuation of an underlying asset without a convincing reasoning. However, you must remember that the most common reason for losing a trade is because you did something wrong, and not your broker. In other words, do not impose your own mistake onto the broker and label them scam artists. Avoiding this scam Once more, research, research, and more research! Always, make an effort to learn more about the brokerage house through various independent websites, customer forums, and social media to gain a complete knowledge. We are reiterating again that you must research thoroughly about any brokerage site before even thinking about depositing funds. To identify such brokers, you must keep your eyes wide open while trading and lookout for any sign of suspicious price jump and suspicious expiry moves. If it is a once in a blue moon kind of an event then it is okay, though less likely, but if it repeats more than once, just beware. If anything looks suspicious then you must try and withdraw all your funds and start researching for another broker. You must remember that the binary options trading is not a scam by itself – it is just an another way of trading financial instruments. However, there are some con artists at play who tries to take the advantage of novice traders and steal their money. Just to be aware of such con artists, you must research well before making any commitments to the brokerage website. Avoid These Things in The Binary Options Trading. We have already discussed how the scam artist works, and what are types of the scam artists who are at play in the binary trading arena. Now, we will discuss some of the most common mistakes traders make and fall prey to the con artists. By avoiding these mistakes, you can keep these con artists at arm’s length. Registering with the new brokers The binary options trading has been around for quite some time and there are some brokers who have proven track record. So, it does not make sense to get register to the new brokers unless and until you are absolutely sure about it. Not knowing T&C of bonuses Bonuses are a great way to increase your initial balance, but they come with certain terms and conditions. These conditions restrict the withdrawal until you meet their requirements, and hence, you must read the terms and conditions along with the FAQ about the bonuses on their website. Managed Accounts You should never, and I repeat never, allow any third party including the account manager from the brokerage house, to trade on your behalf. The offering of the managed accounts is a one-way to lure the investors in their scheme of things. Don’t gamble, strategize The binary trading is not a gambling but it can become one if you treat as a random investment. There are several strategies available to invest for the long or short term. Not using such strategies will definitely make you lose. Don’t’ bet your account As a beginner, you must not risk a large amount on a single trade. The binary trading is a long-term association and not a get rich quick scheme. So trade wisely. Despite everything you might have heardread, binary options is as legit as the constitution itself. As long as you know how to separate the legit brokersauto traders from the scams, you will achieve your goals. Above all, do plenty of research and asking around. It actually works. That said, we would like to deflect your attention from the scams that we’ve been talking about all through to the few legit sites that exist amid the spoilt fish. As far as brokers go, IqOptions and Banc de Binary are arguably the 2 most accomplished and legit brokers in the world. If you search for The Best Binary Options Brokers in the World and you don’t see any, or both of them in the search results, you can be sure that the results are fake. Banc de Binary, for instance, was established in 2010 and has survived every tide to make it to 2016. On auto traders, there are quite a number of legit systems around but we generally recommend Binary Options Robot which has both high accuracy and payouts. Most importantly, all the brokers linked to the robot are regulated by CySEC, which is our standard requirement. Good luck finding the right brokerauto trader for you. Don’t get Scammed! Continue to trusted Binary Option Robot site by clicking on the button below!