Frequently Updated *Black-List* of Binary Options Scams

Frequently Updated *Black-List* of Binary Options Scams

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There’s no harm done when we (legit binary options traders) expose those who are trying to make the market filthy and unbearable for all.

Newbies in the industry easily give in to these kinds of scams and our aim is to totally eliminate and possibly wipe them out by exposing their dark sides so that every level of trader will have first hand information on how these binary options scams operate.

There are many legitimate binary options brokers out there as well as a hand full of scam brokers and fake signal services.

These fake brokers and signal services are just trying to ruin the good reputation people have about the industry by promising mouth-watering bonuses (for brokers) and unimaginable profits and returns (for signal services) when you join their train.

List of Scam Binary Options Brokers. *(Do Not Register An Account With Any of Them)*


  1. OptionsXO
  2. OptioNow
  3. EZ Binary
  4. XB24
  5. Safe24Options
  6. Royal Binary
  7. TraderXP
  8. EZTrader
  9. Global Option
  10. Banc De Swiss
  11. OptionsXO Amber Options
  12. Vault Options
  13. Option Rally Update: OptionRally Broker Has Changed from Bad to Good In 2 years, Read Full Review Here.
  14. Royal De Bank
  15. Golden Binary
  16. OptionMaker
  17. Tradersking
  18. Sycamore Options
  19. 777Binary
  20. Tiger Options
  21. Binary International
  22. VIPBinary
  23. Option Trader
  24. Cedar Finance
  25. Global Trader 365
  26. Option Area
  27. NY Stock Options
  28. Trader’s Room
  29. BinaryGoal

And List of Fake Signal Providers/Services *(Do Not Subscribe to or Join Any of them)*

  1.  Hercules Profit Pro
  2. Binary Boom
  3. Rock The Stock
  4. Millionaires Blueprint
  5. Aussie Method
  6. The Fisher Method
  7. Cash Code
  8. Society Of Millionaires
  9. Extreme Profits System
  10. Binary Hijack
  11. Simon’s Replicator System
  12. Home Online Earners
  13. My Online Business
  14. Thousand Dollar Days
  15. Push Button Commi$$ions
  16. $100M Club
  17. Chrissy’s Invite
  18. Automated Cash Signals
  19. Insured Profits
  20. Tokyo Bot
  21. Wealthy Trader
  22. Legal Insider Bot
  23. The $100K Club
  24. The 1 Percent Club
  25. The Fisher Method
  26. Rock The Stock
  27. The Private Society
  28. Cash Code
  29. The Apple Stock Robot
  30. My Online Business
  31. China Millionaire
  32. Auto Profit Suite
  33. Daily Binary Profits V7
  34. The Covert Society
  35. Oz Robot
  36. Golden Goose Method
  37. Binary Chaos
  38. Commodity Robot
  39. German Binary Matrix Pro
  40. Millionaires Club
  41. Safe Trader App
  42. Secret Millionaire Society
  43. My Cash Bot
  44. Daily Results
  45. The Binary Redemption
  46. Swiss Binary Robot
  47. Secret Wealth App
  48. 2014 Millionaire Launch
  49. Crisis Killer
  50. Desert Millionaire
  51. Ataraxia 7
  52. 500k Project
  53. Fast Income App
  54. Insiders Club
  55. Daily Binary Profits
  56. Free money System
  57. AutoOptionsBot
  58. AlgoTradingPro
  59. Fast Wealth Club
  60. Al Profit Bot
  61. Guaranteed Profits
  62. The Binary Pilot
  63. Binary Money Maker
  64. Tokyo Bot
  65. Profit Booster App
  66. Magnetic Profits
  67. Secret Millionaire App
  68. Instant Trading Profits
  69. Fast Income Pro
  70. Auto Binary Profits
  71. Instant Profit Method
  72. The Wealthy Trader
  73. Private Wealth Circle
  74. Auto Binary Signals
  75. Undercover Income
  76. TradeSniper
  77. The Binary Insider
  78. 100in60
  79. GetRichInSeconds

Why all these Scams?

As the Binary Options method of trading is still fairly new, it has become a fertile ground for scammers to thrive.

