Binary Options Scams

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222 comments on “Binary Options Scams
  1. perfezou guy says:

    can you tell me vat you think off (BinaryOnline ) menny tanks Guy

  2. Gui Hock Kee says:

    Guys, It’s Gui here… Do not go to GIMSYSTEMTRAINING.COM it’s scammer. Through their video it’s so real that you really want to go in. As for me I went in and it’s hell of bull shits with this guy Michael Beeson (Canada) He sent email everyday regarding about his GIMSYSTEMTRAINING content. Within the 3rd week upgrade to 5,000 subscribers and it link to but nothing works in the commissions bar as t’s the 500 subscribers commissions. Followed till 3 months to target the commission $500 then he’ll automated refund. I touched $500 till now it’s not refund before that I sent many emails all can’t reach out. When it comes to lost password or forget password, it’s hell of terrible in this website system no feedback at all. Is anyone there have solution to tackle this Michael Beeson. Thanks!

  3. Gui Hock Kee says:

    What I can say all binary brokers are terrible they suck money.

    It’s not reliable at all.

    Most of them I already tested.

    That’s make me became broke instead of taking their fucking lousy words.



  4. Jimbo says:

    AVOID OPTECK brokers who are corrupt. I was taken to the cleaners.

  5. Maline Hydara says:

    Definitely Wealthy Wheat Trader is a Scam big time….I am testimony right here….as victim of their criminal activities…

    I have believed their promotional clip by a man called Williams Fleming, most certain not the real name….so I went ahead deposited £ 250.00 (pounds Sterling)….on the 02/06/16, 8 days ago…

    After few days as I have noticed they are only making loses instead a winnings….and already have around £60.00…with around £190.00 left…I sent them a message asking for a withdrawal of the remains….which according to their policies it should take at least 10 working days…

    But one day I have received an email…asking for some compliance documents, ID, Bill and Card photo….and sent them all…so I thought my money will back in my account soon….today another email came through asking the same documents sent…

    So I decided to check out the account…and surprised there is now only £6.25 left in it after conducting 31 trades with 12 wins against 19 loses… This is the exact opposite as to what is in their promotional clip…

    I have screenshot my account from their page….there is no ways to upload them here…otherwise I would have done….so that others may see it and not waste their money…
    Account Types
    Education Center
    Market Review
    Contact Us
    Demo video
    21:10:46 GMT 15 June 2016
    Welcome Maline Hydara
    ID 145378
    Balance £6.25

    I am convinced they are alone…

  6. Gary says:

    Whats the scoop on Centument LTD? Are they a scam?

  7. WatchDog says:

    PLEASE POST ALL NEW COMMENTS ON THE NEW BLACKLIST. Due to the number of comments we decided to move the page to the following address and we will be helping all traders with disputes and complaints. Please comment on this page from now:

  8. Floyd says:

    Any info on the HFT Shield program being touted over email?

  9. Ron says:

    Is a scam? I can’t tell…

    • WatchDog says:

      Hi Ron, ABS is not a scam, our initial impression was that they are they typical money-making scheme but we went over many reviews and testimonials over the last years. They’ve been around for 5 years and kept a solid reputation. A scam cannot get away with negative reviews and you can find them recommended on most authority binary options sites and forums as a recommended service. They also offer real support 24/07 unlike what many services claim and never deliver. If you are not happy you can also get a refund so they are 100% fair with their clients. They are listed as one of our recommended signals services and we also posted an Auto Binary Signals Review.

  10. "john" says:

    Watch dog:
    This one looks like a SCAM (PHOTOS OF ACTORS)
    BUT I could be wrong!

  11. Jopin says:

    hi,what about ? legitimate business? fx robot?

    • WatchDog says:

      This website looks a little bit strange but they seem to provide some education and it doesn’t look like the typical money-making scheme, however it could be a really new website because they don’t have a ranking yet on Alexa which indicates that they are also not getting many visitors at the moment.

  12. "john" says:

    Watch dog:
    Another likely looking SCAM!
    Check this one out>”MILLIONAIRE CASH FLOW SYSTEM”

  13. JC says:

    I just got scammed by Guaranteed Outcome by “Victor Lambert.” I invested $550. It took them all of one day to blow up my account. Guaranteed Outcome has phony stats and of course, makes claims of attaining riches. I have come to the conclusion that all Auto Trading softwares are a scam. I will never again participate. I’ve finally learned my lesson.

  14. "john" says:

    Watch dog:
    “FB appbot”> looks like another probable SCAM!
    HAS anyone been involved with this?

  15. WatchDog says:

    Yeah this guy here claims that it works and he never sent us an email with any evidence John. It’s most likely a scam and we’re not changing our conclusion unless we get evidence.

  16. "john" says:

    Watch dog:
    check this one out”PROFIT MAXIMIZER”
    looks like another SCAMMER!!


    it has taken 8 (eight ) months to get a refund from masteroptions but they have finally agreed to do so . there biggest sticking point was the refusal to admit one deposit even though i sent copy of internet bank statement showing that they had banked this deposit . they required an original paper bank statement . rediculous in this modern age where internet banking is the only way to bank when living in anothe country .

  18. WatchDog says:

    Hi Jonathan, can you please email us some evidence to support your claim? If we made a mistake we’ll take if off but in %95 of the cases we are right and based on testimonials we clearly identified many scams.

  19. Les says:

    Just another probable scam email, Authentic Profits System. Please be on the look out for them.

  20. kl says:

    Is RBoptions from Canada genuine. I’m trading with them. Please tell me Watch Dog.

    • WatchDog says:

      We are getting mixed feedback relating to RBoptions, they are not regulated by the way and they are not located in Canada as they advertise.

  21. "john" says:

    Watch dog:
    Look out for this one another SCAMMER?
    “AUTO MONEY APP” it certainly looks like it!

  22. WatchDog says:

    Hi Lanny, this is not the first complaint concerning so we decided to add them to the blacklist. We might also post a warning as well if we continue to receive more complaints.

  23. Lanny B says:

    I am having a terrible experience with Options Mogul. I originally signed up with them as a referral from a trading bot. It didn’t work out, so I have been trying to get the balance of my account back. Note: I am in compliance with their paper work and I did not take a bonus.
    I applied for a withdrawal on May 14th, which went into “pending” status. After a while, and no funds returned, I tried to contact them. They refused to return my email inquiries, wouldn’t answer their phone and shut off their Online Customer Service. At the end of June I still had no funds and no contact when they finally called me. Their message? “Be patient.”
    On July 1st, for no reason, they cancelled my withdrawal request. On July 3rd, I re-submitted my w/d request. On the same day, I spoke to “Frank” in support who tried to get me to stay and they would give me signals to trade on. When I refused, “Frank” promised my funds would be sent to me the following Monday, July 6th. I still don’t have my funds!
    All I get from them is stalling tactics and a request to “be patient, it takes time”.
    Options Mogul claims to be one of the best and to have great support. From my experience that is not true. After 2 full months I still do not have my withdrawal. Although I don’t have my money I will keep trying. I have filed a complaint with the and the SEC. No word yet.
    As far as I am concerned, Options Mogul is a scam broker, not to be trusted. I would never recommend them but, again, that is my opinion and experience.
    Form your own opinion, but don’t say I didn’t warn you.

  24. David says:

    Has anyone had experience with options mogul?

  25. peter says:


    There is no refund policy or money back guarantee for this software.

    Here is the answer if you ask to get your money back

    It is a lifetime membership. We will be around for a long time providing free updates, systems and more so you will get your money’s worth out of Binary Brain Wave.

    If you need help with anything just let us know and we are here for support 24/7.


