Binary options scams list. Check which brokers are fake.

Best Binary Options Brokers 2020:
  • Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo

    Good Choice For Experienced Traders!

Binary Option Scam list

  • Official Website: Click to go website
  • Out of Business:
  • Avoid paying the origin clients fund:
  • Avoid supporting well and transparent for traders:
  • Avoid paying the profit of traders and removes them:
  • Scam Level: %

Binary Options scam brokers

In the recent situation, there are scam brokers on Binary Option market that have different problems and can cause a lot of problems for this part of the site you can access a complete and comprehensive list of this type of brokers to have an appropriate decision for choosing a proper Binary Option broker and avoiding Binary Option scammers.

The key point to regard for success on Binary Option market

One of the key points of success on Binary Options market is working with a good and honest broker. Binary Option market is also like Forex and has its own complexities and is necessary for each trader to choose an appropriate option and not to involve him/herself in troubles related to working with Binary Options scam brokers and finally to concentrate on his/her trades and analyses.

The brokers introduced as scam brokers, are suspicious and have a large number of listed problems and belong to these two categories:

  1. Brokers which have been officially known as a scam already.
  2. Brokers which Pipsafe itself has announced as being scams and problematic due to the activity and corporation.

An important warning about Binary Options scam brokers

We as a Binary Options cashback server recommend that traders should 100% avoid trading in mentioned brokers to save their time and capital. In the recent situation, finding and working with an honest Binary Option broker which provides clear and proper services is harder than Forex brokers, because the total number of these brokers (the total number of Binary Options brokers) are less and the fraud can be seen more.

The problems that Binary Options scam brokers can cause for traders

  • Not paying customers’ capital
  • Lack of clear, fast and proper support for traders
  • Not paying traders’ profits and removing them
  • Artificial and simulated prices, targeted at customers loss

Our criteria for choosing a reliable broker on Binary Options market

  • Making withdrawals fast and orderly
  • Paying gained profits to the traders’ accounts and honesty and promptitude in payments
  • Promptitude in responding to the users’ problems and having online support
  • Transparency and not changing the prices in the direction of customers’ loss
  • Having a valid license from the valid regulatory agencies (having a valid regulation)

The reliable Binary Options broker (choosing a good Binary Options broker)

If you are looking for a reliable broker for your Binary Options trades that have had proper services in its history, you can see our list of reliable brokers in the part of Binary Options broker and use them for starting your trades on Binary Options market. You can also receive an amount of commission per each trade you do, weekly or monthly.

We due to having an agency on the side of these companies and also having a consistent close relationship, evaluate their service quality and rank them in order to have a valid list of traders on Binary Options and Forex.

What is Rebate?

When You as a Forex Trader ,Open An Forex Account Via Cashbackforex Website like pipsafe, The Forex brokerage pays pipsafe some part of spread for any trade you make as reward for referring a Forex customer to them, than pipsafe share the most of this revenue with you.

Best Binary Options Brokers 2020:
  • Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo

    Good Choice For Experienced Traders!

Pipsafe Score

We are based on various factors grading the Brokers credit such as votes of public and votes of our experts. Also we check many things such as the establishment and background of Brokers and Types of regulations they hold. Grading the quality of the Brokers, we will consider some facts like, quality of service, parameter of the quality of a Brokers, her/his kindness to the customer and give score to the Brokers between 0 and 100 which will be given by our company called Pipsafe score. Select the Brokers with high scores greatly respected by our customers choice and we are confident that we will always try to update those Brokers.

Binary Options Brokers

If you ended up on this page, most probably you are looking for a decent binary options broker. There are quite many brokers out here, and more are appearing every day. The reason for this is very simple. A few years ago the technology got so advanced that it became very easy and cheap to open up your own broker of binary options. This is why so many of them are of a low quality. Browse the table below to see the top rated binary options brokers and stay cautious about the scams.


Broker Rating License Platform US Bonus Start now
CySEC Custom N/A Sign Up
CySEC TradoLogic N/A Review
N/A SpotOption N/A Review
CRFIN SpotOption N/A% Review
CySEC KeyOption N/A Review
CySEC KeyStone 50% Review
N/A SpotOption 100% Review
N/A Custom N/A Review
N/A SpotOption N/A Review
N/A Custom N/A Review
N/A Panda TS N/A Review

Know a broker that should be here? Let us know.

Choosing one of the binary option brokers

Even though it might seem like an easy task, choosing your broker for binary options trading is not as easy as it seems. Below we will provide you with a quick guide that will help you selecting a broker you can trust and will give you a good overview on how to avoid being scammed.

Regulation makes the difference

A regulated binary broker can be a scam. Yes, that’s true. But the chances of getting into a fraud with an unregulated broker are much higher. This is why you should always go for a regulated broker if one is available in your region. However, some countries’ residents simply cannot be served by an EU-regulated brokerage due to the compliance reasons. If you are one of such nationals, then the best bet would be to go for an unregulated brand of a binary broker that is regulated in EU.