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This is because many people have little or no prior knowledge on how trading binary options works and so easily fall for scam products.

Being more in number than the real brokers and signal services, it is also relatively simple for any newbie to fall for these scams.

Binary Options is gaining popularity day by day and it’s opposition, the Forex market is dwindling as time goes by (See images below).


Binary options popularity scams

So, this is why we can see more scams pop-up every day in binary options niche rather than Forex.

Many traders have unknowingly fallen into the hands of either scam brokers or signal services all in the name of “trading binary options profitably”.

No matter the type of broker, all of them would require you deposit in order to start trading but only legitimate brokers will allow you to withdraw your funds without any stress.

The scam broker does almost everything a legitimate broker would do in order to satisfy their clients except of course, during withdrawal of funds.

You Can Also ReadOption Bot 2.0 Reviews

One sure way to detect binary options scams is to conduct a search online on any search engine with the keywords “Company name + scam” or “Company name + reviews” without quotes.

Read as many reviews and testimonials as possible from various clients expressing their views about the Company on different review sites before buying any binary software or depositing funds into any broker.

Other minor qualities that may help you suspect the Company in question are:


  • Lack of good customer support
  • Low quality website design
  • Suspicious video testimonials
  • Non-secured website (i.e. Absence of SSL certified website)
  • Not Regulated by well-known Organizations
  • Mouth-Watering Bonuses

Domain Related:

  • New Domain Name
  • Alexa Ranking
  • Domain Age

Brief Explanations of the Above Points:

  • Many times, scam brokers and signal services do not offer professional and dedicative customer service as a real one would do. This stands to reason because they are just online to fight and gain your hard-earned cash without giving you anything valuable in return.

However, sometimes, in a few occasions, other scam brokers may be hyperactive in customer related questions and issues and try to solve them so as to get the confidence of the trader which will later result in the trader depositing funds for trading.

Customer service may be through phone calls, live chat or ticket systems.

  • Fake Companies often post fake video tutorials of people talking about how they made thousands of dollars with a particular software. This is very common with most binary options signal service provider scams.


  • Hey! We are dealing with Money here and Clients’ funds should be protected .  Although rare, some wretched scammers may not be able to secure their Company website by purchasing costly SSL certificates for the site.

This means that Clients’ funds and personal information are not secure and therefore cyber criminals can easily have access to them without any restrictions.

To know if a particular site is secure, look in the address bar and make sure the url of the site begins with “https” and not “http” as you would see for  Not only this, sites dealing with money should have an additional green bar in the address field in addition to the “https”.   This ensures maximum security and great user experience.

  • Check if the Broker is regulated by bodies like CySec, CFTC, FSA, ASIC e.t.c. If any binary options broker is not regulated, it is a strong sign that you could be dealing with a fake one.
  • Bonuses are good but to some extent. Usually, these fake brokers use incentives like 200% deposit bonus, 500% bonus and other “too good to be true” bonuses to attract new clients into their platform.  Watch out for these kind of incentives as they look very suspicious.  When you find these kind of bonuses, please conduct further thorough online research about the Company in order to fully verify the legitimacy of the program.
  • Though very rare, some scam companies in the binary options industry may use a very poorly built website to represent their Company. This should make you research further about the program.

Domain related issues are in the minority of cases, therefore you shouldn’t use this to fully judge if a Company is scam or not. I mentioned them to let you know that factors like very low Alexa Rankings, new domain name and age should make you being suspicious of that site.

Best Recommendations:

  • Don’t Deposit more than you can  afford to lose with any broker. Always start with the minimum amount the broker recommends so as not to lose much assuming they were to be scam.
  • Always research online for a particular broker or signal service before joining.
  • Even if your trading is good and you’re making nice profits, always do a test withdrawal before depositing more funds. This is to verify the credibility of the broker.
  • Do not buy any binary options signal software without being confident that the product actually works. Please always visit this page to find the updated list of scam products in the market.
  • If a program looks too good to be true, conduct further research to verify the authenticity of the program.
  • Do not give out your social security number or any other sensitive information like PayPal email and password to unknown persons even if they were requested by the Company itself.
  • Logically, you should run away from sites claiming you could make up to $1 Million per day trading binary options
  • If you’ve been scammed and you have proofs to show that you you didn’t receive the services promised by the vendor, you can file a dispute against them with either PayPal or your Credit Card Company depending on the method of Payment.

