How Do Scam Brokers Operate and How to Identify Them

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How Do Scam Brokers Operate and How to Identify Them

Posted on July 20, 2014 by John Thiel

The binary options industry is changing rapidly and becoming more regulated and professional. However, there are still some brokers who manage to slip through the cracks and operate a scam business designed to be short-term profit maker based on defrauding traders and stealing their money. How To Identify These Brokers: Seek Regulated Brokers: An officially accredited broker would risk losing their license. An official CySec license for example costs around 200,000 Euros, and also includes various ongoing fees. Too many complaints will get the broker sanctioned, and ultimately they will have their license revoked without the ability to get their …

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Why Are People Complaining About Binary Options Scams

Posted on June 25, 2014 by John Thiel

The complaints below are just a few of many emails I have received from traders that have already invested their money through signal software providers such as the German Binary Robot, Binary Matrix Pro, and Profit in 60 Seconds. Richie C: Hey John, I am hoping to get involved with you and your site but I am very wary because I’ve been burnt by signal systems before and I’ve lost my job so I really need to make a wage and keep my home, can your strategies help me out of the hole I find myself in. An honest opinion …

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A Comprehensive Review and Investigation of Scam Binary Options Brokers Accepting Paypal Deposits and Withdrawals 2014

Posted on February 7, 2014 by John Thiel

Paypal is by far the most recognized E-wallet in the world and probably the most popular form of payment among binary options traders wanting to deposit money and fund their trading account. So it comes as no surprise that many scam brokers like Empire Options claim they offer this funding methods to attract traders, however in reality they offer the standard credit card solution such as Visa, Amex, and Mastercard. Why is Paypal Not Being Offered By Most Brokers? Primarily it has to do with regulation and legal interpretations which create technical constraints. Paypal is a stickler when it comes …

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247Binary Review

Posted on October 3, 2013 by John Thiel

247Binary is a refreshingly new Spotoption-powered binary options broker offering payouts of up to 85% on digital options as well as 30, 60, and 120 second options. Registration: The signup process was very simple. Much like other brokers that are powered by Spotoption, this one offers a simple registration form with only 5 fields to fill out. When that’s finished you are immediately directed to the cashier section of the software where you have the option of investing as much or as little as you wish. Security: The platform is completely safe and protected by a 128Bit Secure Socket Layer …

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GTOptions Review

Posted on September 27, 2013 by John Thiel

GTOptions belongs to a rare breed of binary options brokers. A simple look at the trading platform tells the whole story, the fresh new design gives it an amazingly professional look and the whole trader experience is just a cut above the rest and this definitely excludes it from the scam broker list. GTOptions offers up to 85% payouts and a variety of new features such as ladder and long term digital options. Registration: Registering was an amazingly simple and friendly process. I had to fill out my details including email and provide a password of my choosing. After I …

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