Is UKOptions a Scam

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Fighting online scams since 2020

Binary Options Watch Dog is a scam web site

OK, we’ve had enough, we have to uncover the truth behind the BinaryOptionsWatchDog.com web site. It is a bunch of scammers led by Michael Freeman.

Freeman is popular in the binary options community because of his video channel on YouTube, but he has gone too far, he is endorsing scams, and he even may be orchestrating some of these scams.

The Binary Options Watch Dog web site is supposed to uncover binary options scams, which it does in some cases, but when you can make money supporting a scam, they just do it. In other words, if a scam has an affiliate program and Freeman can earn commissions, he writes a fake review and gives his recommendation to this scam.

How do we know that? You just have to look at the links they provide, when they link to a scam, the use an affiliate link via the Clicksure network, for example 82940.virtnext.cpa.clicksure.com. So if somebody joins the scam through their link, they will get paid. This why they endorse scams, they make money on them.

Virtnext

The most obvious example is the newest scam called Virtnext. Not only Binary Options Watch Dog is recommending this obvious scam, but they also faked proofs to make it look legit. Because they say that there is a real person behind Virtnext – the billionaire Vincent Bollore – and they show a screenshot of the Fortune web site with an article about Virtnext and Bollore.

But it is a fake, Fortune has never published anything about Bollore or Virtnext, see images or try yourself to do a search on the Fortune’s web site (here and here).

Michael Freeman signed under the Virtnext welcome e-mail.

This is a 100 % proof that BinaryOptionsWatchDog.com is actively supporting binary options scams. And there is more, because somebody posted his welcome e-mail from Virtnext, and it was signed by Michael Freeman himself! So he probably is the person directly behind this scam.

We can see that there are a lot of fake binary options reviews web sites that were built only to support scams and make them look legit.

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Some of them are probably in a network with Binary Options Watch Dog, like Objective Binary Options a Binary Options Spot, because they all are supporting Virtnext with their logos and fake reviews.

Conclusion

It is incredibly sad what is happening in the binary options industry right now. For 1 honest web site there are 99 scammer’s web sites that are recommending scams.

The safest is really not to trust any binary options automated trading system or strategy that is offered in a way that you have to open an account with a broker, deposit money and immediately trade the system. Do not trust anyone who wants you to this. Trade only with regulated brokers, the best is to trade your own strategy manually.

When somebody claims that a system or strategy is free, do not trust them, unless they let you try it for free without depositing money.

And do not rely on reviews published on the Internet by scammers like Binary Options Watch Dog, Objective Binary Options or Binary Options Spot. The vast majority of review sites are unfortunately fake and dishonest.

“Binary Options Spot” and “Objective Binary Options” web sites supporting Virtnext and Michael Freeman.

Beginner’s Guide to 24option: Complete Review

24option delivers an intuitive trading platform with the latest tech and a range of trading choices. One of the goals of 24option is to help the masses trade, whether they are new to trading or experienced professionals. 24option prides itself on offering extensive educational materials, including daily news, webinars, and more.

The vision behind 24option was to make it possible for traders to invest in financial markets via a user-friendly platform. This broker makes a commitment to integrity with four specific points. One focus is connecting opportunities, making it possible for traders to connect with the numerous daily opportunities that arise. 24option also ensures that clients can maintain control, so they drive their own success and delivers freedom of choice with tailored solutions to meet individual needs, unlimited market assets, and more than 100 tradeable assets. Finally, 24option delivers professional and personal support that is there to help clients every step of the way.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.94 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

24option Account Types

There are four types of accounts available from 24option, and you can select the one that best meets your needs. You can choose the right one for you upon registering or just register to start trading. Alternatively, you can consult with an Account Manager who will help you choose an account based on your goals.

Basic Accounts include a platform introduction, a dedicated account manager, access to webinars and seminars, an introduction to the financial markets, a demo account with 100,000, and a daily market brief.

Silver Accounts add an explanation of risk management, no maintenance fees, max lots, and a one-on-one tutorial for sentimental, technical, and fundamental analysis. This type of account also receives explanations of the most common trading strategies that are short, medium, or long, depending on your preference.

Gold Accounts get senior account managers, access to Trading Central, free withdrawals, and a one-on-one course for using MT4. Finally, Platinum accounts get better spreads. It is possible to upgrade your account in the future, with approval from 24option.

To become a 24option trader, you just need to complete registration, which you can do via the homepage. Alternatively, you can click Sign Up in the top-right corner of any page on the website. You will need to make a minimum deposit of $250, and once that transfer is completed, you can begin trading.

24option Asset Coverage

24option offers a range of assets, with a focus on CFDs and forex. CFDs, or contracts for difference, are derivative products that make it possible to trade on the difference between closing and starting values without actually owning the asset. This type of trading also allows for a lower initial investment. To trade one of the CFDs on 24option, you predict the asset’s market movement. Buy if you predict there will be an increase in value or sell if you think it will fall.

The other major category of assets available to trade via 24option is forex. Trading forex is when you buy one currency and sell another at the same time. The goal is to profit from the changing values of the two currencies in question. Because there are huge volumes traded every day in forex, this market has very high liquidity, especially in the case of the major currency pairs. Like CFDs, it is also possible to invest in forex with a small initial investment, but the tradeoff is that you must then use leverage. While leverage can amplify the potential gains, it also magnifies the potential losses. As such, a great deal of skill and knowledge is necessary to trade forex.

