(Gunbot) Review – Premier Cryptocurrency Robot

If you know us, you know that we have a sort  of natural aversion towards auto-trading, on account of the countless scams tied to this vertical, that we have reviewed over the years. Gunbot is different though. It is an auto-trader indeed, but it is a down-to-earth one. It does not promise anything that’s too good to be true, and everything about its pitch is as real is it could possibly be., the official Gunbot site, makes it very clear that Gunbot does not make predictions and it does not make decisions on its own. It simply executes a trading strategy based on the settings input by the user, and it does so perfectly and without emotion. That’s all it is really. An automated Bitcoin trading solution, which has the ability to perfectly execute the required strategy 24/7. Its overall profitability depends entirely on the settings input by the trader. In this regard, it is like a sort of agricultural machinery: it simply automates manual labor, doing it better and at much larger volumes than one would be able to handle manually.

As such, this type of crypto auto trading can indeed be very profitable. There’s a massive and very involved community built up around Gunbot, and there are scores of sources available for quality settings too. - The Crypto Bot (GunBot)

What exactly does Gunbot do?

As a Bitcoin auto trader, Gunbot works with a number of selected cryptocurrency exchanges. It currently supports Bittrex, Kraken, Poloniex and even Cryptopia. There are several Gunbot versions available, some of which are command line only, while others come with GUIs. The Cryptopia exchange is only available in versions 4.0.1 and above.

Once the user integrates Gunbot with the exchange(s) of his/her choice, sets the trading parameters (including the coin-pair) and the strategy, the software gets to work and begins trading according to those settings. All the user has to do from this point on, is to check on it every now and then, and to possibly tweak the settings if he/she comes across something more promising in this regard.

How do you acquire Gunbot?

The main product peddled at is obviously the cryptobot itself. It comes in three option-packages, which cost progressively more, and support progressively more markets (exchanges).

The base version costs 0.1 BTC and it supports a single exchange, (from the Bittrex, Poloniex, Kraken bunch), allowing users to run crypto auto trading on an unlimited number of coin pairs (like BTC/USDT or BTC/ETH).

The 0.2 Bitcoin package is more or less the same. It however grants users access to two markets instead of just one.

The most expensive option costs 0.3 BTC and it lets users trade on all three of the above named exchanges. It has to be stressed that with every one of these purchases, the users are buying a lifetime license for Gunbot.

In addition to the cryptotrader itself, the Gunbot site sells a number of complementary apps too, aimed at making its use easier and hopefully more profitable. They have a TradingView Addon on sale, together with a Web GUI. There is also a live training and support option, an Arbitrage Bot and a 5 Config Combo pack available.

The Gunbot software can be downloaded directly from the official site, in Windows as well as Linux and Mac versions. The base version of the crypto auto trader seems to be version 3.3.2 right now, though subsequent versions are indeed out and available.

Like every proper auto trading solution out there (including MT4’s EAs), this cryptocurrency trading robot works best with a VPS (Virtual Private Server). Downtimes and interruptions are completely eliminated this way, and those using such an option are actually able to run their Gunbots 24/7, without having to turn on their own computers. A minimum of 4 cores and 4 gigs of RAM are recommended for the VPS angle.

The Advantages of Proper Crypto Auto Trading

This cryptobot gives you the ability to make cryptocoin even as you sleep. Above and beyond that though, Gunbot gives you access to:

  • A prolific and active community, which currently comprises more than 2,000 users.
  • Windows/Linux/Mac compatibility.
  • Several buy/sell strategies
  • Lifetime license.
  • Free trading advice from the senior consultants of the operation, available through the forum.

Gunbot’s settings

With this cryptobot, the settings make or break one’s profitability. With the GUI versions, the settings are as easy to apply as filling out a form. With the versions that do not support a GUI for whatever reason, users have to access the various config.js files associated with every one of the supported coin pairs (an example would be poloniex-BTC_ETH-config.js. All the settings can be tampered with directly in the code, and the file can then be saved. All one has to do then is to run the cryptobot for the given pair, and then repeat the whole process for a different pair.

