Binary options are one of the most popular trading tools among beginners, as they are very easy to learn and you can start trading almost immediately after opening a trading account. But it often happens that inexperienced traders choose brokers who are scammers or so-called “black” binary options brokers, because usually such brokers have the brightest and most tempting advertising on the Internet.
In order to avoid falling for binary options scam brokers, it is worth knowing what methods such fraudulent brokers use and how exactly they can deceive gullible clients, and it would also be a good idea to know the names of companies that have been repeatedly caught in fraud.
Blacklist of binary options and CFD scammers
This list contains scammers in the binary options and CFD markets. Most of them offer automatic trading using special programs, which subsequently “leak” deposits to traders. Clickable links to individual reviews are highlighted in red; all projects on this list (both black and red) are a scam for suckers. The list of scammers is given in alphabetical order:
- 1K Daily Profit,
- Auto Binary EA (Auto Binary EA),
- Auto BTS (Auto BTC),
- Auto Trade Top,
- Autobintrade (AutoBinTrade),
- AutoBitcoinGenerator,
- AutoCrypto Bot,
- IQ Robots,
- Aimetio,
- Iceberg Selection,
- Algobit (AlgoBit),
- Algoprofit,
- Kovalev Algorithm (Kovalev Hack),
- Algorithm Koraleva,
- Algosniper,
- Alex Gold
- Association of Successful Traders (Money Makers),
- Atlas Pro,
- BinaryAutobot Pro,
- Binary Option Robot (BinaryOptionRobot),
- Big Money Gun
- Bitcoin App (Bitcoin Society App),
- Bitcoin Profit,
- Bitcoin System,
- Bitcoin Trader,
- V Trende
- Age of Money,
- Vostok 3 (Vostok 3);
- Always a plus (VsegdaPlus),
- Vulkan Ltd.
- DarCapital,
- Money of the Century (Dengi veka),
- Millionaire Detector (Detektor Millionera),
- Gold of Nations,
- Golden age,
- Golden goose,
- Innova Trader,
- Intervent,
- Infinity App,
- Ichimoku Trade,
- Quantum System,
- Click on a million (Klik na Million),
- Code of Success (Kod Uspeha),
- Konstant Finance,
- Confirmed Profits,
- Crypto Formula,
- Krypton (Cript On),
- Cash Capital System,
- Legkii Million,
- Profit Maximizer,
- Mayak pro 2.0
- Metasensus,
- The Guardian Angel Method
- Millionaire Reborn,
- Nargiz Alieva,
- Nigma 2 (Nigma 2),
- Obschee Delo,
- Opera System,
- Option Robot (OptionRobot),
- First Bitcoin
- Recipe for Wealth,
- Robot Binary-Shark,
- Robot Abi – Abi (BinRobot Lady),
- Robot from Vadim Ozerov (Tradefollow Club),
- Sapphire M,
- Swiss Guard, aka Secret Guard,
- The Secret of Money/The Secret of Wealth (Sekret Bogatstva),
- Smart Millionaire,
- Tandem Signals,
- Tantum 2019 (Tantum 2019),
- Your Million,
- Telegram10 (TON, Telegram10, Redton, Greenton),
- Tera Online (Tera Online co),
- Tramplin Success,
- Trade System Robot,
- Trade scanner (TradeScaner),
- Stock Exchange Gracia,
- High Frequency Trading,
- Center for Analytics and Financial Technologies (CAFT),
- Chain Reaction Pro,
- Swedcoin,
- Swiss Safe,
- Ethereum Code,
- Unity Trade,
- Yandex Capital.
