TBBOB https://thebestbinaryoptionsbrokers.net Fighting online scams since 2013 Thu, 16 Jan 2020 16:10:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Thunder Force Forex System review – this is a real SCAM https://thebestbinaryoptionsbrokers.net/thunder-force-forex-system-review-this-is-a-real-scam https://thebestbinaryoptionsbrokers.net/thunder-force-forex-system-review-this-is-a-real-scam#respond Thu, 16 Jan 2020 16:06:16 +0000 https://thebestbinaryoptionsbrokers.net/?p=11969 Read this review of Thunder Force Forex to understand why you should not buy this trading system.

Thunder Force ForexThunder Force Forex System is a script that will run in the trading platform Metatrader and tell you when you should take long or short positions on currency pairs and when to close them.

The system is supposed to generate 50 to 400 pips in profits each and every day, which would be pretty spectacular. Especially because it cost only $97. But is it true?

Tunder Forex Forex System is a scam

False promiseWe reckon you need some experience in trading to see it, but Thunder Force Forex is a scam at first sight. Because no trading system in the world can make 50 – 400 pips per day on a regular basis. Sometimes you can have one day like this, but certainly not every day, it just is not possible, trust us, we have been trading for 13 years.

There is also another angle that you can consider even without any experience in trading. You can easily do the math and see that with 50 to 400 pips per day you would be a millionaire within a year.

So, ask yourself this question: Would a system that can make you a millionaire in one year cost $97? Hopefully now you see how absurd the Thunder Force Forex System scam is.

Fake testimonials

Testimonials are fakeOne really tangible proof that Thunder Force Forex is a scam is in the testimonials you can find on the website of the system. Because they are totally fake.

As you can see on our picture, they used paid actors, these people are not real customers, it all is a big lie.

How it really works

Finally, let us explain in this review how fraudsters make money. They sell dreams and a system that doesn’t work.  The thing is, not everybody will ask for a refund when they realize they were scammed.

So, sellers of the Thunder Force Forex System will keep some of the money from sales and these will be their profits.

Conclusion

Thunder Forex Forex System is a scam, don’t buy it, it can only lose your money!

Profitable trading is a matter of learning and building your own profitable strategy. You can start on a free demo and build your way up.

Trade with real money only when you have a verified strategy and an understanding of the risks.

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BGFX scam review – stay away from this! https://thebestbinaryoptionsbrokers.net/bgfx-scam-review-stay-away-from-this https://thebestbinaryoptionsbrokers.net/bgfx-scam-review-stay-away-from-this#respond Wed, 15 Jan 2020 16:26:17 +0000 https://thebestbinaryoptionsbrokers.net/?p=11961 In this BGFX review we explain why this investment offer is not even worth considering.

Bitgenises reviewBitgenises (BGFX) claims to be an investment company that is very successful in cryptocurrency trading.

It offers investment plans to the public, with monthly returns ranging from 15% to 20%. There is also a referral program that can double your earnings, because you will get the same returns as people who you refer to the system.

This means that Bitgenises claim to be able to generate at least 30% to 40% monthly returns. Really?

BGFX scam

Investment plansA quick look at the numbers reveals that Bitgenises is a scam. No legitimate investment company will give you 100% percent of what your referrals will earn.

Also, 30% to 40% per month is something that no real investment company can do on a regular basis, world’s best investment fund will generate such returns in one year.

Illegal investment service

Company not licensedOne interesting thing is to look at the Bitgenises company, because it claims to be based in the United States. It means that it needs a license from regulators to be able to operate legally.

But there is no company of this name licensed in the US to provide investment service, therefore it is illegal. We sincerely doubt that BGFX is even located in the US.

How it works

In reality, BGFX has no trading algorithm, let alone artificial intelligence for arbitrage trading. You see, arbitrage trading requires no artificial intelligence, just quick trading between exchanges.

In fact, Bitgenises is doing no real trading at all, it obviously is just a scam scheme, a Ponzi scheme. This means that they do the opposite of what they say. They use money deposited into the system to play a dirty game.

Scams like this one often use some of the deposits for payouts to make it look like it is working. But it inevitably will run out of money soon and collapse monumentally, if it didn’t already happen. This the nature of programs like these.

BGFX review conclusion

BGFX is a dirty scam, it does no real crypto trading, it is just an illegal investment scheme. Stay away from it!

If you want to try real crypto trading, open a free demo account with a regulated broker and start testing with virtual money.

Only when you understand a risk and have a good strategy, you can start investing for real.

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POOR SCAM: Crypto Firm review https://thebestbinaryoptionsbrokers.net/poor-scam-crypto-firm-review https://thebestbinaryoptionsbrokers.net/poor-scam-crypto-firm-review#respond Tue, 14 Jan 2020 15:37:58 +0000 https://thebestbinaryoptionsbrokers.net/?p=11957 Thanks to our review of Crypto Firm you will see that this investment program is fraudulent.

