The Binary Options Blacklist – Trader Driven Reviews & Ratings

In 2015 there are well over 100 binary options brokers. You should avoid most of them.

Our Recommended Brokers – Legit

Broker ReviewsBlackList RatingEarly ExpiryAvg ReturnsMin Trade / DepositUSA?RatingsTrade Now

The Blacklist – Brokers To Avoid

BLACKLISTEDRatingEarly ExpiryAvg ReturnsMin Trade / DepositRatingsSee Warning

Helping you avoid the scam brokers and find the legit ones is why we created the trader driven Binary Options Blacklist. We welcome you to our virtually ‘no holds barred’ ratings, comments and broker reviews website.

Binary Option Scams, Ripoffs, & Bad Trading Sites

If you have been burned by a scam broker the past then know that you are not alone. The binary options industry is rife with allegations of cheating, stealing and outright scamming. We encourage trader driven comments and ratings so you can get real information before risking your money. We wanted a resource traders could trust where they could find links to relevant information and reviews and comments both good and bad. You can find that here and more. The “BOBL” serves as an uncensored comments, ratings and reviews website.

Approved – A green badge means this is a broker that we trust. We would and or do trade with today. These are the current leaders of the binary options industry, & where the majority of traders are trading today. They have a positive reputation in general, a track record of integrity, fairness and competitive returns. We feel most confident trading binary options at these sites.

Use Caution – A yellow badge means that we have not done enough research to decide on this broker yet. This is a broker that has been recommended by others as a place to trade. There was not enough info to make an informed decision about the broker to rate them green or blacklisted. Comments and trader reviews highly encouraged on yellow rated sites to help educate everyone and update our ratings.

BlackListed – When a broker has the blacklisted red badge this means that we would not trade there. There is enough negative information found through our research that we decided this is not a binary trading broker that we would feel comfortable depositing money at. Since we would not deposit our money there, they get the Black List badge.

Binary Options Trading Sites Listings – How We Get Our Top List was created to act as a place to quickly find the good brokers from the bad. Try one of our recommended binary options brokers above. Our short list of quality binary options brokers make up some of the most reputable and popular binary options brokers online in 2015.

We have spent dozens of hours researching the popular trading forums, searching the trading networks, working with traders and brokers alike to help and define the quality sites to trade at. We also spend dedicated hours each week keeping up with the latest on the industry. While we have done and continue to do a lot of the work, we of course 100% recommend that you personally do your due diligence! Do not trade at a site that you personally do not feel comfortable at.

Real research, real ratings, uncensored comments. We will work not to censor the negative comments on brokers at this site. Of course anything illegal we will have to take down but if you have a bad experience with any broker, even any of our top listed ones, we will not delete your negative complaint. Tell the world what you think and then share the link to your post on facebook. Go for it.

If you are considering making a deposit at any binary broker you owe it to yourself to research before you deposit. Look at the brokers recommended by traders today. Do not believe the bonus review sites you see out there that list brokers based on who pays them the most.

Bad Ratings – Scam Claims – Frauds & Thief Complaints – What Gives?


Check this chart of Binary options scams vs Binary options searches via google trends. As you can see the actual scam search is multitudes lower than the overall volume. In general most people do not claim scam. However even that some volume of search traffic appears on this google trends graph at all means that there is significant search volume from people who feel they have been scammed.

You can lose money trading binary options. Everyone loses trades. No one trades 100% winners for any volume of trades. A lot of people can not control themselves and lose a lot of money. When they lose, they are pissed. They get pissed and they want to blame someone else. Sometimes when people lose a lot of money they get angry, feel cheated or just want to blame someone else. They google for other complaints on their broker and usually end up here on this website.

Take the negative reviews, scam complaints and pissed off comments with a grain of salt.

People in general are way more likely to leave a negative review than a positive one. That is why you will see a lot more negative reviews, even for our approved brokers that are not blacklisted. It is human nature to leave a negative comment or rating more so than a positive review. People will go online and complain and warn others about how bad something. Rarely do they go online and praise a business unless they are being compensated in to do so.

Losing money in trading is not unique to binary options trading. It happens in FOREX, stock markets, futures and real estate all the time. Now, that is not to say that there are not bad brokers. There are! That is why you need to read the independent reviews, comments and ratings you can find on the broker listings page. You should not think that all you have to do is just deposit a chunk of money at any binary trading broker and start making fast cash hand over fist pushing a button again and again.

Independent Binary Broker Reviews – Comments and Ratings From Traders

Visit any of our reviews and scan through the basics and our outline and rating of the site and then scroll towards the bottom. There you will find a growing list of comments from visitors. Read through actual trader comments and decide for yourself. Our overall goal is to create a trader driven review / ratings guide for todays binary option brokers. That idea makes our idea of independent trader reviews different than most of the broker listing sites out there.

The reviews and ratings on our site are different. Most websites dedicated to reviewing binary options brokers are full of BS. The reviews on many so called binary option review sites are written by marketing people to tell you how excellent the broker you were searching for is. While we certainly earn income from this website via the brokers listed, we strive to keep our trader reviews uncensored. You will see plenty of people bashing our top listed brokers in their reviews. So be it.

We strive to make the editorial reviews on BinaryOptionsBlacklist informative, factual and covering all the important basics. Then, we let other traders tell you what they think. Sure our editorial reviews list out the facts about each broker. The stuff you want to know like what kind of trades available, what are the average returns, what commodities you can trade, if you can close early or not etc etc. We provide that info. Then, we want to leave it to the traders themselves to provide honest, independent reviews of the brokers they trade at.

As this site continues to grow, the other traders will do the talking more and more. Now keep in mind that the far vast majority of people who really visit review sites and leave reviews leave negative reviews. It is just the way it is.

Complaints Board – Trader Advisory & Warnings

During my research, I compiled a list of binary options brokers that I had seen heavily advertised online but that after researching them myself they went on my “I would not trade there list”. I decided to publish that list, and my research notes, affectionately called my binary scams list to myself.

This black list is where the brokers are listed if I wouldn’t deposit my own money there. During my research of brokers, I started amassing piles of information on the different trading sites. I had notes, scribbles and links to whatever I thought was important. As my list of binary trading sites I was willing to trade at shrunk down to only a small handful, the list of binary options brokers I was not comfortable trading at grew and grew.

I’ve spent dozens of hours googling binary options brokers. Countless hours sorting through thousands of forum posts. I’ve read complaints on the bitch boards. I’ve read reviews on the legit binary review sites. Why? To build a list of and put all the rest into the “binary options black list”. Our reviews and pages on the binary brokers will be comprised of the basic facts about the broker and then the rest is real trader reviews and ratings. Most binary review sites are not worth the webpage they are typed on. The reviews are biased from advertisers trying to sell you on how good something is. Often time, the most rouge binary option sites offer advertisers and affiliates the biggest pay days for delivering unsuspecting traders into their waiting clutches.

Binary Broker Ratings & Listings

Now, I will be honest. It does not take much to make it on the binary options blacklist. As a matter of fact, all you have to do to get on the black list is to not make it on the short list of good binary options brokers.

If I am seeing more than the typical bitching from people who lost money making bad trades then you are going on the black list.

Since binary options are all about one or the other choices, I decided to treat the black list the same way. Brokers are either on the legit binary options brokers list or they are on the blacklist. One or the other, binary options style.

So, that means that if a broker is on the blacklist it does not automatically mean that the broker is a scam site. It just means that the particular broker is not in my short list of trusted binary options brokers for any number of reasons.

We are not calling binary options brokers scams! Even if blacklisted. The black list ratings reflect our editorial opinions on where we would trade binary options at and is formed from extensive research and experience with the current binary option industry today.

Bringing out the negatives is important.

We also might make fun of a broker as well. Sometimes total fiction Because by stacking up how many bad things, or the type of bad things a broker has historically done, will help you find the right binary broker for you. One you can trust, one that is safe, one that is legit and one that other traders recommend. I have read enough reviews in my time to know the difference from a disgruntled mouth breather shouting off because he lost the electric bill money making bad trades and the legitimate complaints about shady brokers.

You can read my notes (sometimes limited, sometimes in depth) for all the brokers in the binary option broker ratings section. This will give you more understanding on the particular broker you are interested in. I’m skeptical from the get-go. And being a site about binary options, that means it is one or the other. You are either on black list or not. Being on the black list does not necessarily mean that a broker is bad or evil. Not at all. It just means that I am and would not trade there because I believe there are better choices.

Being on the black list does not mean the broker cheats or is a scam. We are not alleging that any broker is doing anything illegal. That is not the goal of this site. We are opinionated and if we think a broker deserves to be on the black list then we will put them there.

Sure, some binary options brokers are scam sites. I’ll black list them right along with other sites that are places that I wouldn’t trade. What’s the difference if the black list is meant to be a list of sites where we can not recommend trading. That is one easy way to make it on the black list, and that is to get caught cheating or scamming. Many of these black listed binary brokers are referred to as bucket shops. Your money goes in the bucket but never comes out. Withdrawals are a nightmare, trades aren’t executed as per agreement and spreads and expiry times are not always kosher.

