Binary Bank Breaker SCAM!! (another bogus offer)

Scams come in many shapes and forms but in the money-making industry, they all share common denominators. Binary Bank Breaker is a scam and we’re posting this review to warn binary options and FX traders of another “so-called” get rich quick, auto trading software, the domain in question is Oddly this new software is becoming viral in the last weeks and now one of the most solicited offers sent to tens of thousands, if not more, of potential victims via email campaigns and bogus review sites promoting Binary Bank Breaker.

The first lie.. They claim that “This System Has Been Ranked As The Most Profitable Trading System for 52 Months In a Row” and on we would surely like to know who gave them this award and how come the domain was registered on February 13, 2015? This is just one lie but it’s incomparable to the number of lies and deceptive elements that you’ll find on the Binary Bank Breaker website.

Here is a quote that we found suspicious and amusing “In the next few minutes you will learn all about the first ever software in the world powered by a legal spying algorithm” what on earth is a “Legal Spying Algorithm”? Sounds like an NSA approved product but certainly nothing to be taken seriously. This is nothing but another money-making scheme, a fake solution for online traders who are seeking a reliable signals service, group or mentoring service and get caught up in a web of deception. For every good signals service you will find an overwhelming number of fraudulent offers such as the new Binary Bank Breaker which was just launched a few weeks ago and already became one of the most viral scams in the online trading niche. How did they manage to pull this on the industry? They gather up lists with emails of potential money-making seekers and online traders, many times in illegal ways by ‘phishing’ for your information, then they spam you with email offers until your curiosity surrenders and you decided to sign up, only to lose your money within hours or days. It’s a simple business model, nothing these scammers should be proud of as they launch these offers again and again, each time with a different domain and a slightly different theme.

Snapshot from


Another promise we found to be on the ‘imaginary side’ is the “%500 returns daily”, sounds very promising but too good to be true! It’s not impossible to find reliable online trading services and we reviewed more than a few but in most cases when the promises are ‘up in the sky’ you can back down and cancel it out, click out and delete because these offers, plain and simple, are pure deception.

We strongly recommend that you avoid the Binary Bank Breaker and if you have any questions or feedback relating to this new offer, be sure to share it with us under this post. If you fell victim to this scam you are welcome to contact us via WatchDog’s Complaint Center. In case you are interested in a better alternative be sure to check out WatchDog’s recommended signals services for binary options and our list of recommended EU regulated brokers. Thank you for taking the time to read our quick evaluation concerning the Binary Bank Breaker and again, please share your feedback if you tried this software or if you have any other questions relating to binary options.

Pecunia Pact Review – Pointless Scam Software!!!

Walther Hardmann, the alleged CEO and head developer of the Pecunia Pact software, is nothing but a voice actor hired by the scammers who created let’s be clear before we continue with this review, this is not another promotional review for this money making scam. This web-based software was recently launched and mainly targets binary options and FX traders who are interested in a good signals software, yet again, this is another example of how online marketers are trying to take over the online trading industry with fake offers.

After countless of negative feedback and complaints via our WatchDog’s Complaint Center, we reached a very conclusive decision to post a Pecunia Pact review and warn fellow traders not to ‘pay a ticket for this “free ride”, because it’s surely not a free ride and you are guaranteed to lose your entire account balance if you sync this fake software with any broker that Pecunia Pact is working with! This is a scam! Keep in mind that the binary options broker is not responsible for your decision to sign up with Pecunia Pact in order to trader with their fake auto trading solution. It was your decision and you signed up for this ride if you decided to buy into this scheme. Hopefully we can reach out to as many traders as we can before they sign up and waste a $200-$500 on this foolish deal.


The testimonials posted by Walther Hardmann and all the review sites promoting were all created to manipulate day traders to sign up with the software. These testimonials and reviews were written before the software was launched in case anyone tries to, later down the line, conduct a Google search for reviews, they already spammed Google with fake reviews. These online marketers are only getting smarter but we’re keeping up with them and hopefully you can help us by commenting on this post and sharing it in order for potential victims to see our warning on Google, let’s safe as many people as we can.