What exactly do these settings translate to though? The first thing is to add one’s API and Secret keys, after which the market can be selected. This is very important: when generating the said keys at Poloniex, Bittrex or Kraken, you have to enable everything, with the exception of Deposit and Withdrawal. This is how you make sure no one will be able to steal your coins, but obviously, keeping the keys a secret is always a good idea too.

The currency pair settings and the market settings are self-explanatory. The first one is the base coin and the second one is the altcoin (which can indeed be BTC too, in case of a USDT/BTC setup). You need to have a balance in the base coin.

The strategies supported are Bollinger Bands, Gain, Step Gain and Ping Pong. They can all be used in a pure form (using the same strategy for BUY and SELL) or they can be mixed up.

Each strategy comes with its own set of parameters that need to be added. For BB for instance, we have %Low BB and %High BB. The Balance settings allow for the setting of the amount of primary coin to be used for each trade and for the setting of a sell-all threshold.

Indicator settings can be tampered with as well, right down to the time-frame. Bot timing sets up the delay between requests.

TheCryptoBot Review Conclusion

There is no doubt regarding the capabilities of Gunbot, provided the right settings are used. The community loves it, and there’s a tremendous amount of support for users, in the shape of technical pointers as well as profitable settings-packages.

Review Verdict: TheCryptoBot is NOT a scam!

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For help with how to download, install and use this software, check out this GunBot User Guide.

For any questions you may email us directly at or comment below with any feedback and we’ll get back to you as soon as possible. Thank you for taking a moment to read our honest review.

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Gates Way is a SCAM! Indisputable Review!

We always suspected Bill Gates of being a lousy crook, and this is a joke of course! Today’s review is in reference to the Gates Way SCAM, which is literally the worst, defaming fake software we stumbled upon in years. Let this Gates Way review stand as an official warning to active day traders as well as the general public, not to believe or engage in this outrageous scam. Investing in this fake software on the presumption that Bill Gates is behind it, will lead to nothing else other than becoming the victim of another scam. During the course of our review, we expose all the deceptive tactics employed by these imposters.

The Gates Way scam is touted as a trading software developed by famous entrepreneur & co-founder of Microsoft, Bill Gates. According to the website, Mr Gates has spent over $2.5 billion dollars over the past couple of years on this secret project, which is based on the idea of wealth redistribution. Apparently, he is tired of the top one percent holding most of the world’s wealth and plans on redistributing it back to regular people through the Gates Way software scam. The algorithm has a supposed accuracy rate of 77% and has been locked to binary options trading with max trade sizes of $200. They claim that by doing it this way they can prevent the stock market from collapsing. However, the fake Bill Gates claims that the software will generate a guaranteed profit of $ 1.455 per day and predicts that by 2026 there will be no more poverty. This is just too insane to review, but we must warn you.

Let’s get straight to the point of this review, which is proving that Gates Way is a scam. Firstly, when you land on the website you will notice that it has been designed to look like CNN Money. For those who may not know, this is not the official CNN Money site. The domain name itself gives it away, however scammers rely on the fact that those who do not follow world and finance news will not notice this. The official CNN site is actually If one views the two sites side by side you will easily see how the scammers have tried to mimic the official site. Additionally, the image used of Bill Gates being supposedly interviewed on CNN about Gates Way software, with the red and white ‘breaking news’ banner is actually taken during a Bloomberg Television interview he did with his wife Melinda Gates in New York, on the 23rd February 2016. This image is licensed to Getty Images and if you look closely, you can see how they have tried to blur out the Getty Images logo. The editing is shocking to say the least but most people would’n even notice until pointed out.