Full disclosure – You should assume that any of the external links could result in earning this site income. This is one of the ways I have been able to share my research in the growing niche of binary options. Trading binary options involves high levels of risk. Never risk more than you can afford to lose. This site is for entertainment only and offers no trading of any kind. By use of this site you agree to hold us harmless for any and all loss as well as obeying all applicable laws. Binary options have a high level of risk and you can lose your entire investment. Never deposit more than you can afford to lose.

We wish you the best of luck on your trades!


174 Responses to The Binary Options Blacklist – Trader Driven Reviews & Ratings

  1. Joel Arches says:

    I’m glad that OneTwoTrade is one of your approved site. Even Michael Freeman of Binary Options Channel also thought that OneTwoTrade is legitimate and put up an apology at Youtube. Check it out here:

  2. Chris Engels says:

    Don’use NRG Binary. They are quick to get your deposit and they will phone you to deposit more but when you want to withdraw you dont get your moeny from them.
    They are big SCAMMERS

  3. Farida says:

    I deposited USD250 and since I decided to withdraw after reading bad reviews, Paul James decided he will refund me only a portion because I have not traded. What a bunch of crooks. He is disappointed because he was waiting for UD5000 to be deposited so he could live a better life conning people. Be careful of BIG OPTION, bunch of crooks, who will steal from the poor. what a shame on you!

  4. Kimberly says:

    Is Elitetrader legit,It claims you will make 1100 a day with 1 account,2200 a day with 2 account,3300 with 3 account and brokers fee is paid at the end of the month,fee is 1500 dollars.It is atomatically deducted.

  5. Kimberly says:

    Is Elitetrader legit,they say with one account you make 1100 a day 2 account you make 22oo,with 3 account you make 3300.The broker fee is taking out automaticaly at the end of each month. I think the fee is 1500.

  6. Terrence says:

    I wish to bring your attention to CVCoption, some of the reviews here are harsh, while at the end of the day, I did make a successful withdrawal from them. I opened the account back in November, they offered to help me with trading, but I wanted to do it myself, and I traded a little bit and it didn’t seem to be winning too much, so I requested a refund of the remainder of my balance. Of course they told me that in order to make me win, I needed to deposit more, but I insisted on the withdrawal, and then It arrived back to my credit card within 1 week! So I believe CVCoption is a legitimate company, and are very honest to their clients. Having going over some the other comments here, I can understand that you’re experience was bad, but have you looked at the site’s terms and conditions before taking any action. I believe that some users don’t understand what they’re getting into before trading.

  7. Allison says:

    CVCOption take my money! When I try to get my $250 back nbecause I don’t like their binary option platform they cancel my withdraw request, then give me $100 more in some stupid bonus without checking first or asking me if that was ok. Then when I call their NY number in the USA they say I am yelling too much and hang up on me when all I did was ask them to take away the bonus so I could get my money I invested back on my credit card because with the new $100 bonus in the account they told me I had to make 3 times the amount now of that bonus to get any new money withdrawn, then they just email me next and close my account for no reason telling me that they were keeping my money, that I had requested for too many withdrawals! They might as well should have told me instead: HEY, WE ARE GOING TO STEAL FROM YOU NOW!
    Total crooks! I am going to report them to a fraud department and inform the BBB too about them.

  8. Bujiboy says:

    Good Day to All!
    I just discovered that there are basically three types of brokers;
    1) Bucket Shops………who make their money on our losses, which means
    that they are invested in our failure.
    2) Insured Brokers…..who are NOT dependent upon our losses to profit,
    but actually make their money regardless of our trading outcome.
    3) Pre-Purchased Options w/Liquidity……which, likewise, are not dependent
    upon our losses to profit by
    I’ve been combing the web and have found very little about this topic or types.
    So, I present it to YOU, my fellow traders, what are your insights and
    is there anyway of knowing which BO Brokers are which, of these three?!
    Do they happen to be the ones recommended on this site perhaps?
    Gods Speed,


    My name is Jerson,

    Four Markets Binary options broker is a total scam. Their work is cheating people and make money with our deposits. I tried to make a withdrawal on November 2014 and today (January 31st, 2015) I am still waiting the deposit in my bank account. They kept my initial deposit and also my profits.
    If you want to lose all your money and the job you make putting trades in their fashion platform, then, it is up to you… But this is a warning.
    My account in this garbage broker is: if you (4markets) want to talk with me about your scams.

  10. Daniel Worthon says:


    My name is Daniel W and I made a deep investigation about OptionMint operation ( off course after loosing money as a results of credit card fraud ) !! I hope the following information will be useful to anyone that thinking to engage or already unfortunately is engaging with these corrupted , scam-bags criminals !

    The first think people learn in OptionMint is to lie to clients !! Please read the following :

    1. The operation office is located in San Jose Costa Rica and NOT in Toronto ( Toronto is a FAKE location that never exists )

    2. In case you already deal with someone from the office , keep in mind that all the personal has a FAKE NAMES ( actually this is the first thing the office management provides to any new employee )

    3. NO ONE in the office has a brokerage license !! (they may want you to believe that they have ). The majority of the ” brokers ” are NON- legal workers in Costa Rica , having acceptable English vocabularies and getting paid 5$ per hour to lie and hold credit card numbers from people around the world ( again it may be that Costa Rica provides the operation with a shield against lawsuits )

    4. The second thing you learn in OptionMint is basically to avoid from clients to cash out there money !!… as well as and not only, how to get money from senior citizens , social security holders and poor – desperate people.

    5. For any more information that may help someone send to :

  11. paul says:

    I need help with my money , Everyoption , has 35000 euro of my money and it making trades of 2500 euro, in 5 trades a time, they charge me 2500 for every trade so i can’t make money with everyoption. I unfortunately got 12500 in bonues, i have 38 trades on my account . with 19 losses, and i got back only 1500 euro , they empty my bank account on the 23 december 2014 and i have been trying to get my money before it all lost
    please help me

  12. Mike says:

    OptionMint & OptionQueen UK,Canada, Australia are a scam sorry I was unable to find you earlier. Some retired people have lost with them over 45K I have lost much less. I just want you to know on your site that they are not to be trusted. Two hundred fifty win was in account also. Disappeared when asked I was told they would check into it. That was four months ago. Requested funds Nov. 3rd to today Jan. 23,2015. Told in a few days. They have said that for three months. Just would like them put on your thief list. I will refer others to your site.

  13. Tom says:

    Dont trade with or any binary options company owned by Expert Consulting Ltd.. They are the worst thieves ever! This people steal for a living.. You wont get your money back..

  14. Emmanuel Otoijamun says:

    CEDAR Finance are definitely rokes. They do every thing to make you get bonus, telling you that you need it and its a benefit. WITHOUT mentioning any thing about it affecting your withdrawal. Only when you want to withdraw will they refer you to the clause that say you need to trade 30 times the bonus amount before you can withdraw any money…Including the money you deposited. They are thieves!!! Run away from them.

    Emmanuel Otoijamun

  15. Willem dwindt says:

    Can you tell me of yesoption is still on line ?

    I try to sign in with my password and user name………but sill not works?

    Is there something wrong?.

    Willem dewindt

  16. Michael says:

    According to CherryTrade, they do not allow USA citizens to trade!!!!! (Author, you misinformed us!). I spoke with Robin by online chat. She said they will be REGULATED in a few months.

    • Caffeine says:

      I contacted CherryTrade about this and they do accept USA traders. There was a mis-communication between you and the support rep.

      CherryTrade does 100% accept US traders as of now (1/29/15).

    I would like to inform all binary/forex option traders in the U.S, Canada, UK, and other parts of the world, to beware of this online broker: CVC Option Building Capital.

    “My Complaint Against CVC Option Building Capital”
    Back in the month of November, I opened a trading account through Quattro Bot out of Germany, who’s trading robot was linked to CVC Option platform.
    I funded the account with $250..USD, for the Robot to trade with. Within one week, The Quattro Bot doubled my initial invest of $250..USD to: $674.00…USD. Shortly there after, I began to experience some problems with CVC Options, as the robot began losing trades, and I was unable to access my account in order to turn off the robot. However, after sending several emails Quattro Bot support team, including phone calls to CVC Option, they disengaged the robot from placing further trades.

    “Withdrawal Problems with: CVC Options.”
    On the 11 /26/2014, I requested a refund at CVC Option site, in the amount of: $590..USD. and they cancelled my withdrawal request for no apparent reason.

    When I placed a call to CVC Option customer support department, one of their customer relations personnel informed me, that they could only send me my initial deposit in the amount of $250..USD back to my credit card, and the balance of $340..USD would have be sent as a wire transfer. However, after much dialog with their support department, including one of their agents being out right nasty to me, I was told that I had to log into my account, to place yet another withdrawal request in order for their accounting and billing department to send me the $250.USD. Well finally, I was able to receive my initial deposit back from CVC Option.

    Additional Problem With My Final Withdrawal (PROFIT) From CVC Option Building Capital.

    On the 12/29/2014, I requested another withdrawal from CVC Option: to send me by wire transfer, the balance in the account which was and still is, $340..USD. And by the way, this amount is pure profit, and this money belongs to me, not CVC Options.