If you know of any Binary Options Scam Product, Broker or Software, Kindly let us know about it in the comment section below.






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113 Replies to “Frequently Updated *Black-List* of Binary Options Scams”

  1. On this page you have listed Cedar Finance as scam BUT you have listed Cedar Finance on the Huge List Of All Accredited and Fully Regulated Binary Options Brokers as well.

    So which one is true?

    1. H***o joe,

      Thanks for identifying such an expensive error. That article was last edited by my co-author. All fake brokers have been removed now. You are free to check again and thanks for leaving a feedback 🙂

      1. As a Rookie, could I ask you where I should start learning about Binary Options and the like to make a profit? I see it as making an educated guess according to the patterns seen in the trend lines…

        Much Obliged!

        1. We were once rookies in this field 🙂 . Many brokers offer educational resources for those who don’t know how to trade binary options or for rookies as you said.

          Once you’re registered with BossCapital, you can ask for a free educational resource from your personal account manager and it will be gladly given to you.

          Even without asking, they know it’s their job to grab your hand and show you step by step method of trading binary options successfully. Also, you are free to attend their free weekly/monthly webinars to learn how to maximize your profits with the broker. Hope this helps!

    1. H***o Ailene,

      Thanks for your question.

      As Royal Binary is still a new company, i can’t speak for them now because they haven’t got enough reputation and/or popularity meaning that one can hardly tell their intentions of coming into the market because they don’t have enough clients at the moment who can show their testimonials about Royal-Binary company.

      My advice is, to be on the safer side, you have to avoid such new brands till they attain enough credibility and trust from traders. While this is on ground, i suggest you register and trade with only well-known brokers who can make your trading experience a good one, a broker that won’t hesitate to provide all the support you need with their platform and will readily process your withdrawal when you ask for it. Example of such brokers is or OptionTime both of which are regulated and well known in the binary options industry.

  2. Scam Alert!!
    This email is to inform “traders globally, do not trade with This unregulated broker: will scam you out of your profits, if even you didn’t take a sign up bonus. Most recently, they changed their telephone number, and they are nothing more than a boiler room operation targeting newbies to steal their money. So once again, do not trade with CVC, as they are a big…fraud!

    1. also beware of these CVCOptions scammers that are calling pa**ed client with active accounts stating they need to send the remaining balance to you. They want you to pay a $1500 fee to have them transfer your balance to your bank account. Every time they call me, I request to have the transaction done legally by having they attorney call my attorney to resolve. They will not do things the legal way. They had the nerves to tell me my attorney couldn’t do the legal transaction. At that point, I told them until they have my attorney speak with their attorney to not call me any more. Can you believe this? They are persistent and I will persistent.

  3. It’s good to see someone else in this market keeping track of binary scams. I write long articles every day about each new system and I’m tired of it. At least I know there are other people out there with the same approach as me and that helps.

    1. Both Germanbinaryrobot and are scams. You can as well find them in our list above. There are many of these type of scams out there as they are not limited to those two. Always check the list in this article to make sure you don’t fall for any of them.

  4. Great work you’re doin Val. keep it up! Just came across a sales page for a binary signal app called PROFIT BOOSTER APP. Please what is your take on it? is it genuine or a scam? Your opinion will be much appreciated. thanks.

    1. Personally, I have not tried this Profit booster app but I think it has the same scam technique adopted by the more popular “fashion method” trading system. They said it’s free and easy to setup, promises a specific return on investments and is also linked with Opteck!
      Please i suggest you avoid at all costs or try the app at your own risk!

  5. Tradersking website is a scam they took a lot of money from and now they don’t want to pay me back even after having an insured trade

  6. Please this is the worst scam stole 22,500.00 for software (Binary options 2015 kelly church hill) never got.
    he wont give me my money back. Beware total scam!!!!!!!