When you access the main page of the Gates Way scam,, you will be greeted by a video of Bill Gates talking on the TED talk show about his new software meant to rob the 1% of their wealth. This video has also been edited. In the original video which can be found in this TED Lecture, Bill Gates is actually talking about the Ebola outbreak. If you listen to the video on Gates Way and then listen to the original, you will hear without a doubt that it is not the same voice. They have used a voice over artist recording and overlaid it on the video. When Mr Gates first walked on stage at the TED conference he came out pushing a large green barrel, this barrel can still be seen in the edited version. They have also covered the Ebola image in the middle with the Gates Way logo. These scammers have gone to great lengths to convince you that Bill Gates is behind this. We almost feel sorry for them because should the news of this fraud ever reach him, they better go into hiding.

Although the deplorable people behind this scam have tried hard to convince you of their so-called software’s legitimacy they have failed in many places to. An example of this would be using cheap actors from the online marketplace called Fiverr. When you watch the entire presentation video as we did, you will see two so-called managers as well as testimonials from the Gates Way beta testers. All of these people are fake. For example Peter Collins, who claims to be in charge of the testing and debugging team is a well-known actor who has been used in multiple scams in the past such as Magnetic Profits. Moreover, stealing the identity of a famous person is overused by now. According to Sophos, an anti-virus vendor, Mr Gates takes first place in the list of common hoaxes and scams using his identity. It is a shameful tactic and unfortunately a lot of innocent people fall for it.

There are a few other red flags one can easily notice if looking hard enough. For example, the spelling and grammar on the website is atrocious. Mr Gates is a highly educated and intelligent man who would never be associated with a site who cannot use the correct grammar. Another tell-tale sign is that the website was registered privately with NameCheap Inc on the 25th May 2017. Do you really think an IT tycoon who holds the world’s largest server farms would register a site with NameCheap? We seriously doubt it. This is yet another warning sign of foul play.

Review Verdict: Gates Way is a Scam!
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We sincerely advise you not to believe anything you see or hear regarding this fraudulent app. Hopefully, we have laid out more than enough evidence in this Gates Way review to deter you from signing up with them and set you back on the path of safety. Should you be looking for a reliable and legitimate and regulated FX, CFD, Crypto or Binary options broker, be sure to check out WatchDog’s Trusted Brokers list. For any questions you may email us directly at or comment below with any feedback and we’ll get back to you as soon as possible. Thank you for taking a moment to read our honest review.

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!
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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 or contact us directly via and we will be glad to assist you with any inquiries.

Bitcoin Loophole is a SCAM; Indisputable Review!

Make no mistake, the Bitcoin Loophole is a relatively new scam entered into the Cryptocurrency market by highly trained con artists! In some cases, Crypto based trading software’s have already been established as legitimate and profitable however, this is definitely not one of them. Our assessment shows there is more than enough evidence to debunk anything you may see or hear on From unregulated brokers to stock images and faked reviews it is crucial for all traders to read this Bitcoin Loophole review in order to avoid becoming the next victim of this unscrupulous scam production.

Bitcoin Loophole by the alleged Steve Mckay promises unsuspecting visitors a guaranteed sum of $13,000 in just 24 hours. They advertise the software as an automated solution for trading Cryptocurrencies which is still in it’s Beta Testing stage. The newly created app supposedly takes advantage of huge returns offered by minimal Bitcoin investments. Although the entire production comes across as a lucrative opportunity, allowing investors to lead a life of luxury after just a few days of trading with the dubious Crypto software, this Bitcoin Loophole review will expose the indisputable truth that will deter you from the guaranteed financial lost.

All traders need to be aware that should you mistakenly become involved with this fly-by-night programme you will also be exposing yourself to unregulated brokers. We began our assessment of Bitcoin Loophole by entering a fake email address on their home page with the intention of seeing which broker we would be assigned. We were immediately directed to Broker Official. This particular broker, located in Dominica, is not regulated and has acquired an exceedingly awful reputation since its inception in 2015. Additionally, some of our subscribers alerted us to the fact that Bitcoin Loophole makes use of unethical marketing such as aggressive email spamming. Should you receive any such emails, do not click on any of their links. Rather unsubscribe immediately and then delete.

