Scams and Blacklist

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Scams are unfortunately all too common in the field of binary options. Dishonest brokers and reviews, or rigged robots and other auto trading services — the scams can come in many forms. When any new financial instrument or form of trading first emerges, a whole range of businesses tend to get involved. This is certainly true of binary options.

It is, after all, an accessible and popular method for individuals to trade the markets. But as with any international online marketplace, there are still some shady outfits who will leave you with less than you bargained for.

So what are red flags to look out for? Here are the points to consider as you go about choosing your binary broker. They liaise with bank or credit card firms in order to get charge backs made to reclaim deposits. They will tell you if you have a valid claim via a free consultation. Ideally, focus on review sites that allow and encourage real-life users to get in contact and report and problems with particular brokers, so you can be sure that what you are reading is up to date.

Below is an always up-to-date list of our top 3 trusted brokers. You can find a list of all the brokers we recommend here. They have already created a list of unauthorised firms.

While they are not calling them scams, they are making it clear that these firms are breaking the law by trading with UK visitors — so they are best avoided. The full list can be found here: By contrast, the USA along with most other EU countries do binary options strategy scams on facebook binary options as financial products.

Depending on where they are based, many platforms will, therefore, be subject to oversight from a regulatory body. It shows that the binary options strategy scams on facebook has to abide by certain minimum standards when it comes to service and transparency. Taken in isolation, the act of placing a trade should be a straightforward one; and indeed, the usability of a platform tends to be a big selling point for brokers.

Realising a profit through regular trading requires binary options strategy scams on facebook of how markets behave, the ability to read market conditions and an understanding of strategy. Read the smallprint, and be especially wary of needlessly convoluted procedures for withdrawal of funds. Terms regarding your initial deposit can be another source of contention; for binary options strategy scams on facebook, if you are denied access to the deposit until a certain number of binary options strategy scams on facebook are made — so your money is tied to the platform from the moment it is handed over.

These tend to fall into two categories. The first is where you are called out of the blue and invited to sign up to a particular platform. Reputable brokers do not need to make cold calls. You should always be clear about who you are dealing with. A good broker will be upfront about its identity from the outset. On occasion large accounts will be wiped out in hours.

Always take responsibility for your own trades. Never allow a broker to make trading decisions for you. There has to be a fair and transparent benchmark against which the broker sets its prices. If the broker reserves the right to set its own prices, you can assume that those figures will be skewed against you; in other words, a loaded deck. The brokers listed below have generated a lot of complaints both directly and on the forum.

The disputes vary from upselling and encouraging traders to over trade, to non-payment of withdrawals and price manipulation. If in doubt, trade elsewhere. There are plenty of honest brokers out there. These signal providers, or robot services, are either scams or not recommended for other important reasons. If that happens, what do you do? Do you sit back and take it? Do you give up on trading? No, you need to stand tall binary options strategy scams on facebook look out for yourself.

They help claimants to explain the incident to the bank or credit card company, so that they fully understand what has happened. Some banks are unaware of binary trading and are unwilling to listen to claims. MyChargeBack help in this situation. They have a solid record of recovery from genuine claims. The internet is loaded with ads, articles, companies and individuals trying to provide you with the next big trading strategy that will make you rich overnight.

Take pause my friend, here are tips to help you spot the scam. What you actually need is an entire system. When you make a trading plan it needs to cover how you will enter markets, exit markets and how you will manage your money. It also needs to tell you under what market conditions you do all these things. That is a system, it tells you everything you need to know about how you will trade.

A strategy on the other hand only tells you when to enter and exit, and may not tell you under what conditions it works best or poorly.

In other words, a strategy may have missing pieces of information you need to be successful. Here are several things to watch for which could tip you off the product is probably a waste of money:.

For example, the product binary options strategy scams on facebook just be a series of indicators or a service that tells you when to trade, but not why. If a product or signal service stops operating you are left with nothing.

Stats are easily manipulated to tell partial truths or fabricate lies. Read between the lines. To understand performance you need several bits of information: You can usually get a sense of what vulnerabilities and tendencies a system has by looking at the above stats. One of the main things is that the strategy should be tested over a long binary options strategy scams on facebook of time, and in all market conditions—up trends, down trends, ranges, volatile and sedate conditions.

Often marketers will only publish results for a period where strategy did very well. Markets rise and fall, you want to participate in both trends. Usually a quick trading forum search on Google will reveal what others have shares about a product or service.