    1. Hi, could you please mention the name of the fake binary options service you’re talking about or their website so we can add them to our list and save others from being scammed?

  7. Many of you might have gone bankrupt because of binary trading I also lost a lot of money trading binary option, but thank God for the strategy and system am using now which is fetching me a lot of money and am able to make over 25 people rich, making up to 97%signals daily, while i can also get up to 7-8 wins daily if you want this amazing strategy feel free to contact me on my personal mail::[email protected], remember the best just have to prove him self not say much

  8. Big Option offers payouts as high as 85% per standard trade as well as industry leading 74% on short term options. You can manage positions with trade features such as Sell Early, Double Up and Roll Over.They have a complete trading academy with videos on demand, a special binary video course and a free eBook for download. You can also receive personalized one on one training. The advanced platform has many different trading views and charts to enhance trading experience. BigOption offers an exclusive Auto Trading Robot that produces a win rate of over 80%. Open an account at Big Option and get a bonus of up to 200% or up to 20 Risk Free trades.Binary trading is easy if you know how to read the trends or have a very good strategy,today i thank God that i have been able to get the best strategy and have taught so many individuals who have benefited from my trade.Teaching others to be successful is my joy Still ,i thank you guys for the gifts of appreciation and also am a living testimony i really appreciate it,thanks to all of you who still need my help Contact me on my personal mail;[email protected]

  9. Hi George , I’m sorry to say but what you said about big option it’s not true . The robot doesn’t produce a winning rate of 80% . I got an account with them and the robot lost most of my money.

  10. Wonderful article. Congratulations. the best part of it is what you say about success. It most be focused in “serving people” by solving their needs.. Let me add that there is no other way to success than this one.
    With regards

  11. Need an expert binary trader to trade with or work with ? It not a fluke you must first understand the trends in trading binary perfectly Feel free to contact me i might just be able to share with you my profitable system that has been able to get me accurates trades of 97% signals while i also make wins of 7-8 daily acquiring up to 390$ daily.. My trading records are also there for proofs contact me.

  12. I have being trading with 24Options. I deposited 120,000 USD with them. I also made a lot and then had some losses, but it was easily recovered, when they upgraded me to a better trading group. I now have 460,000 in my account and I continue to trade with them. I would suggest that if you need to be sucessful in trade you can contact me.

  13. I was scammed by “Armchair Millionaire” and its broker,
    “Binary Book”. I deposited my borrowed $300 and waited
    for “autopilot” results. Since nothing was happening, I called
    the broker, “Binary Book”. Gabriel called me back, telling me
    that I need to deposit $50,000 — so that he can help me profit.

    I told him the “promotional video” said the $250 deposit can
    product 2K to 3K per day profit. He said, he can NOT do anythinbg
    about “video promotion”. Since I did NOT have $50,000, I asked
    for my REFUND. I requested MANY times –to both “Armchair
    Millionaire” and “Binary Book” , but NO REPLY. I was totally
    ignored — repeatedly.

    Is there any way YOU can help me get my REFUND? Since this
    $300 was borrowed money, I am in trouble. HELP ME.

    Would YOU recommend legitimate “Trading App” and
    a trustworthy ‘broker’? Since I would like to make
    “supplementary income” (I am a Missionary to many
    nations” and have ONLY about a few hours per week
    to spare. This is the reason I thought “Binary Option
    Trading” would be suitable for my life.

    I appreciate your HELP.

  14. Hi,

    I have a withdrawal request with AA Option that has been pending for almost 3 months. They really don’t look like a scam broker and I haven’t seen a lot of bad reviews, but I have done everything in my power so far to try and get this withdrawal request approved, but without luck. My account is verified and my previous broker even acknowledged that there I should be able to withdraw. Support keeps telling me that they have escalated my request to the accounts department but to this day nobody has phoned me back (even after a was promised to receive a phone call by a broker). Surely, three months for a withdrawal request (and still pending), cannot be normal. Is there anything I can do? Do you know anything of this broker? Are they legitimate and licensed? They say they are, but how can I be sure?