    In addition to this information I’m sharing here with you, CVC Option sent me a reply that I needed to send them verification documents again, log into my account, and place another withdrawal request in order for me to receive the wire transfer in the amount of $340.00 USD? What a shame quite frankly this was to me.

    Question: I’d like to know whatever happened to my verification documents they requested prior from me, to send the $250…dollars back to my credit card? ” This was nothing more than CVC Option stalling to pay me what rightfully belonged to me, and this is happening to many traders around the globe from these unregulated brokers.

    In other words, We traders, put so much effort into being compliant right from the start, using our money to fund their business, and when the time comes for us to withdraw initial deposit, profits, they make it look as though we must beg them for send us what rightfully belongs to us. This is nothing more than hell in wheels with some of these brokers. Now I’m not stating here, that all binary options brokers are scammers, “OK. But what I’m saying is: There’s a whole lot of greed, nasty, brokers out there and they don’t care about anything but to line their pockets with your money.
    In conclusion:
    On 01/06/2015, I logged into my account with CVC Option, only to discover, they didn’t process my final withdrawal request, but instead, they cancelled my withdrawal request? So the real question is, what have I done CVC Option for them to treat me this way? Well, we all know the story. These unregulated brokers are popping up a dime a dozen and invading the North American Market, in order to bleed people out of their hard earned profits.

    But there is a God above, who’s in control. My next move is going to be a decisive one, as I now have access to the Forex Peace Army, Media outlets in the UK, to followup on CVC Option and their dirty scams. Let me assure brokers, you don’t want any negative information to end up in the hands of the Forex Peace Army, because they’ll shut you down and very quickly too. So please traders, do not fund an account with CVC Option, because they are one of the most dishonest brokers to trade binary options with. Once again I repeat myself, do not fund an account with them whatsoever. Save yourself the heartache, and grief beware of CVC Option Building Capital.
    Sygmund Williams,

    • Patricia says:

      I too have been taken by CVC Options. They are truly theives. In less than two weeks I lost $1000.00. The first loss was when I deposited $250. I called and was told that since I put only that amount in (which I explained was what Victor at Guaranteed Wealth said was all I needed to invest. When I call them they referred me to CVC. CVC stated since it was the minimum deposit the automated system was what lost my money. So, they said if I put $1000.00 in they would match it and I would work with a Senior Broker named Jason. At promised I did get to talk with Jason and he proceeded to tell me which “buttons” to click and to wait 24 hours. Guess what was lost? All but $175.00. I got a call from another senior broker who said that they apologize for my loss and that Jason was sent home for a few days as he did not perform as he should have. So this other senior broker said he was going to help me take that $175 and build it back up – so I clicked where he said too. He said it would be a few days because we were doing a different kind of trade. All but $7 is gone and no one will talk to me, respond to my emails nothing. Oh but the other day I got an email promising great reward if I deposited more money. No, I did not fall for that one. In researching scams on the FBI website I ran across the most interesting scam called “Pump and dump” – here is the definition of this practice. It is to a tee what they did to me.
      Market Manipulation or “Pump and Dump” Fraud
      This scheme—commonly referred to as a “pump and dump”—creates artificial buying pressure for a targeted security, generally a low-trading volume issuer in the over-the-counter securities market largely controlled by the fraud perpetrators. This artificially increased trading volume has the effect of artificially increasing the price of the targeted security (i.e., the “pump”), which is rapidly sold off into the inflated market for the security by the fraud perpetrators (i.e., the “dump”); resulting in illicit gains to the perpetrators and losses to innocent third party investors. Typically, the increased trading volume is generated by inducing unwitting investors to purchase shares of the targeted security through false or deceptive sales practices and/or public information releases.

      A modern variation on this scheme involves largely foreign-based computer criminals gaining unauthorized access to the online brokerage accounts of unsuspecting victims in the United States. These victim accounts are then utilized to engage in coordinated online purchases of the targeted security to affect the pump portion of a manipulation, while the fraud perpetrators sell their pre-existing holdings in the targeted security into the inflated market to complete the dump.

      Tips for Avoiding Market Manipulation Fraud:

      Don’t believe the hype.
      Find out where the stock trades.
      Independently verify claims.
      Research the opportunity.
      Beware of high-pressure pitches.
      Always be skeptical.
      For more information:
      – Operation Shore Shells investigation

  18. Delroy says:

    Binaryapp-810 has robbed all my money.They are a SCAMMMMM. Please do not trade with them.Why are these people so evil.I have been hearing good reviews about auto binary signal.The thing that i like most about them is that they do not tell you which broker to join and invest with.I think that is a plus for them.I can’t even try them now because my credit card has been maxed out thousand of dollars by the scammers.They include 100percentbot and quickcashsystem,just to name 2.I am reading like hell now so that when i invest again i will reap the rewards i so richly am searching for and deserve.

  19. Krys says:

    Has anyone heard ANYTHING positive or good about Elite Trader App or My Online Business? It sounds far too good to be true. How about a “Juan” with 2014 millionaires? Regrettably, I too have been ripped off by some of the scummiest people-shaped buttmonkeys that are out there. I hope SOMEONE out there has a legitimate binary options dealer that is actually honorable, honest and doesn’t believe in blatantly stealing what isn’t theirs. I know that’s a tall act to follow but I refuse to believe that NO ONE out there is honest. Thanks for your time everyone & I hope you find something reliable and trustworthy as well.

  20. erwin rafael says:

    i lost 250 dollars when i register in quick cash system’s brokers.. how sad…
    my atm debit card was deducted 250 dollars from nowhere since im trying to register from that kind of system…now, im mapping up with winds on how to get back my money…bad seasons…tsk2. i dont know if banks issued insurance for that lost.. i feel very bad. when i register, it says “invalid card number” then lately i realized i lost 250 dollars…

  21. Elly says:

    anyone heard of vxmarkets??

    • Carlos says:

      Yes i’ve been trading with vxmarkets for a few weeks. I had a very good experience with them. I made some profit and my personal broker offered that i should withdraw the initial investment (250$) so now i’m trading just with my profits. The withdraw was very quick in comparison to other websites that gave me a realy hard time.

  22. scott says:


    They are pure SCAM. I can show screen shots of all my requests for my money profits and they keep canceling the requests for my money. So you are full of BS if your saying how great they are. I got solid proof. Ignore my emails and when I call they hang up on me. CVC OPTION = SCAM

    • Patricia says:

      Yep – that is exactly how they treated me. So now I am sending my information on to the FBI Scam site with my screen shots and emails to and from this company.
      You are lucky – I lost $1000.00.

      • Sygmund says:

        Hi Patricia,
        Thanks for sharing your CVC option concerns. Like you and scott, we all came across a very bad Web Based Trader. However, I am doing my best talking with Law Enforcement agencies both in the U.S and the UK regrading CVC Options. They will get shut down as I have an inside edge on them. Finally: I got a reply from CVC options last week, that in order for them to send me my $340 USD by wire transfer, I needed to trade: $250..USD X 30 which equals: $7500, before they’ll send me the funds. What a bunch of crazy people? I did not take or receive a bonus from CVC option. So thefore the profit is mines, and I’ll get it when Interpol, recieves a full report from the FBI, as they are treating this as a serious Fraud.

  23. Edd T says:

    Can somebody tell me that the Quick Cash System is legit? Please? Why?

  24. Jo2711 says:

    Please check and give feed back about if it is legit or a scam?

  25. tres says:

    all binary options are SCAMS!!!! they get all your money

  26. Kyira Sam says:

    How about Is it legit or scam? Really need to know about them before i deposit real money in it. Thanks if prove infomations.

    • Dallas Johnson says:

      Not 100% certain, but if I have not received any emails from them after I placed a few trades, I played $! bets. the first one narrowly won, I would have been content if it had been declared as OM. the next which I placed sometime later, which I was very careful to place nearest the lowest gaps in their chart, having a better chance of being IM, which I watch at expiry countdown, finishing well up on the call area of the chart, in fact, I think 2/3 or even 3/4 of the way to the top, finished, according to them, OM or, out of the money.I haven’t tried trading more, but, I didn’t see any sign of my “free” $10.You can try them, by depositing . But I found that another $20 NZ broker, Galleas Financial turned out to be the worst, manipulative, rude broker, cheefully peeling my money from me.The smartass, on chat, said I was acting like a little child, I am 64 years of age, such insolence from some little prick from Bulgaria or similar area, when I told him I was going to report him to the NZ Regulator, he scrubbed the child reference from the Skype conversation.My advice, being to stay well away from really low depositing brokers.An exception may be MarketsWorld, however, enter at your own risk.I have dealt with many Binary Options and as in the case of forex, in Galleas’ above know many of their tricks and potential rip off traps.I hope this helps you with IQ options, to try, or not to try, dilemma.If you do, familiarize yourself with how the menus work before trading, and buy low for put and wait for the highest you can get for up, or Call bets, place according to the low and high points in the chart and you may win!!

