Scams / Frauds

Binary Option SCAMS

Prestige Binary Options 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.

warning logoBinary Option SCAM BROKERS (STAY AWAY)

NRG Binary, Option Trader, Global Trader 365, Option Area, Traders Room, Ny Stock Options, Four Markets, VIPBinary, Amber Options, Sycamore Options, EZ Binary, XB24, Safe24Options, TraderXP, Banc De Swiss, Options XO, Vault Options, GTI Markets, Royal De Bank, GOptions, Golden Binary, OptionMaker, OptionNow, Titan Trade, Trade Rush a.k.a RedwoodOptions, Traders King, Tiger Options, BinaryGoal

PBO Broker banner

Binary Option SCAMS (Losing AutoTrading Bots – STAY AWAY)

Protected Profits, Millionaire Bot, Trend Trader App, Aussie Method , The Millionaires Maker, Free Millionaire System, Overnight Profits App, Mega Profix, The Pearson Method, Infinite Binary Profits, Copy The Pro, Spider Profits, Magic Money Machine, Secret Algo Bot, Binary Reserve System, Push Button Salary, The Bonus Busters, Global Profits App, The Banker Profit System, 5K Daily Profit Club, Binary BackDoor, 18 Minutes, Life Style Payments, Samaritan System, Auto Wealth Bot, The Currency Code Counter, Real Profits, XTP App, Michael Freeman Nigerian Scam, Safe Zone Strategy, Coffee Cash Cheat, Binary Option Robot, Millionaire Shield, World Wide Domination, Trading Compass, Prof Hansen App, Master Sniper Trading, Profits Today, First Class Profits, Profit Stackers, The MockingBird Method, Dollars all Day, Cash Crew App, Passive Profits, MMATC, Holiday Cash Bot, Profit Maximizer 2.0, Millionaire Trader Biz, Flip My Binary Account, Spectre System, Profits Now, Zero Risk Binary, Money Matrix, 15K in 15 Minutes, InstaCash, Pecunia Pact, Marvins Secrets, One Step Ahead Program, Bayesian Binary, Saffa Method, Mobile Money Millionaire, Dr Binary, Citi News, Profit Magnet, Triple Threat Trade, Greg Insider Method, Certified Income, New Year Profits, Guaranteed Payouts, Brit Method & Canuck Method, Secret to Success, Free Money AutoTrader, 7 Figure Challenge, Star Wars Binary Bot, Fast Cash Biz, The 2016 Method App, Medallion App, Secret Millionaires Club 2016, 100% Profit Bot, The Millionaire Bot, Million Dollar Months, Simple Profits, Phenomenal Signal, Ultimate4Trading, Global Millionaires Club, Automated Cash App, US Millionaires Club, UK Millionaires Club, Phoenix Trading, Einstein Method, Binary Freedom Formula, Binary Meta Bot, Power Profit Platform, Epic Winner Software, Stark Trading, Pump Trades, Magnetic Profit, Nautilus Method, Gold Trade Microsystem, Zulander Hack, Trade Fusion, Quick Cash Plan, Millionaire Replicator, Social Tech Trader, Push Money App, QBits MegaProfit System, 1K Daily Profit, Legacy Club, Alpha Money Generator, Binary Secret, Wells Investments LTD, DeepNet Trading, Altronix App, Thousand Dollar Days, The Amissio Formula, Midas Touch App, ForenX, Forex Multiplier, Elite Millionaire Society, Social Trader, Trade Tracker Pro, Limitless Profits, My First Online PayDay, Trade X Confidential, Profit Maker Method,Pearson Profits, TrianaSoft App, Cloud Trader, Binary Brain Trust, Virtual Income, Wall Street Lifestyle, The Golden Paradigm, Profit Insider Pro, Sydney System, Drexel Code, The London System, Sleeping Money Machine, TSI System, Cyber System, Final Algo, The Millionaires Club, The Malay Method, Lie Detector Millionaire, Daily Trader Club, 300 Dollar Trade, Quantum Income Machine, Dream Profits, Free Money Guaranteed, Binary Interceptor, Auto Trader Alpha, Insured Outcome, Underdog Millionaire Pro, Alive In 5, The Referral Program, Safe Cash, Profits Infinity, Globe Traders, Hedge Formula Group, Million Dollar Challenge, The Midas Method, The Money Glitch, GPS Trader, 300 Millionaire, Chess Masters Code, 98Success App, Hoffman Stein Nexus App, Perpetual Formula, Rapid Income Method, GreenWood Formula, ICE9 Technology, Midnight Money Machine, Millionaires Code, Easy Wealth Creator, The Azure Method, Google Trader, Regal Wealth, Disrupt Trading, 97% Partners, Bank Tracker Bot, Playboy Money Machine, The Alderley Code, Trusted Binary Bot, Binary Profit System, Fintech LTD, Millionaire Blueprint, NavStar Trader, Convergence Sniper, Click Trade App, Trade X Profit, Escape the Race, SafeGuard Trader, Unlimited Profit System, Quick Cash Method, Quantum Code, Profit Protection, Mirror Trader, Freedom Circle, Binary Options ProBot, Currencies Club, Auto Money Generator, The Cobalt Code, 7 Figure Months, Binary Master Mind, High Frequency Trader, The Profit Hack, Bonanza Pro, 50K a Week, Pure Profits, Mobile Binary Code, Compound Trader, Cash Capital System, Compound Trader, Pro 5000s, Make Money Robot, Cash Formula, Trader’s Revenge, AlgoMaster System, Lazy Millionaire, Market Buster, Brexit Money Machines, Cambridge Method, 5 Day Millionaire, Black Swan App, Brooks BluePrint, Fast Cash Club, Maximus Profits, Auto Money Machine, Money Code, Millionaire Reborn, 3Steps 2 Cash, Opus Formula, Money Mentors Club, Brexit Bot, Zero Loss Formula, Millionaire Trader, Modern Profit Professor, My Winning System, Binary Compound System, Option Figures, Cash Improve, Automated Binary, Lucrosa, EUxit, Prizm Tech, Wall Street Trading Software, Binary Trust Method, Centument Project 2.0,