A rather common ploy used in get rich quick schemes is the use of fake reviews. This tactic is present on the site. For instance, we see a testimonial by a man named Leo C. His review of the product states that after using the free software for a period of three months, he has managed to pay off his student loan and is currently in the early stages of buying a new house. We checked Google for any information related to his picture and discovered the man is actually not associated to the software by any means. This is clearly a stock photo as we found the same image on another site. On that site, the image is used as a means of displaying how a particular website plugin works. This serves to confirm that he is actually not a member of Bitcoin Loophole scam, only a fraud would use fake marketing tactics.

From the outset of our investigation, it was apparent that Bitcoin Loophole software is linked to another scam we previously exposed called the Bitcoin Code. These two fraudulent systems are almost carbon copies of each other. All one has to do is view each app side by side to notice the uncanny similarities. For example, Steve Mckay is presented as being the creator of the Bitcoin Loophole scam. However, when you visit Bitcoin Code website, you will find the same name displayed as the genius behind that system too. While we would love to consider this as mere coincidence, we know from experience that many scammers aim to target as many victims as possible, by releasing the same software under different names and a few slight changes.

The name of this software alone should deter any trader. To date there is no known loophole in Bitcoin. When Satoshi Nakamoto posted the whitepaper on bitcoin, he/she also uploaded the source code for the first implementation. The code and protocols have been public ever since bitcoin’s inception and have been reviewed by many different people hundreds of times. That is the advantage of open source software. Bitcoin has been going strong since 2009, so if there were any ‘backdoor’ vulnerabilities it would have been discovered by now and fixed. Furthermore, it is estimated that Satoshi currently holds the largest amount of bitcoins, and stands to become possibly the richest person in the world upon its success. There is no way he or she would have allowed for any sort of loophole, even in the original code, to compromise this. Therefore, it is extremely unlikely that these mediocre scammers have discovered some sort of vulnerability to exploit in the popular digital currency.

Review Verdict: bitcoin Loophole is a scam!
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We hope that this Bitcoin Loophole review has enlightened you to the many shameful tricks and schemes utilized by scammers, which can be seen in this fake investment service. Watchdog has exposed many similar scams and will likely expose many more in the future. This so-called trading software serves no purpose other than to pilfer from opportunists looking to profit from the latest Cryptocurrency investment trend. Interested in real FX, Binary, Cypto and CFD brokers? Visit Watchdog’s Trusted Brokers with full regulations to offer service around the world. Share your feedback below this review or any questions if you have any experiences or questions related to the questionable software.

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: 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!
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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 send us an email to 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.

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!
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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!
Blacklisted Site:

My Charge Back can help you recover your money from scams:

Visit our Review to learn more!

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!

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

Report BinBot Pro and the illegal brokers to IC3.GOV

Internet Crime Complaint Center for US citizens!

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. is a SCAM!

Be very careful of SpectroCoin Exchange. We have been receiving numerous complaints from customers pertaining to the unethical business practices of this exchange. Therefore, we have compiled an extensive review whose ultimate aim is to inform the public of the many complaints and violations experienced from past and current SpectoCoin users.

SpectroCoin is an online cryptocurrency exchange, e-wallet and debit card provider located at Vytautus Karalevicius, Mantas Mockevicius and Justas Dobiliauskas founded the Bitcoin based service in February 2013 under their company Spectro Finance LTD. Before we start detailing the bad side of this exchange, let us first take a general look at what they offer their customers. SpectroCoin currently offers four products to their customers. Below you will find a brief overview of the products offered.

