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FXMasterBot Review – Scam Robot or Legitimate FX Software?

There is quite a bit of ill-founded feedback regarding the newly released investment software. Incepted on July 18th, 2017 and released in late December 2017, FXMasterBot has captivated the attention of not only determined forex traders but also financially hungry review sites that have been predisposed to provide inconclusive reviews coupled with unsubstantiated verdicts.

As you will soon discover for yourselves, the objective of our honest and unbiased FXMasterBot review would be to provide unrestricted insight into the operational features available for investors and to answer the question on everyone’s mind as to whether or not FXMasterBot is a legitimate forex trading software or just another scam auto trader. - FX Master Bot

What is FXMasterBot?

In leniency terms, FXMasterBot is an investment software that equips online traders with the ability to execute investments with higher accuracy and confidence. Functioning in conjunction with regulated forex brokerages, FXMasterBot provides forex traders with a couple of elements that have been greatly neglected over the past few years in regards to online investment solutions, which would be safety and credibility. Supporting a vast array of manipulative variables and operational components, investors who utilize the FXMasterBot are empowered with the ability to manage and monitor their own investment operation.

FXMasterBot Operational Insight

FXMasterBot functions as both a manual and automated investment software that renders traders with the ability to control which trading variables are set into action. Providing a multitude of investment features, this forex trading solution operates as an online based application that employs various investment algorithms in relation to active settings to generate the highest probability investment signals. Featuring integrated stop loss and take profit components, FXMasterBot allows traders to practice simple yet effective risk management measures to reduce risk.

FXMasterBot Operational Insight

FXMasterBot Account Features allows prospective traders the ability to get started with 4 separate investment packages that are engineered in an incentivized format. While many review sites will make the blatant assertion by stating that all FXMasterBot’s account plans are free of charge, there is truly only one account package that comes free of charge and that would be the Free Demo Account they provide. Disclosed below are the various account packages available at FXMasterBot and their included perks:

Novice Package

  • Free Signals
  • 3 Open Trades
  • 3 Currency Pairs
  • Required Deposit: $250
  • Leaderboard Multiplier x1
  • Multiple Brokers Supported

Expert Package

  • Free Signals
  • Auto Trading
  • 9 Currency Pairs
  • Unlimited Open Trades
  • Required Deposit: $500
  • Partly Advanced Settings
  • Leaderboard Multiplier x2
  • Multiple Brokers Supported

Master Package

  • Free Signals
  • Auto Trading
  • 17 Currency Pairs
  • Unlimited Open Trades
  • All Advanced Settings
  • VIP Customer Support
  • Required Deposit: $1,000
  • Leaderboard Multiplier x3
  • Multiple Brokers Supported - Plans

FXMasterBot Platform Specs

FXMasterBot offers investors an innovative dashboard experience that integrates a real-time charting solution with recently generated investment signals. Supporting various applicable trading features, FXMasterBot functions entirely as a web-based software that enables investors to manipulate a variety of unique trading features. Among some of the features would be Reverse Trading, Compound Win, Daily Stop Loss, Daily Take Profit, Max Daily Trades and Max Concurrent Trades. Provided  below are brief descriptions regarding each available software setting:

Daily Stop Loss

Although other review sites appear forgetful in mentioning the importance of this investment setting, the Daily Stop Loss function available at FXMasterBot allows traders the ability to have their software quit investing on their behalf (if on auto trading mode) if they have suffered a predetermined value of financial losses. This setting is a great risk reduction measure and should be set to a value between 3% to 7% of your account balance.

Compound Win

Traders looking to maximize their earning potential through FXMasterBot are able to elect the Compound Win setting to generate higher returns for their winning investments.

Daily Take Profit

Another great risk management feature available at FXMasterBot would be their daily take profit. Should the FXMasterBot be functioning on auto pilot and generate a predetermined value of capital gain through winning investments, the FXMasterBot will discontinue investing throughout the remainder of the day to ensure that overtrading does not occur.

Reverse Trading

This unique investment setting allows traders the ability to have the opposite investment signals triggered by the FXMasterBot to serve as their delivered trading signals.

Max Daily Trades

Active investors who utilize this software are able to further exercise their risk management options by limiting the total number of investments that the FXMasterBot can conduct within a set investment period. Once the FXMasterBot software generates that set volume of investments, it will no longer execute any further investments.

Max Concurrent Trades

Traders are able to manipulate and determine the amount of consecutive investments that can be executed and placed by the FXMasterBot software. Operating as another risk management feature, investors are essentially able to effectively control the risk allotted by properly managing the FXMasterBot settings.

FXMasterBot FAQ

How do you trade with the FXMasterBot software?

Investors are able to use the FXMasterBot under a manual or automated capacity. Being able to manipulate and manage every trading facet available with the FXMasterBot enables traders to remain in control over the operational components of this software while efficiently reducing risk.

What is the FXMasterBot Leadership Board?

The FXMasterBot leader board is an inviting and competitive element integrated into the FXMasterBot software. Enabling traders to accumulate points based upon their set multiplier, trade volume, deposits and withdrawals those who reflect a strong leaderboard position are eligible to win additional cash prices and increase overall profit. Below are the set calculations used to determine leaderboard position:

Leaderboard Formula

Trade Volume x Multiplier + (deposits-withdrawals) = Points

Example 1 – Trade Volume of $500, Initial Deposit of $500 with $100 Withdrawal. Investor reflects an Expert account package so his leader board multiplier is 2x.

$500 (trade volume) x 2 (multiplier) + ($500 – $100) = 1,400 points

Example 2 – Trade Value of $5,000, Deposit of $1,000 with $500 Withdrawal. Multiplier is 3x for Master account package.

$5,000 x 3 + ($1,000 – $500) = 15,500 points

Leadership board restarts every month so more investors are given the opportunity to earn additional cash prizes.

Is FXMasterBot mobile trading compatible?

FXMasterBot is a fully functional web-based software which means that as long as you possess an Internet enabled device then you will be able to effectively use the FXMasterBot at home, on the go or on your mobile device.

Is FXMasterBot a software developed by brokerages?

FXMasterBot is an independently developed investment application that was not created by investment brokerages. Functioning with various regulated brokerages, FXMasterBot is one of the most credible and trustworthy trading solutions for online investors of all experience levels.