Fake endorsement badges from

Mr. “Walther Hardmann” claims to be behind numerous successful software launched, yet we couldn’t find any indication of such claims on Google. We tried digging really deep but the person simply doesn’t exist. The profits promised by Mr. Walther are also completely imaginary. Think logically and ask your self? Do you really want to waste $200-$500 on this piece of junk software? If you are interested to trade binary options professionally, do it with indicators/strategy, with a mentor or with a reputable signals service or community. Many options are available for you even though most of the services we review are scams, we managed to find reliable EU regulated brokers as well as reliable signals services for binary options. Check out WatchDog’s Recommendations and don’t forget to share your feedback below or any questions, especially if you tried Pecunia Pact or if you are currently trading with the software. If you’ve been scammed? Please visit out WatchDog’s Complaint Center and file a complaint.

Live Profits is a SCAM – Watch Out!!!

The website we are reviewing today is It was just launched a few days ago. We are %100 confident that this website is a scam and might be targetting binary options traders or other folks looking to make money online. Unfortunately this is a bogus deal, one of many we reviewed and warned our blog subscribers not to sign up with. If it’s too good to be true, it’s simply aint’ true.

Let’s quote some of the bogus and akeward satetements made by the actor on the Live Profits Scam front page “live here in front of every body, you’re all going to be paid as much as $10,000 just for being here.. some of you might get $20,000 immediately, not when the bank opens, right now!” This guy is a really bad actor… then he goes and states”ohh looks like we’re live.. my web cam shows we are live.” acting all surprised. Then he goes and pretends it’s his first time doing it yet he is a”well known multi millionare” which will get to in just a moment.

Fake Snapshot from – a trading account with $10,000,000

fake-snapshot-from-the-livepofits-scam is extremely manipulative and has nothing to do with the markets, with making money or with anything that can yield you any profit or benefit your life in any way. It’s simply a money making scam, not a binary options signals service or anything remotely similar to any reliable service we encountered in this journey to expose scams and endorse leading services. It’s not easy since there are many online marketers who know nothing about online trading and they keep coming out with these bogus products. Please avoid Live Profits and share your feedback to warn other traders from making this mistake. On a side note, this fake product is again promoted of a fake site developed to promote all the scams we warn our day traders to avoid! Do not sign up with any product endorsed by Nancy Fox. It’s an absolute rubbish site.

Every time ‘they’ say “I am actually going to be paying you money in a few minutes” run away! Free Events, Bonus Webinars and lot’s of promises. All quotes from the video on the introduction page Again, “I am only giving 20 people access..” a common tactic to get you to join as fast as possible, inflicting pressure tactics.

Finally, Robert Wilson rants and talks about being famous, yet we couldn’t find any information on the actor appearing in the video. It was just pathetic to watch, especially for those who already experience these types of scams and for us after getting so many complaints and reviewing so many similar products.

Do your self a major favor and avoid these types of scams. If you are interested to trade binary options you have to be careful and research every service or broker before you sign up and deposit funds. We concluded that Live Profits is a scam and we would love to get you feedback if you tried or currenctly using this product. Visit WatchDog’s regulated brokers and reliable binary options signals services for binary options. Thank you for reading this review.

Binary Genius is a SCAM!! Signals under 5/10 ITM Warning!!

Warning binary options traders, on Thursday 12 February of 2015 a new scam came out, the Binary Gunius. Based on the feedback we’re getting they should’ve named this one the ‘Binary Coin Flipper’, might be more suitable for the type of results this scam is generating. $122,346.56 in 30 days is the type of income members are promised yet based on the feedback we received via WatchDog’s Complaint Center the performance is closer to %50 ITM/ %50 OTM and with binary options it’s simply not enough in order to generate profit. In fact, with a %50 ITM Rate you are bound to lose your investment without a matter of 5-10 trades. Give it a day or two and you won’t have a dollar left in your trading account if you decide to sign up with the It’s important to note that since the product launch we counted 25 complaints. This is all the evidence we need in order to label the Binary Genuis as a scam in this review and this one is in fact one of the few honest reviews you will find on this product as most of the websites endorsing this fraud are all part of it and most likely created by the same people who are behind it.

