TBBOB https://thebestbinaryoptionsbrokers.net Fighting online scams since 2013 Mon, 09 Dec 2019 16:33:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.3 Beware of the MyCoin Banking broker – review https://thebestbinaryoptionsbrokers.net/beware-of-the-mycoin-banking-broker-review https://thebestbinaryoptionsbrokers.net/beware-of-the-mycoin-banking-broker-review#respond Mon, 09 Dec 2019 16:31:29 +0000 https://thebestbinaryoptionsbrokers.net/?p=11850 In this review we have a look at MyCoin Banking and examine whether it is a good idea to trade with this broker.

MyCoin Banking broker

MyCoin Banking reviewMycoin Banking offers a wide range of trading instruments and assets. You can trade currencies on Forex, stock indices, commodities, stocks and cryptocurrencies with it.

The broker doesn’t publicly say what is the minimum deposit to open a live account.

Stay away

The reason why you should not trade with Mycoin Banking simply is that this broker is not regulated. It is located in Saint Vincent and the Grenadines where the financial regulation is not comparable to what is the standard in the US, EU, Australia, Japan and other countries and markets.

When a broker is regulated, it means that it is supervised by an independent financial authority and that clients’ deposits are insured. Also, in case of problems you can ask the regulator for help.

Since Mycoin Banking is not regulated at all, nobody is controlling what it does and where it puts the money it gets from clients. If the broker fails or disappear, nobody will be able to help you and you will lose money that you had on your trading account.

Not to mention the standards for sensitive data protection, that again is on a certain level with regulated brokers but often questionable with those that are not licensed.

Illegal?

MyCoin Banking scamOne important thing to notice is that MyCoin Banking gives a UK support phone number, which suggest that it is offering its services in the UK, among other countries perhaps.

But since the broker is not regulated, it has no rights to solicit UK residents or residents of most other countries since they have regulations in pace that require brokers to be regulated.

It is very well possible that MyCoin Banking is breaking UK’s law by offering its services to its residents.

MyCoin Banking review conclusion

Mycoin Banking is a broker that is not regulated, therefore we recommend staying away from it.

For trading you should always use regulated brokers to have at least same basic level of protection.

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Pretty simple scam: Immediate Bitcoin review https://thebestbinaryoptionsbrokers.net/pretty-simple-scam-immediate-bitcoin-review https://thebestbinaryoptionsbrokers.net/pretty-simple-scam-immediate-bitcoin-review#respond Thu, 05 Dec 2019 15:53:11 +0000 https://thebestbinaryoptionsbrokers.net/?p=11842 Let us explain in our review that Immediate Bitcoin is a very dangerous scam that you should be aware of.

Immediate Bitcoin reviewThe proposition of Immediate Bitcoin is very simple, it promises a daily income of at least $950 on autopilot.

That’s right, the software is supposed to trade your account and make you money with cryptocurrencies, up to $2,200 daily. The software allegedly can predict very accurately price trends and take advantage of them.

Since you can get Immediate Bitcoin for free, you are supposed to believe that you have nothing to lose. But you would be wrong.

Immediate Bitcoin scam

Let’s address the risk free part – financial trading is always risky, because you can make, but also lose money. There are no guarantees. Anybody promising risk free or guaranteed returns in financial trading is a scammer.

And indeed, Immediate Bitcoin is a scam. This program has been designed with the aim of taking your money and losing it.

There are many similar scams like this one that we have already reviewed, for example Easy Bitcoin, Bitcoin Storm and Bit Revolution. Basically, they always tell the same story.

Immediate Bitcoin testimonials and reviews

Immediate Bitcoin testimonialsScammers will try to persuade you that their system is working by showing you testimonials and reviews on the Immediate Bitcoin website. But you have to know that they are fake and we have a proof.

Have a look at our picture, you will see that to portray their fictitious user they used a photo of somebody who cannot be their customer, what they did is really appalling.

How not to lose money

Inovestments scam brokerFinally, let us explain in our review how not to get scammed by Immediate Bitcoin. It is pretty simple, just don’t send them any money.