Does FXMasterBot offer a free demo account?

Yes, FXMasterBot offers a no-obligation demo account that is available free of charge.

How can I contact FXMasterBot support?

FXMasterBot does not offer a live support chat or immediate method of communication since they solely operate as an intermediary software solution amongst forex brokerages. Investors who need to contact their support though are provided the means once they acquire for their demo account or active account through their site.

What kind of online investing is supported with FXMasterBot?

FXMasterBot is compatible with the foreign exchange industry, so investors who utilize their software are able to invest currency pairs. Trading can be done on desktop or on a mobile enabled device that supports an internet connection.

Can one really supplement their income with the FXMasterBot auto bot?

An investor can not only effectively supplement their income but do so on a consistent basis as long as they utilize the FXMasterBot in an effective manner that will allow them to minimize risk and optimize their earning potential. Applying market knowledge while analyzing the technical analysis charts in the software’s visual solution can enable investors to employ correlational analysis in relation to generated signals in a manual investment mode to serve as a confirmation method. Otherwise, investors can utilize the powerful automated mode and manipulate the desired settings they wish to be active.

How do I get started with FXMasterBot?

There are a couple of different ways that an investor can get started with the FXMasterBot. While traders can elect to enroll with 1 of their 3 account packages we advice prospective investors to get started with the Free Demo Account available at FXMasterBot. Not only will you be able to better acquire an understanding of how the platform functions before committing but you can grow more efficient with the functionality of the software when it is time to go live with their software.

For investors who elect to enroll with both a demo and live account package, all one must simply do is register for an account at FXMasterBot and sign up with one of their appointed licensed and regulated brokerages. After the sign up and verification process has been complete one will be able to effectively utilize the software under a manual or automated capacity.

Which brokerages are FXMasterBot compatible with?

FXMasterBot is solely compatible with forex brokerages that are CySec or ASIS regulated. For the time being, FXMasterBot is compatible with 24Option, OT Capital, Trade Financial, EuropeFX, iTrader and other select licensed brokerages.

Is FXMasterBot suitable for newbie day traders?

Although FXMasterBot was engineered to operate as an effective trading software for investors of all experience levels, we never advise novice traders to utilize an investment software. Lack of experience oftentimes leads to the encroachment of risk reduction measures that tends to get neglected due to a novice investors inability to effectively employ an experienced trading psychology.

Is FXMasterBot a scam?

FXMasterBot is a legitimate investment solution for online investors and is not a scam. Unlike other shallow review sites that will go on to proclaim that FXMasterBot is a scam with no transparent evidence, FXMasterBot is one of the select few trading software that is accepted and compatible with regulated brokerages.

While other review sites will promise you that this software is a scam, we urge you to consider the fact of how none of those reviews include deposit records or past portfolio performances. In fact, if you took the time to investigate, you will notice how ill-founded and incomplete their verdicts truly are regarding the FXMasterBot. Last but not least, realize that they solely recommend alternative software that are compatible only with brokerages that are not regulated or licensed like FXMasterBot.

How many active investors are using the FXMasterBot software?

We believe it is safe to estimate that FXMasterBot is an online investment software used by a couple hundred of investors world-wide. Supporting over 50,000 monthly visitors on average while being the subject of praise by many investors across the web, it is safe to say that due to FXMasterBot’s compatibility with only regulated brokerages that is it quite popular and will only continue to grow in popularity down the road.

Which demographics does FXMasterBot not currently accept?

FXMasterBot operates solely with regulated and licensed brokerages which has resulted in some demographics not to be currently accepted. Among the current demographics not available for the time being would be the United States, Israel and possibly Canada. The introduction of new qualified and regulated brokerages has been the subject of discussion across the web which likely means that FXMasterBot will likely be accepting currently unsupported demographics in the future.

FX Master Bot Perk

Popularity displayed a SimiliarWeb global rank of 1,299,476 with a South Africa rank of 82,355 as of February 4th, 2018. Experiencing a surge in popularity, FXMasterBot supported over 53,000 visitors in December 2017 (when the software was made available) while over 32% of the sites visiting traffic came from visitors residing within South Africa, Lesotho and the United Kingdom.

Can FXMasterBot be Trusted?

FXMasterBot functions with fully licensed and regulated brokerages which greatly increases this softwares credibility and trustability. Allowing investors to control their various risk settings while remaining in complete control of the software enables this solution to be classified as one of the few trustworthy online trading softwares available as of 2018. Review Conclusion

FXMasterBot is perhaps one of the few available online investment software that is not operating in an illicit partnership with fraudulent and vile unregulated brokerages. Operating solely with regulated and fully licensed brokerages, FXMasterBot finally adds some well-needed credibility and legitimacy to the auto trading community. Empowering users with full functionality controls while being able to manipulate several facets regarding risk reduction measures, FXMasterBot is the perfect solution available for investors looking to make more educated investments.

Functioning as a web-based platform, investors are able to utilize the FXMasterBot software on any internet enabled device while partaking in a competitive leaderboard competition as a way to earn additional cash prizes through their investment practices. For investors who are interested in giving the FXMasterBot a shot, we encourage you to sign up with their obligation free demo account prior to utilizing their platform in a live investment scenario.

FXMasterBot FREE Demo

Stabilis Lucra is a SCAM!! Shocking Review! :(

We have written an extensive review on the Stabilis Lucra scam with the intention of illuminating Forex traders to the dire situation concerning the alleged “award winning” Forex robot. Due to the glamorous presentation of this imperfect software, the perceived fail safe EA, could potentially go viral thus causing a multitude of traders to suffer serious losses. Ensure you read this review carefully and arm yourself with the facts concerning the Stabilis Lucra scam & realize that not all that glitters is gold.

Stabilis Lucra, meaning ‘steady gains’ in Latin, is a new Forex trading app crated by David Jukl and officially released to the public on the 16th October 2017. On their website, they proclaim the product to be a quadruple awarded Forex robot, with a verified, real money six figure performance. In addition, Andrew Nathan, the narrator of the pitch video, proudly states that the bot has not lost in the past 3 years. WE will not be going into detail about what this Forex software offers it’s clients or even how it supposedly works. That is not the reason for this review. Our objective is to highlight all the reasons you should be wary of David Jukl’s scam software.

