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 [email protected] for the complete list of scams or if you would like to report a scam broker not listed on this page.


Amber Options, Sycamore Options, EZ Binary, XB24, Safe24Options, TraderXP, Banc De Swiss, OptionsXO, Vault Options, Royal De Bank, Golden Binary, OptionMaker, OptioNow, Tiger Options, VIPBinary, Option Trader, Global Trader 365, Option Area, NY Stock Options and Trader’s Room.

& Avoid the following signals services!

Binary Matrix Pro, Hercules Profit Pro, The Covert Society, Oz Robot, Golden Goose Method, Insured Profits, Tokyo Bot, Wealthy Trader, Legal Insider Bot, Millionaires Club, Safe Trader App, The $100K Club, The 1 Percent Club, Daily Binary Profits v7, Binary Chaos and Commodity Robot.


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 [email protected] 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 [email protected] Mike

385 Responses to “Black-List & Scams”

  1. Mike Marinelli Says:

    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?

  2. Michael Freeman Says:

    Hi there! There is a little bit of an issue with Global Trader 365. I received tons of complaints via email on this company and one of my Youtube Subscribers wrote an article on this company which eventually got people to start commenting on their experience with this company. I have to warn you that you are not going to like what you see. Check it out and if you need help with anything don’t hesitate to email me at [email protected]

  3. Bjorn Says:

    Notify me of new posts via email.

  4. Michael Freeman Says:

    Danke für den Kommentar. Abonnieren Sie den Blog! :)

    (Google Translate)

  5. max Says:

    How is cedar finance? Any problem with them?

  6. G. P. Wadia Says:

    Can u give a list of binary brokers who are atleast 10 years old and have a good track record pl ?

  7. Michael Freeman Says:

    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. Keep in mind that Topoption is not available in Canada or US so if you are trading from the US checkout the list of US Binary Options Brokers. There are over 100 companies at this point but make sure you don’t register with a black-listed company. If you have any question about a specific company let me know. Cheers! Mike

  8. Adam Vanderbur Says:

    what about Sycamore options I have not been able to find any info on them

  9. Michael Freeman Says:

    It’s hard to tell if it’s a scam because it’s a brand new company, also based on traffic comparison it looks like they just recently started operating.

  10. Paul Says:

    Hey… good work!
    Was considering NY Stock Options… what’s the beef with them?


  11. Michael Freeman Says:

    Thank you Paul, NYStockOptions is a scam broker. Check them out on the ScamBook website. Cheers! Mike

  12. Romie Says:

    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.

  13. Ferry Says:

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

  14. Jeffri Abdullah Says:

    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.

  15. Michael Freeman Says:

    Hello Ferry, I can recommend Topoption or GOptions. Topoption is fully EU regulated and they have a very good track record. I believe they are available in Indonesia. GOptions is available as well and I trade with them, they offer same-day withdrawals. Checkout the reviews on GOptions and TTopoption. A few days ago I interviews Lee More, the CEO of GOptions, and posted the article in the blog section, if you are considering to work with them, I recommend checkout out the interview. Enjoy your weekend! Mike

  16. Wolfi Says:

    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.

  17. Michael Freeman Says:

    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

  18. Justa Jenkins Says:

    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.

  19. stella Says:

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

  20. Michael Freeman Says:

    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.

  21. kathryn Says:

    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

  22. Michael Freeman Says:

    Hello Kathryn, I don’t think it’s a scam however I am hearing they generate a low success rate %55-%65 which is around break-even so it’s not really going to get you anywhere. 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

  23. carol (Male) Says:

    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

  24. Michael Freeman Says:

    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. They are not available in the US, but if you are in the US, you can checkout my list of US Binary Options Brokers. GOptions is a popular US broker right now, they are not fully regulated but they are a safe broker offering same-day withdrawals, no questions asked.
    Topoption VS Anyoption Review on Youtube – GOptions 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 [email protected] if you have any other questions. Cheers! Mike

  25. MikeyD Says:

    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.

  26. kathryn Says:

    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

  27. Michael Freeman Says:

    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

  28. ambra Says:

    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!


  29. suzyn Says:

    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

  30. Michael Freeman Says:

    It’s the first time I hear about BinaryoptionsFree, I know that some of the US brokers offer a demo, however they usually require funding an account before they give you access to the demo. GOptions offers a demo and you can contact support after registering and request the demo. An alternative to a demo would be to simply ‘paper trade’ using live charts. Set the expiry of the chart to 30 minutes or 60 minutes and trade on paper, then once you reach a high enough ITM rate you can start trading live. Cheers! Mike

  31. Tony Says:

    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

  32. Michael Freeman Says:

    Hello Tony,

    Thank you for leaving a comment! Yes Topoption is not available in Canada unfortunately but GOptions is available. If you are from Canada you can also checkout the US recommended brokers section on my blog, all US brokers accept Canadian Traders. US & Canada Brokers List

    I am happy you contacted me regarding I am actually familiar with this service. I reviewed it in a video and posted it on my channel, checkout the comments below the video. It appears that not many people are happy with the results. Profit In 60 Seconds Review by Mike

    Let me know if you have any other questions Tony and have a nice weekend! Mike

  33. Gerald Says:

    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

  34. Tony Says:

    Thanks Gerald!