Even though you will not be served by a company that reports to a legitimate financial authority, the broker would still be more cautious towards its reputation and this is why it will do its best to deliver you the best possible trading experience.

A few more words have to be said about the offshore binary options brokers. These entities claim to be regulated, and in fact, they are regulated. However, such countries as Belize, Seychelles, Marshall Islands and so on, are doing very little to ensure that the companies they regulate are actually serving the clients in the best possible way. Apart from that, imagine that a Belize-regulated binary broker refuses your withdrawal. What will you do? Travel to Belize to submit a complaint? The chances of pursuing legal actions against the brokers that are located on the offshore territories are very small. This is why you should treat any broker with an offshore regulation as an unregulated entity.

Binary options software

Many people mistakenly refer to binary options brokers as binary options platforms. This is not a correct statement. A broker is a company that is doing the marketing, support and other operational and business development activities. A binary options platform is just a piece of software that lets the brokers offer trading to its clients. Here we have a great section about binary options platforms, browse through it to get a good overview of the binary options trading software that is available on the market and check various brokers that offer this type of the software.

In general, there are quite a few software providers. There is no substantial difference between the software suppliers, especially considering that the binary options trading is so simple that it is just nearly impossible for the software providers to differentiate themselves from the rest. Having said that, there are still some brokers that go for the custom-made platforms, and this is where the difference takes place. You may imagine that a software company with years of experience and a dozen of full-time developers can design a great piece of software. However, a broker would have less experience in the software development and will not be able to afford the same amount of staff. Hence, in many cases, the platforms developed by the brokers themselves tend to have a much lower quality. This is why you should stay away from such brokers as EZTrader, as they just offer very poor trading software.

Considering the fact that your platform will contribute majorly to your trading experience, it makes perfect sense to choose the trading software you enjoy using. Still, most of the binary software is not suitable for chart analysis, you will be much better off using various free web charting tools and simply hitting buy or sell on your binary platform.

Binary Bonuses and Promotions

In the past, many binary options brokers were offering various trading benefits to their clients. This helped greatly to attract new traders and keep the existing ones. Here we list various possible binary options bonuses, but you should understand one important thing. As of December 2020, CySEC (which is a regulator that holds most of the binary brokers under its umbrella) has requested all of the binary brokers to stop offering various trading promotions. Hence, today one is unlikely to choose a broker that offers deposit or no deposit binary options bonuses.

You can only get a bonus from an unregulated broker, and as already mentioned, this is not something we can recommend.

How to submit a complaint about a binary brokerage?

Here at Binary Options Hub we respect our site visitors and we take care of what you have to say. Do you have any negative experience with a binary options broker that is listed with us as a scam? Contact us and lets us know why you were unhappy. We are certainly eager to add an additional reason why one of the scams cannot be trusted.

Are you having a trouble with one of the brokers that is recommended by us? Reach out to us and we will certainly do our best to help you resolving your issue with a broker. We do not recommend the brokers with whom we don’t have any relationship, so we will be able to reach their staff and deal with your case in a professional manner, especially if you opened your account via Binary Options Hub.

Do you have positive or negative comments about a broker that is not listed in a table above? Let us know too, we are always eager to write more reviews of the binary options brokers.

Binary options scams list. Check which brokers are fake.

What is Binary Option and how to trade them?

Find out who are Binary Options Scams, how they work and how to avoid falling into a trap?

While the main aim of scammers is to get clients funds or personal details, everyone likely to fall under unlikely actions of scams, that is why you should know how to protect yourself and spot fake offering.

Introduction into Binary Trading

Binary Options is a financial instrument in which trading is performed by a fixed amount of cash and time. Options trading allows investors to buy a stock or other investment, or bet set to an underlying asset above a certain price with a particular expiry date. The potential loss or gain is limited to the difference between the market price and the option price itself. In binary option case the set amount of time is much shorter and in fact, is a short-term bet on the asset direction. The Means, if the trader’s guess is right, you get set amount of money from the other, while in case of opposite “guess” or if you are wrong you lose it all.

Since the binary and options trading appeared as an attractive offering among financial investments, the whole business got involved in its discussion of trustworthy operation or not. Its popularity explained by open access to anyone who seeking for an investment opportunity and allegedly allows to enjoy high incomes in a very short time. Yet, let us look closer to the opportunity itself.

How Forex Trading scam work

The binary brokers as a typical mean locate their offices primarily in offshore zones and other jurisdictions that did not imply the strictest regulation to financial investment firms. Therefore, the company will enable their operation with a very low requirement and capitals while as a general rule will claim its presence in prestigious jurisdiction alike UK, Hong Kong, US or another European country. The phone number may appear to be a local line, but eventually to have the end user in the option trading hub somewhere in the world. Therefore, binary scam gear towards investors and promote fake binary trading software through easy for unscrupulous providers to take the advance.