First & foremost, any Expert Adviser or software, which claims not to have lost in the past 3 years, should be heeded as a severe warning. This is known as providing misleading information. No fail-safe, or guaranteed software exists nor will it ever exist. The markets do not allow for it. For the creators of Stabilis Lucra to promote this as a risk free investment product is insidious. There is no such thing as risk free investment.

One thing we did ascertain is that David Jukl, a Czechoslovakian man, is in fact a real person. He is known on a small scale for programming trading software. He has a Facebook account, although it is surprisingly bare and a LinkedIn page. This is definitely a new angle as generally scammers always try to conceal their identity or create fictitious characters when creating and marketing their various scams. This is done for many reasons with the main one being escaping the wrath of authorities and avoiding consequences such as fines or prison sentences. We simply could not fathom why David Jukl would now want to throw his name away promoting Stabilis Lucra scam software and risk possible sentencing. Especially considering that he has a wife and kids. Whatever reputation he previously held is now destroyed. Alternatively, he simply values money over his name & reputation.

Furthermore, do not be fooled by the supposedly prestigious awards displayed on their website. Forex Expos are by no means considered a measuring tool for the credibility of products or brokers. Anyone can enter and participate in these expos for the right price. They are merely a meeting place for services to showcase themselves and acquire new partnerships as well as gain exposure. Scam brokers as well as other players in the industry such as app developers sponsor the majority of these events, including their meaningless prizes. A perfect example of this would be Sakura FX Trading. They were present at the same 2016 China Forex Expo in Shenzhen as David Jukl’s Stabillis Lucra scam and were awarded best Forex Broker 2016. In January 2017 Sakura FX Trading, a well-known scam broker – shut down their website and disappeared with over several million dollars of investors’ funds. Awards handed out at these expos would be better named the 2016 Forex Fraud Awards. These events are filled to the brim with scam brokers and software’s. Let this serve as another red flag concerning Stabilis Lucra robot, they are relying on those awards to convince you of the legitimacy of their software.

While conducting research for our Stabilis Lucra review, we noted a few other serious concerns regarding the scam app. For starters, one of their recommended brokers is InstaForex. This broker possesses an exceedingly horrible reputation and is known for defrauding its clients. Both the Ontario Securities Commission and the The Autorité des marchés financiers (AMF) have issued official investors warning against this broker. InstaForex used to be licensed by Belize IFSC, however as of October 2013, they no longer held a license with them. Although they tried to claim that it was a voluntary resignation, the majority of the industry believed they were thrown out. Moreover, even though Stabilis Lucra has supposedly been around since early 2016, testing their software and receiving scam awards for it, we find it strange that the domain was only registered on the 27th March 2017 and as is common with scam sites it was registered privately.

Review Verdict: Stabilis Lucra is a dangerous Scam!
Blacklisted Site:

Get a refund from scams with

We sincerely hope that our detailed Stabilis Lucra review is read and shared by as many traders as possible before they are caught up in the misleading glitz and glam of this dangerous Forex software. Forewarned is forearmed in this case and you can rest assured that any dealings with the fake app will be detrimental to the financial health of anyone unaware of the truth we exposed here today. Share your feedback and questions below this review and we will be glad to assist you with any inquiries.

Liberty BTC System is a SCAM; Unbiased Review!

Make no mistake, the Liberty BTC System by Kyle Stanford is a scam! We have been receiving many enquiries into the supposed cryptocurrency auto-trader and our research shows this is not a legitimate trading system. Bitcoin and other digital currencies have become very popular over the last few years, with everyone racing to acquire or invest in them. This in turn has created a new market for the scammers too. Our honest Liberty BTC System review shows exactly why you should avoid this latest crypto bot scam.

Liberty BTC System aka Liberty System, found at, claims to be an automated cryptocurrency trading program which promises traders a guaranteed profit of $5000 per day on complete autopilot. Kyle Stanford states that his proprietary software is designed to help people escape the everyday rat race and start enjoying unlimited time and freedom. In terms of how the crypto bot works, Kyle claims that the new crypto bot has combined proprietary equations & robust algorithms to achieve perfect results. That is the only information provided & already this is a problem because no trading system or software is perfect. Upon hearing the words ‘can never lose’, we know we are dealing with a scam. Even the most successful traders occasionally lose a trade, 100% success rate is simply impossible.

Let us get straight to the facts about Liberty BTC System scam and why you should avoid it. First of all, on their website, Kyle Stanford claims to be the head of operations. We are also going to assume that they want us to believe that he is the voice on their low budget video presentation. It turns out however, that the alleged Kyle Stanford is a fabricated identity. The image you are seeing is actually a stock photo from ShutterStock. Consider this a major warning sign. There can be no good reason for a company or service to conceal their real identity.

There are many other factors about Liberty BTC System that can be considered as red flags. Such as the fake countdown timer in the top right corner of the page. This is used as a pressure tactic in order to convince visitors that if they don’t act fast they will lose out on this amazing offer. The scammers do not want to give you time to think about the offer as they will most likely realize that it is not something worthwhile investing in. At the end of the day, it doesn’t mean a thing because each time you refresh the page the timer starts all over again. Two of our readers who emailed us also stated that their computers were infected with Malware upon downloading Liberty BTC System. We happened to find a warning related to this on Terms & Conditions page. There is a disclaimer stating they will not be responsible for viruses or worms that occur as a result of downloading anything from their site. The website is not SSL protected so we would advise you against having too much interaction with it or downloading Liberty System software. Yet another red flag has to do with the fact that there is absolutely no contact or company information on their website other than a support email. This is typical of a scam. You should never invest in a company or service when you have no idea who legally owns or runs the service as a golden rule, legitimate services do not operate in this manner.

Further proof relating to the Liberty system scam can be found in the form of their address. The address they provide at the bottom of their terms and conditions is listed as 1000 5th St., Suite 200 Miami Beach, FL 33139. While gathering information for our Liberty BTC System review, we realized that this is actually just a virtual office which anyone can rent for as little as $50 a month. Other known scams have utilized this same address in the past. You might think that by now there is nothing more we can say about the scam tactics used by this fake app. Unfortunately, there is still more evidence to be added to the pile. The testimonials you see on their home page are all fake. A simple Google image search proves that these people have nothing to do with Liberty System, as matching images can be found online in connection with other sites that are not associated with this fake cryptocurrency trading bot. See image below for proof of this.

