TheBestBinaryOptionsBrokers.net https://thebestbinaryoptionsbrokers.net Fighting online scams since 2013 Fri, 22 Jun 2018 16:10:30 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.6 COPYCAT SCAM: Profits Every Day review https://thebestbinaryoptionsbrokers.net/copycat-scam-profits-every-day-review https://thebestbinaryoptionsbrokers.net/copycat-scam-profits-every-day-review#respond Fri, 22 Jun 2018 16:07:56 +0000 https://thebestbinaryoptionsbrokers.net/?p=8383 Profits Every Day websiteIn this review we prove that Profits Every Day is a cloned scam that is here to steal your money. It is presented by Richard Banks.

Banks says that his trading software has made him a millionaire. It is presented under the name of Profits Every Day and it allegedly can earn you $10,000 every day. For free, because the app is free. Does it sound real? Of course not!

Profits Every Day

Comparison of scamsProfits Every Day is in fact an old scam called $10K Every Day App with a new logo. Lazy scammers just took everything from that old scam and rebranded it.

Check our picture to see a proof.

Richard Banks

Richard Banks scammerBanks is not a real trader, he is a scammer. In fact, the guy you see in the video is a professional scammer who played in several scams.

His real name certainly is not Banks. Richard Banks is a fictitious person played by a paid actor. See our picture.

Fake testimonial

The testimonial is fakeAnother actor and professional scammer is the guy in the video that pretends to be a new user making money with the Profits Every Day app.

As you can see on our picture, it is not the first time he is scamming people.

Scam robot

The roboto that loses moneyAnd finally, the trading software is nothing unique nor profitable. Again, check our picture and you will see examples of some other scams that are based on this exact same software.

We’ve got a lot of feedback about this trading app from real users and they say that it is losing money.

The truth

Now let us explain how Profits Every Day really works. It’s only aim is to make you deposit money with an unregulated broker that these scammers are affiliated with.

If you deposit money through their app with their crappy broker, scammers will get paid a commission and their software will lose your deposit.

Conclusion

Profits Every Day is an old scam with a new name, a lot of people already lost a lot of money with it!

If you really want to trade financial markets for profits, start practicing on a demo account with a regulated broker to see if you can succeed in building a profitable strategy.

You have to understand what trading takes before potentially switching to real money.

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Foreign Investment and Acquisition Authority is a fake regulator, says the FMA https://thebestbinaryoptionsbrokers.net/foreign-investment-and-acquisition-authority-is-a-fake-regulator-says-the-fma https://thebestbinaryoptionsbrokers.net/foreign-investment-and-acquisition-authority-is-a-fake-regulator-says-the-fma#respond Fri, 22 Jun 2018 08:17:30 +0000 https://thebestbinaryoptionsbrokers.net/?p=8377 The Financial Markets Authority from New Zealand has warned that FIAA is not a real regulator.

The Foreign Investment and Acquisition Authority (FIAA) pretends to be the official financial regulator of New Zealand that oversees securities and commodities trading, among other activities.

But it is not true, FIAA is not a regulator, it has nothing to do with official authorities. It was created to cover some other scams like Kauri Ventures and Anaru and Partners.

The FMA has also warned against unregulated companies Everest International Group and Endeavour Capital Partners.

For trading we recommend using regulated brokers.

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REAL SCAM: Smart Money System review https://thebestbinaryoptionsbrokers.net/real-scam-smart-money-system-review https://thebestbinaryoptionsbrokers.net/real-scam-smart-money-system-review#respond Thu, 21 Jun 2018 12:50:04 +0000 https://thebestbinaryoptionsbrokers.net/?p=8369 Smart Money System official webIn this review we expose the scam called Smart Money System that is made to steal your money.

Smart Money System is supposed to be an automated trading software that uses artificial intelligence to take advantage of price bubbles in cryptocurrency markets. This system is allegedly very profitable and can make you a lot of money.

As the software is free, you are supposed to believe that it can make you money for free. Really?

Smart Money System scam

The truth is that Smart Money System is a scam that is trying to exploit the cryptocurrencies popularity wave. It won’t make you any money, in fact it will lose yours.

It uses quotes from famous investors like Mark Cuban to make you believe that it is based on something substantial, but it is not.

