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Show me a scam broker

  • #201
  • Sep 5, 2015 11:05am Sep 5, 2015 11:05am
5starsforex is a SCAM broker. I deposited $2000 on this broker. I traded on profit but I can't withdrawal anything. I hope FPA help me get money back http://www.forexpeacearmy.com/commun...problem.41467/.
  • #202
  • Sep 5, 2015 11:24pm Sep 5, 2015 11:24pm
MyOption is not regulated by any financial regulator, in which case I am afraid you are kinda scruwed.
Binary options is a scam folks! do not misstake binary options for trading or investing,
it is nothing of the kind, these folks ARE only out to rip you off, not just MyOption but all of them are.

binary options most resemblence is a casino in las vegas. but atleast they pay out.
please in the future,stay away from binary options, if you want to trade, start with forex.
binary options is a fraud, period!
Bulls are stupid Animals!especially when Im short!
  • #203
  • Sep 6, 2015 6:27am Sep 6, 2015 6:27am
Quoting roughtrader
MyOption is not regulated by any financial regulator, in which case I am afraid you are kinda scruwed. Binary options is a scam folks! do not misstake binary options for trading or investing, it is nothing of the kind, these folks ARE only out to rip you off, not just MyOption but all of them are. binary options most resemblence is a casino in las vegas. but atleast they pay out. please in the future,stay away from binary options, if you want to trade, start with forex. binary options is a fraud, period!
Yes, most short term options, like the 60 sec options are surely scam.

The Risk to reward in options is negative. SO you need a very high win ratio.

Some classic options could be good.


In spot forex at least you can have RR up to whater you want. You can risk 100$ to make 1000$.

So, math is on your side, even with 30% win ratio you can be profittable.

SAme is not true for options.
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #204
  • Sep 6, 2015 9:09am Sep 6, 2015 9:09am
Quoting roughtrader
MyOption is not regulated by any financial regulator, in which case I am afraid you are kinda scruwed. Binary options is a scam folks! do not misstake binary options for trading or investing, it is nothing of the kind, these folks ARE only out to rip you off, not just MyOption but all of them are. binary options most resemblence is a casino in las vegas. but atleast they pay out. please in the future,stay away from binary options, if you want to trade, start with forex. binary options is a fraud, period!
Thank you dear, but i just need to register a case against them. It was my first binary option company and almost going to close forex trading too with in a few days. But i always remember how i was deceived by a broker.
  • #205
  • Sep 15, 2015 7:54am Sep 15, 2015 7:54am
I got cheated by No1Options. I made it clear that I was not interested in any kind of bonuses from day one, then they said they will insure my deposits. When I asked them for a copy of the insurance, a letter was issued by their finance department stating the following (Message below is the exact copy of the so called insurance)

"Trading plan for 2015 on a protected VIP account for account number: 9/56144
No1Options would like to inform you that your account would be protected for: up to 250,000$ under the protected VIP account, trading on Class A trades (10,000$), or Class B trades (5,000$).
Each trade that you open, Class A or B, under the advice of a Senior Advisor, Mr. Nico Yannis, would be protected once for each trade, for the whole amount of the trade.
In the case of a winning trade and a profit of 70%-80% per trade you are entitled for a withdrawal of the profits and to open another trade for the same amount as before.
In the case of a losing trade you would be entitled for a reimbursement for the full amount of the trade back to your trading account with No1Options, following that case you will be able to choose between opening another trade of the same class, under no protection or to discontinue our program."

Following the trade which when against their recommendation, they refunded the account however are rejecting any withdrawals. On repeated mails requesting why I have not been successful with the withdrawals, I got a response from their customer service stating ....

"You have a bonus in your account and you didn't rich the trade. Keep trading to reach the volume"

I have requested numerous times for more details and produced the "insurance", email trails and skype messages of the commitments made by their brokers however they have gone silent.

Kindly advise on channels on how to complaint or register a case against this scam operations.
  • #206
  • Sep 19, 2015 8:07am Sep 19, 2015 8:07am
Unfortunately the problem is that one good broker is scam to others while a really scam broker is good for some while scam for others, so it's such a tough thing to say with 100% certainty about broker.
  • #207
  • Sep 24, 2015 7:17pm Sep 24, 2015 7:17pm
Quoting Fedricks
Unfortunately the problem is that one good broker is scam to others while a really scam broker is good for some while scam for others, so it's such a tough thing to say with 100% certainty about broker.
No they are all scammers, there is no good binary options brokers because there are no way you could win long term,
the odds are stacked against you. they made it impossible for you to win.
that's why binary option brokers are all scammers, they don't even give you a chance.
with a risk to reward ratio below 1 to 1, that is just impossible odds.
even the best trader in the world would find it very difficult to make money with those odds.
I would say it is close to impossible, and they know it.
these guys are thiefs and should all be locked up because they claim you can win luring people in,
when it is in fact mathematically impossible.
deposit money to a binary options broker and you probably never see them again.
Bulls are stupid Animals!especially when Im short!
  • #208
  • Sep 27, 2015 1:06pm Sep 27, 2015 1:06pm
Well, can't say that FBS is a scams, but I was unpleasant suprised when discoverd that they actually take commission on their swap-free accounts for every day of trade. So there is no difference between commission and swap in this case.
  • #209
  • Oct 6, 2015 10:16am Oct 6, 2015 10:16am
Quoting roughtrader
{quote} No they are all scammers, there is no good binary options brokers because there are no way you could win long term, the odds are stacked against you. they made it impossible for you to win. that's why binary option brokers are all scammers, they don't even give you a chance. with a risk to reward ratio below 1 to 1, that is just impossible odds. even the best trader in the world would find it very difficult to make money with those odds. I would say it is close to impossible, and they know it. these guys are thiefs and should all be locked...
but what about brokers that offer Binary Options, are their regular FX operations scams? For instance DukasCopy offers Binary (but I think a slightly different than other Binary Brokers type), but their regular FX is more or less above-board, right?
  • #210
  • Edited 4:59am Nov 4, 2015 4:34am | Edited 4:59am
Good morning traders !

