Black-List & Scams

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. Please email me at for the complete list of scams or if you would like to report a scam broker not listed on this page.


Four Markets, VIP Binary, Investing CI, Amber Options, Sycamore Options, EZ Binary, XB24, Safe24Options, TraderXP, Banc De Swiss, OptionsXO, Vault Options, GTI Markets, Royal De Bank, Golden Binary, OptionMaker, OptioNow, Markets World, TradeRush AKA RedwoodOptions, Traders King, Tiger Options, VIPBinary, Option Trader, Global Trader 365,  Option Area, NY Stock Options and Trader’s Room

Important Update: (11/03/2015) what do you think of XTP APP ? Review.

Avoid the following signals services and fake auto traders – Get Rich Quick Scams!!!

 Binary Matrix Pro, Profit with Cindy, MockingBird Method50K Mission, and Binary-Option-Robot.comSafe Zone StrategyMonaco MillionaireWonderClicks, Cash Code, FB App Bot, binary Vault, Rock The Stock, Magic Money Machine, Wealthy Wheat Trader, Trade Sniper, Infinite Profits, Hercules Profit Pro, Larry’s Cash Machine, 3 Week Millionaire, Global Profits, Push Button Commissions, Protected Profits Binary Boom, Verified Trader, Fisher Method, Lucky 350, 5K Daily Profit Club, 2015 Millionaires’ Club, Automated Cash Signals, Profit Maximizer, APPLE Mobile Stock Bot, Easy Money Method, Currency Code Counter, Secret Money Vault, Guaranteed Outcome, My Cash Bot, Elite Trader App, Millionaire Blue Print, Online Black Market, RevTraderPro, NewYearMillionaire, 30 Day Change, Gold Digger, The Covert Society, Insider John (App 810), Quick Cash System, Ataraxia 7,  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, 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 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.

To file complaints you may also use the following website Binary Options Scams by BinaryoptionsWatchDog

Binary Options Scams – Questions and Answers 

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 and I encourage users to email me at is you have any major issues with your current broker.  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!



For more information on Binary Options Scams and Black-Listed sites or if you have any feedback on any of the Black-Listed Brokers be sure to email me at Mike

Leave a Reply

  1. Hi

    Can anyone tell me if “The Mockingbird Method” is the real deal or a scam? Also the broker they deal with: RB Options? I have my doubts!

  2. Hello Michael, I would like to warn everyone of the scam broker called ICI or, they will trade your money for you using risk management and will not risk more than 5% of your account value, I believe the trades are fake trades, my account more than doubled in less than one month and then I deposited a larger amount and again my account more than doubled in less than one month. Then they convince you to deposit larger amounts by wire transfer and later when you want to withdrawl money from your account they invest all of your money into a single long term trade without your permission so that you cant withdrawl any money out of your account, this is a scam broker, please warn everyone about them, other investors are being scammed the same way I was scammed, I have proof anyone would like to see

  3. I have discovered that Porter Finance is manipulating the data on their platform. I was trading the DOW index while watching one of the financial channels on TV. I noticed that the market quote on TV was 50 to 70 points difference on the TV banner. I called my broker about this he told me not to trust the chart or the data on the platform. I checked with another binary broker and he confirmed that if Porter Finances provides a data feed it should be in sync. Take my advice and take your business somewhere else. If you trade on this sites platform you are wasting you time. The data feed was from Fox Business Channel here in the USA

  4. Great list, thanks for sharing all blacklisted companies, I wonder how is possible that some brokers are regulated by official regulators and they are still scamming and there is no trader protection.

  5. I test binary option robot from 13 august now with €1 trades. It’s break even, so in fact a worthless product.

    • Hi Carl, I received two complaints in the last 3 months. I am not sure what to make of it. Did you test it out? I am not sure yet but I know it’s probably not a high performing service either way.

  6. Hi,
    Thank you for a wonderful job you are doing to help others and would have really helped if i found you before i lost money. I just have a doubt as i see “Gold Digger” in your blacklist page. And when i goto the best trading signal page i get “Gold Digger” for the best app.

    Thanks & Regards
    Renjith Ravindran

    • Hi Renjith, I blacklisted the software right when it came out in order to point people to the review on Watchdog for the purpose of getting some feedback. Ever since the software came out, many members have testified and sent over performance results indicating that Gold Digger is working, especially for the commodity signals. They also have a fully automated trading feature that is available for most member. I apologize for the confusion. I will still leave them on my blacklist for a few more days in order to see if someone will step forward and report a negative experience because so far it’s not the case.

  7. Warning about 500option, I try to withdraw money and my first request was 6 september, it’s now 11 october and stil not received a dime. If I call or email them they say it’s still pending and the financial department has to review it and they can do nothing about it. There are a lot of withdrawals so they are very very busy is the same answer over and over again. If I ask them to connect me with the financial department they say they can’t. Stay away from this broker, I had some other issues with them before.

  8. Agreed with Jerry. OPTION.FM is totally a scam. I applied to its ProfitReplicator (also a scam, you will lose money with money), but I ended up being caught by a representative to who lied and I lost 3500USD with him. He promised the huge profit. I experienced with Dave Serrano (Account Manager). I lost 3500USD. He asked me to press Double Up 9 times without explaining what it was and he left during the session. Please stay away from Option FM. I am waiting for the result from the bank if I won the Depute Letter process to get money back. Finger crossed for me. I wish everyone read this before they choose binary option.

  9. Keep clear of OPTION.FM. SCAM ….. Head account manager Barry Alanis could not pick a winner in a one horse race. Uses underhanded tactics, and LIES to get you to inject funds into your account. My advice steer clear.

  10. hmmm mike as i said yesterday i have a uk options account, not had any probs at all with them? i dont no what happen langwang and cornshaft? but mybe you need to talk to keith from options ex he has a account with them {uk options}
    i dont think they should be black listed just yet? but i guess thats up 2 u? i will just say i have had a uk options account since march 2015 made 4 withdraws got money no probs money from trades placed with your face book groups help,cheers have a great day

    • Keith is a legit guy and the two individuals posted comments from the same exact IP, and they also tried to post about 6 comments with threats and accusations that I am collaborating with UKoptions. Since they didn’t email me any evidence as I requested I am going to remove UKoptions from my blacklist. I gave this individual an opportunity but it can also be competition, you never know. If anyone has real feedback on UKoptions, email it to me and show me evidence before you ask me to blacklist a broker. Thank you Marc!

  11. Hi Michael, thank you for blacklisting UK Options. You have just saved a lot of money for a lot of would-be victims. I sent an email to the email address provided by you above, requiring confidentiality guarantee before providing you with my Skype exchanges with the leader of the pack, but have not heard from you in response as yet. Anyway, I’ve decided to send you the screenshots of those exchanges, having faith in your integrity.

  12. Hi Michael, I read some very informative comments on how the scam broker UK Options operates, but unfortunately those useful comments, which can save many of your readers from being scammed, were taken off in a hurry. Can you tell me why?

    • I already approved tons of your comments on many posts all over my site on UKOptions, I don’t approve all comments, especially repeat comments. I can get flagged for duplicate content by Google and I have a feeling that you posted the same exact words all over the Internet.. so I am sure that your case was heard. Of course I do work with some brokers, but I only work directly with brokers I trust, such as Topoption and Anyoption, brokers with EU regulations and a good reputation. Most brokers in this industry are gambling scams and I never denied it, on the contrary, I spend a lot of time warning traders of potential risks. Email me at if anyone wants to debate any topic with me, but if you keep posting comments over and over, I am not going to approve it. Just look at my top 5 brokers on the side if you are interested to know which brokers I support.

  13. I made a withdrawel of GBP500 from my account with FTrade. Just over half of it arrived in my account.FTrade tried to tell me that my bank was at fault in the conversion from GBP to ZAR. I got our Banking Ombudsman involved and they found proof that FTrade made the deposit in ZAR not GBP. Although they claim to have offices in London and Antigua they are not regulated in either country so bye-bye GBP200. FTrade has a whole lot of front men that promise to sort out the problem-nothing ever gets done. I can only conclude that this is their modus operandi for stealing money deposited with them

  14. Thank you very much Con for your invaluable information about UK Options. One of my friends has just been robbed by these scoundrels, and I stopped another friend and myself from falling into the same trap set by these mob of fraudulent thieves, after reading your posting here. So readers beware, stay well away from UK Options; whatever deposits you make with them, I can guarantee that you will NEVER get a cent back.

  15. “without prejudice” – Well that was a great experience… They are good at telling you how good they are, how successful they are with their trading (claims of 90% through normal trading and 95% successful with special event trading). They tell you the only people that don’t make money with their system, don’t follow their instructions or are gamblers (also that they kick these people out because they are loosing also “rboptions” money). Let me say I followed their instructions last count I think 15 trades, they gave me about 14 losers. They promise that trades are insured and that they do this because their system is so successful that they loose so few trades, that it gives traders confidence. They insure trades but then want to after the fact, say they do not insure all trades. I started my trading with Adam Devine, this is where almost all loosing trades suggestions originated. He then passed me to Jack Woods to supposedly recover the file (he proceeded to give me one winner and one looser, net position backwards again). Adam Devine then tells me they will slowly recover the file again (two of these trades, the only times I didn’t follow their instruction (I halved the suggested investments, lucky they were both losers). When he finished there was $15 left in my account, then he puts me in-touch with Joseph Wolf (Head Broker). Joseph then gives me the pitch about investing more money, so they can recover the position yet again!! How much more would you invest with losers with a track history like this, seriously?? I sent them an email asking for clarification a week ago, asking if this was nothing but a scam? This I got no reply to, I phoned today as a follow up to speak to Joseph to seek clarification (left a message and Adam phoned back) I could hear Joseph in the background saying he was too busy to speak to me. Clearly they have already moved on to the next sucker!! I asked at the end of the call, so I guess when I complain you will say “Oh he was a gambler and didn’t follow instruction so we kicked him out!!” Guess they work on the basis that they trade you to a looser, send to the next trader (they become a looser), pass them on to the next looser!! – Don’t believe them!! RBOptions=Rubishoptions

  16. I wish to draw your readers’ attention to one of the biggest scams under the sun: UK Options. What they do is to lure you initially with a bot they boast to have a success rate over 85%. However, in actual fact it does nothing more than deducting a fixed amount from your account on a daily basis, without any trading records whatsoever. Then their “owner” will step in offering to help you to trade successfully. If you accept his help, he’ll reset your password without your prior knowledge and consent, so that he can trade for you. You don’t have to be a genius to guess correctly the outcome of his “help”. So keep a wide berth from this mob of scammers, and don’t say I haven’t warned you.

  17. Last week I started looking into Binary Options. I have since been bombarded by three companies: Rock The Stock, The Aussie Method and HFT Shield. I know HFT Shield was just formed last month. But do you anything on any of them? I’m getting at least an email a day from them asking me to subscribe.

    • Hi Phoenix, I am not really familiar with this company. If anyone has any feedback let me know. Based on Alexa it seems like a fairly new website. I can’t really tell you more since I never received any feedback via email or on any of my blogs concerning BossFin. Mike

  18. Stay away from AutoProfitReplication and OptionFM. I signed with AutoProfitReplication and deposited $250 with OptionFM. Once I deposited I was caught by a broker (not sure if he is) the one promised me that he will help with training and give bonus and make me a lot of money. That’s all. He convinced me to take money from Credit Card 3500. He made me lost in 2 days. He was real scammer, no training, only control, persuading to deposit more and more. Please stay away.

  19. May fair options is a scam. Most of you might assume this is a hoax and we just had a minor bad experience with Mayfair options but they have a particular method of fraudulent activities.
    The procedure goes like this…you will receive a call from Mayfair options if you had enquired. Now do expect a call from a guy with the most charming voice and who is a well-trained sales associate. He will manage to talk you into depositing 1000 USD and we frustrated with our 9 to 6 jobs would like to make a little extra money would not hesitate to go ahead with it. After all the promises and good hope the moment the amount has been transferred you will never hear from them again. Their websites are shut down, no response to telephone calls and this goes on for a month or so. Finally we decided to speak to the bank to report a fraudulent transaction and then do expect a call from Mayfair informing us that we have been trading actively though we haven’t. The account gets blocked somehow and then the bank calls stating that we have been trading actively and with PROOF of all transactions. Mayfair doesn’t realize that this 1000 USD that was deposited was not an easy form of income and they would have to face the consequences for their actions.

    This is for those who would like to take a break and make an extra buck well I guess we should just stick to doing it the right way. After all if there’s no pain there’s no gain.

  20. Be warned about FX Profit Boom. It is extremely hard to learn and use, especially for newbies, contrary to their claim that anyone, including beginners with no trading experience, can use it. Also, if you are thinking of getting a refund, forget about it, because you’ll never get a red cent back despite their 100% money back guarantee. So take my warning and stay away from this mob.

  21. I want to alert your readers about one of the worst, lowest, most unscrupulous late- comer scammers by the name of FX Profit Boom. It makes grossly exaggerated claims regarding the easiness to learn and use it, the huge profit it will rake within minutes after purchasing its package, which even someone with no computer or technical knowledge whatsoever can master. Contrary to these wild claims seen in Tanthan Jackson’s glary, cheap and gaudy promotional materials, the fact of the matter is that the instructions in the package are packed with complicated charts, and incomprehensible instructions, which no average person could understand, and worse still, I can’t even open his files. The worst part is that there is no chatting platform, telephone number anywhere to be found on their website, except an email address. However, when I wrote to them for help I never got a single word in return, and I found out later from my service provider that the email address couldn’t be reached. So it’ll be a waste of time to request a refund, because your email asking for refund will never reach them! I don’t know who this Tanthan Jackson is, despite those unsubstantiated credentials, but to me he would be one of the lowest low-life scammers. So warn your readers to keep a clear berth from this predictor. Once you have paid the first subscription cost, he would use those cheap second-hand car salesman tricks to pressure you into buying more expensive packages. I can assure you that whatever money you pay him, YOU WILL NEVER GET A RED CENT BACK!

  22. Any reason have you removed Yesoption from Recommended Brokers list and I’m surprised to see Interactive option where the customer support is next to nil.

    • Hi Anhjan, Interactiveoption is EU regulated and they are perfectly fine, I admit they have a terrible verification process and they are pushy with deposits.. they are not on my top 5 let’s put it this way. As for YESoption, thank you for reminding me because I have to erase some other reviews concerning this broker, just yesterday I receieved a serious email from someone who’s working on a case with the UK police relating to YESoption and money laundering activities.. I am not sure who to believe, but I don’t want to be involved with an unregulated company that’s being investigated.. I told the person who emailed me that I can care less about him or YESoption, but either way I decided to remove them. If YESoption can present be with contradicting info I might avoid blacklisting them but I will not be promoting them anymore. My focus is on my top 5 brokers and by the way, Interactiveoptions (even though they are EU regulated) are not on this list.

  23. How are they a scam,Peter, you can’t make statements like you have, unless you elaborate your thoughts and experiences.As for I don’t think it is a scam, obviously these guys are going to be recommending Forex Steam and others, too, they need to make their money, somehow, but, just because they have trialled these, doesn’t necessarily mean that you, or I will have the same results.I personally make my own decision, regardless of what these guys, or any other software creator/purveyor claims.The problem with many software packages is they very often limit the pairs and/or commodities you may choose from, and most get at you by setting minimum trade/lot sizes to $25 in the case of Binary Options.However, given the above, and in the case of, personal experience, I hesitate, when you say they are a scam!!

  24. what about this on
    Binarny Brain Wave, Binary Options Bullet and Binary Today are owned by the same guy, John kane.
    Stay away from that site, and is also his side, its a scam

  25. RBOptions? should be here too. They have very agressive sales persons/brokers. First there is this bonus trap. They want you to quickly deposit money and they give this “bonus”. Then you are signed for *20 turnover which gives them good time to market deposits for you.

    If you or them lose money (if you they blame you for losing comissions) and try to make you feel bad for them. They will ask more for “COVER LOSSES”. If you don’t lose they can give wrong signals for you and ask more money.

    They will give you at first few good signals, after that they hold back only for asking more deposits to get something “SPECIAL” signals.

    No one as I know has ever been able to withdrawal as much money than they deposited.

    Conclusion it is scam

  26. Hello, Michael! This is the first time i’m leaving a comment here. I really would like to thank you for your efforts in educating newcomers and helping us all avoid the scammers that srping up like mushrooms after the rain, – your channel rocks, your unique facebook signals group is simply amazing, i’ve never seen so many consistent itms. It’s great and i feel lucky to have found you on the internet. Thank you =)

  27. Thank you Mike, at least I know that everybody who reads your blogs and blacklisted brokers will be safe from GTI Markets clutches now. Appreciated.

  28. Hi Michael, I would love to request you please add GTI to your Black List of traders, but all I can give you is a personal actual happening of fraud to the tune of Eur22,000 from my account with them. I know you would 1st need to check them out, but they will be great….until your 1st withdrawal request, by then it’s too late, kiss whatever funds you had goodbye. All I can give is a lot of documentation as proof they are fraudulent. Oh, and not regulated. May I send documentation to email?

    • I trust you Les, you are also not the first one to complain, it’s about time! Avoid GTI Markets everyone!

  29. thank you mike for taking your time and resources to make sure that we are safe and we can trade peacefully, keep on doing what you do best.

  30. May I ask you if Bank De Binary can be trusted? from what I have hear they are a disreputable and shady bunch.

    However, as you have not blacklisted them,I may be wrong?

    What is your opinion?

    • Fair Question.. The problem is that you will find conflicting reviews. They did become regulated not long ago and it seems like some traders are happy with them. I am familiar with some of the negative campaigns and testimonials on this company but I don’t want to mistakenly blacklist a company if I am not %100 sure that they are a scam. In many cases traders email me evidence: and based on evidence I blacklist companies, otherwise I can be sued. If anyone has evidence to support that Banc De Binary is a scam, please email it to me.

  31. very trust worthy review, I love reading every single one of them, anyone who reads this page will be inform of any kind of scams out there, this is by far the best scam reviews blog out there, Michael I responded to your email, please just take a moment to read it, thank you

  32. funny all the above mentioned scams seem to route from the clicksure website ive been watching these for a while its just a haven for bogus software and scamming affiliates to rip you off of your money. it would be a good idea if it was possible to get the clicksure site shut down

  33. Would Don Michaels be the same guy that rang me maybe more than 8 months ago, gave me gold, and it lost? I lost %50, he was trying to get me to bet $150, I said no, because it lost, fortunately I have never heard from him again.Point 2, in relation to Apple Robot, and Wheat Robot, I have not invested in them, because, I noticed in the results screenshots, there is not any APPLE bets, nor in the case of MR WHeatman, I nevetr saw any WHEAT bets, Fishy do you think?