BitCoin Wallet: Users can obtain a free mobile biotin wallet with which they can trade on the go through the buying and selling of bitcoins. The SpectroCoin mobile wallet app can be downloaded on Windows, Android or IOs. Users also have the option to send and receive bitcoins anywhere in the world. SpectroCoin claim their wallet is secured through various authentication methods so only you have access to it. Additionally they claim that 99% of the digital currency is stored in protected offline storage in order to secure funds.

Debit Card: The SpectroCoin debit card is linked to your bitcoin wallet and can be utilized much like any other debit card. The card is apparently accepted in most shops around the world and users can also withdraw cash at any atm on a global scale. Cardholders need not worry about exchanging their bitcoins in advance before using the card as it is funded instantly from your SpectroCoin wallet. The cards are available in dollar, euro and pound denominations. You can also choose either a virtual card or a physical plastic debit card. The cost of the virtual card is $0.50/€0.50/£0.50, while the plastic card costs $9.00/€8.00/£6.00. Delivery time is estimated at 3 weeks and normal shipping is free. There is a monthly card service fee of $1.00/€1.00/£1.00. Furthermore, as the card is offered in three different fiat currencies (USD, EUR, GBP) users may order up to six debit cards – two cards per currency with no verification process necessary.

Exchange: The exchange offers a platform in which to trade cryptocurrencies and the currently supported fiat currencies. SpectroCoin serves as the liquidity provider for its users, which translates, to customers being able to buy/sell bitcoins almost immediately. Although the exchange advocates matching orders internally, they claim that in instances where liquidity is lacking, they have the ability to access other exchange pools in order to offer better pricing. SpectroCoin’s digital currency offering is relatively small in comparison with other major exchanges. As it stands, they only offer three cryptocurrencies, which are Bitcoin, Dash and Ether. There are over 20 supported fiat currencies like USD, GBP, EUR, AUD, JPY, CHF, CAD, RUB & ZAR to name a few. The London based exchange also offers Gold as a market against the digital currencies. They have over 20 payment options with which to buy bitcoins for example local bank transfers, international wires, debit or credit cards, e-wallets and payment providers like Skrill, Neteller, OKPay and Payeer. Withdrawals are limited with only 10 options available.

Merchants: SpectroCoin offers both physical and online businesses the opportunity to accept bitcoins as a method of payment from consumers. This is done in the form of an API (Application Program Interface) as well as internally developed e-commerce plugins. Both the plugins and the API support main e-commerce platforms like Drupal, Opencart and Magento. The exchange takes place via the SpectroCoin brokerage and all settlements are automatically concluded in either USD, EUR or GBP. Scam Warning!

You may be thinking that everything you’ve read so far in our SpectroCoin review sounds like a wonderful all in one solution for bitcoin users. However, there is a dark side to this service. We spent many hours conducting investigative research, which includes but is not limited to, liaising with readers who have contacted us with serious scam allegations, as well as deeply scouring the web and reading through all the available information pertaining to SpectroCoin and its mother company Spectro finance LTD. What we uncovered is certainly cause for alarm and is what inspired us to publish this SpectroCoin review as a warning.

To begin with, all a potential user has to do is conduct a quick Google search on SpectroCoin and the majority of the returned search results will be negative. This alone is a major warning sign that something is amiss and not all may be as it appears on and their associated site Additionally, there are many allegations pointed towards the main founder Vytautus Karalevicus, of being a known fraudster. However, we noted that the main allegations stemming from actual SpectroCoin users are in the form of account blocking which then leads to user’s funds disappearing. Although Vytautus Karalevicus appears to troll certain sites trying to defend against such allegations, his excuses are unacceptable to say the least. Majority of the time he can found trying to turn the accuser into the accused by claiming they were violating the policies of, therefore had their account blocked while under investigation.