Within the category of CFDs, you will find a range of assets available for trading on 24option, including cryptocurrencies. 24option supports trading the five most popular cryptocurrencies as CFDs. Other CFDs include commodities, stocks, and indices.

What Devices Can You Use to Trade with 24option?

24option offers a web trader via its main website. You do not need to make any downloads to use this trader, and you can use any of the popular browsers, provided they have been updated relatively recently. There is support for Explorer 8.0, Google Chrome 4.0, Firefox 3.6, and higher. Keep in mind that viewing all the elements on the website requires you to have Flash player installed, and you will need to enable JavaScript to trade via the 24option website.

Alternatively, you can also use one of the mobile applications to trade with 24option. There are applications for both Android and Apple devices. You can use 24option’s web trader or utilize the MetaTrader 4 platform, which is available for most desktops, browsers, and mobile devices.

24Option Web Trader

The setup of the 24option web trader is similar to other brokers, which makes it easy for clients to figure out exactly how to use it. On the left third or so of the page, you will see a list of assets, each with a column displaying its bid, ask, change, and high/low. You can scroll through the various instruments listed there to find your chosen instrument. Alternatively, you can use the search bar on the top-left corner of this section. Clicking the search bar also lets you filter results by asset type, with divisions for forex, cryptocurrencies, commodities, stocks, indices, and favorites.

The right two thirds or so of the screen shows the expected graph for your chosen instrument, although there is an option to not show the graph and just view the order form. Unfortunately, you can only view either the graph or the order form, not both at the same time.

Below the chart, you will find a list of your open trades, each with its trade number, opening time, symbol, lots, and type. Clicking on the tabs immediately next to the one dedicated to open trades will show you your orders and trade history. A nice touch is that immediately to the right of this is the Economic Calendar, conveniently built into the platform. You can see the date, currency, message, impact, actual, forecast, and previous. To the right of that, you will see the daily market update.

Trading Interface

The default graph type is candlestick, although you can change it to dots, area, line, Heikin Ashi, or HLC. To do this, click the three dots in the top-left corner of the chart. Below the dots, you will see a settings symbol, which lets you customize your chart further.

The same drop-down menu with three dots also lets you select the time intervals on the chart, with options of 1 minute, 5 minutes, 15 minutes, 30 minutes, hourly, daily, weekly, or monthly. This drop-down menu is also where you will find the option to zoom in or out on the chart, which you can also accomplish via a mouse scroll. Other zoom options include zoom left, zoom right, view all, and default zoom. Below these in the drop-down menu, you will find the ability to enable or disable the pointer, delete selected shapes, delete all shapes or studies, or duplicated the selected shapes.

Below this, you will find a wide range of drawing tools, such as rays, lines, extended lines, trend lines, arcs, ellipses, triangles, and more. There are also advanced tools like Fibonacci retracement, Fibonacci time-zones, Fibonacci fans, Fibonacci arcs, Gann fans, Fibonacci extension, time-extensions, Gann squares, cycle lines, and linear regressions. Or you can launch the Indicators Wizard at the bottom of the drop-down menu. The Indicator Wizard lets you set favorites and divides indicators into Trend, Oscillators, Customize, and Bill Williams, with dozens of options.

While the vast array of tools on the graph is a strong point in favor of 24option, traders will likely find it incredibly tedious to scroll through the entire drop-down menu to find the specific tool they want. Other platforms that divide these tools into separate drop-down menus tend to be more convenient.

The top-right corner of the graph offers a full-screen option, but even if you select this, everything remains in a single drop-down menu. The top-right corner of the graph itself shows the open, high, low, and close prices for a point that you hover over. Hovering over any point on the chart will also show you the specific price and time.

How to Trade on 24option

To make a trade, go to the web platform on 24option and make sure the graph is closed so you can view the order form. Select your chosen instrument on the left section of the screen, then fill out the volume you wish to trade (in lots) on the form. As you enter a figure, the pip value to the right will automatically update. Immediately below the volume and pip value, there is the option to “Open trade when rate reach.” Check the box if you wish to open the trade only when the rate reaches a certain point, then adjust the value in the box to the right. Once you do so, you can select Sell or Buy. From there, you have the option to select to “Close at loss” or “Close at profit,” if you wish. Checking either of these boxes will allow you to adjust the measurement to pips or rate and then adjust the figure. Once you are ready, click Trade.

Alternatively, you can choose to buy or sell at the market value. Below the option to “Open trade when rate reach,” you will see a Sell button on the left and a Green buy button on the right. Each shows a value and you can view the pips of spread between them. The value indicates the points that the asset must pass for your trade to be successful. Click on the relevant button followed by Trade to place a trade at the market value.

Mobile Applications

The mobile application from 24option is offered for either iOS or Android devices. Either application offers the same functionality that you will find via the web trader from 24 option along with the Education Center. There are 12 languages available to help appeal to clients from around the world. Use the application to make trades, explore assets, track your trades, analyze past trades, or view breaking news.