Additionally, we discovered through our Liberty BTC System scam investigation that the person who registered the website Is called Anton Kovalev from Vison Corp. The contact address listed is Koroleva str. 19-2, Kiev Ukraine. Phone +380.380936584638 & email: [email protected] Even though the domain reads on the page, we noticed that during the video it is displayed in the background as which is the same as the information returned on WhoIs. The site was registered in the 22nd July 2017 with Public Domain Registry (PDR LTD).

Review Verdict: Liberty BTC system is a Scam!
Blacklisted Sites: &

Read our My Charge Back Review and learn how to recover your money!

If you consider the mountain of evidence provided in this review there can be no doubt out our conclusion regarding the Liberty BTC System. Do not risk deposing any money with this scam as it will surely lead to guaranteed loss of all your investment. Be sure to do your research before deciding on a software or alternatively comment below and make an enquiry. For safer alternatives in online trading, be sure to view WatchDog’s Recommended Signals services. Share your feedback below if you have any related questions or feedback on this service or similar scam sites.

Cash 365 is a SCAM; Evidence based Review!

The Cash 365 scam is one of the latest attempt to steal money from unsuspecting day-traders. Pay close attention as we detail all the reasons why you should avoid this fake app in our factual review. This supposed software is not licensed or regulated and the claim of making you $1,857, 93 per day is beyond ludicrous. Investing in this automated fraud will not earn you any of the profits promised to you.

Yet again, we are faced with a phony binary options software the likes of which we have seen and exposed plenty of times before over the last couple of years. However, it is still of the utmost importance that we continue to try and raise awareness of each and every single scam to hit the market in order to help the trading community. The Cash 365 software money making scheme and similar services are designed purely to take your money without any returns. Do not fall for the dream of earning boatloads of cash for free.

It was abundantly clear right from the start of our investigation that the Cash 365 scam is targeted at newbie traders. By now most experienced traders would be able to pick up on some of the scammers tactics. Cash 365 is supposedly an automated binary options robot which will literally make you rich overnight by earning millions of dollars while you sleep. The voice narrator in the pitch video that can be found at claims that this is a bullet proof system and was developed by mathematical mastermind and master Wall Street trader. What they don’t tell us is who these masters are. He also states that Cash 365 was kept under lock and key for 10 years, after which, on the 15th March 2015 it was put in the hands of normal everyday people turning them into millionaires. We wonder how this was possible though because according to the information on WhoIs, the website was only registered on the 2nd February 2016. Something clearly does not add up here. We also saw on the WhoIs results that the site was registered by David Signori, who listed his contact information as Ricardo Aranda 165, Surco, Lima, Peru. His phone number and email address can also be seen on the image below. Maybe David Signori needs to explain himself to a few people.

We began the research for our Cash 365 review by examining the pitch video on the produced website, which starts off with a man saying that the software has pulled in over 9 million dollars for him so far and that he paid absolutely nothing for it. We can assure you this man has never traded with the fishy website or even seen the platform. He is just a hired actor. Additionally, we are told to listen to other success stories of people who have traded with Cash 365 app. Make no mistake, all these wonderful so called success stories you are hearing are fake. None of the people you see in the video have ever executed one single trade with the lousy excuse for a day trading app. Everything you hear they have been told to say and are paid for it. These are actors from We could easily end this Cash 365 review here but there is more that potential victims need to be made aware of.

In addition to the fake members of Cash 365 software, there are also false testimonials on the domain This is all proven by conducting a quick Google image search. Just look at the image below for evidence of this. Now lets look at the cash 365 scam from a logical standpoint. If this software was really making 475 people $1,857,93 per day, 365 days a year, don’t you think it would of made news headlines by now? Moreover, why would a powerful software, made by Wall Street master traders and mathematicians, which is proven as functional and consistently profitable, be given away for free? None of it makes sense does it? That is simply because cash 365 is a scam. This is without mentioning the fact that aside from the name of the person who registered the site, there is no information on the founders, developers or employees found on the site. They do not even list an office address. No legitimate investment based company would present any of these kind of tactics. Do not fll for the fake badges displayed at the bottom of their home page either, these are not clickable and don’t exist. They are put there to instil a false sense of security. Even the Social Media buttons are fake. You can click on them but nothing happens.

Review Verdict: Cash 365 is a Scam!
Blacklisted Site:

Similar viral fraud sites to avoid:

Binbotpro, Trend Catcher, Ethereum Code

We would honestly love to know how they achieve this considering that the markets are closed over weekends. This combined with the rest of the evidence presented in our Cash 365 analysis leaves us with no choice but to blacklist this software as a dangerous scam. We urge all traders to avoid this app and its dreadful website. Please share your feedback or questions below if you have any experience with any of the above scams, or with one of the brokers involved. For those who lost money, we highly encourage you to visit our My Charge Back Review and learn how you can recover your funds!

BinaryMate is a SCAM!

This conclusive BinaryMate review is the third and final part of our recent in-depth investigation into the menacing syndicate operating a network of binary options scam brokers. We have gathered a large amount of damming evidence against the BinaryMate scam, which will be laid out in the review below. We sincerely implore the trading community to read this review and be sure to obviate from any contact with Investing with this broker or any brands within their network, will only lead to serious financial loss,

BinaryMate is an online binary options and CFD broker, who opened their doors on the 11th August 2015. They offer much the same as their sinister sister brokers Binary Cent & Finrally. They utilize a customary in house proprietary web-trading platform and require a minimum deposit of $250, with guaranteed 1-hour withdrawals. What they offer their traders is not conducive to this review, as we certainly do not wish to promote them in any form. We are here solely with the purpose of deterring traders from engaging with BinaryMate. During our investigation into the corrupt company known as Finance Corp Group (FCG), which is located at 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu, we discovered that they own the brokers mentioned above, including the BinaryMate scam. FCG has been clever in distancing themselves from these online scam brokers by hiring different firms to operate and manage the various brokers. In the case of, a company called Affort Projects S.A operates them. This company lists their address as 306 Premier Building, Albert Street, Victoria, Mahe, Seychelles. It may be of interest to you to know the same company operates Finrally broker. Just look at the screen shots below taken from the user agreement of each site.

