Tokyo Bot Review – Avoid this new SCAM!

Here is another fake binary options software – The Tokyo Bot by Hiro Katsumi, an Americanized Japanese trader who found a “day trading enlightenment” at the Tokyo Exchange after realizing that Westerners are just too impulsive and emotional when it comes to day trading. After finding true peace at the Tokyo Exchange, Hiro Katsumi mastered binary options and apparently decided to create the Tokyo Bot Scam. If it sounds like complete garbage, it probably is! Don’t be mistaken, the Tokyo Bot is definitely a scam and it kind of reminds us of the Ex German Banker Robot.

The sad reality is that %90 of the Forex and Binary Options can be categorized under the definition of ‘get rich schemes’ and it leaves a very bad taste for traders who are looking for a reliable software or mentoring and fall victim in the process.

Based on the feedback from subscribers we found that Tokyo Bot is a SCAM! While they promise traders $1000′s in monthly profits, in reality the software delivers less than %50 ITM which is not sufficient in order to generate profit with binary options.

Based on feedback we found that Auto Binary Signals (ABS) staff and promoters are involved with the promotion of It appears that the two services are owned by the same people, unless ABS is selling your email addresses to other promoters. It would probably be best to avoid any offers by ABS or Tokyo Bot.


Based on a Google search we found many fake promotions for the Tokyo Bot such as the promotional review on Roy Tribble’s website which presents himself as a “man of god”. Ironically he is promoting all the biggest scams in the industry: Binary Matrix Pro, Auto Binary Signals and the Tokyo Bot. Here is a funny quote we found on his profile “Roy Tribble is a Christian man of faith dedicated to exposing frauds, fakes and liars who pervert the truth and prey on the weak and vulnerable. Mr. Tribble runs the very popular ScamWatchdog website as hobby, and as a way to help the public find out which work from home products are effective and which ones are scams.” has no reason to believe that the Tokyo Bot is nothing but a typical scam. In the case you decided to give it a try please share your feedback below this post. Remember that if it seems to good to be true, it probably is. If you are looking for a reliable trading buddy/service/software visit the WatchDog recommended signals for binary options.

The 100K Club is Definitely a SCAM!

I find it troubling that even on the Warrior Forum, one of the largest forums on the internet, The 100K Club ( ) is being aggressively promoted. For unsuspecting newbies who are in a search for an automated trading system for binary options the offer might seem ideal. After all, can anyone honestly refuse a $100K every month? Unfortunately the 100K Club is a scam just like other similar scam sites: Binary Matrix Pro, The Wealthy Trader and The 1 Percent Club. Based on endless testimonials we found that all the above sites are scams! If you compare these websites side by side you will notice many similarities and deceptive practices aimed to mislead traders into believing that they just landed on the “one and only” opportunity to get rich. In fact, about %90 of the signals services and software for Forex and Binary Options are worthless virtual junk! It seems like a lot of these services are getting away with blatant false advertising promising traders hundreds of thousands of dollars and delivering zero results!


Take this post as a warning!! Do not trade with The 100K Club and here is why:

1) Due to the high number of complaints filed with is became necessary to warn newbie traders and deter them from wasting time and money! Based on real testimonials we found that The 100K Club generates a %40-%50 ITM which is below the necessary break-even ITM required in order to take profit with binary options.

2) Extreme False Advertising: Claiming that traders are making over a $100,000/month while in reality they’re lucky if they don’t lose the entire deposit within a few hours or days..this is a clear case of ‘False Advertising!’ It turns out that posting a risk disclaimer gives scammers a false impression that they can go around and “legally” lie in order to get more business!

3) Deposit Trap: As a newbie trader you want to stay away from bonus offers. The 100K Club is offering %100 matching bonus when you deposit with one of their brokers, however they don’t tell you about the risks involved with taking a bonus. In most cases the bonus restricts your ability to withdraw money from your account until you’re able to reach a wagering requirement. The wagering requirement is also referred to as ‘trade volume’ that a trader must generate before qualifying for a withdrawal. The best way to avoid problems with future withdrawals is to avoid these offers from the brokers and signals providers.