Crypto FirmCrypto Firm is a company that claims to be trading cryptocurrencies. Strangely enough it doesn’t want to keep the profits for itself, so it is offering three investment plans for the public to make money.

You allegedly can earn up to 12% daily when investing with CryptoFirm. Really?

Crypto Firm scam

Investmen plans are a scamLet’s go straight to the point of this review, Crypto Firm is a scam that you have to stay away from. It is not a trading nor investment company, it is a pyramidal scheme that just wants to play dirty games with your money.

The first thing you have to understand is that it is impossible to make 12% daily in any legitimate business, cryptocurrency trading is not an exception to this rule. You can make 12% in one day from time to time, but it is absolutely impossible to make it every day. That’s reality.

Knowing this you can easily label most of the scams, because when any program is offering returns that are impossible to achieve, you know that it is fraud.

Illegal service

Let’s not forget that any company in the UK that wants to provide investment services has to be authorized by the Financial Conduct Authority, that is the law.

And Crypto Firm Ltd. is not authorized by the FCA, therefore it is breaking the law, it is an illegal investment service that offers no protection to clients.

Ponzi scheme

Finally, let us explain how Crypto Firm works. It obviously is a Ponzi scheme, a pyramidal game that is doing no real business, just playing with deposits. It will use some of the deposits for the first payouts, but as you can imagine, it will quickly run out of money, since it is not generating any real profits.

Ponzi schemes are destined to fail, and so is Crypto Firm. You should not invest with at all.

Crypto Firm review conclusion

Crypto Firm is a scam, it might run for a few days or even weeks, but it will collapse, and money will disappear. Stay away from it!

If you want to try real cryptocurrency trading to make money, fist start on a free demo account with virtual money to try everything risk free.

Don’t trade with real money until you understand the risk and have a good strategy.

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ONE OF MANY SCAMS: FX Profit Storm review https://thebestbinaryoptionsbrokers.net/one-of-many-scams-fx-profit-storm-review https://thebestbinaryoptionsbrokers.net/one-of-many-scams-fx-profit-storm-review#respond Mon, 13 Jan 2020 16:18:29 +0000 https://thebestbinaryoptionsbrokers.net/?p=11953 In this review we explain why you should not buy FX Profit Storm to trade currency pairs.

FX Profit Storm reviewFX Profit Storm is one of those Forex trading systems that promise to make you money in financial trading.

This system will provide you with buy and sell signals and allegedly make you up to 1000 pips per week in the process. All this for just one $37 fee. Does it sound real?

FX Profit Storm scam

FXProfitStorm testimonialYou have to realize that making thousands of pips per month would make a millionaire within one year, even with a small starting trading capital.

So, FXStormProfit want you to believe that you can become a millionaire within one year for $37. Do you now see how ridiculous the proposition is?

There are thousands of similar systems that promise the same thing, and they all are scams, of course. FXstormprofit is no different, it is just a piece of crap that was created yesterday and will disappear tomorrow.

Meanwhile its authors are already preparing lots of similar scam with different names. This has been going on for years on the internet, these scams keep popping up, which indicates that people are still falling for them.

They will feed you with fake testimonials and reviews, with stock photos and photos taken from old printed journals and magazines.

How it works

If you buy FX Profit Storm, you will soon see that it is a worthless system that is losing money. Everybody who buys it will see that.

But not everybody will ask for the refund they are entitled to. They will try it for longer than 60 day, they will try to make it work, they won’t want to believe they were scammed, etc.

And this is how these scammers make money, they sell crap and their profits is made of payments that are not refunded. As simple as that.

FXprofitstorm review conclusion

FX Profit Storm is scam, it cannot make you thousands of pips per month, stay away from it! There are no strategies that could make you thousand of pips every month.

To be profitable in trading, you have to build your own strategy, you have skills to acquire. You can try it on a free demo account to see if you are able to do it.

Forget about thousands of pips per month, every profitable month is a success.

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BASIC SCAM: Stable Crypto Capital review https://thebestbinaryoptionsbrokers.net/basic-scam-stable-crypto-capital-review https://thebestbinaryoptionsbrokers.net/basic-scam-stable-crypto-capital-review#respond Thu, 09 Jan 2020 16:46:08 +0000 https://thebestbinaryoptionsbrokers.net/?p=11949 In this StableCryptoCapital review we give you reasons not to invest with this program, which is a scam.

Stable Crypto Capital reviewStable Crypto Capital is described as a company that is trading cryptocurrencies on world’s leading exchanges. It allegedly achieves a level of profitability that allows it to offer investment plans to the general public.

