Category: Binary Options Scam

NRGbinary was first registered in 2013 in London by two Israelis, one of them being Guy Galboiz, but it was never run from the United Kingdom, but from Israel. Also, it was regulated, not by UK’s financial regulator but by regulators in Cyprus and Seychelles. The regulated status shifted from time to time, from Cyprus to Seychelles. In only two years, NRGbinary managed to take millions and millions from traders all over the world. When first registered, NRGbinary was registered to 007 Security Solutions with Guy Galb listed as a…

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The binary options market is unfortunately not safe from various scams that are lurking around, waiting for a chance to take traders’ money. This article represents top 3 scam brokers that traders should avoid at any cost: TitanTrade, AAoption, and BinaryBook. Two of these cases were reported to our customer support, and one was published relevant financial media, after a series of cases of fraud. TitanTrade Binary Options Broker Scam TitanTrade is probably one of the most infamous binary brokers, that is still manipulating many traders with their unprofessional practices.…

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Zeus2 is an auto trader, which is supposed to generate fabulous sums of money for those who sign up for it, download it and… wait for it… make the $250 deposit required by the broker the operation is hooked up to. That’s right… Harrison may tell you in his promotional video that all he needs from you is an investment of time,  but he comes clean in the second video, admitting what he’s really after. As far as technology is concerned, Harrison, who is paid to pretend to be the…

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Binary Master Mind claims to be a “real advanced system with transparent tools”, an auto-trader using an algo-trading platform that sends accurate signals to traders that will enable them to become pros and make them rich. After our extensive review into this controversial website, we don’t have many positive things to say about it. Read our full article to find out what we discovered. First Impressions of Binary Master Mind Binary Master Mind claims to be a ‘secret weapon’, developed by people with over 100 years’ experience in the binary…

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As already mentioned, after a long public debate, AMF in France decided to ban all binary options and forex advertisements, while almost at the same time Belgium banned binary options trading completely. Despite the high expectations by local regulators, binary options public got a chance to watch the same scenario that happened when Israel banned binary options trading. Bans of Binary Options Expose Traders to Scams Unregulated brokers overcrowded the market, and as they are not regulated, the companies behind them are much harder to track and fine in the…

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Vault Options and Global Trader 365 fined more than $4.5m for unlawful off-exchange binary options trading, fraud, and registration violations. To be exact: ‘The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge John Z. Lee of the U.S. District Court for the Northern District of Illinois entered an Order of Final Judgment by Default (Order) that requires Defendants Vault Options, Ltd. (Vault) and Global Trader 365 (GT 365), two Israeli web-based binary options firms, to jointly and severally pay a $3 million civil monetary penalty and $1,587,731 in…

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What is Binary Brain Trust? The Binary Brain Trust system is basically an automatic trading software that executes trades on your behalf. The site’s founder, Martin Clayton, is supposedly the successful online trading Guru behind this advanced system, which promises its members profits of over $5000 per day. How to Use Binary Brain Trust The Binary Brain Trust system works by linking members’ personal accounts to their master account, in order to replicate the trades and in turn, the profits that they make. The system is allegedly founded on over…

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What is the Binary Options Robot Scam? Honestly, at first glance it really does seem promising. I mean, they go about attracting people without the flashy and cheap videos with actors. They do not insist you try or you’ll miss an opportunity of a lifetime or use various marketing schemes, which is what makes this a dangerous scam. The information you are provided is minimal. You have no idea who they are or who is behind the software, there is no real contact information, and you are given the basic…

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Titan Trade is yet another SpotOption white label that markets its offering to potential online retail binary options trading under the catchy motto “Ambition has no boundaries”. Although the actual offering does not really have many remarkable differences or surprises than what is usually on offer by other SpotOption white labels in terms of the instruments, tools and assets available, it is obvious and admissible that the people behind this particular brand have put in considerable effort in order to offer a polished offering to interested traders. The website design…

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