Fake testimonials

Testimonials are fakeLet’s start with reviews that you can see on the Smart Money System website. They are supposed to be from Facebook, but they aren’t. You might have noticed that it is impossible to click the profiles and to post a reply.

The reviews are fake, scammers fabricated them with stolen photos.

Everything is fake

The disclaimerIf you don’t believe what we said about Smart Money System reviews, you should read their disclaimer. They admit everything is fake.

The story about a profitable trading system is fake, paid actors were used to create a fictitious story. Trading results mentioned in the video are fake. Check our picture.

Scam software

Scam robotThe most important thing is that Smart Money System uses a well-known scam software that was made to rip you off.

Look at our picture to see some other scams based on this exact same app, like Crypto Unlocked, Bitcoins Wealth and Crypto System Plus.

We get a lot of feedback from real users of this app, so we know for sure that it is losing money!

How it really works

The true aim of Smart Money System is to make you deposit money with an unregulated broker called FX Leader. If you deposit through the software with this broker, scammers who run Smart Money System will get paid by the broker for referring you.

That is their only motivation to run this scam, they want to get paid by this shady broker for referring new victims that will lose their money.

Conclusion

Smart Money System is a dirty scam that wants you to send money to a scam broker and lose it. Stay away from it!

If you want to try to make money in crypto trading, start practicing risk free on a free demo account with a regulated broker.

Start trading with real money only if you manage to build a proper strategy and understand the risks.

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Coin Boost, Trade X1, 10 Brokers and others added to the FCA’s blacklist https://thebestbinaryoptionsbrokers.net/coin-boost-trade-x1-10-brokers-and-others-added-to-the-fcas-blacklist https://thebestbinaryoptionsbrokers.net/coin-boost-trade-x1-10-brokers-and-others-added-to-the-fcas-blacklist#respond Thu, 21 Jun 2018 08:23:45 +0000 https://thebestbinaryoptionsbrokers.net/?p=8366 The British Financial Conduct Authority has warned against seven new unregulated investment services.

These latest additions to the FCA’s blacklist are investment services, brokers and wealth management companies.

The important thing is that they all provide services that are regulated, which means they need a licence. But they don’t have any, these companies are not regulated:

  • Coin Boost
  • Trade X1
  • Crypto Robot 365
  • 10 Brokers
  • Apex Tradex
  • PGM Patrimoine
  • Virtous Wealth

For trading we recommend using regulated brokers only.

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AWFUL SCAM: Vario Bit review https://thebestbinaryoptionsbrokers.net/awful-scam-vario-bit-review https://thebestbinaryoptionsbrokers.net/awful-scam-vario-bit-review#respond Wed, 20 Jun 2018 14:08:28 +0000 https://thebestbinaryoptionsbrokers.net/?p=8359 Variobit scamIn this review we explain that Vario Bit is a scam that has nothing to do with crypto mining or real investing.

Vario Bit Ltd. claims to be a company with a 10-year history in investing. Now it has added bitcoin mining to its portfolio. All these activities allegedly allow it to offer very generous investment plans.

The three plans offer 110% after 7 days (which means 42% net in one month), 5% daily for 30 days (50% net in one month) and 4% daily for 45 days (20% net in one month).

Is it a genuine investment opportunity?

Vario Bit scam

Investment plans are not sustainableIt should be general knowledge and obvious to everyone, 50% per month is impossible in any legit and sustainable business. Period. Any time you see an offer of this kind, you can walk away, because it is not a legit business. That’s the reality.

Forget about bitcoin mining, because of the low price of bitcoin nowadays it is not profitable, you would be happy to break even. 50% per month was not possible in bitcoin mining even when its price was peaking last December.

And 50% per month is of course not possible in traditional investing either. You have to realize that it is 50% net, which means that Vario Bit would have to make even more, because they won’t be working for free, right?

Fake company

The company is not legitVario Bit shows a tax registration from the UK, but it says nothing about the legitimacy of the company. They claim to be 10 years old, but as you can see, the registration is one year old. You can be sure that it won’t last another year.

If Vario Bit was a legit investment company, it would be registered with the Financial Conduct Authority. But it is not, as you can see on our picture, which makes it a company that provides investment services illegally!

How it really works

It’s obvious that Vario Bit is a Ponzi scheme. This means there is no real business activity going on, just a financial game. New deposits are used to pay withdrawals until the system collapses or the owners decide to run away with all the money.