  26. NIKY says:


    • WatchDog says:

      Too many complaints concerning Binary Brain Wave lately. Cash Code is a scam Niky, we didn’t review it because we noticed many warning posted all over the Internet so hopefully people will Google “Cash Code Scam” before they sign up.

  27. omid says:

    hi peter
    i am total agree with you i waste my money $119.00 for brain wave is suck i am lot 20 itms and 3 wins.. i am not happy i dont understand why do it that?

  28. peter says:

    brain wave is a scam and it dont work 39 trades 11 win rest lost

  29. "john" says:

    Watch dog:
    an up date on “SECRET SOCIETY SYSTEM” are
    claiming that you can earn “670,000 per month
    which is BS! CHECK IT OUT.It must be a SCAM!!

  30. "john" says:

    Watch dog.
    this looks like another scam:

    • WatchDog says:

      Thank you very much John. It’s really getting out of control… We’re seeing many new scams come out on a daily basis now. It’s hard to keep track of all of them.

  31. "john" says:

    Watch dog:
    here are two more probable scammers:

  32. "john" says:

    This also might be a scam:
    “21 days to riches” does any one know?

    • WatchDog says:

      21 days to riches is a scam. In fact we just started to receive complaints so we are estimating that many people are getting invitations, we will post a warning today. As for GMBProfitMachine, it looks like the typical scam, we didn’t receive any complaints yet but it doesn’t look legitimate at all. It’s better to work harder and join a successful community as Brian suggested. Instead of gambling your money, you can learn and communicate ith other traders and actually have a chance to make it. We see so many traders fall victims to the same frauds, and each time you’ll see different actors or different voice over actors but the concept remains the same and the results and in %99 of the cases are BAD!

  33. Brian Williams says:

    This popped up when i clicked on something completely different to Binary Options.
    I do not know whether it is a scam or not as I never bothered to watch the promotion video. You guys would at would know best.
    I would not be getting involved with them anyway, I would prefer to stay with the Guru of Binary Options and that is Michael Freeman and his Facebook Signals Group They are amazing, tutorial videos to help newbies like me, traders and admins that post their signals completely FREE.

  34. Blaine says:

    Are there any reports about letigation with them? SpotFN

  35. "john" says:

    Here are three more that I believe are SCAMS:

  36. Leopold says:


    what about CASHCAMP,
    It looks like many other scams on first sight, but You don’t know unless registered.
    They write,they act since 1999, has anyone any info about them?

    • WatchDog says:

      Binary options didn’t exist in 1999 and not in 2005, it’s a 6 years old industry. We managed to recognize the “owner” Michael Solovsky is an actor from we don’t trust this system but if anyone tried it or has any feedback, please share it with us.

  37. sebastian says:

    hello I wonder if is another scam or is it real
    Thank you for your help

  38. Ginny says:

    Just been through the site, vids, it all sounds so inviting, have you checked this one out yet, awaiting your HONEST Report..


  39. Kelly says:

    Does anyone have any info on peak profits formula? Just wondering if they are just another scam site. Sounds pretty good but they all usually do.

  40. Danyal Kiyani says:

    Please tell everyone to avoid the new Aussie Method, it’s a scam!!!

  41. WatchDog says:

    Hi Danyal, unfortunately MadMax Profits is another scam, we exposed it in the following post: We hope that you didn’t sign up with this fraud.

  42. Lanny B says:

    I just received a few emails about a new system, The Aussie Method. “Jake Pertu” claims he has a method to make 100’s of 1,000’s of dollars in a few short weeks. One testimonial claims they made $724k in 30 days! The real catch is “Jake” guarantees you will make money or he will pay you $10,000 out of his own pocket!
    Red flags are flying everywhere. Case in point: Their Live Verified Results are showing winnings being posted to the live update today, Saturday! Just like Traders Compass, these fakes have found a way to trade and profit on Saturday when the markets are closed. Interesting. I wish I could do that.
    You may want to check out The Aussie Method. If you can figure out if the $10,000 guarantee is valid, I may try this. I doubt it is real, so I will pass and just leave this warning out there.

  43. Danyal Kiyani says:

    hello.tell me about mad max profit?i want to join me!

  44. Danyal Kiyani says:

    Hello.Tell me about mad max profit?

  45. Tony Bianchi says:

    Hello Watchdog,

    Well, as usual, I had another “new” binary software system come into my emailbox….imagine that!!! Gee it’s only been less than 24 hours since my last posting above. This software is called Extreme Profits System by some smuck named Cameron James. He claims over a 92% ITM!!! Well, just another system for you to check out as usual. Just think of your job security checking out all the NEVER-ENDING lists of systems that keep hitting the Internet. Too much fun, NOT!! But, we all appreciate what you’re doing for us all.

    Take Care,

    Tony Bianchi

    • WatchDog says:

      Hi Tony, We just found this video on Extreme Profits:

      It looks like a complete scam but we didn’t receive any complaints yet, however we will surely warn traders about this system. It’s really identical to many previous scams we exposed.

  46. Phillip M says:

    Hi! tell me anything about Jacob clark and the fisher app! on binary signals?

  47. Babatunde says:

    Thanks I almost got my ass into auto profit replicator thanks and please can u introduce me to a genuine online binary broker

  48. WatchDog says:

    Many binary options traders are asking us about the Apple Mobile software that came out not long ago. Please read our warning, this software is a complete scam!

  49. Colin says:

    Hi Watchdog,
    I would like your opinion on Option.FM , To make a long story short I lost a lot of money with the trades option fm gave me but recently they contacted me to say if I deposited more money, everything I deposit would be protected because I was in recovery so I went along with it with the hope of recovering my first losses. The broker kept pushing me to deposit more and more saying I was fully protected. I told him that I didn’t want to be tied in to a bonus and he agreed. This time again I lost more trades than I won but the broker put my losses back in my A/C so I was happy enough as my A/C was getting bigger. I am now trying to withdraw money but my broker says I can only withdraw 40% of my A/C as it is tied to a bonus. 65% of the A/C is money I deposited. I feel trapped. I am afraid if i keep trading with them I will lose more.They want me to trade 30 to 60% of my a/c on one trade and are not happy when i want to trade 10%. I am now looking to stop taking trades from them and find reliable trades from somewhere else to get my money out.

    • WatchDog says:

      Colin, Based on some reports and emails we received from traders, we have a reason to believe that Option.FM might be a scam however we are not yet %100 sure. Try to withdraw your money and if you need help disputing any transactions made with this company, let us know or contact your credit card company and ask for the fraud department. Option.FM is currently not EU regulated and it’s another concerning fact. Please keep us posted and if you need help, you are welcome to contact us at any time.

  50. Hisham says: is a big scam

  51. Hisham says:

    this website is a big scam i can withdrawal my money
    i made many trades in 60 sec and when the trend was reversed i can’t sell my trades and lose all my money

  52. Patrick Young says:

    Does anyone have any idea if the “Armchairmillionaire” is legit. They have the usual pressure tactic website.



  53. Albert Fuerderer says:

    Hello Readers,

    I had tested:

    They Promise to make Big Money with trading weat, with a 98 % Winner Ratio: Real Winner Ratio is under 50 %, also not profitable!
    My Experience is: after 7 days of Trading and 34 Trades:
    Great Promises are most Great Lies:
    16 Winner Trades to 18 loser Trades: lost $ 126. from ” 250. in 7 days.
    Not one Trade with Weat. most currencies!

  54. Stig says:

    Hi i have tried the 650 system, it was no good,,only good was that they refunded the money i put into it…

  55. Dave says:

    Are there any reviews on the 650 system by Simon Lorado?

  56. John R. says:

    This is something new that was advertised. Does anyone know if this one is another scam?