Emergency from traders
Nowadays there are many binary options brokers. Plus, they enter the market every day. It is safe to say that this blacklist will become larger, and thereby warn traders about black brokers and warn against investing money in suspicious trading platforms.
| Blacklist of binary options brokers | |
| Titan Trade | This is a broker whose reviews are mostly negative. Including complaints about constant non-payment of money and their work in conjunction with signalers who drain traders’ deposits. You can also often find reviews about the theft of funds from traders’ accounts. |
| Interactive Option | This site has been blocked by the regulator more than once. When opening the page, a notification was displayed stating that Suses had revoked the broker’s license and an investigation was underway. Complaints against the broker regarding non-payments and deception of traders. Even if this site is now operational, we do not recommend working with this broker. |
| P-options | This black broker worked according to the standard scheme of fraudulent firms. It began to actively advertise when entering the market, acquired positive reviews, and after accumulating a huge number of trader deposits, it simply disappeared. Now the site is not functioning, there is no way to access your personal account with attachments, the support service does not respond to emails and calls. |
| 24boption | This is a counterfeit of the market leader 24option. Don't be confused! It’s safe to say that many novice traders were simply misled by a similar name. There have been numerous complaints about unjustified debiting of funds from the account, non-return of deposits, and lack of feedback on any complaints. Also, fakes of the market leader 24option include 24hcapital, 24xp. |
| FrontStocks | He is a Russian broker. And although the reviews are simply full of negativity, that money evaporates from accounts, that charts behave incomprehensibly, and so on, the pseudo-broker existed for almost two years! The broker conducted a large advertising campaign, thanks to which it was possible to attract thousands of traders to its networks, who eventually lost their deposit. The black broker has already closed, and while giving parting words, I would like to note that a beautiful broker’s website and advertising all over the Internet do not always indicate the reliability of the broker. |
| Daily Trades | Reviews about this broker indicate that transactions on the platform were carried out without the demand of traders. It is not difficult to understand that almost all transactions were failures and led to the loss of invested money. Let’s say it was like this: a trader logged into the account, saw a smaller amount there than was invested, for example, the day before yesterday (and he did not make any transactions), while in the trading history it is clear that transactions were carried out. |
| Armax Trade | Not very popular among traders and this is due. Big complaints about the broker's payment of money. Not to mention profit, it is not always possible to return even the starting deposit. Trading conditions are not the most favorable. There's no point in taking risks. |
| UKMarkets | This is a typical fraudulent broker. If a trader tops up the account of this office, then you can immediately say goodbye to the money; you will not be able to get it back under any circumstances. The broker does not immediately inspire confidence. The site is designed very carelessly, many sections are empty (for example, the section with analytics) or filled out carelessly. The company requires a very large minimum deposit and has an unclear policy regarding deposits and withdrawals of money. All this should make the future client think. It is better to choose another broker for cooperation. |
- FrontStocks (https://www.FrontStocks.com);
- TraderXP (https://www.traderxp.com);
- Banc De Swiss (https://www.bdswiss.com);
- OptionsXO (https://www.optionsxo.com);
- OptioNOW (https://www.optionow.com);
- OptionMaker (https://www.theoptionmaker.com);
- Traders King (https://www.tradersking.com);
- VIPBinary (https://www.vipbinary.com);
- Global Trader 365 (https://www.globaltrader365.net);
- Option Area (https://www.optionsarea.com);
- Amber Options (https://www.amberoptions.com);
- Sycamore Options (https://www.sycamoreoptions.com);
- Safe24Options (https://www.safe24options.com);
- Vault Options (https://www.vaultoptions.com);
- Royal De Bank (https://www.royaldebank.com);
- RGbinary (https://www.nrgbinary.co);