  27. George says:

    Hi Guys –
    Sorry to hear of all the scammers who have taken your money.
    I know of what you speak, as I too have been at the receiving end of some of these.
    Just watched a video recommended by Roy at Scamwatchdog –
    Name of promoter is John Callaghan and his program is called – Binary App 8-10
    They suggest to sign up with one of two brokers – LBinary or BigOptions
    Noticed a couple of your replies above, were that LBinary was a scam broker.
    Has anyone dealt with BigOptions broker ???
    Question is – Should anyone deal with any program, which recommends a broker who has proven to be a scam ???
    Roy states that this guy is legit and that he has received several good feedback comments and that his system does work and give back good returns.
    So, where does someone go from here ?
    Has anyone had any experience with John Callaghan and his program – Binary App 8 – 10 ?
    I need to find an honest, successful broker and program, as I too have reached a point where I am on verge of retirement as well as losing the employment I have at present but do not have the funds to retire.
    Can anyone tell me if they have found the Holy Grail of Options Brokers and Auto systems.
    Thank you

  28. Katie G. says:

    CTOption has been a good broker for me and Roy recommends it on his Scam Watchdog site. So far they have sent me two withdrawals that I requested, though the second took longer than I thought it should have I eventually got it.

  29. Mike Brown says:

    Citareds is a big scam, they have charged my card for 5 times with no permission!

    The owner of the company is a US citizen Jason Scharf

    Dont deposit any money with them, you will never see it again!


  30. Jason says:

    Base2trade are evil.
    Deceived me into depositing over $20,000 now ignor my withdrawal request
    Harrison Jones, Scott Haris and Martin Jackobson are all Liars
    NEVER DEAL WITH base2trade!!!!!
    Deceptive liars.

  31. Georgina says:

    I would like to say that with Titantrade you cannot complain about the customer service because there are NO customer service. You can hold onto that call for 2 hrs and no one answers your call. Withdrawel requests gets ignored and you cannot get any response from them via email either.

  32. Anna says:


    I just want to warn people against NRG Binary. SySEC has issued several warnings against them due to the numerous complaints they have received, but unfortunately I missed those when I opened an account with NRG Binary. Their website looks very professional, which fooled me.

    NRG Binary refuses to let me withdraw from my account. This is directly AGAINST their written withdrawal policy as published on their website.

    First Eli Jones did 5 unauthorized debits against my account for $1750.
    Then he refuses to allow me to withdraw money. I received an email saying I’m not allowed to withdraw money.
    I requested $1000 on 5 August 2014. I requested $1350 on 12 August 2014. I requested $1400 on 26 August 2014. All requests were denied for no reason.

    They don’t even care if you report them to Sysec. There are so many complaints against them already, one more does not bother them.
    They pretend to be a large company, but they only have only a few people, all of them dishonest. They pretend to have a customer care department, but that also does not exist. I have written 22 e-mails to customer care and did not receive ONE reply.
    Most of the content on their website is bogus.

  33. Sugandh Sarkar says:

    I found only 7(seven) binary options brokers in the top 10 list. I request everybody to share good experiences as well with other binary options brokers. So that admin can add more binary options brokers in to the safelist.

  34. Lois H Aring says:

    I let OptionMint talk me into 2500 at a time because they always needed more money for me to be successful.They had a broker that would do the trades for you.One name was
    Chad Williams. When I called to make a withdrawal , they said I had already withdrawn all my money through chargebacks starting on June 29. Of course we have all of our bank statements to prove we received no money into our account , nor did I do any chargebacks.
    They stole $30,000 from us , and although I have reported them to Option Watch Dog 3
    times they are still not considered as a fraudulent company. Their ad says they are the best out there. Sure, if you want to lose lots of money in a hurry!! Stay clear of them.

  35. Ronald says:

    Hi, does anybody know www cashminisitesystem com? I just for interest looked at their endless video presentations promising wonders. I just wonder, why they can pay their support team with only a few hundred members. And, I have to hurry, they have only 7 spots left as I write this (;-)). One may start with 250$, becoming a millionaire after 3 months.
    By the way, thank you for this webpage.

  36. Phillip Faulkner says:


    Mayfair Options Binary Trading platform is a scam. They suck you in with promises of quick and simple returns.

    Beware because their whole aim is to get you to invest more and more on their site and then take it all.

    They feed you with lie after lie after lie, from junior brokers, so called senior brokers, analysts and the finance team – all liars – do not believe one word.

    So after they blatantly lied to me and stole my entire account balance, so I wrote to the Senior Management 3 times and got no response at all. I can only conclude the whole company is a scam.


  37. John Harris says:

    I had issues with One Two Trade and and their withdrawal, looks like they refuse to give me my money back any suggestions on how to get them to pay back my cash, or are they not legit? The only company I have been trading with consistently and who actually pay me is, think will stick with them now instead of trying anyone else, seems like only legit company in binary at this point. Anyone else on their platform who want to chat about trades?

  38. Mikser says:

    I did some trades with btclevels with good profits. Don`t know why there is no any info here about this company, but you may try it too. It seems not bad…

  39. Sarah Hall says:

    I have been trading with Goptions for over 6 months, they are great and have AMAZING customer service. Best thing is I have not had any issues to withdraw my profits from them, which has been my biggest problem among pretty much all binary brokers!


    InstantCashClub is SCAM. Beware of this auto trading platform. They are cheating traders like me. I deposited $250 with the InstantCashClub recommended broker LibraFX. In the first week 9 trades occured. 5 Lost & 4 Won. Amount won was $98 Amount lost was $111 Hence Net Proft was $-13 So my account balance should have been $237 But when I checked the balance, it was shown as $-20 (minus) InstantCashClub trading area screen also showed that 4 positions as open. But when I logged the web trader platform of LibraFX, there was no open positions. In this way my deposit of $250 was blown away by InstantCashClub. Never get away by InstantCashClub’s false promises. You may lose all of your deposit.

  41. Gy says:

    Does anyone withdrawal with CVCOPTION successfully?
    I request for withdraw of USD 19,999.00. They ask me to pay 6.85% withdraw fee first, then they would wire transfer to me. After a week, I am still waiting for the money. What should I do?

    • John Harris says:

      Its probably a scam, maybe call someone at the FCA?

      • adrian d close says:

        Binary options are not yet covered by the FCA.. a consultation process is due to begin in the new year with a view to bringing binary options under the FCA

    • Phound says:

      I had never even heard of CVCoption until they illegally removed money from my checking account in the U.S. According to my bank, CVCoption had somehow gained access to my debit card information and had helped themselves to my money! Thankfully, my bank reimbursed me. They began an investigation into these folks. CVCoption doesn’t just lie. They engaged in blatant theft.

    • SCOTT says:


    • Hello Gy,
      Hope all is well with you in spite of not being able to with draw your $19,999 dollars from CVC Options.

      In fact, I just posted a rather lengthy report on CVC Option and the dirty scams they are pulling off on people around the globe to process withdrawal request. You should’t have to pay them a red cent, as they are bankers, they are not a financial institution either, but rather they are an “unregulated broker. If you are having trouble getting your withdrawal, then I suggest that you go to: Forex Peace Register with them, then post your complaint at their site, they are pretty good at helping traders get their money. However, you must have transcripts of all emails to CVC Option. In fact, let me say this, The Forex Peace Army is the last place on earth that binary option brokers would like anyone to publish any negative information about them. So good luck and I’ll keep you in prayer too!
      Dr. Sygmund Williams

  42. anthony ronan says:

    dont touch LBINARY. please Google complaints at least. Scammers. they are a scam. Dont touch. Unlicensed. read the terms and conditions. It actually says they can take your money at any time as when you deposit with them, the funds belong to them….DONT TOUCH LBINARY. They are refusing to honour my withdrawals. Im in the same boat as hundreds of others. Just Google these scumbags. Affiliâtes are pushing them so are part of the scam. YOu can kiss your money goodbye. Stay with a licensed firm such as the list above

    • Richard Lowe says:

      Lbinary i am trying to get my money back from them, closed my account on 2/12/2014 still waiting, no bonuses just my money, there sent me email on 3/12 saying pending then 10/12 saying technical problem we put it in as urgent for you still waiting

  43. Shirley says:


    Affiliate Manager for OptionTime

    Please contact me.

  44. Me says:

    Deposited $1000 to
    Would like to withdraw $1000, they don’t respond,
    numerous email, no reply.
    Been 3 weeks now.
    Can anybody help where can I file a complaint or take legal action ?

  45. KW says:

    Has anyone used RBOPTIONS and MyCashBot for trading? I just signed up and the auto trader lost 2 trades already, but they promise something similar that was mentioned about making almost 2000 a week, and doubling your initial deposit which didn’t happen nor can I get in contact with customer support. I’m beginning to think I made a bad choice and try to see if I can withdraw my investment. But it’s still too early to tell. Any input would be nice!!

  46. Danilo Perez says:

    Anyone heard or traded with XB24 Broker? can you please give some info? I could hardly get any . Thanks.

  47. Mike G. says:

    This is a really good article. I also learn about the good and bad brokers from — they have some of the best info available, and most up to date. Good newsletter, too.

  48. Willem says:

    Hi, i want to warn everyone for I am trying to get my money back for more than a month now. They come up everytime with lots of B.S. saying: missing information or request being processed. On their website there is stated 3-5 work days for withdraw. It’s not going to happen. They don’t refund!