The 100K Club is a scam! You can find a lot of information on similar scams on the blog so make sure to subscribe. If you have your own experience with or with similar products please share it below the post! If you are interested in quality signals be sure to visit WatchDog recommended signals for binary options!

Safe Trader App Warning!!

Before I start this review I want to thank the WatchDog subscribers for sharing your stories and honest feedback on all the scams that are coming out. Our goal is to help traders who are looking for a reliable way to trade binary options avoid the bogus offers and learn how to identify similar offers that in many cases appear to be very appealing on first look.

The irony is that the Safe Trader App is not a “safe” application at all and the usage of the word “safe” in the company name seems to be very common with scam websites. Take Safe24Options for example, a counterfeit broker attempting to confuse traders into believing they are associated with the real broker 24Options. Just Google Safe24Options and you’ll find countless of negative reviews from victims who thought it was a “safe” broker but realized that they’ll never see their money again.

Safe Trader App – Red Flags!!

1) They advertise fake live results, for example: Chase Groetken just made: $46 and Devon Mcvay just made: $27 even on weekends while binary options markets are closed!! Very strange don’t you think? If you are an experienced trader you would know that live binary options trading is not available on Saturday and Sunday.

2) encourages traders to register and deposit money with unregulated brokers. Many of the brands they work with are non existent based on a Google search. BinaryGoal? VXMarkets? Try to research these brands and you’ll find nothing..It’s possible that these fake brands are behind the software trying to push their trading platform to new traders with a worthless binary options ‘get rich quick’ application..

3) In order to qualify to use their software you will not only need to deposit the minimum requirement, they will push you to deposit up to $5,000 in exchange for a bonus but the problem is that the bonuses are very deceptive because in %100 of the cases the bonus restricts your ability to withdraw your funds until you’re able to meet a very heavy turnover requirement. The only thing you need to know about the bonus system with Binary Options and Forex trading is that you should NEVER TAKE IT!


Quote from the Safe Trader App video “Number two..Shut The Hell Up…”

I can go on and give you plenty of reasons why the Safe Trader App is a scam but if it wasn’t for some of the horrible feedback we received in the last weeks, this review would not mean much..Real experience speaks louder than any other review and after reading your emails and comments it’s clear that none of you are making money with this app and on a good day you might get a %55-%60 ITM which won’t cover the bad days.. so overall if you are planning to make hundreds of dollars every day with binary options you should look somewhere else.

So what now?

Well it’s really up to you what you want to do next. If you really want to try the Safe Trader App we won’t stop you and if you have an experience or comments to share you are welcome to speak your mind below this post. An alternative to the Safe Trader App would be to trade binary options using your own strategies with a reliable broker you feel safe to work with! For ideas you can visit the WatchDog Trusted Binary Options Brokers!

If you are looking for a reliable signals service you can checkout the WatchDog Approved Signals Services! All the services we recommend are tested and generate a winning performance. Don’t expect to become a millionaire but you can definitely benefit by following strong trading signals. Good luck with your binary options journey and may good judgement lead your path!

The 1 Percent Club is a straight scam!

You must be either.. lucky or stupid for landing on this page and someone who truly ‘gives a F about you’ probably sent you an email urging you to visit this “one in a life time opportunity” to become one of the %1 lucky folks who can call themselves millionaires. It’s a great dream but I have to wake you up from it before reality hits your wallet.. The One Percent Club is a big joke, especially the part in the video about “I am a strong believer in karma”, well hopefully for the person who created this fake binary options software there’s no such a thing as karma and I don’t want to be within 100 ft radius when a meteor hits the dude on his forehead.

The one thing I don’t get is how on earth can anyone turn a $250 deposit to $20,000 in less than 24 hours..If you are extremely talented you might turn $250 into a few grands within weeks but if you think that within a month or two you’re going to become a millionaire by using this piece of virtual junk, you’re making a big mistake buddy. On the other hand, if you decide to work with a legitimate Forex or Binary Options signals provider/software you will generally make $100-$500/day if you’re lucky but don’t expect to become a multi millionaire unless you are the next Warren Buffet and if you are, make sure to attach an autograph in the comment section below this post.