  57. stephen says:

    I used OptionsMagnat and they are trying to steal $600 from me. I am disputing the charges on my credit card and should get the funds back. They actually show a credit back to my credit card on their bank info under my account so I can prove to my bank that they should have refunded me. When I call, which has been around 10 times now, all they do is hang up on me when I mention the word withdrawal. I have emailed them with no response. One time I got to a person who actually talked to me and told me they were having an issue with CS personnel hanging up on customers and they were trying to correct that. She said that I would have to prove to them by sending all my credit card and bank statements to customer service that I did not get my withdrawal. I said fat chance I’m going to send over all my banking and credit card statements. Accounting should know if my withdrawal has gone through or not and to what account it went to.

    BTW the withdrawal on my account was a month ago and they are not responsive or cooperative. I told them I am going to report them to every authority that would regulate them and share their crooked activities with every website I come across.

  58. livy sharma says:

    Hello. Thanks watchdog for your honest reviews .

    Can you please tell me about thousand dollar days system if it is legit or scam.

  59. Mr John Norris says:

    Any one have any dealings with Turnaround Trader by Guy Cohen.

  60. Phillip M says:

    Hi! at WD I just wanna found out if VX MARKETS is legit and it’s affiliate David Finn – legal owner of the so’STOLEN’ Mad Max Profits Software. Ps. reply!

  61. james cullem says:

    any know Optionsmagnat…they got $360 from me and wont give it back,,,can you guys check them out I know they are a scam they just keep telling me the same BS over and over…hang up when I call cant hardly speak english

    anyone can help It has been a month since I asked from my money back

  62. Ernst THEOBALD says:

    Comments on “Insiders Information” in combination with beeoptions?

  63. Russell Craigie says:

    What do you know abour Roger Pierces auto binary signals is it legit Thanks Regards Russell

  64. Andreas Kuehn says:

    Cyn anybody tell me something about Confirmed Profits? Looks too good to be true! Thanks!

  65. Patrick Cummings says:

    Does anyone know if is a scam? They keep calling me for a deposit. Sounds like a scam. Seems they are new . Any help appreciated. Thanks

  66. Lanny B says:

    Binary Boom IS a scam. I signed up last weekend. When you finally get their web based interface (or download their desktop version), the first thing you notice is that their system is NOT fully automated. You have to choose the signals to trade and manually input the trades. When I finally reached Support, I was told that their programmer disabled the auto trading function because there were too many signals…!!! The sales pitch is still up on their web site that this is a fully, 100% automated system. It’s a lie!!
    Some signals are even both a put and call on the same pair at the same time, essentially hedging against yourself and a sure loser. What the web site sales page offers and what you get are two different things.
    I requested a refund from CiTrades (their recommended broker and a scam in itself) and was refused (twice) until I threatened to got to the SEC, CFTC, CySec and here to Binary Watchdog. That must have done it. After a week I got my refund today.
    Do not believe the scammers at Binary Boom, and do not trade with CiTrades. Stay away from both of these groups. RUN if you see them.

  67. Peter says:

    On the post of March 20th, 2015 you state you are going to expose the scam called Binary Boom….where is it?
    I am curious to read it.

    • WatchDog says:

      Hi Peter and we did expose them, now they are trying to post positive comments under the warning but the comments were posted by their own marketers, however we respect free speech. We stand fully behind our conclusion that Binary Boom is a scam unless we get enough comments from members who claim it’s not a scam. If this is the case, we will personally apologize to staff for falsely accusing them of scamming people but until that day, the following Binary Boom Warning is staying:

  68. Mario says:

    Hi watchdog,
    I’m Getting loads of email about “binary boom”. Another scam?
    Thanks for your great work

    • WatchDog says:

      We are going to expose this scam today, it’s the newest fraud in the market Mario, avoid the Binary Boom!!!

  69. Sewek says:

    I have a feeling that Inside Options is a scam.

  70. VM says:

    Hi Watchdog great site, the world needs you so keep up the good work. Can you comment on “INSIDERS INFORMATION” I’m certain they are yet another scam but wanted your opinion. Very gimmicky with their sales pitch and results

    • WatchDog says:

      Your thoughts are absolutely correct! We reviewed the website and it’s almost identical to %50 of the scams we reviewed. This is all you need to run away from this offer as fast as you can, click out and delete VM. Don’t waste your money.

  71. sean says:

    Hi Watchdog. Have you heard of Verified Trader? It is supposed to be a signal for binary trading. Are they a scam? Also, have you heard of SafeOptions? Thanks.

  72. Johannes says:

    Has anybody experience with “30 day change”?
    I’ve seen a youtube with successful real trades,probably selected but didn’t show ratio of winner and looser.
    Is there any robot with actual success.
    The only one which has been working for me has been PureProfits, not huge profits 28 W/18L (60%).

  73. jimmy says:

    hi thanks a lot. I was about to deposit with cedar finance and optec. tell me what about top options and stock pair anything about them?

    • WatchDog says:

      Opteck and Cedar Finance are unregulated and blacklisted. Search “Cedar Finance Scam” on Google, we also posted a warning! StockPair is known to offer many features but they lack good customer suppport and they have a high starting minimum. Topoption is EU regulated and our top recommended brokers. The minimum deposit is currently $100 and you can deposit money to your account in various currencies.

  74. Kerrin says:

    Be interested in your comments about these people.
    They look very professional
    Thanking you

  75. paul says:

    message to Tom.. might be a bit late but dont touch 30daychange SCAM. They promise you will make 40.000 a week. but when you try to contact their help line, they never reply..I deposited my £250 into MAXOPTIONS broker..after a day trading, thats 2 profit and 3 loss trades, decided i wanted out.. took me 3 weeks to get my £221 balance back.. i said that i had a lot of money to invest, and i needed to test the integrity and professionalism of their Company,so as soon as my money was repaid i would make contact with my support at MAX to discuss my investment. of course, greed got the better of them, and my balance was repaid.. i will now look for a better binary option company to invest in.. hope this helps

  76. geoff says:

    I have had only 10 trades with larryscashmachine software using Bee Options and the results are : 7 losses and 3 wins… That’s a recipe for disaster, I am going to try and get whats left of my money back from Bee Options.I also had only 3 trades with Colin Walker’s Binary Machine software using OptionFM and the results are 2 losses and 1 win. I know that I have not given the Binary Machine much of a chance, but after being burnt by Larryscashmachine I am not prepared to do anymore trading. If there is an honest side to this industry it has been greatly damaged by these scam artists.

  77. Nilo says:


  78. delko says:


    this site cheats!!!!!! i catch them on the second site after you put your name and mail. in the live chart they make a call option on silver. entry rate 17.64 at 10:46 on 29.1.15. expiration time 11:00 on 29.1.15. at 11:00 the live chart was 17.56!!! 100%loose!!! then the site shows a fatal error. 5 minutes later it shows that silver closes at 11:00 17.7994656!!! trade won?! what a cheat!!! so the live chart show all trades are won?! THIS IS ABSOLUTE BULLSHIT!!!

  79. clay says:

    Is anyone having problems with UK Options. It seems as if they will not send withdrawals. All I get out of them is to send the required documents. I’ve sent these 3 times and still no response. Looks as if they along with the other scams want to steal my money!

  80. Ryan says:

    Hi WatchDog,

    Thanks for the comments. But what about the website here:

    That’s just a revamped version of Optimarkets, isn’t it?

    As much as I hate those scammers, I’d like to see them in business, so they can be properly investigated by the UK police at long last. They claim to be in the UK somewhere.

    Besides, I’ve hired a UK-based lawyer to deal with the British police on my behalf, as I live in Spain permanently, and so far he’s told me that the Economic Crime Unit of the City of London police had begun such an investigation of Optimarkets.