  35. Ramon Says:

    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.

  36. Michael Freeman Says:

    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!

  37. David B. Says:

    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.

  38. Lilian Says:

    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

  39. Michael Freeman Says:

    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 available in the US and 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

  40. greta15 Says:

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


  41. David Says:

    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.

  42. Michael Freeman Says:

    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

  43. Maxus Says:

    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.

  44. Michael Freeman Says:

    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

  45. efpierce Says:

    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.

  46. Michael Freeman Says:

    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

  47. Jose Constantino Says:

    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

  48. George Anamolga Says:

    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.

  49. Lilian Says:

    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 !!


  50. greta15 Says:

    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?


  51. Michael Freeman Says:

    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

  52. Jessica Says:

    Hi Michael,
    I am new. What do you think about NADEX?

  53. Michael Freeman Says:

    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.

  54. umi kalthum Says:

    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

  55. Michael Freeman Says:

    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

  56. umi kalthum Says:

    ok.. thanks a lot mike..

  57. Rasheed Says:

    Hi Mike,

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

  58. Michael Freeman Says:

    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. It might be good for practice because of the demo, but if you are looking for a low minimum deposit and a demo, I would recommend checking out PowerOption, they are powered by AVAtrade which is a serious company and they’re regulated. PowerOption offers a much better platform in comparison to, checkout the Poweroption Review.

  59. Kenneth Leow Says:

    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. 

  60. Johnny Says:

    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!

  61. Michael Freeman Says:

    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

  62. Almin vallesteros Says:

    hello just want to ask if the is scam or not….tnx

  63. Michael Freeman Says: 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

  64. Mike Says:

    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?

  65. randy ford Says:

    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.

  66. Michael Freeman Says:

    It could be an outdated signals service. Last thing you want to do is register with iOption, they are no longer in operation even though the website is still up.

  67. randy ford Says:

    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.

  68. Michael Freeman Says:

    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 a US resident checkout my list of US friendly brokers. 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 SignalsUS Friendly Brokers

  69. Dan Says:

    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.

  70. Al Says:

    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?

  71. Michael Freeman Says:

    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

  72. Michael Freeman Says:

    I added ‘Binary Recoded’ on my latest article titled ‘5 Most Ridiculous Binary Options Videos‘, check it out! I’ll be happy to recommend a few legit signals services if you are interested, my email is [email protected] Have a nice weekend! Mike

  73. ducy Says:

    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?

  74. Michael Freeman Says: 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

  75. Anoop Says:

    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

  76. Michael Freeman Says:

    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

  77. safa Says:

    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

  78. Craig Says:


    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.

  79. Michael Freeman Says:

    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

  80. Gabriel Says:

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

  81. Michael Freeman Says:

    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

  82. Michael Freeman Says:

    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.

  83. Angela Says:

    Happy New Year!
    Mike, thank you for this wonderful website.

  84. mike Says:

    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

  85. Michael Freeman Says:

    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

  86. Suzyn Says:

    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.

  87. Michael Freeman Says:

    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

  88. Rany Says:

    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.

  89. Kieran Says:

    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.

  90. Axel Says:

    Hi Mike,
    Do you know anything about RBoptions? Are they ok=

    kind regards Axel

  91. Michael Freeman Says:

    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

  92. safa Says:

    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

  93. Michael Freeman Says:

    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

  94. foo Says:

    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

  95. Michael Freeman Says:

    Thank you for the feedback, I received a few emails just this week, from traders who reported the same negative feedback on the GoldenGooseMethod. Thanks for sharing your experience.

  96. Mike Marinelli Says:

    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!

  97. Bryan Says:

    what do you think about BFMMarket ??
    I’m trading with them for now I think they are good…

  98. Michael Freeman Says:

    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.

  99. Dora Says:

    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..



  100. Michael Freeman Says:

    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

  101. Anthony Says:

    Hi Mike, just wanted to know if any good news with Bell Options. Thanks.

  102. Michael Freeman Says:

    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

  103. Joe Miller Says:

    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!

  104. Barri Says:

    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

  105. Justin Says:

    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.

  106. sai Says:

    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.

  107. Daniel Says:

    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?