  34. Hi traders this is a warning of some scammers out there proclaiming to have the so called trade calculator, that makes fornominal profits. be aware of theses people Nathan Buckle, his wife Sarah Buckle, his mate John Kane, Pamela Chalmers, they will promise you the earth and deliver nothing, they have ripped me off for $3000 they will respond to all your emails when they are wanting money, and when they have it they will run and hide like cowards and the scumbags they are, beware of Zenith trading who they claim to use who develop the software, total scumbags and not to be trusted. if you have been ripped off by these people let me know as im using a debt collection agency to hunt them down.

    • The Apple Stock Robot looks a little bit suspicious I must say. Any feedback would be appreciated.

  35. sorry pat you lost so much money . i was with option fm as well but as soon as they started hitting me for more money i canceled my accounts and credit cards for they hit them without your permission as well. i cannot get my head around you put that much money into it wow!!!!!!!!!

  36. Hi, Great site thanks for all the info…Any information on binarybook and profits with Cindy?

    Thank you,

    • H Cynthia, Thank you! Unfortunately Profit with Cindy is a scam, her real name is Katie Harvey and she lives in Dublin, UK. I actually hired her to prove my point and asked her to lie about riding with me in “my new Lamburgini”…yet I don’t drive one. She is completely exposed now and is definitely a scam. I also included a link to her personal Facebook page in the comments below the video. Here it is:

  37. This is about Binary option potential Scam and how it could possibly be done.
    This is how I believe Don Michael from Option FM makes a lot of money out of the everyday person like me. I started with Option FM in November 2014
    To lure me in, Don offered Alibaba long term trades and said that these were secured. Over the first 2 months we made money on these trades. During that time, Don and I established a good relationship. Then Don started to put me under a lot of pressure to deposit more and more money.
    Don kept saying that he wanted me to reach the Tier 1 group because this group had people working full time at selecting winning trades for this special elite group. To reach this tier 1 my account needed to be $1,000,000.00 by January the 1st. Don said that should the account become smaller through losing trades, I would still remain as part of the tier 1 group for the year and have access to his team of analysts.
    Don also preached that he always traded long term trades, that these are less risky than the short term binary trades.
    To get more funds from me, Don had his team doing some research and we did a training session during which we made a lot of money. This re-enforced my belief that he was the real deal as we were doing really well in growing this account. “We make a good team” he kept saying. So while being pressured, depositing more money into the account appeared to be the way to go.
    For all losing trades at the beginning, Don covered them with “Bonus Funds”. He called them “secured trades’,
    We kept trading, some of the trades were winning and for all losing trades, Don covered them with bonus money so the account still grew. While this was happening, Don continued to pressure me to deposit even more money. He advised me to sell my shares from my other trading accounts even though they had to be sold at loss. I did follow Don’s advice because he had demonstrated that one can make more money quicker with Option FM. At the end of the day being so close to retirement, I was looking for a way to generate cash flow. I mentioned this to Don and he said that he had set a plan to do just that.
    Don is extremely talented at getting more and more money from you. Don also suggested that I could borrow more money from friends, even from money lenders. He showed me and made me truly believe that his research and analysts team could identify winning trades and make you a lot of money on the Option FM platform.
    The account grew. When I requested a small amount $10k to be paid back, it took time but Don did transfer it back to me as it was a very small amount compared to what the account level was at. This was also another way of showing that whenever I wanted money back, there would not be a problem. Don built up my confidence and eliminated the idea that “this could be a scam”. I started to really trust this guy Don and created a very good relationship.
    The bonuses amount deposited into the account were growing because we kept losing some of the trades while these trades were “secured”. My own deposit also grew because I was depositing more money from my other share accounts, from my saving account, from money borrowed, etc. The overall account was also growing because we had won some trades.
    All along, Don kept telling me that he had a plan but he never said what the plan was, even when I asked him many times to explain. I also asked several times for Don to issue me the Bonus condition document from Option FM, but Don never did. Don never explained how the bonuses work.
    Now 10th January 2015, the account shows a balance of $1,100,000, $500k of bonuses, and ~$400k that I deposited and $200k from previous winnings.
    I needed a sizeable amount of money back ($224k) to cover some of my financial commitment. I had highlighted this need at least a month before I needed this amount. When reminding Don about the money I required to be transferred back into my Australian account, I am told that I cannot get my money at the date I wanted because we needed it in the account to be part of a tier1 group. To be part of the Tier 1 group one needs to have $1M in the account. Request upon request the date for my request kept being delayed. In the meantime, I get a letter from Option FM written by Don advising me that from now on all trades are unsecured.
    14th January 2015, I keep asking for my $224k but I am only promised that “the withdraw” is in the system and that I should get it within the next couple of days.
    On the 19th January 2015 we started trading and in one session my account goes from 1,100k to 800k. I understand that one cannot win all the time and that this session was a losing one. In trading it happens. On the next couple of sessions the next day the account dropped to $500k. At this stage I am querying the reliability of the Tier1 group recommendations and I get very worried about getting the $224k which I desperately require by then. I still trusted Don but was getting very concerned.
    According to Don, when you reach the tier 1 status, it allows for each trade to be $15,000 rather than being limited to a maximum of $8,000 per trade, so we were now losing very fast. So when the account dropped to $500k, I again commented that we were losing a lot of money and asked the question “[1/20/2015 9:07:24 PM] Patrick Venaille: Don all these trades are protected yes? ” to which I was answered a very ambiguous answer “ [1/20/2015 9:08:40 PM] Don Michael: The protected applied to them”. which to me meant “yes” protection applied to them. Since I trusted Don 100%, I kept on trading the trades Don was telling me to trade. As far as I was concerned we had made some money before using the Tier 1 recommendations.
    We were trading late that night, I was working the next day, the account was decreasing and I needed to go to bed. Don insisted that we had to do more trades. I have never place any trades on Option FM by myself, they were all based on Don direction. I had seen the account going down and up before and ended up making a some money, so I kept placing the trades Don requested me to do. At the end of the trading session, we reduced the account to 9K. When questioned during these last trading sessions Don said that it was just “turn over”. When requested what he meant by that, he did not explain what that meant.
    The next day when I realized that these losing trades were not put back into the account, meaning that they were not covered, and that I would not get the $224k I desperately needed. I then knew I had been done and had also lost all my deposited funds.
    I realize now that this account has probably never been real. Don was never going to allow me to withdraw $224k because the money showed in the account was never real money. This could have been like a training account,”paper money”. All the money I deposited is probably in Don’s or Option FM Company’s bank.
    If this is not the way it was done, then why did, as soon as I wanted to withdraw $224k, basically the next day;
    1- Don sent me a letter saying that from now on trades were not secured.
    2- Don reduced my account in a few sessions to 9k so that I definitely could not get the required $224k. The last 2 sessions felt like a rampage, trading short term 10 trades at a time with some being 1 minute to 20 minutes of expiry contrary to what he had said, that he only trades long term trades as these were less risky. It felt like Don did not really care that the account was reducing.
    I believe that Don Michael from Option FM is a scam. I have lost over $500k AUD and am about to lose my house.
    I am hoping that other people read this and do not get into the same disaster.
    I would like to know how I could get him and his company Option FM to justice.
    I have emails and transcripts from my conversation with Don Michael via Skype to support my claim.

  38. can any one tell me about Magnunoptions binary i have been looking for a HONEST place if their is one or can some one tell me if their is one thay are in and tradin it that will not steal from you and let you withdraw what you got or earn help if i can be help thank you Kinghttempler

  39. I was interested in trying a robot as I do not have time to learn or to trade. I was forced to accept Amber Options as the broker! To everyone – KEEP AWAY!! I never got as far as using the bot, but was talked into joining a “webinar” that “guaranteed” a certain figure depending on your investment. Extract below of their guarantee –
    Good evening,
    As I promised below you can find everything about the webinars. Every webinar is 100% secure and it gives you about 85% of profits from the investment. There are three typical contract sizes: 5000, 7000 and 10000. First one gives you guaranteed profits of 4200, second one from 5700 to 6900 and last one from 8600 up to 9200. It’s on average, the most important part is that it’s secure and guaranteed. When webinars will be done I will call you back, inform you about the size of your account and then we will link your account with the Advanced Software and focus on normal trading.

    I added money to my account to make up to £10,000 after two successful webinars for the lesser amounts. Since then only 40% of trades have been successful as opposed to 80% before! £90,000 worth of trades have been made in one month yet my balance is only £476!
    I requested after only three days of starting this last webinar to ask to stop trading as virtually every trade was a failure. My instructions were ignored and money was regularly taken from my account to invest in new trades only be be just successful enough to reinvest again and again! Never did I see the balance rise as as soon as money was in the account it was taken out again! I changed my password to my account and continually repeated the demand to STOP trading but was totally ignored!
    Now – looking at my portfolio I see that trades have been added to it to make it look better than it was ( the trades were out of sequence with the time they were supposed to have been made! Luckily, I took photo copies of the trades before and after this happened! so can prove that doctoring of my portfolio occurred!
    Even now – after they have virtually emptied my account they are still making trades! whereas before for £500 a trade – now £75!
    This is blatant fraud but what can I do? I am retired and can ill afford what has happened.

  40. Tradarea is a Cysec regulated broker who you should stay away from. They lock your account and tell you that you have a zero balance if you win there.

    • Hi Sheba, We’ve seen this new offer.. “this is not another cheap production” website. We would love to get some feedback and we encourage everyone to please share your experience or any information relating to the A.I.APP website.

  41. Update on Elite Trader App.This Bot has gotten my $250USD deposit down to 193.15!!I have, after refusing Titan Trade the broker’s request for 8 numbers of my visa debit card to be shown for verification purposes, managed to accept the last 4 digits only, showing.Great, then last night,April 30th, I spent hours on chat trying to request the withdrawal.I spoke to two operators, female and male, both very personable, Myles was extra patient.Reason for all my troubles withdrawing was that on left side of screen, the various buttons were not highlited, just white and blank.How is anyone supposed to guess, like I eventually did by using much trial and error, that you had to click the BLANK boxes?In order to withdraw they want to know the reason for, but also a 6 question survey, I had to do this several times, before finally getting it approved, now we shall see if I indeed am afforded the seeming luxury of a broker paying me back what’s left of my $250.If I get it, I’m going to try Mikes Autotrader, I may have to use Titan again because your Autotrader offers me Titan as the broker.PS Elite Trader’s App got up to $375-$380’s.However, after restarting it up again feeling the market was more stable, it chewed it’s temporary profits until it lost 57$.I suggest, if people monitored the Bot’s trading, if you see a bit of profit, withdraw it before it gets a chance to lose it!!

    • It could be that Paul’s Auto Trader didn’t work so well and he decided to pull it off the market. He is also no longer active on YouTube. I am not absolutely sure what happened with him. I know he was a good trader and a great mentor and he will be certainly missed. Too many crooks in this industry and he was definitely one of the good guys.

  42. Please Mike, you have to put GOPTIONS in your BLACK list to avoid more victims, they have a big SCAM schema … I have been scammed …STAY AWAY OF THEM!!! Especially J AVERY !!!!

  43. I signed up with The Free Money System, through Boss Capital apparently they are in London England. What can you tell me about them. They claim to do all the trading for you and you get 85% of the profits. The more I read on your blog the more it looks like a scam

    • I don’t know about GOptions.. some traders claim they are legit and some are claiming they are not, I have no opinion for you. I’ve seen a few companies get wrongfully accused in the past.. so if you don’t have any evidence to support your claim that your broker is a scam I cannot just blacklist them for fun but I will certainly let you comment.

      As for the Free Money System, it’s a scam and BossCapital is not regulated. Arland, I suggest that you deactivate the software and continue trading on your own. Trading with an EU regulated broker is always better so you might want to also consider switching brokers if you run into any issues with BossCapital.

  44. I can’t wait for the markets to be open for business!!! I’ll be looking forward to the next trading sessions. I already a few friends I invited to your Facebook group and I will continue and spread the word. You rock!!!

    • Thanks again Mark! We’re doing the best and it doesn’t really take much to form a successful binary options group. Many people are too greedy and instead of motivating other talents to take part in the group they work against their own traders. I also noticed that by giving cash incentives to members who contribute to the group, the overall performance is increasing since our top traders are a lot more careful before posting a signal on the group’s page, knowing that a bonus is at stake. I am not familiar with any other service that rewards their members with cash incentives as a motivation, which is one of the reasons behind the success you’re seeing. I wish you and all of our members nothing but a lot of success!

  45. Thank you so much Michael Freeman! I also just recently subscribed to your Facebook group. I am glad to see legitimate traders like yourself working hard for new traders like me. I visited many binary options websites and no one seems to tell the truth like you do! Thank you for exposing all the binary options scams and keep up the great work you are doing for all of us!! Your biggest fan! Mark Jensen

    • I really appreciate your feedback Mark!! Thank you for taking part in our new community. It’s really exciting to see how we grew from a small number of traders to 1000+ members with 7 leading admins all pushing for great results. By the way, if anyone is interested to join Mark and the rest of us, you can join the group via the following page Thanks again Mark and god bless you all! Mike

  46. I was advised by Kimberly Jackson of Options Magnat that if I invested 15K, their company would add 20K for a total of 35K to invest. Jackson stated the company had an outstanding track record. I was contacted by Options Magnat employee, Brian, and he told me what trade options to make. The next day I was advised that Brian was not supposed to be making trades with me and had lost all my money and the 20K they had added. I was advised Brian was going to be fired (conversation was taped)!
    I was advised by Kimberly Jackson that the owner felt real bad about what happened to me and that she had spoken to her supervisor and that if I invested another 15K, they guaranteed I would get my money back and they would add 45K for a total of 60K. Jackson gave her personal guarantee that my money would be replaced if it was lost (on tape) invested as I was told by Kimberly Jackson. The next day, I checked the account and it was down to 17K. In addition, I checked my credit cards and found they had charged 20K to my card. I contacted Options Magnat and was told they would not return the 5K overcharge. I finally spoke with Kimberly Jackson and was told I would have to sign a form that says I authorized them to charge the additional 5K. I refused because I said that would be “FRAUD” since I didn’t authorize the extra 5K. I was advised by Kimberly Jackson that was the only way I would get my5K back. So, I signed the form and wrote on the document that the extra 5K was charged in error and was to be credited back to my account. I was advised it had been approved on March 27 and it would take 3-4 business days before the money was credited back to my account. I called after four business days and was advised it takes 3-4 days for the approval (which was already approved see attached) and an additional 4-5 business days for the money to be put back on my credit card.
    I called back and spoke to another employee who said Kimberly was under investigation and was going to be fired and that I should give him 5K and he would match it with 7K and get my money back. I declined. Later, I was able to reach Kimberly and she stated she wasn’t under investigation and asked me to email her the conversation which I did.
    I called on April 10th to speak with Kimberly and they said she was busy. I asked to speak with a manager and they said one would call me back within a hour. No one called.
    Every time I call, they say “Give me more money so we can get your money back!” I get nothing but the run around. I have called approx. 50 times. They routinely put you on hold then hang up. You have to call back and you are placed on hold automatically again. When you do reach a person, they always say someone will call you back and no one ever does.

    Every time I call, they ask for more money and when you decline you get the run a round. They hang up, put you on hold for extended periods, and they blatantly lie and say the employee who lost your money has been fired or is under investigation.

    I called to speak with Kimberly Jackson at 4:15pm PST. I was told that she would call me back. Approximately 15 minutes later, I received a call from an Options Magnate employee telling me how bad he felt and that I should trade with him. I was told I could get my money back in “5-10 minutes” and I recorded this message. I didn’t receive a call back from Kimberly Jackson after 1hr 15mins. I called back again was placed on hold and then they hung up! Standard procedure for this company! They are scammers! They won’t give their address and state all communication must be through e-mail only! I want to sue this company for breach of contract. I have the employee’s taped statement that they guaranteed my money. I called to speak with Kimberly Jackson and the employee hung up on me again. I have called numerous times and left messages to call me and I haven’t heard back from Kimberly although she’s at work. There scam is EXACTLY how your website describes it!! I need a lawyer!

  47. Please beware that is also another scam broker. When you wanted to withdraw your profit or close your account (to get your whole money back), they will find ways to deny your right. They will get angry with you. Emails, phone calls and live chats are all falling on their deaf ears. They will not expedite your request. Once you deposit your money with them, don’t ever dream to get back even if it is your profit, what more your own money that you deposited. Take note my friend. I experienced it.

  48. Add Tiger profits to the black list. The same guy that shows in the picture on the site, is also on some other sites with a diferent name. How can they say on the site that its legal when the guy on the picture is not even a real person. My friend tried this once and lost money.

  49. I think ftrade, based in London, but offshore registered,could be a worthwhile Binary Brokerage to try.I opened an account with $200USD. I placed 3 trades so far, losing the first on the NFP fiasco, last month.Tonight I placed 2 on USD/JPY for call, both won.Now, I notice that you get either exactly the price you ask, or only 1 higher or lower. the platform is clear, doesn’t jitter. They have been operating in financial markets for about 15 years but only about15-18 months in Binary , nor freeze, everything within works, they also have news headlines at the lower end of the trading page.You have to jump through some regulatory hoops to deposit, join or withdraw, but I am used to that.I am not in anyway connected, apart from being a customer.Try, bearing in mind, only deposit small until you feel comfortable, listen carefully, as they are mostly fotreign workers on work visas I would guess.Get all agreements in writing too, but I think they are honest and worth a try.Search

  50. I wish I’d come across this site BEFORE I did the following, but hey, I should have done some more research before diving into trading online. However I wish to pass on my experience with whoever reads this and I hope it may benefit someone. Beware of Banc De Binary! I came across their website which looks very professional, so I thought I’d try out my first few trades with them. Shortly after signing up I received a phone call from them and I was sweet talked into investing a large some of money to make their Gold account, and was assigned a account manager Peter Anderson. After numerous phone calls promoting how I’m going to make my investment grow by 80% etc …. etc we started to trade with short term binary trades. Peter advised me to trade £1000 on each trade and taking his advise I traded with this amount on each trade immediately as he sent through his signals. In the first round of trading I won 5 and lost 5. When I reported back my results he said “ok we’ll do a recovery session”…… Yeah right! Once again I trusted his decision and stupidly went along with his advise. In the second round I won 2 and lost 8 which damn nearly wiped me out. Losing thousands in a matter of a few hours.
    I’m really kicking myself now as the signals I’ve been getting from Mike’s Facebook page have been brilliant, and if I’d applied those signals at £1000 a time like Peter had advised me, I would be well ITM now.
    My advice to anyone is please don’t get talked into paying more money than you can afford to these brokers. Do not get talked into accepting their 100% bonus as there’s always a catch! And don’t bother with an account manager. If you’re serious about trading online, do your own research. Account managers just want your money, whether you win or lose.
    And guess what, I’ve not heard a thing from Banc De Binary after losing near everything…. Surprise surprise. I don’t think I’ll ever be able to get any of that money back even though I was following their account managers advise. Just wouldn’t want anyone else to be sucked in like I was.