Supported Currencies

When you register an account with 24option, you will be prompted to choose your preferred currency for trading. Unlike some brokers, 24option does make it possible to use several different currencies in a single account, a feature that many traders appreciate. You can set the preferred currency of your account to U.S. dollar, Japanese Yen, British Pound, Euro, or Ruble.

24option Deposits

There is a lengthy list of ways to make a deposit with 24option, with slight variations depending on your country. There is support for credit and debit cards, including Visa, Master Card, and Discover. You can also make a wire transfer or Fast Bank Transfer. Other deposit methods include Diners, Switch, JCB, Neteller, Skrill, AstroPay, iDEAL, Qiwi, Sofort, GiroPay, Neosurf, PostePay, and PaySafeCard. To view the specific options for your region, go to the Banking page of 24option, which is found under the Forex/CFD main tab in the My Account subheading. Select your country from the drop-down menu, and you will see a complete list of options for deposits and withdrawals appear, along with the option to read more about each method.

Keep in mind that there is a minimum deposit for 24option based on funding type. For credit cards, the minimum is $100, €100, £100, R1200, or ₽10,000. For electronic payments, it is identical. Wire transfers have slightly higher minimums of $1000, €1000, £1000, R1200, or ₽10,000. There is also a maximum deposit amount depending on the payment method. You have to contact your account manager if your deposit is via wire transfer or electronic payments to get the maximum amount. For credit card deposits, there is a daily limit of $/€/£ 10,000 or ¥100,000 and a monthly limit of $/€/£40,000 or ¥4,000,000. 24option does reserve the right to adjust those values, both for minimums and maximums, at any moment without notice.

Deposits made via credit cards and electronic payments are credited as soon as 24option receives the payment. Wire transfers may take as long as five business days before your account receives the funds.

Deposit Bonus

24option does currently offer a deposit bonus known as the First Deposit Trading Bonus Scheme. The trading bonus is the equivalent of 25 percent or 50 percent of your first deposit or $500, whichever of the two is lowest. You can view the full details of the bonus in the Legal section of 24option or by consulting your account manager.

24option Withdrawals

24option has the same withdrawal options as those for deposit. You can view the specific options for your country on the same Banking page as the deposit methods, but know that they will likely be identical. To make a withdrawal, you just go to the banking page of your account and select Withdrawal. Fill out the form, and then submit it by selecting Next.

As is the case with any other broker, 24option has the policy of processing all withdrawals back to the original payment method. This is to provide protection against money laundering. In cases when the amount of the withdrawal is more than the deposit amount made by credit card, the remaining balance is transferred via a wire transfer.

For further security and anti-money-laundering protection, 24option will request verification documents before you can complete your first withdrawal. This includes an official ID with a picture, such as an official government ID document, driver’s license, or passport that is not expired. You will also need to submit proof of address, such as a utility bill (electricity, phone, or water from the past six months) or a credit card or bank statement. In the case of deposits made via credit cards, you will need to also submit a photo of the front and back of the credit card, showing just the final four digits of the card. If you need to provide documentation, you will receive an email letting you know and providing instructions.

The minimum withdrawal amount from 24option is $10, and the maximum limit is the amount of funds currently in your account. You can make a withdrawal at any time, but 24option only processes the requests during business hours. 24option always strives to complete the withdrawal requests as quickly as possible.

24option Withdrawal Fees

The withdrawal fees from 24option vary based on account type with all withdrawals from Platinum and Diamond Accounts being free. Those with Basic, Silver, or Gold have the following fees depending on the currency in question: 35 USD/EUR/GBP/CHF, 250 CNY, 4,000 JPY, 2,500 RUB, or 100 TRY. If you withdraw via a wire transfer, there will be a fee of 35 USD, 35 EUR, 35 GBP, or 4,000 JPY. Withdrawals via credit card come with a 3.5 percent fee while Skrill (Moneybookers) withdrawals have a 2 percent fee, Webmoney has a 0.9 percent fee, Qiwi has a 3.5 percent fee, and Neteller has a 3.5 percent fee. Intermediary banks may also charge additional fees.

24option Fees

24option also charges inactivity fees for accounts that do not have any transactions for a period of two months or more. Transactions include deposits, withdrawals, and trades. The fee for two to three months of inactivity is 80 EUR, which rises to 120 EUR for three to six months and 200 EUR for more than six months of inactivity. If the client’s currency is not in Euro, then they will be charged the equivalent based on the exchange rates of that day.

There are also monthly maintenance fees of 10 EUR. If you are charged an inactivity fee, this replaces the maintenance fee. 24option does not charge any fees for deposits, commissions, or financing.

Max Lots, Max Trade Size, Leverage, and Margins

Regardless of account type, 24option has a margin call level of 125 percent and a stop out level of between 20 and 100 percent. The maximum trade size for forex pairs is either 30 or 10 lots, and you can view a full list of which forex pairs fall into which category on the relevant page in the Legal tab of 24option. For stocks, there is a maximum trade size of 10 lots and default leverage of 10. For indices, these figures are 3 and 50, respectively.

Personal Information

24option relies on the least high-tech techniques available to protect the private information of clients at all times. All transmissions are secured via a 128-bit SSL encryption certificate that Thawte provides.

