Binary Option Scams

Are Binary Options a Scam?

No, definitely not. Binary options can be a legitimate way to invest in financial markets.

However, it all comes down to the broker you are trusting with your money. Along with good pricing and execution, trust is the most important aspect of the relationship you will have with your broker.

Here at BinaryScore we complete comprehensive reviews and investigations of all binary options brokers in the market. Click here for our top broker list.

Report a Binary Options Scam

If you have been the victim of a binary options scam, please report to us via the button below.

Our aim is to warn others and all information received is strictly confidential.

REPORT A SCAM

Common Scam Tactics

Binary Option Robots, Secret Systems and “Methods” (e.g. The Aussie Method, The Oxford Method)

These are a relatively new phenomenon in the binary options market. We are still putting together some detailed posts on this topic but our advice is to AVOID ALL OF THEM as 95%+ are scams designed to steal your money.

Either the software they give you will DELIBERATELY LOSE MONEY after a certain period of time or the scammers will have partnered with or created a FAKE BROKER where it is impossible to withdraw your money and they will stop answering your calls.

Binary Option ScamsThe Aussie Method Scam 2017

Who Are The Regulators?

Binary option brokers are supervised and regulated by the likes of ASIC (Australia), the FCA (UK) and the  SEC & CFTC (USA). These are the most reputable regulatory bodies with the highest standards. Other (less-reputable) regulators include the MFSA in Malta, CySEC located in Cyprus, the FSB in South Africa, and NBS, CNB in the EU.

ASIC (Aus), FCA (UK) and SEC / CFTC (USA) are the most respected regulators

There are and endless list of Binary options brokers for a trader to choose from, but only a select few are trustworthy.

Anonymous Traders Binary Options ScamAnonymous Traders SCAM in 2016

How We Review Broker Credibility?

Segregates client funds so that those funds cannot be used by the brokerage
Has insurance policies to protect traders against business failure
Broker has their own money in the bank or a high amount of net tangible assets
Staff are certified and trained to provide general, informed advice
Directors and Key Persons have years of experience in the industry

2017 Binary Option Scams

Unfortunately, as there is so much money in Binary Options trading it has attracted all types of scammers and schemes designed to STEAL and ROB you of your capital. There is also strong evidence of involvement by international crime syndicates. Binary Options reached new levels of popularity in 2016 and this looks to continue into 2017.

2018 Binary Option Scams

2018 was a major year of change for the binary options industry. We saw major crackdowns from governments, regulators and payment providers. The most major piece of news being the ESMA ban on binary options in the UK and EU.

While we disagree bans being placed on binary options trading, we welcome the shakeout of the criminal elements in the industry.

2019 Binary Option Scams

We predict 2019 will be a year of consolidation in the industry. Many of the scam binary option brokers are our of business and the dishonest ones will be squeezed out. Some EU and UK based brokers will no longer be able to offer their services and will evolve. While new, serious and legitimate players will take their place.

Read ALL Our Broker Reviews

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