    • I didn’t get any feedback on the ‘Professional Binary Robot’ as of yet but I must say, it resembles the typical money making scam. It doesn’t seem like a professonal binary options service you can trust but if you ever decide to give it a try, be sure to give us your feedback.

    • Hi Hernan, I went over the website and even though I’ve yet to receive feedback from users. I can tell you that it looks %100 identical to similar money making schemes targeting binary options and FX traders. I would strongly advice you to stay away from it. If you have any feedback, please share it with us.

  51. Hallo!!

    I am the living example of being Scam AAoption is a plat form that put bonuses into your account without your permission, to top it up they tell me is the robot automatically do it.
    As of writing AAOPTION is holding on to my £1500 pounds of my pure money but i’m taking them to court.

  52. You can add Bancde options and Optionrider in the near future as well as binary trading ponzi scams. Lots of excuses for not paying people, enough indictations its a scam though. They been searching for excuses not to pay, for over 3 months now.

  53. I would like to know about the AUTO PROFIT PERLICATOR SOFTWARE by SIMON SAUNDERS is it legit or a scam, does it work

  54. ATTENTION BEWARE ! no work with Petterson diamonds s.a.- Futura live s.a. and mr Foglio giovanni- italians
    address via molinazzo 2 Lugano
    are frauder robbery- ask money to make nothing ! propose invest in diamonds- gold- bond- obligations BG but has nothing !!! all fraud – dirty people under SWISS justice for many fraud- no send money !!!

  55. Do NOT use Regal Options. They have an Auto Trader called “Avenger Trader.” It’s all a scam. I stupidly signed up for them with a $200 deposit. In ONE DAY those bastards blew up my account. Avenger Trader posts a record of their trades which is a complete lie. The trading record shows a 70% daily ITM. However, that record is a lie because all of their trades were losses. Please stay away from Avenger Trader and Regal Options.

    Mayfair options are by far the worst company I have ever had the displeasure of dealing with. When I say worst company, I do not mean just Binary Traders, but the worst in any industry anywhere. Their online support is incredibly slow and appears they only have two people covering 24 hour support – TWO hours just to try to organise a payout via online support. Any telephone number listed on their site is FAKE. I actually deliberately traded my account into the ground to try and stop anymore phone calls from their ‘brokers’ (marketing???)

    After making my initial ‘sample’ deposit and completing some successful trades, the multiple phone calls per day began all telling me that I needed to deposit more money to get a broker, blah, blah, etc ,etc. These calls came in at all hours, day and night 12.30 am, 4 am, etc. despite repeatedly advising that I was just trialling for the moment and would contact them if ready to deposit more.

    After about two week of constant phone calls, I decided enough was enough and attempted to withdraw my initial deposit plus remaining balance on the account. Both of which were not large amounts but money none the less. This is where the real fun began!

    After submitting my withdraw request and getting notification that the funds should be received in around 5 working days, I waited, and waited… Eventually logging back on only to find the request had been cancelled. An inquiry to the customer service revealed that the withdraw function could only be used for the amount that was originally deposited. All other withdrawals had a different process – which include waiting for the first withdraw to arrive in my account before requesting the rest… (?!?) this is not mentioned on the site. OK – So I did my withdraw again and after waiting, waiting, was told I needed to verify my identity again – for the THIRD time now. This is now at around four weeks since my original request to withdraw! I provided my identify checks again, resubmitted my withdraw request and waited, and waited, and finally the original deposit arrived back in my account.

    Upon attempting to request the remaining balance (my winnings) I was told that I needed to now print and complete a form verifying, once again that I’d made my original deposit – the very same one they had already processed the payout on. The reason I’m told is that they were changing their procedure and everybody needed to complete this. I actually tried to do a small trade at this time on an almost sure thing and found my account was actually suspended. I was advised that this was because I had not yet completed the new form that I’d never heard about before – I suspect that it was actually because I was trying to actually *gasp* withdraw my winnings.

    I don’t have easy access to a printer but eventually managed to print and scan this form. Upon attempting to submit to customer service I was told it had to be sent via reply email. I never received any email in the first place. I was also told at this time that I’d made a request to withdraw my account three days earlier that had already been accepted. Definitely not me requesting a payout – why would I even waste my time trying to request this when I had this additional form to complete. Asking support if it’s possible my account had been accessed by somebody else was ignored. Realising I’d spent about ten hours stuffing around to try and get around 200 dollars paid out and that somebody else had requested a payout of my account, I decided to write it off as a lost cause. I ended up completing some trades that were quite likely to lose and got my account down to a balance of zero. At least now they 4 am phone calls from their ‘brokers’ might stop.

  57. NRGBinary is trading under the Golden goose method. They (GGM) were the first ones to email me then it all changed to
    I have been chasing these guys since the 19th January this year to return money that was taken out of my credit card account without my permission. Can you imagine the shock, stress and anger I went through after I found out that my credit card account had been emptied? I went to pay for a bill only to find that I had insufficient funds. I have been notified from my bank that my card is in overdraft by almost $1000.00 and has been since then. Man! I would be wanting these clowns to pay for my overdraft as well as return my money after all this time. Have you got any suggestions on how I should be handling these guys? My young family have really suffered because of this too and I want my money back! I am unemployed of which the broker knew.

  58. Hello, sorry my English. I was convinced to go with 250 pounds in BANC In BINARY, after this first deposit, the broker did the devil for me to put more money in my account BANC In BINARY, thinking they would be serious deposited a 2-time of 10,000.00 pouds, me gave the bonus without 5,000,00 I understand well how it worked BONUS system, on the first day and after some negotiations my account binary rose to 27,000,00 pounds. The day after the second deposit I was sorry to deposit as much money out, and asked my broker the money back to my bank account and immediately they moved in last Friday 20/2/2015, and my bank appeared in the extract my account pending return to be unlocked, friday to tuesday they returned to withdraw all of my bank account again. I went to my bank and asked that the transaction is concelada, for I was the victim, the broker does not want to return my money, and my bank asked the fraud department to solve the problem which had taken about thirty days. I am a poor, my 10,000,00 pounds I do on 5 years of hard work. Can anyone help me please.

    • %100 crooks!!!! Ana, email me at I have a few suggestions for how you can deal with this company. They are highly manipulative, no wonder you ended up depositing so much. I’ll help you at no charge, email me and let’s see what we can do.

  59. This is relatively new.. Anybody have any info. on this system or tried it. Mike would you say that all these binary options sites that offer the automatic trades for you are all scam sites.

    • Hi there, well not all automated bots are fake. I listed a few that are getting good ratings and I also offer my own AutoTrader + Signals Group on Facebook. However, the Verified Trader is a scam, I went over the website and found lot’s of misleadng elements.. I am %100 confident that this website is a well designed scam. For the most part, real traders don’t know how to create these fancy looking websites as they are too busy trading. Websites like Vrified Trader are not easy to create and one must have serious ‘Internet Marketing’ experience.. Here is my review on Verified Trader

  60. hello, I think ive just been ripped off by this company ! im a new trader and this is the second time ive been had !
    lost 1000 with optionfm (2000 with the bonus) in a day with some what I think irresbonsible trades!! I deposited 250 to start but was bullied into maxing out a credit card that id just got a loan to pay off!!!this has happened within the last week ! could do with some advise please

    • OptionFM is running a big scam and they are known to manipulate traders into depositing more, in many cases a lot more than a $1000. The bonus they gave you locked your funds until you reach a high trading volume. The best way to handle this situation is with a credit card dispute unless you wired them money. Contact your credit card company as well as the IC3.GOV if you want to also file a complaint. They will not release your funds even if you meet the required trading volume. I received many emails concerning this broker so don’t even waste your time and refrain from direct communication with them, there’s nothing to talk about with crooks.

  61. A cautionary update, It is possible that Elite Trader App may be ok, so with some of the other Bots and Systems.It may depend on the broker, you unfortunately or fortunately get hooked up with.I have read glowing claims of Elite, Legal Insider Bot, 2014 Millionaire and others, which I personally, either, blew my $250USD or part thereof.It seems that times they place trades, and indeed market prevailing conditions may be the explanation.In Elite Trader App’s instance, I was down $50, then after suspending the Bot’s trading, I recently reactivated it, it is working on Titan Trade.On Friday 13-14th I last saw it was up, in profit of $36, having a balance of $286.I shall keep you all posted, Dallas Johnson.

  62. The ad of the Mybinary system that they do on PTC sites is very appealing and convincing. Poor people easily fall into their trap. It is a human tendency to look for easy money and they exactly know this, the hype they make and the dreams they show, easily attracts desperate people looking for money. The instructional video page where you finally land up after submitting your email, sounds very convincing. I too fell into their trap, I opened an account and deposited $250 as said in the video, and followed each step mentioned in the video to the word. Let me warn anyone who is planning to give it a try, the strategy is complete BS, It DOES NOT WORK, it may work one or two time, but not always – I have tried it, and I am telling you DO NOT risk your $250. It is very painful to see your hard earned $250 just vaporizing. I hope this saves many people from becoming their victims.

    • Hi Jerry, the Auto Binary Replicator is owned by the sake folks behind BinaryMatrixPro and other scams. Here is a scam alert posted on WatchDog. I will also add them on my blacklist after getting several complaints. Avoid this offfer, it’s not worth it. OneBinaryOptions is not a familiar broker and they are definitely not EU regulated. The entire offer is bogus.

  63. You can add this one to your blacklist too. The person – Mike Brown has been cajoling me to buy into his BinaryApp-810 scam.

    • Mike Brown must be one of the email solicitors for BinaryApp-810 or Insider John, same thing, one of the biggest scams in the industry. Thank you for the heads up.

  64. Hi, I live in Sweden and was thinking about joining BTS and the broker Boss Capital. What do you (or anyone) know about them??

    • Hi Dan, Unfortunately Markets Word is a scam. They refuse withdrawals and offer a really lousy customer service. Besides the complaints that I personally received via email, you can find some public complaints on on the following page: Markets World Complaints.

  65. OptionPrim is not yet in your list (called similar to OptionPrime, but missing last “e”). They are definitely scamers. They called me today. So many scamers called me, that I identify them in 10 minutes. Very unprofessional sales person, she knows nothing about market and finance – “We are regulated by 10 European banks…”, promise up to 60% of profit in a month etc (!).

  66. It seems Optimarkets Brokers have suddenly ‘closed up shop’ – at the same time a ‘new’ Binary Options Broker has appeared. They are called, ‘Now Options’ and their website templates are nearly identical to the site of (ex) Optimarkets. While my loss isn’t drastic I want to warn others to be careful if planning to open an account Now Options as I feel they could well be Optimarkets re-opening under a new name.

    • Hi Bev, Thank you for the heads up. OptiMarkets was one of the shadiest brokers I encountered. A few years ago I gave them a positive review when they just came out but after the horrible complaints I started to receive I quickly removed them. I will see if there is a way to verify that Now Options is associated with Optimarkets and if they are, I will add them to my blacklist ASAP.

    • MarketsWorld is not a reliable broker and they are definitely not CySEC regulated. In the last year I received numerous complaints regarding involving withdrawal denials, expiry manipulation and lack of customer support. It’s better to avoid them and keep your wallet safe.

    • I’ll try to gather up some information on UKoptions, all I can tell you is that they are relatively new. One of my subscribers is currently trading with them, I will ask him to post an update.

  67. Hi Mike. Just to let you know that you r a good mentor and keep up the good work. My question is do we pay TAX from binary options profits?


  68. I am diligently looking for a Canadian Broker/Company that is legit here in Canada. One that I can withdraw from painlessly, has good returns, and possibly an automated system. Is there such a thing here in this country? Your blog has saved me from investing in many scams and I thank you. Also please note that I am a fresh newbie and would not mind finding a company that provides a good education plus a demo (that does not use real cash) to practice on. Am I asking for the world? I hope not.

    • Hi Dawn, In Canada you don’t have the same restrictions as traders in the US have and you can register with a fully EU reglated broker. On the blog’s menu you can check out Topoption, OptionTime and Anyoption, these are my top regulated brokers, Topoption and OptionTime offer a $100 minimum and Anyoption is the pioneer and still the biggest brand in the industry. Safey matters most, I would avoid any unregulated brands. Cheers! Mike

  69. To Barb, with Option Area problem– I had a very similar problem with a broker from OptionRally.He told me he wanted to help me get ahead and make plenyt of money, he said he would put $3k into my trading account, saying, he wanted to “help” me.I said, just put it into my trading account but I wouldn’t accept any bonuses or “gifts”.He says he had to put it in my visa debit card account.I said ok.He goes away, comes back to talk with me, saying they could only get about $5-600 and there wasn;t anything in another account.I say, “hey, what are you talking about” you said you were going to give me 3k not, take money from my account!! he then got shirty with me, said he’d wasted 45 minutes on the phone and hung up on me.I had to go through the getting the permission from another broker/account manager– how many are there, I had about 8-10 different ones!!.I did the verification rigmarole but still didn’t get my money back, even though I told them they could do a chargeback on the card,.I eventually got my illegally taken funds by telling them it was fraud, I had not given permission for the dodgy broker to steal my funds and if they did not authorize and pay the payment back, I would charge them with theft by fraud.Quickly, I received notice all docs were in order and it would be paid back into my card account.In about 48 hours it was in my account.The exchange rate can cause you not to see the payment because, if you deposit $250 you get either more or a lesser payment figure you need to look for in your banking account.I suggest, you try saying the same as I did to get your money repaid to you.I hope this helps.Brokers are very tricky, potentially, slimy snakes speaking fast with gilded tongue, in the main!!You must listen very intently to each word, phrase,and offer, paying particular attention to each connotation of the words.The Devil is in the detail!!

  70. Hi,I have had dealings with option area that had been really bad. Started out with 250 and added on 250 on one occasion. Broker called and wanted me to increase ” so that he could be my broker”. I said no, I can not afford to spend more dollars trading. He then told me “yes you have the dollars I credited your card right now”. He actually stole my money from my card.I contacted support at OptionArea as soon as possible. Did get in touch with one person in management/accountaccounting. I requested all my funds back from options area. I did receive 201 from them after one time and several emails. The 500 on the one card where the 250 was stolen from I have not received after many try.I have proof of all transactions. They only say it’s been sent from them. In my try to get my money I also fell for the “help” I was going to get if he became my broker. Cost me 250 witch he lost in 60 sec. Several has tried to contact me from them, and also from whowever shares their platform. They are a bad lot.This has been going on for 3 month’s.

  71. I have dealt with three different brokerages and they all do the same. They exert pressure to increase your deposit by promising unrealistic returns. One got so nasty that I hung up on him. I think it is something you just have to expect when you sign up.

  72. Dear Mike, Thank you so much for saving me from Markets World. The sales rep seemed really pushy. I wanted to deposit $100 and he kept trying to push me to deposit $5000. How on earth did he think I was going to fall for that? He offered me his mentoring and promised to make me a millionaire. I felt so awkward.. later in the conversion when he realized I wasn’t into depositing $5000 with his “Markets World” he became angry and started telling me that I will most likely fail if I deposit less and completely tried to discourage me from trading in general. I am %100 sure Markets World is a big scam now, I thank you for blacklisting them!

  73. Hi Michael, looking to start binary options for the first time. Have had a couple of different emails asking to join but I haven’t done anything. Last week got and email from Victor Lambert from Binary Millionaire and Sarah Markel from Quick Cash System., are any of these legitimate. Can you recommend the best binary options in Australia don’t want to get caught.

    • There are good auto traders out there but most of them are fake money making scams. I am actually about to add Binary Millionaire, Insider John, Quck Cash System and all the rest of the new fake marketed junk that’s coming out. AVOID AT ALL COST. On they are already blacklisted, here is an example Insider John SCAM or you can also visit Quick Cash System Warning , on WatchDog they blacklist all of the fake systems that are coming out. Best of luck and have a great weekend! Mike

  74. Micheal, what brokers do suggest for usa traders, I know there is nadex, but they dont handle sixty secound trades, do you have a reliable and trust worthy company that you use,— I CANT AFFORD ANY MORE SCAMMERS, But really want to be a successful day trader

  75. Micheal Have you tried 100percent profit bot . it is fairly new. Ca anyone tell me about its legitimacy. Is it a scam

  76. hi was looking into trying out 100 percent profitbot and been searching every where to see if its a scam which i pretty sure it is and they want me to fund an account with rb options trading house do you know anything about this sites

  77. Hii Michael tanks for all nice site,.i will only say my aventures whit ALGOBIT by OPTIONBIT, first 2 days loss in many hours, itry manualment and better resulate, second day be in 60 seconds , be in 5 minutes time, auto signal , Algobit there reset all y account 200 euro in only 3.20 euro remanent,.i write as OPTIONBIT fr take my money last,..but their answer me no possible because needs get 30 euro minimum, for can preleve money, im very angry now, for me fake alobit and fake optionbit, i look now in web, Consob italiane put optionbit in black list for froude togheder as other brokers, hmm bad brokers by denunce,..ok thanks i hope otion bot 2 or Speed bot there better i will try whit their ok thankssssssss

  78. Thanks for being real.I am just looking into this and I appreciate your honesty and I think it is great to contribute to causes. Well done. I hope more humanoids hear your words

  79. redwood options is fake
    1. they force me to do another payment from me to them I google them and they are fraudsters. I also tell my bank who did not help me to recover my money back
    I am still fighting to get my money back to my bank account

  80. Thank you for helping me avoid Insured Profits, I was almost hooked, even though my alarms went off. Happy accident, your website is what I’ve been looking for: real info about binary option trading. I am looking forward to making a contribution to Syrian Orphans, as soon as I am more educated in BOT.

    • Hi Michael, It makes me proud to know that I am able to save people a lot of money with this blacklist, even though I am taking many attacks and threats almost on a daily basis now since my website is ranked really well in the search results. I am costing these scammers I am a walking target. Research is really important with binary options and forex..In most cases, if the product/broker/service is a scam, sooner or later, someone will write something about it. Always make sure to not trust any promotional reviews unless you verify that no negative reviews or any type of negative feedback in the search results. It’s really unfortunate that “wherever there’s money involved in the internet, there are tons of scams” it’s true with every money making opportunity. The type of format and sleazy tactics that Insured Profits are using are the same tactics that were used a few years ago when “creating a store on Ebay” was really hot..many fake systems and money making schemes came out with “proven systems and ways to make millions with Ebay” and so on… If you or anyone else has any question relating to binary options, don’t hesitate to email me at Good Luck and God Bless You All!