    • Sonny says:

      Any other OptionFM victims out there? Have sent Portfolio screenshots, transcripts of Skype and chat messages to Action Fraud as it shows how bad their trading advice was and also how their brokers seem to systematically empty the account as soon as possible. Have claimed back the deposit through my credit card but am trying to get the refund of the remaining balance which, of course seems to be taking its time. Would also like to know if any OptionFM account holders actually made a successful profit and/or withdrawal.

      • beenthruhell says:

        Option.FM and Banc De Binary (BDB) are founded by the same conman. Do you know why I say that? Because when I was logging in, I suddenly saw on the browser address bar. Now, why would the initial bdb follow Isn’t it an obvious clue? Besides, Banc De Binary did mention on their website that they launched its media site called Binary Options FM ( All these are clues.

      • Shokoo says:

        I am also a victim! The senior account manager there, FORCED me to put in extra 1000 dollar after my initial 250 and managed to finish my whole 1250 dollar and the bonus that he claimed he has credited my account with, in less than 2 hours!! He pushed me into placing trades that as a beginner I would never place on my own!
        I also think that their brokers systematically empty the account through advising on placing awful trades!!! I think his speed in emptying my account was amazing!!!!
        Is there anywhere to place a complaint against them or is there anything that I can do?!
        By the way I received no training!!

    • Sobi says:

      Hi, are the biggest scammers and please please don’t go there. PLEASE BLACKLIST THEM AS THEY RIP PEOPLE OFF AND WILL NOT GIVE THEIR MONEY BACK.

      If anyone else have more to add please do.

  49. Paulo says:

    Thanks a lot for all your replies. I’m never going near this Option Brokers. What a bunch of scumbags!!….. Arseholes like this should be put in jail!!…… Good luck people in getting your hard earned money back.


    BE WARNED!!!
    OPTION RALLY claims to be the best!
    They are the best in taking your money.
    In their ‘small print'(which is hidden away in their looooong ‘Terms and Conditions’) they state that if your account is not active(in other words you MUST trade live), they will just TAKE money from your account(they call it ‘Maintenance fees’, WITHOUT notifying you and you will NOT get it back….doesn’t matter WHAT your reason is. Even if you were in hospital or something…they will IGNORE your request and say that THEY are right and the client is wrong. And BE WARNED…the amount they take is NOT small. I just wonder…Why do they need to take money from a clients account for ‘Maintenance fees’?…for what? It is the clients money that is in THEIR account…they don’t loose ANYTHING when the money is there!
    Oh…lastly….Don’t even try to contact them to ask for help or support…If they have to give money back to YOU…you will NOT get ANY support. You are NOTHING to them! They just take your money!

  51. amed says:

    LEGAL INSIDER BOT is a scam.,I deposied money in their recommended broker, banc de binary and their automatic super robot start trading in forex. In one month it lost 60% of trades and now all my money is gone.That guy Greg of legal insider bot is looting the fools like me.I just warn others to not give their. hard earned money to him.thanks

  52. christine says:

    I have been cheated by several binary brokers who have lost my money with large risky trades. Even a so-called honest broker does not always prove to be so. However, today I was promised specific help to increase my balance which had been reduced by trades the broker had previously recommended. He said he might be able to get some funds put in by the company to make up for my ‘misunderstanding’ the previous time (he was clearly trying to shuffle the blame of that major loss onto me ). He asked for more input from my account to equal his reimbursemnt from the company, to which I said ABSOLUTELY NOT not as I am in serious financial difficulties. He put more funds into the account as promised, which I assumed was all company money, then told me urgently to enter two big trades using the whole balance, which then lost. I afterwards discovered that he had, despite my specific refusal, transfered part of the new money ($1000) from my own account which has now put me in serious trouble as my bank has closed my account. The broker is now – unsurprisingly – not answering my demands for a solution to this nightmare. I want to know from someone if there is any way at all that these guys can be made responsible. I thought was regulated but now suspect it is not. I will try to call the numbers mentioned in these comments, to see if I can get some help.

    • Ashish says:


      Just want to share that stay away from NRGBinary. They are big time scammers.
      i have deposited some 500$ and now when its around 700 I want to have withdrawn to check whether they are legit. And guess what its still in pending status from last 40 days. I have pinged my account manager , he stopped responding my skype chats and never replies to mails . His Name is Micheal Vinyard. Bloody Idiot. There online chat also don’t replies. When called there support they said they will arrange a call back but nobody called me never. just stay away from them. There account managers will keep sending mail about risk free trade like you invest 1500$ and if you loose money will be refunded in your account. Like this they keep you making investing more money in account and when you want to withdraw..BOOOOOMMMMM . Nothing …
      Just stay away from these Motherfuckers.

    • Dallas Johnson says:

      I.m almost certain OptionFM is a sister of BancdeBinary, I received email from OptionFM with bancdebinary email address at the top of the email.Either that, or the brokers of FM were getting access to BDB clients.By the way, I recommend giving the IFOLLOW feature on these Binary sites a miss, I would not be surprised if the FM and NRG Binary are the “expert traders in Canada and so on.They couldn’t even get EUR/USD trade in, Eventually, Legal Insider Bot, placed about 230 trades losing 130 or so, finally killing my $250USD with a splutter.

    • Sobi says:

      After researching around OPTION.FM are not regulated.

  53. Dorothy Ingles says:

    OPTIONS AREA are to be avoided. I had a very honest careful broker who was making good trades for me but all of a sudden they take him away from me. I don’t know if they sacked him or not. Three times I have filled in withdrawals and received nothing until finally a fast talking bully rang me demanding I deposit $10000 more or he would give me one of his junior brokers. I again requested withdrawal of $7000 being the amount I had deposited. At that time the balance was in excess of $20000 but I was willing to forego any profit I had made just to get my money back. Sure enough I receive a phone call in the middle of the night one week later from a young lady who told me she had what they class as “GOLD” trades which they get once a week and I don’t have to say what happened then. All my money gone but with one winning trade out of 5. I am sure the fast talking bully set me up.
    This am I get a phone call from a Marcus Johannsen who told me he had been handed my file and he would get my $20000 back but I had to pay his expenses of $1500 up front first. Needless to say I won’t be getting any money back.
    I don’t have $1500 as I am 72 years of age and was only trying to make a little bit of money to make life a bit easier. I feel very stupid and will never trust another person.
    At the time I made my investment I was unaware of any website available to check these companies out.

    • Stephen Donnellan says:

      I had similar with Options Area. Also had a bonus of $6000 after depositing $6000. Total $12000 I was dealing with a broker, Henry Christophe, and establishing a working relationship despite time differences and shift work
      . A few trades, large risk reward ratio, but $500 profit. Now $12675

      One day I get a phone call from a Alexander Veloc, a ‘Senior Broker’ who asks me how munch money I want to make a week…usual sales pitch.
      He then gives me some trades @ $2000 a trade. (Henry’s max was $700 a trade)
      Call back in 30 mins with more. Think first lot made small profit.
      He gives me a $4ooo trade put on the ASX. Then changes his mind and asks me to cancel. No cancel button on platform that I can find. Can he cancel from his end? ‘Dont worry about it. Call you back in 30 mins.’
      The trade and others lost, total loss of $4180 from memory. No call back.

      A call few days later from Brittany Wilson. Nice young lady. ‘That broker is no longer with the company. To make amends, here are some golden trades’. Call you back in 30. More Golden Trades. I make a profit of $970. No complaints. Havent heard from her since though.
      My account, after this profit, shows aprox $5000 in account.
      On a $12675 account, a loss of $4180, a profit of $970 and Im left with $5000?
      Where is the rest? Did they take back their $6000 bonus? I still need to go back over all trades and total profit and loses.
      And then find someone who will answer questions. Still havent heard from my original broker.

  54. Helen says:

    Scam Alert—I deposited $250 ten days ago. While I made a deposit, I told account manager, I need bonus. The account manager told me after my documents verified, I was going to get bonus. I deposited money on Sunday. On the broker’s website, an advertising 250% bonus at weekend’s deposit. My documents were verified. I chatted with customer service representatives seven times online plus sent several emails to account manager. Ten days later, I finally received a call. The manager told me I need deposit more money in order to get bonus and a demo account. Don’t believe BEEOPTIONS broker. It is liar.

  55. Sigurd says:

    Attention SCAM:
    OptioNavigator: 4 wins : 38 Losses!!
    EzTrader, the associated Broker refuses since 4 month to give back the rest of the funds. Even more they charge if you DON’T trade (!!!), charge if you want to withdraw and they push you into funding, but never answer a withdraw request!

  56. zody says:

    I have checked almost every broker that came to mind on Forex Peace Army… so my surprise I saw that some of the top brokers here had court cases there for fraud… but still I came here to check out Boss Capital coz it didn’t have any dirt there just one person complaining about the company. I trying to see if Boss Capital is a legit broker or not. Has anyone had an experience with them if they’re a good or a scam broker? I really wanna hear what any of you think of this broker, thank you.

