Can I be scammed?
You are in this page becuse you want to avoid being scammed! Very well. There are new autotraders released daily! Most of them are a primitive copies of reliable TOP software that are based on highly advanced algorythms. The difference is this: one can help you make good predictions about makrket the others will just rip your account off asap.
Why is it that since the inception of Binary Options Industry, we have seen a rife growth of Scam Binary Options Brokers and Fake Signal Software, Robots and Indicators?
Two simple reasons:
- Binary Options Trading is a relatively new industry and is growing very rapidly, but until just very few years ago, it was totally unregulated. This makes it a very attractive nest for vermin to breed and fester.
- Scammers are banking on a catchment area of individuals who are looking to make a quick and easy profit. This stems from either need or greed. Probably it also is punctuated with lack of knowledge.
Burning out your account with Fraudulent Binary Options brokers, or paying money for Trading Software which is fake and is only intended to make a quick buck for the developers – if you can grace them with such an unworthy accolade – is a tough price to pay. If you have fallen victim to scam it is usually due to ignorance and lack of knowledge– but once burnt – it is a lesson for life. Check list of legit brokers.
Luckily today, the media has become more marshaling and taxing on cheaters and liars – and scam is also exposed as fast as it is born. This is the scope of this page. Anyone doing a little bit of dirt digging will come up with consistent answers of what is Scam and what is good in the Binary Options Industry.
A Quick Checklist to help you eliminate fake and Scam Binary Options Signal Software and Indicators.
Advertising will include the following:
- Very colourful pages with flashing lights. Colours include strong, blacks, yellows and reds. A cacophony of action going on at the same time.
- Promises of Robots and Indicators that make $$$$’s thousand of dollars per day on small investments
- Fake testimonials by hired actors who are all gushing at their fortune of having made so much money overnight
- Photographs of fancy cars, mansions and super yachts. A classical rags to riches story.
- The page has a timer – and keeps tracking how much money you are loosing per second that you do not enter the software
- Software promises to be free – but directs you to a Scam Broker site with whom you will deposit money – which is never to be seen again
- If you try to leave the page – you have warning signs that you are about to loose your dream future.
A typical Scam product like this is for example the Millionaire Bot
For Signal Software that is tried and tested please read and visit our Signals Page
With binary options brokers – there are more than 200 binary option brokers to choose from and plenty of them are Scam Brokers. It does not however mean that they are all scam brokers. Since 2013 plenty of Brokers have chosen to become regulated. We highly recommend especially if you are outside the US – to choose brokers that are regulated by CySec, FSA, ASIC and other bodies. These regulating bodies have standards and ethical practices that the Brokers need to adhere to. If Trading in the US, regulated brokers are not allowed to solicit Traders from the U.S – however we have also prepared a list of verified Binary Option Brokers for U.S traders on our Recommended Broker List.
Binary Option Sheriff is committed to regularly review scam software as quickly as it lands in your inbox. We encourage you to subscribe to our email list, so that we will update you on which Scam Sites to avoid. And check out our reviews on Scams that have been exposed.
Below is a list of scam apps that should be avoided because they have consistently failed in their obligations to their investors.
If you have more information or evidence about brokers which have persistently proven themselves to be scammers – please leave a message in the conversation box below or contact us privately on support[at]binaryoptionsheriff.com. We do have means to go to a resolution centre.
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