  81. Dear Mike and traders, Re Option.FM, I’m not categorically saying they are a scam operation, but advise: never deposit more than the min $250.Don’t believe one word of the brokers’ representations to you, if they say they will put something in writing, whilst in conversation, check your email’ DO NOT agree to anything before you get it, brokers will try the trick of letting you think you are getting written advice, get you to sign, or fund, top up etc. but the email if it arrives, won’t have the exact wording you were led to believe it would have.Anyway, FM , along with any other broker, should be handled with kid gloves!! Upon reading, some of forum’s posts I cannot believe how, STUPID, GREEDY and or NAIVE some of you are, in depositing many k’s, even $50-80 k’s!! and in some cases, by signing trading permission forms ,allowing orthers, whom you have never met, but have been impressed by the fast talk, or if female, her sexy, silken voice, for which they have been hired by the brokerage, to relieve you of your hard earned cash.Please do not believe, your most recent”best friend, that just wants to see you make the money you so much deserve” What they really want to see is their commissions in THEIR bank account, not yours!!

  82. Mike…ADD Josh Owen & his “Auto-Mobile
    Code to your list of SCAMS! Stay AWAY from THIS SNAKE! ALSO, Cloud Pro Hosting, “Guaranteed WEALTH” is ANOTHER SCAM!

    • Guaranteed Wealth is the next service I intend to blacklist, they will also be blacklisted on very soon. So far we counted over 30’s a scam on a massive scale. Cloud Pro Hosting looks like a complete scam just on first look. The good thing about WatchDog is that each review goes really viral and ends up on the first page, as Google ranks real reviews in the search engine higher than fake reviews.. The warnings are coming out shortly!

  83. It would seem that Richard and Willem are spot on. I got this snake oil salesman called Ben Williams – give this boy a very wide birth. He told me a load of old pony, he said he was going to give me some interest on my deposit. What he actually meant he was going to give me a BONUS which is a totally different thing. Needless to say OPTION.FM are not going to give me my money back. They have asked me for CDD info now, I have told them that I am not sending them any proof of identity, I’m sure this should have been done BEFORE any transactions took place to cover their asses in case of money laundering. We’ll see.

  84. Hi, i want to warn everyone for I am trying to get my money back for more than a month now. They come up everytime with lots of B.S. saying: missing information or request being processed. On their website there is stated 3-5 work days for withdraw. It’s not going to happen. They don’t pay you!

  85. Hi Mike, I sent you my results with OZ Robot on Sep 12: 3 wins out of 10 trades in 10 days. Account finished.
    It seems makes it a habit to use scam services to promote themselves. When the first loss happened they called me and wanted me to make manual trades with more deposit hinting already that the OZ Robot might not be what I expected.

  86. Hello Mike

    I plan to try your new Auto Trader. Paul from really recommended you and I’ve read some of your strategy guides. I also really love the donation initiative, the altruistic act of raising donations instead of charging people money, is a beautiful thing and very refreshing. I am currently using the AQI software after seing your recommendation, besides the fact that I don’t get as many signals as I was hoping for, their performance is up in the sky… most days I am getting over %80 ITM so I increased the trade amount and I am pulling some good money with them. I am hoping that with your software combined with the AQI software I can really make it big.

    Thank you for the great blog, keep doing an awesome work and expose the scammers, they don’t deserve any business!!

  87. Hi Mike,
    I am so glad to have found your website. I have opened an account with Trade Rush and would like to hear your comments about them. Are they real and is it advisable to trade with them long term?

    • I previously gave them a positive review but I no longer endorse them due to their bad marketing tactics and managed account tricks, they are not a %100 scam but I don’t recommend them. If anyone else has any feedback on TradeRush, that’ll be great!

  88. Hi, This is an interesting take on the Legal Insider binary bot,which operates on Option.FM, I must point out that this bot software is different to that supplied on Bancdebinary, I have an account with both.That which is linked with Option.FM is still trading, although I disabled auto trading from within it’s dashboard.Recently, I was again able to get back into the Bot’s interface but lost the links I was supplied on first joining Legal Insider binary bot, by Mr Greg Marks and Stan Shultze.It seems that it has traded 122 trades and has success of %51 and 27% for average trade. Now I noticed an interesting thing on examination of the trading log.This Robot, places average number of trades at 3.2 daily.OK, however,I noticed that it places 3-4 consecutive winning trades, then averages out 3-4 losing trades?I am waiting on email reply from Millionaire 2014, I have asked them to investigate this along the lines of the signals the robot is working with of being out of sync, or timing somehow.I do not know a great deal about timing, but I do know that signals are unreliable, sometimes useless if the signals do not synchronize properly with the GMT opening times of the Stock Exchanges.Greg and Stan claim, 81-84% success rate for their robot!!Now, if even some of these markets are not properly syncing,say 2-4 possibly with adjustment, the present %51 success may well be able to increased to, say 71% which is average ballpark figure for success with trading binary options, profitably.I remember, being told somewhere, that with Forex it is important to sync your charts’ timing to GMT for the various markets, especially if using robots or signal services.Mike, or others can you shed more light on this subject, please?Regards, Dallas Johnson.

    • This is awesome! I hope that the attack on this page was mitigated and it’s not a temporary slow down. This page has been down for over a week due to an attack, most likely by one of the scams that we exposed! I will be ready for any future attacks..I really hope this is solved. Thank you Bernadette.

    • Lenka, it looks like one of the most fishy websites I’ve seen until now. I didn’t receive any feedback but my intuition tells me you should STAY AWAY ffrom however if you choose to give it a try, please keep us posted on the results. Cheers! Mike

  89. If anybody has lost money with optionBit, it may interest you to know that they are also operating as/with optionxp. I know this to be a fact, I am not surmising.As far as I know xp is in cyprus, but may have registered in Seychelles or BVI or possibly Gibraltar.I have an account with xp and in emails it says optionbit, so if you have lost with optionBit, that is where you may find them!!

  90. hi michael,I wanted to know if fastincome app is a serious and profitable signal service and if no1options is a reliable broker.

  91. Hi,
    I recently got scammed by optionow I started with $300 dollar deposit then a senior broker called me and told me about assisted trading program. I was stupid enough to deposit $22,000 (all my savings) into an account with them, they matched it with $20,000. The account went up a few thousand once then just kept going down, and ofcourse the communication stopped too. It is now all but gone and 3 years of saving was for nothing. How do these people get away with it ?

  92. I recently got into this company ‘click clone cash’ and I signed up for it. It’s like some kinda online marketing stuff and I even have a domain which I need to pay for it and I did. But when it come to the step they provided, it ends up to a page where I need to sign up with the recommend broker of binary options, brokers include traderxp, dragon option and master option. Are these a scam?

    • Very bad choice Jason!! It’s that part of the industry of the fake money making schemes.. and TraderXP, Dragon Option, Master Option and all of these brands are not even regulated..stay away!! I really hope you didn’t deposit with them yet, but if you did, you are welcome to share you experience. Cheers! Mike

  93. I was just investingating a company I wanted to trade with and ran across your page. Thank you Michael for helping me to not make another stupid decision Safe Trade App then I saw it on the list. It took me 2 months to get my money back from OptioNow the last message I told them was I contacted the fraud dep’t at the bank because Optionow refuse to return my money for services not tendered that is a form of fraud you did not provide the services you promise. After fighting with them for two month my money was in my account that evening

    • Hi Laverne, that’s great news! Don’t treat this as a waste of time, treat it as a learning experience instead..I am sure you’re not going to ever make this mistake again. I had to learn “the hard way” in many steps a long the way, personal and business wise, sometime life just slaps you in the face and as long as you can get up on your feet, you can only get stronger :) I am happy for you!! Have a great weekend

  94. SpotFN I regard this as a binary scam site as I signed up with them with US$400 only to win 6 option then loose the the lot in a couple of weeks, they then phoned me wanting me to to do a managed account an load the account with US$2000, I told them to close the account as I didn’t trust them.

  95. Hi Mike,

    Just wanted to say how much I appreciate your valuable work!

    Yesterday I made a start with Oz Robot and funded my account with $250. The robot seems to work wel so far…(just one “won”)within the next hour.
    But now I’m a bit worried as I see that they are tied to One Two Trading as their broker!

    I was immediately contacted by a “manager” (by phone) while still
    putting in my data….. I did not give him my card-data and did it all by myself and refused any help, neither did I opt for the bonus-option…
    I wonder if i would be able to withdraw any in the future..

    B.t.w… Does any full automated robot exist that can be trusted??
    I want to give binary options trading a try, but don’t want to do it manualy…
    I understand that it has it’s price but that’s okay…

    What is your best advice for me?
    What to do and where to go??

    • OneTwoTrade is a problem and I also received a few emails with feedback on the OZ Robot performance results, it’s not very promising and I will add them on my blacklist because I see too many traders fall for these “money making schemes” lately. There are much better alternatives if you are lookning for a fully automated service, some are partnered with reliable brokers, and I can also recommend services that require you to manually enter the trade (Email and SMS notifications) it’s up to you and you are welcome to email me at with any questions on the different services, I am familiar with most of them. I also want you to watch one of my latest video titled “Binary Options Auto Trading – Does it Work?” Thank you for the feedback Ed and have a great weekend! Mike

  96. Hello everyone,

    Just want o confirm which many of you know already: The Legal Insider Bot is a 100% scam. I signed up and funded an account with, 250 eur, 8 trading days ago. As seen in the promotion video, they promise o refund possible losses after 7 days of trading. The trading result for the 7 days was -212,70,which of course in itself is a disaster. So yesterday I asked for a refund as promised.and it appears that will refund it as a BONUS, which all the strings attached that some brokers still apply. That is, they tie up your account with demanding a turnover for the deposit+bonus of 20 times before you can withdraw ANYTHING!!!!. We already know that serious brokers only have some conditions regarding withdrawal of the BONUS, and that is ok. So traders, stay away from Legal Insider Bot, and!

  97. Hi Michael,

    Many thanks for your feedback, after having read your website and things to look out for, this kind of was what you were saying to look out for. Thanks to your info i haven’t continues to register there. Great help!

    Will be reading more info on your site before i get into this.

  98. I am getting a lot of emails from this Binary options service above 2014 Millionaires Team.

    I cannot find anything good or bad about this. Minimum deposit is $250. The reason i am not sure about this (never mind being completely new to this) is that the deposit is quite high and there are a lot of emails pushing to make the deposit.

    I dont want to do anything foolish

    • is a scam that’s about to be exposed, I already got a few emails from traders who are really unhappy with the performance, considering the high expectations and sense of hope instilled in the mind of traders. Please share your feedback on the 2014 Millionaires Team, any feedback is always appreciated!

  99. THANKS Mike – you are doing an awesome job.
    You have saved my pocket book.
    Much appreciate your time and effort invested in your due diligence

  100. The legal insider bot by Greg Marks claims a 100% guarantee to refund your initial investment if the auto trader or user looses in a 7 day period with a cap of $500,000. That 100% guarantee has terms and conditions with a legitimate broker called Beeoptions. You will have to do 20 times your initial investment plus bonus which is the insurance that covers 100% guarantee your initial investment. If you can’t tie up your money for that length of time to perform the massive volume trades you have to commit to, then don’t do it. What does it say about a legitimate broker that offers this type of an agreement, buyer beware. Remember, has a legitimate agreement with Beeoptions until July 2016.

  101. Greg Marks and Stan Lutz are a bit of a conundrum.On the one hand, Stan gives a very benevelent speel of insisting on our donation of $50,000 to a charity, on reaching each million, yet, I so far have found the auto software, has only 50% strike rate.Stan Lutz replied to an email I sent, saying, he must be living in a different parallel universe to mine, because, no way could I earn, by day’s end $17k or 23k as he said in his emails to me!!.He said in his reply that it was semi auto where I had to choose signals.I wrote back replying that, no, my software on Option.FM was definitely auto only,he said he was going to contact the broker, a few days later, I visited the Legal Insider Bot platform, someone must have jigged it, however it had traded a further 2 times, winning 1 trade, losing another, depleting my 250, first down to $247.20, after it;s first 2 trades, one win, one loss, to $244. On this info,I have decided to turn auto trade off, and now, have to deal with broker ID verification b/s, they are saying they didn’t receive my docs uploaded throgh their ID verification portal!! they want me to send docs again to their compliance via email, which is very difficult for me to do because ofM?S outlook issues, not allowing emails from it, to send to any other yahoo, or gmail mailing services. My personal agent/broker rang, 30 mins later, trying to keep me, however, I insisted on getting my remaining $239 out before it dwindles any more.I shall keep you informed.I figure that if you have auto software trading, there is no way to know if the brokers are causing slippage, enhancing likelihood of you losing, broker winning.I tested a manual trade within the brokers trading area, different to the Bot’s trading page.I found that, on an upward trending move on their separate Option,FM page, I was awarde about 3 lower or higher when trying to place a trade.If it is doing that before my very eyes, how could I know what slippage there is, whilst auto trading? Greg Marks could be sincere, however, if brokers manipulate, or if the signals sent to the Bot aren’t in timing sync when placed or received by the bot or broker’s implementation of those trades, could explain my particular 50% success rate, whilst Greg Marks is still making fantastic claims of successful trading??If anyone has had success with OTHER brokers using this Legal Insider Bot perhaps it will be able to shed some light on the passion to help charity and seeming poor trading results of mine.It is difficult to put both shades of this into perspective!!

  102. please sir, kindly advise me on Binary Signals Club, i have registered with them but to fund my account. thank you sir.

    • In reference to I am not really familiar with the service but I am spotting too many red flags on the pitch page. The 3 testimonials are paid actors I already recognize, actors who were hired to promote scam services so this already reduced the credibility of this offer. The broker he is affiliated with provides demo accounts so he could’ve easily showcased his demo account in his demonstration… This service is also not really endorsed on any credible binary options forum or portal so I am not really sure if this is a good route for you.

  103. I tried having a real account with and I have this feeling that I am playing with a person who will never let me win…they were watching my trades and manipulate it at their advantage…the chance of losing in 10% ticktrades is very high…

  104. hi mike,
    first of all I would like to thank you for all the information. it has been a great deal of help.
    could you please recommend a successful automated service.
    also in your opinion do you recommend a automated service or a signal provider?

    • Dilshan, I encourage you to watch my latest video on YouTube titled “Binary Options Auto Trading – Does it Work?” If you’re looking for a quick answer, the is one of my favorites! In the video I went over some of the factors that makes this auto trader different from some of the disappointing auto traders. It’s also offered free for 60 days. Checkout my complete list of recommended binary options signals services before you make up your mind! Anyoption also came out with their own auto trading bot and it’s free to download! I included both auto traders on my list of recommended signals services. On a side note, Anyoption is a trust-worthy broker and in fact, the pioneer of binary options trading! If you have any more specific questions you are welcome to email me at Cheers! Mike

    • Just like Manav, I am really curious to know if anyone tried the OZ Robot, it looks very similar to some of the scams I previously reviewed but I want to give every new software/service the benefit of the doubt. I actually just reviewed a, surprisingly, Auto Trader for Binary Options on YouTube and it works! It’s offered free with a 60 days free trial and if you’re not in the USA, I encourage you to check out my new video!

      Please give us some feedback on OZ Robot people!

  105. is the biggest scam broker of all time..last month i deposited 100euros and within one month reached to 735euros and then made a withdrawal request but after 2days of request pending my account was blocked. they never responded to my emails and live chat is a bullshit that never functions. after a week of account block they unblocked it but there wasn’t any money…it was all 0.00 , what the f–k!!!! then after contacting them multiple times they responded Dear Sir Optionsxo has the right to neutralise any profits for any legitimate reason!!!! i have all their emails and screenshots of my every account activity…. i will soon upload all those stuff….but please get far away from these scammers… after depositing money they never responds to ur emails,,,, never never

  106. Hi Mike
    Just wondered if youve ever heard of Regal Options or automated software called Binary Trader Plus.
    Claims of over 90% success rate

    • Hi Geoff, It’s the first time I am hearing about Binary Trader Plus, if it sounds too good to be true, it probably is… Here is an article I wrote on this topic that you might find interesting Money Making Schemes article. If anyone would like to share any feedback in reference to the Binary Trader Plus or Regal Options please keep us posted!

  107. Here’s a good website. It is Ctoption
    I started a account and i enjoy them very much. When i started the account i got $50,000 worth of practice money this was to get used to trading and also to work on strategies. I only put $250.00 in my broker account to start with and this was the minumum amount i had to use to get started. Also they offer bonuses on your deposits and plenty of risk free trades. However if you except these you have to make so much money before you can make a withdraw. I however turned these bonuses down so i could withdraw money at anytime. Also unlike most binary websites you have the options to either enter in how much you wan’t to bid or just pick a amount. I however enter my bids. Also the max amount that you can bid at any time is $9999 at a 72% profit in the 60 second trades which i do. However if you have plenty of money in your account you can contact them and they are really good about answering because i never had a problem contacting them. Them can raise your bid ammount up to $20,000 and even higher. However i use a strategy that i created that lets me profit at $3 a minute through the 60 second trades guarented so my bids really arent that high. Please don’t ask me to share my strategy for trading because this im not willing to share. You will have to find your own strategy. But anyways they are the best company in my personal opinion and i would suggest them to anybody.

    • Hi Daniel, The structure of your message suggest that you might be promoting CToption, however I will give you the benefit of the doubt and approve your comment which would have not been to case, if the comment included a link. Anyway, good to know about the practice account but I don’t recall seeing this brand on many binary options portals and forums..It could be a new brand and I’ve yet to receive any feedback on them besides your comment. Traders can always trade on the Spotoption Technology provider’s, I included a link to the demo on the binary options signals page. Cheers! Mike

    • Poonam, The answer to your question is a scam? I posted a review on YouTube to try to figure this out myself. Checkout some of the responses below the video and you can evaluate the offer based on user feedback. (SEE: Binary Option Robot Review on YouTube ) If you are currently trading with the software, please share your feedback with us. Cheers! Mike

  108. I joined Option.FM, I think they may be ok, just going on very limited contact with them.It was via The Greg Marks Legal insider bot, which so far hasn’t placed a trade. I emailed Greg Marks but so far no em reply.I don’t know yet if all of this is a scam, but the limited numbers only allowed b/s is rather suss, in that it’s supposedly new, yet they show heaps of testimonials.Everyman, his robot and email dog is in on this, so much for limited access and you could lose your place jargon!! Even Fapturbo 2 is in on the emailing act for this one. You can turn the trading software on and off, so, if it turns out to be a dud, I think that I may still be able to do ok with Option Fm broker.So far, I was happy and impressed with “Laura, in chat” A lot of chat services seem to have “LAURA” have you noticed. I am also trying to get Tokyo Bot activated to test it on NRG Binary, when I get somewhere I shall post the results here.Both these brokers are slim with assets, though I notice!! However, if they are good otherwise, we may need to accept limitations as a necessary tradeoff.