HYIP Scams (New Category)

BTCWIN Limited, Hour Deposit, Sport Pharma Invest, 24 Paying Limited, Supreme Funds,

♠♠♠ The Best Auto & Semi-Auto Trading Software in the Industry, 100% endorsed by All Binary/Forex Authorities Neo2 Updated Trading Results

Neo2 trading app

** 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?

Please help PrestigeBinaryOptions.com in putting these Scams on the spotlight. With you input, feedback, and comments, revealing illegal actions to the open public will help diminish their power within the industry. As a result we can save you and a lot more people from malicious claims of get-rich-quick schemes.

Leave a comment or reply down below if you’re familiar with any of these phony Schemes & Scams. If you know of anymore that aren’t on my list, please bring it forward. PrestigeBinary will be more than happy to investigate them and put the word out. If by unfortunate circumstance you’ve become a victim of fraud, you may contact us at prestigebinary@gmail.com     We will do our best to assist you!

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Binary Option Scams
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51 thoughts on “Scams / Frauds

  1. Jessica

    This is awesome!! ive recieved many emails from a lot of these fake auto traders in your blacklist all the time. They bombard you with so many emails its hard to know if they are legit. You guys are great and i love the awareness your spreading. Thank you guys!

    Reply
  2. Trevor

    Unfortunately I signed up with Binary Matrix Pro over almost 2 years ago. Lost most of money very quickly. it was a pain in the neck but I filed a claim with my credit card like you said and got it resolved.

    Reply
  3. Lyde Arsene

    Please told me exactly what auto trader software has an guarantee of making money? Is cash camp trustable?

    Reply
    1. Paul C. Post author

      Hi Lyde Arsene
      The BEST service for providing traders with profitable results is MIKES AUTOTRADER. Its very trustworthy because you get a free invitation to Mikes Private Signals Group on Facebook. Traders can learn many strategies on how to trade binary options AND follow trading signals posted on the group wall by professional traders. Its the best service around and NO other auto trader offers this feature! Im sure you will like this. Check it out by clicking here – Mikes Auto Trader & Signals Group

      Reply
  4. Sherman

    Do you know why people want to learn binary trading.
    They dont allow fear or greed to dominate their strategy.
    With people like you exposing these scams, youre helping make
    binary options a sager place. Well done.

    Reply
  5. Daniel

    Hello guy !
    what do think about fashcash.biz? Who else did try before? And any experience about this system. Pls let me know more about ít. Is ít a scam site?