    Do please check out the above-mentioned website. I reckon it belongs to Optimarkets; otherwise, how come I can’t enter my details there? They must’ve blacklisted my IP, thereby ‘banning’ me from ever contacting them. Not that it was ever possible to contact them earlier; you’d be sending email after email to no avail.

    If you have any further questions, or any of your subscribers have also been scammed by Optimarkets, please get in touch with me. Many thanks, cheers.

    • WatchDog says:

      The website OptiMarkets . com doesn’t seem to work but this landing page in the link you shared does seem to work. Just in case they are still in operation we will add them to the blacklist. If it helps, we do know from testimonials of company employees, that Optimarkets company call center and main office was located in Ramat Gan, Israel. This is based on some solid facts but the company employee didn’t provide us with the exact address. They might be registered somewhere in BVI or in the UK but obviously this is not their true location.

  81. Ryan says:

    The so-called binary ‘broker’ Optimarkets is definitely the biggest scam of all. Please do a review of them. If you have invested with them before, and tried to withdraw your funds + profits made they simply blacklist you and you won’t be able to re-access their site, nor log in your account ever again.

    These lowlife scammers ought to be in the dock and eventually behind bars. One of the men who apparently runs it the boiler room scam is an American by the name Jayson Travis. This lowlife cocksucker is the scammer and cheat who will eventually face the Judge and, hopefully, a jail sentence.

    People who run Optimarkets scam are crooks and swindlers. The fact that they apparently operate from the UK (they used to be in Tortola, British Virgin Islands), and are not regulated by FCA is beyond belief.

    Readers of this blog, please do stay away from Optimarkets who, I’m glad to say, are currently under investigation by the British police.

    Any questions, pls contact me on the above email address. Cheers.

    • WatchDog says:

      Hi Ryan, As far as we understand Optimarkets was closed down a few months ago which is they do not appear on our blacklist. They were a %100 scam and notorious for stealing millions of dollars from online traders and this information can be verified via the many complaints filed on them on FPA, ScamBook and many other websites. We are glad to see that Optimarkets is no longer in business and it’s very likely that they will face some kind of legal action in the future, however these people know how to hide behind offshore companies very well making it difficult to track them down.

  82. tom says:

    just about to sign up for “30day change” anyone know if it is legit, sounds too good to be true……

  83. don says:

    anyone dealing with Opteck broker. they said never bid more then 2% of your balance but they kept on calling and the head chief analyzed did the same.
    I fall for it after a while and bid my entire account

  84. Joe Rollin says:

    has anyone heard of or used one click auto trader by Paul Applegrove
    if anyone has used it or heard of it let me know thanks

    • WatchDog says:

      Hello Joe, you probably meant Paul Applegarth. 🙂 He is a well known binary options trader/mentor on YouTube and also the owner of TBOWS. Any feedback is always appreciated but it’s important to note that up until now we didn’t receive any complaints on Paul or on the auto trading service One Click Auto Trader. We encourage everyone to share your feedback!

  85. John Desrosiers says:

    Know anything about Dave and Ginnny Insured Profits software?

    • WatchDog says:

      Unfortunately our Insured Profit warning didn’t rank high enough on Google for you to see it or it could be that you failed to do your research, which is the number 1 rule with any type of online offer. Here you go John -> Insured Profit Scam! It’s a money making scheme associated with binary options, unfortunately many FX and Binary Options services are created by online marketers and not by real traders. Next time please Google the name of the service you wish to join and search for reviews, have mercy on your wallet.

  86. Tony Pender says:

    I have had poor experience with The Ataraxia7 binary trading system. Main problem next to no Support.

  87. Joy says:

    Beware of finpari, I was pushed to deposit around 250$ and get bonus 250$ , the customer service said that it needs only 3 times bonus to qualify for withdrawl, then i did trades volume 3 x 250$ = 750$, when i come to withdrawl they said again it’s 3 x total money = 3 x 500$ = 1500$ total volume for withdrawl, then I trade until total volume reached 1500$ when i come up for withdral, they said the bonus cannot be withdrawl and i need to do 20 x total money wich is 20 x 500$ =10.000$, lol it’s totally scam!! beware guys!!

  88. Marco says:

    Stay away from AGFMARKETS.COM is a total scam you’ll never see your money

  89. Supavasana Sererat says:
    These two website is a scame .After deposited the broker that they introduce .No.2 works with the bad results . From $250 and have $8 left. not like they said
    For No.1 nothing change after put on auto trade I just want every body not loose money like me anymore


  90. Anthony says:

    I have been SCAMMMMMED Big Time by OPTIONS AREA. What do you know about OPTIONS AREA??? I need all the information I can get on OPTIONS AREA to share with my AMERICAN EXPRESS CARD company. They talked me into “INVESTING” a lot on my AMX card and then later sent me an e-mail stating that they are not been able to PROCESS AMX cards and never have. With my INVESTMENT with OPTIONS AREA…it was soon ALL lost after OPTIONS AREA ….CALLED me here in JAPAN from their office in CANADA with their trades for the day! We lost EVERYTIME their “BROKERS” called……..OPTIONS AREA are ALWAYS asking for MORE money to “REBUILD or RECOVER” my account,……..this is also part of their SCAM…….you will lose that as well. THEN,…..communication STOPS! I have so much more to say about OPTIONS AREA and it is not GOOD!!! Please share with me what you know about OPTIONS AREA,……I need this information to share with AMX to place a “CHARGE BACK REQUEST”. Thank you so much for your support ………Anthony……….TOKYO.

  91. Tani says:

    I made 54 trade with Ataraxia7, 27 win 26 loss and with the fees, I have lesser money now than what I started with. It is a scam … Winning promise is a lie…

  92. David says:

    Is anyone familiar with a new program called Binary app 810? could you please share your experiences with this program.

  93. Kenneth and Cyndi says:

    After loosing hundreds of thousands, the last of his wealth, my dad is 86 years old and has to file bankrupsy now because he maxed out 10 credit cards to gamble with GlobalTrader365 the first of this year.( and several other scams he belived in, not just Global Trader) Now he has only $1900 to his name monthly and he is once again trading in the Options market now with Traders King. He has 2000 in and they say he is at $20,000. I told him to make a large large withdrawl but he won’t.

    I probably can’t get Guardianship over him to make him stop so all I can do is keep harrassing him with these bad reviews I am finding on TRADERS KING.

  94. syl skalecki says:


  95. Mario says:

    have you heard anything about Ataraxia 7?
    Are they serious or is their MyFX book fake?
    thx for feedback

  96. beenthruhellandback says:

    She doesn’t teach you any strategies but merely wanting to sell a trade calculator. She quoted me 950GBP for a trade calculator, claiming it can help you generate 5000GBP a week. When I said I had no money, she said she will pay 450GBP on my behalf first and that I only need to pay 500GBP but I have to promise that I will pay her in full after I got my first 5000GBP profit from using the calculator. Because I’m not from UK, a so-called tax officer emailed me to say that my trade calculator is in their custody and that I need to pay a tax sum of 12,850GBP before they can deliver the software to me.

    2. BEWARE OF ANYONE CLAIMING THAT HE CAN HELP YOU WITHDRAW YOUR FUNDS FROM YOUR BROKERS if you have more than $10,000 in deposit and bonus. One such person I encountered is someone by the name of David Gibson.
    He will write to you this: if you follow my directions you will get all your funds back in two weeks because i will send you to the agency incharge of this. But when you get it i will take 20 percent. If you agree we can do it.

    DON’T FALL FOR THEIR TRICKS. Scammers (or SCUMS) like these are worse than binary options brokers!!!

