Category Archives: Scam Brokers

How Do Scam Brokers Operate and How to Identify Them

The binary options industry is changing rapidly and becoming more regulated and professional. However, there are still some brokers who manage to slip through the cracks and operate a scam business designed to be short-term profit maker based on defrauding traders and stealing their money. How To Identify These Brokers: Seek Regulated Brokers: An officially accredited broker would risk losing their license. An official CySec license for example costs around 200,000 Euros, and also includes various ongoing fees. Too many complaints will get the broker sanctioned, and ultimately they will have their license revoked without the ability to get their …

Why Are People Complaining About Binary Options Scams

The complaints below are just a few of many emails I have received from traders that have already invested their money through signal software providers such as the German Binary Robot, Binary Matrix Pro, and Profit in 60 Seconds. Richie C: Hey John, I am hoping to get involved with you and your site but I am very wary because I’ve been burnt by signal systems before and I’ve lost my job so I really need to make a wage and keep my home, can your strategies help me out of the hole I find myself in. An honest opinion …