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