  108. Michael Freeman Says:

    Hi Daniel, the best way to trade safe is to go with one of the EU regulated brokers. CapitalOption, TopOption, OptionFair and PowerOption are fully EU regulated and have a very positive reputation. Checkout the Broker Reviews section for more details. I also posted a video on YouTube on Taxes and Withdrawals I recommend watching! Let me know if you have any questions, you can also email me at [email protected] Cheers! Mike

  109. P Nicholson Says:

    Hi I have not been able to open a WebPage for GlobalTrader365 for several days!!! Have they closed down?

  110. Michael Freeman Says:

    It could be the case! I received several emails from traders who weren’t able to access the site. That’s good news!

  111. Karin Says:

    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!

  112. John Says:

    I am just looking for any are there any satisfied customers with banc de binary.

  113. Fronn Says:

    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=)

  114. Michael Freeman Says:

    Hi there, from what I remember most brokers are available in Malaysia. Checkout Topoption, OptionFair and TitanTrade all are available in Malaysia and have a good reputation – Binary Options Brokers

  115. jordy Says:


    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

  116. Michael Freeman Says:

    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

  117. marcio Says:

    Hello mike ,theres any software that give signals in real time thats works or all scam?did you recomend anyone?thanks

  118. Michael Freeman Says:

    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

  119. foo Says:

    Hi Michael Freeman

    Do you know anything about Vault Options

    Please let me know

  120. Michael Freeman Says:

    Blacklisted on a verity of sites including ForexPeaceArmy, ScamBook and the BBB! Not Recommended at all!

  121. foo Says:

    Thanks for a very swift reply Michael Freeman

    Reason for asking: 44DayMillionaire – VaultOptions

  122. Paul Says:

    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

  123. Michael Freeman Says:

    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

  124. Max Says:


    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?

  125. Belinda Says:

    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.

  126. jack Says:

    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!!!!

  127. yasi Says:

    please any body have exprience with Bell Option

  128. Colby Says:

    What sites can you recommend for a new trader from Canada?

  129. Michael Freeman Says:

    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

  130. Astrid Says:

    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 :D

  131. Michael Freeman Says:

    Hi Astrid, Thank you for the nice feedback. Topoption is a safe choice! They exceed the popularity of many brokers and for the right reasons. Don’t hesitate to email me with any questions, I am available at [email protected] Cheers! Mike

  132. Brad Says:

    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

  133. Michael Freeman Says:

    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!

  134. Brendan Says:

    I am considering join goptions. Are they still all good?

  135. Michael Freeman Says:

    They are one of the best choices for US traders! I can recommend both TitanTrade and GOptions. Checkout the list of US Binary Options Brokers. GOptions offers same-day withdrawals and TitanTrade is one of the fastest websites in terms of loading time. Cheers! Mike

  136. Brendan Says:

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

  137. Brendan Says:

    What is your personal top 3 brokers overall?

  138. Michael Freeman Says:

    Hi Brendan, In terms of reputation I would say Topoption, OptionFair and TitanTrade are the best choices! Capitaloption is another great choice, they recently acquired full EU regulations. I reviewed each broker individually, checkout the Binary options Brokers review page or if you have any specific questions you can also email me directly at [email protected]

  139. TONY Says:

    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.

  140. Michael Freeman Says:

    I’ve yet to try using one broker account based on many recommendations, 3-5 brokers should be more than enough to generate a %75+ accuracy rate with the Option Bot. Checkout my latest review on the OptionBot recommended brokers. Cheers! Mike

  141. Peter Says:

    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?

  142. Michael Freeman Says:

    I really don’t recommend AmberOptions, I mentioned them in the following article – finding a reliable broker

  143. Anthony Says:

    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

  144. ehsan Says:

    what is the best one in AUSTRALIA ?
    many thanks

  145. Michael Freeman Says:

    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

  146. JustStartingOut Says:

    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.

  147. Michael Freeman Says:

    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

  148. tommy Says:

    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.



  149. Don Hardy Says:

    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.

  150. Michael Freeman Says:

    Binary Matrix Pro is a scam. Checkout the latest review I posted on YouTube – BinaryMatrixPro Review If you are looking for a reliable service checkout iFollow Signals or my complete list of binary options signals. Cheers! Mike

  151. Kiran Says:

    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.

  152. Mark Says:

    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.

  153. donald Says:

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

  154. Michael Freeman Says:

    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

  155. tommy Says:


    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.



  156. Kiran Says:

    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.


  157. Mike Says:

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

  158. Michael Freeman Says:

    Thank you for the nice feedback! I tend to think they are a scam, checkout the review on

  159. tommy Says:


    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.


  160. Wolfi Says:

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

    Best Regards

  161. AJJ Says:

    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.

  162. kiran Says:

    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……………

  163. lalita Says:

    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.