CFD Strategies

In addition to the extensive education section, 24option also has a separate page of its website where the broker outlines some of the basic strategies for CFDs. The basic strategies include focusing on just a few markets at first, preferably just three for beginner traders. By following this strategy, you can eventually become an expert in a given market.

Another strategy is determining the best timeframe for you as some traders prefer long time frames while others prefer short ones. Long-term traders of CFDs will focus on monthly or weekly time frames while short-term traders look at daily movements or those that are even smaller, such as within minutes. You should choose the time frame that works best with your personality.

The final basic strategy that 24option reminds traders to consider is to always have a trading plan. This means completing research before going into a market, so you know if you want to go short or long and why, as well as the amount of capital you wish to risk and where you plan to enter or exit the trade. Having a strategy in place lets you minimize the risk and reduces the chances of mistakes due to fear or greed.

Forex Strategies

As is the case with CFDs, 24option has a short page of its website dedicated to forex strategies. The advice begins by suggesting that you select a period of time during which you will trade and then select the currency pairs that are most active within that period. Those who trade forex full-time will likely want to choose hours that correspond to U.S. trading times as that is when the USD pairs will be most active. If you do not have that luxury, you will need to evaluate which pairs are most active during the time you can dedicate to trading. This will likely come down to what markets are active during your trading time, based on time zones.

With forex, you should consider opting for longer time frames for trades, at least days or weeks. This is particularly smart for those who are part-time traders since you will not be able to watch the market 24/7. Even those who can trade forex full-time will appreciate that focusing on long-term forex trades gives more time to research and analyze.

Finally, as with CFDs and any other type of trading, you should always have a plan or strategy in place when trading forex. This plan should include the direction you will trade, the reasons for your market predictions, and your entry and exit points. Don’t forget to also include a stop loss level in case the trade doesn’t work out as you hoped.

What Other Trading Strategies Does 24option Explain?

If you go to the Education section of 24option, you will also find explanations for other trading strategies, specifically technical and fundamental analysis. In each case, you will find a description of the type of analysis and a quick guide to indicators or factors that help you accurately use the given method.

Educational Materials

In addition to the previously mentioned guides to trading strategies for CFDs and forex, 24option also offers a glossary for CFDs so you can familiarize yourself with all the terms that you will come across during research and trading. There is also a guide to cryptocurrencies, including a brief history as well as overviews of the most common cryptocurrencies (and those that 24option offers as crypto CFDs). This guide also features a quick overview of the cryptocurrency market and trading cryptocurrencies with 24option.

One of the best educational materials from 24option is its interactive eBook that delivers a visual guide to CFDs and forex. It has a range of topics, including a comprehensive glossary, trading strategies, market analysis, and trading psychology. There are even quizzes at the end of the chapters to let you test your knowledge. For those who prefer learning via videos, 24option has a very nice selection of videos on demand for all skill levels in a range of topics, including series for CFDs, forex beginners, forex intermediate traders, and a forex intro. Account holders can also take advantage of free webinars from 24option to hone their skills. These webinars cover a range of topics and encourage questions.

What Other Tools Does 24option Offer?

24option also has a news feed that includes daily market reports for various major markets and specific assets, as well as other relevant news that can impact forex and CFDs. You can alternatively look at the daily financial news, which includes both written and video summaries of the financial headlines for the day. Unsurprisingly, 24option has an economic calendar displaying the date, currency, message, impact, actual, forecast, and previous figures for each event.

Users with access to Trading Central get to take advantage of Advanced Market Analysis for historical and real-time information that can help traders find trends and patterns. The database in Trading Central has more than 8,000 assets, including forex, stocks, and commodities, all with commentary and data. You can set up alerts for updates on your favorite assets, view detailed technical analysis reports, utilize indicators, and use Japanese candlestick signals.

24option Customer Support

As mentioned, 24option strives to always provide personal yet professional support. As such, there are multiple contact options, including live chat via the website, email, or phone. As you navigate the 24option website, you will notice an icon for the live chat always is in the bottom-right corner of the page for convenience. Or visit the Contact Us page and fill out the form to receive a response via email.

Visiting the Contact Us page will show you a map of the world with pins marking customer support for each region or country that 24option serves. Clicking on any of these pins will display the specific website for that region, the email address, and the phone numbers, including separate numbers for general phone, fax, customer service, and affiliates. Alternatively, you can select your country from the drop-down menu directly below the map, which will take you to the appropriate pin on the map and display the same information.

24option Location and Regulations

24option is governed by two regulators – Rodeler Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 207/13.

Rodeler is licensed by CySEC to offer the following Investment and Ancillary Services:

  • Reception and transmission of orders in relation to one or more financial instruments
  • Execution of Orders on Behalf of Clients
  • Safekeeping and administration of financial instruments, including custodianship and related services
  • Granting credits or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction
  • Foreign exchange services where these are connected to the provision of investment services

Richfield Capital Limited is regulated and authorized by the International Financial Services Commission of Belize under license number IFSC/60/440/TS/18. The company is located in Unit 313 at No. 16 Cor. Huston and Eyre Street, Blake Building, Belize City, Belize. The payment agent for Richfield Capital Limited is Wonderbridge Services Limited.