If you missed the first two parts of our investigation, you can catch up by reading first BinaryCent and then Finrally. Additionally, the BinBotPro scam software was also found to be involved. As this BinaryMate review is the conclusion, we have further proof that these three brokers are one in the same. All of them promote having the feature of a live video chat that is available 24/7 for support. What may come as a surprise is that while conducting research into the scam, we noticed that the exact same women were online at the same time on all three sites. This proves beyond question that all three scams brokers are actually the same, and are not independent of each other at all. It’s like one big scam family. The screen shots comparison below will prove this. Furthermore, as if this discovery isn’t bad enough, Binary Mate offers weekend trading just like the other two. Yes, you heard right, weekend trading. As the stock market is closed over the weekend and trading is not possible, at least not legitimate trading, we were left wondering how it is possible that the BinaryMate scam can offer this. We decided to ask this question while we had the various chat screens open. In all honesty, the reply we received from all 3 brokers, which was exactly the same and from the same woman, was as much a joke as the weekend trading itself.

BinaryMate is an unregulated broker. They do not hold the necessary licenses to operate as broker from either the SEC, CYSEC or ASIC regulatory bodies. You may come across certain promoters of this scam claiming that the Parent company of BinaryMate, Finance Corp Group, are registered in Vanuatu. Do not let this offer you a false sense of security. Vanuatu regulation requirements are not as strict as other countries and are known for harbouring many offshore companies due to its reputation as a tax haven. Additionally the cost of a license in Vanuatu is just $2000, which is the minimum capital requirement for brokerage firms set by the VSFC. The cost of a CYSEC license for example is upwards of €730,000; this number alone serves to deter any scam brokers who’s in it to steal money and re-brand.

Since Watchdog began posting the first reviews concerning this criminal network of scam brokers, Our email inbox has become inundated with stories from traders all over the world on how they were scammed by at least one of these brokers and asking us for advice on what to do about it. In relation to BinaryMate, the number of complaints is now well into the hundreds. While each person’s story is just as important as the next, we simply cannot mention each and every one in our BinaryMate review. What we can do is summarize though, as a lot of them are similar in nature. The most common complaint and tactic we noted they use to steal money was price changes during placement delays. In fact, BinaryMate scam platform has become quite famous at delaying acceptance of trades which ultimately cause the traders to lose as they were unable to hit their required strike rate. Another common complaint traders mentioned is that the platform would suddenly ‘update’ during the middle of placing a trade. This results in being logged out of the account. By the time customers are able to log back in, the trade has gone the wrong way.

Review Verdict: BinaryMate is a Scam!
Blacklisted Site:

Visit our My Charge Back review to learn how you can recover your money!

We hope that this BinaryMate review has been able to put together all the pieces of the puzzle for you, so you can clearly see how getting involved with them is damaging to your financial health. The people behind BinaryMate scam as well as their sister brokers have created a sophisticated and complex operation whose sole purpose is to steal from innocent and unsuspecting traders. For the sake of our community we urge anyone who has had any issues with or been scammed by the network of scammers , to openly share their experiences in the comment section below. The more people who read this review and share, the less can continue to harm investors. Visit Watchdog’s Trusted Brokers for regulated and reliable alternatives.

Finrally is a SCAM!! Investigative Review!

After a complete review of all the evidence and honest testimonials, we decided to fully expose the Finrally Scam operation! and We at Watchdog are currently in the middle of an investigation into an offshore company running a network of seriously damaging scams. On Tuesday, we released the first part pertaining to the Binary Cent scam. This Finrally review is the second chapter in the ongoing saga. We implore all active day traders around the globe to abnegate from any form of financial undertakings with

Finrally scam broker appeared online in the binary options industry in early March of 2017. They offer binary options and CFD trading. The minimum deposit is $250 and they offer bonuses up to 100%. Out of all the broker related parties involved in our investigation, the Finrally scam is the only one who offers Fixed Income Accounts. Another feature we noted which was first implemented by sister broker BinaryMate & obviously due to popularity, was then quickly adopted by Finrally, is the Live Video Chat with Real Girls feature. This naturally peaked our interest and out of curiosity, we opened a chat screen. We were a given a choice between three ‘girls’ and decided upon Vanessa. Now, even though ‘Vanessa’ responded promptly and as attractive as she may be, the question here is; Is this really the type of feature you want to look for in a broker? Now let’s get to the sinister facts!

Finrally is Actually Finpari Undercover!

The website was registered on the 9th February 2017, and as we see in most scam cases it was registered anonymously. However, we did manage to find out that Finance Corp Group (FCG), which is based in Vanuata, owns it. This same company owns Binary Cent, for more information on them, read our Binary Cent review. Although Finance Corp Group own these companies, they do not operate them. Instead, they employ external companies to manage them. The difference in the Finrally scam is that we came across four different firms found to be in connection with them. They are; 1) Lerona Impex S.A, located at 306 Premier Building, Albert Street, Victoria, Mahe, Seychelles, with company registration number 114612, 2) Norske Inter LP, located at Suite 1, 39 Dee Street, Aberdeen, Scotland, AB11 6DY, with company registration number SLO20287 3) Affort Projects S.A, located at 306 Premier Building,, Albert Street, Victoria, ,Mahé, Seychelles, no available company registration number. 4) Suomen Kerran LP, located at Centre Office, 58A Broughton Street, Edinburgh, EH1 3SA, Scotland, company registration number SLO25219. We are not sure how exactly each one is connected but if you search out any of these addresses, Finrally broker dominates the results. We do know that the company Suomen Kerran LP, operates Binary Cent. As it stands, if you look at the address of all these firms you can already pick up uncomfortable similarities.