    • Hi Dallas, In response to your comment and I’ll quote “Greg Marks Legal Insider Bot, which so far hasn’t placed a trade. I emailed Greg Marks but so far no reply.” unfortunately this website is a scam. Here is a review that puts Greg Marks in his place!! Legal Insider Bot Warning. Ignore all the fake testimonials, in some cases they are created by paid actors. I didn’t understand your reference to Fapturbo 2, are you receiving email promotions for both software from the same source or did I misinterpret your comment? Tokyo Bot is another scam that was exposed on Now just because many robots/apps/software are fake I don’t mean to suggest that the brokers whom they are partnered with are necessarily scams. In many cases it’s true but not in all cases, I am still looking forward to receive more feedback on Option.FM and I appreciate your feedback Dallas!

  109. I have problem with Option.FM The verification process never ended. No chat no answer to my emails, but by it is trusted broker. Is it worth to trade? Will I see some money back?


    • I am not really sure in regards to Option.FM, I am seeing some conflicting feedback. I will certainly appreciate some feedback from anyone who’s following this thread. If they don’t answer you calls and banned you from their chat widget.. I don’t know?!…. It does’t sound good to me!

  110. Warning everyone!! The new Legal Insider Bot by Greg Marks Bot is a scam!! I already activated the stupid software and it’s worthless junk!! I already contacted WatchDog and I am contacting you and your visitors to warn you again this fake product! Hopefully Mike will post a warning on YouTube against these scammers!

  111. Michael, your comments and advice is much appreciated. There is so much junk out there it is hard to tell the real deal from the scammers. There is the latest ‘Legal Insider Robot’ with Greg Marks. Any comments?
    Thanks so much for your help which is so much needed.

  112. Received an email on this.
    It guarantees your deposit is backed by the bank. They are called Legal Insider Bot and claim they just launched August 12, 2014.

  113. operated out of the same boiler room as (previously

    They are both owned by YTF Trade Limited.

    I’ve personally visited their boiler room.

  114. is scam,he does not know anything about trading, will ask you to become his club’s member paying 200$.with german skype profile but in actualy sitting in india.

    • The Oz Robot doesn’t seem legit on first look. I didn’t hear from anyone who tried it yet but I see an increase in people asking about the OZ Robot so I am sure that within a week or two I’ll get a better idea of how well the robot is performing.

  115. Options Area is a fraudulent trading company that give you ridiculous offers and promises like making $40,000 a week, secured capital, high leverage, immediate withdrawals, 100% bonus, and secured trades of 90% win rate with a deposit of $5000 to get the gold account but in the end they only credit you the bonus when you lose almost all your capital during trading. Its almost impossible to get a withdrawal from them. Their brokers are gamblers and not professional traders with only 40% win rate and never bother to teach new clients how to trade and never give explanations for their secret trading strategy.

  116. on the subject of binary – to reinforce whats been said – (and thank you).. I quote for insured profits below. Thank you – I was tempted – you have re-inforced what I read also below.

    Insured Profits is the most recent joke orchestrated by the same folks who are behind Binary Matrix Pro and which they created in order to provide a 3rd party fake verification site to legitimize their franchised scams.

  117. Hi michael Thank very much for your very helpfull advice.I will check your recommendation.More power to you.!

  118. Hi Micheal , iam new in binary trading and plan to open one.what can you say with 8binary ?I am from the philippines.Thank you

    • Hi Dar, I believe you also contacted me via email and I sent you back a respons. 8Binary is not regulated and not listed on any authority binary options forums so I would avoid the. As I mentioned in the email, the ideal choice is to partner with a regulated broker with an established reputation such as Topoption, OptionTime, Interactioption and OptionFair. These are just a few of my recommended brokers and you can find the complete reviews for each brand on under ‘brokers’ in the top menu of Cheers! Mike

  119. Bought into GTOptions via an email from Walter Green who gave me a convincing tale that I’d be a dollar millionaire within 3 months by joining Free Money System. So I thought I’d give it a try with $500 then I’m persuaded to add another $500 so that I get by being “gold” a $1000 bonus .By now I’m down $500 and attempt to withdraw $1000 and leave $485 in – but that won’t work so let’s withdraw $485. But this is a no,no since because I haven’t traded 30x $2000 all I could withdraw was exit with $485 As of yesterday decided to stay invested.
    BTW I, by questioning my broker and “new best friend ” as WG puts it in his frequent emails found out that GTO takes commission of 25% on all payouts.

    Have just had an email from him now reccomending Hercules Profit Pro where this morning from another source thought this made sense judging by testimonials so gave my email address but didn’t make a deposit to Amber Options. Checked out on Google but all “scam” reports give link to Hercules.
    Also turns out that Walter Green is a veteran MLMer/NetWorkmarketer

  120. I tried, but – “Currently, depositing from your region is not supported.
    We are working to upgrade the system so you will be able to deposit very soon.”
    Will be waiting :)

  121. Can you tell me if Regal Options is legit. And what about a signal services – Hercules Profit Pro?


    • Hi Peter, it seems like a lot of people are asking about Hercules Profit Pro right now so I am assuming they recently launched this offer. I will keep my eyes open for any feedback or forum discussions, I know they are connected with several brokers so in your case, they assigned you with Regal Options. The problem is that Regal is not regulated but I’ve yet to receive any negative feedback on this brand and it doesn’t seem like they’re negatively reviewed anywhere on the internet. I you decide to try Hercules Profit Pro or if someone else has any information or an experience to share, please join the thread. Cheers! Mike

    • Stockpair recently became regulated, they’ve been around for a few years and I am not getting any complaints or hearing anything unusual associated with them. I think they’re safe.

  122. Hi Mike,

    I must be one of the biggest suckers. I signed up with Tokyobot and funded account with their broker BigOption with £250.00. I also see that you say they are not legit. As of yet I haven’t traded anything yet on my account. Can I withdraw my funds/close account.

    • I am sorry to hear about your experience. I am sure that in retrospect you understand how silly it was to buy into the Tokyobot narrative. I have no complaints against BigOption but unless you didn’t signup with a bonus (which restricts your account) you can request to withdraw your money. Be sure to deactivate the software if possible so you can still have something left to withdraw..

  123. Got another one that’s surfaced from Secret Millionaire Method, called Cash Cloud Machine. Also Insured profits is being pushed by Norbett Secret German Banker which means he is bogus too.

  124. Dear Michael,

    I am Benson. I was approached by my friend to trade with

    I am not sure whether it is a legits Broker. Please advise. Thanks.

    • Hi Benson, Never seem this brand anywhere.. it could be a local binary options broker in Japan. I would recommend going with a reputable, well-known broker instead of an unknown brand.

  125. hi,

    do you know anything about insured profits? the people are dave, ginny and steve. are they legit or a scam?

  126. I don’t really know about tokyobot, but they deal only with spotfn according to sign up site on google. Spotfn is a scam I’m very sorry to have fallen for, so I would be very carefull of tokyobot. I wanted it until I found out they deal only with a scam broker.

  127. I opened a binary options account with RBOptions out of Canada 3 months ago and when I went
    to withdraw the rest of my balance in my account of $842.00 USD, RBOptions never credited
    my Card back as they stated on their web site….. I have been waiting for over 1 Month now and they only say it was sent, but they lie . Then they gave me some transfer numbers that they said was proof of the money transfer. I called my Bank Card Company and they said RBOptions credited me 1 Dollar, and then took the dollar back so their would not be a paper trail I guess…. Oh then they tried to take additional $500. off my card too …. Stay Away From This Scam Broker !

  128. Hi I want to tell all your readers, do not go through and fall for these mentioned sites. Secret Millionaire Method, Insured Profits looks like another scammy site and broker is options area. These are scams I fell for it funded an account and after offers not happening realised I had been scammed. Funny thing is I emailed them to cancel which they haven’t replied to they called me after starting the account and said do you want insurance for your funds if so had to deposit another $3000. This is where I got suspicious. I have realised I have lost this money so I am trading it away, only problem is I keep winning. Please help in crushing these deceptive websites by putting all over the internet.

  129. I am having a problem getting a withdrawal from OptionsXO, did not received a bonus still having problems.

    • Hi Ravji, I don’t have any feedback for you as of yet since it’s a new product but I noticed many traders asking about the Tokyo Bot in the last few days so please keep us posted with your results!

  130. Great site: Great comments: Great advice ….
    Just joined Daily Binary Profits V7 via Titantrade. Down $70… Would suggest withdrawal and close account??

  131. Hey Mike: Just got an email on “7 Figure Traveler” It sounds a lot like “Profit in 60 Seconds”. Most of the online reviews are by affiliates selling the program. Any word on this program? Cheers!

  132. Hi mike,is TOKYO BOT software legit? I just received email from them. Try to check in youtube but no information. Need advice.thanks.

  133. Why I didn´t find this Website before!??!

    I transfered on the 2nd of july Money to optionsmaker, till today they not funded my account. I never reach somebody at Support. What the f..K
    I hope I have a Chance to get my cash back, cause it was a bank transfer

  134. I tried making use of and also got scammed . I deposited 1000USD and never got it back when i tried to make a withdrawal . they also promised to send signals using the golden goose methods but it was all a scam

  135. Hi Michael,
    You are really a great man and I would like to ask you which option is safe for trading here in GCC countries (Arabian gulf countries), at least 3 options please. Thank you so much

    • Hi Shah, thank you for the feedback! You should be able to access the EU regulated brokers. OptionTime, Topoption and Interactiveoption are great choices! I reviewed all 3 on the blog, you can find the reviews in the right-side menu. If you have questions on any broker in particular you can email me at Cheers! Mike

  136. Hello,
    Many adverts are placed on the internet about a new Binary product by the name of THE $100K CLUB.
    Has anyone had any experience with these guys ?

  137. I tried using an auto-trader called Binary Chaos, and got totally hosed by it. After watching their video, and downloading their “free” software, I opened an account with SpotFN to the toon of $250, and let them do their thing….
    So the first 2 days were alright, they placed 3 trades, and won twice, increasing my balance, so I got happy with my decision. Unfortunately, they did not continue in this winning streak at all, and after one week, they had placed 7 trades in my account, and lost 5 of them. Yes, they lost FIVE OUT OF SEVEN trades they made, with MY MONEY, reducing my balance to $165.
    Turns out their so called “system” is just guessing, and gambling other people’s money. The video that reeled me in did not mention that the system was just flipping a coin, and crossing your fingers, all while throwing away someone else’s money on your random bets. But unfortunately, that is what they do, and i have since deactivated their auto-trader, and am trying to recoup what I can after this trip off scam set me back my food money for the next 2 weeks.
    Moral, with Binary Options, there is no system, except random guessing, and anyone who says they have a skill in it, is just lucky sometimes, SAVE YOU MONEY, and STAY AWAY from Binary trading!!

  138. Hi Mic, Your website is Awesome!!!!. so many peoples are cheated from fake binary option. You saved them, thank you very much. My name is sareesh from INDIA (Bangalore). in india whether i can work Topoption or Goption. If it’s not working in India, please guide me any trusted binary option in India. Thaks and god bless you

  139. Hi great website Mike. I’m from India I found auto trader software. I almost deposited to their broker but this great website save my huge money. Thank God and bless you mike..

  140. Hi….great site you have here! this “bot” is a scam. Do you recommend ANY automated bot systems that actually work and produce good results?

  141. I found a new automatic trading robot called

    It claims it can deliver ~70% per month.

    Has anyone tried this and what is your result?

    Mike, I’d like to take your view also. Thank you.


  142. is a complete scam.I have lost $3,600.Continue to ring me wanting more money.I have emailed them to stop emailing me and ringing me but they wont stop.Nasty people.

  143. I have heard that getting a BONUS can cause you t have to reach a certain limit before you can withdraw – are there any good , honest companies that do NOT give a bonus or does it really matter.

    • Hi Craig, All binary options brokers can add a bonus to your account but they have to ask you first, in most cases it’s better to avoid the bonus unless it’s a company you trust %100 and you’re confident you will continue trading for at least a few weeks.

  144. Hi Mike,

    Have you heard about safetraderapp? I received an email regarding their software. What do you think about the software?

    • Hi Sagar, it looks and sounds like a scam…”number two..shut the hell up” (quote from the intro video) …sounds very fishy but so far I’ve yet to receive any feedback on this one. Most auto traders are worthless, if you’re looking for a reliable auto trading software I can recommend the AQI software, it’s listed on my recommended binary options signals page. Cheers! Mike

  145. Is there ANY trustworthy binary broker around?
    I have also lost USD$ 4100.00 which binary brokers BANC 54 stole from me.Are these brokers known to anyone? Their website looks great, but they do not respond to any mails once they receive money fraudulently from your account. They will clean out your account if you do not immediately stop ALL payments with your Bank.

    • Hi Carl, there are a 100+ companies right now and many of the newer brands turn out to be a fraud. The safest way to trade is with a fully EU regulated and licensed broker with a proven reputation. Three brands I can recommend are OptionTime and Topoption both offer a $100 minimum and they are %100 safe and TitanTrade which is my favorite broker for US traders.

      Checkout the complete reviews:

      TitanTrade Review
      OptionTime Review
      Topoption Review

      Good luck with your trading! Mike

  146. I noticed people ask about the “one percent club”. I tried this, was told to sign up for account with “OptionsArea,com” when I tried to fund it I had some concerns and contacted them, and ended giving them my credit card info and permission to withdraw. Fortunately for me they made a mistake on entering details and it didn’t work for them, so the customer service contacted me. when I answered the phone I looked at the id readout and it said VaultOptions! I asked the man why his id said that when he was supposed to be calling for optionsarea and he said he “had to borrow a phone because his was getting fixed.” Now we know who is really behind this new site and I wanted you to know. Also I noticed some people on your site saying Bank De Binary hustled them for a lot of money and then stopped helping them when they lost all following their signals. I also was taken for over $25,000 by them and want you to know that also!

  147. Just to let everyone know that ‘100 dollars in 60 seconds’ is at best a 50% outcome,I put $250 in, when I checked last, before inactivating auto trading it was about 11 losses to 8 winning trades.This could be profitable if you could find a way to allow one trade only, but it seems that it places too many trades at a time.Also, manually trading on the broker, Option Rally seems to have a lag sometimes of about 4-6 digits, if the same is occurring with auto trade, it probably explains a lot of the dud trades.As well, I think that trading metals etc is a scam because it counts in 59 digits when buying but, I suspect counts much smaller in expiries.I was given about 1500 more than I asked on platinum and a considerable difference on Gold and oil.I suggest traders give credence only to currencies and stocks!!

  148. Thanks for all the input on this site. I got invited to a binary site: could never find anything on this guy as a broker. Did find several reports he a scammer and people not getting response as customers and money gone! I laid low and am glad for your reviews to assist me into returning to work and not dealing with binary scammers.

    • Hi Thomas, this website Richard-Broker redirects you to Amberoption which is a fake binary options site, they scam many traders! It’s definitely a company you want to avoid! Cheers! Mike

    • Hi Anandh, I don’t recommend this product. I received a few emails from traders who tried it already and they’re not reporting any success. It must be some kind of a scam.

  149. Appreciate your response Michael. It is a shame that these sites are running wild, without any regulation. With people like yourself and an informative thread from your subscribers, we must do our continued due diligence. Many thanks.

  150. First of all thank you Mike for all that you do. It is so nice to have a “safe haven” to come to when it comes to Binary Options. My inbox is constantly filled with the “latest” get rich methods on a daily basis. The most recent are: “60K in 60 seconds” using Tiger Options and “Binary Chaos” (previously mentioned by you) using RB Options. Any thoughts?

    • Hi Steve, I would stay away from Binary Chaos…Ever since they launched this service (two weeks ago) I’ve been getting lot’s of negative feedback. The reported performance is somewhere around %45-%50 .. FAR from what they claim. 60K in 60 seconds looks and feels like another fake “get rich” scheme with a great design yet nothing behind..They build an email list an promote the same software with different names/pitch pages every time..many people seem to fall for this BS again an again..

  151. There’s another binary sustem on the market called “Binary Chaos”…
    And they are promoting it on TradeQuicker Binary broker.
    Have you heard anything about this system and the broker? Please let me know.
    Cheers Bud.

  152. Another scam broker is Setoption. As I was new to BO I deposited $250 to practice with. They offer a 50% bonus with that amount. Of course I lost that money in the first 2 days. They said the bonus can take up to 7 days to be credited. Two weeks and a few emails later, no replies, no bonus. Keep away from this lot.

    • Hi Fares, It sounds kind of suspicious because I don’t see why would a broker give you free money without any type of commitment on your part. The bonus probably includes a restriction that requires you to reach a high trade volume before you can withdraw your funds, but either way.. you need to get something in writing with all the details and restrictions that are associated with the offer before you take it. If they’re able to provide you with something in writing you can forward it to me and I’ll read it carefully, you can reach me at Cheers! Mike

  153. Hi, i am new in this and just sign up with this binary brokers ‘super options’. Did anyone have any comment on this brokers?

    • Hi Chuck, It looks terrible..and on the Lions Den Trading seems like a brand new site, some of the sections the website are incomplete and they have a very poor trust ranking as well.. but let’s see if anyone else can provide with some feedback. I don’t plan to try this one..

  154. Please do not ever use ZOOMTRADER at all, its a big scam.. As soon as you start making gains, they will restrict making trades which might give you gains, sometimes, trades which won are not even shown in the trade history, they are just cancelled. The main scumbag on Zoomtrader team is Tyson Wilson, please please avoid using this broker. I have already filed numerous complaints to various regualtory bodies, hope they take action soon on these guys.

  155. Stay away from, they are a scam, trying calling them and you will see that they are not legit, I’m fighting to get my $1000 back, they sent me an email that my withdrawal was approved and it can take 5-10 days, is been more than that and they are not replying to my emails anymore.

    Do not do business with

  156. I am so glad that I found you on you tube when I was doing some research on these binary options sites that I keep seeing every where. I was soooo close to parting with my money. It was only that I was on an iPad that I had technical issues when I was trying to join binary cash converter!

    I owe you a pint!

    Keep up the good work :h

  157. Hi Mike, it’s Kurt here,

    Can I trade successful 60 seconds binary options with signals, what are your recommendation on the best signals provider?
    You know anything about “Binary Matrix Pro” signals?

    Thank you,

  158. Hello mike
    I m from kuwait and im new in trading , i have singed up for two broker amber option and option now . What do you think of these two brokers ?

    • Hi Hissa, Amber Option is getting a lot of negative feedback. There’s also a pretty nasty review on RipoffReport.. Hopefully you didn’t deposit a large sum of money. Optionow is a better choice even though they’re also relatively new but I never hear anything bad about them. Cheers! Mike

  159. Hello,

    I opened a managed binary options account with a company online. For almost 2 months, they traded my account and I watched it grow. However, almost 3 weeks ago, I requested for a withdraw which was approved but I have not received the money on my account. My account manager blocked me on skype and I cannot even contact them on their website. How do you advise i deal with this?