  164. Michael Freeman Says:

    Topoption is at the top of my list, they have all the credentials and most of all, a clean reputation! Checkout my Topoption Review Thank you for the nice feedback! :) Mike

  165. Don Says:

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

  166. Michael Freeman Says:

    For US traders I recommend TitanTrade. I listed them at the top of my US friendly brokers page.

  167. tommy Says:

    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!


  168. gary Says:

    have you heard of binary matrix pro are they any good

  169. Michael Freeman Says:

    Hi Gary, BMP is a horrible choice. Checkout this article on Binary Matrix Pro and I also uploaded a video on my channel concerning BMP. Cheers! Mike

  170. Alvin Says:

    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 ?

  171. Michael Freeman Says:

    Hi Alvin, is not bad but if you are looking for a reliable broker with access in Malaysia I would recommend Topoption, they also offer a $100 minimum deposit. Checkout the Topoption Review! Cheers! Mike

  172. jaffer Says:

    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


    Hi, IOPTION took me for a lot of money and cant seem to find them anymore. Can anybody help?

  174. Michael Freeman Says:

    Hi Ruben, maybe you can email me with all the details so I can better understand your situation. It’s [email protected] Cheers! Mike

  175. Mike Magnanti Says:

    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

  176. kris Says:

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

  177. mike Says:

    Hi Michael,
    I am in USA what do you think about PLATINUM TRADER any good info about this broker?

  178. Manav Says:


    I just wanna know about Rogers
    It good for binary options

  179. Michael Freeman Says:

    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

  180. Michael Freeman Says:

    Hi Kris, there are a handful of good brokers. The most popular one right now is Topoption, they also offer a $100 minimum. Checkout the Review Cheers! Mike

  181. Michael Freeman Says:

    Hi there, well Platinum Trader is available in the US. Haven’t heard anything negative and I know they are listed with the Option Bot. I just posted an update on this topic: Option Bot 1 VS Option Bot 2 . Here is a list of US Binary Options Brokers you can checkout. One of the brokers I usually recommend for US traders is TiTanTrade. Cheers! Mike

  182. alex Says:

    hello just i want know fs iqoption is truthful or scam?

  183. Michael Freeman Says:

    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.

  184. Lindsay Says:

    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!

  185. Daniel Vong Says:

    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~~~

  186. Michael Freeman Says:

    Hi Daniel, Topoption is an excellent choice. Avoid taking bonuses irregardless of which broker you work with, there’s always a catch. Email me at [email protected] and I’ll send you over some links to some good strategies and resources for binary options. Cheers! Mike

  187. jt Says:

    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

  188. Michael Freeman Says:

    Hi JT, I agree with you on this one. Checkout this honest German Binary Robot Review! This is definitely not a legitimate service, they are connected to BinaryMatrixPro which is another similar scam site. Let me know if you have any questions! Cheers! Mike

  189. jt Says:

    Thanks Michael, That is a good review

  190. simran Says:

    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!

  191. Michael Freeman Says:

    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

  192. Lindsay Says:

    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?

  193. Michael Freeman Says:

    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

  194. SC Says:

    Hi Michael,

    Please advise if BTC Robot is a good company to do bitcon trading.

    Thanks for your guidance.


  195. Michael Freeman Says:

    Hi SC, checkout the video I posted on YouTube a few months ago BTC Robot Review . In short, I don’t recommend using this software.

    Cheers! Mike

  196. Wolfi Says:

    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.


  197. Michael Freeman Says:

    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

  198. Duncan F Says:

    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.



  199. Michael Freeman Says:

    Hi Duncan, I actually just uploaded a new video on the Wealthy Trader 3 hours ago, check it out on YouTube. Wealthy Trader Review Cheers! Mike

  200. Arnie Vee Says:

    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.

  201. amgone Says:

    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 –


  202. Claude Says:

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

  203. Michael Freeman Says:

    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 [email protected] 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

  204. Annie Says:

    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.

  205. Michael Freeman Says:

    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

  206. larry finney Says:

    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

  207. James D Says:

    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.

  208. Becky Says:

    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

  209. Michael Freeman Says:

    Hi Becky, Binary Matrix Pro is really not recommended I reviewed it on YouTube and received many negative comments and you can also checkout this review Binary Matrix Pro Review . I am guessing you are looking for a reliable autopilot software, the best one is the AQI software and it’s listed on my binary options signals page. I recommend checking it out. Cheers! Mike

  210. KennethLeow Says:

    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?

  211. Michael Freeman Says:

    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

  212. KennethLeow Says:

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

  213. Sayang Says:

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

  214. Michael Freeman Says:

    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

  215. JM Says:

    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!

  216. Michael Freeman Says:

    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

  217. Terri Says:

    DO NOT invest your hard earned money with OPTION MINT Binary Broker in Toronto, Canada. You Will