  57. Sol Celender says:

    OPTIONS24HOURS is confirmed as PRACTICING CRIMINALLY FRAUDULENT INVESTING & ACCOUNTING FRAUD & have been reported to the SEC. CHRIS ZOOMAIN [their General Manager] runs the show & endorses & perpetuates these actions. Thoroughly CORRUPT business & individuals involved – CANNOT BE TRUSTED FOR WHAT THEY SAY/PROMOTE . Examples follow ALL verifiable & with the SEC ;-
    1) 3 winning trades were removed [‘disappeared’] from the online transaction report
    2) $10,750 was removed from the balance – never returned.
    3) Written & verbal Instructions to WITHDRAW $21,000 were ignored – denied & cancelled by OPTIONS24HOURS
    4) Written & verbal instructions to STOP ALL TRADING were ignored
    5) Unauthorized trading & trading pattern by a MICHAEL CLARK over a 2-day period
    decimated the account [ greater amount traded than in the previous entire month] – while my broker, JOHN BROWN was on vacation for an initial 3-day period.
    MICHAEL CLARK [son of one of the co. ‘big-shots’] was reported as ‘removed from the co.’ [otherwise OPTIONS24HOURS would have been complicit in this INVESTING FRAUD by their employee with total lack of oversight alone – which they are].
    6) JOHN BROWN [Chief Investment Manager], then CONTRARY TO MY EXPRESS WRITTEN & VERBAL INSTRUCTIONS, trades ANYWAY – & won’t take my calls
    7) No contact allowed with any staff other than one’s broker, whether verbal or written.
    8) No USA physical address/affiliations/jurisdiction/registration provided [though their physical offices are in NY].
    9) Assurances to correct the above to my satisfaction was a lie & stalling tactic.
    I CERTIFY, UNEQUIVOCALLY, THAT THE ABOVE IS FACTUAL – as evidenced from my own direct experience with the organization & it’s named individuals.

    • Kenny says:

      My experience of is one of horror. I received a cold call, but as I had used Binary Options sites previously I suspected that they were in the habit of passing on information of past customers
      Anyway, I was persuaded to deposit $500 to allow me to show them what they could do, and fair enough, I got an “insured” trade which won, and this took my account up to $850. As these “Insured” trades were only available for new deposits I was again persuaded to deposit $2,000, which again became $3700 after another successful trade. Now my account was at $4550 for a deposit of only $2,500. It sounded too good to be true, but I was promised that anytime I wished to withdraw money it would be returned to my card account within 48 hours. I had no need to withdraw the money at the time. I was then persuaded to boost my account once again, so deposited another $2,000, which once again traded successfully to boost my account further. I was then asked to take one final step to reach “Platinum” status, which would earn me five trades per week, as well as the “Insured” trade which came along with the deposit. I went along with it, gave them permission to withdraw $10,500 from my account. Unfortunately, due to an “error” on their part, they withdrew a total of $15,000. When I pointed out their “error” they apologised and asked my to make out a Withdrawal request for the additional $4,500 which they had taken without my authority, assuring me that it would be in my account within 72 hours. Meanwhile, the “insured” trade went ahead, winning as usual and my account was just short of $40,000, including my additional $4,500. I went on vacation then and was out of contact, but I checked my bank regularly, looking for the $4,500 coming back into my account, but it never arrived. On my return, I began sending e-mails to query the delay on the return of my money, and also completing a deposit form which they requested. They responded confirming the receipt of my deposit form, but did not respond in regard to any query I made on the delay in the return of my money. I sent e-mails to the trader who was in charge of my account and whom had always spoken to me on the phone, and also to their support team, and to their accounts team, but did not receive one response. By this time my concerns were fearing the worst, so I went into my account on 20th Oct and requested the withdrawal of the remainder of my funds which amounted to $37,085. I checked my account once more today to see what had happened (to see if my withdrawal had been approved) and was horrified to see that only $585 remained in my account. On checking my account records, I found that my withdrawal request for $37,085 had been “Cancelled” and on the same day they had continually made trades of $5,000 from my account, losing on all except two occasions, until such time as my account was depleted to the sum of $585 which still remains in my account. I have made a further withdrawal request for the remaining sum, but I rate my chances of receiving anything from them as nil…or possibly less.
      So, beware…. DO NOT EVEN CONSIDER USING Options24Hours

  58. James says:

    I have also deposited some money with Interactive Option, but immediately stopped trading when I started losing money(which was within a day or two) and asked them MANY times to refund.That was somewhere in June and I am still waiting for a refund!

    I don’t think I will ever see that money again, so be warned, they are a lot of scamsters and are just out to steal your money. STAY AWAY!!!

  59. Adegboyega Adedirin says:

    Greg Marks: Legal Insider Robot is a fraud!

    In my culture it is mandatory to thank – and make positive comments – when someone assist or renders a helping hand. I registered with the minimum $250 deposit with Legal Options Binary Robot. The first few days saw it increase to about $340, But before the end of the first week, my account nose dived to less than $150.
    Now, because I have read elsewhere that trading on Mondays, and Thursdays and Fridays could prove highly volatile, I decided to turn on-off the binary options robot.
    On Monday evening last week, to my greatest shock! I noticed that my account balance almost gone!
    I tried calling Mr. Greg Marks, no answer. I wrote him an e-mail. No reply. My anger is this: How come after I turned off the robot, it still when ahead to place trades?

    • Ruth says:

      Legal Insider Bot:
      Sometimes it still trades, when robot says “off” (like others reported as well).
      Within 2 weeks it fucked up 1/5th of my money with “low risk”!
      Win Ratio: 14 Wins : 38 Losses! There is even blind guessing better!
      Banc de Binary helped me fast, by shutting off this bot and send me for free (!) many trading tips that worked out (kind like compensation)
      So Legal Insider Bot is real shit, but Banc de Binary a real win.
      Combined with Insured Profits a real winning team (like a friend does).

    • Stephen Donnellan says:

      I also lost a $250 account with legal Insider Bot. Despite Greg Marks much proclaimed ‘Insurance against losses’, my request ignored by
      (It does say in its agreement that insurance is only good for 7 days something Greg does not mention)
      The guy is a liar and a fraud.

  60. Lillian Omwodo says:

    More information on XB24 and Legal Insider Bot

    All transaction types
    ID Date Amount Type Transaction Status Transaction Method Transaction Details
    863 07:39 08/09/14 $175.25 Withdrawal pending Default deposit method
    860 06:54 08/09/14 $129.00 Deposit approved Bonus
    815 09:22 04/09/14 $200.00 Deposit approved Credit Card

    Welcome Lillian Omwodo Balance: $275.25

  61. Roberta Barnett says:

    Thank you for your website. I wish I knew more when I was contacted by these horrible people.

    I have recently been contacted by who said that they are an investigation company into these fraud companies. They told me that they could get my money back but I would have to pay for their services. They told me that they had found these people and that the money was available but had to pay first, so I did then the money did not arrive to the insurance company in time, so I was getting my money refunded. Well that didn’t happen. The person I was dealing with was James Garcia and all of a sudden he doesn’t work there any more. Fred Diva then took over the matter said if I paid $2500 I would get my $77000+ back immediately. Why are these companies allowed to operate around the world? Why isn’t the world financial banks and governments doing something about them? Really shattered about this whole thing.

    • Patrick says:

      Hi Roberta,
      I have also been contacted by Fred Diva.
      Have your issue been solved? Of course he wants a deposit of
      $2,500. I have not send the money yet.

      • adrian d close says:

        Diva Sounds like running a ponzi to me. Take money from persons A, B and C . Use money from B to pay A, and from C to pay B etc..

    • Luis says:


      I Don T Speak English.

      Please Help me.

      bestoption ensures my money back.

      are asking for money for some documents.

      its True, they returned your money?

      é mais um scam? Urgently

      I’m in the middle of the business


    • Luis says:


      I Don`t Speak English.

      Please Help me. is Scam? ensures my money back.

      are asking for money for some documents.

      its True, they returned your money?

      é mais um scam? Urgently

      I’m in the middle of the business


  62. eylem says:

    Few days ago i registered to www ukoptions com deposited 3000 EUR and completed 2 trades with the profit of 2460 EUR, they canceled my successful trades and took my 2.460.-EUR profit back without any valid reason. www ukoptions com is real scam you can not take your profits when you are successful, just be aware.

  63. eylem says:

    I made 1750 GBP profit at www superoptions com 2 days ago they told me that they will refund my deposit amount but they cant pay the profit because of a system problem about my successfull trade. They are real scammers be aware.

  64. kai outzen says:

    Lbinary options
    I advise you not to deal with them . Getting withdrawals out if them is like getting blood out of a rock. Manager Michele Zapos planted a bonus on my account without my permission , do not accept bonus from anyone . Once they got your money , the service is poor and evasive.

  65. ben says:

    You know there are so many binary option companies out there its really hard to decide which ones are legit and which ones are not, to add to the problem not all websites that review these brokers have real knowledge about the market and what is going on.
    To be sure there are a few that are legit , but not many as most are really just trying to scam there players out of money
    My advice to anyone who wants to deposit with binaryoption brokers is to do there reaseach, would you hand over money to someone in the street because they promise to make you millions?
    Why is it any different online.
    Following many websites myself and seeing what is out-there I am going to review all these websites myself as well so people know where they should put there money, its never a question where to put it, its a question of can you get your money out.

