Thank you for visiting the Binary Options Blacklist! On this page you will find an updated list of scam brokers, fraud cases and brokers involved with lawsuits. Many fake sites are attempting to destroy the good reputation of well established binary options brokers. Before signing up make sure to review the Blacklist carefully. If you are currently having issues with the mentioned brokers you can always file a credit card dispute as a last solution.
DO NOT SIGN UP WITH THE FOLLOWING BROKERS!!
Four Markets, VIP Binary, Investing CI, Amber Options, Sycamore Options, EZ Binary, XB24, Safe24Options, TraderXP, Banc De Swiss, OptionsXO, Vault Options, Interactive Option, GTI Markets, Royal De Bank, Golden Binary, OptionMaker, OptioNow, TradeRush AKA RedwoodOptions, Traders King, Tiger Options, VIPBinary, Option Trader, Global Trader 365, Option Area, NY Stock Options and Trader’s Room.
Avoid the following signals services and fake auto traders – Get Rich Quick Scams!!!
Binary Matrix Pro, The Money Glitch, Bullish University, My Profit Formula, WikiTrader, Click Money, Trade Fusion Exposed, Plenitude Formula, Polygraph Millionaire, Orion Code, Zen Trader, Zeus 2, The Royce Code, FinTech, Charity Profits, Instant Cash Club, Traders Revenge, Dubai Lifestyle App, Gemini 2, Penny Millionaire, Spectrum 7, Lexington Code, Prove My Profits, Wiki Trader, Wall Street Focus Group, Cash Loophole, Fast Cash Club, Lucrosa, Terabit Trader, Mobile Binary Code, Onassis Alliance, Binary 5, Shepard SDP, Modern Profit Professor, Opus Formula, Profit Replicator, Azure Method, Insured Trading, Centument Project 2.0, Profits Eternity, Bitcoin Money Machine, EUxit, Mirror Trader, Compound Trader, The Profit Hack, The Cobalt Code, Currencies Club, Zero Loss Formula, Swarm Intelligence, 7 Figure Club, Cash Formula, Perpetual Formula, GPS Trader, Maximus Profits, Click Trade App, Alderley Code, Brexit Bot, Dream Catcher, Playboy Money Machine, Safe Guard Trader, Brexit Money Machines, Underdog Millionaire, Regal Wealth, Quantum Code, Nesdek, The Midas Method, Hedge Formula, Ice 9 Technology, Terran Capitals, 97 Partners, Profits Infinity, 10 Day Social Profit, Free Money Guaranteed System, Hoffman Stein, Dream Profits App, Lie Detector Millionaire, Disrupt Trading, Auto Trader Alpha, The Sydney System, Quantum Income Machine, The Malay Method, The Final Algo, Greenwood Formula, The London System, The Italian Method, Wall Street LifeStyle, Virtual Income, Bank Tracker Bot, Limitless Profits, The Dutch Method, Profit with Cindy, The Millionaires Club, Rapid Income Method, Trade X Confidential, Forex Multiplier, Qbits Mega Profit System, Profitinsiderpro.com, Your Legacy Club, Dow Jones Focus Group, Sleeping Money Machine, My First Online Payday, Phoenix Trading, Prizm Tech, Binary Freedom Formula, TrianaSoft, Gold Trade Microsystem, Zulander Hack, Stark Trading System, Elite Millionaire Society, Certified Income, Simple Profits, The Amissio Formula, Guaranteed Payouts, Profit Magnet, Daily Trader Club, MockingBird Method, 50K Mission, BinaryBrainTrust, Drexel Code, BinaryoptionRobot.com and Binary-Option-Robot.com, Safe Zone Strategy, Monaco Millionaire, WonderClicks, Midas Touch App, Cash Code, FB App Bot, TradeFusion, binary Vault, Quick Cash Plan, Grand Prix Cash, Rock The Stock, Magic Money Machine, Secret Millionaires Club 2016, Nautilus Method, Push Money App, Wealthy Wheat Trader, Magnetic Profit, Trade Sniper, Canuck Method, Infinite Profits, 1K Daily Profit, Hercules Profit Pro, Larry’s Cash Machine, 3 Week Millionaire, Global Profits, Million Dollar Months, Power Profit Platform, Push Button Commissions, Protected Profits, Binary Boom, Golden Paradigm, Verified Trader, Fisher Method, Lucky 350, 5K Daily Profit Club, Secret To Success, Irish Method, 2015 Millionaires’ Club, Automated Cash Signals, Profit Maximizer, APPLE Mobile Stock Bot, Easy Money Method, Currency Code Counter, Secret