Online Black Market is a hideous SCAM!

By | May 12, 2015

I review many online scams, such as the newly released ‘Online Black Market’, the subject of today’s review, and I can tell you right now that this software is one of the most manipulative offers I’ve encountered up until now. The website is different from the usual “are you sick of being poor? type scams”, it actually looks and sounds very convincing. In this case they literally took a topic of interest, the deep web, or the underground ‘black market’ as some people refer to it and entangled it with binary options trading. I won’t go much into the deep web, but it’s basically an encrypted market place for people who are looking to exchange illegal goods and services using the browser TOR, the truth is that binary options has nothing to do with any of this and though it might sound sophisticated and different from the regular ‘get rich quick’ pitch, you should be alerted that the Online Black Market is nothing more than the typical scam.

I know this for a fact as this product was launched on May 4th and so far I received nothing but complaints via email regarding this software which appears to be a white labeled automated binary options software with a losing ITM success rate. I still can’t wrap my mind around how they managed to connect between the deep web and binary options, but it surely targets those who might be inclined to believe in conspiracy theories and there’s demand for everything I guess.

The pitch page of the website looks different, it looks like a cheap imitation of YouTube, try to like or unlike the video or watch anything else on this page…It’s obviously a poorly made image static image. I am not sure what else I can say about this scam. I am not very much familiar with it besides all the emails I received from people who are reporting a success rate of less than %50 ITM, which is a losing one if you are trading binary options, with such poor results you will land your trading account in the ditch fairly quick.


It turns out that even though the fraudsters behind the scam were creative this time, they still failed to provide users with a legitimate binary options software. I hate to break the news to you if you are reading this warning but unfortunately there’s no underground secret software waiting for you on the other side, however since I never tried this software, I can’t really give you too much insight or details on the software in question but I will certainly appreciate if others will choose to share their experience or any information regarding the Online Black Market scam below this warning. I am adding this website to my binary options scams blacklist today, I was going to do it a few days ago, but I wanted to see if I will continue and receive more complaints and unfortunately I did so I am hoping that this review will hit the first page on Google within a few days and people searching for reviews on this fake offer will land on this page and save a $250-$500 deposit instead of landing on all the paid promotional reviews for the Online Black Market. May the truth go viral!!!

Sharing your experience will surely help so don’t hesitate to comment below.

If you are interested to learn more about binary options you can visit Mike’s YouTube channel. I posted around 200 videos on binary options tips, brokers, strategies and warnings. I recently established a Facebook signals group and community for online traders and I encourage you to watch my latest videos and learn more about it. Good luck to everyone and hopefully this review will save as many potential victims as possible.

4 thoughts on “Online Black Market is a hideous SCAM!

  1. epicallyfun

    Thanks for letting us know about this scam, I love these articles. Online Black Market hahah such a funny name.

  2. Janette

    Thank you so much for the heads up! Keep us in the know! It’s important work that you’re doing.

  3. Kelly

    Thanks for another exposure review! The “Online Black Market” actually scares me – it is the kind of scam my Dad would fall for. It is also a sign of how sophisticated ‘sounding’ these scams are becoming – it’s definitely making it more difficult to identify a potential scam! Thanks again for the review 🙂

  4. Jamesr little

    This website Online Black Market looks so silly, I would never sign up with this BS in my life. That you for accepting me to your group Mike and by the way, I watched the entire video on this Black Market thing and it cracked me up really haha I really feel bad for people who fall for scams like this one.


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