TBBOB https://thebestbinaryoptionsbrokers.net Fighting online scams since 2013 Wed, 15 May 2019 12:39:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.2 STRAIGHT SCAM: Bitcoin Stream review https://thebestbinaryoptionsbrokers.net/straight-scam-bitcoin-stream-review https://thebestbinaryoptionsbrokers.net/straight-scam-bitcoin-stream-review#comments Sat, 18 May 2019 07:40:55 +0000 https://thebestbinaryoptionsbrokers.net/?p=10999 Bitcoin Stream reviewIn this review we have a look at a new cryptocurrency scam called Bitcoin Stream.

The website of Bitcoin Stream says that it is a trading group that uses innovative technologies to provide crypto trading services.

Currently there are four investment plans with 30% returns after 12, 10, 6 or 3 days. This means that the best plan is supposed to bring you 300% returns on your investment per month. Does is sound real?

Bitcoin Stream scam

Bitcoin Stream scamThe reality is that Bitcoin Stream is a simple investment scam, nothing more, nothing less.

We can say it with certainty because 300% per month is an absolutely ridiculous number that is impossible to achieve in the legitimate business world.

Only scams offer tens or hundreds of percent per month, because their only aim is to get your money and enrich the owners.

Bitcoin Stream has a typical Ponzi structure. They collect money through deposits and use some of this money to pay out first profits. This way people may fall under the illusion that it is a legitimate and working program.

But it is not. They just want as many people as possible depositing money into the system, so that they accumulate more money. As soon as they have enough, or when the system is no longer able to sustain withdrawal requests, they will close it down and run away with all the money that is remaining.

Some people say that you can invest into these Ponzis if you know how they work, but we strongly disagree. Because if you manage to pull out some profits before the system collapse, your profits will be somebody else’s losses.

In other words, some people have to get scammed, so that a few people can get some profits, which is utterly wrong.

Conclusion

Bitcoin Stream is a scam that is designed to scam people and to collapse after a certain time. Stay away from it!

If you want to try real financial trading to see if you can make money in it, start on a free demo with a regulated broker.

Don’t quit the demo for real trading unless you have a good strategy and you know what you are doing.

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STUPID SCAM: Bitcoin Boom review https://thebestbinaryoptionsbrokers.net/stupid-scam-bitcoin-boom-review https://thebestbinaryoptionsbrokers.net/stupid-scam-bitcoin-boom-review#respond Thu, 16 May 2019 15:11:39 +0000 https://thebestbinaryoptionsbrokers.net/?p=10993 Bitcoin Boom reviewIn this review you will see that the Bitcoin Boom program won’t make you any money, it is made to lose yours.

Bitcoin Boom supposedly is an automated trading program that will make you money with bitcoin. They say that you can easily earn $1000 in less then a few hours just by doing a few clicks, because everything works on autopilot.

You can get the program for free, but not really, so you have money to lose.

Bitcoin Boom scam

Bitcoin Boom scamAt first sight Bitcoin Boom is a scam. You might have noticed in their video that two other systems are mentioned, Crypto System and Liberty BTC. And this is not a coincidence, because Bitcoin Boom is a copy of these scams.

You can see on our picture that their websites are the same, they even use the same video and don’t bother to change the graphics. This is why all three names are featured throughout these scams.

Since these scams have been around for a long time, there is a lot of real testimonials about them and we can safely say they all are negative. People have lost a lot of money with these programs like Bitcoin Boom, you won’t find any real positive review.

How it works

Now let us explain how Bitcoin Boom works. They claim the system is free, but when you sign up, you will be told that you have deposit at least $250 with a broker they have chosen for you.

This broker will be unregulated, scammers have partnered with it to separate you from your money. If you deposit money with them, not only you won’t earn anything, you will also lose your deposit. They won’t let you withdraw anything.

All you can expect are aggressive calls to deposit more money. They will promise huge profits, but in reality, you will just be sending them your money, you will get nothing back.

Conclusion

Bitcoin Boom is an absolute scam, don’t deposit any money with them, if you don’t want to lose it.