For those of you who have been around for a while you may remember the broker Finpari. Some of the addresses mentioned above were found to be in connection with Finpari too. This brokerage became famous for being a scam by running Ponzi Schemes, having unethical business practices and illegally soliciting USA traders. In fact, in 2016 was involved in a court case with The Enforcement Section of the Missouri Securities Division of the Office of Secretary of State. On the 29th April 2016, the Enforcement Section opened an investigation into Finpari. They created a ‘Decoy Identity’ and managed to open a trading account even though they were based in Missouri, USA. They were subsequently served legal documents to appear in court on charges of violating Sections 409.3-301 and 409.6-604. Of the Missouri Securities Act of 2003. The respondent in this case, on behalf of was Lerona Impex S.A (same company found to have connections with Finrally listed above). The respondent chose to not only waiver their rights to a hearing, but also to neither admit nor deny the allegations and instead chose to consent to the Commissioner’s findings. The final verdict by the commissioner was this; Lerona Impex S.A d/b/a Finpari and is permanently enjoined and restrained from offering and selling unregistered, non-exempt securities in violation of 409.3-301. In addition to this ruling, they also received a fine. Both The Autorité des marchés financiers AMF – Blacklist which is the stock market regulator in France and the Cyprus Securities and Exchange Commission (CYSEC) released announcements warning investors with a list of websites that were unregulated and not authorized to offer investment services, CYSEC – Warning. is present on both those lists. It was after the court case that Finpari closed down and a few months later Finrally was born.

The fraudsters have obviously not learnt their lesson though as it is abundantly clear that Finrally scam is identical to its predecessor. They have the same home page, the same guaranteed ‘1 hour withdrawals’ the same weekly trading contest. We even found Finpari’s logo on the FAQ page of The two brokers are identical. The only thing that is different is the name and the logo. At the time of writing this review, Finrally have listed Affort Projects S.A as their parent company under the Finrally user agreement. Obviously, they cannot list Lerona Impex S.A after the court case, as that would be the height of stupidity. What is interesting though is that if you go back to earlier in our Finrally review, you will see that both companies are located at the same address. Finrally is also an unregulated broker. They do not hold licences with either the SEC, CFTC, CYSEC or ASIC.

Furthermore, we recently uncovered that the Finrally scam broker is also accepting traders from within the United States. Even though they claim on their website that they do not accept traders from the USA, we found this to be a false statement. Finrally has in fact been accepting USA traders through the BinBotPro scam software. You can read about it in our BinBotPro review in details. It was actually this discovery that started our investigation into the syndicate we now know to be operating Binary Cent, Binary Mate & Finrally. All 3 fraudulent, unregulated brokers are associated with the BinBotPro app.

Review Verdict: Finrally is a Scam!
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My Charge Back can help you recover your money from scams:

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After carefully considering all the facts presented here in our Finrally review, there can be no doubt that the Finrally scam broker is actually just Finpari undercover. The syndicate involved in running this criminal network, has gone to great lengths weaving intricate spider webs in an attempt to cover their tracks. However, the truth always comes out eventually and Watchdog is doing whatever we can to see that it does. You can do your part too by helping us in sharing this Finrally review online and spreading the word about this massive scam. If you have had any experiences with or been scammed by Finrally, please feel free to share your story in the comments below. Be sure to Visit Watchdog’s Trusted Brokers for regulated Forex, CFD, Binary and Crypto alternatives!

Trend Catcher is a SCAM!

Do not make the costly mistake of falling for the Trend Catcher scam. This a second rate service produced by experienced scam artists whom we’ve had the pleasure of exposing in the past and will gladly do so again. If you are considering this software as a viable means to help you profit in your trading endeavors, we suggest you read our candid Trend Catcher review to save yourself both time and money. Concrete evidence on scam will be provided below.

Upon visiting the rather bleak site, we are shown a short pitch video about the software, which is presented by an anonymous smooth talking presenter named Jim. It comes as no surprise that Jim is faceless. He also has no last name. He does however claim to be the creator and/or owner of Trend Catcher scam software. With no face and no last name, we cannot verify who he really is or if the man is trustworthy. In all likelihood, ‘Jim’ is just a cheaply hired voice over artist from the market place.

Trend Catcher is purported as an automated Forex trading software, with a smart algorithm designed to catch small trends using moving averages and other indicators. That is the only information provided on how Trend Catcher supposedly works. Additionally Trend Catcher claims to have a winning rate of 87.4%. Although this is only slightly higher than normal, we distrust their claim, as there is no proof provided to us in the form of credible trade histories for example. Potential customers are also told that Trend Catcher software can earn them $270 per day or $8000 monthly and that there is no risk involved. Apparently, the trading app will not place a trade unless it knows for certain that it cannot lose. Already this statement irritates us, as that is an outright lie. There is always risk involved in trading, no matter your experience level or what software you use. Risk associated with trading can be considered as an occupational hazard. Here is your first warning sign that you’re dealing with bogus software. Believing you cannot lose is a risk in itself.

Another point of concern noted on the Trend Catcher scam site is the obvious lack of information. No contact details such as a company address or telephone number are listed anywhere on the site. You are just expected to sign up by entering your email address and are immediately directed to one of their associated brokers. By the way, although Trend Catcher software is advertised as free, you still have to deposit a minimum of $250 with your assigned broker. If you already have an account with a broker and simply wish to acquire this ‘free’ software, you will soon find this is not possible. In terms of the lack of contact and identity related information, we also noted that their website was only registered on the 6th August 2017 making the site only around two months old plus it was registered privately. If you combine these factors together, you really have no clue who you are dealing with here. The person who designed the Trend Catcher scam could be sitting somewhere in his mother’s basement and running the whole stinking operation for all you know.

Perhaps the biggest piece of evidence we uncovered for our Trend Catcher review, is the fact that whoever is behind it, is responsible for another previously exposed scam known as Google Trader. Clearly, this scam producer is lacking in intelligence or they are just super lazy. The connection between Trend Catcher & Google Trader was not hard to form. Firstly, the layout of both sites are remarkably similar. In fact, they are almost identical. Secondly, the fake testimonials used for Trend Catcher are exactly the same as the ones used for Google Trader. The pictures and words have not changed. All they have done is replace the name of the scam. Look at the images below for undeniable proof.

Moreover, although the images of the people you see supposedly giving their testimonials appear as if they originate from Facebook, the more logical scenario is that these images have been stolen. In fact, we can prove it. The first picture you see is a woman named Tohloria Lewis. She is a real everyday woman with a legitimate Facebook profile. Unfortunately, her profile has been hacked and this fake profile with her stolen images is being used to promote all types of scams not just the Trend Catcher scam. From weight loss pills to beauty creams and now apparently Forex software. You can verify this for yourself by visiting this article or by checking out her real Facebook profile ( where she has to continuously tell people that it is not her that is endorsing all these fake products. If you reached this point, reading our Trend Catcher Review, you would have no doubt that signing up would be a detrimental financial mistake!