Because it is what they want you to do. They will promise you big profits, but they will say that you first have to send them money, to an unregulated broker, in our case it was Inovestments.

Anything you send them will be lost, their software is losing, Immediate Bitcoin cannot earn you anything.

Immediate Bitcoin review conclusion

We have proved that Immediate Bitcoin is a scam that is dangerous for your money, stay away from it.

If you are interested in cryptocurrency trading, you can try it on a free demo with a regulated broker.

Don’t try trading with real money until you understand the risks and have a good strategy.

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VULGAR SCAM: Easy Bitcoin review https://thebestbinaryoptionsbrokers.net/vulgar-scam-easy-bitcoin-review https://thebestbinaryoptionsbrokers.net/vulgar-scam-easy-bitcoin-review#respond Tue, 03 Dec 2019 16:06:33 +0000 https://thebestbinaryoptionsbrokers.net/?p=11835 This review of Easy Bitcoin proves that this trading program is a scam and the parents of Greta Thunberg haven’t made any money with it.

EasyBitcoin reviewThere is a Swedish article going around with a story about Greta Thunberg’s parents who revealed in a TV show that they have made millions with a software called Easy Bitcoin.

This software trades bitcoins on autopilot, meaning that it generates trading signals and executes them on your account. It supposedly will make you money for free, because you can get it for free. Seriously?

Easy Bitcoin is a scam

There is no point in beating around the bush, Easy Bitcoin is a scam, plain and simple. Everything about it is fake, its only real purpose is to steal your money.

Fake Greta Thunberg article

Greta Thunberg articlePresumably because the Easy Bitcoin scam first went out in Swedish, fraudsters have chosen Greta Thunberg and abused her identity and the identity of her parents.

To make it clear, these people are not users of Easy Bitcoin, they haven’t made any money with it, they even don’t know that it exists.

Easy Bitcoin reviews and testimonials

EasyBitcoin reviews and testimonialsThe website of the program features also testimonials of other people who allegedly have been making money with it.

We analyzed these Easy Bitcoin testimonials and we have discovered that they are fake too. On our picture you will see that these people are not real users of the system, in fact their photos were stolen, their names are different, and they don’t even know about this trading scam.

How they get your money

We have reviewed lots of similar crypto scams, for example Bitcoin Trader, BTC Profit and Crypto Crash Fortune, se we have a pretty good knowledge about how they work.

Easy Bitcoin was made to steal your money in cooperation with a phony broker. So, if you sign up for the program, they will send you to an affiliated unregulated broker that will ask you for a deposit.

They will claim that they will multiply your capital, but in fact they will just keep your money and their software will make it look like you lost it in trading. So, don’t send them any money, otherwise you will lose it!

Easy Bitcoin review conclusion

There is no doubt about it, Easy Bitcoin is a scam. Don’t invest any money with it, if you don’t want to lose it.

If you want to try genuine cryptocurrency trading to make money, open a free demo account with a regulated broker and start learning with virtual money.

Don’t invest real money until you have a sound strategy and an understanding of the risks.

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Warnings against RichmondFX, GlobalFX, RMT500, Premium Brokers and AJ Asset Management https://thebestbinaryoptionsbrokers.net/warnings-against-richmondfx-globalfx-rmt500-premium-brokers-and-aj-asset-management https://thebestbinaryoptionsbrokers.net/warnings-against-richmondfx-globalfx-rmt500-premium-brokers-and-aj-asset-management#comments Fri, 29 Nov 2019 13:57:11 +0000 https://thebestbinaryoptionsbrokers.net/?p=11828 The Italian regulator Consob has published new warnings against unregulated broker. We list them in this review.

RichmondFX

RichmondFXRichmondFX is a Forex broker, but the company also offers investment advice and asset management. So, it has complex investment services in its portfolio.

The company says it has offices in Great Britain, Switzerland and Singapore. The problem is that RichmondFX is not registered in any of those countries, it has no license whatsoever to offer investment services.

Despite this fact it is offering its services in different countries, including Italy, which is the reason it has been placed on the blacklist of the local financial regulator.