If you want to try real bitcoin trading, start on a free demo with a regulated broker to see if you are able to get profits.

If you decide to trade with real money, be careful, because the price can go either way.

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VIOLENT SCAM: ShotoBTC review https://thebestbinaryoptionsbrokers.net/violent-scam-shotobtc-review https://thebestbinaryoptionsbrokers.net/violent-scam-shotobtc-review#respond Wed, 15 May 2019 12:37:47 +0000 https://thebestbinaryoptionsbrokers.net/?p=10985 Shoto-BTC reviewBeware, Shoto-BTC is an investment scam that is lying in everything, you have to avoid it.

The webpage of ShotoBTC says that it is a cryptocurrency trading service that will make you between 4.7% and 5.2% daily, which is roughly 150% per month.

So, you allegedly will be able more than double your investment per month, which is a crazy statement.

ShotoBTC claims to be online for 2491 days, which is almost seven years. Really?

Shoto-BTC scam

Fake statsLet’s start with the stats that we have just mentioned, they are completely fake. ShotoBTC doesn’t exist for seven years, in fact, it has been around for only one year maximum.

As you can see on our picture, the domain has been registered one year ago, the site might be online for an even shorter period of time.

Impossible returns

ShotoBTC scamMaking consistent daily returns in crypto trading is impossible, because markets don’t always behave the same. It certainly is not possible to make 5% per day, this number is pure fiction.

Any program offering you steady daily returns, be it five, one or any other percent, is a scam. The same applies for monthly returns in tens or even hundreds of percent.

This is a quick way to judge any offer, just look at the returns. Numbers that are this high are always a confirmation of a scam.

No licence

We also have to remind you that investment programs have to be licensed by regulators. If you want to collect money from the public and invest it, you need to be regulated.

ShotoBTC is of course not regulated, it is an illegal financial scheme, a pure scam.

Conclusion

Shoto-BTC is a scam, not an investment program, don’t put any money into it!

If you want to try real cryptocurrency trading, do it on a free demo account to learn how it works.

Don’t invest real money until you understand the risks and have a proper trading strategy.

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BRUTAL SCAM: ZikHash review https://thebestbinaryoptionsbrokers.net/brutal-scam-zikhash-review https://thebestbinaryoptionsbrokers.net/brutal-scam-zikhash-review#respond Tue, 14 May 2019 15:04:55 +0000 https://thebestbinaryoptionsbrokers.net/?p=10981 ZikHashRead this article to understand why you absolutely should not invest any money with Zik Hash.

ZikHash is presented as a platform for cloud cryptocurrency mining. This service allegedly mines ten cryptocurrencies, bitcoin, litecoin, dogecoin, ether and zcash being some of them.

The calculator on the website shows that you allegedly can earn 1.8% per day on your investment, 54.54% per month and 663.63% per year. Is it real?

ZikHash scam

Mining plan is unrealNo, the offer of ZikHash is not real, because it is a scam. This is not a cloud cryptocurrency mining service, in fact, they don’t do any mining at all.

It is obvious just by looking at the numbers, currently there is no way of making 54% per month in mining, it is impossible because of the ration between mining costs and crypto prices.

Currently, crypto mining is barely profitable, so anybody who is offering tens of percent per month from mining is a scammer.

A true mining company will have a price list where you can see how much you have to pay for a certain mining power and there will be no promise of daily earning, because crypto price and mining difficulty are changing over time, so it is impossible to plan profits.

Plus, a true mining company will show you proofs that it really has hardware at its disposal so you can see that you are renting some true hash power.

ZikHash has noting, no hardware, it does no mining, it’s just a simple scam. It very probably works as a Ponzi scheme, it just plays around with deposits until the system fails and money disappears. It is an illegal financial game.

Conclusion

Stay away from ZikHash, because it is a scam that has nothing to do with real crypto mining!

It is almost impossible to make money in mining nowadays, but you can try crypto trading instead. Start on a free demo to see how it works.

Should you decide to trade with real money, be sure to first understand the risks.