    Reply
    1. PrestigeBinary Post author

      Hi there
      Fast Cash Biz is a SCAM so be careful. When first released it was very popular and several traders claimed they were winning trades with the system. However as the months went by, traders started noticing their performance declining. Traders are now losing all their money with the Fast Cash biz scam. Heres a video of my Fast cash biz review which further explains why traders should avoid this scam – https://youtu.be/7rflLCGRIdg

      Reply
  6. Eddie M

    Prestige,
    What do you know about Citidel Ltd, the things that I’ve been reading say that there a very legit company and that there not a scam. I know I don’t see them on your Stay way from scam list. Also is Virtnext a true Legitimate company?

    Reply
    1. PrestigeBinary Post author

      Hi Eddie,
      Citidel LTD is doing very well with traders and has a great reputation. I use it myself and you can read all about them here and see my results with the software – https://www.prestigebinaryoptions.com/citidel-ltd-investment-app-review/
      I used Virtnext for a while when it came out in November and also saw some profitable returns. i don’t use it anymore because now im using the Citidel App and i don’t recommend anyone using more than one software at a time. But they’re both pretty successful

      sorry for the delayed response

      Reply
  7. Lee Jones

    Hi, do you know if banc de binary or onetwotrade are scams? I’m unsure who to use for trading and best auto trading bots. Can you advise please? I’m in the uk. Thanks

    Reply
    1. PrestigeBinary Post author

      Hi Lee,
      Banc de binary is among the oldest binary brokers and theyre are overall reliable. I dont trust onetwotrade because they have a terrible scamming reputation. For automated trading services, Ive been using the CopyBuffett Software for the past month been documenting my results. Its a great software which provides auto and semit auto features for automated and manually trading features.

      Reply
  8. Steven Randell

    Have you heard of michael covert trending? Its more of a subscription for stock strending. Would you check it out and let me know what you think about it?

    Reply
    1. PrestigeBinary Post author

      Cant say i have Steven. I searched online for any information but didn’t find anything. If you could send me a direct link to their software so i could check them out?

      Reply
  9. Bill Lawson

    Hi
    I was looking at your list of scam Brokers and was surprised that UK Options was not listed!
    I have been trying for Months now to withdraw my money, now they completely ignore me.
    Has nobody else mentioned them to you?

    Reply
    1. PrestigeBinary Post author

      Hi Bill,
      Thank you bringing this to my attention. Id like to understand a bit more regarding your situation so i can check them out. Did you accept any bonus offers? Did they give you additional funding to your account? Did you allow them to trade for you? Let me know so i can further investigate.

      regards
      Paul

      Reply
  10. Arun Kumar

    Dear Paul,
    You are providing great service to the innocent investors world over.

    Reply
  11. Stephen

    As Arun has written Paul, i won’t trust any other reviewer for my info., that’s not to say there is other trusted, honest reviewers, but you are the only one i go to.

    Reply
  12. steve n.

    HI THX FOR THE REVIEWS! PLSE CHECK OUT 10 DAY OPTIONS??
    STEVE
    AUST.

    Reply
  13. Azeez

    pls I need to know the most trusted and reliable auto trading bots,pls save us from their tricks.thanks.

    Reply
    1. Prestige Post author

      Hello Azeez,
      Check out the CodeFibo app. Its a simple autotrader and manual signals provider which offers simple settings you can adjust and control. Its fairly new and its producing great results. Check them out here – http://tiny.cc/CodeFibo

      Reply
  14. Pingback: Patty

  15. Raj

    Hi Paul
    Also how do we normally find out how much volume to trade when bonuses are involved, the broker keeps saying you can’t withdraw till the volume is complete!
    This for UKOPTIONS

    Reply
    1. Prestige Post author

      Hi Raj,
      bonus volumes vary depending on the broker own guidelines. For more specific details they require, you would need to check with your broker

      Reply
  16. Jones Jacob

    Hai Paul,
    I signed up with an auto trading software called binaryoptionautotrading.com. It qas doing well after like 2 – 3 days, but its performance started to detoriate and i was losing my money. Can you please review this auto trading site? Then i signed up for binadroid that is the older version and did not get any replies from them. I tried going to the broker they gave me that is binary room 365 which i had heard before and tried to chat with them online but there was no response from the other end. Can you please review that too. I see your youtube videos of you reviewing code fibo app and i would like to give that a try. I am a new trader and i have no idea on how to read graphs especially the ones from freestockcharts.com. i have a doubt on the support and resistance lines that you need to put on the graphs and also i go through the site called investing.com to see if there are any opportunities to trade like how you say in your videos. I will be following your videos to trade especially on code fibo app.