Money Vault, Guaranteed Outcome, TSISystem, My Cash Bot, Elite Trader App, Einstein Method, Millionaire Blue Print, Online Black Market, RevTraderPro, NewYearMillionaire, 30 Day Change, Gold Digger, Binary Secret, Quick Cash Plan, The Covert Society, Insider John (App 810), Quick Cash System, Ataraxia 7, Trade Tracker Pro, Guaranteed Wealth, Samaritan System, Oz Robot, Golden Goose Method, Cheat The Odds, 7 Day Millionaire, Insured Profits, Aussie Method, Tokyo Bot, Wealthy Trader, The Financial Echo, Legal Insider Bot, Millionaires Club, Auto Profit Replicator, Safe Trader App, Binary Hijack, The $100K Club, The 1 Percent Club, Daily Binary Profits v7, Global Millionaire Club, Binary Chaos and Commodity Robot.
Rami Nasri, the owner of Binary-Option-Robot sent a criminal threat against BOWD:
Many of these services were blacklisted on BinaryoptionsWatchDog.com and you can also share your comments below regarding any of the above services or if you know of a different scam traders should be aware of.
GOING VIRAL: Golden Paradigm is a FRAUD!
How To Identify a Binary Options Scam? At times traders can fall into the hands of a fraudulent company, pretending to offer the same services and level of customer care that the popular brokers offer their users. Depositing your money is easy with any company you signup with, yet the withdrawal process might quickly become a nightmare if you signup with the wrong broker. I am committed to keep the Binary Options Black-List up to date. One of the first signs is the lack of customer service and if the customer service team is unavailable during business/trading hours they probably won’t be around when you ask for your money back. Another way to identify a Binary Options Scam is by conducting a Google Search to find any negative testimonials and reviews on the company and it’s recommended that you background the company before you signup. It won’t help much to research the company after you already funded your account.
I signed up with a bonus and now I can’t withdraw my money, what can I do? In many cases, traders without any online trading experience fall into the New Account Bonus Offers that restrict the trading account. This restriction is referred to as a “Loyalty Offer” which sounds better, yet in reality a bonus restricts your account to a trading volume requirement that is usually much higher than the deposit amount, locking your funds with the broker until you satisfy the condition. Does it mean you got scammed? If the representative explained the bonus restrictions and you still decided to take the bonus, it’s not a scam. If the broker sets you up with a bonus without asking you, it’s a scam. Over all I don’t recommend signing up with any special incentives and bonuses.
I want to request a withdrawal and they are asking me for a picture ID and my credit card information, Should I give them my personal information? Some traders may confuse the standard identification procedure implemented by all brokers for the safety of the users for an identity theft scam of some kind, yet this is a necessary procedure to ensure that the customer requesting the withdrawal is the same account’s depositor. If a binary options broker asks you for your Social Security Number of any other sensitive information besides your ID , Utility bill and Credit Card Info this might be a binary options scam and you should never give out this information!
I’ve been scammed! How get I receive my money back? If you are %100 confident you signed up with a scam broker you can file a dispute with your credit card company and cancel out the transaction, in most cases you will lose if you don’t have sufficient proof that you didn’t receive the services you signed up for so the burden of proof is on you, the customer. Disputes may take up to 30 days but in the case you did in fact get scammed this might be your only possible way to get your money back!