Theclaimers Logo

Blacklisted Binary Options: Companies You Should Avoid!

Binary options are investment funds that payout either a fixed sum or nothing at all if the agreement is held until expiration. This is why they’re termed binary options: there’s no other way to resolve them. A binary option is based on a simple positive or negative proposition: Will, the price of an asset, be higher than a specific level at a certain point in time? It is one of the simplest financial assets to trade because traders place bets based on whether they feel the answer is yes or no. Because of its simplicity, traders and newbies to the financial markets have flocked to it.

Binary Chart

Traders should completely grasp how binary options function, what marketplaces and timelines they can manage with binary options, the benefits and drawbacks of these commodities, and which businesses are authorized to supply binary options to U.S. residents and non-US residents. The most crucial aspect of an investment is knowing where you are probably risking your entire life’s savings. In this article, we have researched to put together a list of blacklisted binary options firms to make you aware to help make a better investment choice.

"Luring" is one of the most common way to scam in trading, They lure you in for 200$ initial deposit. A few days later, senior broker asking you to invest $7,500.

U.S. Securities and Exchange Commission (SEC)

If you are someone who’s interested in Binary Options, then you’re definitely at the right place. We can give you the best practices in identifying red flags as well as help you in recovering your stolen money from scammers!

Table of Contents

Investing Can be Risky if You Don't Trust The Sites

The SEC and the CFTC have got countless fraud complaints related to websites that provide the ability to purchase or trade binary options using Internet-based trading platforms. At least three types of complaints have been filed: failure to credit customer accounts or reimburse payments, identity theft, and software manipulation to make loss transactions. The first type of alleged fraud involves specific Internet-based binary options trading platforms refusing to credit customer accounts or reimburse monies after they have accepted consumer funds.

NO!!

Customers who have put money into their binary options trading account are frequently contacted by “brokers” who persuade them to deposit further funds into their performance over the phone. Customers claim that when they try to withdraw their initial deposit or the promised return, the trading platforms cancel their withdrawal requests, refuse to credit their accounts, or ignore their phone calls and emails. Identity theft falls into the second category of suspected fraud. Some concerns claim, for example, that specific Internet-based binary options trading platforms are collecting consumer personal information such as credit card and driver’s license data for unknown purposes.

Do not submit photocopies of your credit card, driver’s license or other personal information to binary options Internet-based trading sites. The manipulation of binary options trading software to make lost trades is the third type of suspected fraud. These allegations claim that binary options trading sites on the internet modify trading programs to manipulate binary options rates and payouts.

Beware of These Blacklisted Binary Options at All Costs

caution tape

Binary options are distinct from more traditional options in a number of ways. A binary option is a form of options contract in which the premium will ultimately depend on the conclusion of a yes/no premise. Accordingly, several binary options have been listed on registered exchanges or traded on a specified contract marketplace that is subject to supervision by United States authorities such as the SEC or CFTC. However, this is merely a portion of such a binary options market.

Much of the binary options industry runs through Online networks that are not always complying with applicable U.S. regulatory standards. The number of Web trading sites that offer the opportunity to purchase and trade binary options has risen in recent years. The rise in the number of these networks has resulted in an increase in the number of complaints concerning fraudulent promotion schemes involving binary options trading at platforms.

1. Legal insider bot

stock trading chart

I’m writing to inform you about the “Legal Insider Bot,” which I believe should be renamed to something that suits the kind of scams they have been doing.” It’s a con that tries to persuade you that they “GUARANTEE” that your money will be safe from loss.

However, if you read the manual, you’ll notice that they only do this for seven days, after which, if you lose, the money you lose is treated as a “BONUS,” trapping you until you meet the requirements. It’s a “BONUS TRAP” that only lasts “7 days” and is designed to separate you from your money! The bot will lose the money you put into the bonus scheme, which pays the broker and affiliate marketer after the seven days are up.

2. Cheating the odds 4.0

cheating the odds 4.0

Today, we have “Cheating the Odds 4.0,” a new SCAM from Tim Atkinson and Zak Maftah’s marketing/advertising team. They make more extravagant claims and relatively high productions than most marketers, and they have a distinctly west coast northern California aesthetic.

The scam that takes place is along the lines of people asking for your investment in return for a gift and a bonus. The catch here is that you end up getting neither but scammed.

DO YOU NEED EXPERT ADVICE?

We have encountered victims who were mentally and emotionally drained when they were scammed out of their money. We can help you with your legal and technical concerns. We can help you get your money back.

3. SignalsBinary.com

binary app

SignalsBinary.com seems to be another free signal service provider that cracked me up out loud. The site is “Available for free as a resource to the binary options industry,” according to the statement on the Google SERP page. Binary traders built this website since they despise seeing people lose money when they might be making money. It would be good if it was as easy and simple as that. I believe what they truly mean is that they don’t want you to lose money if you aren’t using one of their recommended brokers.

The platform is free, but solely if you join it and open an account with one of the brokers they recommend. Anyone can invest $up to $ 100 every month instead, but you’ll still have to email them your account information, and they’ll profit from your trade if you’re-deposit. The notion that they spend a lot of time telling you that the program is free and that they are only trying to earn a dollar gives the site a less-than-professional vibe and makes it clear that they are attempting to profit from your trade.

stocks daily result

This is why any signal service should be avoided. They have no stake in the outcome. They are not taking any risks, and it is in their best interests for you to make a deposit. We are not suggesting that their tactics or messages aren’t effective. It’s just that you’ve been set up to fail. I’m sure they have a long list of skills. The important thing to remember is that they place the responsibility of choosing a trade on your shoulders. They supply the signal, but you must still study it and determine whether or not to accept it. If you follow all of their signals, you’ll have the same success rate as the service, but if you pick and choose which ones to follow, you’ll expose yourself to an infinite number of hazards.