  97. alvin says:

    Anyone can tell me how to cancel account in opteck because they keep bothering me and i already told them to cancel it because of many bad things i heard from them. I signed up to them like 2 weeks ago but i didnt want to invest. The guy on the phone was so rude so i decided not to and he was asking my card number and i gave to him a card with no balance on it because i didnt really trust it if thats normal. And up to now they keep bothering me. So please anyone can tell me how to make them stop

    • WatchDog says:

      They will never stop bothering you and always treat you as a cold lead, meaning that when their staff is out of fresh leads, they will call you each time..From experience I know that companies don’t actually delete accounts. However, you can send them a formal letter to support in which you ask them to remove you from all mailing and call lists and if they still bother you after this request, they are violating your privacy, which is now considered a crime in most countries. Send Opteck a formal letter and be very clear or change your number….

  98. Nick says:

    millionaire money machine almost got me: they offer a free account and 10 first pages in google searches are very positive. Millionaire Money Machine are actually Hercules profit pro and Amber.

  99. olin says:

    Hi, I have had very bad experience with xxxxxxxx to the tune of 10K, has a black flag come up on them previously.? There salesman are very pushy, promise you everything and deliver nothing but hip pocket pain.

    • WatchDog says:

      Olin, This company WAS indeed on our Scams List but after many threats and attacks (offline and online) we had no choice but to take them down. They are the biggest scam but we are not taking any risk with them. This is a company we can’t help you fight. Move on with your life and take this as a learning experience.

      Our Sincere Apology Olin!!

  100. Bruno says:

    What do you think of the signals that 24Options is providing?

    • WatchDog says:

      Based on feedback we know that 24Option signals are not reliable and it’s a major disappointment for us considering 24Option was once a leader in the binary options industry. It’s possible that they changed ownership or the commitment to their traders but it’s now becoming apparent, more than ever, that 24Option is heading towards getting blacklisted if we continue to receive complaints in regards to some of their business practices. Money can corrupt the best people and the best companies and we’ve seen it happen many times, we hope that 24Option is not heading down that path..

  101. Tom says: :-

    I read your review of it and although I am very wary of things, found it uninformative.

    The fact is that they are guaranteeing to ADD BACK any loss trades – not that their robot trades with no loss.

    The problem with this, as I have read – is that the amounts they pay back for a lost trade is added back as A BONUS – which you then have to trade 30-40 time to free up.

    In the end you will need to trade 10-40 times your ENTIRE balance in order to be able to withdraw a penny.

    And you will NEVER reach it – as even 1 loss will send it all spiralling out of control again – higher and higher.

    THAT’S the scam ok 🙂

  102. freedom8 says:

    Could anyone please tell me of any experience, good or bad with autobinaryoptionstrading??

  103. Newbie to binary says:

    Hi guys just wondering if u have any info on binary goal ? I’ve already forked out $2500 but not yet traded… They have me on option fm platform are they legit ??? I also went through a any info would be good cheers

    • WatchDog says:

      Legal Insider Bot and which is behind this fake software are scam operations. Here is a link to the complete WatchDog Legal Insider Bot Warning! Get your money out quickly Newbie! You’re setting yourself for failure from the ‘get go’ and there’s a lot of potential in binary options, too bad for you and good luck!

  104. Manav says:

    If anyone know about
    OZ ROBOT (Auto pilot)is a Real or Scam

  105. Jim says:

    Hi, what do you think of the”Legal Insider Bot”? I was sent to Citrades, okay broker?


    • WatchDog says:

      Please watch this video JIM Legal Insider SCAM! and checkout the WatchDog’s Blog page for our the complete warning! Come on Jim…%100 ITM %0 OTM, why are you even asking about this software? It’s extremely fake. No offense Jim! We’re here to help.

  106. Nebo says:

    Please can you enlighten me about BetOnMarkets ( scam?

    • WatchDog says:

      We know that in the past, BetOnMarkets receieved many complaints but as for no one seems to be posting any negative feedback or conatcting us via the WatchDog Complaint center. They might be legit but since they are relatively new it’s hard to base an opinion.

  107. Jesse says:

    Has anyone dealt with Binary Goal? I made an account earlier this week and received a call from a “Patricia Gallahan”. She was claiming she was calling from Singapore. I Told her I was not ready to deposit $200 so I said call today at 3:00pm (I’m in Australia). After reading all these eye openers I’m getting a weary feeling that this Binary Goal might be a scam.

  108. Ian Sherwood says:

    Any reports on legal insider bot?

    • WatchDog says:

      The Legal Insider Bot is a scam! They just launched it and they claim they are accredited and approved by the Better Business Bureau, which is the one organization that doesn’t mess around… yet no listing for the Legal Insider Bot can be found on the BBB. The complete review on is on the way!!

  109. AKEEM says:

    Is this also a scam? Legal Insider Bot

  110. Kimberly says:


    Is this also a scam? Hercules Profit Pro

    Best regards

  111. Matthew Clarke says:

    Good evening,

    Can you tell me if the Binary Options experts are legitimate?

    • WatchDog says:

      We received a few complaints on the Binary Options Experts but they do offer a refund. Avoid any upgrades.. Binary Options Experts can cost up to $1000 with all the upgrades.

  112. Terry James says:

    Please be reminded again.
    When you start open your account with new brokers with minimun range deposit USD200 ~ USD500 using your Credit Cards, please do not pick-up any call from this Broker because the moment you respond their call and these people are very smart ( they trained for that) and will urging and bagging you to add-up your account deposit until USD1000~ USD5000.And without knowing that your credit card auotmaticlly deduct by USD1000 and this what make clients so angry instead of deposit USD200 and received a call after the conversation, the USD1000 deducted.From that moment I don’t pick-up the call anymore.I have learnt my expensives lesson.

  113. Lex says: is a scam!! Less than %50 ITM .. No support! Don’t trust they’re liars! Recommending them on every page..

  114. Corne says:

    i also got a huge flogging at optionrally by a man named DANIEL GOLD

  115. RAVI says:

    I have a very bad experience with OPTIONRALLY, i request anybody out there not to open an account with them as they do not allow you to withdraw any money and tell you that you have to reach a volume by 40 times before you can touch even a single cent of yours, i have opened an account with them as a condition from one of the signal provider then i deposited about 700 dollars and got a similar amount as bonus from them. At this point the account manager was very helpful and said i can withdraw anytime and now my account balance reached close to 2300 dollars and i requested to withdraw an amount of 700 dollars and they are denying to give me any money saying that i have to reach a volume of 19,800 which is about 30 times of the balance or something like that. Even the account manager is rudely speaking to me now and even sweared at me. SO MY SUGGESTION AND REQUEST TO YOU ALL OUT THERE TO KEEP AWAY FROM “OPTIONRALLY”.

  116. Norm says:


    Anything negative about Binary Matrix Pro.


  117. Richard says:

    Just to let everyone aware that this message below is from another client CON by safe24option & BOLS also :

    I have also been scammed by BOLS! One Year ago I have opened a managed account and deposited 20.000$. At the beginning all seemed to be fine and the account manager was very friendly to me.
    After letting them trade on my account for some weeks, I realized that many people have been scammed by them on forexpeacearmy, so I asked them about that. Since this my account manager “John Daye” was very rude to me and he even wanted to tell me, that forexpeacearmy is a scam! However after some months trading they suddenly had “difficulties” with their account and they told me, that I should open a new account and deposit another 20.000$, so I could transfer and safe the money from the old account to the new one to reach the wagering of the bonus sooner! Of course I didnt do that, because at this time I already knew, that they are high professional scam artists!