In any case Vario Bit is doomed to fail, it is only a question of time.

Conclusion

Vario Bit is a scam that is going to collapse and take a lot of money with it.

Crypto mining is not profitable nowadays. It is possible to make money in crypto trading, but it takes time to build a profitable strategy. You can practice it on a free demo with a regulated broker.

Forget about free systems making you tens of percent per month, they all are scams.

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STAY AWAY from Rain Cloud Coin – review https://thebestbinaryoptionsbrokers.net/stay-away-from-rain-cloud-coin-review https://thebestbinaryoptionsbrokers.net/stay-away-from-rain-cloud-coin-review#respond Wed, 20 Jun 2018 12:36:11 +0000 https://thebestbinaryoptionsbrokers.net/?p=8353 Rain Cloud Coin websiteRead this review to see why you should not trade with the Cloud Coin robot.

Rain Cloud Coin has a very short online presentation, it only says that it is an easy and complete solution for online trading that works on autopilot.

The question therefore is, whether you should let this robot trade with your money?

Scam solution

Cloudcoin robotWe have tested and reviewed hundreds of scams and what we see with Could Coin is a trading software that is used by many scams. We have never seen it used by any legit program.

Check our picture to see a few examples of other scams that are based on the same trading platform: Crypto Storm, Crypto Coins Bot and Crypto Robot.

This software sometimes even let you try it in demo mode, but the demo mode is using fake prices to generate fake profits, which makes it very misleading.

Thanks to the testing mode many people believed that the software is profitable and let it trade with their own money, only to find that in real trading it is losing!

All in all, this trading software that Rain Cloud Coin is based on has an awful reputation for scamming people, this is why you should not use it.

How it really works

The real purpose of Rain Cloud Coin is to make you deposit money with a shady broker, XFX or XtraderFX. People who run this robot are paid by this broker for referring new depositors, that’s how it works.

If you deposit money through Rain Cloud Coin and let the robot trade with it, you will quickly lose everything. And because the broker is not regulated, nobody will be able to help you.

Conclusion

Rain Cloud Coin is based on a software used by scams, therefore we recommend staying away from it!

If you are interested in crypto trading, you can try it on a free demo with a regulated broker to see risk free how it works.

Remember that you will have to build a proper trading strategy before switching to real trading with real money.

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CONSOB warns against Capital Markets Banc, 100XFX, Centro Banc, Banc de Monarch and ExxonFX https://thebestbinaryoptionsbrokers.net/consob-warns-against-capital-markets-banc-100xfx-centro-banc-banc-de-monarch-and-exxonfx https://thebestbinaryoptionsbrokers.net/consob-warns-against-capital-markets-banc-100xfx-centro-banc-banc-de-monarch-and-exxonfx#respond Wed, 20 Jun 2018 08:23:00 +0000 https://thebestbinaryoptionsbrokers.net/?p=8351 The Italian financial regulator CONSOB has placed five additional brokers to its blacklist.

The Forex brokers that CONSOB has warned against are Capital Markets Banc, 100XFX, Centro Banc, Banc de Monarch and ExxonFX.

These brokers are not regulated, yet they are trying to get customers in Italy and other countries that regulate trading.

For trading, we recommend using regulated brokers only.

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VIOLENT SCAM: iBitcoin Code review https://thebestbinaryoptionsbrokers.net/violent-scam-ibitcoin-code-review https://thebestbinaryoptionsbrokers.net/violent-scam-ibitcoin-code-review#respond Tue, 19 Jun 2018 13:39:34 +0000 https://thebestbinaryoptionsbrokers.net/?p=8341 iBitcoin Code official websiteIn this review we have a look at the iBitcoin Code scam that is presented by Steve McKay.

McKay claims that iBitcoin Code can make you $13,000 in just 24 hours? How? By trading bitcoin, it is an automated software that will do everything for you on autopilot.

What’s more, McKay want to give you free access to his iBitcoin Code software. Really?

iBitcoin Code scam

Comparison of scamsIn all honesty, iBitcoin Code is just a cloned scam. We have seen it many times under different names.

Check our picture to see a comparison, the oldest version was called Bitcoin Code, another bears the name Bitcoins Wealth. But all are the same scam.