Most often binary frauds use heavy advertising tactics through a social media, advertising on websites and emails with a redirection to a very-well developed websites with an allegedly professional offering and a very attractive opportunity of gains available to everyone. The majority of binary option scams lure traders with a very small initial deposit and “free bonuses”, and most often it is enough to get interested in. Further on an options broker will ask for credit card information and eventually, that’s where the positive side finishes. Then, the trader puts his life savings into “potential investment and gains”, but faces the loss of everything. The attempts to get money back turns out to be unsuccessful with further stress from understanding what happened.

The main trap in binary options trading is that firm may easily manipulate software and distort price which will lead to sudden loss of the trading account and balance. Furthermore, the scam brokers may use credit information to withdraw funds from the cards, therefore you should be extremely cautious about giving the credit details.

As the nature of Binary Options trading allows company providers to operate the “business” easily as well to enjoy high incomes to their pockets, the industry shows its growing tendency constantly. However, the situation has now changed due to better regulations and observance that keeps track on scams. Securities and markets regulators across international jurisdictions received thousands of complaints as the binary options providers’ target investors aggressively, yet, the truth of victims is far beyond the received number of complaints. While Binary Option is often categorized as a sort of gambling by the authorities the binary options broker may be a registered firm in particular or offshore place, yet the firm is not allowed to sell its offering to residents of other jurisdictions.

The authorities and international trading industry regulators regularly check on the trends and actions performed or offered by various brokers with a purpose to protect clients and maintain a trustable or smooth market operation. In regards to binary options trading sites, the most trusted regulators issued an Investor Alert, with an advice not to involve in binary trading at all and even banned binary options to retail traders. The agencies mention that numerous complaints received and relatively easy way to manipulate software or to generate losing trades during the binary options trading delivery involves significant risk to be involved in fraudulent activity. The authorities then identified thefts through a fixed-odds betting nature of the binary options trading and try to educate the population and warn about fraudulent promotional schemes.

In 2020 US regulators CFTC and SEC officially joined and published an alert to investors along with a ban on binary options trading to the residents. The Canadian authority mentions binary option fraud is a leading investment fraud that facing potential investors, while there are no registered firms permitted to trade these products in Canada. The European ESMA along with the respected EU authorities followed by series of warnings and from 2 July 2020 banned firms from selling binary options across the EU. While the ban is for a three month period, a further extend took place from 2 October and continues.

Recently, on November 2020, German Federal Financial Supervisory Authority BaFin announced that it is planning to prohibit the marketing, distribution, and sale of binary options to retail clients at a national level. Overall, mostly all respected regulators confirm a fact of an extreme risk involved in binary trading, therefore the majority of authorities alerts if you are offered binary options it is probably a scam.

After all, there are too many tragic stories about binary options victims, it became so common that the authorities try their best in order to prevent a population from fraudulent.

How to protect yourself

However, the regulators are not able to power each and every offering or specific jurisdiction where most of the scammers based. In many instances, you should protect yourself and be aware of an interaction, that takes place with a purpose to take your money.

There is no any guarantee on a statement made at the broker’s website, thus do not believe on every statement, specifically about its registration status, but carefully check on through official regulatory sources. Scams often present themselves as a reputable firm with professional data, an allured attractive possibilities of high gains and fast outcomes. Yet, often its all faked, always remember because information looks official, it does not mean it is.

Always verify the broker’s registers before dealing with them and check on the reputation, as well read Forex Brokers reviews. Probably, if the firm is not authorized it is a high risk to be a scam. You can always check Warning lists issued by the industry authorities and of course, you should consider strongly any issues, as well review the List of Brokers to Avoid.

If you got scammed

In case you fall, a victim of Binary Option scams, at first you should immediately recall the credit card and try to withdraw funds from an account. Because scams are likely located overseas, there is almost no way to get any money back or to receive any sort of support.

The typical traders complain included refusal to credit accounts or return funds and in fact, are not able to be supported further, as simply the company is not regulated or compensated by anyone. However, you should report a scam to specified authorities and better to access a specialist to advise on your following steps. The regulators like UK’s FCA, Australian ASIC, Cyprus CySEC or others provide an open and well-guided complaint procedure, therefore you should contact authority immediately in case there are any concerns.

Submit your complaint about Australian Broker to ASIC:

If you invested with a non-regulated entity, there is no investment protection applied, as well as there is no established compensation, unlike the Regulated Forex Brokers status provides.


The sad truth is that scams among the binary options trading market are something that dominates among the offering. While the broker may provide a robotic software or to act as a broker, the trader should always keep caution against scams.

Overall, it is very high risk, noting facts and issues happened to thousands of investors around the world, to engage in Binary Options trading. We can not recommend trading with binary option brokers due to the revealed facts and numerous warning issued by the trusted authorities around the world. We value a transparent operation and investment service, therefore both reliable and trusted brokers will be always regulated and authorities in terms of their offering and performance. On the contrary, we offer to check out a list of Regulated Brokers and description of their investment proposal, which is available by the link.

Best Binary Options Brokers 2020:
  • Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo

    Good Choice For Experienced Traders!

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