    I also asked them about their skype-pictures and they told me, that they are real pictures of them. “John Daye” or example is a guy, who has been photographed by the cosmopolitan magazine! Then some months later, he used a new picture of a man, who was 20 years older than the first one! He said, that he just got old, because he is working so hard and his job is so stressfull. Whoever believes this, must be an complete idiot!

    On their homepage, they say, that they have an office in zurich, so I called the headquarter of their office and the woman told me, that there has never been such company at their building! IT IS ALL LIES!


  118. Max says:

    Any feedback on Boss Capital guys?

  119. emrich28 says:

    Watch Out for Safe24Option and Binary Option Live Signal (BOLS). I have invested big amount but come to withdrawal they totally shut you down. Below is my email and skype conversation with them. If anyone still think I LIES, by all means sent this message to them, and ask them to sue me. If you believe me, quickly sent this message to inform your friends, relatives and clients, don’t get trap by them. Especially if you invest in their auto trade system (ATS).

    1st Week email to Safe24option and Binary Option Live Signal (BOLS )
    Dear Chris, Joseph, Robert (Safe24option) and Frank (BOLS)
    I have invest 2 ATS account from 15th.July 2013 under emrich28@gmail . com and other from 19th.Aug 2013 under rhgcf@yahoo . com. After receiving the weekly report for few months and finally reach the turnover period. I am very happy to heard from John Daye my account manager that he is in process of submitting for approval for my withdrawal.

    I wait patiently for 3 months for the approval but still nothing happen . Then all the sudden on 1st april2014, John Daye disappear from skype until now, nobody from BOLS contact me about this problem until I contact them and requested to have another account manager to handle my account.

    On 23th.April , I am very happy my new account manager ( Heather Lee ) can follow up with my withdrawal but after talking to her ONCE she disappear from skype again until now. What is going on at BOLS ???

    Mr Chris , I hope you get look into this matter. I know Safe24option is not a small company and I am very sure you have no time to fight with customers who are looking for a withdrawal and will try to maintain a good reputation.

    Below is my conversation with John on 29th.Jan and Heather Lee on 23th.April :

    [29/1/2014 10:13:59 AM] emrich28: Any ideas how long the withdraw process going to take
    [29/1/2014 10:15:16 AM] John Daye: Lets hope for faster.. Rob said its on the process for approval.

    . On 5th.March, I check with John again. The conversation below :
    [5/3/2014 9:07:29 AM] emrich28: hello
    [5/3/2014 9:07:45 AM] John Daye: hi
    [5/3/2014 9:08:30 AM] John Daye: yeah.. I am waiting too.. I made an email late last night but they said bear with us and im sorry for the inconvenience. We will come back ASAP..
    [5/3/2014 9:08:35 AM] John Daye: They always say that.

    On 11th.March , I check with John again, still the same excuse :
    [11/3/2014 8:42:03 AM] emrich28: Hello
    [11/3/2014 8:42:12 AM] emrich28: How’s thing
    [11/3/2014 8:46:14 AM] John Daye: I will let you know soon.. sorry for the delay really..

    On 1st April, I check with John again, still the same excuse :
    [1/4/2014 8:53:27 AM] emrich28: hello
    [1/4/2014 8:54:18 AM] John Daye: hi….
    [1/4/2014 8:54:38 AM] John Daye: I will let you know…
    [1/4/2014 8:54:54 AM] John Daye: as soon as they have finalized everything.
    [1/4/2014 8:59:26 AM] emrich28: did they mention how long to finalized
    [1/4/2014 9:01:32 AM] John Daye: That’s one thing they dont give details..
    [1/4/2014 9:01:56 AM] John Daye: I am some times asking them but they said they cant arrange a date
    [1/4/2014 9:27:32 AM] John Daye: yes he is.. its really sad.. I dont know what to say

    On 23rd.April , I talk to new account manager ( Heather Lee ) :
    Hello 😉
    [23/4/2014 9:02:41 AM] emrich28: who are you
    [23/4/2014 9:02:45 AM] heather lee: As of the moment I will be you account manager
    [23/4/2014 9:03:02 AM] heather lee: David sent a request, since John Daye is out
    [23/4/2014 9:03:06 AM] emrich28: ok
    [23/4/2014 9:03:28 AM] heather lee: Do you have any specific question on your account?
    [23/4/2014 9:04:55 AM] emrich28: John support to update regarding my withdrawal
    [23/4/2014 9:05:32 AM] heather lee: When did you request?
    [23/4/2014 9:05:34 AM] emrich28: According from John he already submit the process for withdraw quite some time
    [23/4/2014 9:05:49 AM] emrich28: almsot 2 month
    [23/4/2014 9:06:01 AM] heather lee: Im so sorry to hear that…
    [23/4/2014 9:06:05 AM] heather lee: let me see.
    [23/4/2014 9:11:57 AM] emrich28: I sent you the conversation with John fews months back
    [23/4/2014 9:12:11 AM] emrich28: [29/1/2014 10:13:59 AM] emrich28: Any ideas how long the withdraw process going to take
    [29/1/2014 10:15:16 AM] John Daye: Lets hope for faster.. Rob said its on the process for approval. (y)
    [23/4/2014 9:13:42 AM] heather lee: one sec
    [23/4/2014 9:14:09 AM] heather lee: what name did you use to register? what broker?
    [23/4/2014 9:15:02 AM] emrich28: Name : Hxx xxx xxxx
    [23/4/2014 9:15:12 AM] emrich28: Broker : safe24option
    [23/4/2014 9:16:19 AM] heather lee: ok TY for the info
    [23/4/2014 9:22:53 AM] emrich28: Hope you can get back to me asap
    [23/4/2014 9:24:09 AM] heather lee: sure will do
    [23/4/2014 9:24:31 AM] emrich28: Thanks for your help

    On 28th.April, I check with Heather Lee again but no answer missing from skype until now :
    [28/4/2014 7:47:01 AM] emrich28: Hello
    [28/4/2014 7:47:15 AM] emrich28: r u here ?
    [28/4/2014 8:05:06 AM] emrich28: I still waiting for your feedback regarding my account
    [28/4/2014 8:05:31 AM] emrich28: Hope to get your reply asap

    On 6th.May, I sent the message to her skype again :
    [6/5/2014 8:09:19 AM] emrich28: Hello
    [6/5/2014 8:09:31 AM] emrich28: What happen to my withdrawal ?
    [6/5/2014 9:15:42 AM] emrich28: are you here ?
    [6/5/2014 10:05:43 AM] emrich28: why dont you say something
    [6/5/2014 10:06:09 AM] emrich28: keep quite not going to solve this problem
    2nd Week email to Safe24option and Binary Option Live Signal (BOLS )
    Dear Chris, Joseph, Robert (Safe24option) and Frank (BOLS)
    This is 2nd week I am sending to you after no response since 2ndMay2014. Need to bring to your attention, 1 of the account is meant for charity purpose.
    Do you know :
    With $6,000 – clinic will be able to equip itself with medical supplies for 2 months
    With $7,000 – 50 children will be able to continue their education
    With $100,000 – feeds more than 10,000 meals everyday. Programs for the hardcore poor community
    With $200,000 – clinic can operate and serve more than 30,000 hardcore poor community such as disable, kidney patient and many more…..

    Help us save more lives with your commitment to process with the withdrawal. “Together we are in the healing process”
    Mr.Chris, you are already a very wealthy man which you can enjoy luxury lifestyle – why must you delay their money which can save so many families lives.
    Please do something about it. URGENT !!!
    Hope you reply within 3 days.