The Binary Genuis is a true “Genuis”… as they managed to create over 30 websites all promoting and endorsing as if it’s the god’s gift to binary options traders, the holy grail… yet if you look at most of the the review sites, it’s not difficult to tell that all of the websites are designed purely for the purpose of promoting this big genuis who’s scamming traders now since February 12, 2015. The only regret we have is that we didn’t post this warning earlier. By now, many traders already fell victim to this money making scheme, posing as a legitimate binary options solution with an exaggerated promise in which traders are manipulated to believe that within 30 days they will make a 6 figure income.


Not only that this website is purely endorsed on fake review sites, they also illegally solicit Binary Genuis via email campaigns which are a violation of US Federal law and Internet laws in most countries around the world. They are not only scammers but they are also online criminals by definition, congrats to the big Binary Genuis, if you were such a “genius” you wouldn’t be promoting this scam in illegal ways, just another loop hole in this “master plan”.. let alone that this entire website is the typical well-marketed fraud ‘get-rich’ site and is an obvious scam to anyone with experience trading binary options.

It’s extremely upsetting for us at and of course to many binary options traders around the world, who are looking to make a living trading online and have these crooks lurk around every corner, waiting for us to make the mistake and put our faith in them.

Well, Binary Genuis is not getting away without a warning from WatchDog to our fellow online traders around the world. Our goal is not only to expose scams, but also to create a safe community in which scammers are exposed while reliable signals services and mentors are endorsed.

If you hae any feedback regarding the website or any other scam you would like to alert us about, please comment below and thank you for taking the time to read this warning! Always remember to register with Regulated Binary Options Brokers if you are considering to get into this gig in the right way. Be sure to also visit WatchDog’s List of Binary Options Scams and avoid the brands listed on the page.

Enigma Code SCAM warning!

“Congratulations, I am about to give you a million dollars in the next five days, yes you heard me right, you can make a million dollars on this secret page.” is the latest scam launched today just a few hours ago and some of you might receive an email in the days to come. This is far from anything we’ve encountered in the journey to expose binary options scams. In fact, this website is probably the most misleading and hilarious, low budget scam site targeting binary options traders and money-making opportunity seekers that we ever came by.

Enigma Code was just launched today so instead of waiting until we get complaints from traders we decided to ‘jump the gun’ and post this warning. We didn’t try the Enigma Code and do not plan to get anywhere near it, yet we do try some products and endorse a handful of reliable services but this one is most likely not going to make it to WatchDog’s recommended signals services.

All the warning signs are there, sketchy looking offer page, weird voice over and not convincing at all, million in 5 days you must be joking, a few spots left in your country. This entire Enigma Code is a joke. We find it hard to believe that any experienced binary options trader would fall for such a scheme yet it’s important that we alert new binary options traders in case they receive an email or encounter this offer in anyway. The website and all the review sites promoting it are scams, make no mistake!

Check out this silly video promoting the secret Enigma Code we found on YouTube.

This is just too unreal, misleading, hilarious and fraudulent. Give your wallet a break and avoid depositing your money with a broker in order to use this counterfeit “secret” software. It’s not worth a penny and you will surely distance yourself from ever making an actual million by signing up with money making schemes such as (check it out…)
Some might argue that even if you won’t make a million yet you manage to pull a few hundreds every day it would still be a “GO”. True, however when we look back at similar websites, the conclusion is in %90 of the cases are the same, it’s a scam.
Visit’s recommended mentors and signals services for binary options!
If you plan to trade binary options with a service or a sofware you have to make sure that you’re signing up with a reputable service, a mentor or someone trusted in the industry. For example, trading with a reliable Facebook signals group vs with a fake automated trader will yield you a much higher success. Don’t look for the easiest ways and short-cuts to make money with binary options and most of all, avoid websites like it’s a pure scam and if you have any feedback or questions you may share it below this post.

OptionBot 2 – Updates and Recommendations

All regular readers of will most likely realize that the Optionbot 2 by Gary Davis is probably the best Binary Options trading tool available. It is a Signals Trend Indicator and can be used with great success to track what the markets are doing and how they are moving. To put this simply it helps you determine when to place a trade to your advantage. It was the first software on the market that did this and many other software have tried to rival Optionbot without success. The guys at Optionbot are constantly improving things to retain their title as market leaders and seem to be one step ahead of all the other Trading tools.

