Binary Options Scam – How to navigate the risk

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

7 Binary Options

Binary options trading software is a great way to boost your trading advantage. However, you need to be aware that not all of the automated signal providers that are advertised on the internet are reliable. Some of them are even downright scams. It is important to make sure that you are investing your money with a legitimate trading system.

Binary Options Pro Signals is one of these automated trading robots that claim it can earn you thousands of dollars in just sixty scones. Can this trading system be trusted or is it in fact just another scam system? Read our Binary Options Pro Signals review to find out the truth.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations

  • Website is easy to navigate
  • Binary Options Pro Signals software is 100% automated
  • $14 charge for 14-day trial
  • $97 monthly service fee
  • Customer service is subpar and unresponsive
  • Customers have complained that they were not given the promised 60-day money back guarantee.

7BO Verdict:

Not Reliable Service

What Is Binary Options Pro Signals?

Binary Options Pro Signals is a fully automated trading system that claims it can accurately predict trading signals and earn users thousands of dollars within just minutes of activating their account. There is a 14-day trial offered for this system, however, you will be charged $14. After this time, should you continue to use the service, you will be charged $97 a month.

Binary Options Pro Signals boasts that it has the largest variety of trading assets available for traders and even offers a 60-day money back guarantee if you are not completely satisfied.

Okay, first of all, we feel that the $14 charge for the “trial” period is a bit much. There are plenty of other signal providers out there that offer free trials, as well as free demo accounts. Secondly, the month charge is also a bit exuberant. And as far as the 60-day money back guarantee, we read far too many complaints from traders that said they put in a request for their money back guaranteed and are still awaiting a response from Binary Options Pro Signals customer support.

How Does It Work?

Once you make your initial standard deposit of $250 and create an account with one of the brokers associated with Binary Options Pro Signals, as well as pay the $14 for your 2-week “trial,” you will be able to gain access to the trading software. As it is fully automated, you can set it up so it will automatically place trades on your behalf. Once you start to see a profit, you may initiate the withdrawal process.

However, we must point out that the majority of traders who have used this service have stated that they do not obtain any winnings with Binary Options Pro Signals. Others complain that they filed for the 60 Day Money Back Guarantee as they were unsatisfied with their service and never received word from customer service regarding their request. We feel that these factors render this service untrustworthy and therefore we cannot stand behind this trading software.

Conclusion: Is Binary Options Pro Signals a Scam?

As of this writing, we have no proof that Binary Options Pro Signals is, in fact, a down and out fraud, but we strongly recommend that you do not sign with this trading system. There are far more reliable trading systems available, both for manual and automated trading. The number of negative reviews and complaints we found regarding Binary Options Pro Signals lack of results and poor customer service leads us to believe that this system cannot be trusted under any circumstances.

Binary Options Scam – How to navigate the risk

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Member Since Dec 11, 2020 1487 posts mlawson71 Sep 01 2020 at 15:24

What is fascinating to me is that the binary options scams are so wide-spread and ubiquitous that have spawned another industry – that of the recovery companies and professionals. (https://www.forexbrokerz.com/news/Recovery-room-scams%E2%80%93the-ugly-spawn-of-binary-options-fraud)

The situation with the recovery companies is rather similar to that of the binary options companies. There are the honest ones and then there are the fraudsters. It is hard to distinguish them and clients should be extremely careful.

Member Since Apr 19, 2020 2 posts ianlav Sep 03 2020 at 06:43

Something a lot of people don’t realize is that whether a binary options broker is a scammer or not does not matter. Take an honest binary options broker, and look at the payouts. They are downright terrible. Your odds are literally better playing at a casino than they are with binary options.

It is very very difficult for a trader to get a win rate of greater than 55% on these even trades on a long term basis. Sure people can sometimes do it in the short term, but extremely rarely in the long run. Now apply that 55% win rate to an 85% payout and what do you get? A long term negative trade expectancy. It will just be a matter of time before your capital is eroded, and probably faster than at a casino.

If you think you have an edge in these markets, then trade vanilla options on a regulated exchange like the CBOE. You can’t get scammed because it is a regulated exchange, AND you can build equivalent trade setups with equivalent payouts of 95%. Apply that 95% payout to a 55% win rate and you now have a positive trade expectancy.

Member Since Aug 09, 2020 95 posts Admoni Sep 03 2020 at 06:50
Member Since Dec 11, 2020 1487 posts mlawson71 Sep 04 2020 at 14:01
Member Since Sep 25, 2020 1 posts Irina96 Sep 25 2020 at 14:44
Member Since Aug 09, 2020 95 posts Admoni Sep 28 2020 at 06:44
Member Since Apr 13, 2020 14 posts petkofxlev38 Oct 01 2020 at 06:39
Member Since Dec 11, 2020 1487 posts mlawson71 Oct 02 2020 at 13:21
Member Since Feb 12, 2020 522 posts Baldo (BaldoN) Oct 03 2020 at 13:50
Member Since Jul 10, 2020 1 posts samabiong Oct 04 2020 at 07:26

The Canadian Government has made their decision:

The Australian Government started heading in the same direction in June:

The problem now is that many of these Binary Options SCAM companies are now trying to get into Cryptocurrency and Forex.

Binary Options scam exposed

Тему создал/а Bergman, February 10 in Trading

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    Scams / Frauds

    PrestigeBinary takes pride informing the public of counterfeit, binary option scam companies. As traders, its important to notify innocent people be made aware of malicious propaganda and slip the grasps of these fraudulent organizations and their scams.

    The CFTC and the SEC have received many complaints of fraudulent websites and scamming programs that offer “opportunities” to buy or trade binary options through internet based platforms. Almost 100% of these complaints fall into these four main categories: “Refusal to credit customer accounts or reimburse funds to customers”. “A sudden disappearance, in terms of no replies to emails and phone calls”. “Identity theft”. And “software manipulation to generate losing trades”. To ensure you do not fall into the greedy hands of these ill-willed sites, please review & familiarize our list of Binary Brokers & Money Making System Scams below to save yourself a massive headache along with your hard earned money.

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    Binary Option SCAMS (money making rip-offs and phony Auto Trading Systems – STAY AWAY)

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    * * With your feedback and support, we can put an end to these Frauds and warn others of potential dangers that await in these scam systems

    It’s organizations like the binary scams above that tarnish the binary option industry and place a bad reputation. Trading binary options is a multi-billion dollar industry with many profitable opportunities. Any trader can learn a lot and generate substantial sums with the right Education, Resources, Automated Trading Softwares, and of course a Trusted Broker. Without a reliable broker or auto-trader, you execute all the trades you want. But what good is it if you cant even withdraw you winnings?

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      The Best Binary Options Broker 2020!
      Perfect For Beginners!
      Free Demo Account!
      Free Trading Education!
      Sign-up Bonus!

    • Binomo
      Binomo

      Trustful Broker!

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