Due to legal regulations in various jurisdictions, 24option does not offer services to those within Switzerland or the European Economic Area. Additionally, it will not operate in the United States, British Columbia in Canada, and select other regions.

Conclusion

24option is a broker that offers its own trading platform via the web or mobile devices or works with MetaTrader4. They focus on CFDs, cryptocurrencies and forex, offering CFDs for a wide range of assets, including multiple cryptocurrencies.

This broker was founded in 2009 and is regulated to instill confidence in traders and has an intuitive platform with a range of assets and vast educational resources.

The trading platform is very well designed and one of the best we have seen with this type of broker, experts and beginners alike should have no trouble navigating it and making their trades.

Reading reports online from 24option customers suggests that they have good customer support which is fast and responsive to any questions you may have.

As always when trading CFDs, you must cautious and employ and a trading strategy as its possible to lose money with this type of trading, especially when using leverage.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.94 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Is Binary Options Trading a Scam?

Binary option trading itself is not a scam but because too many players in this industry resort to dirty tactics to make money off aspiring traders, the whole binary options trading industry is getting a bad rep.

Below is a list of ways in which scammers can get you if you are not careful.

Fake Brokerages

It is not too diffult for someone to setup an online binary option brokerage and start accepting clients’ money. Many such fly-by-night brokerages disappear overnight with their client’s money and then re-open under another name to scam again. Be sure to only trade with regulated binary option brokerages that has been in operation for at least a few years.

Withdrawal Problems

Many scam brokers make it extremely difficult for you to withdraw your money from your account. They will ask you for all sorts of documents for verification before letting you withdraw any money.

Thus, always make test withdrawals before depositing larger sums of money. With regulated brokerages, it should not take more than a few days to withdraw money from your account.

Outlandish Claims / False Advertising

There are many online reviews, endorsements and success stories about people getting tremendously rich easily by trading binary options. These reviews and testimonials are mostly fake and are often paid for by the binary options brokerages themselves and their affiliates. While there are indeed people who made a lot of money trading binary options, they are merely the exceptions rather than the norm and the path to success is anything but easy.

High Pressure Sales Tactics

Be cautious of high pressure sales tactics used by representatives of binary option providers. They often call traders and pester them to deposit large sums of money by luring them in with big deposit bonuses. Often, it is necessary to trade 30 to 50 times the bonus amount in order to qualify for it but the sales people will always fail to mention this fact upfront. In the end, most novice traders will often bust their accounts long before they qualify for the bonus.

Super Secret Auto Trading Systems

Many sites sell some kind of auto trading robots that will trade binary options for you. The website creates an account for you at a scam broker, then instructs you to make a deposit and supposedly you can then sit back and relax while it makes money for you while you sleep.

Sounds good? Well there is one problem: The software doesn’t actually work and the broker is usually a scam broker. Once again, if it sounds too good to be true, it usually is.

Payout Reduction

Once you start winning consistently, some unscrupulous brokerages may actually begin to reduce the payout percentage to you. If you trade regularly, make sure to open trading accounts with multiple brokers so you can compare their payouts.

Conclusion

In binary options trading, you are betting against the brokers rather than other market participants. Hence, the broker only makes money if you lose. For their business model to be successful, more clients need to lose than win.

However, this in itself does not make this a scam as all financial trading are zero-sum games. Your wins come from someone else’s loss and vice versa. It is only a scam when 1)The odds are fixed against you where you have absolutely no chance of winning and 2)You don’t get paid even when you win.

The scams typically come about as a result of hyper aggressive marketing, false advertising and unethically operated brokerages. Many people feel scammed because they were promised the moon and the sky only to be hit by how hard it can be to really make money trading.

However, all of the above issues should start to become less of a problem as regulations tighten and the industry itself matures as a whole.

Continue Reading.

What are the Main Types of Binary Options?

Learn how the One-Touch, No-Touch and Range/Boundary binary options differ from the common high-low viety and how to trade them. [Read on. ]

What Assets can be Traded using Binary Options?

Many of the most popular financial instruments such as currency pairs, equities and commodities are available to trade using binary options. . [Read on. ]

Binary Options: Trading or Gambling?

Is binary option a legitimate financial instrument or just another form of gambling. [Read on. ]

Binary Options & Trading Robots: A Perfect Match?

Unlike humans, robots have no emotion and do not need to rest, so they can make a lot more trades than humanly possible, combined with perfect consistency. [Read on. ]

Is Binary Options Trading a Scam?

Learn how you can get scammed when trading binary options if you are not careful. [Read on. ]

How to Select a Binary Options Broker?

With so many scam brokers out there, before you learn how to trade, one must know how to separate the wheat from the chaff and find a trustworthy binary options brokerage. [Read on. ]

Binary Options: Calculating Breakeven Win-Rate for a Given Payout

How often does my trades need to be successful in order to be consistently profitable in the long run when trading binary options. [Read on. ]

Is UKOptions a Scam?

(with video below) More and more people are sending us emails asking if the binary options trading sector is a scam in itself, as many horror stories have been shared lately on the Internet. Whether it’s about binary options brokers, signals or winning strategies, watch out for the big and sketchy world of this business.