The company promises up to 45% daily returns, which is huge, but is it true?

StableCryptoCapital is a scam

Investment plans are unrealLet’s focus in this review on the investment plans to prove that Stable Crypto Capital is a scam.

45% daily means 1000% per month, which is 10x of your starting capital. This number is so absurd that really everybody should know that it is absolutely unreal. There is no legitimate business on earth that could generate this kind of profits.

Therefore, the conclusion must be that StableCryptoCapital is a scam. It really is as simple as that. You should always be skeptical when somebody is offering you huge profits for free.

Illegal service

One important thing that we have to mention in this review is that Stable Crypto Capital is an investment service and as such it needs a license from a regulator.

But StableCryptoCapital is completely anonymous and unregulated, which means that it is an illegal investment service.

How it truly works

It is obvious that Stable Crypto Capital is running a Ponzi scheme. They collect money from people and might use some of it for first profits. But they don’t do any real trading, they don’t have any real profits, they just play an illegal and doomed game with money they get on deposits.

It is going to fail, if it hasn’t already happened, it is only a matter of time. This is why you have to stay away from it.

Conclusion

Stable Crypto Capital is a scam that can only lose money, avoid it at any cost!

If you want to earn money in crypto trading, start on a free demo account with a regulated broker, learn how it works and build a profitable strategy.

Before investing any real money, you have to be aware of the risks and have a good strategy.

 

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QUICK SCAM: Crypto Engine review https://thebestbinaryoptionsbrokers.net/quick-scam-crypto-engine-review https://thebestbinaryoptionsbrokers.net/quick-scam-crypto-engine-review#respond Tue, 07 Jan 2020 16:04:00 +0000 https://thebestbinaryoptionsbrokers.net/?p=11940 This particular Crypto Engine review reveals the truth about this online cryptocurrency trading project.

Crypto Engine reviewCrypto Engine is not very well defined, it is not a trading system, it is not a trading signals service, it is just a website that says that you can easily profit from cryptocurrencies if you sing up through it.

According to Crypto Engine bitcoin will soon rise again, so all you have to do is to invest a reap the rewards. They literally say that it is easy and free. So, do you have anything to lose? Unfortunately, yes.

Crypto Engine scam

Crypto Engine scamThe truth is that Crypto Engine is a pure scam. We can say it because they lie to you about cryptocurrencies. They show you the bitcoin chart but hide what happened in 2018 and 2019. They want you to think that bitcoin has been only rising, but it is not true.

The highest price occurred at the end of 2017 and since then the prices are lower. So, it is not true that you can invest any time and immediately profit. See our picture to see price action in last two years, it has been very mixed and certainly far from predictable.

The question is, why does Crypto Engine put all this effort into making you believe that crypto trading is a smooth ride? Because…

They want your money

Crypto Engine testimonialCrypto Engine cannot know what will happen with bitcoin or any other currency in the foreseeable future. But they want to make money, so they have agreements with some unregulated brokers and they get paid for referring new depositors.

They will push you to deposit with an unregulated broker, in our case it was Dash Trader. If you do it, they will get paid a commission and they don’t care what happens to you next. The shady broker will refuse all your withdrawal requests and it won’t earn you any profits. Basically, you will just lose all your deposits with Crypto Engine, this is how it works.

This is their hidden agenda, they want to make money on your back, they need you to send them your money. So, don’t do it, if you don’t want to lose.

Crypto Engine review conclusion

As you can see, Crypto Engine is just a simple scam made to get your money and make you lose. Stay away from it.

If you are interested in trying cryptocurrency trading, do it on a free demo account with a regulated broker. You will have virtual money at your disposal to try everything risk free.

Trading with real money requires a good strategy and an understanding of the risks.

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BORING SCAM: 24Expert Crypto Mining review https://thebestbinaryoptionsbrokers.net/boring-scam-24expert-crypto-mining-review https://thebestbinaryoptionsbrokers.net/boring-scam-24expert-crypto-mining-review#respond Mon, 06 Jan 2020 15:40:59 +0000 https://thebestbinaryoptionsbrokers.net/?p=11933 Thanks to our review you will see that 24 Expert Crypto Mining is a scam that you have to avoid in order to save your money.

24 Expert Crypto Mining review24Expert Crypto Mining promises risk-free and stable profits thanks to bitcoin investments. It allegedly is run by a company name 24Expert Group that is trading financial markets.

So, unlike its name suggests, this is not a crypto mining service, but an investment service. Is it real, though?

24 Expert Crypto Mining is a scam

You ready it correctly, 24Expert Crypto Mining is a total scam that can only lose you money.

Unreal returns

Promised profits are unrealWe studied the investment plans of 24expert Crypto Mining and the conclusion must be that they are absolutely impossible to achieve.