GlobalFX

GlobalFXGlobalFX seems to be a copy of RichmondFX that we reviewed above. Not only it is offering the same investment services and advice, but it also has an almost identical website.

And the similarities don’t end here, because GlobalFX also says it has offices in the UK, Switzerland and Singapore. But also in this case the company has no authorization to offer investment services in any country, it is completely unregulated.

RMT500

RMT500RMT500 is a broker with a wide offering of investment instruments and underlying assets. You can trade currencies, stocks and commodities with CFDs or futures.

But don’t do it. The first warning signal is that reviews and testimonials on the website of the broker are fake.

The second red flag is that RMT500 has no authorization to provide investment services. It is based in the Marshall Islands and despite the lack of authorization it is soliciting residents of Europe.

Premium Brokers

Premium BrokersPremium Brokers is suspiciously similar to RMT500 reviewed above. It has the same offering of underlying assets and investment instruments. Also, it allegedly is located in the Marshall Islands too.

But Premium Brokers has the same problem with regulation, it has not been authorized anywhere to provide investment services but is still offering them in Italy among other countries. This is the reason it recently was included in the blacklist of the Italian regulator.

AJ Asset Management

AJ Asset ManagementAJ Asset Management is an investment service focused on cryptocurrencies, but it is also trading currencies and precious metals.

The offering of the company is a little bit vague, but according to the presentation on its website it is an investment service that will grow your capital.

AJ Asset Management supposedly is base in the United Kingdom, but it is not known there, it has not been authorized by the Financial Conduct Authority.

Summary

RichmondFX, GlobalFX, RMT500, Premium Brokers and AJ Asset Management are unregulated investment services that have been flagged by the Italian financial regulator Consob. Stay away from them.

For trading use regulated brokers only, because they offer some degree of protection to your money.

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STORMY SCAM: Bitcoin Storm review https://thebestbinaryoptionsbrokers.net/stormy-scam-bitcoin-storm-review https://thebestbinaryoptionsbrokers.net/stormy-scam-bitcoin-storm-review#respond Thu, 28 Nov 2019 16:29:11 +0000 https://thebestbinaryoptionsbrokers.net/?p=11819 Read our review of the Bitcoin Storm scam to understand that you really need to stay away from this program.

We review the Bitcoin StormBitcoin Storm promises you an access to an automated trading software that was designed to trade the cryptocurrency bitcoin.

It allegedly is so good that it wins 99.4% of trades, which, as you can expect, would you make you a millionaire in no time.

How much will this cost you? Well, this is the biggest surprise, because the software costs nothing. Isn’t that weird?

Bitcoin Storm scam

How the Bitcoin Storm scam was copiedIf becoming a millionaire was free, this world would look like a lot of different. In the current economic setup money cannot be free and Bitcoin Storm of course is a scam.

It is a carbon copy of scams like Bitcoin Lifestyle, Bitcoin Trader and Bitcoin Future. You will find a proof on our picture. It all started with the Bitcoin Code that we have of course reviewed too.

Because the scam is so widely spread, known an infamous, we have a lot of feedback and testimonials about it. Which allows us to classify it as a total scam.

Bitcoin Storm reviews and testimonials

Bitcoin Storm testimonials were fakedIt is true that on the Bitcoin Storm’s website you will find some positive testimonials about it, but only because they are totally fake.

Fraudsters fabricated them with stock photos, which we have proved on our picture that you can have a look at on the right side.

No real user has ever reported that Bitcoin Storm is profitable, ever.

Trading results

Trading results are not realAnother thing on the Bitcoin Storm’s website designed to fool you is the table called Live Profit Results. It shows trades that are all winners with some substantial profits.

But again, everything is fake, these results are not real, just some fictitious numbers.

How they get your money

Some might still be willing to try Bitcoin Storm, even after reading our review so far, because they think they have nothing to lose, since the program is free.

Well, it is not. Because these scammers won’t let you try it on a demo account, they will force you to risk your own money with an unregulated broker they have chosen for you.

So, not only you will be risking your own money since the beginning, you also won’t be able to withdraw anything since you will be dealing with a scam broker. This whole thing was put up together just to steal your money.

