Blacklist of binary options brokers

Today, you can find a very large number of brokers on the Internet. But not all of them provide honest service. Unfortunately, there are many scammers who hunt for traders’ money.
Our goal is to warn binary options traders, to find the best broker for you.

THE BLACKLIST OF BROKERS IS COMPILED BASED ON REAL REVIEWS OF TRADERS. YOU CAN FIND BROKERS WITH AND WITHOUT A LICENSE. THE REGULATION OF THE BROKER IS NOT A GUARANTEE FOR THE TRADER.

How did we create the list of “RECOMMENDED BROKERS”? We removed those brokers who received a lot of complaints. There are those that do not prevent traders from earning. Ultimately, the result of trading should depend only on the trader himself.

READ REAL REVIEWS OF TRADERS IN REVIEWS

LIST
OF NON-RECOMMENDED
BROKERS

In 2016, more than 700 new brokers appeared. Most of them are scammers. Be careful when choosing your broker.

Брокер	Бонус	Мин. депозит	Доходность	Регуляция	Обзор	Открыть счёт

We do not add all brokers to our rating, so we have created a separate section in which you can leave your feedback about the binary options broker. In the table above you can find brokers who were in our rating, but after constant, justified complaints from traders, they were transferred to the “BLACK LIST OF BROKERS”. If the broker is in the ranking of the best brokers or in the black list, write your review on the broker’s review page.

If the broker is not in our rating, and he does not have a review, where you can leave a review, leave in the section REVIEWS ABOUT BROKERS.
Leave only honest reviews!

COMPLAINTS AGAINST BINARY BROKERS

>>ALL COMPLAINTS AGAINST BINARY OPTIONS BROKERS

 

The main problems of binary options brokers

Why are brokers blacklisted and what problems await the trader? We have compiled a list of problems that can be expected as he is not an honest binary options broker. Even if a broker is regulated and it has a license, it does not promise us to get proper treatment and service.

BLACKLIST BROKERS ARE BINARY OPTIONS BROKERS WHO ARE NOT RECOMMENDED TO OPEN AN ACCOUNT WITH DUE TO TRADERS’ COMPLAINTS ABOUT THE SERVICE AND THE DISHONESTY OF THE BROKER

Support or customer support

Customer support is one of the main departments of a broker. Just like in a bank, the client should get the best service. Not all brokers provide customer support. Low-quality brokers simply ignore traders when a question or problem arises. We often see complaints about brokers who simply start behaving boorishly when a trader refuses to increase the deposit or asks to withdraw his money.

COMPLAINT AGAINST THE BINARY OPTIONS BROKER FINMAX. AFTER THE WITHDRAWAL REQUEST, THE COMPANY’S MANAGERS PROVIDED DISGUSTING SUPPORT TO THE TRADER

Such companies immediately fall into the BLACK LIST. After all, in fact, this is a deception and fraud, since traders can lose their deposit due to poor service.

Broker’s trading platform

The broker is an intermediary between the trader and the exchange. The broker’s company must provide a technological solution. Namely, to make sure that the platform works correctly and without failures. If the broker does not have a good technical team that monitors the full functionality, technical problems occur, due to which the trader loses money. In such companies, deals often do not work, quotes and discrepancies between the transaction price and the platform are not suitable.

BROKER BINARIUM IS NOT RESPONSIBLE FOR PROBLEMS ON ITS TRADING PLATFORM. THEREFORE, IF A DEAL ON A TECHNICAL PROBLEM DOES NOT WORK FOR YOU, YOU ARE NOT ENTITLED TO COMPENSATION.

Moreover, dishonest brokers can manipulate the results, open trades instead of traders and simply steal money.
Brokers have written in the terms and regulations that the broker is not responsible for technical failures. Therefore, they simply pour the trader’s money into their pocket.

Withdrawal of funds from the broker

Making money on options is not so easy. However, after training and training, traders begin to receive constant earnings. Withdrawal of earned funds is one of the main parameters of checking a binary options broker, and forex too.
Honest brokers withdraw money within 24-78 hours after the withdrawal request. Of course, if the trader has provided all the required documents: Passport, proof of residence. It is also important to take into account that if a trader has taken advantage of a bonus or other promotion of the broker, he is obliged to fulfill all obligations, as indicated in the condition of bonuses and promotions.
Brokers from the NOT RECOMMENDED list usually do not withdraw the trader’s money. The support department simply ignores requests or resorts to tricks

Common tricks of scam brokers:

