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The Great Binary Options Scam

the great binary option scam has been around since 2007 and over the course of the years it has grown exponentially over the years. Millions running into hundreds of dollars has been lost to this market and more over the years will still be lost if people dont take the recovery option

is iq options a scam?

Yes, it is a scam, unfortunately. While you train on Demo Account, everything is fine. You win, you lose and you can see and analyze why you won or lost. However as soon as you put real money on your real account, great scam begins. So you see one type of graph or candle and you make predictions based on the type of candle on how the chart/price line will move and decide either to buy or sell option. The moment you do this, candles change. And I don’t mean the price line or new candle but candles that were before, those that were supposed to be already FIXATED. And a chart changes into completely different type of candle and you lose. So they don’t change prices but they changes candles, charts the moment after you make a move. And when you turn to customer support they make a fool out of you by pretending they don’t know what you are talking about. However, when you go to chart room or read reviews, you see that many people face this problem. And I don’t mean that I was betting like crazy or making stupid risks – I studied all types of candles and invested small amount of money and analyzed the chart movements. I was aware that losses are inevitable, and That’s fine. But when you lose not because price changes but because they change fixated candles and turn stock market into casino… That’s a scam and a FRAUD.

Binary Options: Scam or Trading Methodology - Stocks ...
http://how to recover binary option loses

The great binary options scam

Much of the binary options market operates through Internet-based trading platforms that are not necessarily complying with applicable U.S. regulatory requirements and may be engaging in illegal activity. 

investors should be aware of fraudulent promotion schemes involving binary options and binary options trading platforms.

Binary Options Scam Spreads Into Crypto World

Investor Complaints Relating To Fraudulent Binary Options Trading Platforms

The SEC has received numerous complaints of fraud associated with websites that offer an opportunity to buy or trade binary options through Internet-based trading platforms.  The complaints fall into at least three categories:

  1. Refusal to credit customer accounts or reimburse funds to customers

These complaints typically involve customers who have deposited money into their binary options trading account and who are then encouraged by “brokers” over the telephone to deposit additional funds into the customer account.  When customers later attempt to withdraw their original deposit or the return they have been promised, the trading platforms allegedly cancel customers’ withdrawal requests, refuse to credit their accounts, or ignore their telephone calls and emails.

  1. Identity theft

These complaints allege that certain Internet-based binary options trading platforms may be collecting customer information (including copies of customers’ credit cards, passports, and driver’s licenses) for unspecified uses.  Do not provide personal data.

  1. Manipulation of software to generate losing trades

These complaints allege that the Internet-based binary options trading platforms manipulate the trading software to distort binary options prices and payouts.  For example, when a customer’s trade is “winning,” the countdown to expiration is extended arbitrarily until the trade becomes a loss.

Beware of Overstated Investment Returns for Binary Options

Additionally, some binary options Internet-based trading platforms may overstate the average return on investment by advertising a higher average return on investment than a customer should expect, given the payout structure.

For example, a customer may be asked to pay $50 for a binary option contract that promises a 50% return if the stock price of XYZ company is above $5 per share when the option expires.  Assuming a 50/50 chance of winning, the payout structure has been designed in such a way that the expected return on investment is actually negative, resulting in a net loss to the customer.  This is because the consequence if the option expires out of the money (approximately a 100% loss) significantly outweighs the payout if the option expires in the money (approximately a 50% gain).  In this example, an investor could expect — on average — to lose money.

Always Check the Background of a Firm or Financial Professional

Before investing, check out the background, including registration or license status, of any firm or financial professional you are considering dealing with through the SEC’s Investment Adviser Public Disclosure (IAPD) database, available on Investor.gov, and the National Futures Association Background Affiliation Status Information Center’s BASIC Search.  If you cannot verify that they are registered, don’t trade with them, don’t give them any money, and don’t share your personal information with them.

Fraudulent binary options website operators go to great lengths to recruit investors. They advertise their platforms—often on social networking sites, various trading websites, message boards, and spam e-mail—with big promises of easy money, low risk, and superior customer service. Potential investors are also cold-called from boiler room operations, where high-pressure salespeople use banks of phones to make as many calls as possible to offer “once-in-a-lifetime” opportunities.

What’s being done to combat binary options fraud? The FBI currently has a number of ongoing binary options fraud cases, working with partners like claimpayback and the Securities and Exchange Commission (SEC) to help victims of fraud recoup their losses and investment. And this past January, the Bureau organized the 2017 Binary Options Fraud Summit held at Europol in The Hague, bringing together law enforcement and regulators from throughout North America and Europe to discuss the growing binary options fraud problem.