I got a new one to the list :
Freshforex !!

They offered a 1000$ Bonus as a " credit " , not for withdraw but accepted as Margin !
Only gains can be transfered .... so they offered ..

Valid fom October to November 8. 2015 ( today is nov. 4th ) as a " Test drive " !

That way I did the account opening procedure and got a account within some hours after sending my Name and ID card number !!!

But they gave me a SHIT !

After account opening , i asked in the customer support chat why the 1000$ are not booked to my account ..
They answered " aah guido ,, sorry, this promotion isnt on our list anymore " ..
But smart Guido made a screenshot for verification :nerd:

In fact Freshforex dont keep what they promise in promotions !!

100% SCAM

Guido
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot (7).png Size: 252 KB
Risiko birgt immer auch die Chance.
  • #212
  • Edited 10:52am Nov 4, 2015 10:21am | Edited 10:52am
Quoting Dunno67
Hidden

I used the link on the screenshots as posted ..
they said I didnt .. lucky me i made a screenshot

heres the chat :
guido dxxx says:
Good morning .
Sergey says:
How can I help you?
guido dxxx says:
my account number is 1133xx , i did a promotion but can t find the 1000 $ on my acccount balance
guido dxxx says:
how to proceed now ?? https://freshforex.com/traders/promotion/test-drive.html
Sergey says:
Unfortunately you didn't use a special link to register and get the bonus 1000 USD. Please, pay attention to other our promotions https://freshforex.com/traders/promotion/ .
guido dxxx says:
that was the link i used
Sergey says:
Unfortunately, it's impossible. Please, pay attention to other our promotions https://freshforex.com/traders/promotion/ .


But i really used the link ,, the screenshot sais the same ..

Freshforex is SCAM 100 % ..!!
Guido
Risiko birgt immer auch die Chance.
  • #213
  • Nov 4, 2015 6:51pm Nov 4, 2015 6:51pm
There are a lot of scam broker you should not trade with, i can't list all of them but you guys should choose a broker from CFTC list, it's a good information about their capital.
http://www.cftc.gov/MarketReports/Fi...FCMs/index.htm
  • #214
  • Nov 4, 2015 8:29pm Nov 4, 2015 8:29pm
This thread is the example how tough it is to select a broker because every broker is been hated by someone, so the only way to figure the actual reality is by our own experience.
  • #215
  • Nov 5, 2015 12:01am Nov 5, 2015 12:01am
Quoting Sesamstrasse
Good morning traders ! I got a new one to the list : Freshforex !! They offered a 1000$ Bonus as a " credit " , not for withdraw but accepted as Margin ! Only gains can be transfered .... so they offered .. Valid fom October to November 8. 2015 ( today is nov. 4th ) as a " Test drive " ! That way I did the account opening procedure and got a account within some hours after sending my Name and ID card number !!! But they gave me a SHIT ! After account opening , i asked in the customer support chat why the 1000$ are not booked to my account...
This is sort of weird, As for me, I have already received 3 bonuses, for me, wife and sister. It's strange that you had some problems!
  • #216
  • Nov 5, 2015 12:53am Nov 5, 2015 12:53am
Quoting XTrade
The owner of this website is also a scam - research him to and you'll uncover other dirt. {quote}
haha, for the first time, I now agree with this, You know I have been using a broker for almost ten years now, but they listed him as a scam!! what a freak, they are the scam!!!!
  • #217
  • Nov 5, 2015 1:21am Nov 5, 2015 1:21am
people get burnt but greed gets in there way
Quoting roughtrader
MyOption is not regulated by any financial regulator, in which case I am afraid you are kinda scruwed. Binary options is a scam folks! do not misstake binary options for trading or investing, it is nothing of the kind, these folks ARE only out to rip you off, not just MyOption but all of them are. binary options most resemblence is a casino in las vegas. but atleast they pay out. please in the future,stay away from binary options, if you want to trade, start with forex. binary options is a fraud, period!
people leave, but this thread will go on for ever
  • #218
  • Nov 5, 2015 1:22am Nov 5, 2015 1:22am
bull
[quote=francmorio;8575853]{quote} This is sort of weird, As for me, I have already received 3 bonuses, for me, wife and sister. It's strange that you had some problems![/quote​
people leave, but this thread will go on for ever
  • #219
  • Nov 5, 2015 1:56am Nov 5, 2015 1:56am
Quoting francmorio
{quote} This is sort of weird, As for me, I have already received 3 bonuses, for me, wife and sister. It's strange that you had some problems!

not soo strange ..
I thought they make a present .. but my friend Sasha from Ukraine happened the same as I heard last night.


Freshforex seems seems not to be a reliable partner, more bucketshop .. and some have luck , otherīs donīt .

Quoting trader2077
There are a lot of scam broker you should not trade with, i can't list all of them but you guys should choose a broker from CFTC list, it's a good information about their capital. http://www.cftc.gov/MarketReports/Fi...FCMs/index.htm

I totally agree with you , there are really good brokers on the list .
London or US are ther best places for Brokers ..
My broker moved to Cyprus and thatīs why I withdraw my account .. and move to IB until Xmas .

But the goodie of 1000$ sounded good.. couldnīt know they don t keep their word ..
My plan was to take the bonus and trade risky ..
Stay green Guido
Risiko birgt immer auch die Chance.
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