TheBestBinaryOptionsBrokers.net https://thebestbinaryoptionsbrokers.net Fighting online scams since 2013 Mon, 10 Dec 2018 10:08:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.0 Atlantic Finance Partners is a scam, warns the FMA https://thebestbinaryoptionsbrokers.net/atlantic-finance-partners-is-a-scam-warns-the-fma https://thebestbinaryoptionsbrokers.net/atlantic-finance-partners-is-a-scam-warns-the-fma#respond Mon, 10 Dec 2018 10:08:44 +0000 https://thebestbinaryoptionsbrokers.net/?p=10006 The Financial Markets Authority from New Zealand has warned about a new investment scam.

Atlantic Finance Partners is a company that offers investment services. It says that it is based in the USA, but very likely it is not true.

In any case Atlantic Finance Partners is not regulated. Moreover, the FMA noted that it is a scam because it is offering investments in shares that are not legitimate and that it is providing false broker credentials.

For trading use regulated brokers.

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GARBAGE SCAM: Trend Mystery review https://thebestbinaryoptionsbrokers.net/garbage-scam-trend-mystery-review https://thebestbinaryoptionsbrokers.net/garbage-scam-trend-mystery-review#respond Mon, 10 Dec 2018 09:04:09 +0000 https://thebestbinaryoptionsbrokers.net/?p=9999 Trend Mystery official websiteIn this review we present proofs that Trend Mystery of Karl Dittman is a scam.

Trend Mystery is a trading software that generates Forex trading signals. If you execute them on your account, you allegedly will make money.

According to Dittman, the signals are “highly profitable”. The software costs $147. Is it worth it?

Trend Mystery scam

Unfortunately, Trend Mystery is just a scam that can only lose your money. The software is a piece of crap.

Karl Dittman is a scammer

Karl DittmanThe name Karl Dittman is well-known in this space, because he keeps flooding the market with new trading systems. The problem is that none of them works.

And Ditmann knows it. He does not even bother to create new presentations, it’s all the same. Plus, Dittman in fact does not even exist, it is a fictitious character. Check our picture to see a proof.

Copycat scam

A cloned scamAs we already mentioned, Dittman keeps creating new trading systems, but they all are the same. As you can see on our picture, Trend Mystery is just a new name for the same crap, in the past it was called Scalping Detector, Fibo Quantum or FX Atom Pro.

The way signals are generated might slightly differ, but they never work, because Trend Mystery is a scam.

The truth

Do you want to know how Dittman makes money? He sells his losing software for money and he knows that not all people will ask for a refund.

Everybody will see that his Trend Mystery software is losing, but not everybody will make the effort to ask for a refund. And this is how these scammers make money.

Conclusion

Trend Mystery is a scam from an infamous scammer. Stay away from it!

No software that cost a few bucks will make you rich. If you are serious about trading, learn and practice on a demo account until you manage to build a profitable strategy.

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BASIC SCAM: Ethereumink review https://thebestbinaryoptionsbrokers.net/basic-scam-ethereumink-review https://thebestbinaryoptionsbrokers.net/basic-scam-ethereumink-review#respond Fri, 07 Dec 2018 16:42:39 +0000 https://thebestbinaryoptionsbrokers.net/?p=9992 Ethereumink websiteThis Ethereumink review explains why you should stay away from this investment program.

Ehtereumink is supposed to be a trading company focused on cryptocurrencies. The platform offers up to 2.5% hourly returns on investments.

Can you trust it?

Ethereumink scam

Plans are fakeThe first thing you should have a look at is the numbers. 2.5% hourly means 600% per day. This means that you would multiply your money six times in a day.

Does it sound real? Of course not! This is a totally ridiculous offer that cannot be taken seriously. It obviously is a scam that will collapse and disappear as quickly as it appeared.

Fake company, fake testimonials

Company does not existThe Ethereumink’s webpage is full of lies. For example, Ethereumink is not a real company. There is no company of this name in the Companies House register in the UK.

The certificate is obviously fake. Besides, there is no Ethereumink company registered with the FCA to provide investment services, so it is an illegal service.

Another thing, the testimonials you can see recommending this program are fake too, they were fabricated with stock photos.

Conclusion

Ethereumink is a scam that is going to lose money, stay away from it!

If you are interested in real cryptocurrencies trading, try a free demo account with a regulated broker.

Remember that in trading you can make, but also lose money, so be responsible.

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FCA warns against Digital Gold Xchange https://thebestbinaryoptionsbrokers.net/fca-warns-against-digital-gold-xchange https://thebestbinaryoptionsbrokers.net/fca-warns-against-digital-gold-xchange#respond Fri, 07 Dec 2018 10:38:07 +0000 https://thebestbinaryoptionsbrokers.net/?p=9990 Financial Conduct Authority from Great Britain published a warning about Digital Gold Xchange.

At first glance Digital Gold Xchange seems to be a cryptocurrency exchange. But the terms and conditions reveal that trading is indirect, traders do not enter into possession of the tokens.

