trader24 binary option brokers scam Ranked regulated broker: Get Started Here! The harsh reality is that there are multiple binary options brokers that are running a scam. There are various ways in which a binary options broker could be doing this, including non-payment of legitimately earned money, fraudulently awarded bonuses and claims made by the broker that are simply not true.
Update: Currently the most trusted broker in the business is IQ Option. It’s in the business for several years now and has multiple licenses in various reputable jurisdictions. So, if you want to go safe, then go IQ Option. How to Find the Best Italian Binary Brokers? You can usually know if a broker is suspicious just by their unprofessional name.
Once the money is deposited, no one will reply to your emails anymore or answer your phone calls. This broker appears to be ripping off the trust and name of the broker 24Option, which is a legitimate broker licensed in the European Union. Safe24Options and 24Option are NOT the same company. The most common complaint about this broker is complete non-payment regardless of the amount. Usually once you register a customer service representative will approach you and make all kinds of wild claims and promises that if you deposit a very large amount he’ll show you an unknown winning secret. Once you deposit, you’ll never hear from him again. There are rumors according to which Sycamore Options is being run by the same company as TraderXP, another binary options scam.
It appears that after the large negative publicity, TraderXP simply decided to change its name and operate under a new scam. Sycamore Options is in our opinion one of the worst binary options scams as there have been reports of the broker fraudulently charging people’s credit cards. 800 in 4 incremental payments without the trader’s permission. The trader was refused any compensation. Do NOT register at Sycamore Options it’s a SCAM. There is not much information available about this binary options broker.
This does not necessarily mean that this broker is a scam however the fact that it’s extremely hard to find any information about the company running this broker is suspicious. The general rule of thumb when registering at binary options brokers is that you should avoid anything that appears suspicious. You should trust your gut feeling if something appears off. You might be wrong in certain cases but it’s not worth taking the risk of registering at a potential scam. Binary International might not be a scam but it looks suspicious as it’s difficult to see what company runs this broker.
Cedar Finance might not necessarily be a scam however the way the company owners promoted this broker in the past resulted in them being blacklisted by multiple online trading websites and forums. Cedar Finance is perhaps known as one of the largest spammers in the business. Due to their predatory nature and aggressive and dishonest marketing we do not recommend Cedar Finance as a suitable binary options broker even though they don’t seem to be a scam. VIP Binary is another broker that does not necessarily appear to be a scam but still managed to generate a lot of negative feedback from losing traders. While the broker might be legit, we believe you should not risk and register there considering that there are plenty of reliable alternatives out there. I mean, why would you listen to a BROKER telling you to invest MORE money? VIPBinary is a suspicious broker you should avoid.
EZ Binary is a broker that appears to be piggybacking the brand and trademark of EZTrader. EZTrader is a legit and fully EU regulated binary options broker that should not be confused by EZ Binary. The two brokers are owned by two completely different companies not related to each other. The fact that EZ Binary is stealing the brand value of another broker in order to fool people into believing that they are trading at a different broker means that EZ Binary is a scam. How do we Decide if a Binary Options Broker is a Scam?