- Cedar Finance (https://trading.cedarfinance.com);
- 10trade (https://www.10trade.com);
- Interactive Option (https://lp.interactive-option.com);
- BeeOptions (https://www.beeoptions.com);
- EveryOption (https://www.everyoption.com);
- Optionyard (https://www.optionyard.com);
- ZoomTrade (https://www.zoomtrader.com);
- PowerOption (https://www.poweroption.com);
- SwiftOption (https://www.swiftoption.com);
- LBinary (https://www.lbinary.com);
- Bank of Trade (https://bankoftrade.com);
- IkkoTrader (https://ww17.ikkotrader.com);
- NordexTrading (https://www.nordextrading.com);
- Banc de Binary (https://bancdebinary.com);
- OneTwoTrade (https://www.onetwotrade.com);
- ExpertOption (https://expertoption.com);
- Daily Trades (https://www.daily-trades.com);
- BMBOption (https://www.bmboption.com);
- P-Options (https://www.p-options.com);
- ScalaTrade (https://www.scalatrade.ru);
- Stradivari Option (https://stradivarioption.com);
- Binary Uno (https://www.binaryuno.com);
- SuperBinary (https://www.superbinary.com);
- RedOption (https://redoption.ru);
- LibraOption (https://libraoption.com, https://24bopt.com);
- Wonder Options (https://wonder-options.com);
- 24Boption (https://24bopt.com);
- GM Option (https://www.gmoption.com);
- First Binary Option (https://www.firstbinaryoption.com);
- GoOptions (https://www.goptions.com);
- Opteck (https://opteck.biz);
- Alefmarket (https://alefmarket.com);
- AlfaBroker Trade (https://alfabroker.trade);
- AlldayOption (https://alldayoption.com);
- Armax Trade (https://armax.trade);
- AshfordInvestments (https://ashfordinvestments.com);
- BETOption (www.betoption.com);
- BFOption (https://bfoption.com);
- Binamero (https://binamero.com);
- BinSecret (https://binsecret.com);
- BNR Options (https://ru.bnroptions.com);
- City Capital Trade (https://citycapital.trade);
- Edgedale Finance (https://edgedalefinance.com);
- ForumOption (https://www.forumoption.com);
- FTO Capital (https://www.ftocapital.com);
- HBC Broker (https://www.hbcbroker.com);
- CT-Trade (https://ct-trade.com);
- GeoInvestGroup (https://geoinvestgroup.com);
- GoldexTrade (https://goldextrade.com/);
- IDBTrades (https://www.idbtrades.com);
- InnovateMarkets (https://innovatemarkets.com);
- InvestingDeBinary (https://www.investingdebinary.com);
- KBCapitals (https://kbcapitals.com);
- LibraOption (https://libraoption.com);
- 24Boption (https://24bopt.com);
- Lottmarket (www.lottmarket.com);
- Optionbit (www.optionbit.com);
- MaltaOption (https://maltaoption.net);
- OptionExpert(optionexpert.net);
- Meta Investing (https://www.metainvesting.com);
- OptionRally (www.optionrally.com);
- OptimumMarkets (https://www.optimummarkets.com);
- PlusOption (https://www.plusoption.com);
- P-Options (www.p-options.com);
- Prime Binary (www.prime-binary.com);
- PrimeOption (https://primeoption.net);
- PromFx (https://www.promfx.com);
- PWRtrade (https://www.pwrtrade.co);
- Sigma Europe (https://sigma-europe.com, https://sigma-europe.co.uk/ru);
- TitanTrade (www.titantrade.com);
- Standard Xp (https://standardxp.com);
- Taurus Broker (https://taurusbroker.com/ru);
- TorOption (www.tooption.com);
- TradeFx Club (https://tradefx.club);
- Vospari (https://vospari.com, https://ct-trade.com);
- UK Markets (https://ukmarkets.net);
- Walton Capital (https://www.w11n.com);
- YotaInvest (https://www.yotainvest.com);
- 1Touch Trade (https://1touch-trade.com);
- PlatinumBin (https://platinumbin.com);
- LotosTrade (https://lotostrade.com);
- Binary-slot;
- BossCapital;
- Byrix;
- SuisseOption;
- Trade5000;
- 10 Brokers (https://10brokers.com);
- TradebInfo;
- Markets Invest;
- OPTIONS ROOM;
- OptionStarsGlobal;
- Optitrade24;
- Parimarket;
- Pocketoption;
- ProfitPlay;
- Rocketoption;
- RoyalMarketsOnline;
- RToption;
- MFX Broker (MfxOptions);
- Midas Globe;
- Myboption;
- MywinOption;
- Capital Markets Bank;
- DragonOption;
- Fb-one;
- Phoenix Option;
- Finally;
- GenevaOption;
- GoldbergTrade;
- GOption;
- GrandOption;
- InteractiveOption;
- IQOption;
- Itrader;
- Kappa Brokers;
- LeoMarkets;
- LittInvest;
- Bitopt24;
- HY Options;
- BnB Markets;
- GlobalOptions;
- Call and Put;
- Binoa;
- Bank of Trade;
- Finpari;
- BuzzTrade;
- Plustochs;
- 99binary;
- AllegraMarkets;
- Alt-invest;
- Aqulla;
- B4binary;
- Banco Capital;
- BDSwiss;
- Belistar;
- Ax Trades;
- OptionTime;
- InteractiveOption;
- 24Winner;
- Capital Option;
- TurboBinar;
- AllDayOption;
- NY Stock Options and Trader's Room;
- WhiteOption;
- RBOptions;
- RegalOptions;
- GoldenBinary;
- EZ Binary;
- XB24;
- OptionTrader;
- TigerOptions.