In this article, you will learn what binary options are, some fraudulent practices in the industry, and how to report the crooks. How does the scam work?

Watch the video below to see in action the Binary Options Scam exposed, plus must-see info:

Before everything, you need to understand exactly what binary options are, in simple words and in-depth. In simple words, the best way to explain the binary options trading sector is that it is very similar to the gambling industry, aka the sports gambling websites or casinos.

You can place a bet on just about anything that is publicly traded (oil, gold, money – see video above), depending on which binary options website you use. You can win sometimes, but there is no way a binary options website could ever guarantee you that you will win. Do you ever see a sports gambling website ‘guaranteeing’ you a win on a Yankees – Red Sox or Seahawks – Giants game?

Given the analogy, beware of those binary options companies that pop-up on your computer screen featuring extremely long videos promising a guaranteed win if you join them on the spot. They typically feature some ‘successful’ binary options investor that invites you to come under his/her wing.

You are promised thousands of dollars a day, and all you have to do is to join their program (which, of course, comes with a deposit towards them first). If you join, little do you know that the fine print mentions ‘results vary’ or ‘no guaranteed win’, unlike the video.

All these wonder-binary option trading systems are sometimes advertised under multiple names, with fake testimonials. They lure you in and before you know it you are out your initial deposit, say $200. A few days later, you get a phone call from a “senior broker” asking you to invest $7,500. –>

Feel free to type in the Comments section at the end of this article questionable binary options brokers that you came across.

Binary Options Trading Scam: How To Avoid

The first recommendation is that you shouldn’t gamble on binary options trading, but again, it’s gambling. A lot of people think that they are good at it. Many even think they are very good, even when they lose.

They always find a wrong reason for their lost bet and start over again, as if they would learn from the lesson of the lost bet. The binary options trading industry is so popular because has an aura of being more respectable than the sports gambling sector since it represents itself as offering a form of investing.

At the end of the day, they are simply gambling sites. When you become a binary options addict it doesn’t sound as bad as a casino addict, does it? You don’t even know you are one.

Research the binary options broker very well, as review websites only give generic information about the dealers. Check to see if the broker has a license from the CFTC, CySEC, ASIC, FCA, BaFIN, or another government regulator. On the other hand, it is always a red flag when he regularly calls you to deposit more money.

Last but not least, be wary of robots that ask you to make a deposit, before you can see the settings.

Binary Options Trading Scam: How To Report

Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:

What Is A Binary Option

In more complicated verbiage, a binary option is a financial option in which the payoff is either some fixed monetary amount or nothing at all.

While binary options are used in a theoretical framework as the building block for asset pricing and financial derivatives (a binary option maps to the cumulative distribution function of the risk-neutral distribution), they have been exploited by fraudulent operations as many binary option outlets (outside regulated markets) have been shown to be scams.

The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option.

The cash-or-nothing binary option pays some fixed amount of cash if the option expires in-the-money while the asset-or-nothing pays the value of the underlying security. They are also called all-or-nothing options, digital options (more common in forex/interest rate markets), and fixed return options (FROs) (on the American Stock Exchange ).

Though binary options sometimes trade on regulated exchanges, they are generally unregulated, trading on the internet, and prone to fraud.The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have issued a joint warning to American investors regarding unregulated binary options. and have forced a major operator, Banc de Binary, to cease operations in the US and pay back all customer losses.

Many binary option “brokers” have been exposed as questionable operations. With such binary option brokers, there is no real brokerage; the customer is betting against the broker, who is acting as a bucket shop. Manipulation of price data to cause customers to lose is common. Withdrawals are regularly stalled or refused by such operations.

How To Protect Yourself More

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You’ll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.

4th, August 2020

Add Your Comment

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Unfortunately, there are many people who have lost access to their bitcoins binary options, their ethereum, or to the digital wallets where their cryptocurrencies are stored. Whether you have lost your Bitcoin or other cryptocurrency because of a fork in the blockchain, because you’ve forgotten your password, or because of problems with your storage, you may fear that your coins are lost forever.

The good news is, there is hope– you just need to get the right help. Bitcoins, ethereum, and other cryptocurrencies can often be recovered even in the most complex of circumstances if you have the right man working for you. The man you need is [spam] he working with this recovery team a renowned New York firm with a focus on cyber security, and Cybersec, Cyber Security run by some of the world’s most elite ethical hackers.
Our cryptocurrency recovery service can recover your digital wallets and cryptocurrencies when others can’t, and because you have both legal and computer experts working for you, you get the unparalleled knowledge that computer experts bring to the table to protect your funds. Contact him on email via [spam].

This is to report the website (probot.club) an investment platform for binary option traders to maximize their returns.

The website is a scam website. I invested $200 on April 4, 2020 for (easy start, 45days). My profits is expected to be paid on May 19th, 2020 but yet to received my payment. I contacted them several times but all my efforts prove abortive.

They sent mail to me that my money would be paid but not see anything. When they discovered that i disturb them too much they blocked me on whatsapp. Please visit the website for more information. Thanks

I did lost exactly about $337,000 to a SOLID C F D broker with their website. There are certain mistakes we all wish we had the power to prevent. Sharing my experience on this; Unfortunately for me I joined the queue of Solid C F D brokerage company. I was approached through a call,convinced they were genuine and Invested all my hard earned savings with them.