This is one of the few signals software/indicator for binary options we decided to try first-hand after seeing many positive endorsments on websites we trust. We found it a bit of a lengthy process to get setup but as soon everything was set up, we found the software remarkably easy to use and the guys there at Optionbot walked us through and offered a free training session which ended up incredibly helpful. They also offered us the software for free when we first opened the account and our first ten trades were guaranteed based on the Option Bot’s terms and conditions which allows new traders to experience the Option Bot without any risk with the first 10 trades, a features that is currently not offered by any binary options software or signals service. It’s important to note that the OB2 has gained it’s reputation in 2011 when Gary Davis came out with the first version and now in 2015 it’s still one of the leading software in the market, an indicator/signals software used by 1000’s of Forex and Binary Options traders around the world.


Their unique technique for placing trades ensures high returns. They aren’t a broker so it is in their interest for all their clients to be as successful as possible. These guys are in it for the long run! With this in mind they have released an exciting new service that sets each client up with their own private tutor. They have called this Optionxe and we recommend checking it out. These guys know what they are doing when it comes to trading and to be given the opportunity to be on a training course is something that we would recommend every trader from novice to expert to check out. we tried it out for a couple of days and found out that there was a lot for us to still learn regarding binary options but we didn’t have the time to continue the course to the end but we thoroughly endorse the Option Bot 2 and recommend it to our blog followers.

Visit by Gary Davis

Visit’s Top recommended signals and software for binary options trading.

Please leave your feedback below. How are you doing with the Option Bot 2? Are you generating profit? Is the free training helpful. Please share your experience with other visitors.

Mike’s Binary Options Signals Group on Facebook

It’s not often that we encounter a transparent group of online traders who are dedicated to their members. In most of our reviews we warn traders against potential scams. Finding a reliable mentor or a signals service for binary options is extremely difficult and most of the systems out there are fake, they offer no transparency, communication between traders or a real track record. Instead, most binary options ‘Auto Traders’ and signals providers manipulate traders with false promises and are designed to make you fail.

Everyone can post fake account snapshots, testimonials and promise you thousands of dollars a day with automated systems and this is exactly what we’re seeing out there. As a newbie trader you have to be really careful with the services you decide to rely on with your deposit.

Mike's Signals Group

So what makes Mike’s Signals Group on FaceBook any different?

First and foremost, Michael Freeman is a well-known online trader and mentor. Mike’s Auto Trading Software and charity initiative is a great success as we receive a lot of great feedback from many traders. In the binary options niche, Michael Freeman has the largest subscribers base with about 200 videos on strategies, tips and warnings posted on YouTube and hundreds on articles on

Read our previous review on Michael Freeman’s Auto Trading Software

In Mike’s latest video he invited traders to join his new Facebook Signals Group. The main advantage of forming such a group is in it’s %100 transparency. Members can interact, share their feedback and learn from each other. The group is owned by Mike, Aditya Kumar and Lee Oshea and all 3 are currently generating signals for the group. On Monday the group consisted of around 40 traders but now they already have 200+ members indicating that the group is rapidly expending after Mike’s latest announcement on YouTube.

Lee Oshea and Aditya Kumar became Admins in Mike’s Signals Group after proving their success by sharing winning signals with the group. Michael Freeman announced that all traders are welcome to post signals and share their ideas with the group. It’s turning out to be a great move and a wonderful new community for binary options traders to share ideas and generate successful trades, riding trends together as a team.

Join Mike’s Facebook Signals Group

Mike’s YouTube Channel

The group is free of charge but you must create a broker account with one of Mike’s Regulated and Recommended brokers. After you’re in, it’s free for life with no additional fees. Signals are available between Monday and Friday at various hours as each Admin trades at different hours. If you are interested in Mike’s Auto Trading you can visit We encourage our subscribers and any of Michael Freeman’s subscribers to share your feedback and questions. Keep us updated with your performance results. Visit WatchDog’s Recommended Binary Options Signals if you are interested in an alternative to Mike’s Facebook Signals Group. Interested to join Mike’s Auto Trader+Facebook Group? New members can now join Mike’s Auto Trader with a broker registration and in addition, enjoy free access to his Facebook Signals Group.

Interested to File a Complaint on a Binary Options Broker or Signals Service? Contact us via WatchDog’s Complaint Center.