  120. mike oyler says:

    Citrades is unbelievable, everyday now its another scam to take my money. So not only will they not let me withdraw (all conditions are met by me)and they tryed putting an unrequested and unapproved bonus into my account now they put my account under a high risk auto trader that I did not register for. these people are without question are crooks and low life thieves.

  121. John says:

    xtreme profitcopier also uses amberoption trader

    • WatchDog says:

      Based on all the comments on various posts here on and on other websites like FPA Amberoption is a scam.

  122. Jahangir says:

    Amberoptions is definetely a scam. I made a trade and it was a loss. When I checked with the chart on their website, the rate at which I traded and the expiry rate was in my favor but they are showing some other rate and declared me a loser. I sent a couple of emails, but no response till date. BEWARE OF THIS SCAM COMPANY CALLED AMBEROPTIONS.

  123. Johanna VanAarde says:

    When I went through my credit card statement, I saw a transaction for “Bin Trader”, I don’t recognise. It was for the amount of 250 USD. Who and what is this entity?
    I google it, but didn’t got any information that I can use. I need help to identify this.

    • WatchDog says:

      Hi Johanna, did you register with a broker recently? The name on the statement might be different from the brand name. If you didn’t approve any deposit recently you should contact your credit card company and dispute the transaction. In the case you never approved this transaction your request will be honored almost immediately.

  124. Binaryman says:

    Guy’s watch out amberoptions is a fake web-site they use the Spotoptions platform I ask for a withdraw 16th of april and I still haven’t received it.

    I think I never will so don’t use binary pro cloner in conjunction both are fake and they are out there to cheat you out of your money.
    If they even can pay back my 246,00 euro forget it that they will give you 5000 or more when you ask for a withdraw.

  125. Ngozi says:

    Is germanbinaryrobot is a scam?

  126. nuno says:

    DBPV7- They are not professional, to obtain the promised software they ask you to open an account in banc de binary, then they simply don’t provide you the software with all excuses specially saying the support is checking. After provide them all the proofs that they request! AVOID THEM…

  127. Nin says:

    Hi WD,

    Thanks God. i got full refund from opteck. but i lost in exchange rate.
    Thank u WD for your advice. Your page is very useful and right place to get best info to invest.
    Cheer !!!


  128. Nin says:


    Any experience with i just invest with them about usd 1000. please advise that place is right to invest? seriously i need your reply.


  129. Johanna says:

    I had an encounter with Amberoption telephonically this morning. He phoned because I said in an email if I do not get my money back, I’m going to report them to Binary Options Watch Dog. They refused blatantly to refund me. Said I got a bonus bundle. I told the guy to close my account and untie the bundle and pay my money out.
    I told him if I do not get my money I’m going to the next step. I’m busy
    lodging a charge back with my credit card provider.

    • WatchDog says:

      Amberoption is the type of company that will not return your money, with or without the bonus! The right thing to do is to file a dispute against them, if you need help just fill out the form on Contact Watchdog.

  130. Johanna says:

    What about Interactive Option? I see they are one of the broker companies on Option Bot2’s list for traders!

    • WatchDog says:

      InteractiveOption is EU regulated. They are legitimate and the platform should work well with the Option Bot.

  131. Bala says:

    Stay away from Ubinary options. Initially the experience was good for couple of months. Then they started withdrawing money from credit card without my consent. When asked to refund, they promised that a personal account manager shall be assigned and he will trade on my behalf. Even after not agreeing to all above, they took 10K from my card and traded on my behalf.

    I’m trying hard to withdraw the balance but so far no success.

  132. ToBo says:

    HI watchdog. Is optimarkets still reliable? Not sure if all the negative information is just a handful of complaints and most traders are ok with them.

  133. Daniel Amesty says:

    Muchas gracias por la respuesta a tiempo.

  134. Daniel Amesty says:

    Hola saludos .,Es Binary Matrix Pro son una estafa ??

  135. Carol Fredenburg says:

    Thank God I found the watchdog because I was ready to invest my $200.00 in TraderXP but I won’t now and they have already called me trying to get me set up immediately so I was already sceptical so I started looking for reviews on them and they are based in Bulgaria, hummm…… I’m going to join and hope for the best as I really need help here.

  136. Mike says:

    I just signed up with and after I signed up then I received the BMP letter from, that is what has me wondering about Platinumtrader. also the Link inside the E mail did Not work so I could Not use BMP.
    I’m thinking is affiliated with BMP

    the Problem is I deposited money with Platinumtrader, and they double billed my credit card, and will NOT Refund any of my money to my credit card. so I am assuming they are part of SCAM

    • WatchDog says:

      It could be that they are actually the same company and sharing the same email database. Anyway, BMP is a big scam! The best way to get your money now is with a credit card dispute otherwise you probably won’t see your money again.

  137. Mike says:

    Can anyone tell me if is a scam?
    they are affilitated with Binary Matrix Pro, I am assuming they are a scam just like Binary Matrix pro is?
    thanks for your help

    • WatchDog says:

      It’s the other way around 😉 Binary Matrix Pro is affiliated with and I am assuming they are sending them new traders. is not bad from what I understand but BMP on the other hand is a scam. The point is that a service might be a scam but the brokers will accept traders from any website or service. The broker’s interest is to get more traders but they have no control over the business decisions of the affiliated service.

  138. Doug says:

    What do we know about Market Options, got them to give me a free domo without giving them any money. Their platform is a pretty standard one used by many brokers, I had many problems with it. They say its a demo and their live software works better.

    • WatchDog says:

      Market Options came out not very long ago. The platform looks very plain..a little boring. Not enough information is available on this platform so I don’t see any point recommending them at this time.

  139. Joe says:

    Hello. Thanks, nice reply,
    I Thank GOD for this, Well Forexarmy is so decent, but they haven’t posted much about binary options recommended brokers, signals and so on. I hope they will post about managed accounts for binary.
    Michael Freeman is also supportive, I couldn’t find enough info on managed accounts


  140. Max says:

    Say Watchdog – You can add another Binary Option company to your SCAM list – and that would be United Options. I opened an account with $500 – tried to make a withdrawal of $400 – noticed that request was cancelled….made several inquiries about withdrawals – got the avoidance – they said I was associated with some software that did automatic trading – anyway my account is now at $10.75 What a bitch that is !

  141. Wail says:

    Thanks for this useful blog:

    I have been waiting do long for some one to post something about or anything related to
    I have gone through what you have gone through but am earlier when you opened account with xoptionstrading ,,I guess…
    but there is small difference on what I have been told by Jenny (just a few days ago I found out that she deleted my contact with her under skype)
    Well I hope that fastsignals is not a fraud , because she is under them, right?
    xoptions don’t reply to any e-mails and they don’t have chat. I have 7444.88 that is after I asked for withdraw, but before that I have $11,000
    everything was nice, but sometimes there was loss in trades when I check those trades with other brokers (expiry rate) I find that there is slight difference between the numbers, something like it is meant to be. But every time I came with something I Say may be it is supposed to be like this,, and I start to keep away suspicious thoughts..until I saw my account is $0 in balance. I opened the account in June 2013 and till Sept I was asking for withdraw , I was asking Jenny for this, she says “wait” ..every time there was a reason , a week after a week , once she says the broker is broken, another she says am waiting for confirmation..and so on..I also suggest that I will add my nephew and she promised with a commision…..all this and nothing I got.

    The good news is that, my bank have not accepted the transaction. I hope you will believe that the bank have rejected the transaction, I think it was accepted at first (and that the person on behalf of Jenny who have seen the transaction have accepted it and transfered the amount to my account at xoptionstrading, afterthat the money came back to my account) So stillI want all traders to know that xoptionstrading are scam, fast-signlas are also scam.