Special Agent Milan Kosanovich, who works out of our Criminal Investigative Division’s Complex Financial Crimes Unit, was one of the FBI’s representatives at this gathering. “The summit,” he said, “gave all of us the chance to sit down and talk about what we’ve discovered through our respective binary options fraud investigations, where the challenges are, and how we can all work together.”  

One of the biggest challenges law enforcement faces, according to Kosanovich, is the fact that the scammers are sophisticated and have operations spanning multiple countries. “So the key to addressing this type of fraud,” he continued, “is national and international coordination between regulatory agencies, law enforcement, and the financial industry.”    

Another important factor, said Kosanovich, is investor awareness and education. “Investors need to be aware of the significant potential for fraud on binary options websites, and they need to make sure they do their due diligence before ever placing that first trade or bet.”

What Can You Do to Avoid Being Victimized

  • Make sure that the binary options trading platform you’re interested in has registered its offer and sale of its products with the SEC. (Registration provides investors with key information about the terms of the products being offered). To do this, you can use the Security Exchange Commission’s (SEC) EDGAR Company Filing website.
  • Check to see if the trading platform itself is registered as an exchange at the SEC’s Exchanges website.
  • Ensure that the trading platform is a designated contract market by checking the Commodity Futures Trading Commission’s (CTFC) Designated Contract Markets website. Thousands of entities promote binary options trading in the U.S., but only two are currently authorized to do so by the CFTC.
  • Check out the registration status and background of any firm or financial professional you are considering dealing with. You can do this through the Financial Industry Regulatory Agency’s BrokerCheck website and the National Futures Association Background Affiliation Status Information Center.

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  • Take a look at the CFTC’s RED List, which contains the names of unregistered foreign entities that CFTC has reason to believe are soliciting and accepting funds from U.S. residents at a retail level for, among other things, binary options.
  • Finally, don’t invest in something you don’t understand. If you can’t explain the investment opportunity in a few words and in an understandable way, you may need to reconsider the potential investment.


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    July 2, 2023 - 6:07 pm

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    May 27, 2023 - 2:21 am

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    May 3, 2023 - 2:16 pm

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    May 2, 2023 - 5:48 pm

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    April 30, 2023 - 10:05 pm

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    April 25, 2023 - 3:28 pm

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    April 1, 2023 - 2:21 pm

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    March 31, 2023 - 2:37 pm

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    March 6, 2023 - 1:06 pm

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    February 15, 2023 - 5:30 am

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    February 5, 2023 - 2:59 pm

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    December 30, 2022 - 10:50 pm

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    December 15, 2022 - 4:07 pm

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    December 12, 2022 - 6:08 am

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    October 24, 2022 - 9:38 am

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  • John R Stgeorge

    October 22, 2022 - 1:50 am

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    August 12, 2022 - 10:45 pm

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  • michael

    July 8, 2022 - 7:48 am

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  • Annabelle Mewton-Wood

    June 28, 2022 - 10:45 pm

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  • Larry C. Hart

    June 9, 2022 - 3:29 pm

    Being a scam victim can be depressing. you were given empty promises. they usually stop replying after achieving their aim which hurts even more. i have been there too as i was too ambitious and wanted financial security which made me invest a huge chunk of my life’s savings. i never thought i would be getting back and already lost hope until i found a team and contacted them which was a leap of faith as i wasn’t going to go down without a fight . claimpayback , a recovery firm that helped me get a significant sum of investment back. Do not broad alone, make a move too, send them a mail via – support@claimpayback.com

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    April 29, 2022 - 6:28 pm

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    April 28, 2022 - 7:43 pm

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    April 28, 2022 - 3:51 pm

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  • Patricia Thomas

    April 17, 2022 - 3:31 am

    To whom it may concern This is my experience with the fake binary options broker, I traded with 365-fx binary options. I wanted to earn some money to pay for some bills so I invested $56,000, these brokers said I will be able to withdraw about $85,270 to $98,000. The brokers calls me everyday to deposit to invest and make good profits, I told them all my funds are in the trading account and I can’t deposit more money anymore. They became so rude and stopped calling and also stopped responding to my messages and finally blocked my account. I wanted to withdraw my money and I couldn’t, they denied me my access to withdraw my money, Months went by and I still couldn’t withdraw my money. I was advised to seek a recovery company, Fortunately I found on the claimpayback website a funds recovery expert Kravitz Hein who I reached out to and explained my issue to him, he was able to get my funds back including my bonus, i am happy to share my experience with you, I advise everyone out there to be very careful with the brokers they invest their money with there have been a lot of unregulated brokers, it took 7 working days to get my funds back. I feel obligated to recommend him with funds recovery strategy, feel free to reach out to him via his email address: support@claimpayback.com,if you are having issues withdrawing your money he will assist you on how to file a chargeback claim on your investment back.