    • Hi Faith, that’s bad news! Which company are we talking about? I would recommend filing a complaint with the credit card fraud department. There should be a number of the back of your credit card. In some countries you will need to contact your bank. If you are not sure how to file the complaint you can also contact me at Good luck! Mike

  160. Hi Mike,
    Great job you’re doing here. I saw your site a few hours too late but it made my practical class complete in the complex learning world of binary options. I’d just credited my account with (RBOptions as broker) 250USD though they kept calling to tell me how much I was missing by not going beyond the minimum. The robot made 12 trades won 4 and lost only 8 and my account’s down to 20USD all within a few hours.
    Pls keep up the great work.

  161. Any further info on that Section 75? Which countries does that apply to?USA only, or is that a world credit institutional element? Just wondering…
    Again, thanks, not just to you Michael (yes, people do need you!), but also, to all those bringing light to this entire element!

  162. Thank you so much guys for your info and I hope we can prevent others from falling victims of these people.

  163. I signed up with Auto Binary System from Roger Pierce and they recommended that I opened an acct with Optionow, I was called also by an acct manager when trying to open an acct with them, and then I had to sent picture id and just the last 4 digits of my CC and a utility bill, the rep called me several times and I called the # listed in her email which doesn’t work, and I called the UK # and they hang up as soon as I asked for her, I called second time and they said that they would call me back that the phone line was really bad, anybody had a similar experience with, I’m going to request my money back and open an identity protection acct of some sort, I”m starting to believe that these people are a scam, the rep doesn’t reply my emails now they list an UK address but they are registered in Gibraltar, I would appreciate your input.

  164. Hi,
    I went through a lot of complaints sent to you. I feel so sorry for them but I can advice that you reply any one paying any company to pay by CREDIT CARD. Let them Google “SECTION 75” and take time and read and Study it, Follow what to do and the CREDIT CARD ISSUER will refund their money without any sweat and it is FAST. Mannilat16

    • Thank you for the input on Section 75. I plan to post a very informative video on my YouTube channel and detail all the options available for traders. I hope this will make their life easier when dealing with some of these scammers.

  165. I have terrible days in these days. I already had lots of debts cause I had cheated by some bastard and he stole my money away. And I tried to find a way to solve this problem. And I met binary option and I chose a wrong company “Global Trader 365”.
    At first, I put 1000$ and they gave me bonus and I lost them in a sec. And then they asked to put more money to take the money back. They assured me to get my money back if I try again. And when I lost them again, original broker avoid my call and messages and never call again. And another broker call me to put more money again giving me a hope again.
    I was stupid to trust them over and over. I thought another broker would be different. But eventually they were same. I lost more than 20k and couldn’t get any withdraw. I lost everything and left only more debts now. I want to go to jail all together.
    The people who made me into this are named “Jasmine, Sarah, Lourie, and Ramsey” They change their words all the time, and when the time they can’t keep their promises comes, they start to avoid me. That’s their way.
    Now I lost my future and hope. I hope you can help me…at least purnish them, please.

  166. No Mike I did not sign up with them, I follow you about a month or two and one thing I learned in this time is ASK, if you are a new bee otherwise you lose a lot of money.
    I’am glad I found you on the Internet and thanks for all your advise.

  167. Hello Mike,

    Today I received a mail from

    What can you tell me about this signal software?

  168. Hi Mike, there is a new money making scam called Millionaire’s Society whose recommended binary options broker is RBOptions. Just to let you know since you do not recommend RBOptions. Cheers! Kenneth

    • Hi Kenneth, thank you very much for sharing. I’ve been following this scam from day one.. here is a review that puts them in their place Millionaire’s Society Scam! The nicer the service looks in terms of marketing/pitch page and all the bells and whistles, the higher the chance it’s a scam. REAL TRADERS don’t have time to invest so much work and though into the marketing aspect of launching such a service..

  169. DO NOT invest your hard earned money with OPTION MINT Binary Broker in Toronto, Canada. You Will Not See it Ever Again. Their Customer Service Dept. (and con-artist CHAD) will LIE and SCAM and tell STORIES to you so they get every cent of your BONUS AND lie to you to make you want to deposit more money so you can lose it as fast as they can make a phone CALL to YOU. And they’ll keep calling you until you’ve LOST it ALL at their Cust.Service command. Their customer service dept. does Not Want to Keep their traders happy at all. They don’t even want to Keep them AT ALL.

  170. Hi Michael, just wondering if you know much about,all I’ve seen is they’re new,probably Romanian, & I just ignored a call from them coming from Canada.Any info?
    Cheers for your hard work!

    • Hi JM, I appreciate your feedback. Option Area is one of the newer companies and I’m just now starting to hear about them but I couldn’t find enough reviews. Just promotional reviews at this point but if anyone has any personal experience with them please share with us. Cheers! Mike

  171. Hi Micheal, i want to try the auto quick income. Their recommended broker is could you confirm that this is the right broker?

    • Hi Sayang, I know they select the broker for clients based on the country’s range of IP and Big Option is usually for non US traders. I haven’t heard anything bad and I researched this broker very carefully. They are licensed and regulated so you are definitely in good hands and the AQI sofware if really good. I listed it as one of my top 3 binary options signals in my latest video. Cheers! Mike

  172. Thanks Michael, much appreciated for the confirmation. Expected a scam. Glad I went through you first before executing. You the man!!

  173. Hi Michael, I wrote to you earlier but I guess you are quite busy so I write here. Would wish to know about Free Cash Trick under Chris Mason who says he is going to give you $500 of his own money to trade with first but his recommended broker is OptioNow. Any idea of this please?

    • Thank you for the comment Kenneth, I know about this offer and they are working in connection with other scams. Instead of calling it a bonus, they lie and claim that they will give you some of their “own” money”…but nothing in life is free. The match bonuses offered by the brokers, which is what they’re referring to, will lock your funds and restrict your ability to withdraw your money until you generate a really high volume of trades. It’s not recommended at all, the best way to start trading is with a minimal budget and without any bonuses, gifts or anything else. Also avoid the “free training” offered by most brokers in exchange for a higher deposit. Here is a video I posted on this topic a few months ago. Higher Deposit for a FREE Training Warning Video! The only reliable Auto Trader I am familiar with is the AQI Soft and it’s listed on the Signals Page. Cheers! Mike

  174. I was looking into signing up with the Binary Matrix Pro Signal program which charges a penny on each signal but you have to sign up with Platinum Traders. I don’t see either of these list on your site. Can you tell me if you think they are Legit? Thank you Becky

  175. Mike I want to thank you for all the great information that has saved me the headache of learning of these scam option companies the hard way.

  176. I’m doing homework on Binary International as to their legitimacy /results .They are the
    broker,and tie into signal software with ITM Financial. Anyone using them,or whatever experiences you’ve had would be appreciated

  177. hi Michael,

    Can you advice me if i want to start the binary trade system, where i can deposit not much and which i can withdraw without much hassles,I am based here in South Africa.

    • Hi Annie, Thank you for visiting my blog. From South Africa you can join most brokers. For fast withdrawals I can recommend TitanTrade, they offer same-day withdrawals. Checkout my TitanTrade Review . In the review section you can find additional reviews for Topoption, OptionFair and Capitaloption which are also known for fast withdrawals but from my personal experience I can tell you that titanTrade is really fast in terms of withdrawal approvals and processing. Good luck with you trades! Cheers! Mike

  178. Hi Michael, can you give me the method of approach on how to cancel a broker account and get back my deposit?

    • Hi Claude, Each situation is different and it depends on how long ago you deposited, the broker, the method of payment and other relevant information. Please email me all the details at so I can evaluate this better and hopefully get help you get your money back in the case that your request is legitimate. Have a great weekend! Mike

  179. Dear,LSE
    I receive an e-mail in mid-April where they propose a collaboration platform with the miller – see that expose the ‘ authorization FTA and others after a request made you decide to invest unanswered € xxxxx . Following their manager Mr. Roberto Lamorotta introduced me to some interesting results and very good and continues to ask for additional payments to increase my earnings .
    Force of its own with a further payment of my credit card number and credits on my account elusive another 1000 € from my ip address is never match any authorization of such additional € 1,000 . Later Mr. Lamorotta asked to pay an additional xxxx € by bank and more € xxxxx more with other visa card . I am still waiting for FTA tell me if the miller – is authorized and do not authorize . no bank and no credit with the visa .
    Now, after several phone calls to their number in Italy 06 * 94,806,242 non-existent now , and after repeated requests for accreditation of my money and my gain I think it is appropriate that you be aware that there are structures that collect savings authorizations under your hypothetical maybe without having any these permissions . I would like to recover my money and see the ‘ FTA approval of this mysterious miller –


  180. Banc 54 is a scam. Site location is hidden. I have been scammed $ 24,000. On 4 different occasions, $ 6,000 was were put through my credit card without my approval. Each time, I queried this their account department was blamed. William Tence, Justin Delacorte and Henry Shaw are the account managers. Similar incidents have been reported on the Forexpeacearmy web site.

  181. Hi Michael

    Have you any views on ‘The Wealthy Trader’ and UK I have requested a withdrawal but have not had a response as yet.



  182. Hi Michael,
    I received several emails from Stuart Locke who is offering his so called Trade Pair software in his sales video
    in combination with the LBinary broker. Could you you give me your opinion about? Thank you in advance.


    • Hi Wolfi, I know that Lbinary is a great broker, checkout my Lbinary Review. I couldn’t find any reviews and I am not really familiar with the Trade Pair Software but it will be great to get some feedback from someone who tried it. Cheers! Mike

  183. Hi Micheal,
    Where can on I find a brokerage that
    provides a practice account which I can use with either a robot or signal provider?

    • Hi Lindsay, the only issue is that in all cases the Auto Traders are connected to a live account, I am not familiar with a service that you can connect to a demo account with a binary options broker but that’s a good question. I’ll definitely look around and check if this is available anywhere. Cheers! Mike

  184. Hey Micheal I’m planing to invest into 24 Options…I wanted to ask you how is 24 options…have you heard any complaints or issues on withdrawal..?? Please reply…Thank you in advance!

    • 24Option is not bad. They are fully EU regulated and they offer a nice trading platform. There are a few better choices in my opinion but in this case it’s a matter of preference. Have a great weekend! Mike

  185. Hello Do you have any feedback on German Binary robot by Norbert ex German banker.Receiving a lot of marketing on this. Looks and smells like a scam

  186. hi Michael,
    thanks for saving me from the scam of one two trade. they called me today, and keep pushing me to deposit $1000 to their account and offer me 100% bonus. thanks god that i found ur website^^
    now i am trading with Topoption that u highly recommended.
    so far, i am still a newbies. can u recommend me some website that i can check financial news and article ?thanks~~~

  187. Hi, I’ve just engaged Binary Option Robot,(free download demo) my modest account of $200 was reduced to $3.60 in about 3 hrs then like an idiot I reloaded another $200 which is now at $49.I would have been better tossing a coin,if this piece of crap software was as good at winning as it is at loosing it would be brilliant!

    • It’s a good question because IQoption is a brand new company so I don’t have enough details right now, generally I would suggest avoiding new companies without enough reviews.

    • Hi Manav, I receive tons of complaints concerning Auto Binary Signals – ABS . They created the system in a way that confuses traders and most people end up giving up because their signals are too hard to work with, the ones who are able to make use of the system, report getting around %40-%50 ITM, Auto Binary Signals is a SCAM! Here is an Auto Binary Signals Review If you are looking for a reliable signals service try or the Option Bot 2. I included both on my list of binary options signals services. Cheers! Mike

  188. hi there, I’m from Philippines, and I’m planning to enter the binary option trading,. which broker do i have to trust? thanks

  189. Hi Mike, I am curious if you have any info on Binary International ?
    I have already opened an account on Goptions but I am thinking of opening one with, what do you think ? Thanks

  190. hi everybody iam victime of tow company they work as binary option and iam warning you not to joine this tow compnay called and so pls becarfull they are playgames with your money and at then end you see your self you are out of your wallet same what happen to me and i need somebody if they can help me to complane against them to get my money back please contact me pls

  191. Hi there , Im from MALAYSIA . Can you guys please suggest me a trustworthy binary trading option. I got to know about STOCKPAIR.COM. Is it trusted or is it a scam too ?

  192. All, Update.

    After 3 weeks’ time of my withdrawal request, I have been keep emailing TraderXP’s CS and the account manager, Mazen Obaida, for withdrawal.

    Today, I just received a call from another guy, Adam, asking me to open a trade claiming that if I can follow his instruction, I can double my money in my account and withdraw half of the account. If I am going to follow he will open the trade HIMSELF and TRADE FOR ME until he blow up the whole account.

    Besides, he kept saying that I must follow his instruction before I can make any further withdrawal!

    Don’t you think it is a BLACKMAIL?

    Don’t trade with this company. I have lost over $5000 and experienced the worst customer service in my whole life. And what’s more are my ID copy and Bank account numbers and credit card number are fully exposed to this company!


  193. Michael, who do you recommend for those of us trading from the US. TOPOPTION will not accept a US address for a real account.

  194. Mike congrats for this amazing job of helping others from the word of scam in internet.
    I have a question am from oman and new to trades which site would u recommend which will be suitable for me especialy when it comes to withdrawals?

    Regards and keep up the good work.

  195. pushbuttonmiilionaire,, all are same, and you are not going to win 50% , if you want to test yourself, just join the program, and sign up with any of the brokers(use fake phone and secondary email), but don’t fund, watch the live trades coming through, take paper trade or trade in demo account, i guess in 1 week, the account will be half.

    I have tried 2014only,I used only for 4 days , and it is 3-4(loss), I stopped, and now trading with my broker recommendation and winning most of them.

    Don’t try richard server, says $499, if you keep on cancelling,you will get for $97.scrap don’t try……………

  196. DO NOT DO BUSINESS WITH ZENITH OPTIONS!! They will take your money and refused to return it. The customer Service at this company is HORRIBLE. This binary options provider is not regulated. They will tell you they are but the have to answer to no one. Zenith Options took my 5,000 dollars and refuse to return the money after they told me I would have a 2 day trail and I did so and after 24 hours I requested my money back and they will not answer emails, phone inquiries,Skype, or chat. They did not even call me to welcome me aboard. They will laugh in your face when you give your money as the keep denying your withdrawals. This company is a SCAM. Worst of all, the are based out of Cyprus.BINARY OPTIONS LIVE SIGNALS is no good at all the recruit people to join safe24options and Zenith options with their supposed high win rate. You put your money in and you would be better off going outside and burning it all up. Ar least you get to keep the ashes.

  197. Hello,
    is here anybody from Germany, Switzer-
    land or Austria ( German speaking)
    whi is always very intersted or involved in Binary Options Trading.

    Best Regards

  198. Mike,

    I tried the Push Button Millionaire. I swear it is a scam. win rate less than 30%, ie it is even worse than 50-50 shot.


  199. Hi Mike, I am so grateful I found your site before I have funded any accounts. Any info on push button millionaire ? Thanks.

  200. Hi Tommy

    Just call their toll free number during the european time zone, shout at them. Also who ever is your account manager, ask him as well as his manager.They takes time but you will get it.

    You explain them, how you tricked with the bonus.


  201. Kiran,

    I hope what you said TraderXP will proceed my $5000 withdrawal request is right. But as of today (26 Mar 2014), it’s been 5 working days already, and they did not response to any of my emails. My withdrawal request shown in the Banking History is still “Pending”.

    I had already asked my bank to terminate my credit card already and re-issued a new one.

    I will give you update.



  202. hello mike. was thinking of opening up account with rb options. would you recommend them? thanks mike. donald

    • I don’t recommend RBoptions after reading that they’re website address in Canada is fake! I don’t trust them and the reviews are concerning. If you are trading from outside of the US, checkout my Topoption review and if you are trading from the US, I can recommend TitanTrade. Both brokers have a very clean reputation. On this page Broker Reviews you will find the reviews for all of my recommended brokers. Cheers! Mike

  203. Yes, I was scammed by Binary Matrix Pro. Do not trust any of them. I recently talked to them and they tried to scam me AGAIN.

  204. Hi Tommy

    Traderxp will send you the money,but it will take time, as you are in the Gold status, they should send with in 2-3 working days.TraderXP wants customers with minimum $5000 or above, I have seen the accounts of customers, they will give guaranteed signals on a daily basis,most of them are very good, like 5/7, 6/9 or 7-8/10, mostly it will be above 68-73% predictions correct. But I recommend there are lot of good brokers out there, where you can pull the money and try with some one else.Every withdrawal they will charge you $25, even back to credit card.

    Please file a case with your credit card company, for taking the money with out your permissions.These complaints are common with traderxp.Also ask bank to reissue a new credit card. My card they have pulled $400 to trading account with out my permission.

    Do not accept any bonus like, losing a trade, christmas bonus, questionnaire bonus etc. You have to trade the bonus amount + actual amount multiplied by 20.

  205. Mike, have you any info on Binary Matrix Pro? They just started to push there software. They say there verified with some type of seal?? Thanks.

  206. Dear Michael,

    I surfed the web and came across your website which is informative and educational. Great site.
    I report my experience with TraderXP as follows:

    On 3 Mar, 2014, I opened an account at TraderXP deposited $250 into the account. After I opened the account, I received phone calls almost every hour from the day I opened my account, kept asking me to jet up the account to their Gold level($5000) so as to receive their 1 to 1 service. I refused them every time. However, about a week later, on 11 Mar 2014, they just debited my credit card for $5000 without my permission directly!

    And they keep asking to put another $5000 in the following week so as to increase the account to $10000 so as to get a so-called “generous 50%” bonus. I rejected and hang up the phone every time.
    I felt something was not right, and I submitted my withdraw request the next day, they just cancelled my request within half an hour without my permission! Immediate after had cancelled my request, they followed by putting 50% Bonus into my account even I did not ask for and rejected to take their bonus.

    And it’s been 4 days after I submitted my withdrawal, I have not received from them and the withdrawal request on the Banking History is still in Pending status. I emailed them 2 times to their CS support, but no response.

    I reported my story to my bank on 18 Mar 2014, they said they will do an investigation on the matter.

    Mike, I want to hear from you and what can I do? Thank you.



  207. Mike, do you have an outlook on ‘Optek’? I’ve signed up with them but have since found quite a few complaints about them.

    Thank you for your time.