  66. Jay says:

    I am having an awful time with Nice new fancy site. They con you into giving a lot of money to secure your capital. 5K each time you need to do anything. Less than 40% succcess rate but that is the lest of it. However, the account manager Jeff Duncan gave me wire transfer info and he dissapeared with the money. $10K. I have his caller ID and he defintely was their employee. This agent had told me that my first agent was fired because he lost too much money, but in the menatime, this new agent Jeff Duncan dissapeared with the money. Now they say he was fired. They are responsible becuasue he worked for them when this happenned. Stay away from I am reporting them and I would appreciate passing on the indfo to save others from losing money.

  67. Syed says:

    Only and are fully legitimate binary options brokers. Never ever trade with any other unless you love to give your money as charity to them :-)

  68. JackMc says:

    There is only ONE binary options site that’s regulated by the CFTC and NFA in America:
    NADEX. For some reason , you didn’t mention them, just the scam euro-trash brokers. Hmmm… I wonder why….. maybe you get a kickback from them?

  69. Kiran Kumar says:

    Hi all,

    Heared www. binaryo com? I lost thousands of dollars with them and finally I made some profit to recover but since few days there is no response from them when I request wire transfer.

    was there any legal action that i can take?

  70. Kiran Kumar says:

    Hi all,

    Any one heared http://www.binaryo .com? I lost thousands of dollars with them and finally I made some profit to recover but since few days there is no response from them when I request wire transfer.

    was there any legal action that i can take?

  71. Craig Morrison says:

    Has anybody ever heard of the Program Insured Profits and Interactive This seems to be the new duo in the world of Binary Options Trading. Looks good but I just want a little incite from other people.


    • Steve says:

      Did you hear anything about insured profits ?


    • JackMc says:

      Yeah, i watched their video. looks like a scam

    • Sigurd says:

      Insured Profits
      I trade with Insured Profits and made real wins. Not to get rich, but a steady flow of cash. Better than any savings account. Sometimes more wins (i.e. tripled (!) the acount in one week, lost 1/3 in another, but all in all (on a longer run) a big plus!
      Tatal Ratio Balance: 160 WIN and 88 Loss.
      The best week: 90 Wins : 10 Loss
      The worst week: 40 Wins : 60 Loss.

      RECOMMENDATION: Banc de Binary
      Very good Service, fair conditions, big pool of assets and fund / refund options, EU-regulated Broker

      • Dallas Johnson says:

        You are not very observant, Bancdebinary, on the bots lower the payout from the payout on their actual trading site, this, is also lower than most brokers offer in the first place.They, appear to give different versions of Legal insider bot, 2014 millionaire etc.OptionFM gave me a controllable auto BOT, which was a 40-50% success rate, BDB, on the other hand gave me a signals type software, with suggestions you must choose most I knew zilch of, or about, you had to place 2x$25 min trade each time, Greg and Stan claiming a third bet was insurance against either trade going down.I killed it off after it showed about $242.Eventually, a broker, about the 20th one acted as account manager and, after seeing I was not caving to trust any more BDB account/broker/ managers.I received my 242 in my bank card visa account.Only trade with minimum amounts with any broker ,disregard the siver, gold platinum levels cvrap..They are regulated, supposedly but have offices in Seychelles jurisdiction. I don’t think they have cysec liscense number, not sure of EURO liscense claim, but they were fined by US CFTC a few mil I believe.Don’t allow yourself to get in too deep with BDB nor any other broker, Binary or, FOREX. no bonuses, see any email spoken about to confirm any deal, because brokers will tell you they are sending emails to you, but either doesn’t arrive or the deal is much different to that you have tentatively agreed to, or with.

    • Pankaj Swargiary says:


  72. william says:

    Im sorry its called The Free Money System by Walter Green claiming he will make you a millionaire in 90 days with using his dream team brokers.

    • Stephen Donnellan says:

      Walter Green is a system promoted by Roy as part of his binary trading software.
      I havent heard good reports on Green, yet Roy promotes it, as well as Legal Insider Bot, Oz Bot, Sniper, all useless.

  73. william says:

    Has anyone had any dealings with Walter Green and his Free Cash Formula System. Claiming you can make $1M in 90 days. Thank You for any comments.

    • Craig Morrison says:

      I would love to hear about that also. Getting several e-mails promoting it. But I cannot get any information weather it’s good or bad.


      • Craig Morrison says:

        Free Money System. I posted in the wrong spot

        • Yubaraj says:

          That Free money system and al the brokers they reccomend are all scamm.. i did try it. now i cant withdraw my money back since i found out that it was a scam from researching it.. and i also notice that the broker is cheating.. I did registered with XB24.. Free Money System, Insured Profit, Helrcules profit pro and e.t.c are all from the same scammers cos they keep spamming my email about those softwares.. so dont ever fall under thoese scam.. btw… i wanan learn how to trade BO. i need a good , honest mentor.. anyone willing to help or you might know?>

    • JackMc says:

      $1 million in 90 days? Yeah, right. There IS a way to make 1 mill – counterfeiting. The problem is you go to prison..

    • Yubaraj says:

      That Free money system and al the brokers they reccomend are all scamm.. i did try it. now i cant withdraw my money back since i found out that it was a scam from researching it.. and i also notice that the broker is cheating.. I did registered with XB24.. Free Money System, Insured Profit, Helrcules profit pro and e.t.c are all from the same scammers cos they keep spamming my email about those softwares.. so dont ever fall under thoese scam.. btw… i wanan learn how to trade BO. i need a good , honest mentor.. anyone willing to help or you might know?>

      • chrystael says:

        I would love to help if you would be a deligent student. I passed thriugh alots before being on my own now. Lost alot, being scammed. But i cannot remember when last these happened again. Got some cash and back to college.

        Contact me with my email: chrysteal gmail com or skype: chrysteal or facebook: chrystael ukeme or twitter: chrystael1.

        Im not a very pro but i have known so and so much to make you profitable on your own andd if you want tips like signals or robot or reliable broker i could offer you the best. My reasons for reply is to teach you if you are willing.

        +234 8126798383

  74. Rogerio Marques says:

    Can anyone tell me if the marketsworld is scam?

    • Justin Lewis says:

      I have lost a hundred dollars to marketsworld I would deposit $20 at a time and every time I would gain some money and then end up losing all of it completely it would seem their data is not accurate all the time, it will often spike near the expiry also there is lag when you place your put or down it is not in the moment up to 3 second delay which will make you lose I find it extremely hard to win the odds are not in your favor it is heavily stacked in marketsworld favor as to were they will get your money I have yet to be able to make a withdraw because of this also there is a 2 day wait after you deposit so even if you do want to withdraw some winnings you have to wait 48 hours this is not for security as they claim it is part of their scheme to hope if you do magically start winning you will risk it all in this time period before you can withdraw lol and worth noting it is not a 95% return as they claim most all will only be about 70% which means you will be struggling to get ahead if you put $1 and if you lose this in one you will have to win two in a row order to make $1.40 back so you can see how you can easily start losing your ass your winning ratio has to be much higher in order to get ahead which is highly unlikely the way this broker works and if you dispute anything they will always find in their favor by claiming their data is correct regardless if this is true or not even by just 1 pip they or even if it is 10 pips off they will say they are right and send you a generic email saying this lol

  75. Frank N says:

    CVCoption seems to be a legit broker from the UK
    Their website impressed me, has anyone traded with them ?

    • Rocky says:

      CVC Options is a den of thieves. They’ll hit your credit card repeatedly for thousands of dollars, then ask for a color photocopy of both sides of your credit card and your driver’s license to “prevent identity theft.”

    • SCOTT says:


  76. irfan ahmad says:


    yesterday i talk to my account manager about the withdrawal some funds from my account . and he said ok he will do it , my balance was 3149 and i position was open 100
    after our conversation on phone 5 minutes later i saw my balance gone down to $1049 from $3149 something and 1 position was open $100 which i won so balance should in crease, while i thought my account manager posses my withdrawal request $2000 but after my current position close and i was looking at my balance to update , but it just reduce second by second 700 , 500,, 300, 200, 100, 49,, and last 4.01 dollar is my balance right now this all happen in 5 minutes after i talk to my account manager Mr AAzmi . i was really confuse whats going on, i try to call him vi your no +44-20-3519-2662
    and they say he is busy i call many times after till night same thing he is in meeting he will call me asap , then the agent say he will call me tomorrow he said so,
    then i said OK and next day means today i was waiting nobody call but i call and agent said he will transfer my call just movement, then after few seconds she said he is not in the office you can call him after half an hour and i call again n again nothing happen i email him no reply whatsoever, i email support explain them and they reply
    Nicola Smi
    Nicola Smith (Optionow)
    Jul 11 15:06

    Dear Sir!

    We received your email.
    Kindly note regarding the phone issue,it a support line,many clients try to reach us and not alsways get responce because we are with other client,I will inform your account manager to reach you in order to solve those issues.
    Best Regards
    Support team

  77. onur inan says:

    I have withdrawal problem with They easily refund my deposit amount but they dont send my 1050EUR profit untill 2 months. When you invest with them you take the risk of loosing your money but you cant get your profit.