Review Verdict: Trend Trader is a Scam!
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Viral Scams you should avoid – complete reviews:

BinbotPro review, Bitcoins Wealth Club Review, Ethereum Code Review

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Visit MyChargeBack Review for more information!

The evidence we have provided in this Trend Catcher review goes to show that this trading app is not to be trusted. The simple fact that they have to go to such great lengths to fake testimonials of their product in addition to providing no information on who created or owns the supposed automated Forex software should be enough to deter you from signing up and depositing any money with them. We encourage day traders to avoid this fake app at all costs. Be sure to share your comment concerning Trend Catcher if you made a mistake and depositing money with any of their unregulated brokers and help us deter other potential users who might trust the email marketers and other scammers who chose to endorse this virtual, automated stealing machine.

Binbot Pro is a Criminal SCAM!! Real Review!

Binabotpro is a scam beyond any reasonable doubt and we have all the evidence you need! It is of critical importance that you read this BinBot Pro review carefully. We have come across some disturbing information about this extremely dangerous binary options scam and if you are associated with you could potentially find yourself in a lot of trouble. We urge all traders to consider the facts provided in our review below for their own safety and peace of mind.

Binbot Pro is an automated software for trading binary options that allegedly uses up to 20 different robots, each with their own supposed unique combinations of indicators and success rates. The software scam has been around for many months now as we discovered the site was first registered on the 7th July 2016. How they have managed to stick around for so long with their sickening scam Is beyond our comprehension. Additionally, as we find with most scams, the site was registered anonymously. By now you should know that this is highly concerning, especially when it comes to investments. Right off the bat we are left with questions as we have no idea who actually owns and created the nauseating scam site. Furthermore, upon visiting the site we noted that BinBot Pro does not provide their potential customers with any information about who is actually behind the robot or who created it. There is no presentation video showing the CEO or founder of the software, there is no contact page detailing support information, telephone number or email address. There is literally no information available at all. For a site pertaining to investments, this is quite disconcerting to say the least. Do you truly know with whom you are making a deposit to here?

Instead of the usual pitch video, we are presented with a video demonstrating user’s experience with the robot. I suppose it should come as no surprise that once again we have no idea who is presenting the video. All we see is a screen recording of an unknown man allegedly trading with the BinBot Pro scam software and of course making profits. Unfortunately, what you are being shown is not a live account. It is a demo. As in most scam cases the demo being used to trade with is rigged to show consistent profitable results. When you finally trade with a live account things go horribly wrong. While on the topic of demo trading accounts, it is important to mention another tactic in which the BinBot Pro scam entices traders into depositing money with them. As has been seen before in other previously exposed scams such as Automated Binary Systems and Option Robot, which by the way is almost identical too. After registering on their site, they offer you a trial version of the software so traders may test the auto-trader before depositing any funds with one of their associated brokers. This is nothing but a demo account set up exclusively to show only winning trades. Once the trader sees the fake profit accumulating, they feel confident enough to make a deposit and start trading live. However, as many users have reported, the live version is the complete opposite of the trial and most traders are left with an account balance of zero within days.

Although the above matters are concerning we have uncovered even more alarming information. The main purpose of this urgent BinBot Pro review is to protect traders. While conducting extensive research on this scam software we noted that the fraud website is marketed as being available in all countries including the USA. In fact, the most common marketing ine we see everywhere is ‘BinBotPro Software Available in USA & Canada’ this is in fact 100% illegal. The reason for stating that Bin Bot Pro is operating illegally is as only regulated binary exchanges such as are legal in the United States. The brokers found to be in association with are not licensed by the Commodity Futures Trading Commissions (CFTC) or the Securities & Exchange Commissions (SEC). The brokers we found to be currently accepting US residents who signup with BinBot Pro scam are Binary Cent, BinaryMate and Finrally. Both of these binary options brokers are unregulated. In fact, most brokers who operate outside the US are registered with either the Cyprus Securities and Exchange Commission (CYSEC), or the Australian Securities and Investments Commission (ASIC), Binary Cent, BinaryMate & Finrally who are known scam brokers don’t hold any of those licenses. Therefore, they are illegally soliciting and accepting funds from United States citizens.

BinBotPro Review Verdict: BinBotPro is a Scam!
Blacklisted site:
Blacklisted Brokers: Binary Cent, BinaryMate & Finrally

If you take the time to consider all the facts and information we have laid out in this BinBotPro review, you will understand why we are listing this binary options robot as one of the most dangerous scams we have come across to date. It is no wonder whoever is behind this fraudulent software is overly secretive of their identity. Anyone involved in an illegal operation on such a high level would also be hiding. Furthermore, any persons found to be promoting this fraudulent service should also be concerned as they too can face legal ramifications for soliciting US citizens to unregulated brokers and trading with BinBotPro scam software.

Don’t let scammers get away with your money. will help you get a refund! will do our part in raising the alarm and notifying the relevant authority organizations such as the CFTC, SEC, IC3 and maybe even the FBI in order to try and bring this entire criminal operation to a grinding halt. However, we need the help of the trading community as well. You can do your part by also reporting this to the relevant authorities as well as sharing this review everywhere so as to prevent any further traders falling victim to such a disgusting scam! We encourage you to share your feedback related to this software and brokers, as well as any related services.

Our most recommended alternative would be FXMasterBot!

Israel Labor Party Member arrested for Tax Evasion related to Forex!

On September 27th, the Israeli Tax Authority released a statement regarding the arrest of Lawyer Nizar Alimi, a member of the Labor Party in Israel. His arrest by the Israeli police was in connection with alleged hidden income and unpaid tax revenues from Forex offshore companies, amounting to 3 million Euro. Nizar Alimi was also an adviser to Isaac Herzog, the former head of the labor party who ran against Binyamin Netanyahu for the role as Prime Minister of Israel in the 2015 election. Since Mr. Alimi is a well-known public figure, there was a gag order to prevent the news from coming out, it was officially lifted since Monday by an Israeli court.