  • paul

    April 7, 2022 - 11:49 pm

    you can recover back your lost bitcoins by a very trusted team, i had the same issue some while back,. it was hard getting their contact, he is specifically a blockchain expert. his contact email is support@thehackerspro.com . also you can open a case directly with him on Telegram @h4ckerspro


    April 5, 2022 - 11:23 pm

    Please beware there are many fake bitcoin mining/clouding out there, I have been a victim once but now a certified blockchain consultant and I know better. The whole plan was so smooth I could not doubt it. Bitcoin is actually a great investment option but one thing I discovered over time is that it is not possible to mine bitcoin so don’t be deceived. I invested $525,000 USDT on a particular website called eurekaminingblock, I monitored the profit yielding but was told to open a new blockchain account to receive my payout. A public wallet was imported into the account and I was made to believe that was my profit. The bitcoin was labelled non spendable and it took me 2 years to be able to access it without the knowledge of the company. The non spendable bitcoin is the scam out there now and a lot of people are falling victim of it. I found CM (a recovery expert and trader) on Quora with expertise in smart contract and programming who helped me access a significant part of my investment after doing a triangulation from the scammers wallet adresss together with the profit without the knowledge of the company. You can reach him through his email : support@claimpayback.com

  • Frederike Terhaar

    January 29, 2022 - 11:51 pm

    Being a scam victim can be depressing. you were given empty promises. they usually stop replying after achieving their aim which hurts even more. i have been there too as i was too ambitious and wanted financial security which made me invest a huge chunk of my life’s savings. i never thought i would be getting back and already lost hope until i found a team and contacted them which was a leap of faith as i wasn’t going to go down without a fight thehackerspro.com , an american recovery firm that helped me get a significant sum of investment back. do not broad alone, make a move too, send them a mail via (support@thehackerspro.com)

  • Jane

    January 10, 2022 - 2:40 pm

    They are thieves, beware of Robinson Jose, he calls himself an account manager, but he is just a thief, this company stole the sum of $78,980.00 from me. I was contacted by Kayafx.com company, And was convinced into putting my hard earn capital to this fake scam investing broker. I made an initial huge deposit of $45,000 as a startup capital, after reading good reviews about them on the internet and when it got to the point of requesting withdrawal, My initial startup capital including the payout bonus is total sum of $150,769.00 i deposited the total of $78,980 it pulled an exit. I decided to withdraw and close my account and they disappeared, nobody replied any message from then on. I’ve tried to reach them by email and chat and they just close the chats and never reply to emails. It’s been more than a months since I asked for my money back and I’m still waiting. Please get away from these scammers!! I have been chasing Kayafx trade for over 7 months now but I have not got my money back. It is all a scam.. these are all virtual identities, you can trace them and will disappear the moment you want your money back. I was really devastated until I came across a blog on the article that suggested fighting crypto,forex and bitcoin scammers, investigators and recovery agent that specializes on recovering of any crypto,forex and bitcoin trade online stolen assets either by accepting bonus. I was able to reach out to the recovery experts with his private email address, support@claimpayback.coml.com and to my greatest surprise. He was able to trace and investigate my issue and was able to help me claim my money including my bonus and all was refunded back to me. I am so happy to share my terrible experience after getting my money back successfully and also to recommend Mr kravitz hein for his effective strategies to recover stolen online assets. I am so happy to get back my funds back from this heartless scam broker.

  • Joey

    January 8, 2022 - 11:26 pm

    I was so ripped off on binary options while trying to get my life savings multiplied. I was confused on what I could do to get my money back because I already read online that going to a lawyer or any chargeback company wouldn’t help. After so many research and help requests from friends, I later after a while luckily bumped into a website on reddit “claimpayback.com” in the process of my online research, I went through the website and saw they help recover funds from binary options scam, cryptocurrency scam, etc. I took the risk and contacted the website’s admin, I explained the whole situation to him, how the investment went and the binary options brokers I dealt with. He assured me that I would get my money back but it would take just little time. He requested for all the details about the brokers that scammed me and also about the amount I invested, I provided all and kept hoping on God. Luckily for me after some time, he was able to recover nearly 85% of my lost funds into my local bank account I provided to him, I was highly amazed because I felt all was lost already. I advise you visit the website “claimpayback.com” now also if you need to recover your funds from any scam broker  