    • I also noticed a few concerning reviews for Opteck so I would personally stay away. Instead you can signup with one of the reputable EU regulated brokers like Interactiveoption, Topoption or OptionFair. Checkout my latest Interactiveoption Review, many traders are signing up with them because of the high payout, $5 min per trade and the free training. I think they are a great choice. Topoption offers a $100 minimum deposit and they have a straight A reputation, Topoption Review. Cheers! Mike

    • Hi ehsan, I would always recommend going with a fully EU regulated broker like Topoption, OptionFair and Interactiveoption. The most popular one right now is Topoption and they offer a $100 minimum while most brokers require $200. Checkout the Topoption Review. Cheers! Mike

  208. hello Mike,
    I have invested USD 54K over in a binary ttrading accounr with BDB. At fitst i was encouraged to invest more to reach a VIP level – the lions club. I kept hearing ” are you a lion ” and other encouragement that pumped me up. the accountt kept losing and my withdrawal plan never came through. Although i have an email that would let me withdraw at xmas 2013 and 1500 monthly; the funds got tied up in trades and the remainder was depleted due to bad trade signals by the broker. To recover on two ocassions they ask me to deposit more money. I felt that I have already put in 50K then 2K more to recover is a chance that i must take to recover. I said that I dont have it and if I use my current paycheck that I will have to get it back in a week; since I will need it for current living expences. I even complained that my bills are piling up and the creait needs to be paid back now. I was told that my complaints were right and the head broker said we will recover in the next week. although I reminded him of their promises. He went on to say that, “he needs to give me the benefits he promised”.This occoured twice with no good results. I finally felt that I was being taken for a ride here when I was asked by the trader to mortgage my home, which I refused to do. At this point I am out over 50K and they knew and encouraged me to pull money from credit cards to do this with their promiises of profit and in their words “I will not have to work in a few months. I have skype communications to support this and more.
    What can I do here to recoup the funds as these guys are not helping anymore

  209. Do you have anything on Amber Options? They are the brokers for Richard Morrison´s software
    “Richard´s Server” Any opinion on
    how good that works?

  210. thanks for your help i saw your review on the option bot software but i don’t no if the 75 percent ITM success you talked about can be achieved when you open with just one broker or must you open with 5 to achieve this. thanks awaiting your reply.

  211. Thanks for your help mike. Saved me a lot of trouble and prevented me from being scammed. Peace brother

  212. Hi Michael

    I have done some initial research into a new binary options company called Lionive, I am a bit skeptical about this company for one reason; they say in their terms and conditions that they do not accept anyone from Israel, yet a quick search on reveals that the site receives 9.5% of their traffic from Israel, will do a follow up soon

    • This LionLive company is a new company, if you signed up with them definitely keep us updated on how it goes. It’s super strange that they block Israel however they get so much traffic from there..makes you think. It could be that they are located there or that many of their marketers are located there. Either way it’s strange!

  213. Hi Michael
    Thank you sooo much for your info , i was saved just in time.
    I’ve just decided to join
    which still new and dont have legitimate background.

    I think I will follow your advice to go with Topoption since i am from Indonesia.
    Really appreciate if I can ask you question re binary in the future 😀

    • Hi Colby, I can recommend going with an EU regulated broker like OptionFair or CapitalOption. Another option is to register with a US friendly broker, I am with TitanTrade right now, they offer a good payout and they are reliable. Checkout the reviews in the right-side menu. Cheers! Mike

  214. Do not use amber options – a scam
    Deposit $1000, bonus $400
    You can’t withdraw until you have turned over $12,000
    This includes your own money!!!!

  215. I also went with Ninja and Black Ops and demo trading did great but as soon as I started trading with Foxwood the same thing happened to me as Karin. When I also told them times were wrong and my trade should have won I was told it was my computer. On one upward trend I was doing really well and all of us sudden I was told”option not available at this time” My class was given an apparent discount where we paid $995.00 instead of $1900.00 and also told to go through FoxWood as it was explained there were a lot of scammers out there. I was such a newbie and should have investigated better, especially with all I have learned on this site.

  216. Karin,

    Sad to hear your bad news about FoxWood.

    So, the software Ninja & Black Ops works is GOOD?
    Just the broker that sucks?

    Is that correct?

  217. You make a lot of references in your post about scam book. I don’t hold any regard for this company as it only takes 1 person to make a complaint which can be false and then it is near impossible unless you pay scam book to have it removed. It happened to us. An unknown person who was having some fun, published a complaint about us which was totally false. I had to threaten legal action to have it removed and paid them in the end to do so. I suggest that you recommend a more legitimate method of finding out about so called scams which don’t just reflect one persons opinion

    • If it’s a single bad review it shouldn’t alarm anyone but in many cases I am seeing brokers with 10+ negative reviews on ScamBook, BBB and ForexPeaceArmy, if you can’t trust the watchdog sites, who can you trust? I am not familiar with other ways to detect scams besides research and you didn’t suggest an alternative. I am sure that in many cases, traders over-react and some customers are vindictive and unfair, therefore it’s important to read between the lines and distinguish between honest reviews and fake reviews. Cheers! Mike

    • Yes, not all systems and software for binary options are scams. If you are looking for a reliable software, Taurus Signals is good (most of the time) and the Option Bot 2 is the best software in my opinion. Checkout the Option Bot 2 Review. The broker accounts are synced with the Option Bot and you can select from 16 different brokers. Cheers! Mike

  218. hello,

    i have a question about a software called daily profit d7,

    i found it on the internet.. does it work? did you hear aything about it?

    or do i have to stay away and is this a scam?

    thanx a lot, jordy

    • You mean looks very suspicious and I am getting lot’s of emails in the last days from traders asking me about this system. They are running on the same network as which turned out to be a scam so I would be very cautious! I am going to post a video on this system and try to get some feedback from traders who tried it. Check back in a few hours, my initial review will be posted on YouTube soon. Cheers! Mike

  219. Hi,I’m from Malaysia.I want to start doing some investment and I came across binary trading via an ad.Luckily I didn’t react instantly by signing up instead of checking things out.I came across your videos and I am very happy I did.Can I have some recommendations on brokers(Asia is not a problem right?)and also any good site where I can get good education on trading.Thanks=)

  220. I signed up for the free training on BlackOps in January, with a requirement of depositing $500.00 in Foxwood Options. The owner of BlackOps stated his friend started this Foxwood Options in England, and promised to take good care of Black Ops customers if he would send BO’s customers to him. Let me say this first of all: the Ninja portion of the BlackOps program works wonderfully well in my demo account. I have traded a total of 128 trades with 103 wins and 25 losses. My very short live trading at Foxwood was a disaster. I traded one and lost one, then traded again…the trade was good. I write down each and every trade and the time. The times were in sync for the trading platform and my freestockcharts. I looked at the screen for my little payout ($5.00 trade) and it said “Expiry”…just like Mike reported in his scam report! My expiry time was 3:17 (EST) and on their report they listed it as 9:19 (GMT?) They listed the trade as a failure. I sent them a screen shot of the trade, but unfortunately, you cannot print out any trades…they are gone almost as soon as you look at them. I wrote to Foxwood on 1/27/14 asking to close my account and on 1/28/14 I received a gracious reply from Justin (I presume the owner) stating I could have my money back, that he would send a report to his committee, etc. Today is 2/4/14 and I have not heard anything else. I would warn anyone considering this broker to be prepared!

  221. Hello Michael.

    Thanks for showing that shit company does.
    I live in denmark (in EU) and i am pretty new about binary options…
    Do you know any thing about taxes? And What website should i use for binary options? And one more thing what is wrong with De Swiss?

  222. Thanks Michael,maybe its too late for
    me cause im already deposit my money with them via my card.for know i just want to find the best way to get my money back from them and for what was Justin mention on his comment also the same matter that happen to me.

  223. I purchased the BinaryPowerSystem as pushed by Justin Cole in at least 2 webinars a week, in which he claims to have ONLY 20 copies available, and a software with 100% success rate.
    Lost £400 in under 3 weeks while plugged in to his software and have just requested the refund (60 day money back) of $500 + $100 taxes which it cost to join.

    The GoldenGooseMethod… well I entered my info on the webpage to register with their “recommended broker” Option Mint. Then I am forwarded to Banc54 where it seems I now have an account. In my email I receive a confirmation email but from Binary Pilot. Then Banc54 calls me on the phone and talks me into depositing $250 and the guy on the phone also tells me that b54 OWNS the GoldenGooseMethod Software, which by the way, I have never got to see nor use. Gambled away the $250, end of that adventure.

    Thanks for looking out for people Michael. I watch your updates on YouTube now too.

  224. Hello Micheal!
    Thanks for your great work! I’m a subscriber on your channel, been watching your videos and learning from your knowledge.
    I will sure to follow your advise toward binary option trading!
    Barri EU

  225. Justin Cole’s Binary Power Options is a complete SCAM. i PAID and enrolled last week and am not only unable to use it, I am also unable to get any of the advertised 24/7 support! I have tried dozens of times to get any support and all that I receive are automated replies that a support staff member will contact me shortly. If shortly means next year than maybe I will hear from someone, but otherwise – scam!! be warned!

    • I am sorry for the delayed response Anthony. I receive tons of email spam from Bell Options lately and I know that they are a new company. I usually don’t give the ‘benefit of the doubt’ to new companies for my own safety and I can’t encourage others to attempt this route with new companies, especially given the number of fake sites that are surfacing every week now.. Have a great weekend! Mike

  226. Hi Mike,

    Thanks for sharing all the information..!

    Just will like to ask about

    Is it a safe website to trade?

    Im totally new in this industry and will like to find out more..



    • Hi Dora, is not regulated and not listed on any binary options portals, forums and related sites. I wasn’t able to really find any information for you concerning reviews. Personally I try to stay away from unfamiliar sites, it’s always safe to go with a regulated broker with good ratings. On the right menu I listed several reviews for recommended brokers. Checkout OptionFair or Topoption if you are from Singapore, both are fully EU regulated and offer access in your country. Cheers! Mike

    • Less than 30 days old, this broker is in diapers right now. They don’t even have a traffic ranking on, meaning that BFMMArket was lunched sometime in the last 30 days. Where did you find out about them? Email/pop-up/signals service or Google Ad? Let me know because I don’t see them listed anywhere on the binary options websites I am familiar with and I know most websites in English and in different languages that are associated with binary options. Never seen this one before.

  227. Sounds like you got the same broker agent I had at Global Trader 365.

    If you used M/C or visa and you don’t wait too long you can request your money back. I got mine back. They know they are a scam so it is easier now!

  228. GoldenGooseMethod is a Scam

    I signed up inside GoldenGooseMethod members area and funded the account But I wasn’t given the software to trade

    Then I wrote to support at GoldenGooseMethod for help many times But GGM support did not give me any reply at all Not even one acknowledgement at all.

    So don’t you agree that GGM is a scam

  229. hi and thank you for replay to my question b4 option fair send me email if i open account with them 200 they will give me 500 credit what do you think let me know please

    • Brokers tend to always offer a bonus but you should keep in mind that it locks your money to a ‘volume of trades’ requirement before you qualify for withdrawal, especially if they’re giving you free money. OptionFair is a great broker so if you are interested to trade with them on the long run, I don’t see a reason to refuse the bonus, but you have to understand this condition. Ask them about the ‘trade volume’ requirement, if it’s less than x20 the deposit amount it’s okay, above x20+ is on the high side and you might want to avoid it. Cheers! Mike

    • Last time I did a little bit of research on RBOptions I found ForexPeacearmy and another site mentioning something about RBOptions using a fake Canada address, it’s like a virtual office, so I would be a little bit hesitant to trade with them because of that. It doesn’t mean that a broker has to be location in a country like Canada to be a legit but either way, using a fake address to cover up a real address is suspicious anyway you look at it. Cheers! Mike

  230. Mike, This website really needs more exposure as its such a dangerous world out there and there aren’t enough people like yourself who want to help people.
    Congratulations and all the best for 2014.

  231. Looks to me the scammer’s found out it is better to promote a broker that they have setup. Now the email marketer sets up a broker for $2.700.00 and send all to this page. Most recent is for software named golden goose method sending you to united option this way keep all the deposit in the broker.

  232. Hello Mike,
    What do you know about the Golden Goose Method. They are using United Options as their broker. Any insight is appreciated. I already got stuck with GlobalTrade365.

    • Hi Suzyn, after your experience with GlobalTrader365, I recommend being extra careful before you signup with a new broker. are not regulated and not recommended on any serious binary options website or forums. Instead of taking a risk, I would recommend going with an EU regulated broker, checkout the list of recommended brokers. I have a feeling this Golden Goose Method is going to be as disappointing as the Automated Trading App, if you end up trying it let me know how it went. Have a nice weekend! Mike

  233. Hi Mike happy new year have you ever heard of i see alot of youtube about it but not sure if its just people wanting you to buy from them? also how about what do you think?

    Thank you Mike

    • Well here is the problem with testimonials…There is a growing online market place for fake testimonials, connecting actors and businesses. Some services use a ‘voice over’ actor for their pitch page. Ask Yourself: ‘how are they getting these people to recommend them?’ The answer is that they use paid actors..If you search for Cedar Finance on YouTube you will understand what I am talking about. I know that Cedar Finance is not the only company hiring actors for these fake testimonials. This is already a red flag, but I know that legitimate companies, not necessarily in the online investment world, are also using paid actors..It’s a common practice, it doesn’t turn the service automatically to a scam. One important question is, which brokers is the signals service promoting? If the broker is a scam, the signals service is a scam. CiTiTrader is not regulated, they are a new company and I personally wouldn’t invest my money with them. If is’s broker I would stay away. If you’re able to get a free or low-cost trial it’s a different story but definitely avoid signing up with an unrecognized broker even if you plan to test out different services. Have a nice weekend!! Mike

  234. Hello, great research on these scammers… pls i’d love a review on a binary options signal indicator platform of the name boss thanks…

    • Thank you for the comment Gabriel. I am not familiar with, I checked it on Alexa and it looks like a new website based on it’s current ranking. At this point you probably won’t find any negative or positive reviews but if you decide to give it a try I will be happy to get some feedback. Cheers! Mike

  235. Hi

    I am contemplating doing some online trading and it has been suggested do go with
    a Canadian company – I would like to know if this is so and if so which one ?

    What has been suggested for me to look for in choosing a company is –
    a company that is well known.
    A company that has good support. Including live chat and an 800 number.
    Honest straightforward
    I would also like if possible a company that has a low “buy in or deposit”

    I would also like to find out a few other things –
    which other international companies are good to go with ?.
    Which areas in a company are the best and easiest for a beginner to start in (e.g. commodities – stocks – currencies or another)

    A company called has been advertising to me and I am wondering if they one of the company’s I could consider. Please send let me know of any thoughts you have on them.

    • Sycamore Options is one of the worst scams! Be extremely careful and don’t invest with them or with their sister company, TraderXP. Both brands are blacklisted on many binary options websites. Checkout the Sycamore Options Review for more information. As for a good strategy for beginners, I just posted a new article on the Fence Trading Strategy for binary options and it’s suitable for all assets. Combining Fence Trading with Bollinger Bands is a very powerful strategy and it’s fairly easy to understand. I also made a section on the blog explaining how to use different indicators free on Meta Trader and FreeStockCharts.

      I included a section on the blog with a list of recommended binary options brokers you can navigate to from the menu. OptionFair is a good choice if you are from Canada, they are fully EU regulated and they offer a very high payout with up to %85 on winning trades and between %10-%15 on losing trades. Checkout the OptionFair Review.

  236. hi thank you for all information i am in Sydney Australia which binary you recommend i am new to all this kind of games look like gambling yes or not anther question credit card is good to use or debit card, with debit card you found as much as you want i think chance to lose is less please let me know , many thanks

    • As long as you register with a reliable broker, I don’t think there’s a big difference between investing with a debit/credit card, in some cases prepaid debit cards don’t go through, the card must read “International or Online use”. I would recommend going with a fully regulated broker. Checkout my list of Binary Options Brokers reviews. On the top of my list I included Topoption and OptionFair, both offer access in Australia and are %100 reliable. OptionFair offers a higher payout with up to %85 on winning trades and between %10-%15 on losing trades. Cheers! Mike

  237. HI MIKE i came to watch a webinar regarding Justin cole’s Binary power system.The cost of the software is nearly 500$ so what is u r opinion about that software.I have an account with 99binary.what is u r opinion regarding 99 binary.Thank u Anoop

    • Hi Anoop, Happy New Year! 99Binary is still a new company, it’s hard to say. They just came out a couple of months ago, at this point I am only seeing good reviews, we’ll see how things unfold in the upcoming months. One thing I never recommend is purchasing a software that’s priced much higher than the average, especially if a free trial is not included. For a binary options software priced at $500 you would expect a free trial for at least a couple of weeks so you can test it out properly and you should also look into the refund policy. On my list of signals services I included different signal services and software all ranging between $5-$200/month. I would also reconsider trading with a completely new broker and instead you should narrow down your search to leading, regulated brokers. It’s the safest way to trade. Cheers! Mike

  238. Can u tell me if is a scam? They have a NYC address listed, but when i signed up on their form, I didnt hear back. Also, on their binary options page, they appear to just link to beeoptions. Is beeoptions a scam?

    • is a blog, I am not sure why they put an address on the site but anyway I don’t see how putting a NYC address gives them more authority. They are exclusively promoting and it’s not a bad company but they’re not located in NYC, I also reviewed and added BeeOptions on my US-Friendly Brokers section. Cheers! Mike

  239. Hi. I want to start in investing in Binary Options. Found this two sites called “My Binary Code” and “My Binary Recoded” are these legit sites?

  240. Hello Mike
    Great site with tons of good information. I am so new to binary options my age can be counted in minutes. What can you tell me about RB Options? Got an email from them and searched your site but found nothing. Thanks for your help.

    • Hello Dan, I don’t recommend signing up with, I did a little bit of research on this company. They advertise a location in Canada, but it turns out that the Toronto address is fake. It’s what they call a ‘virtual office’ address and if you Google this address you will find 100’s of unrelated businesses “operating” from the same address quote on quote… They also received a few complaints, Google ‘RBOptions Review’ and you’ll find a few disturbing reviews on this company. I don’t recommend going with this company. Cheers! Mike

  241. Well I am just like most new to this game. Get a email telling you make a lot of money using some software and you will make $2k to $10k a day. all you need to do is open a account with this broker. After you do that they sell your name to others offering the same thing. AS I see it the list of the bad ones will keep growing faster than you can shoot them down as a scam. it is fast easy money like placing a bet on a table.
    can you make a list of not scam or good brokers and software out there? this will help a lot more for the new to this investment.

    • This page is very discouraging I know, however it’s dedicated to scam software and brokers. I also made a list of reliable, regulated brokers and signals services that I can recommend using. Checkout the reviews for OptionFair or Topoption if you are outside of the US. If you are looking for a reliable signals service try Updown Signals, SignalFeeds or Taurus Signals. I tested all 3 and they generate a profitable ITM. List of Signals

  242. I am new to this investment, I got this in a email.
    In order to use Profit In 60 Seconds, you need to install Meta Trader 4. Please make sure you follow the instructions and install Meta Trader 4 before you start using Profit In 60 Seconds: Did you do that?