This however still does not explain nor justify SpectroCoin’s misappropriation of customer funds, including denying the existence of such funds or refusing to return said funds. In such an instance where a user did in fact violate any terms or policies found at, the correct way for any legitimate business would be to first issue a warning to said user. Should the user ignore the warning and continue in their behaviour, the ethical way to proceed should then be to close the users account and return any outstanding funds remaining to the user. Unfortunately, this is not how SpectroCoin operates. Instead, they choose to block the user from accessing their account for the above-mentioned reasons. When the now panicked customer tries to contact their customer support, they either are told that there are no such funds in their account or simply flat out refuse to return any funds. In our opinion, this translates to outright theft. Of which there is no excuse for. There are many trusted cryptocurrency organizations and bitcoin forums one can visit in order to verify these claims against this exchange. SpectroCoin’s reputation is sinking rapidly.

We also noted that this selective account blocking as a means to steal customer’s money generally happens to those with a slightly larger account balance. Hopefully this kind of thing can serve as a lesson to all investors not to leave any assets within a website. In the world of cryptocurrencies, the rule of thumb is that if you do not hold the keys to your bitcoins then you do not own the bitcoins, period! All of us need to utilize an exchange at some point in our lives, however, do not let your chosen exchange hold your funds. As soon as you have completed your transaction, immediately move your bitcoins off the exchange and into your wallet or address that only you control.

There are many other complaints laid against, these range from faking btc transfers, to depositing funds which reflect on the blockchain but do not reflect in SpectroCoin and many others. There is a lot more information we could add to this SpectroCoin review, such as the fact that simply Googling the words ‘’Vytautus Karalevicus scam’’ additionally leads to further allegations of his new ICO Bankera, found at being a fraud as well. However, you would end up reading this review for hours on end as there is enough information on that topic for another review altogether.

Review Verdict: SpectroCoin is a Scam!
Blacklisted Sites: &

In all fairness, we did note during our investigation that there was a minority, who stated they used SpectroCoin and had no issues. However, the majority led with complaints against the service. It might also be of interest to you that although they claim to be based and registered in the UK, we contacted the FCA (Financial Conduct Authority) and received an official reply stating that the company, which runs SpectroCoin, Spectro Finance LTD, were in fact not registered in the UK. In all probability, as they do list a Lithuanian contact address on their website, they are registered there and allegedly comply with the Lithuanian law. In this case, we would advise you, should you for some reason still consider using this exchange, that you read the terms & conditions carefully and brush up your general knowledge of Lithuanian law while you’re at it.

How do I get my Money Back?  visit

If you’ve been scammed, there’s always hope to get your money back. My Charge Back is a US based company that specializes in helping victims of fraud, recover their funds. We strongly recommend that you contact them for assistance with your dispute. Visit our review for more information on this powerful service. Feel free to share your feedback and comments below regarding on any other related service.

Bitcoins Wealth Club is a SCAM!! Honest Review!

The known fraudster Vitaliy Dubinin is behind the Bitcoins Wealth Club SCAM! We encourage you to read our factual review in order to get a clear understanding of what’s truly behind this offer. Before wasting your time and money, you should know that it is far from free. In the last weeks we received many complaints regarding and decided to investigate it further.

New users are being promised an automated system that can generate over 0.3 Bitcoins/day, on auto-pilot and absolutely free. In reality the only thing that is free is the promotional Facebook group, in which half of the users are absolutely fake. Once you become a member of Bitcoins Wealth Club, you will be redirected to Ponzi and Multilevel marketing schemes with no regulations, reputation or contact information. Vitaliy Dubinin makes his money by referring you to these systems using fake promises and selling you dreams.

Let’s start with USI-Tech, it’s falsely represented on as in reality is purely a recruiting scam owned by Ralf Gold who’s a known scammer based on research. The Co-owner Jao Severino was involved with the infamous AMC INVEST scam, and been banned from any financial activities in Portugal as a result. This is literally anonymous and uses an off-shore address in Dubai, and the business registration number provided is fake. In order to use their software, you must register with one of two very shady brokers Pure Market or ArgusFX. Bitcoins Wealth Club forgot to mention that you will need to pay 600 EURO for this 12 level Forex lifetime access offered by USI Tech, therefore joining this pyramid scheme is not free. At the absolute minimum you will need to pay 50 EURO for the simple Bitcoin package. This investment scheme, is not regulated under any financial authorities internationally which should deter any investor looking for a legitimate opportunity. A simple research for additional reviews will quickly deter you from this fraud.