    • onur inan says:

      Today they turned me back and requested some additional documents. I provided them the documents and we solved the problem.
      Sorry for early comment.

  78. Nick Malley says:

    24option has had bad reviews, horrible stories about withdrawal delays.
    I have personally had bad experiences with BNRY.

    For a recommended broker I would go with CVCoption. They seem to know what they are doing.

    • KW says:

      have you used CVCoption and withdrew any funds from trades you’ve won??

      • BR says:

        Yes I have made over 3000k in one week with the help of my mentor. I have withdrawn $500 so far. It’s very exciting to me since it is woking well so far. I hope it continues making me money :)

    • SCOTT says:


  79. Lyall Scheib says:

    Vault Options needs to be on your warning list.
    I don’t think they are scammers so much as completely useless.
    I have had experience of three of their brokers and each one of them are very inexperienced and unskilled traders making one or two good trades to four or five bad trades or simply making very stupid trades but with my whole account.
    Your highest level warning needs to be given to people who may trade with Vault Options – they will lose your money – guaranteed.

  80. M Coffee says:

    GOtions is definitely a scam!!! I was disappointed to see them as a favored broker. Disassociated yourselves with them for your own credibility. I deposited money with them and lost some. Had $130.00 left and tried to withdraw (No Bonus). They asked for the usual pieces of information which I sent. No reply to my emails, so I decided to just spend it there. While bidding I had 4 consecutive bids where the expiry price closed at the end of the expiry time one point up from the original bid on a Call bid, and while validating, closed out at the price it had dropped too after the expiry time while validating. When this happened against their favor it never showed the increase that happened during validation on a Call bid. I always though expiry time meant the time was over. But in their case it means its over only if we can’t make you lose your bid and money in the next couple of seconds. When I contacted Customer Support and inquired about it. Like my refund, I heard nothing back. Only a fool would give money to GOtions. Your better off putting it in a pile and putting a match to it.

  81. Fred Diva says:

    Hi, its been too much since people are been scam these bad so far, there are mechanism to counter-attack and get the funds or at least some back, contact me to learn how to activate those mechanism at 167-8981-6737.

    Depending the cases and the time chances are very high to chargeback.

  82. Bert Murrock says:

    If still interested please use my direct number: 167-8981-6737, ask for Mr. Fred Diva or Dr. Bruce Peterson. (Certain cases may be too late to assist, but worth the try).

  83. Bert Murrock says:

    If you would like to recover your accounts please try to contact us to offer further assistance and some procedures in order to Chargeback.

  84. lucky says:

    Banc de Binery is a total SCAM! Stay far away from it. NO TOUCH!!

  85. Sam says:

    Most of the websites mentioned as a trusted and legit in this Article are SCAM … google and investigate properly before investing.

  86. oladeji says:

    can some one recomend good binary option for me

  87. Carlos says:

    You need to put here the Interactive Option and all the SCAM brokers that work with BinaryMatrixPro, like OptionNOW and GTOptions.
    Additionally: All the SCAM brokers that work with the new SCAM systems like Underground Millionaire and Millionaire Society.

    Congratulations for this alert website.

  88. Frank says:

    Is Market Options legit. Got a call from London, Andrew Miller. $250 deposit; $5 low bid.

  89. Diver says:

    OPTECK.COM IS A SCAM !!!!!!!!!!!!!!!!!!!!!!!!! BEWARE !!!!!!!!!!!!!!!!!!!! THEY STOLE 3000 USD AND NOT WILLING TO REFUND MY ACCOUNT !!!!!

  90. mark laux says:

    Being able to become a broker with only $12,000 might help explain why scams are common. We need only regulated brokers and tougher requirements.

  91. Constant says:

    Hello Dear All,

    What about Optionsmaker?
    Please help.

    Thank you very much

    • Roh says:

      Having trouble with Optionmakers as well. Made a deposit , after which my account still shows 0$. The Online Chat is offline, there is no reply from support email and phone number in website does not exist anymore!
      Anyone heard about Optionmakers going under water? Thanks

  92. anonymous says:

    what is bank54? ive gt a call stating he will activate my account & asked for my cc info.

    • Dallas Johnson says:

      Dodgy scam sister of Bancdebinary, that claim they disassociated themselves from.I think they supposedly went broke.OptionXP probably is one of the best of a bad bunch.However when I last withdrew, they were asking for too many of the card numbers, so to be on the safe side, deposit another way, if you want your initial deposit back all brokers usually ask for the last 4 numbers to be exposed on photo proof verification docs.XP wanted all but the middle 3 numbers showing, which I refused, they did eventally send me back my remaining balance.I withdrew, because I had bills but also, I had freezing of expiry countdown issues and too much slippage of quotes. I still think, though, their lower $200 deposit, how in the past they regularly paid withdrawals in 3 days, didn’t offer me any bonuses, but, when I got to more than $500. when I increased my lots I started losing much more.Disregarding those points, I still think they aren’t as bad as other BO or Forex crooks!!

  93. Sithembisiwe says:

    Can you please review, GOptions if they are legit, I just invested with them and lost all of the money.


    • Curtis says:

      They are legit. It’s easy to lose your money in binary options if you’re not careful. It is a high risk/high reward undertaking. GOptions is actually one of the better brokers out there right now imo.

    • Sam says:

      According to expert reviews and recommendations GOptions are scam. Please google and investigate properly before making any investment.

    • agung kartakusuma says:

      this you need to investigate, my group says they are ok.

      BUT. i have an account there on august 2014 and lost them through serious trades in oct 2014, i want to invest smallest amount usd 200, but the system did not let me.

      10 minutes after, they wiped my account, stop responding to me, without telling me why

      you do the judgement.

      this is true, as of oct 2014

  94. Colin says:

    Thanks for such insight about some of these negative brokers. And to think that I had opened my very first trading account with Traderxp, I’m having second thoughts about them.

  95. Andrew says:

    Is reveiw is for GToptions. They seemed alright to start with but trying to get my money withdrawaled is like getting blood out of a stone. Took over a month to get my initial deposit money out and after 2 months still havn’t got my profits back. They will make up asorts of different excuses to prevent or at least slow down the withdrawing of money. Please add them to your blacklist.

  96. Bilgee says:

    many videos about cedarfinance seems cool but i cant trust it because i didnt see any video about withdrawing money from it

    • Carlos says:

      Bilgee, beware of these too: Interactive Option and all the SCAM brokers that work with BinaryMatrixPro, like OptionNOW and GTOptions.
      Additionally: All the SCAM brokers that work with the new SCAM systems like Underground Millionaire (with Cedar Finance) and Millionaire Society.

  97. john says:

    goptions is scam. If you deposit money not see them again

  98. Wladimir says: – SCAM!!!

  99. ian goodchild says:

    Is anyone else having current withdrawel request from banc de binary , I’ve been waiting since 26 th now , never had a problem before , no answer /communication from Banc de Binaryb , now becoming concerned .

  100. Michael says:

    I like to know if is a trusted site.

  101. Geoff says:

    I have got a trading account with IKKO Trader and have been trying to bring up their platform but each time i try to log on to their site a message comes up Trading not available, this site doesnot serve customers from your region. Are they still trading? I have left an email on their support address but no answer yet, also not anwering the phone. Will keep trying and keep you posted.

  102. DOUG OWENS says:


  103. Cody says:

    I have been having a very similar problem with cedar finance. i deposited money and played around with some binary trading for a couple days, signed out of my account one evening, i went back the next morning to see how my trades had done and it wouldnt sign me back into my account, so i tried to send a password reset, and it said that my email didnt exist, even though i have all the emails from cedar finance from registration, to deposits, to trading scores. I still had a substantial amount of money in my account and now is gone and i still have yet to hear from support. can this company be sued?

  104. Keri says:

    I looked into the first 3 in i found bad reviews of people not being able to withdraw once they need some money back., and for Dez cedar finance spelled convenience wrong on their site and thats a red flag for me, so when i wrote to tell them and i pushed the button it said, your message has been send (instead of sent) seemed to me like they were cons from another country, idk

  105. Dez says:

    Opened an account with cedarfinance, their platform seems ok, however I am worried that I have not been able to contact anyone from support and my withdrawal request has not been honored yet, will wait to see what happens, if they are legit they should start manning those support lines as this can be worrying, also it says they have a team of professionals that will help you build a strategy not heard from anybody yet, unlike other binary option sites I have accounts with. I’ll be sure to update this post if any of this changes but for now its not looking good.

  106. scott says:

    You must work for CVC Option. They are pure SCAM. I can show screen shots of all my requests for my money profits and they keep canceling the requests for my money. So you are full of BS saying how great they are. I got solid proof. Ignore my emails and when I call they hang up on me. CVC OPTION = SCAM

  107. Dallas Johnson says:

    I say run from CVC, I couldn’t even get a straight answer about the Everest Bot from, the very polite, very technically correct speeling, in order to get a dodgy broker or “account manager to try to put the screws on me, not even when I said I was an affiliate marketer, would “sorry sir’ we have nothing to do with “third party software providers” Piss me off Patrick I think his overpaid ass ‘ name was!! Give them a miss, if you are already in, watch them and listen, like a hawk to fast talking female or, salesmen. Caveat Emptor!!


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