Look there are so much list of these brokers to avoid. I can only enlighten newbies and brighten up everyone that has fallen for this cheap lies.

However, I have been able to recover all my money i lost to solid c f d with the guidance of an orientated Financial Management/Recovery expert.
I’m open to share my experience on how reaching out to ;[email protected] dissolved my worries.

I am trying to locate and bring together US victims to initiate a major legal action against them. If you can help, that would be appreciated. Franke is an alias to protect my family against these scammers as they are mainly from Israel, Russia, Bulgaria, and the Ukraine. Here is an article about me and if you want to connect by video to see that it is truly me, I am completely fine with that. Probably a first but I took over the site that scammed me and 15 others, Suisseoption and now using it for a good cause. I’ve been doing this for almost two years now and hope to see some justice. I’ve been tasked by lawyers in Washington to locate enough victims to cover a $1 million material loss from these brokers. Then, the case goes forward. It is a hard thing to do considering full time job and family and I can use all the help I can find. Your site has a decent size audience and US based, so I think it would be a good venue. I’m really tired of seeing good people taken including disabled, retirees, people with kids, etc. I will include the list here too again and the news article about me written for a Jewish newspaper in Canada and I’m not even Jewish. Thanks for your consideration and time.

The sites I’m trying to find US victims:
1001carats.com
4u-groups.com
53capitaltrade.com
53option.com
8888markets.com
Airfinancepro.com
Allegramarkets.com
Argocommerce.com
AsicTrader.com
Axeoptions.com
Axetrades.com
Axetrades.net
Bancdetrust.com
Bank2invest.com
Bankandcapital.com
Bankcfd.com
BBBMarkets.com
Betacrypto.com
BFPFX.com
BFPoptions.com
Bh-markets.com
Binaryroyal.com
Bitcoinoie.com
Bnqoptions.com
Bnroptions.com
Bopros.com
BrokerOfficial.com
Brookstone-chessmont.com
BSDoption.com
Bullabear.com
Bullnbear.net
Bullnbear.org
Buzztrade.com
Cabinet-villepin.com
Capalliancepartners.com
Capital245.com
Capitalbankltd.com
Capitalcommissons.com
CapitalStatus.com
Carat4invest.com
Carterfs.com
Cash4ufx.com
Cci-finance.com
Cfdroyal.com
Cfdwin.com
Cfm-ltd.com
Chasecapitals.com
Chase-Saunders.com
Citybankcfd.com
Cityofbinary.com
Coinbrokerz.com
Coneoption.com
Crown-Finance.com
Crypto-arena.com
Cryptobight.com
Cryptocoinfn.com
Cryptonash.com
Cssmarkets.com
Daxmarkets.com
Dealinpro.com
Deroyalbank.com
Diamondinvests.com
Diamondspartner.com
Diamonds-pro.com
Easylinepro.com
EitExchange.com
EMDCapital.com
Executivecrypto dot com
Extick.com
Faexchange.com
Fcoptions.com
Financecorporation.com
Finance-corporation.com
Finance-trades.com
Financetrading.com
financial-strategie.com
Flyfinancialgroup.com
Fx-dealer.com
Fxinvest24.com
FXlatam.com
Fxpin.net
FXVIP.trade
Fxwso.com
Gain-capitalltd.com
GBOCapital.com
Gcg24.com
Generalbank-invest.com
Genevaoption.com
Gettoption.com
Goldenkeypro.com
Gss-fi.eu
GTPCapital.com
Hamiltonfe.com
HWMarkets.com
Idbtrades.com
Interbanctrading.com
International-diamond-negotiation.com
Invertplus.com
Invest-diamond-center.com
Investing-area.com
Investmentsfx.com
Jacobmorganih.com
K2Investing.com
Leaderdiamond.com
Littinvest.com
Lockwoodinv.com
Marketcfd.com
Marketsyes.com
Mclaren-price.com
MegaCFD.com
MegaTradeFX.com
Metainvesting.com
Meta-investing.com
Meta-investing.uk
MFPInvestments.com
MMFinancialexperts.com
Mybrokercorp.com
Noblecapitalhouse.com
Omega-capitals.com
Omegacrypto.com
Optionmagnates.com
Originalcrypto.com
Palonex.com
Perfectbinary.com
Pinprotrade.com
Platincfd.com
Pointinvestmentgroup.com
Prcfinancials.com
Prestigecfd.com
Primebrokerz.com
Primecryptobank.com
Richmondfg.com
Rushoptions.com
Secondinvestment.com
Shterngroup.com
Spdrinvest.com
Spot2trade.com
Starcfd.com
Stbinary.com
Stockscall.com
Stockswiss.com
Strongoptions.com
Success-bank.com
Suisseoption.com
Swissbinarytrading.com
Swisscapitalconsulting.com
Swissfxpro.com
Swissfxtrading.com
Swissmagnates dot artox dot win
Swissmagnates.com
Technopers.com
Thebtcmarket.com
Thediamondsmarket.com
Topdigitalcoin.com
Trade2get.com
Tradegf.com
Tradersliberty.com
Trustcapitalinv.com
Ub4trade.com
UBSOPTION.com
Vipbusinesses.com
Vipmarkets.net
VipWayZone.com
Weberfinance.com
Welcomediamond.com
Wellingtoninv.com
Worldofcfd.com
Wt-capital.com
XCoinbroker.com

I also lost about $450,000 to an IQ option broker and 2 fake binary option website as well but I am sharing my experience here so as to enlighten and educate everyone that is losing money or has lost money to a scam including binary options, dating scams and fake ICOs.