We are not at all surprised to see that Bitcoins Wealth Club by Vitaliy Dubinin refers you to another scam, the Trade Coin Club. It’s almost as if decided to take the worst possible fraud operations and mix them into one system that will screw members from every angle, or in some cases train them into becoming fraudulent scam-artists such as in the case with Justin Verrengia who is a top scammer in Vitaliy’s network based on his Facebook page.  Back to Trade Coin Club scam, we found that it shares the same characteristics with other Ponzi/MLM frauds as the company behind it is unregistered, unlicensed, anonymous and reportedly doesn’t pay the majority of members. They do pay older members who refer enough victims by using new members money until the operation will collapse, and the the guy at the top runs away with the money. You can find more information on this illegal business practice on the FTC website. An interesting video was posted by J. Ryan Conley, who was a previous member of and exposed the scam on YouTube confessing to his part in the gig.

Vitaliy Dubinin excited about his Bitcoins Wealth Club Scam!

Another notorious fraud in connection with Bitcoins Wealth Club is Mindset24Global. Members have reported having to pay between $2,000-$3,500 overall in a tier plan system to qualify for “higher commissions” just like other MLM scams. We won’t go too much into the top-tier business model behind this but this is definitely not an automated trading robot and it has absolutely nothing to do with the trade or purchase on Crypto Currencies. The Kentucky, USA address points to some random companies that are not associated with this website. The domain was registered in July 2017 and lacks any credibility as the only people that endorse it are recruiters expecting a payment.

Vitaliy Dubinin and his Facebook group moderator Justin Verrengia are smart enough to sound convincing as they sell thousands of people dreams, surely they could’ve done some vetting and introduced potential members to honest investment opportunities instead. The scammers decided it’s more profitable to promote the worst of all Ponzi schemes created to meet the demand for the growing interest in Crypto Currencies. It would be great to get your hands on a true automated system that can generate money from bitcoins, however this is definitely not what you’re signing up for with the website.

It’s possible that new Ponzi and MLM schemes will be listed on Bitcoins Wealth Club, as these sites are often replaced and re-branded. is created in a way that potentially can cost each member thousands of dollars in order to qualify for the various offers. Remember the reason why you joined the website, you were searching for a reliable automated robot for the purpose of generating Bitcoin profits. If your goal is to become a recruiter, find something legitimate to offer your community and don’t let shady crooks like Vitaliy Dubinin and Justin Verrengia waste your money selling you dreams. Remember that not even a single company promoted by Vitaliy is regulated or follows FTC guidelines and when researching for feedback, you will find negative reviews associated with anything this guy promotes. His Facebook group is full of fake members used for authority, and likes can be purchased on, therefore you’re dealing with a clever crook. The domain was registered of 2017 and we couldn’t find any reliable website endorsing it.

Review Conclusion: Bitcoins Wealth Club is a SCAM!

Blacklisted websites:, and

Including the unregulated Forex Platforms: ArgusFX and Pure Market

Trying to get your money back from a SCAM? Visit and they will handle any credit card dispute or wire fraud professionally for you. My Charge Back is registered in Delaware and based in Cedarhurst, NY. They are owned by Cactil LLC, a Professional Consulting & Fund Recovery Specialists. Service in handling disputes is available worldwide. Visit our Review for more information on how you can claim your money back using the help of professionals in the field. For any questions you can email us at and we encourage you to share any feedback below our Bitcoins Wealth Review. Stay safe and thank you for taking a few moments to read this update.


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