Scams / Frauds

Binary Option SCAMS

Prestige Binary Options takes pride informing the public of counterfeit Binary, Forex & Crypto scam companies. As traders, its important to notify the public & 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 positions 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 Brokers & Money Losing Scams below to save yourself a massive unnecessary losses.

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CryptoCurrency Auto-Trading SCAMS7

AutoCrypto247, Altcoin Trends, Best Coin Bot, BitConnect, Bitcoin Bonanza, Bitcoin Bridges, Bitcoin Code, Bitcoin Focus Group, Bitcoin Pro App, Bitcoin Revolution, Bitcoin Secret Loophole, Bitcoin Loophole, Bitcoin Trade Robot, Bitcoin Trader, Bitcoin Marketing, Bitcoin Millionaire, Bitcoin Millionaire Today, Bitcoins Wealth Club, Bitcoin Wealth, Banking On Blockchain, BlockChain2Bank, Coin Bot Lab, Crypto Robot 365, Crypto Coin Crusher, CryptoCurrency Codex, Crypto Code, Crypto CFD Trader, Crypto Edge System, Crypto GPS, Crypto Inner Circle, Crypto Money Maker, Crypto Method, Crypto Revolution System, Crypto Robot 365, CryptoROBO, Crypto Shield, Crypto Soft, Crypto Trade System, Crypto VIP Club, Crypto Wealth Creator, Ethereum Code, Gemini Software System, ICO Money Maker, Liberty BTC, LiteCoin Trader, One Bitcoin A Day, Profit Wizard Pro, Ripple Code, The Bitcoin Challenge, The Bitcoin Method, The Bitcoin Trader, The Crypto Genius, Trade Center Pro

Initial Coin Offering (ICO SCAMS)

BitDetector, Bitroxa, BitLucre, CoinPlus, Crypto301, Crypto 360 Pro, Crypto Stars, CryptoIndex Limited, HouseHash, MinerHash, Panther Gold Mining, RainHash, Real Mining Solutions,

Binary Option, Crypto & Forex 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, SeconInvestment

Binary Option SCAMS (Losing AutoTrading Bots – STAY AWAY)

FX Master Bot, GainMax Capital, TradersVendetta, 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, 1G Profit System, 1K Daily Profit, 1K a Day, 50KaWeek, Binary Robot 365, Blazing Speed Trader, Binary Robo X, FX Master Robot, ForexRobot, MultiPlexer System, GainMax Capital, Global Investment Satellite, GatesWay, Hawk Code, Mirror Trader, Moscow Millionaire, MT Soft, QProfit System, Stabilis Lucra, Tesler, Telser2, Trend Catcher, Way2Freedom,

HYIP Scams (New Category)

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

** 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 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     We will do our best to assist you!

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Reviewed Item
Binary Option Scams
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  • 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!

  • 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.

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

    • 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

  • 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.

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

    • 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 –

  • 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?

    • 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 –
      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

  • Thank You for your response It’s very much appreciated.

  • 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

    • 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.

  • 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?

    • 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?

  • 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?

    • 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.


  • Can you please check out the purported Professor at Chicago Uni Economics Dept

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

  • 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.


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

  • Pingback: Patty

  • 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

    • 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

  • Hai Paul,
    I signed up with an auto trading software called 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 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 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.

    • Hello Jones,
      Yes i will certainly look into 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. –
      You an also reach me easier at

  • 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!

  • 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.

    • 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 –

  • 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?

    • 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.

  • 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 .

    • 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.

  • 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

    • 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 –
      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 –
      Management Software –

  • 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.

    • 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 –

      feel free to email me anytime at

  • 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
    Kindly guide me.
    With Best Regards,

    • 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 –
      Bin Bot Pro –

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

    • 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 –
      Bin Bot Pro –

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

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

    • 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 –

  • 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.

    • 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.

  • Hi, does the 10 min strategy still works?

    Paul, you say is scam….
    I dont think so…

    • 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

  • Hi Paul
    Is UTRADER ok as a broker b4 i deposit my money thanks for your help
    Jeff p

  • Hi Paul

    Its me Herwin from Philippines,I’m in the stage of choosing binary options signal provider. can you please help me and what you recommend here in Philippines.Thank you.

    • Hi Herwin,
      For a safe and reliable binary trading app, I recommend Option Robot or Maximus Edge Autobot. The Maximus app operates on real indicators and trading methods for adjusting itself properly during market conditions. Plus the Maximus edge app provides you with all the trading signals, all you have to do is choose which trades you want, and click the TRADE Button. This actually allows you as the user full control over your own automated trades. ™Maximus Edge Autobot –

      Option Robot has been around for a few years, its fully automated, recently updated, and provides traders with various settings you can control. Plus they also provide members with free demos for practicing. ™Option Robot –


    Robert UK

  • Is Optiona Robot still profitabe is it still reliable .
    I read that Option robot add automated binary works the same. Their Demo is OK but when you Deposit there are more losses and fewer wins and your money start to decrease untill your balance is ZERO.


    Langa LL

    • hi Langa
      Yes option robot is still a great software and very resourceful. Automated Binary is a completely separate app which came out AFTER Option robot, and yes Automated Binary is a Scam!
      Option Robot has been around for a few years, its fully automated, recently updated, and provides traders with various settings you can control. Plus they also provide members with free demos for practicing. ™Option Robot –
      Heres one of my live trading updates posted on our channel –
      REMEMBER: Demos are just practicing tools utilized by many apps and brokers. They are NOT connected to live market values. Demos are simply used for exploring a program without having to risk any funds.

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