  • tom tylor

    December 30, 2021 - 6:56 pm

    I made several successful investments with this broker before losing 40% of my savings to the trading scam. It cost me so much money and pain to invest in an investment that was not even real. I was able to recover the majority of the funds, and we are still attempting to recover the rest. I highly recommend claimpayback.com for anyone involved in an online trading scam
    Trading scam$350,000 recovered Following several good investments with a Crypto trading broker company, I ended up My savings funds stolen by a fraudster.losing 70% of my savings funds to an online trading scam I felt so foolish I trusted the wrong broker. The help arrived in the form of a professional legal team. I was told that I have a good case and a very high chance of getting my money back, so I decided to pursue it and not give up. In a week, they successfully recovered my money. I appreciate what they did for me! if you have similar problems you can contact them via their emaill address: support@thehackerspro.com

  • Karl

    December 15, 2021 - 6:21 pm

    Thanks for sharing your thoughts about website. Regards

  • Ashley Philip

    December 11, 2021 - 1:49 am

    The problem with binary options crypto currency forex trade is not that it is a scam in itself. However, when someone who is not knowledgeable tries to trade binary options crypto currency forex trade, he/she will definitely lose money. The problem is that people are very anxious to make money and they don’t take the time to learn the strategy analysis & the accurate time to trade,Need help on how to trade and to get your lost money back from greedy brokers I can show you the easiest way to get your money back and if you are founding it difficult to withdraw I can show you the method i use in withdrawing and for those that lost big money in trading feel free to mail on support@thehackerspro.com for more info and special guidelines

  • Robert lee hayes

    December 6, 2021 - 11:23 pm

    Times have changed. Technology is evolving everyday. There are new innovations that do not only trace bitcoin addresses but find out what platform or exchange they belong to. Anyone would agree that this is a big step in recovering coins. I lost over $60000 to Binary Options Trading but thanks to a private hacker and his team for their professional and Ethical service rendered in recovering all of my money from this scam binary options company. You can mail them if you need to recover your money back also. Information is Key.

  • Jan Dietch

    November 11, 2021 - 4:59 am

    I was scammed by a binary option website IQ options to be exact. I lost about $375,000 to them. It was a really hard time for me because that was all i had and they tricked me into investing the money with a guarantee that i will make profit from the investment.. I was referred to vladimir kolarov of thehackerspro, he’s  a senior recovery specialist and he helped in recovering all my lost funds to me. I couldn’t believe at first that this was possible as i have lost all hope in contacting anyone on the internet, but i guess not everyone is bad after all. You can reach them on their platform

  • Kelle

    October 13, 2021 - 8:18 pm

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  • Elizabeth

    October 6, 2021 - 6:50 pm

    I am grateful to Expressline Recovery company they helped me recovery my stolen funds by online scammers within 72hours send a mail to support@claimpayback.com if you’ve been scammed

  • Joseph Esther

    October 5, 2021 - 7:46 pm

    I have lost funds to different binary options brokers and this took a negative toll on my mental health. I hired lawyers and private investigators to look into it but nothing worked to recover my funds, I just simply wasted more money. I lost over 410,000 Euro. vladimir kolarov and the hackerspro helped me trace the funds and recovered 100% of the investments with the profits. Never again am I opting for binary options trading. Most of them are scams. If you are looking for some awesome, knowledgeable people to work with, these are the guys I highly recommend. Their friendliness and result-driven approach are what I love about them.

  • George Francis

    September 27, 2021 - 1:34 am

    I initially invested a total of $2,050,000 over a period of 5 weeks with my broker. My bonus/profit was $8,300,000, every attempt to make withdrawal failed and I was instructed to make another deposit of $360,000 before I can make withdrawals which I did. Up till now, I’m still unable to make withdrawals and all attempt to contact broker has failed. This is very pathetic and I felt so bad losing my investment. I did a due diligence test before investing with them but guess what I ended up getting burned. This is to create awareness, not everybody can be as lucky as I was. I’m saying this because I was able to recover my funds. Thanks to a recovery specialist, they are private investigator and wealth recovery experts…Contact them via mail for more inquiries support@claimpayback.com, OR WhatsApp chat 👇👇👇
    Thought someone might find this information useful

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    September 23, 2021 - 10:02 pm

    It actually hurts and bring tears to my eyes when I read comments of scammed victims ripped off by BINARY OPTIONS AND FAKE HACKERS. I know actually how it feels and hurts to lose money you have worked half of your life to invest with the thought of getting return when you are retired. I was a victim of such and I was scammed by a binary option platform I lost about $135,000 to them. It was a really hard time for me because that was all I have .. I was referred to Mr kravitz wells of dxiiv recovery who’s an expert in making recovery of lost funds then I gave him a try and he successfully helped me in recovering all that I’ve lost From the platform, i was in shock because I couldn’t believe this was possible because I lost all hope in contacting anyone on the internet,So I’m taking a step forward to render solution to those affected and help them get back every penny they lost.
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