Look, I am not a hater, I just hate all the garbage that’s taking over the online trading niche, the same scammers who promoted the ‘paid survey’ and ‘project payday’ garbage are taking on this new opportunity to scam binary options traders looking for an honest opportunity to make a living from home..Don’t be fooled, The 1 Percent Club is the new generation of internet marketing scams. It’s not a legitimate binary options software! period.

The 1 Percent Club ( ) was launched a couple of weeks ago and ever since I am receiving comments “What do you think about The 1 Percent Club Watchdog?” “Got any feedback on the one percent club?” and the comments keep coming so it’s becoming an urgent matter to post this software review.

If you or anyone you know tried this new software you should comment below and tell us about your experience. Besides the thread on the Warrior Forum you won’t find anything but promotional reviews which might mislead some of you into thinking that this is truly legitimate, especially if you’re not so internet savvy.. The 1 Percent Club is promoted by 100′s of websites but it’s only exposed on 2 websites right at the moment. If you want to go ahead and trust the “majority”, be my guest but don’t blame anyone but yourself for losing your deposit within minutes or a few hours.. If you don’t have anything better to do, play some video games or watch the world cup… I can reassure you that by doing absolutely nothing, you will actually get closer to becoming a millionaire than if you buy into the 1 Percent Club BS..Don’t distance yourself from becoming a millionaire by $250, it’s difficult as it is to get there so avoid any stupid mistakes on the way.

The reason why you found The 1 Percent Club website is because you truly want to make money, you might be a binary options trader and you might be some random person who’s looking to make money, I get it.. For many of you, the internet is like a big adventure and you probably get a thrill from landing on different pages and testing different things..I get it.. but unfortunately the internet is no “Alice In Wonder Land” it’s actually a sea full of sharks and chances are you’re a small fish at this point so do your research and be as critical as you are when you step into a Walmart store demanding to return one of their lousy electronics..


If you’re looking to become a successful binary options trader you should treat it as a job, figure out a strategy and work with a demo but if you don’t care about acquiring technical analysis skills or simply don’t have the time for it you can checkout some of the WatchDog approved binary options signals and software providers! If you have any experience or feedback on The 1 Percent Club you are welcome to post your comment below.

Commodity Robot is a SCAM!

It took me around 2 hours to get through the Commodity Robot pitch page but I finally made it. My brain hurts and I feel like it’s been watched with BS, maybe it’s time for a little walk? but not before I review the system. Is it worth $999-$4,999 per year? That’s a big chunk of money don’t you think? Luckily they operate on the ClickBetter network so you can get a refund for up to 60 days, assuming that you avoid other extra charges along the way and having to deposit extra money with the brokers they recommend and you will definitely need to so consider that you will definitely need to pay more than $999. The software payment is totally separate from the funding of a new trading account/s.


So what do you actually get when you buy the Commodity Robot?

1) Depending on which package you purchase you get automated signals for the popular commodities that are being traded on MT4 commodity brokers or Binary Options trading platforms. The following are included: Gold, Oil, Copper, Silver, BitCoin, Coffee and Palladium.

2) The Basic package includes signals for Oil, Gold and Silver with a maximum trade balance of $250,000.. right. Cost = $999. Let’s move on to the Ultimate Package because I don’t have time to go through all the different packages, so as an “Ultimate Member” you will receive all pairs, 24/07 support, unlimited trading without any limits, direct contact with their programmer and a yearly performance meeting where you basically have to pay for a flight ticket to an undisclosed location..This wonderful package will cost you $4,999. If you are in a spending mood knock yourself out because you’re not even getting a free trial.

3) You also get two Russian dudes Antony Kemble and Ronald Kravchuk who are the ”geniuses with numbers” behind this new software.

Why Is the Commodity Robot a SCAM?

Just like most of the beautifully designed services, looks can be very deceiving so don’t judge a book by it’s cover. The people behind this software are using every deceptive method possible including fake actors, fake performance and a brainwashy pitch page..everything about this service looks and sounds like a scam and when you Google search this product carefully you will find some real feedback from traders who lost money with the Avoid expensive products that are not offered with a free trial.. After all, if they are so confident with their software and they can truly generate millions every year trading multiple commodities as they claim on their website, you would expect them to at least let you all test it with a free trial and even for 2 days.. If they generate such an accurate performance you will definitely purchase their product and probably even consider the most expensive plan for $4,999. Right? Luckily they do operate on the ClickBetter affiliate network which obligates them to honor a refund request for up to 60 days so in case you were crazy enough to spend $4,999 on the Commodity Robot, you can always get your money back. I have a lot more to say but after going through all the content on I need a 3 days I will leave it at that and if any of you can provide with some additional feedback that will be great!