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DIRTY SCAM: El-Terro review https://thebestbinaryoptionsbrokers.net/dirty-scam-el-terro-review https://thebestbinaryoptionsbrokers.net/dirty-scam-el-terro-review#respond Mon, 13 May 2019 15:48:15 +0000 https://thebestbinaryoptionsbrokers.net/?p=10974 EL-TERRO reviewRead this review to see that EL-TERRO is a dirty scam that has nothing to do with clean energy.

El-Terro claims to be a company that is investing in clean technologies that help to reduce CO2 emissions. The company doesn’t provide details about its activities, the main thing is their investment plans.

They claim that you can invest with them and get up to 2% daily on your returns, in other words 60% per month.

El-Terro scam

We are sad to say that El-Terro is a scam. It has nothing to do with real investing and clean energy. The website mentions just some generic news from the industry, but the truth is that El-Terro is not a real company.

Ridiculous plans

Unreal investment planShould it be possible to make 60% per month on your investment, everybody could stop working. Because it would mean you could multiply your money 281 times in a year with the compounding effect.

This means that you would need just $3558 to become a millionaire in one year. Does it sound real? Of course not! Because it is not real, it’s a scam.

Illegal offer

Unauthorized companyEl-Terro is focused on investment services, and since it is a UK company, it has to have a licence from the Financial Conduct Authority.

But El-Torr is in fact just a registration, not a real company, it has no licence whatsoever, it is providing illegal investment services.

How it works

It seems that EL-TORRO was conceived as a Ponzi scheme, it is just using money deposited into the system for a new distribution to people who came earlier.

Such a scheme always fails quickly, because withdrawal requests quickly exceed deposits. So, it is always a bad idea to enter these illegal financial games.

Conclusion

El-Terro is a scam, not a real investment opportunity, it will implode very quickly, stay away from it!

If you want to try genuine financial trading, start on a free demo account with a regulated broker.

Learn the basics, build a strategy, understand the risks and then you can start investing real money.

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WARNINGS about Oasis Global FX, Blanc and Beaufort Brokerage and other services https://thebestbinaryoptionsbrokers.net/warnings-about-oasis-global-fx-blanc-and-beaufort-brokerage-and-other-services https://thebestbinaryoptionsbrokers.net/warnings-about-oasis-global-fx-blanc-and-beaufort-brokerage-and-other-services#respond Fri, 10 May 2019 14:06:54 +0000 https://thebestbinaryoptionsbrokers.net/?p=10971 Regulators from the United Kingdom and Belize published a series of warning about unregulated services.

The Financial Conduct Authority has warned the public against the following investment or financial services that are offered to the public without the necessary authorization:

  • Blanc and Beaufort Brokerage
  • ZAI Finance
  • PBH Invest
  • Asset Life

Belize’s regulator IFSC has informed the public about the licence Oasis Global FX being suspended, the reason for this measure being the fact that this broker is part of Ponzi scheme, according to the US regulator CFTC.

For trading use regulated brokers only.

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BEWARE of Four Figure Forex – here is why https://thebestbinaryoptionsbrokers.net/beware-of-four-figure-forex-here-is-why https://thebestbinaryoptionsbrokers.net/beware-of-four-figure-forex-here-is-why#respond Fri, 10 May 2019 09:18:30 +0000 https://thebestbinaryoptionsbrokers.net/?p=10964 Four Figure Forex websiteFind out in this Four Figure Forex review why you should not buy this trading system from William Tan.

Tan says that his For Figure Forex system can make you a profitable trader and earn consistent 4-figures in Forex. His system allegedly will use tight stop losses so that you don’t risk much and then let the big winners run.

Sounds pretty much like a dream trading system, doesn’t it? And Tan is selling it just for $47.

Stay away from Four Figure Forex

Alleged features of the systemThe sad truth is that you should always be very skeptical towards free or cheap trading systems that promise you big profits.

You will certainly agree that it doesn’t make any sense to sell a system that allegedly can generate 4-figure profits for just $47. Why would anyone sell such a system instead of using it and making money with it?!