    Best Regards

  15. Hi Val,
    A few months ago (started in January/February) I placed $4,000 into Binary Uno and have received a few losing and winning trades.
    My personal circumstances have now changed and I have requested for the account to be closed and my account balance to be withdrawn.
    The trader has told me that I cannot withdraw any funds because I need to turnover an additional $100,000 before this can be done. Presently I have only turned over $19,000.
    I was not aware of any of this and the original trader (now no longer with the company) even said that money would be able to start being returned to me in a couple of months. The new trader a**igned to me appeared to infer that because bonus money had been given to me, this is the reason I cannot take out my account balance.
    Is there some way that I can withdraw the funds or at least withdraw the funds that I initially placed into the account without doing anymore trading?
    Kind regards

    1. Hi Leonie have you tried telling your broker to take the bonus back , just them you never asked for it and you don’t want it

  16. Hi Unfortunately i signed up to the software ,, 5 minute experiment,, i just want to inform
    everyone it is a complete and utterly scam. I tried to contact them but no response , they just want you to sign up to the broker , after that nothing . Or in my case the auto trader signals 5 trades , BUT the trades expire in 2016 . So my advise ,stay away.

  17. Hi Val. Thank you so much for your guide. Please advise if 555daily legal or a scam. Really appreciate your honest opinion on this.

  18. Hi Val. Thanks for your reply for my queries earlier. Can I get your review on The 50K Mission. Are they legal or scam?
    I am interested to trade with one of these brokers, 24Option, Binary Option Robot or BossCapital. But how about withdrawals? Is there any regulations on withdrawals? And which broker is the best?

    1. Hi Noraidah,

      It’s obviously a scam software. Read the full review and know why they are scam.
      Those brokers you mentioned are among the most credible ones in the industry and will definitely process your withdrawals anytime you ask for them. There’s nothing like the best broker per se as broker selection is also dependent on individual factors. However, 24Options is definitely ranked among the best. You can use binary option robot for trading which will link you with ONLY the legit brokers.

    1. I can’t recommend insiders information because it’s a scam as well. We are different binary watchdog as we test the services we recommend before pushing it out to the public.

  19. My first hand experience with a scam broker, UK Options:
    (1) Pay some signals providers and software vendors a referral fee to prompt people to make deposits with them.
    (2) Once a deposit is made (be careful not to be tricked into making the same deposit twice), they’ll hype up the 20% of your deposit on a daily basis until your account is cleaned out, without any trading record, only straightforward deductions from your account,robot with grossly exaggerated claims of success rates, which in actual fact does nothing more than taking about
    (3) If you stop the bot, some big-shot broker, in my case, the big boss Sean Park himself, will come out to apply high pressure on you to make large deposits, like 20k,50k or 100k, promising you to double it overnight. If you succumb to his high pressure coercion, he will, without you prior knowledge and consent, reset your pa**w*** and take out all the money to trade for you. Next day, no prize for guessing it right, he will tell you that you have lost all you money on a bad trade, again without any evidence or record of the trade made on my behalf.
    (4) If you are sturdy enough to decline his help and insist on making your own trade to recoup your losses, and if you are lucky enough to succeed in getting most of your deposits back, you can’t withdraw your deposit or part thereof, because you have to turn over 40 times the bonus amount in trades before you can withdraw “YOUR OWN MONEY”!
    So there you are. If you don’t believe me, you can try it out with your own hard-earned money. I can a**ure you that you will be lead by the nose to Sean Park and his swineherd, who will s*** you dry!

  20. The latest scam binary signals: Mike’s Auto Trader, which is not automatic in the loosest sense of the w***, and there are no signals AT ALL, only some vague general advice on the commodities you select to trade in. Beside, though it is newly launched, there’s nothing new about it; it has been around for donkey’s years under different names. It is really the handy work of a devious scammer.

    1. I fully agree. I tried the predecessor of Mike’s Auto Trader, namely Michael Freeman’s Binary Options Signals, and lost a fair bit of money, because they were dud signals that didn’t work the way they were cracked up to. Some of my friends have tried his revamped version launched recently, and they told me it was more or less the same piece of junk!