    And please watchdog put them on your list

    Please watchdog recommend to me some managed account service providers

    Thank you and am sorry if my comment is too long

    • WatchDog says:

      Finally a decent bank! I am glad that your bank ended up blocking the transaction, it many cases they fail to do it. I know that MasterCard for example, is extremely difficult to file a dispute with. Believe it or not but MasterCard is on the seller side in most cases and if you ever provide a scam with your E-signature and the payment goes through, you might never see it again. Any service or broker you decide to work with from this point, carefully research on Google, if there are no reviews at all…it’s a new service and might be wise to stay away. If it’s a service that’s been around for a few months and they’ve been scamming people, be sure that you’ll find plenty of angry reviews. Another good side is ForexPeaceArmy, they provide an open forum for traders to share their honest experience so you won’t find any fake broker comments..they delete those immediately and expose the comment origin which is funny at times. Many brokers try to post fake comments pretending to be happy customers but it’s super easy to tell between a real comment and a fake one.

  142. Edithe says:

    Have you had any experience with UBinary?

    • WatchDog says:

      I don’t have any personal experience with Ubinary but there are too many negative reviews indicating that they’re into some shady business.

  143. Timo says:

    What about Redwood Options? I didn’t see any negative on your site regarding them, but I’ve only been reading it for about 15 mins? They are one of the brokers that are on profit in 60 seconds list of required brokers to use their software. I deposited $200 with them in hopes of trading with the profit in 60 seconds software. Fortunately for me my computer went on the blink and I wasn’t able to trade. Can I get my deposit back from Redwood? I haven’t requested it yet, but just wanted your advice regarding it.
    Thanks so much! You seem to have a very worthwhile site!

    • WatchDog says:

      RedWood Options is actually a DBA for TradeRush so when you are dealing with Redwood Options you are actually dealing with TradeRush. There are a few concerning comments on Ripoff Report, but generally TradeRush is okay and as long as you stay away from any special bonuses you will have access to your funds. The Profit in 60 Seconds software is BS, it doesn’t work and it’s a big scam to try to get you to register with their broker. Many services offer a free trial when you signup, some services are good, but I know as a fact from many comments and emails that the Profitin60Seconds doesn’t work! If you want to get your money back from Redwood Options, first request a withdrawal, if you don’t see your money within 7-10 days, file a credit card dispute by calling the number on the back of your credit card. If you are working with VISA they are a lot easier to work with and you will most likely see your money back. MasterCard are very difficult and they are usually on the vendor’s side. Either way, keep us posted and good luck!

  144. Larry says:

    Do you know anything about GOptions?

  145. Fred Widdup says:


    I started after an email from “Options Charger” told me to deposit using their preferred “Bank” Banc54. I deposited $250 to be on the safe side and I received a receipt from billing@charge-it . biz located in the Seychelles. However a couple of days later I noticed this payment had been taken twice i.e. $500. As I paid by debit card my bank said there was nothing they could do. You know the rest, I am still trying to get my money back from Banc54 and my withdrawal has been pending since Jan 24th and still pending. Funny thing is on my bank statement it was listed as HT-Options . com.
    Stay away from all these scammers.



  146. Rob Daniel says:

    Thank you for all the advice. I highly recommend you add VIPbinary to your blacklist. They are the shadiest of the lot form my experience with them. Documented winning trades all wiped off site once I tried to make a withdrawal. Months of phone and email hassles, spoken to about a dozen people with fictitious names during this time as well.

    Cost me about $6000 in all, although I did get 75% of my initial deposit back after the most legally threatening letter I have ever sent anyone. Eventually had a ‘supervisor’ on the phone crying that it wasn’t her fault, that the company was shocking and were all thieves, and she was fed up of it and was only doing the work to feed her family.

    Seriously stay away from VIPbinary, it was the most bizarre experience!

  147. John Macleod says:

    I am having great difficulty (and losses) with VAULT OPTIONS
    They strung me along with promises, and more promises until I had dug a deep hole.
    Stay Away — Trust me, they are real crooks. — Beware!
    Famous last words — “If I had only….!!!”

  148. ron says:

    yea i woke up at 5am and wrote there signals call/puts and probabilities down to see if there dairy at 1pm would show the same signals ( for the support emailed me and told me they did there video diary at british time )8hrs diff. and sure enough not one trade was the same ..if they really were ligit they wouldnt of hide any thing and said the truth about the time..should of known the guy in the dairy sounded more american than british wouldnt you think ?

  149. HarryOz says:

    they are also scammers – the “account manager” Allen or Oscar will contact and give you really good bonuses but when you have registered there is no way for you to take money out – scammers – avoid

  150. Frank says:

    have opinion? you reviewed markets world yet?…what’s your opinion?

    • WatchDog says:

      Markets World is somewhere between good and bad. On one hand, they offer a free demo and a very low minimum investment requirement and trade requirement. On the other hand, they offer a low number of assets, website is extremely slow and they are based in BVI which is a bit weird. The location must be of a virtual office, many companies incorporate an internet business in BVI for tax purposes because it’s a %0 tax haven believe it or not. Many people register their yachts in BVI. They are not known to scam people I’ll give them that.

  151. Penny Richens says:

    So helpful! When you search Binary Options on Google you are inundated with shifty looking sites. It is nice to have a reference and some guidelines for picking legit ones. Google is kind of a pain these days because everyone and their dog is working on SEO content, and not actually creating anything useful or even legal. So frustrating…

    • WatchDog says:

      Much appreciated Penny! It’s definitely frustrating, especially with web-based companies! In today’s world, anyone can replicate the quality and appearance of legitimate websites and it allows more people to easily scam other unsuspecting people…. without too much work. It’s sad but true. Technology is advancing faster than the ability of authorities to implement and enforce new rules in order to put an end to the scams. High-risk credit card merchant companies are ‘in on it’ too, binary options scams are getting away with high number of credit card disputes and complaints and everyone who’s getting paid in the middle, is surely ignoring the problem and should suffer the consequences at the end.

  152. Blessing says:

    What to know about TRADERSROOM? Are they genuine broker or scam

    • WatchDog says:

      Hello Blessing, unfortunately Tradersroom is not a legit broker. They appear to have to many negative reviews. They have outstanding complaints on and tons of negative comments on the Trade2Win forum. Stay away from brokers with lot’s of bad feedback and trade with EU regulated brokers only! It’s always recommended to search on Google for the broker’s name with the word ‘scam’, you will usually find a few fake reviews on the first page, but if you look at the Google results carefully and filter out all the fake reviews, you will find real testimonials on any broker.

  153. Paul says:

    What is your view about OneTwoTrade? That is also scam or a genuine broker?

    • WatchDog says:

      OneTwoTrade is getting lots of negative reviews, even though they are a regulated broker, they operate like a scam. Stay away.

  154. Polly M. says:

    Binary Options scams can really discourage a lot of new traders from venturing into Binary Options. However, we can’t avoid the existence of scams and dishonest companies because there are greedy people in this world who are willing to do everything just to fool others and get money from them. Thanks to Watchdog and other websites that reveal these malicious companies so they can be prevented from fooling more and more people who just want to earn money in a legit way.

    • WatchDog says:

      Thank you for the comment! It’s important to carefully research the company before signing up, because it seems that the scam brokers find very creative ways to convince newbie traders to deposit outrageous sums of money. It’s very important to Google search the company in advance and to be ‘street smart’ enough to distinguish between a fake and a real review. Obviously a fake binary options site would make sure to clutter the search results with a bunch of fake reviews.

    • Alyce says:

      Askoption is a total scam, have been asking for over 2 months for a withdrawal and my broker wont even call me back. Customer service is a joke,say the same thing over and over. request sent expect a call shortly. This is all they know how to say. Be careful with these people.

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