Steve McKay

Steve McKay is a scammerSteve McKay is a fictitious character that has been created for the purpose of these scams. You can see different photos under the same name, sometimes they use different names with the same photo.

But it always is a stock photo that doesn’t belong to a real trader. Look at our picture to see the proof that Steve McKay is what we can call a scammer.

Fake Testimonials

Testimonials are not realiBitcoin Code will show you some video testimonials with people who are allegedly making money with this trading system. But they are not true.

All the testimonials are fake, made with paid actors. Just like the one on our picture, this man is a Fiverr actor that anybody can hire for a fake review.

Scam software

The losing softwareAnd finally, all these scams always use the same losing software. As you can see on our picture, not only the clones of iBitcoin Code are based on the same app, but also other scams like Crypto Unlocked or Crypto System Plus.

We get a lot of feedback about this software from real users and they all say that it is losing money in real trading!

How it really works

The true and only purpose of iBitcoin Code is to make you deposit money with an unregulated broker that scammers have partnered with. This broker is paying them for referring new clients who will lose their money.

So, if you deposit through iBitcoin Code, scammers who run the system will get paid a commission by the broker and their software will lose your deposit in trading. End.

Conclusion

iBitcoin Code is a cloned scam that you have to avoid if you don’t want to lose money.

To make money in crypto trading, you have to do your own research and your trading decisions. You can practice it risk free on a free demo with a regulated broker.

Be sure to understand all the risks associated with trading, if you eventually decide to trade with real money.

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SCAM OR NOT? Free Crypto Secret review https://thebestbinaryoptionsbrokers.net/scam-or-not-free-crypto-secret-review https://thebestbinaryoptionsbrokers.net/scam-or-not-free-crypto-secret-review#comments Tue, 19 Jun 2018 12:20:58 +0000 https://thebestbinaryoptionsbrokers.net/?p=8335 Free Crypto Secret reviewIn this review we have a look at Free Crypto Secret that is supposed to make you money with cryptocurrencies. It is presented by Ryan Williams.

Williams says that he discovered a special opportunity to make money with cryptocurrencies that are free. Cryptos can gain in value quickly, so he claims you need little to no money to have the opportunity to become rich.

He will explain you how to do it for $17.99. Is the Free Crypto Secret worth it?

Beware

There are two aspects to Free Crypto Secret. The first concerns free cryptocurrencies. Yes, you can get some cryptocurrencies for free via airdrops, BUT… there is always a but, right?

There are two kinds of airdrops. The first one is when the whole distribution of a given crypto is free. These cryptos are of course worth nothing, they are distributed as free and over time they rarely increase in value.

The second kind of airdrop is when you get a crypto for free when you promote it or do something for the community (bounty program) and the rest is sold by the company via an ICO. But the amount you can get via an airdrop is always very small and it will equal to a few dollars at most.

The second problem of Free Crypto Secret is that it is kind of living in the past. Yes, last year cryptos gained thousands of percent, but this year they are going down since January and have lost most of last year’s gains.

The bottom line is that it is possible to make money with cryptocurrencies, but don’t expect a $18 guide promoted with spam to help you.

Conclusion

We don’t believe Free Crypto Secret can help you to make money, free cryptos are free for a good reason, most often there is no real value and will never be.

To make money in with cryptos, you have to do your own research and choose carefully tokens that have a great potential for the future. You can try trading risk free on a demo account.

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FCA warns against EU Capital https://thebestbinaryoptionsbrokers.net/fca-warns-against-eu-capital https://thebestbinaryoptionsbrokers.net/fca-warns-against-eu-capital#respond Tue, 19 Jun 2018 09:12:41 +0000 https://thebestbinaryoptionsbrokers.net/?p=8333 The Financial Conduct Authority from Britain has placed the broker EU Capital on its blacklist.

EU Capital offers Forex, crypto, stocks, commodities and indices trading. The name suggest that it is an EU broker, but it is not.

In fact, EU Capital is based in Marshall Islands and is not regulated at all. Therefore, it is breaking the law when soliciting UK and other EU residents. This is why the FCA has warned against it.

The FCA has also identified two other unregulated companies offering investment services: Privè Global Management Services (PGMS) a Morgan Wealth Advisory.

For your trading, use regulated brokers only.

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