The trading is not direct, it occurs via contracts for difference (CFD). Therefore, Digital Gold Xchange is a broker that needs a licence in order to operate legally. But as the FCA noted, the broker is not regulated at all.

Since it also provides a fake Swiss address, Digital Gold Xchange is very probably a scam.

For trading use regulated brokers.

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OBVIOUS SCAM: WinProBot review https://thebestbinaryoptionsbrokers.net/obvious-scam-winprobot-review https://thebestbinaryoptionsbrokers.net/obvious-scam-winprobot-review#respond Thu, 06 Dec 2018 14:57:24 +0000 https://thebestbinaryoptionsbrokers.net/?p=9979 WinProBot websiteIn this review we show that WinProBot is a scam, not a profitable tool that you should use.

Win Pro Bot is supposed to be a trading app that will win 99.4% of trades. It trades financial markets like Forex. The alleged advantage of the software is that it is quick and ahead of the markets.

The trading software allegedly has won awards, but still is free. Really?

WinProBot scam

We’ve been saying it for years, free robots that promise you big gains are all scams. If something earns money, it is not distributed for free. That’s just economic reality.

And when you see that a robot is supposed to win 99.4%, you can also be sure that it is a scam, because no robot or trading system can win that much. It is impossible in financial markets.

Fake testimonials

Testimonials aren't realA clear proof that WinProBot is a scam is in the testimonials. They are totally fake.

As you can see on our picture, stock photos have been used, these people are not real users of the robot.

Illegal software

Another point that we have to make is that WinProBot is an illegal software in most countries. Because a trading robot is considered to be an investment service, or investment advice.

So, in order to publicly offer it you need a licences form national regulators. But this software is anonymous and unregulated.

How it really works

All the scams of this kind work the same way. When you register, you will be told that you have deposit money with a certain unregulated broker to be allowed to start using the robot.

And this is how they get your money. If you make the deposit, you will never see it again.

Conclusion

WinProBot is a scam, it won’t earn you any money, it is made to take your deposit and lose it.

If you are interested in making money in financial trading, start learning on a demo account with a regulated broker.

You have to build your own profitable strategy before you can start investing real money.

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FCA warns against scam brokers Easy FX Trade and FC Coin https://thebestbinaryoptionsbrokers.net/fca-warns-against-scam-brokers-easy-fx-trade-and-fc-coin https://thebestbinaryoptionsbrokers.net/fca-warns-against-scam-brokers-easy-fx-trade-and-fc-coin#respond Thu, 06 Dec 2018 08:35:19 +0000 https://thebestbinaryoptionsbrokers.net/?p=9977 UK’s Financial Conduct Authority has exposed two unregulated brokers that are lying about their identity.

The culprits are Forex brokers Easy FX Trade a FC Coin. They claim to have offices all over the world and to be regulated in the UK by the FCA.

But it is not true, Easy FX Trade and FX Coin are not regulated, they just show details of another broker (Hantec Markets) that has nothing in common with them.

The FCA has also place on its black list two other investment companies: City Global Trading and Blooming Finance. They are not authorized to provide investment services.

For trading use regulated brokers.

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DANGEROUS SOFTWARE: Automated Crypto System review https://thebestbinaryoptionsbrokers.net/dangerous-software-automated-crypto-system-review https://thebestbinaryoptionsbrokers.net/dangerous-software-automated-crypto-system-review#respond Wed, 05 Dec 2018 15:23:55 +0000 https://thebestbinaryoptionsbrokers.net/?p=9969 Automated Crypto Software official websiteIn this review we explain why you should not use the Automated Crypto System for your trading.

Automated Crypto System is, as its name suggests, a trading robot, that can trade on autopilot for you. It trades not only with cryptocurrencies, but also traditional Forex currency pairs.

The robot allegedly is profitable even in the automatic mode and it is free. Can this free robot can really make you money?

Automated Crypto System is fishy

Unlikely featuresFirst of all, how probable is that a free software generates money? What sense would it make? What is the motivation behind it?

All these right questions obviously lead to a probable conclusion that Automated Crypto System won’t make you any money. If free robots were profitable, nobody would be working, and the economy would collapse. That’s just common sense.

Illegal robot

Cannot trust itWe say it all the time, when a software is supposed to trade on your behalf and make you money, it is a service that is considered as investment advice in most countries and it has to have a licence from national regulators in every country it is targeting.

But Automated Crypto System has no licence whatsoever, it allegedly is provided by a company from Vanuatu, which makes it pretty much anonymous. It is not regulated, therefore the software is illegal in most countries.

You have a lot to lose

You have to deposit firstYou have to realize that Automated Crypto System is not really free. Because even if you don’t have to pay for the software itself, you won’t be allowed to use it until you deposit at least $250 with a broker that you cannot chose.

In other words, you will be forced to immediately let it trade with real money, so if it is not profitable, you will immediately be losing your own money!