    Reply
    1. Prestige Post author

      Hello Jones,
      Yes i will certainly look into binaryoptionsautotrading.com. Ive been hearing more and more negative things about them so they definitely need to be exposed. The codefibo app is a great software to look into. Its a simple autotrader and manual signal provider. you dont need to set up charts. The video i posted just yesterday was to give a visual on how the software operates. Its certainly become a very beneficial software for beginners and experienced traders. – http://tiny.cc/CodeFibo
      You an also reach me easier at prestigebinary@gmail.com

      Reply
  17. Christo

    Binary Tilt is a scam, and beware of this broker!!! They cancel withdrawals and there broker agents are bad investors losing all your money. Please stay away from this broker,it’s bad business!

    Reply
  18. Phillip Ackermann

    Hi Paul. I am from South Africa and we see a lot of these scam software popping up on Facebook and a lot of people in SA are falling for these scams. So was I. What can you recommend for us here in SA.

    Reply
    1. Prestige Post author

      hi phillip,
      youre right, there are a lot of scams being advertised everywhere, especially those annoying ads on facebook.
      However, i suggest looking into the Pro Binary Bot, it’s a full autotrader and connected with Regulated Brokers & free demos.
      You can learn more here – http://tiny.cc/ProBinaryBott

      Reply
  19. Keith

    Hi Paul, Thank you for your insight into this market. I am from South Africa and have very recently started with Trader VC, are they legit?
    I am now concerned, have I been duped?

    Reply
    1. Prestige Post author

      hi keith,
      sorry for the late reply, yes you can safely trade with TraderVC they are a fairly new broker and very reliable for trading and withdrawals. As a reminder, make sure you never accept any bonuses from brokers.

      Reply
  20. Jan Pretorius

    Dear Paul
    1.0 Will you and your staff please be so kind to investigate and do a review on OptionRobot365 .
    2.0 Maybe I am the blind in the land of the one eyed kings but in my humble opinion the BinaryRobot365 is a total ripoff machine .
    3.0 The Robot empty my account of $100US in a bit more than one day . I am aware that $100US seems not to be much , but for a beginner it is a fortune .
    4.0 In my opinion a Robot or Signal Provider Tool that is real , professional and what ” work ” must have the ability to function on its own making money for its user/s and when the user/s adjust its settings , it is to try , in a sence , to manipulate the Bot in order to up his/her profits ( that is possible if all the settings is functioning as it should be ) .
    5.0 In my case I used the settings as recommended by a staff member and when I mentioned it to a ” Trading Expert ” on their life chat facility his response was simple that it is not the settings he is using and that it must have been given to me by a junior staff member . In a other case I used the settings that is recommended in the FAQ . Further , out of desperation , I tried to set the BOT on my own .
    6.0 In all the afore-mentioned cases the results were disasterios . It felt like the Robot is some kind of pre-programmed monster , programmed to drained your account systematically . It feels that it is some kind of a shadow of a stock exchange . It is a matter of 10 for them and1 for me .
    7.0 The other thing that is even more dodgy , is when I complain , they offered me a refund , on condition that I open a new account as well as funding it again with $100US . Maybe the meaning for it is to be some kind of virtual bonus , only to milk even more money out of me . In the meantime the Robot is to scammy to work with the remaining $11 that was left in my current account in order to try to rebuild my account .
    8.0 For me it is to late , my money is down the drain , but unmasking these people could spare other investors , especially beginners , the tears and save them from making the same mistake that I did .
    9.0 It have to be mentioned that I have proof of their recommendations , etc . and can forwarded to you if needed .
    10.0 Thank you in advance .
    Best regards .

    Reply
    1. Prestige Post author

      hi Jan
      Ive heard of the optionrobot365, and yes its been confirmed this app is a scam. Ive never actually created any review or video on my channel about optionrobot365, but after reading your message, i think its time we post an updated warning about them. I will look into them more closely, investigate other scamming factors about them and post a review against the option robot 365 scam.