- Ubinary;
- VeronaTrade;
- Vogel Capital;
- UnionTrader;
- VulkanTrade;
- Yardoption;
- Zeusoption;
- 1C-Option;
- 53CapitalTrade;
- 60seconds.
In order not to lose money, but to earn it, in order to preserve personal information, trade only with trusted brokers with appropriate certificates.
I would also like to note the blacklist of binary options brokers, which was published by major financial regulatory authorities of both Russia and the European Union. The AMF is the body that regulates the activities of organizations involved in the provision of financial services. This list includes black brokers who are prohibited from providing their services, since they do not have a license for such activities, and they do not comply with the rules of this area.
The AMF body warns that many of the above pseudo-brokers have not stopped their activities and continue to deceive newcomers, although the decree to terminate their activities has been signed. Cooperation with a broker without a license carries huge risks. Funds are not insured; the broker may at any time fail to pay out earnings, falsify charts and sell the trader’s personal data to a third party.
The blacklist of binary options brokers must be used as a kind of filter. Just when selecting a company, see if it is on this list. If yes, it’s better to pay attention and cooperate with another broker.
Methods of cheating on binary options
This category contains the most popular methods of cheating on binary options and CFDs. Actually, by getting involved in one of these scams, a trader risks saying goodbye to his deposit:
- Automated trading (robots),
- Refund from regulators,
- Refunds from brokers,
- Fines and loans from brokers,
- Insurance and taxes from brokers,
- Trust management and PAMM accounts,
- OTC quotes,
- Paid training,
- Other Grails.
"Drain" strategies
In this category, I will list the most popular scams among strategies for trading binary options and CFDs. Actually, these systems definitely cannot help a trader make money, but rather the opposite:
- Win-win strategies
- Win-win indicators,
- Martingale method,
- Trading on news
- Pivot points
- Signals from the investing site.
Broker trading platform
A broker is an intermediary between the trader and the exchange. The broker company must provide a technological solution. Namely, to make sure that the platform works correctly and without failures. If the broker does not have a good technical team that monitors the full functionality, technical problems occur due to which the trader loses money. In such companies, transactions often do not work out, quotes are not suitable and there are discrepancies between the transaction price and the platform.
BROKER BINARIUM IS NOT RESPONSIBLE FOR PROBLEMS ON ITS TRADING PLATFORM. SO IF YOUR TRANSACTION FAILS TO WORK DUE TO A TECHNICAL PROBLEM, YOU WILL NOT BE ENtitleD TO COMPENSATION.
Moreover, dishonest brokers can rig results, open trades instead of traders and simply steal money. Brokers have it written in their terms and conditions that the broker is not responsible for technical failures. Therefore, they simply drain the trader’s money into their pocket.
General questions about binary options and CFD scams
The last category is devoted to the general issue of scams on binary options and CFDs. Actually, it is better for all novice traders to study these materials immediately, so that, as they say, they know the “enemy in person” and not fall into another binary options or CFD scam on the Internet:
- How to spot a scam
- How brokers deceive
- Demo from brokers,
- Analytics from brokers,
- 13 ways to lose at BO,
- What to do if the broker does not withdraw money,
- The truth about binary options
- Fines from regulator-1 (24option),
- Fines from regulator-2 (IQ Option).