If you are looking for a reliable signals service or software, checkout the WatchDog Recommended Signals services and if you have any comments and questions concerning the Commodity Robot please share below this post.

The Millionaires Society SCAM –

Just when I finish reviewing one scam, 10 new scams are launched and introduced to the public, just checkout this new BS software The Millionaires Society and of course..the narrative remains the same. They usually target newcomers who are looking for a reliable binary options signals service or software to help them trade. Unless you’ve been scammed or read some honest reviews about similar products, you have the potential to become another victim and signup with the hopes of becoming a millionaire. Don’t let them fool you though, the only one who intends to become a millionaire is the low-life clown operating this fake service. Only a real clown could come up with such a joke.. so I suppose it’s got to be a joker clown.

For those of you who already visited some of the similar type scams, there’s a chance you already learned your lesson. Notice how they try to pressure you to signup as soon as possible with multiple ‘memberships left/time left countdown’ widgets all over their pitch pages . How lame is that? The testimonials are all fake, I can already recognize most of the actors..they’re all paid and the funny thing is that they’re being used too, just like you as their often paid as low as $5 to post some fake review for these services, $5 is all it takes to buy someone into lying for you while keeping a straight face. They’re actors so don’t get angry at them because just like you they’re at the bottom of this food chain, they probably don’t really understand the magnitude of the scam they’re contracted to lie for.. it appears that there’s a big market place for this..”My name is X, and I am a millionaire” … pshh .. anyway after reviewing so many scams I am getting tired.. It’s like I am constantly chasing the dragon, the minute I feel like I am getting close to reviewing all of the current scams..I realize how far I am. It’s a never ending battle but I guess I’ll keep going.


So why are they giving traders a free membership if it’s a scam? First, it’s a common practice, signals services often require traders to signup with a broker in order to qualify for a free trial membership, however you have to take into consideration that the broker pays the service each time you signup which gives an incentive for these fake services to falsely promote their service as being %100 free knowing that they’ll get paid by the broker. I want to be careful with this statement because it doesn’t necessarily mean that the service is a scam since legitimate binary options signals providers often also require a broker registration. It’s just the way it works, nothing is absolutely free.

Look, I am getting tired of having to prove to you guys that these products are a scam. If you don’t believe that The Millionaires Society is a fraud, go ahead and try it and we can talk again in a few days. I am going to keep it short this time because this product is really dumb to be honest with you! I really don’t want to waste more time on this BS. It’s an insult to anyone’s intelligence, a mockery of online trading and deceptive in anyway you look at it. recommended Binary Options Brokers!

Do yourself a favor, control your impulses and before you jump into binary options trading you must do some research and use some wisdom if you got any because it can surely help you navigate your way while dodging scam artists who are waiting for you at every corner.. Conclusion: The Millionaires Society is a SCAM so watch out! If you have any feedback please comment below and thank you for taking the time to read about The “Millionaires” Society.

The Binary Trick – Read this before signing up!!

I decided to change my reviewing strategy a little bit and try to review the service a few days before the service is introduced to the public. In most cases they will send millions of email invitations to traders around the world during the service release date.

I actually miscalculated the dates as I initially planned to review The Binary Trick at least a week before the launch having spotted this new scam while it was in the making. Within a few hours this new product will be available to the public, yet I already started to received emails from traders who are worried and unsure if signing up with this new software is the right choice. Another recommendation if you are considering any service, be sure to do some research not only about the service but also about the brokers they are connected with and if you find that the broker is some kind of a scam, the software is useless so do your research very carefully irregardless if you signup with The Binary Trick or any other service.

thebinarytrick is a deceptive service full of lies and BS as most of the fake services are promoted using the same marketing tactics. Here is an example, the alleged product owner “Kevin Lee” is promising $500 of his own money to anyone who signs up. Didn’t your grandma ever tell you that money doesn’t grow on trees? or did you miss this part of your childhood? If you never had a grandma I am sorry to hear but basic common sense should have prepared you for this. The bonus system is not a scam but the way the bonus is presented and sugar coated is deceptive in this case.