Forex trading is not easy. People who have profitable trading systems use them to get rich, they don’t reveal or sell their secrets for a few bucks.

In Forex you cannot buy a bright financial future for $47, that’s not how trading works.

No refunds

Warning - no refundsThe big red flag that you should not miss with Four Figure Forex is the fact that the seller refuses to give any refunds.

If he is so sure that you will make tons of money with his system, why he refuses to have a guarantee?

Clone

To us it is a clear indication that his system is not profitable, because if it was, he would offer some kind of protection to the buyer.

Lately we’ve seen dozens of trading system of this kind, their web pages are very similar, and they offer no refunds. Should there be that much profitable and cheap Forex trading system, there would be no need to go to work, we all would be rich.

Conclusion

We are pretty sure that Four Figure Forex is not a profitable trading system, and since refunds are not possible, we recommend not buying it.

The best way to make profits in trading is to test and learn until you understand everything and have a profitable strategy. You can start on a free demo account and build up.

If you later decide to trade with real money, be careful and responsible.

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BRUTAL SCAM: Moni Finex review https://thebestbinaryoptionsbrokers.net/brutal-scam-moni-finex-review https://thebestbinaryoptionsbrokers.net/brutal-scam-moni-finex-review#respond Wed, 08 May 2019 09:13:37 +0000 https://thebestbinaryoptionsbrokers.net/?p=10957 Moni Finex is a scamSee proofs in our review that Moni Finex is a total scam that can only lose your money.

MoniFinex supposedly is one of the biggest cryptocurrency investment companies in London. It offers several investment plans: Silver, Gold and Platinum with daily returns on investment between 1.5% and 2%.

This means that you allegedly can make 60% per month with this company. Should you believe it?

Moni Finex scam

Investment plans are laughableNo, you should not believe anything that has been said and claimed by Moni Finex. It is a very obvious scam.

If you believe that any company can make you 60% per month in a legitimate way, you are in big trouble. Because it really is not possible.

Cryptocurrencies can be very volatile, but making steady daily returns is impossible. 60% is totally ridiculous and a proof that Moni Finex is a scam. You don’t even need to look for testimonials and reviews from other users, you just need basic economic knowledge.

Fake company

The company is not regulatedThe fake CEO of Moni Finex, Mr. Moni Micha, claims that he has been working for the company eight years. But as you can see on our picture, the company exists for only about half a year. The entire video is a very poorly staged piece with paid actors.

The most important thing though is that Moni Finex is providing investment services, which in the UK requires a licence from the Financial Conduct Authority (FCA).

But Monifinex of course is not regulated by the FCA, it has no authorization whatsoever, so it is an illegal investment service.

How it really works

Moni Finex is a scam, that is for sure. The only question is how they operate. They start by collecting deposits from the general public.

Then they might use some of this money to pay out some first profits to make it look like a working system. Behind the scenes there is no real business, no real economic or trading activity, just an illegal money game.

Once the scammers have enough, they will shut down the system and run away with all the money left in the system. This is how these schemes always end, they can last for a few days, weeks or even months, but they don’t make it through the first year.

Conclusion

Beware, Moni Finex is a total scam, an illegal financial game that you have to stay away from!

Real cryptocurrency trading is a thing that you can try risk free on a demo account with a regulated broker.

If you decide to trade with real money, be careful and understand all the risks.

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RIDICULOUS SCAM: Trade Uber review https://thebestbinaryoptionsbrokers.net/ridiculous-scam-trade-uber-review https://thebestbinaryoptionsbrokers.net/ridiculous-scam-trade-uber-review#respond Tue, 07 May 2019 08:50:51 +0000 https://thebestbinaryoptionsbrokers.net/?p=10944 Trade Uber website reviewThis review confirms that Trade Uber is a scam that cannot make you any money, it is just a false promise.

The website of the Trade Uber investment program says that you should invest into Uber, because the stock price will go up and you will multiply your capital.