    2. Fully agreed. I have the misfortune of having tried both, and can’t conspicuous difference between the two: Mike’s Auto Trader and Michael Freeman’s Binary Options Signals.

  21. I give you here a revelation of the scoundrel behind the respectable mask of Michael Freeman. (1) He is without a doubt a conman and crook, who flog the same piece of garbage under different names, such as Michael Freeman’s Binary Options Signals, and none of them works. (2) He is a fake watchdog, in which role he attacks gratuitously the products of his rivals, some of which are much better than the scam c*** he is offering. (3) He has several websites using different accounts, in which he conduct conversation with himself, for instance, between the Watchdog and Michael Freeman with the duel purposes of trashing rival products and peddling his own trash. (4) He employs a lot of false witnesses to sing his praise, including you yourself in the video. If you post negative comments about him, he’ll resort to blackmail and criminal intimidation. He has sent two of such emails to me and thereby signed his own death warrant, which I will put to good use in the destruction of this gutter rat. What a devious sick mind! Be warned: keep a clear berth from this despicable swindler and imposter, unless you like to donate money to thieves!

  22. Be aware Sean Park is “brokering” under Vision Binary exactly same site a UK Options. VB is also on Roy Tribble’s scamwatchdog site as one of his trusted sites. Agreed totally with previous comments regarding this low life. Luckily not much was put his way but he doesn’t like to be questioned on his bogus trading and funnily a trade I made and lost miraculously turned into a win the next day. He automatically puts bonus amounts on and will not respond when asked to take them off. These bonus amounts are fictitious breakdowns of monies invested but when totted up add up to the total invested amount.

    1. I have warned people on many review and watchdog sites about this scoundrel Sean Park and his pack of thieves, but some people don’t choose to listen and pay a high price for it!

  23. Hi Val
    I made trade with No1option and I lost $6000 with them and now I could not get my money refund.
    Even when I made the trade was under their instruction but I lost all my money and I did not make any profit
    Now they ask me to deposit $ 1000 more and they will add $5000 bonus to recover my money..
    Please I need your advice.

    1. Don’t deposit any longer. They are scam if that’s what they asked you to do. It’s very typical of scam brokers to ask clients to deposit more funds even after losing following their trade advice.

    1. It’s a new broker and therefore I suggest you avoid it. All new brokers need time to prove their reliability and trust before we can recommend them to users.

  24. Val,

    I have some money in Bigoptions is this a good site? I have lost so much with Banc DeBinary, Big Option and OptionsFM it is crazy. they all go through the same story line with you to get you to put money in, then they win some for you and then they loose it all and ask for more and they do that as many times as they can get you to give all you have.
    I have had no luck at all to get a broker to trade for me. I don’t want to trade i want someone to trade for me like a real broker. Do you know any I can trust and who has actual clients he is making money for and i could speak with>


  25. H***o Val, I want ask you if you know the Dow Jones Focus Group from Equinox (, because i read very possitive comments for this Robot. Is it another scam ? I appreciate very much your opinion!! Thank you.

    1. Hi,

      Yes, we know about the new product. We’re still testing the product now – if it works, we will release a positive review on it but if it doesn’t,’we’ll valforex readers to avoid the software. Thanks.

  26. The methodology of a d**** little scammer, Michael Scumbag Freeman: It is quite simple, really. He’ll hype his junk with grossly exaggerated claims in order to lure you to deposit with one of his recommended brokers, from whom he’ll get a fat commission; afterwards, you’ll all your money trading with his dud signals. This method is used by almost all scammers. However, unlike the others, this one is more cunning and devious. He has set up many websites under different names, such as Watchdog, Reviewer, etc. to talk to himself and sing his own praise; he has even gone so far as changing the contents of unfavorable comments to favorable ones. Just how low can a scoundrel sink? It makes one wonder!

  27. Val
    I would love an answer to my question if you could. I have been researching the web alot and still not sure who to trust.