However , I have been able to recover all the money I lost to the scammers with the help of a recovery professional and I am pleased to inform you that there is hope for everyone that has lost money to scam.
you can reach out to them on :[email protected]

I also lost about $175,000 to a Greenfield Capital broker and 2 fake binary option website as well but I am sharing my experience here so as to enlighten and educate everyone that is losing money or has lost money to a scam binary options, dating scams and fake ICOs.

However , I have been able to recover all the money I lost to the scammers with the help of a recovery professional and I am pleased to inform you that there is hope for everyone that has lost money to scam.

Here is a spammer

After being scammed by KayaFX and DailyTrades I began to search for a legit and reliable company or lawyer, who could help me to gain back my stolen 125k. There were few scams on the way as well, but finally, I was told about a UK company, that is the real deal. Thanks to them I’ve managed to receive not only my own investments but also the profit, I’ve made as I find out later. So, huge thanks from me to ScamConsulting SCC. The whole process took about 2 months. I wouldn’t say, it didn’t cost me a penny, but for this type of your own stupidity, you should pay much more!

last year i was contacted by a broker who convinced me to invest into Davorcoin. i made an initial investment of €7,900 and they asked for €14,500 more in order to access my withdraw. i followed their instructions and made another deposit.
i have been trying to contact Davorcoin for 2 months and i got no response.

i am happy today because i have been able to get 100% of all the money that i lost back with the help of a wealth recovery team. I had no problems with giving them 10% from the Money after I got it back.
you can reach out to me for more insight.
optionsrecovery3352 @ Gmail . Com

if you want to be profitable in binary options – do some research, watch how others trade and don’t invest more than 15% of your monthly income, otherwise it can end bad? i also remember when i started binary trading, it did more harm to me than good. I lost some good amount of cash. I lost faith in the system until a friend introduced me to Mr Armstrong, initially I had doubt entrusting him with my funds but thank goodness I did.he helped me in trading and managing of my account,with his amazing indicators and best of his best strategy i invested $350 and made $7,500 in my first week .. i had my LOGIN ACCESS and i was always able to check my balance and trade records daily ..He really turned THE table around, I didn’t just get back all I lost in binary but also in my life. feel free to contact Mr Armstrong via.

I was scrolling through a binary option group ,then i saw a post about Bryan hills forex and binary trading and how i could earn much more than i can imagine, i got in touch with him and he made every step clear to me and how his strategy would work magic. and it really did!! i got $5100 my first week after i invested just $350 if you are having difficulties in trading , he can also manage your broker account,which you will also have your ACCESS LOGIN so as to enable you to check your trade records and balance DAILY contact Mr bryan hills through

Email : [email protected]
whatsapp : +15185546287
direct phone number : +15185546287
Telegram : http://T.me/bryantrade

Moneybacklawyer.com are scammers. They can’t even spell the word ‘lawyer’.

Their video is done by a guy from Fiverr (his name is Pete), their email addresses are all from Gmail. They’ll feed you some cock n bull story about how they can get your money back quickly – when normally this can take months.

Their documentation is shady – lots of red flags. don’t trust them an inch.

BlueMountain Capital
is an absolute Scam recovery manager.
The firm was founded in 2003 on the belief that internet
persistently exhibit artificial segmentation as a result of
Scam and online irregularities.
If you have been scammed in any way and you want your money
back then we are the best people you will want to talk to.
contact us today.

Key Contact: Andrew Feldstein, Co-Founder & CEO
Phone: +1 631-364-4891
Email: [email protected]

Binary Options can either be your worthwhile or quite your downfall, it is
like
betting on black and red in roulette. I was scammed by Option signals
and 24option, lost my money like a lot of other people out here, it’s
quite heart breaking once you figured you cannot withdraw your funds.
Someone
here referred a hacker that can got to hack their server,phones,emails
to get my money recovered and I contacted him, he was able to recover my
funds within 24hours after I explained myself. So if you happen to fall
into this category, contact him and thank me later, he’s very
professional and has been doing it for quite a while now with enough
recommendations.
Also Versatile in all types of hack i guess. Give it a try

??(|Asianhackgod000| |@| gmail |.com|)

BlueMountain Capital
is an absolute Scam recovery manager.
The firm was founded in 2003 on the belief that internet
persistently exhibit artificial segmentation as a result of
Scam and online irregularities.
If you have been scammed in any way and you want your money
back then we are the best people you will want to talk to.
contact us today.

Key Contact: Andrew Feldstein, Co-Founder & CEO
WhatsApp: +1 631-364-4891
Email: [email protected]

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