• ACCRUAL OF A BONUS WITHOUT THE CONSENT OF THE TRADER
• A PROMISE TO WITHDRAW MONEY, EACH TIME POSTPONING THE WITHDRAWAL DEADLINE
• THE BROKER REPORTS THAT THE MONEY HAS BEEN WITHDRAWN, BUT THERE IS NO MONEY, THEN THE MANAGER EXPLAINS THAT THEY ARE SORTING IT OUT AND IT LASTS FOREVER
• THE BROKER ASKS YOU TO DEPOSIT MORE MONEY IN ORDER TO SUPPOSEDLY PAY FOR THE WITHDRAWAL
• THE BROKER CAN OPEN TRADES ON THE TRADER’S ACCOUNT, AFTER WHICH HE PROVES THAT THE TRADER HIMSELF DID IT
• THE BROKER CLAIMS THAT THERE ARE NOT ENOUGH DOCUMENTS, EVEN IF YOU SENT THEM
• THE BROKER CLAIMS THAT YOUR DOCUMENTS ARE NOT VALID OR FAKE, AFTER WHICH THEY CLOSE YOUR ACCOUNT AND BLOCK ALL MONEY
• SCAMMERS CLAIM THAT YOU ARE TRADING AS A SCAMMER, THIS IS SPELLED OUT IN THE BROKER’S TERMS AND CONDITIONS

 

IT IS IMPORTANT TO REMEMBER THAT YOU NEED TO READ THE TERMS AND CONDITIONS OF THE BROKER, AS HE CAN, BASED ON THE CONDITIONS ON THE SITE, BLOCK YOUR ACCOUNT WITHOUT EXPLANATION

Read real reviews of traders on our website

The broker stopped accepting traders from the Russian Federation and the CIS

Some binary options brokers have stopped accepting traders from Russia and other Russian-speaking countries. After such a step, brokers close the support department in Russian language. Usually, these companies do not report the closure of activities. N
After this, exit and close, traders do not receive any services from the broker. Appeals are not processed by anyone, money is not withdrawn. Since managers simply do not understand the language. And what’s the difference, because they don’t accept it anymore.
BEWARE OF SUCH BROKERS. After all, brokers who have stopped accepting traders simply ignore them.

Binary Options Broker’s Promises

If the broker promises you too much and everything is in pink, beware of such companies. It must be remembered that brokers cannot give signals, send forecasts and advise. Both in writing and orally. Some brokers cooperate with companies that provide trading signals. However, the broker himself cannot do this.
Pay attention to the “broker’s client agreement” (Example of a Binarium broker agreement):
3.5. The Client is aware that: any market recommendations and information transmitted to the Client by the Company, its representatives or third parties does not constitute an offer to perform an operation/transaction
The broker strongly advertises its signals, however, it does not bear any responsibility. Read real reviews of traders, and leave your own.

BROKER FINMAX, PROMISES RISK-FREE TRADING. ALTHOUGH IN FACT THIS IS A BONUS THAT NEEDS TO BE WORKED OUT. PLEASE NOTE THAT THE BROKER PROMISES YOU “FINANCIAL SUCCESS”. SUCH A PROMISE IS PROHIBITED BY EUROPEAN FINANCIAL REGULATORS

Many scam brokers promise the trader earnings, and give fake examples of people who have built their capital by trading binary options. Although in fact. This is a simple deception. Those who promise you a lot are most likely scammers

Binary options brokers with a deposit of $ 10

For us, this has become an important indicator if the broker asks for a deposit of only $ 10. Please note that the broker, therefore, does not give you the opportunity to trade and control risks. The scheme of such companies is simple:
THE TRADER MAKES A DEPOSIT OF $>> 10, LOSES>> IT, CALLS HIM AND PUTS PRESSURE ON REPLENISHMENT FROM THE “NORMAL AMOUNT”.
Thus, the binary options broker knows that you will lose money. Your trade is opened only on the broker’s platform. Therefore, everything that you have lost remains with the broker. Even if a broker has 10,000 traders, and each lost $10 ==> the scammers earned $100,000 net.

THE FACT THAT THE BROKER IS A SCAM OR IT’S A SCAM SAYS ALMOST 500,000 SEARCHES ON GOOGLE. AS YOU KNOW, PEOPLE ARE LOOKING FOR REAL REVIEWS. BROKER, FROM 2013-2016, HAS BEEN PRACTICING “BLACK TYPES” OF MARKETING. BANNED BY ALL REGULATORS IN THE WORLD. THEREFORE, WE DOUBT THE HONESTY AND QUALITY OF THIS BROKER

At first, traders are looking for a minimum deposit, and then they are to blame. Brokers: IQ, Binarium and others have long been on the “black list” of many portals.

FULL LIST OF NON-RECOMMENDED BROKERS

 

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