Nizar Alimi was arrested on September 11th, 2017 and accused of running up to 6 Forex companies catering to investors internationally and systematically transferring the unreported profits to international bank accounts, via company employees. Based on court records, he initially registered the offshore company Investment House Limited in 2011. The company was established in the Republic of the Seychelles, a known tax haven used by companies for the purpose of low taxation but often it’s used to evade taxes such as been alleged in this case, in other cases this practice is implemented in order to mask the true identity of companies who wish to remain anonymous. At this point the tax authorities failed to release the names of all companies associated with Nizar Alimi. Based on our independent research we found a blogspot page associated with Mr. Alimi with links to Forex websites and one binary options site that may be under his ownership such as:,,,, The United States CFTC posted a warning against ihoptions for illegally catering to US clients without proper regulations.

Unfortunately, we have a reason to believe that the arrest of Nizar Alimi was not associated with the actual deception and fraudulent activities! In reality the Israeli tax authority got involved due to the alleged attempt to hide 3 million Euros. After all, the arrest was due to tax evasion and Israel police had plenty of chances to step in and arrest those who were involved in the deception of day-traders. Based on endless reviews we’ve seen on Google related to, it’s absolutely clear that the company engaged in shady business activities and deceived their members. These activities didn’t seem to bother any regulators, the police or government officials in Israel, they only got involved once Nizar Alimi was suspected of hiding the unpaid tax money.

It’s really mind-blowing to think that fraudulent, unregulated Forex and Binary Options brokers are in some cases created by public figures associated with the Israeli government. Could this be the reason why Israel let the shady side of the industry remain in operation for years? It’s possible at this point to assume that what is estimated to be a $5-$10 billion dollar a year scam was not only perpetrated by shady businessmen and criminal elements, but possibly also by rogue members of government.

It’s important to note that Nizar Alimi is the only Labor Party member suspected of Tax Evasion related to Forex or Binary Options in Israel at this time. In a previous article, we reported on the arrest of Lee Elbaz in JFK by the FBI in connection with wire fraud and conspiracy to commit wire fraud. Currently she is on house arrest after posting a $1.8 million bail, as she faces years in prison for her role as the CEO of Yukom which operated the unregulated Spotoption broker, and other white-labels. While the Israeli government failed to properly investigate and bring the multi-million scammers to justice, the Feds seem to be closing in.

FBI and Witness testimonials and all details of this case:

The United States against Defendant Lee Elbaz– PDF

Interested to trade Forex, Binary Options, CFD or Crypto? Never trade with unregulated companies, research is mandatory given the large number of scams that are involved in the world of day-trading. Day-traders in the United States must register only with CFTC and SEC regulated brokers such as Nadex! If you are trading from the United States, be sure to visit our complete Nadex Review. If you are trading from outside of the United States, you must still verify that your broker is regulated by a government regulatory body oversight, such as, which is currently regulated by ASIC – Australian Securities and Investments Commission. We posted a detailed High Low Review. In 2017 High Low is one of the few regulated binary options brokers operating from outside of the US, as they are based in Australia. For any complaints, questions or concerns we encourage readers to email us directly at [email protected] or post a comment below.

The Ethereum Code is a SCAM!! Honest Review!

Beware of the Ethereum SCAM auto-trading software, our detailed review will help you understand the true nature of the fraudulent: by the alleged Mark Weston. In reality the guy in the picture presented in the incredibly deceitful video is not a CEO or founder of any type of opportunity. We conducted a quick Google Image lookup and found his picture on several sites with no reference to the fake name or anything relates to this offer.

Here is an example:

The testimonials for the Ethereum Code scam are obviously paid and brought to you by, if you didn’t already guess. The entire production was fishy from the first moment we landed on this site. Fast cars, beautiful houses, talks about loans and hardships and everything else that most people can relate too. It’s nothing new and we’ve seen the same type of fraud being marketed under different names, re-branded over and over again.

Crypto Currencies are definitely gaining popularity worldwide, we’ve seen bitcoin value go up by the day. Real opportunities for investors exist, but wherever there is money and interest, scammers will try to sell you bogus services and products. When you join the Ethereum Code Software, you are not actually purchasing and investing in Crypto Currencies. In reality what’s behind this scam is a network of unregulated binary options brokers, offering underlying digital assets based on the price of the currencies. It’s no different than investing a Gold option or the EUR/USD option. You are not actually dealing with a real exchange, and this is what obviously what you’re not being told.

The purpose of our Ethereum Code review is to ensure that you are absolutely avoid investing in this bogus scam. If you’re interested in Bitcoin and other Crypto currencies, you must do research and learn more instead of falling into websites such as, and similar websites that are clearly taking advantage of those who are not yet familiar with this form of investment.

It’s not surprising to find that this domain was registered on August 26th, 2017 based on, and besides some shady email marketers you will not find anyone sane and credible endorsing this BS. Obviously if  Mark Weston was a CEO of a legitimate company, we would manage to find some information to confirm his identity. Any reasonable, proud owner of a software that can generate thousands of dollars per day, would gladly reveal their true identity and not hide behind a stock image. What else is there to say about the Ethereum Code? It should be obvious to you that any broker that’s involved with this website, is an unregulated scam since they would instantly lose their license if regulatory bodies were to find out of their involvement. Furthermore, The annoying pop-up indicating that this offer is “Free”, is simply another blatant lie. In order to activate the fake “service” you will need to deposit at least a couple of hundred dollars with one of their fishy brokers.

If curiosity got you this time and you decided to give them your phone number, simply hangup the phone and let these people know that you won’t be fooled. In some cases they will continue to call you until you answer so be sure to be firm. You will be surprised how manipulative the salespeople who work for commissions can be, they’ll say and do anything to get you to deposit your money. We’ve been exposing scam sites like the since 2013 and we have plenty of experience in dealing with complaints and disputes. If you require any assistance in dealing with the fraudsters, don’t hesitate to leave a comment below and we’ll be more than happy to assist you. Posting your feedback and experiences can help us deter others from making a big mistake.

Review Verdict: Ethereum Code is a SCAM!

Visit Watchdog’s Blacklist for the complete list.

Crypto Wealth Review – Based on the same deceptive concept!

Interested to become a day-trader? Anyone who is searching for Crypto Currency, Forex, Binary Options and CFD opportunities should make it a mandatory rule to signup with licensed and regulated firms. Regulations provide government oversight, and the reassurance that complaints, withdrawals and other matters will be handled fairly and in compliance with ethical business practices. Before you even start looking at features, platform design and secondary factors, you must do research and ensure that you are dealing with credible websites. Visit Watchdog’s Trusted Brokers for more information on credible investment opportunities.


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