      Reply
  21. Manjunatha

    Hi Paul
    I m from India and I m new to this binary trade can u please guide me and suggest me a genuine Auto trade app for earning
    Best Regards

    Reply
    1. Prestige Post author

      hi manjunatha
      i suggest looking into the ProBinary Bot app. Its an Autotrader performing very well & connected with Regulated Brokers you can choose & free Demos. You can learn more here – http://tiny.cc/ProBinaryBott
      For more updated and safer trading apps, i also recommend the Tai Robotic App and the Management Software. Both of these apps are fully autotrading systems which makes them very easy to use for beginners. Plus they provide settings which allow traders full control over these apps. They are easy trading softwares for making money online.
      Tai Robotic App – http://tiny.cc/TAIRobotic
      Management Software – http://tiny.cc/MSManagementSoftware

      Reply
  22. Dale Redmon

    It seems like most of the referrals I click on are “not available in your [my] area” . I take that to mean the U.S. I also guess that means they do not report tax info.

    Reply
    1. Prestige Post author

      hi dale, sorry for the delay.
      Yes most trading apps are unavailable for the USA due to limited brokers.
      However USA traders do have access to an automated trading app called bin bot pro. Its fully automated, performing very well , recently updated software & connected with Regulated Brokers you can choose & free Demos. Bin Bot Pro – http://tiny.cc/BinBotPro

      feel free to email me anytime at prestigebinary@gmail.com

      Reply
  23. Faisal

    Hi Paul
    Here is Faisal from Pakistan. I am new in Binary. Can you plz recommend some Real/Genuine Auto Trader Robot and trusted Broker because I tried so many times to create account on the top most recommended Binary Option Signals Provider (United Trading. Lexington Code, Nuvo Finance, Gold Digger) recommended by your goodself in your web page but none of them allowed me to create the account because of reason “NO BROKER FOR
    TRADE AVAILABLE IN YOUR REGION”.
    Kindly guide me.
    With Best Regards,

    Reply
    1. Prestige Post author

      hi Faisal,
      Sure no problem, ill be happy to help.
      As top choices, I also recommend the BinBot Pro & Option Robot. They are both Autotraders performing very well , recently updated softwares & connected with Regulated Brokers you can choose & free Demos.

      Option Robot – http://tiny.cc/Option-Robot
      Bin Bot Pro – http://tiny.cc/BinBotPro

      If your having trouble joining with apps in your country, email me directly at prestigebinary@gmail.com & ill be happy to send you simple tips for joining if your interested.

      Reply
    2. Prestige Post author

      hi Faisal,
      Sure no problem, ill be happy to help.
      As a beginner trader, I also recommend the BinBot Pro & Option Robot. Available in most countries, They are both Autotraders performing very well , recently updated softwares & connected with Regulated Brokers you can choose & free Demos.

      Option Robot – http://tiny.cc/Option-Robot
      Bin Bot Pro – http://tiny.cc/BinBotPro

      But If youre having trouble joining with apps in your country, you can also email me directly at prestigebinary@gmail.com & ill be happy to send you simple tips for joining if your interested.

      Reply
  24. Haris

    Hi, I signaed up with Tia Robotics and they assigned me Bonary Online broker ? Is it a legit broker or fraud ?

    Reply
    1. Prestige Post author

      hi haris,
      the binary online broker very reliable, I have a couple accounts with them in connection with some other apps, Ive never had issues with them. Great for trades and withdrawals.
      Tai Robotic App – http://tiny.cc/TAIRobotic

      Reply
  25. Jackon

    Hello Paul. I have been looking at nxoptions as they say they have a proven method of trading with Verna Almazan. could you please check this out.

    Reply
    1. Pretige Post author

      hi Jackon

      ill be happy to check them out. But if Verna Almazan is an account manager from that broker, I suggest you use caution because account managers are aggressive traders who put your money at risk.

      Reply
    1. Prestige Post author

      hi Neso, there are a lot of reviews out there saying Bitconnect is great. However all these positive feedback are actually from affiliate members who get paid to get others to join. But if you check the bitcoin forums, there are many confirming Bitconnect is NOT reliable, but worse is they don’t even pay many of their members the money owed to them. Be careful

      Reply

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