The truth

We can easily see the real motivation behind Automated Crypto System. People who created get paid by the brokers for referring new depositing clients. This is why they won’t let you try the system on a demo account, that would not earn them anything. And you would also see what the real results are.

Should Automated Crypto System be really profitable and free, they would let you try it on a demo to verify that it works, right?

Conclusion

Automated Crypto System is a shady and dangerous software, because it wants you to let it immediately trade with real money, while there is no proof that it is profitable. Stay away from it!

Prior to investing real money, you should always verify every strategy and trading idea on a demo account so that you don’t risk anything.

You first have to verify in tests that your strategy is working, only then you can use it for real trading.

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TradeBNP and Axe Invest are not regulated, regulators warn https://thebestbinaryoptionsbrokers.net/tradebnp-and-axe-invest-are-not-regulated-regulators-warn https://thebestbinaryoptionsbrokers.net/tradebnp-and-axe-invest-are-not-regulated-regulators-warn#respond Wed, 05 Dec 2018 10:22:57 +0000 https://thebestbinaryoptionsbrokers.net/?p=9967 Regulators from Great Britain and Australia have warned against two unregulated brokers.

The FCA from Great Britain has warned the public about the activities of the Forex and crypto broker TradeBNP.

Trade BNP claims to be located in the UK and to be regulated by the FCA. But it is not true, the broker is not regulated at all.

The ASIC from Australia has warned the public about the Forex broker Axe Invest. The broker is located in Marshall Islands, but is not regulated, it has no licence to offer investment services.

For trading use regulated brokers.

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BEWARE of Crypto Renegade – review https://thebestbinaryoptionsbrokers.net/beware-of-crypto-renegade-review https://thebestbinaryoptionsbrokers.net/beware-of-crypto-renegade-review#respond Tue, 04 Dec 2018 17:12:59 +0000 https://thebestbinaryoptionsbrokers.net/?p=9961 Crypto RenegadeIn this review we explain our skepticism in regard to the Crypto Renegade investing program.

Crypto Renegade is an investment service, it can automatically invest your money into a portfolio of cryptocurrencies. It in fact is a robot.

It allegedly was able to turn $5,000 to $83,460. It means more than 1600%. And the software cost $37.27.

Crypto Renegade problems

Crypto Renegade is a typical hindsight guru program. In the video Suzy tells you how much you could have made, if you bought coins xyz some time ago. Anybody can show you how cryptocurrencies appreciated in value last year.

Illegal robot

The first major problem is that Crypto Renegade is a robot. It will invest on your behalf. That means that it is an investment service. As such it needs a licence in every country it is targeting.

But Crypto Renegade is anonymous and unregulated. Therefore, an illegal service in most countries.

Another question you should ask yourself is this: Is it a good idea to let an anonymous robot to take control over your money on an exchange?

No performance

PerformanceThe funny thing is that people who created Crypto Renegade obviously don’t understand investing and trading at all.

Because if they did, they would not show you their chart, which by the way, is very probably fake anyway.

But even if it wasn’t, it shows basically the same performance as the rest of the market. Because the green curve has more or less the same shape as the other ones. This means that this year you would be losing money with it the same way or even more than with other cryptos, because the delta between the all time high and all time low is the biggest on the green curve.

So, there you have it, Crypto Renegade obviously is not a profitable software this year, investing in the top three coins would bring very similar results.

Fake pressure

Another cheap trick that Crypto Renegade is using is the countdown to a price increase. We’ve been watching it for two days and it is fake, the price of the robot never goes up. This is really a scam practice.

Conclusion

We are pretty sure that Crypto Renegade won’t make you the money it advertises, it for sure won’t make you 16,000% any time soon. We recommend staying away from it.

We believe the best thing in trading cryptos is your own learning and strategy building. You should do your own research, understand the markets and make your own trading decision. You can practice trading on a demo account with a regulated broker.

Profitable robots are not in the public domain for a few bucks, that’s the harsh truth.

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Platincoin, FXC Markets, Toroption a KayaFX on BaFin’s blacklist https://thebestbinaryoptionsbrokers.net/platincoin-fxc-markets-toroption-a-kayafx-on-bafins-blacklist https://thebestbinaryoptionsbrokers.net/platincoin-fxc-markets-toroption-a-kayafx-on-bafins-blacklist#respond Tue, 04 Dec 2018 15:37:51 +0000 https://thebestbinaryoptionsbrokers.net/?p=9959 The German financial regulator BaFin has added four problematic subjects to its black list.

The first warning concerns the crypto project Platincoin. The offer says you will be able to make money by minting new platincoins, meanwhile the presentation claims that this project was approved by the BaFin. However, it is not true, the regulator has not approved it in any way.

The other three warnings concern notoriously problematic brokers Toroption (binary options), FXC Markets (Forex) and KayaFX (Forex).

Neither of these brokers is regulated, they have no authorization to provide investment services or advice.

For trading use regulated brokers.

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