  28. The methodology of a d**** little scammer, Michael Scumbag Freeman: It is quite simple, really. He’ll hype his junk with grossly exaggerated claims in order to lure you to deposit with one of his recommended brokers, from whom he’ll get a fat commission; afterwards, you’ll all your money trading with his dud signals. This method is used by almost all scammers. However, unlike the others, this one is more cunning and devious. He has set up many websites under different names, such as Watchdog, Reviewer, etc. to talk to himself and sing his own praise; he has even gone so far as changing the contents of unfavorable comments to favorable ones. Just how low can a scoundrel sink? It makes one wonder!

  29. There are so many good signal providers appearing on the horizon lately, together with some very bad scams like Mike’s Auto Trader, which has a miserable success rate of 30-50%; at that rate your account will be cleaned up in no time

  30. The creator of the junk software Mike’s Auto Trader must be desperate by now, finding it harder and harder to find s***ers to take advantage of; in desperation, he has become an affiliate of some binary trading systems, which he previously accused gratuitously as scams: two of these well-received signals providers come instantly to mind, and they are Gold Digger and Virtnext.

  31. Sometimes a new signal provider or robot has caught the binary industry by storm, but, when you scratch deeper, you’ll find the rot inside and discover the scammer behind the mask. Gold Digger is a case in point. Despite all the glowing comments posted by traders, most of whom now I suspect are either false comments or posted by their cronies, employees or affiliates. This is how the scam is perpetrated. Their registration form shows you three simple steps to activate your software license , but I could never got past the third simple step of “funding your account” with one of their recommended brokers (in actual fact there is usually only one broker, take or leave it). My own experience is that after a deposit was made with their recommended broker, I didn’t receive any email from them containing login details to get into their members’ area, as promised. After I made the third deposit with a third broker recommend by them, at last I received the long-awaited email containing the login details. However, when I tried to login with those details, a window pops up, urging me to activate my account by making a deposit with another of their recommend brokers. Now my suspicion grew; why after my account was activated and the login details provided, I was asked to open another account with another broker? Then the penny dropped: what they are doing is to lead you by the nose to open as many accounts as possible with as many brokers as possible, so that they can get as many affiliate commissions as possible! I am even more convinced about their fraudulent tricks, because I have sent over a dozen emails to their many email addresses, seeking an explanation and asking for help, but so far I haven’t heard a single w*** from them. So much for their excellent support team! Further, they have now teamed up with a notorious, shameless scoundrel and fake watchdog, Michael Freeman, using him is an infallible authority to give credibility to their own junk software. As the saying goes, birds of the same feather flock together! So traders beware; don’t be f***ed by the numerous and ubiquitous favorable comments posted all over the internet!

      1. The Gold Digger team was simply naïve and impressionable, thinking they got an honorable binary guru in Michael Freeman, who has turned out to be one of the lowest and most shameless scammers in the industry. From this fake guru and conman, Gold Digger has learnt a bagful of d**** tricks, with which they deceive the public with false promises and grossly exaggerated claims, something their mentor specialized in!

    1. H***o i am intrested in learning how to trade. I am a total newbie and curious about how to get started. I stumbled across a site called and i am interested in taking his courses. I would like to know what you think of is it legit or just another scam?

  32. An update on fake signals provider Gold Digger. After a lot of ha**les and ado, I eventually got access to the promised land of their Members Area, and, to my disappointment, I found their signals the worst of all trading signals I have ever tested. I had only three successful trades out of well over a dozen trades! The results match those of Mike’s Auto Trader; the two could be in a photo finish for the worst signals providers’ race. As I mentioned before,these two scammers seemed to have formed a partnership in crime: Gold Digger used Michael Freeman’s fake recommendation as a seal of approval from the most revered watchdog, who happens to be one of the lowest crook and fraud, and the latter blatantly displays Gold Digger’s membership subscription link in his reviews, with a view to get some affiliate commissions. Somehow, now I no longer think it is simply an marriage of convenience, but, rather, a preconceived plot to deceive and rob the vulnerable, credulous and naïve. Let’s go back to the beginning of this alliance of scoundrels. Shortly after Gold Digger was launched, the Watchdog gratuitously accused it as a scam, and a comment complained that the dog should not have made such a judgment without having tested it first; then the dog apologized and promised to test it to get a clearer picture. Such fictional dialogues seem to be one of the d**** tricks frequently used by Michael Freeman, alias the Watchdog . Soon afterwards, the dog set up a website specifically about Gold Digger: “Gold Digger is a scam: unless proven otherwise”, in which all you can find is a chorus of praise without a single negative comment; this in itself bears the hallmark of Michael Freeman: the elimination of any slightly negative comment. To all likelihood, this is a carefully and elaborately plot developed by two crooks to seduce the public to make deposits with their recommended brokers, some of whom are blacklisted in many review sites, in order to get commissions from them. No wonder even their brokers warned that Gold Digger won’t work. In hindsight there is certainly an element of truth in it. I decided to post this revelation for the benefit of traders in general, so they don’t have to waste their hard-earned money to uncover this fraud for themselves.