    Also, you must fund a new $200 account via our website again with either Bank54, TradeRush, Trader XP, Banc De Binary, Sycamore Options, Vault Options or Redwood. in order to get the software.

    Please try re installing the software. Have you turned off the antivirus and firewall? Are you running the latest updates on your PC such as .NET Framework 4.5. Also, the operating system we recommend is either XP, Vista or Windows 7

    tell me what you think.

  243. I am looking at a signal service but, they require that you be signed with one of three recommended trading platforms. One is one review was great another said they are getting closed down? Very confusing?

    • is not a legit site. I received several complaints already. I am going to review it soon. Any site advertising a success rate of %95 and more is usually not being honest! It’s impossible to consistently get an ITM of over %90. Don’t trust this site. Opteck is also a broker I removed from my list of recommended brokers lately due to their withdrawal issues. I would stay away from both sites. I am curious where you found information on the On Google? Advertisement? Let me know if possible. Cheers! Mike

  244. Mike, only one word for your website: AWESOME!!

    I have signed up with Redwood Options, any news on them?

    I have also tried Profit in 60 seconds. I don’t think they are a scam but the signals are not very good, with a winning rate of 30% to 50%. At one time I experienced a continuous loss of 7 trades, even when selecting those signals with over 90% probability!

    • Thank you for the kind feedback! Redwood Options is not bad, they are a DBA company for TradeRush, it’s just a different brand but the same people. I never hear anything bad about RedWood Options, and TradeRush has been around for a while. I am not expecting any issues with this brand but definitely keep us updated with your experience. Have a great week! Mike

  245. I have tried the PI60 and although I am not making that much money, I feel the signals are good. I was taking the signals of 90% call/put and I was making 6 out of 10 trades, the other 4 were 2 tied and 2 lost. But when I touch the 80-84%, i failed 5 out of 5. For the 85% signals I was 5-5. Honestly I am a sucker for these type of programs but the signals are good but must be aware of the market lines so sometimes I just watch. I have checked out the daily videos, the only thing I found odd was at the start, where Storm was explaining that he was about to start, the trade has been sitting there for at least 30 seconds and he still won the trade so I was like “huh, how did he win?” because that was the trade that I lost! I looked at the time and it was almost at the time that I lost the trade. They usually did the videos at around 1.30-3pm each time. I dunno really but the signals are pretty darn accurate at times. Just the broker I don’t like. I used the PI60 in other brokers and it work just as well. My 2 cents worth. 

  246. Hi Mike,

    Have you heard about binary option registered in British Isles. Am about to join them any information about them please?

    • Hello Rashid, Markets World are registered in the BVI, it’s a common place for web-based businesses to register because it’s a ‘tax free haven’ where they can incorporate and pay low taxes but they’re not physically located in BVI. Markets World is a very amateur platform, they offer only around 20 underlying assets, very low maximum trade amount and they are not getting the best reviews.

  247. hello mike, I’m Umi from Malaysia.I’m interested in binary option and I would like to try. Any suggestion for a fresher?.. thanx

    • Hi Umi, I would recommend going with an EU regulated broker. From Malaysia you are not restricted by any broker from gaining access. OptionFair, Anyoption and Topoption are considered the top 3 for non US traders. OptionFair offers the highest payout with %10-%15 on losing trades and up to %85 on winning trades. Checkout the OptionFair Review on Youtube and I also included reviews for each broker on the side menu. Cheers! Mike

    • Hi Jessica, Nadex is not bad at all and they offer access in the US and they are regulated. The main problem I have with Nadex is that they charge commissions on every trade. The platform is also not very user-friendly in comparison to other binary options platforms.

  248. hi mike
    request for the 1 month trial 9.90
    only if you register to brokers banc de swiss,trader xp and ioption.
    if i remember good the banc de swiss is spam. why they propose this broker?
    suspect? what you say for the others two?


    • Hi there Greta, I wouldn’t recommend registering with any of the affiliated brokers, unfortunately TraderXP Banc De Swiss are scams, while iOption recently announced bankruptcy, I am surprised they are still listing iOption on I would signup with a reliable broker and register on a paid membership instead. As for I don’t have anything bad to say about this service. I am not familiar with their performance so keep me posted if you decide to give them a try. Cheers! Mike

  249. Hi Mike, at first sorry for my late reply ); ….
    Thanks for enquiring about the taurustrading broker.
    Personally i am not fully convinced about their custom service, and probably
    this broker has been out there not so long for find any negative or positive reviews.
    After reading your responce i think that i will follow your advice, sign up and dep with
    a trusted broker and keep practicing on the taurustrading platform.
    Thank you for all, your work and efforts, your advices are important for many of us here,
    specially for beginners ” like me ” (:

    wishing you a good weekend i give you ” virtually ” a kiss !!


  250. Hi Mike,

    Thank you so much for the comments and for the warnings you are sending out about banc 54. I wished there were many of you out there.
    Please continue with the good work and surely you will be blessed for all the efforts some day.

  251. Thank you for alert me with your information, i received a email video and sign a account with this broker when i will make a deposit i go to google page and read your information.
    Best Regards

  252. Thank you for telling it like it is; I am new to binary options and I really want to avoid as many scams as possible. Your post will save me some time and money in the end.

    • Thank you for stopping by! It’s important to background check companies in advance and I am happy for you that you are doing the proper research before committing to a company! Cheers! Mike

  253. Hey,
    What do you think of this BROKER
    I can not find any review.
    If I deposit 500$, I got the training for free that usually costs 1995$ of this system.

    • Hello Maxus, I just checked out FoxWood Options for you on it looks like they are a brand new company! I wouldn’t deposit with them if there is no way to verify their track record. As a new company there’s a high likelihood that they are not regulated. It’s also the first time I am hearing about Champion Trader. Over all I can’t recommend this combination. There are signals services out there that will offer you a free trial membership if you register with a legitimate broker, at least if the signals turn out a disappointment, you know that the broker is legitimate and you can continue trading without the signals service. Checkout the updated list of binary options signals services, I know that works in collaboration with reliable brokers and they offer the same ‘free trial’ type deal. Cheers! Mike

  254. I placed one winning trade with USD/JPY via SPOTFN platform last week when it peaked at night. The amount invested is $1000, got $750 profit on it. After waking up next morning to check it out, disappeared. No where to find it. I have heard of some firms manipulating data. Never think of happening on me so fast, so soon.

  255. hi mike
    i newbie and i want ask you
    your opinion for signal:
    Profit Binary – Risk Free Binary Options Trade Alerts
    is good?


    • Hi there, I am not familiar with Profit Binary’s results. I am just having a hard time understanding what they mean by “%120 Profit every 10 trades” since it can mean so many different things, therefore it’s subject to different interpretations. Checkout the list of popular signals services in the menu. I can recommend both Updown Signals and Signal Feeds, both keep a very high performance. Signals and Auto Traders

  256. Hi Mike, at first a great thank for your amazing advices.
    I am aware that lots of brokers are scam ” out there ” …
    I am completely new to this ” World wide web Online Trading ” (:, I followed
    your advices about trusted Brokers that operate in Europe and US …

    Surfing around for find a Broker that gives you full free demo for trade and practice
    without any deposit first, I reached this Broker :

    Until now (2 months of demo practicing) I have been doing very well. They have a good
    graphic presentation, simple and easy understanding …
    I can’t find much about this broker on internet … if it’s trustable (scam) or not …
    there ain’t any phone number on their site .. contacts are only through chat or e-mail ….

    Now my question to you is :

    I would like to start (very min deposit) with them since i got used studing their graphics…
    have a quick look at this site and if you have chance to reply me tell me your impressions …

    Please let me know, thanks a lot.
    Enjoy your weekend ! Lilian

    • Hi Lilian, thank you for the comment. First of all, Taurus Trading seems like a nice looking website I love the design. I didn’t like the fake awards listed at the top and on the bottom right, some brokers actually receive real awards from big forums and financial portals, DailyForex and FXEmpire give out these awards to brokers with lot’s of positive ratings but the TaurusTrading awards are fake. The 2nd thing that bothers me is regarding the Live Chat feature and direct Toll-Free #’s are not available, which indicates they might not have customer service department, could be a one man operation for all you know. I couldn’t find any negative reviews but they are also not listed on any recognized binary options site, portal of forum. On they seem to have a relatively low traffic ranking, indicating they don’t receive many visitors in comparison with leading brokers.

      They do offer a free demo so I don’t see a reason why practicing on their platform wouldn’t benefit you, but if you plan to deposit $100+ I would recommend prioritizing quality and reliability which can only be measured and confirmed with brokers who’ve been around for a while and either have a great track record or a poor one but at least it’s something you can measure. If you are concerned with the minimum deposit requirement, Topoption and Empire Option will let you start with $100. Checkout the reviews located on the right side-bar for more information. They do not offer a demo though, so once you are ready to start I would recommend checking out these brands. Empire Option is very big in South America, while Topoption is not availble in the US or Canada but they are available world-wide and they are the 1st EU regulated broker.

      Have a great weekend! Mike

  257. Thanks for providing this list! As a newbie to binary options I have little to no understanding of what is involved and would have possibly signed up to any of these companies without knowing any better. Hopefully now I can make a better decision as to which binary options trader I decide to go with, and not get scammed like so many have in the past.

  258. I never thought that those companies are black-lists and scams. Its good thing that I was able to see this post after it’s too late. I’m planning to signup with EZ Binary this coming week and this post saved me from future losses. It’s really hard to identify fraudulent companies at the start because they offer great features and attractive promises. Reviews from expert traders can surely help beginners and be guided where they can invest their money without becoming a scam victim.

    • Hello Ramon, yes unfortunately when it comes to any type of ‘money making sites’ including Forex and Binary Options which fall under the category of ‘online trading’, there are tons of scam sites out there. They know there are people with money looking to invest it, so these scam artists attempt to grab a piece of the pie out of every industry they can. It’s really important to research before and not after you deposit your money with a company, and I am glad you are one of the people who decided to research “before”! I get tons of emails and comments from traders who are not as fortunate and deposited their money with scam sites.

      If you are interested in Binary Options, make sure to register with a fully regulated broker and one with ZERO negative reviews online! This is the only way to stay safe!

  259. Hi Tony,

    Yes Mike is right. Either try out GOptions or RBOptions which accepts clients from the USA and Canada.

    And by the way, please avoid those automated Binary Robots that have been popping up left and right. None of them are as accurate as they claim, and I wouldn’t trust them with my money!

    You are much better off just using indicators and analysis tools found in charting software like MetaTrader 4/5,, NinjaTrader, etc. and generating your own Entry signals.

    Two other good brokers who do accept U.S./Canadian clients {who utilize the TechFinancials software similar to 24Option and OptionFair on their platform} are listed below that you might want to check out:

    1. Binary International
    2. Bell Options

  260. Hi Michael,

    What would you say is the best Binary Options Broker for Canadians as it seems TopOptions is not available or possibly GOptions.

    By the way, have you heard or have any comments on this automated software called ‘Profit in 60 Seconds’.

    Would appreciate your responses and advice. And again, thanks for noting all the SCAMMY Binary Brokers; you likely saved me a bundle.

    Cheers! Tony

  261. Have you heard of BinaryOptionsFree? Just came across my email. They promote Expert Trade Alerts
    I was able to download a MAC Meta4 platform, but the source does not offer trades to the USA.
    Who do you recommend for a Binary Demo account? Thanks

  262. Hi Mike,

    great website! Thank you for the ‘heads up’ regarding these scams. I am interested to register with a reliable broker so I will make sure to do a little bit more research before I jump into it.

    All the best!


  263. Hi Michael thank you for your advice on ABS and Optionbot2.0
    I believe Optionbot2.0 is an excellent autotrading product for binary options currency trading.What is your opinion on a pair trading software that works with recommended broker Stockpair. I would appreciate if you could review this software for everyone.Manythanks

    • Hi Kathryn, it is the 1st time I am hearing about, the do have a high ranking on in terms of traffic indicating they are popular. I am hearing from many traders that pair trading is working well for them. It might be worth trying out, $37 is a competitive price for a service. If you end up registering with let me now how it goes. Cheers! Mike

  264. Really appreciate this. I’m new to this world and it’s hard to find a trust worthy broker to deal with.
    I saw some of your videos, thank for posting that. With some of these scammers out there, I feel like I’d be better off investing my money into lottery tickets then I would with a shady broker.

  265. Hi Michael, WOW! a great thanks for your amazing site.I guess it save a lot of people from scam brokers including me I was at the point to click on 5K from my CC to GlobalTrader365. offered by Bryan Miller, AUTOMATED APP SOFTWARE it was to god to be true and start searching find Your “option s channel” Anybody reading this bee aware, were you click with your money!Thank YOU again it’s great to have people like you out there. And I have a Q: I never trade and I’m looking for like 5-6 hundreds extra income/mo what is your advice for safer approach of this B.O.? to start with a signal service? How about fool automated service? and same time can I learn it? Thank You! Carol

    • Hi Carol, I am really happy to hear you got saved by the bell. The Global Trader 365 Review received 100+ comments at this point from traders who weren’t as fortunate. I am glad to know that the review is ranked high enough on Google so if people Google search the company, they can easily save themselves from a nightmarish experience with this fake site.
      There are 150+ binary options sites at this point but only a handful of fully EU regulated companies including Topoption and Anyoption.
      Topoption VS Anyoption Review on Youtube

      In terms of trading, I recommend learning how to trade using a strategy, focusing on one of two assets and getting familiar with both technical and fundamental analysis. In the menu of the site you will find two strategy guides I created ‘Binary Options Survival Guide’ and ‘Candle Sticks Charts Guide’.

      Finding a reliable signals service is not easy and you have to rely of references and positive reviews, as you already know from your own experience that many of these services are affiliated with scam brokers. In many cases the services offer an unrealistic success rate of ‘%90+’ such as with Profitsin60seconds which I reviewed on my Youtube Channel and the video became viral after receiving tons of comments from disappointed traders.

      Two services I can recommend are Signal Feeds and Up Down Signals, both listed in the ‘Binary Options Signals’ section. Signal Feeds offers a free trial, though you have to register with one of their recommended brokers using the links on their site, and Up Down Signals offers a $5 trial membership.

      Anyway, checkout my Youtube Channel for more information on Binary Options and don’t hesitate to email me at if you have any other questions. Cheers! Mike

  266. Michael Do you know of -ABS Auto binary signals software by roger pierce and what is your review of ABS software.I am wanting to hear from any members who are using the ABS signal software and any members using rogers pro trading autotrade service. I would like to know whether ABS is a scam or legitimate and if it is legitimate, is rogers autotrade pro trading service a profitable binary option signal service to join.kind regards

    • Hello Kathryn, It’s not a scam and they are pretty good. The Option Bot 2 is the most popular Auto Trader right now and I listed it on the Binary Signals Page. It’s not the cheapest but they’ll get you at least %70 ITM. It’s a professional service, they also offer live support during business hours. Cheers! Mike

  267. what can say about binary option softwares like “milliondollarinsider” “home-earners-kit” and “”

    • Hi Stella, I don’t know the service but I have a few things to say about this. There’s a name for this type of a scam. It’s called a “phishing scam”. The entire purpose of the page is to get your email, so they can legally spam you with emails in the future and re-distribute your email to other spammers, by giving out your email you are legally considered an Opted-In User, and based on Google spam policies, they can legally send you emails. Second thing, the actor in the video claims that this strategy is absolutely free, after a little bit of research all 3 sites you mentioned including are paying for ads by Google, so you have to wonder why would someone offer you some miracle strategy for free while they’re paying to get their website seen by the public…The funny part about this video is that the guy says that he is not going to teach you about all kinds of affiliate marketing and webmaster type stuff that “doesn’t work and hard to learn”, while this is basically what the guy is doing. He is not telling you the true secret of how he makes money, which is basically from phishing for emails and getting selling you products via spam email campaigns.If he plan to teach you about “Email Phishing” than that’s a different story, but he won’t and you should attempt to learn these things.

      There are only a handful of reliable binary options signals providers, but many of the pitch pages that you are finding are pure marketing pitch pages used for phishing scams.

      Legitimate binary options signals services will charge you for the service, there’s no way to get a product with some added value without paying a dollar.

  268. I think Opteck is a scam too. Now 2 monts ago I tried to withdraw an ammount of almost 400 euro’s, because I want to stop trading b.o.
    They tell me, I first have to talk to their manager, which I always refused, because I don’t think that’s interesting. They refuse to return the money, so I see them as a big scam.
    Beware: Opteck is a scam.

  269. Hello Michael,
    at first a great thank for your amazing advices.I guess it bewares a lot of people from scam brokers. Now my question to you is:
    Can I purchase a real working full automated software to trade successful Binary Options? How can I learn the Binary Options trading method? I dont want run in a financial desaster.
    Please let me know, thanks a lot.

    • Hello Wolfi, thank you for the awesome feedback! One service that I personally follow and can recommend is it’s not an automated service and you will receive SMS and Email Alers, however if you are looking for a reliable Auto Trader, he most popular one is the Option Bot 2, it’s expensive though, either way it’s receiving great feedback and they offer live support. It’s probably the only legit Auto Trader around. Checkout the complete list of signals services on my blog. Auto Traders and Signals

  270. Cedar Finance are a scam. They encouraged me to increase my deposit to $1000 with this sexy voiced female marketer and told me I would get personal training plus a bonus of $500 Without warning me that if I took the bonus then They would not only lock the bonus but MY $1000 as well and I could not withdraw. I believe this is robbery and illegal.

  271. hi…i am from indonesia..and newbie in binary option,..would u give me recomand ,about broker for my safety trade..tks

  272. I have been had by GlobalTrader365. Now, I am in pains to get my withdrawal request honored. One thing is very unusual…. in their investment summary, there is no row that shows what you actually won in a trade. Neither do they show what you lost. Everything seem to be assigned to bonuses.

    • Hello GP, the binary options industry is only a 4 years old at this point, many of the new brands were established in 2012-2013. Topoption is powered by which has been around for around 10 years, and they are fully regulated, in fact, Topoption is the 1st Fully Regulated binary options broker and being an exclusive brand you can definitely trust them. Checkout the Topoption Review.

  273. I just saw some of your videos. I wish I had found them before I started only two weeks ago. I was referred to Global Trader 365. I started with 2K and they matched it with 2k. I was up to 10k and now it is disappearing. I would like to get started with someone you trust and slowly recover my money from 365. Can you help me?

  274. Here Lanwang and Cornshaft, I added UKoptions on my blacklist so you can leave me alone. Both of you posted comments from the same IP by the way and none of you emailed me with any evidence to support your claims as of yet. My email is If you can’t provide me with evidence I will remove UKoptions from the blacklist within 48 hours.