Bitcoin Storm review conclusion

Bitcon Storm is a dirty scam that just wants to get your money, it won’t earn you anything, stay away from it!

If you are interested in making money in crypto trading, first try a free demo account with a regulated broker.

Only when you manage to be profitable on the demo and you understand the risks of real trading, you can invest your own money.

 

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Cloud Token review – another huge SCAM heading towards a collapse https://thebestbinaryoptionsbrokers.net/cloud-token-review-another-huge-scam-heading-towards-a-collapse https://thebestbinaryoptionsbrokers.net/cloud-token-review-another-huge-scam-heading-towards-a-collapse#respond Wed, 27 Nov 2019 13:14:57 +0000 https://thebestbinaryoptionsbrokers.net/?p=11810 In this Cloud Token review we warn against this cryptocurrency scam, it can only lose you money.

About Cloud Token

CloudToken reviewCloud Token is presented as a blockchain platform with its own cryptocurrency cloud token (CTO), a wallet and a decentralized exchange.

The main appeal of this project is that it allegedly will earn you a passive income thanks to trading robots that are part of the wallet. They say you can expect 6% – 30% monthly returns on your investment.

It is supposed to work like this: You deposit normal cryptocurrencies like bitcoin or ether into your Cloud Token wallet and let robots like Jarvis AI and HAL trade. Then you will get paid profits in CTO on a daily basis. But will you?

Cloud Token scam

Unfortunately, Cloud Token is a scam that is going to implode sooner or later. It is very similar to scams like Bitconnect, OneCoin or Plus Token. Meaning that it issues a worthless cryptocurrency and it gives it to its users in exchange for real cryptocurrencies.

CTO scam

Cloud Token testimonialOne quick way to verify if a cryptocurrency is at least a real cryptocurrency that is traded somewhere, is to look for it at websites like Coinmarketcap.com. If you don’t find it there, it is a big red flag.

CTO (cloud token) is not listed on websites like Coinmarketcap, which means that it very probably is not even a real cryptocurrency. Looking at all the Cloud Token reviews and tests, it seems that it is just a fictitious token with no real background.

In any case you won’t be able to exchange it anywhere outside the CloudToken system, so once the system fails, which it will, it immediately is worth nothing.

Fairy tales

CloudToken scamCloud Token tells you fairy tales about extremely profitable robots that can make you up to 30% per month. Which of course is absurd. It is not sustainable for any crypto robot to make 30% each and every month, let alone for a free robot.

But even if such a robot existed, it would not need to use a new token like CTO, it would just trade markets and make money.

And this is the trick that takes the Cloud Token scam to a higher level than old-school Ponzi schemes, they created their CTO token so that you think you hold something of value, meanwhile they get your real values like bitcoins and ethers.

When they decide to call it a day, they will run away with your real cryptocurrencies and leave you with the worthless cloud token.

How it works

Finally, we will explain in this CloudToken review how it all works. Because people who run it want to accumulate as much money as they can, their operation is a Ponzi scheme. Which means that at the beginning they will allow members to exchange their CTOs for other cryptocurrencies and cash out.

This way they will make it look like a working system and attract more people and more money into the system. Sooner or later the scheme will become unsustainable. At that moment scammers who run the show will disappear with all real cryptocurrencies and users will be left with cloud tokens that cannot be sold anywhere.

Cloud Token review conclusion

Cloud Token is a crypto Ponzi scheme, a scam that is going to fail, it is just a matter of time. Stay away from it!

If you want to trade cryptocurrencies to make money, do it with the real ones. Start on a free demo and try to build a profitable strategy.

You have to have a sound strategy and understand the risks before you invest real money.

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HUGE SCAM: Profex Trade and Trade Boost FX review https://thebestbinaryoptionsbrokers.net/huge-scam-profex-trade-and-trade-boost-fx-review https://thebestbinaryoptionsbrokers.net/huge-scam-profex-trade-and-trade-boost-fx-review#respond Tue, 26 Nov 2019 14:52:34 +0000 https://thebestbinaryoptionsbrokers.net/?p=11802 This ProfexTrade and TradeBoostFX review explains that this investment program is a blatant scam that you have to stay clear of.