  33. The latest update on the scam activities perpetrated by Michael Freeman: He has recently released a number of new videos on YouTube, with the same old chorus of praises posted by the same old motley mob of paid lackeys, affiliates and mostly his own aliases. It is the same snake oil packaged in different gaudy bottles. Anyone, except the purblind halfwits, can see through the fraud at a glance. Just ask him a simple question: If his fake signals are doing so well, making all his followers hundreds of thousands of dollars a week, why did he bother to peddle other scammers’ scams, notably Gold Digger, which has a success rate of less than 20%, as I have paid to find out for myself? It makes one wonder. This conman and fraudster will stop at nothing to steal money from honest, hard-working and trusting people.

  34. Please tell me something about Binary trading Experts. Are they real, are they trusted?
    They have no reviews or proven record. Are they scammers or real?
    I deposited £500 with them and they traded my account to over 21800. Dollars. But when it came to withdrawing they started playing the usual scamming tricks, not picking up calls or not returning my calls.

  35. Hey there!

    What do you think of Nuvo Finance Software?

    And also John Kane from binary today and his suggested binary 5 autotrader?

  36. yes that is avery long list of scammers,,,,,I would like to addf another one of these blood s***ers to your list and that is Binary trading experts,,,,I was originally contacted by a John Watson,,,he lives in Mason Ohio I believe,,,I was told to deposit into 3 brokers the sum of USD$250 each,,,they then traded me up to USD$3333.00,,,when I made a withdrawal of USD$1000 everything changed and I haven’t been able to make contact since from 3 weeks ago,,,,,so I have obviously been scammed,,,,,any suggestions as to how to get my money back??????,,,

    Best regards,,,,Alex Patrick,,,

  37. I have been scammed and scammed and scammed again. I invested with four binary companies and lost all of my investments totalling 290,000GBP. Then I was contacted by someone offering help – a company who specializes in binary recovery. I was scammed by them again. By the end of it all I had lost all of my savings and I was in serious debt. I was desperate for help and that made me vulnerable to recovery scams. My husband is not around anymore and I have an 8 year old son with learning difficulties. The pressure of being a single, working mother with a child who needs so much additional attention and support became overwhelming for me. I also felt too traumatized to trust anyone else and I was very afraid. I really hope that others do not have to go through what I did, and I wish that I had realized before things were so bad that I was being scammed.

  38. They kept on calling me asking me to invest, after a while of thinking I came to a conclusion that I was going tomato honest Money by Binary option so I invested with Binary Uno, I made nice profits as promised, then the time for the Free Bonus Bet came and I also made profits on, Then they started telling me of how I need to increase my investment to X30 including my profit, well I fell for that not until I needed some money and felt the fastest and easiest way to get it is by withdrawing from my trading account, from this moment they started coming up with flimsy excuses. It took me 4-6months to finally accept that it was a scam, my bank said chargeback won’t get anything back so I had just lost most of my retirement to these s***ers, after a while of researching online and always commenting on things like I am saying now, I saw someone recommend Calgary security . Org I was desperate and depressed so I gave it a try, here I am today happy with most of my money invested back to me. Im not greedy, I don’t need all back, I just feel waaayy better even if I got about 70% back. Don’t go near Binary Uno, they will not only scam you but also make you suicidal if you’re not strong.

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