No trial, no deal. It should show you behind the scenes so that eventually you can trade on your own. There is no reason to make every customer totally dependent. Be wary of stats that are binary options strategy scams on facebook out. Of course remember though, past performance is not indicative of futures results. Once you understand this you can quickly and simply save your time and money with these unscrupulous dolts. So just refuse to deposit and they go away. In this image above you can see many of the scam systems are connected to each other on the same servers most often.

These JV marketers have binary options strategy scams on facebook of these turnkey scams as they are very low maintenance. The one thing they are all after is your money, so be on the look out for them asking for deposits or sign-ups telling you about amazing profits and opportunities, which will have you end up with empty pockets. We named it Binary Options Horror Story because that is exactly what binary options strategy scams on facebook is in all its gory details. If you are new to binary options read, and absorb the above warning signs fully to see how they scammed people out of their money so it does not happen to you.

Notice also how the worked with the brokers directly, which implies that they can be directly involved as well. Are Binary Options A Scam? Trusted Brokers in Germany Below is an always up-to-date list of our top 3 trusted brokers. Terms and conditions Transparency is essential. Cold calling These tend to fall into two categories. Channel sales You should always be clear about who you are dealing with.

Price Manipulation There has to be a fair and transparent benchmark against which the broker sets its prices. Cheating The Odds 4. Will They Never Learn? Banc de Binary Beeoptions Binaryinternational.

If you binary options strategy scams on facebook not yet looking for third party help, here are some steps you can take yourself: The very first thing to do is to make records of everything you can. No matter what you do next, this information will be required in order binary options strategy scams on facebook get satisfaction.

What you do next will depend on the type of scam you have fallen prey to. The next most pressing reason why withdrawals are not allowed is binary options strategy scams on facebook to bonus terms and turnover requirements. A good broker will try binary options strategy scams on facebook solve your issues, a shady one will give you the run-around. Make your voice heard.

Broker keeps giving me the run-around. After all, it is the squeaky wheel that gets the grease. You can do this by posting complaints, with details, in forums like the one here at Binaryoptions.

When you do this be sure to let the broker know and send them a link. They may not care, a sign of a shady broker, but when it comes to reliable brokers they will want to address your problems to avoid poor publicity.

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Tue Apr 3 Tokyo: Here is a new topic for Mike's new facebook group LoL lets get some more images out there of his facebook group.. March edited March LoL just the sheep he wants to sheer Biggest loser in bins ever Michael Freeman I come from a half Jewish family, also a half Nazi family and yes family dinners are great fun! Let me say that there are Jews out there most of them that are honorable hard working good people that don't go around screwing others!

As well they don't think badly of themselves but rather are proud of their heritage. My uncle has to travel to Israel all the time and he complains over and over about how corrupt and backwards they are there. So my impression of them is they are like a odd version of Hebrew Hillbillies with computers in Israel haha But don't blame being a douchebag on being Jewish you tard!

Also other middle eastern countries are just as corrupt business wise so its not just Israel alone I am told.. Israeli hookers to note are very expensive and will charge 3x the going rate btw.

I think I need to sue him for my money back!!! Can't believe this guy, I wish I could report this Jewish hillbillie to the authorities Actually he made it very easy to find him and where his apartment is located right across from where he works out in Israel and by his view i could even with a little more digging give you his apartment lol.

Honestly no need he is just a scam marketer. I bet he would scream like a little girl as he started running away haha.. Note he plans to do this again look at what he is saying in the pict below! He believes most of his members deserve to lose and how he plans on going back to scam them with another AutoTrader! Will have a live interview with Lee Oshea next week to talk about how he helped Mike create the group and then kicked him out when he was done using him These articles should be useful to everybody!

The dick says he lives in LA. Just wish we can stop him or at least warn people against him. The less people join and support him the less he will make on his scams Thanks for the info though: No he lives in Tel Aviv I even know the apt building he lives in lol.

He is not very smart overall Now that will be an extremely interesting live interview. At first I respected him a lot. When i first joined his FB group I got kicked out because I posted questions about his auto trader. I emailed to him and his PA told me to sign up for a new FB account and she'll be able to add me in and so I did and now again i got kicked out without reasoning and this time I was even insulted. What kind of professional behavior is this? Worse still is the admin rene's reply when I asked about it.