4. Action binary

This is simply another affiliate marketing plan designed to entice you, my binary trading comrades, to deposit money and trade it away using random signals provided by the company. You could assume it’s one of the most respectable SSPs on the internet at first appearance, but don’t be fooled. You might believe this because the signals’ home page and landing page publicly state how the website and team deliver high-quality trading signals with the ability to increase profits with advice from their professional service.

bitcoin chart on phone

The fact that they charge a fee for the service upfront with no hidden, or you would hope, the plan adds to the perception of this SSP’s validity. The charge is a ruse for the website’s affiliate marketing program, which is part of their two-pronged approach. They want you to not only pay for the service, but they also want to profit from your deposit. I’ll admit that I wasn’t sure if this was a fraud at first. However, after only a cursory examination of the site, I quickly concluded that it was a ruse.

If you were scammed and got your money stolen from a investment scam, then contact us to get your money back for you!

Apart from the fact that it is an affiliate marketing site, it does not send out positive signals. To begin, signals are sent via email. This is a lagging approach; thus, it may take longer to receive and act on the signal than it is good for. This is the first reason why you won’t be able to benefit. Every day, you’ll get 5 or more signals from seasoned experts. It is your obligation to receive the signals, determine which ones to follow, and then take action. This is your second chance to lose cash. There’s no way to know if you’re picking the good ones or the poor ones if you’re picking signals at random. I will admit that the signal suppliers are skilled traders. They aren’t flawless and will occasionally deliver a false indication.

chart on ipad

You must make all of the trades that the trader makes in order to profit from their success rates. If you don’t, you’re setting yourself up for a lifetime of losses. There are far more effective ways to leverage signals or someone else’s experience than this. Moving on from how awful the signal service is, I took a closer look at the website. A genuine trader would be frustrated by what I discovered. Nothing but SEO article after SEO article can be found. They’re all about trading, and while there are a lot of them and they’re well organized, there’s no meat on the bone. There is no accurate data on indicators, technical analysis, strategy, or trade. Also, click here to find more news and stories about different kind of scam

What To Look for When Trading - Safety Matters!

So, when looking for a strategy, system, or service, what should you look for? Look for a reliable source, not just any random website on the internet. You need to know who you’re investing your time and money in and what you’re investing it in. Next, seek real tools rather than so-called “proprietary” nonsense. You must have access to precise information on how and why the system operates. Then, how are these tools being implemented in a strategy? Are they capturing all signals, or are there filters in place?

It takes a knowledge of the market and experience to stem out the bad indicators. Following an indicator without research is a sure way to fail; most of them will show bull and bear signals at random times; it takes a sense of the market dynamics and experience to weed out the bad ones. In addition, the time frame is a crucial consideration. To be honest, I believe that any 60-second plan is a waste of time; you can’t trust the time limit because it moves too quickly. After that, it’s all about the money. What should I do to obtain the information? Anyone who makes me fund an account without my permission is instantly out; after that, it all depends on what they’re offering and how much I know about it.

If you buy binary options from a company that isn’t registered with the Securities and Exchange Commission (SEC) or isn’t regulated by it, you might not get the full benefit of the federal securities laws’ safeguards. Only purchasers of securities in registered offers have access to certain safeguards and remedies.

Individual investors may also be unable to seek some of the remedies available for unregistered offerings on their own. Before investing, use the SEC’s Investment Adviser Public Disclosure (IAPD) database, available on Investor.gov, and the National Futures Association Background Affiliation Status Information Center’s BASIC Search to check out the background of any firm or financial professional you’re considering dealing with, including registration or license status. If you can’t verify their registration, don’t conduct business with them, don’t send them money, and don’t give them your personal information.

Doing your research and looking for a trusted source is very important; this article was written to give you insights on how the binary trading market is full of scams, and it may be hard to find a trusted source. Just remember to do your research and think twice before trusting a third party with your funds because you never know you might be trusting a scam.

do you need help?

A lot of those who contact us have questions and concerns about their personal and business data being compromised. We aim to arm you with the legal and technical know-how in the fight against scams. Also, we will be able to refer you to top scam recovery agencies.

Please fill up the form. Rest assured that our support team will get in touch with you

Share this article
Facebook
Twitter
LinkedIn
Leave a comment

Related Posts

Feature Image

ALERT | Calcuxfxglobal Review: Is it Legit or a Scam

Is caluxfxglobal a scam? Calcuxfxglobal.com poses as a trustworthy broker, however, the firm’s objectives are very different. Currently operating as one of the Forex trading frauds, this broker can be found at https://calcuxfxglobal.com/. If you don’t know what to do, this dishonest broker will steal your money and annoy you

Read More »
HKSelead Feature Image

ALERT | hkselead.com Review: Is it Legit or a Scam

Despite what the name so obviously implies, the broker is not licensed in Hong Kong. First off, the fact that the local Securities and Futures Commission (SFC) has no information on hkselead.com is sufficient proof that the company lacks a Hong Kong license.

Read More »
obgfx logo

ALERT | OBGFX Review: Is it Legit or a Scam

Upon investigation, we found that none of the OBGFX rules is legitimate. With only a year of existence and about 1,000 assets offered on the wave app, the company lacks a financial license. The answer to your question is no, OBGFX is not a broker worth your money.

Read More »
Scan the code