Another lie, “this is a private invitation”.. so how come they’re sending emails to traders all over the world before the service was even launched? I can reassure you that I never in my life received an invitation, yet miraculously I was able to navigate to their website and watch the entire video with my mouth open and my tongue sticking out from the side of my mouth..drooling all over my computer.. and not from excitement! I just felt more anxious to posting this review as soon as possible.

Do me a favor and don’t signup with The Binary Trick scam..unless you feel like getting tricked. There are good auto traders if you are specifically looking for one but also keep in mind that an auto trader keeps you completely passive so you’re not actually learning anything from this experience. If this is the only way for you to trade than do some research, look for red flags and only signup with a reliable broker when trying out a binary options software or any type of signals service that requires a broker registration, don’t let yourself get ‘double ended’.

Other similar scams that came out recently include: The Binary Cash Creator, Binary Matrix Pro, The “German” Robot and The Wealthy Trader which all went completely viral.. capturing the attention of 1000′s of traders around the world with the most bogus products you can imagine. I added links to some of the previous product reviews I posted on the above products. So please don’t burn yourself out before you get the opportunity to engage with legitimate offers.

Checkout Recommended Binary Options Signals services!

Unlike previous reviews, I am sure the feedback will arrive later on since the official product launch is on May 19th which happens to be tomorrow so give it a few more days and I am sure we’ll start receiving comments from traders who tried this piece of BS software but irregardless if you tried this product or not you are welcome to comment below and share your thoughts.

Wealthy Trader Review – Is this for real?

“before I go any further.. let me ask you a question. Are you a loser?” and it continues.. “because if you are, then get the hell off my page” quote from

Is this for real? You got to ask yourself if this type of language is even appropriate for a service you are counting on to help you generate money and essentially help you succeed with binary options. Logic tells me that Wealthy Trader is just another fake signals service and I am sure we’ll here a lot more about it in days to come, if you have some feedback of your own you can share below. received many emails by traders asking about the website. Do I have a solid opinion? Not really.. but I am generally right about my assumptions in reference to signals and when too many things don’t add up, it doesn’t take rocket science to figure out what you’re up against. Too many promises, same ole “Get rich without doing anything” if you watch the intro video carefully you will notice that the entire video is dedicated to promises, promises and more promises. Many traders would appreciate an introductory video with essential information on the service and binary options specifically, maybe some background or just a quick introduction of the actual software but can you please spare us the “I’ll make you rich” type of BS because it’s becoming annoying.


Let me be clear that these fake “get rich” signals services deter many traders from binary options and it’s very unfortunate. Many traders end up giving up hope and miss the opportunity but you can’t really explain this to someone who’s been burned out over an over. If you ask me, don’t rely on the Wealthy Trader website to help you trade binary options and it will take more than a few fake testimonials from Fiverr to convince me that a service is worth my time.

One of the main issues I have with is the association with since other services that were previously verified on this website failed miserably which takes the credibility from this “so-called” verification site for binary options signals services. In my opinion, if you want to know which services not to signup with, you should go on and if the service is confirmed and verified by this website, you know it’s probably a bad choice!

The fundamental question traders ask in reference to signals is”How can I know which service is legit or not? what should I look for as a warning sign?” It’s not easy to distinguish between legit or fake services, it’s almost impossible in some cases because the services can display fake performance from a test account. They can show you snapshots, account balance, testimonials and a wide range of “proofs” to convince you that they generate a high ITM rate but again. The point is that the performance results should never be the reason why you decide to trade with a specific signals service.

Binary options signals services are many and Wealthy Trader is not the first and not the last, some are legitimate but for the most part, you are better off trading on your own. If the service requires you to initiate an account with a broker in exchange for a free trial, which is very common with signals services, you should research the binary options brokers carefully and make sure you are dealing with a reliable broker in case the service “under performs”. You can always continue trading on your own with the broker you signed up with to get the free trial. The worst scenario is when you get screwed over by the service and by the broker so the key is “research” and applying a little bit of common sense won’t hurt.