TradeBoostFX reviewTradeboostfx is a trading platform that will allow you to trade cryptocurrencies and currencies on Forex.

Profex Trade is also a trading platform, it has Forex, binary options and contracts for difference (CFD).

The main feature of both platforms is the investment plans that allegedly will earn you up to 400% per day. But not so fast…

Profex Trade and TradeBoostFX scam

Profex Trade reviewThe reason why we are reviewing Profex Trade and Trade BoostFX at the same time is that both these services are obviously the same, run by the same people, they are the same scam.

And we didn’t have to go into details to find this out. We just had to look at the investment plans with daily returns up to 85% and 400% respectively.

We have to repeat a simple truth: no legitimate business in the world can generate daily profits in tens of percent, let alone hundreds. That is a hard fact.

This means that if any service like Trade Boost FX or Profex Trade is offering this kind of returns, it is a scam, there simply is no other possibility.

Illegal services

TestimonialTradeBoostFX and Profex Trade really are poor scams, because they both give a UK company registration number that belongs to some other company.

Also, they both give only US addresses, which makes no sense, since they claim to be located in the UK.

The most important thing is that neither Trade BoostFX or Profex Trade are licensed to provide investment services in any country, which means they both are operating illegally.

How it works

ScamProfex Trade and Trade Boost FX are obvious scams that will just take your money and that will be it. We think they don’t even try to run Ponzi schemes, because even this type of scam scheme would unsustainable for them.

So, unless you have too much money and you need to get rid of it, don’t even register at Profex Trade or Trade Boost FX.

Trade Boost FX and Profex Trade review conclusion

Profex Trade and Trade Boost FX are illegal investment services and scams, stay away from them.

If you are looking into financial trading, you can try it on a free demo with a regulated broker to see if it is something you could succeed in.

If you decide to invest real money, be sure to understand the risks first.

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BEWARE of Dynamic Trend Trader – review https://thebestbinaryoptionsbrokers.net/beware-of-dynamic-trend-trader-review https://thebestbinaryoptionsbrokers.net/beware-of-dynamic-trend-trader-review#respond Mon, 25 Nov 2019 09:52:14 +0000 https://thebestbinaryoptionsbrokers.net/?p=11793 In this Dynamic Trend Trader review we explain why should be skeptical when it comes to this Forex indicator.

Dynamic Trend Trader reviewDynamic Trend Trader supposedly is a powerful trading system that will indicate you when to enter and when to possibly exit Forex traders. It has the form of an indicator for the Metatrader platform.

It allegedly will work with any market and chart (time frame) and pull profits. Nothing short of a miracle, and it cost only $97.

Beware

Tricks and gamesWe are experienced traders and we can say that we have never seen any system that would work on any market and any time frame. We strongly believe that such a system simply cannot exist.

The idea of an indicator that you will buy, and it will make you rich is in our opinion utopia. Let us explain why.

First of all, automated trading systems tend to have the need to be adjusted over time, because nothing works forever.

Secondly, when you have a profitable system, a lot of people using it would ruin its performance, because it would move the entry price to much and stop losses would become exploitable by big players.

Last but not least, when you have a profitable system that makes you money, you don’t sell it for $100, $1,000 or even $10,000, simply because you will make more by using it and you won’t have to bother with setting up all the selling.

Crucial details

Terms and conditionsDynamic Trend Trader shows you pictures of charts with clear price trends and how it picks them almost all. Only scammers pretend they can pick all the trends and stay away from sideways markets.

You have to read the terms and conditions, because you will learn that everything presented by Dynamic Trend Trader is just simulation and backtests, no real trading results.

Dynamic Trend Trader review conclusion

We are persuaded that Dynamic Trend Trader cannot deliver the performance it suggests on its website, we recommend staying away from it.

No cheap system will bring you sustainable profits, you have to learn trading and build an adaptable strategy. You have to build it on a demo account and then carefully verify it in real trading.

Never forget that in trading you can make, but also lose money, so proceed with caution.