As in all I wanted to know was the rationale of why i got kicked out without being given a reason. I mean I would accept any reasonable explanation but such replies are really screwed up. Below is the message that I sent to rene to ask him to pass it on to Mike.

I received a message just a few hours back that I was kicked out of the group in the most unprofessional and uncivilized way. There were only insults and no explanation of what sort and no chance of further clarification as he blocked me as well. This behavior is very unbecoming of a person especially since I respect him as a professional with many years of Binary Options under his belt.

I'm writing to you not to appeal but rather I would really appreciate it that you could pass this on message to him. It would be good if he could actually drop me a more professional explanation. I was banned earlier from the group without any explanation when Rohan and Aditya were still admins. I emailed him and his admin assistant suggested that I create a second FB account for me to get in. I apologize again for taking up your time and I hope you can pass on this message to him.

One thing that's true is that i WAS a sheep. I followed whatever Mike recommended. Now that I am enlightened, I wish for everyone who is want to join into Mike's FB group or even be affiliated with mike, please think twice and do your own due diligence.

For me professionalism and attitude comes first. I'm not the type that would be insulting people's loved ones but god I hope his kid won't grow up like his dad. Sorry for the rant guys, just had to let out some steam! Signed up for an account to post this but i think i'll stick around awhile.

The poor guy is nucking futs so just stay away from all things mike. Just be glad you are not him and move on to more positive places. Season ending on "The Walking Dead" by the way rocked! Yea what a crazy person. I was clearing through my emails and i saw several FB posts in the group just before he kicked me out. Just so that everyone would be clear the more threads the better - Michael Freeman is not a professional trader.

I must be honest in saying that he scams very well. There is nothing more to him. I doubt it if he can even get an erection let alone be with any woman. Well, maybe only the ones he pays for. Unknown - I know how it feels to be insulted by Mike the scammer, he sent me pretty sick emails when I emailed to tell him that he was a scam. But as Lotzofbotz suggests its best to stay away - not only is he a psychopath, he is NOT a professional trader, I learnt the hard way by joining his auto trader.

He will see his day I doubt he will be around for much longer Those that pop up are quickly discarded. Yea I signed up for his auto trader too previously.

I can post up my total results as well pretty shitty. Happy to join the club man. Wow Botz, you are not going to believe what is happening in Rohan and Aditya's group right now. If we weren't talking about Freeman, I would say it's April Fool's April edited April There's always fools, does not matter what month it is. I am game tell me what happened now? Aditya and Rohan going back to his group After Freeman tore them to pieces and offered to pay his remaining members to report Aditya's group, he proceeded to contact and threaten all of the new group's followers.

Two days later, Aditya and Rohan announce that they are moving back to Freeman's group even after he was caught admitting to having that group just to scam the people in it. My guess is he paid them as I am sure these two had a price. I am pretty sure they will dupe Michael again seems they are just trying to get paid using him now.

Wow hilarious why did you remove the pictures of the conversation though? What will be even funnier is if both Aditya and Rohan learn the fact that Michael no matter how many complaints he files can't get them removed from facebook just because he does not like them lol omg its sooo funny! Removed them because there were a lot of names there. Just out of respect for the innocent, hehe. I can pm them to you if you need em. Haha im actually in Aditya's group and then the day after I got invited in, they announce that they are going back to mike lol I wonder if all the drama is actually preplanned since mike is such a good marketer.

You can't blame them they are likely lacking financially so they need Mike's tit to suck as what you see in their trading is likely demo accounts. In time they will steal his members for their trading room once they make enough connections lol.. Birds of a feather They might have been scared of his threats which are like a 5 year old screaming about running away from home haha. Once they figure they out that he can't get their room banned they will bounce with as many of his members as possible Which is going to drive MIKE insane so what mike will do is look for new traders to replace them but same thing will happen lol When members of his group confronted Aditya about the degree turn two days after carrying the banner of independence and after the battle cry "They can take our land but they'll never take our freedom!

That they were moving back for love of the fallen heroes they had left behind the poor fools still in Mike's group. It's just the blind leading the blind over there They spent two days preaching about how Mike was stealing from his members with proof of his scamming ways that is now all over the internet and then somehow convince their money hungry and slightly desperate members that it's not only ok to go back to being scammed, but that they are going to get paid with the same money Mike stole from these same members.

Song of ice and fire, man Better than a game of thrones episode.