If you have any questions or experiences with Wealthy Trader please share below. For more information on signals, visit Watchdog’s recommended Signals services for binary options.

New Binary Options Forum Released!

On a positive note I want to invite all readers to the new Binary Options Forum – It’s a brand new forum focused entirely on binary options vs most of the other day-trading forums which are mostly focused on Forex and only offer sub-forums for binary options related topics. The forum is powered by Vbulletin, the most advanced discussion platform available on the internet. is an example of a very popular Vbulletin powered forum but with a completely different design and slightly outdated in my opinion.

I am not sure if the name is silly or genius but we can all agree that it’s hilarious. New members can join the forum via Facebook and all members qualify to post threads and comments, add a signature and an avatar for your profile picture. Talk about avatars, there’s no doubt that the creator of this binary options forum watched a few too many South Park episodes..


There are a few other forums for binary options but this one is my favorite. I want to invite all subscribers and readers to join the discussion. Using the forum as a tool to find what other traders are thinking about different brokers and signals services is a great way to filter out scams, worthless offers and get yourself on the right path.

On you can find various discussions dedicated to binary options signals services and robots, brokers, strategies, off-topics, exchange and scam warnings. The exchange forum allows binary options vendors to share their new products and systems with the trading community, traders and vendors can exchange scripts, indicators, signals and personal mentoring via the Binary Options Exchange forum. Another useful page is the Binary Options Strategies forum where traders can discuss and compare different strategies.

Right now it’s the beginning of this venture and everything is still new with only about 75 members as of April 26, 2014 but the number is growing rapidly and you can help this number grow by joining the conversation today. Before you bombard the forum with posts :) checkout the First Stop Forum where you can introduce yourself and post your suggestions on how to improve the forum and any feedback.


I know that most of you are looking for reviews on services and brokers so I will keep this post short but if you have any feedback on this newly designed website, please share your comments below. If you are looking for comments on the forum, you can find me on the Report Scams forum. I’ll see you all there!

The German Binary Robot SCAM! Exposed (Must Read!)

I want to apologize in advance for the dramatic title but unfortunately the new German Binary Robot, is a mockery to German reputation of quality delivered goods and services as it’s widely perceived worldwide. Have no doubt that this latest scam is absolutely not German engineered! After reading this post you are welcome to comment and share your experience with the German Binary Robot SCAM as others many traders are curious to find out if this is legit or is this a marketing hoax.

Checkout this snapshot taken from …and below the picture I will explain what I mean!


German Binary Robot Review by WatchDog!

As you can see at the bottom right corner there is a logo supposedly confirming that the German Binary Robot is a legitimate website and that the performance is verified! If you didn’t read the Binary Matrix Pro Review I posted a few weeks ago, I found that was registered on the same server at the same time as Binary Matrix Pro and concluded that these two websites are owned by the same individuals. The other conclusion, based on the feedback below the Binary Matrix Pro review, was that it’s evident, beyond any reasonable doubt, that the two websites are a scam!

The problem is that these scam artists don’t waste time and once again they published this new shiny looking and perfectly branded website, the German Binary Robot, and it was lunched about a week from today and it’s on “Full Hype Mode”. Since the lunch, I’ve been asked about this German Bot.. many many many times but after realizing that this website is connected to and Binary Matrix Pro, the obvious conclusion is that the 3 websites are scams operated by the same people.


These money starving lunatics are creative and I bet that in a few weeks, I will post another review for an “approved service” by and it’s a shame because they are taking away the faith day traders have in binary options, the truth is that there are reliable, hard-working traders and signals services in this industry and the good services have a goal to retain their traders vs getting them pissed off. Scams like the German Binary Robot are deterring day traders away from binary options entirely since not many day traders can afford to get back on their fit after getting slammed by a fake bot.

Please share your experience with the German Binary Robot, or Binary Matrix Pro and help warn other day traders from falling into this trap and if you have any questions you are welcome to post them below. For anyone interested to explore better alternatives, checkout the WatchDog’s recommended Binary Options Signals services for binary options.

Trusted Brokers

Enter your email and receive the latest Scam Alerts and Binary Options news by WatchDog!

Join 1,111 other subscribers