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MONSTER SCAM: FidelityGain review https://thebestbinaryoptionsbrokers.net/monster-scam-fidelitygain-review https://thebestbinaryoptionsbrokers.net/monster-scam-fidelitygain-review#comments Fri, 22 Nov 2019 14:47:11 +0000 https://thebestbinaryoptionsbrokers.net/?p=11787 This Fidelity Gain review is a warning against both the broker and the investment program.

Fidelity Gain reviewFidelityGain has two websites, one is offering brokerage services, the other cryptocurrency investment services.

The broker will let you trade currencies, stocks and cryptocurrencies. The minimum deposit is $500.

The investment program has three plans with 30% daily returns. Can you believe it?

FidelityGain scam

There is one thing we would like to make clear right at the beginning of this review, FidelityGain is a scam.

Unauthorized broker

Let’s start with the FidelityGain broker. It doesn’t provide any address, which already is a huge red flag. Our research has shown that the broker is not registered anywhere, it is unregulated.

It means that it cannot operate legally in most countries of the world. With unregulated brokers deposits are not protected, this is a fact that you have to bear in mind.

Illegal and scam investment service

FidelityGain investment scamThe FidelityGain investment service is an obvious scam too. You have these absurd plans with up to 30% daily returns, which means 900% monthly, which is absolutely insane and impossible to achieve in real trading.

Then you have the fact that again, FidelityGain is not registered nor licensed anywhere. It provides a link to a registration page of a UK company of a different name that has already been dissolved.

FidelityGain is an unauthorized and therefore illegal investment service.

How it works

It is obvious that Fidelity Gain is a pure scam that will just take your money and give you nothing. This is valid for both the broker and the investment service.

Not only the investment plans are totally unreal, the company also lies about its registration, which proves that it is a total scam.

Fidelity Gain review conclusion

Stay away from FidelityGain, because it is an illegal investment service and broker with scam investment plans!

For investing and trading you should always use regulated brokers. We suggest starting on a demo account and trying everything the safe way with virtual money.

Forget about big daily returns, it’s pure fiction that only scammers are willing to offer.

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GROSS SCAM: Green Millions review https://thebestbinaryoptionsbrokers.net/gross-scam-green-millions-review https://thebestbinaryoptionsbrokers.net/gross-scam-green-millions-review#respond Thu, 21 Nov 2019 15:18:58 +0000 https://thebestbinaryoptionsbrokers.net/?p=11780 This GreenMillions review will once and for all prove that this trading program is a scam.

Green Millions is an online program which motto is that making money has never been that easy. They ask you to sign up and they promise to guide you through everything so that you start making money on financial markets, especially thanks to cannabis stocks.

They say that stocks of these companies are rising and will continue to so, so you can take advantage of it and make money. Really?

GreenMillions scam

GreenMillions reviewIt is our sad duty to inform you that Green Millions is just a scam that won’t make you any money.

In fact, it is an old scam reborn with a new name. We have already reviewed it many times, when it was called for example Golden Profit, Cannabis Craze or Cannabis Profit. You will find the proof on our picture.

What about cannabis stocks? Well, according to Yahoo stats, one year returns is negative: -9.72%. As you can see, GreenMillions is full of lies, this sector is certainly not a sure bet, globally you would have lost money in the last year.

How it works

GreenMillions scamOK, so now we know that cannabis stocks are not a miraculous asset that could make you a millionaire overnight, but how will scammers get your money if they say their Green Millions program is free?

Well, in reality it is not free. When you sign up, they will automatically create a trading account with an unregulated broker on your behalf.

Then they will say that if you want them to make you money, you first have to deposit yours with that unregulated company they have chosen for you.

Now you can probably guess that you should not do it, because they would just keep your money and claim that you lost everything in trading.

And that’s it, Green Millions uses lies to persuade you to deposit with a shady broker so that they can share money they steal from you. As simple as that.

Green Millions review conclusion

Don’t invest any money with GreenMillions, because it is a scam designed to steal your money.

If you want to make money in financial trading, start on a free demo account with a regulated broker and build yourself a proper and profitable strategy.

Only when you have your strategy ready and you understand the risk you can contemplate trading with real money.

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