All you have to do is to sign up and you will get expert advice on this opportunity of lifetime, they say.

Trade Uber scam

Thi IPO hasn't happened yetTrade Uber is really a ridiculous scam. The website admits that the Initial Public Offering (IPO) of Uber’s shares is yet to happen, so you know that now you cannot invest into Uber, it is not possible!

But they still say you should sign up now and start investing. This proves that it is a scam, that has a hidden agenda that we will explain later. When will Uber’s IPO happen? The date is not known, it hasn’t been decided yet.

Cloned scam

Comparison of scamsTrade Uber is in fact just the latest addition to a scam series that we have been monitoring for the last few months.

As you can see on our picture, Golden Profit, Cannabis Craze or Market Master are virtually the same programs, the same scams.

The only difference is that they promote investing into different assets, like gold, but every time they say that it is the biggest investment opportunity of your lifetime, like Trade Uber does.

Investing in Uber?

The Uber’s IPO will happen some time in the future. But you should know there are no guarantees that the stock price will go up. Do you remember Facebook’s IPO? Right after it the price went down, and it took more than one year to recover and go higher.

Moreover, Uber have admitted that they may never be in profit, which is not a good outlook for stock investors…

How it really works

They want your moneyAll these scams have a hidden agenda. They want you to sign up with a certain unregulated broker that they have partnered with. In our case it was Olympus Markets.

Why? Because they will get paid by this broker for every depositor they can refer. This is how they make money. And because the broker is unregulated, you can be sure that if you make a deposit, you will never see your money again.

So, the story about Uber is just a tool to persuade you that you can get rich with them, so that you deposit money with them. This is how they get and keep your money, all these scams work the same way.

Conclusion

Trade Uber is a ridiculous scam, because right now it is not even possible to trade Uber. Stay away from it!

If you want to try financial trading and maybe speculate on prices of other companies, do it first on a free demo with a regulated broker.

You have to learn certain things before you can contemplate investing with real money.

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MISSING PROOF: Forex Breakout Bot review https://thebestbinaryoptionsbrokers.net/missing-proof-forex-breakout-bot-review https://thebestbinaryoptionsbrokers.net/missing-proof-forex-breakout-bot-review#respond Mon, 06 May 2019 09:08:08 +0000 https://thebestbinaryoptionsbrokers.net/?p=10938 Forex Breakout BotWe review the Forex Breakout Bot and conclude that something is not adding up with this system.

Forex Breakout Bot is a Forex trading system that will trade sudden changes of price momentum and levels, in other words price breakouts.

It allegedly will revolutionize your trading success in just 30 days. The price of this system is $77. Is it worth it?

Beware of Forex Breakout Bot

The usual remark we have to do here is that Forex Breakout Bot is an anonymous trading system provided by somebody who certainly is not licensed to sell trading systems.

Our opinion is that since the system can trade for you automatically, it is an investment service that needs to be licensed. Check it with your national financial regulator.

Proofs?

No proofBut the thing that caught our attention the most is the claim that the results of Forex Breakout Bot are proven.

Where are the proofs? They show a screenshot from MyFXbook, but the problem is that there is no trading system of this name (only Forex Breakout Bot2 and Forex Breakout Bot3) active on MyFXbook.

So, either the proof is fake, or the robot was deleted because of bad results. In any case it is a big red flag that says a lot about the honesty of the seller.

All in all, there is no proof that Forex Breakout Bot is working. And to be honest, we have never seen a trading system that is free or that costs a few tens or hundreds of dollars that would be profitable.

And it is only logical, because when you have a profitable system that can make you very rich, you don’t sell it to the public for a few bucks. The first reason being that the more people use the same trading system, the more it becomes vulnerable.

Conclusion

The alleged proof that Forex Breakout Bot is profitable is fake, therefore we recommend staying away from this trading system.

Stop searching for ready-made systems that will make you rich. Trading is about learning and building your own profitable strategy, it requires you to acquire certain skills. You can try it on a free demo account.

Also, realize that in trading you will have both profits and losses, so be careful with your money management.

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