The Binary Options Blacklist – Trader Driven Reviews & Ratings

The Binary Options Blacklist - Trader Driven Reviews & Ratings

In 2014 there are well over 100 binary options brokers. You should avoid most of them.

The Blacklist – Brokers To Avoid

BLACKLISTEDRatingEarly ExpiryAvg ReturnsMin TradeMin DepSee Warning
65-75%$25$250
65-75%$25$200
70-81%$25$200
75-81%$10$100

Our Recommended Brokers – Legit

Broker ReviewsBlackList RatingEarly ExpiryAvg ReturnsMin Trade / DepositUSA?Trade Now
70-91%$24
$250
78-85%$10
$200
70-81%$5
$200
72-85%$100
$10
80-85%$10
$200
70-90%+$1
$20
75-85%$25
$300

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

BinaryOptionsBlacklist.com 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 2014.

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!

 

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

  1. 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.

  2. Jay says:

    I am having an awful time with FourMarkets.com. 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 FourMarkets.com. I am reporting them and I would appreciate passing on the indfo to save others from losing money.

  3. Syed says:

    Only 24option.com and topoption.com are fully legitimate binary options brokers. Never ever trade with any other unless you love to give your money as charity to them :-)

  4. 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?

  5. Craig Morrison says:

    Has anybody ever heard of the Program Insured Profits and Interactive Option.com. 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.

    Thanks

  6. 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.

  7. 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

      • 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?>

  8. mahde khaled says:

    Please contact me , thanks .

  9. mahde khaled says:

    Please contact me , thanks

  10. 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

  11. Frank N says:

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

  12. irfan ahmad says:

    OPTIONNOW CAPITAL OPTION BE AWARE

    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

  13. onur inan says:

    I have withdrawal problem with superoptions.com. 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.

  14. 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.

  15. 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.

  16. 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.

  17. 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.

  18. 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).

  19. 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.

  20. lucky says:

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

  21. Sam says:

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

  22. oladeji says:

    can some one recomend good binary option for me

  23. 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.

  24. Frank says:

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

  25. Diver says:

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

  26. 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.

  27. Constant says:

    Hello Dear All,

    What about Optionsmaker?
    Please help.

    Thank you very much

  28. anonymous says:

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

  29. Sithembisiwe says:

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

    Thanks

    • 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.

  30. 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.

  31. 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.

  32. 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.

  33. john says:

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

  34. Wladimir says:

    safe24option.com – SCAM!!!

  35. 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 .

  36. Michael says:

    I like to know if Optionmint.com is a trusted site.

  37. 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.

  38. DOUG OWENS says:

    IS THIER A LAGIT BINARY BROKER OUT THERE THAT CAN BE TRUSTED? IF SO PLEASE LET ME NO.

  39. 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?

  40. 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

  41. 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.

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