They promise up to 180% monthly returns, which no legitimate business can do in any industry. So, it is a scam, there is no other possibility.

In all honesty, the first red flag is that they promise risk-free and stable returns from investing, because there is no such thing in the real world.

Illegal service

The company does not exist24Expert Group claims to be a fully certified and licensed company, but it is not true. No company of this name is registered in the United Kingdom.

And of course, there is no company of this name licensed to provide investment services. Which means that 24expert Group is lying and 24expert Crypto Mining is an illegal investment service.

How it works

24 Expert Crypto Mining is a scam, there is no doubt about it. It is either a simple scam that will just steal money, or it is a Ponzi scam that might run for some time and collapse later.

You see, Ponzi schemes use some money they get on deposits for the first payouts. This way they make it seem that they really work, but it really is just a house of cards that will collapse, it always is just a matter of time.

24 Expert Crypto Mining review conclusion

24Expert Crypto Mining is a scam and it does not matter how it operates, it was made to steal money. Stay away from it!

If you want to try real investment trading, start on a free demo account with a regulated broker. Use virtual money to see how it works and to create a profitable strategy.

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

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MONSTROUS SCAM: Bitcoin Machine review https://thebestbinaryoptionsbrokers.net/monstrous-scam-bitcoin-machine-review https://thebestbinaryoptionsbrokers.net/monstrous-scam-bitcoin-machine-review#respond Thu, 02 Jan 2020 16:15:34 +0000 https://thebestbinaryoptionsbrokers.net/?p=11925 In our review we prove that Bitcoin Machine is a horrible scam that has nothing in common with real cryptocurrency trading.

ReviewBitcoinMachine has a pretty common introduction that says that it is a group reserved to people who are making money with cryptocurrencies, namely with bitcoin. This group supposedly is so successful that it is creating new millionaires.

You can become a member of the group for free and get the automated trading app they use to trade bitcoin. But is it worth your time?

Bitcoin Machine is a scam

ScamUnfortunately, not only Bitcoin Machine is not worth your time, it also is a very dangerous scam that you really have to stay away from.

When we first saw it, we have immediately identified a known scam that has many shapes and forms. Just take a look at our picture and you will see that it is out there under names like Bitcoin Future, Bitcoin Trader or Bitcoin Storm.

Every time it is the exact same scam, just name changes. Which has its own advantages, because we have a lot of information about how it really works and what you can expect from it.

Unreal trading results

ResultsThe first think that might strike you when browsing the BitcoinMachine’s website is the trading results of the system. Because seemingly there are winning trades only, which is nothing short of a miracle.

But beware, these trading results are fake, in reality the system is losing many. We have reviewed it several times, so we know it for sure. A strong hint is that the trading pair ETH/LTC (ether/litecoin) is not traded anywhere on the market, yet Bitcoin Machine shows it among its trades.

Testimonials and review of BitcoinMachine

TestimonialSpeaking of fake things, Bitcoin Machine testimonials that are presented on its website are of course not real. And it is easy to prove.

Not only they contain stock photos, but these same testimonials have been used across different variants of this scam, they rarely change, fraudsters just keep copying and pasting them everywhere.

The truth

Now we have to explain how Bitcoin Machine wants to scam you, so that you can avoid it and stay safe. The most important thing is to never send them money.

Because this is what they want, of course. Right when you sign up they will tell you that you have to deposit at least 250 dollars with a broker of their choice, which of course will be shady and unregulated.

If you send them money, they will share it between them and tell you it was lost in trading. They will tell that it is due to unfortunate circumstances and that you have to deposit again to really start earning. But every deposit with them will be lost, so don’t do it!

Conclusion

Bitcoin Machine is a filthy scam that just wants your money, stay away from it as far as possible!

If you are interested in cryptocurrency trading, first get a free demo account that will allow you to trade with virtual money, which is risk free.

You have to understand the risks of real trading and prepare a solid strategy before eventually investing for real.

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Blacklisted: Capital Tech FX, Richmonds Finance, eMarketsTrade, Nervic FX Trade… https://thebestbinaryoptionsbrokers.net/blacklisted-capital-tech-fx-richmonds-finance-emarketstrade-nervic-fx-trade https://thebestbinaryoptionsbrokers.net/blacklisted-capital-tech-fx-richmonds-finance-emarketstrade-nervic-fx-trade#respond Mon, 30 Dec 2019 10:15:38 +0000 https://thebestbinaryoptionsbrokers.net/?p=11917 The financial regulator from Cyprus, the CySEC, has alerted the public about several unregulated and scam investment services.

Capital Tech FX

Capital Tech FXCapitalTechFX is a typical broker that is trading with Forex, stock, commodities and ETFs. The broker says that it has office in the UK, Singapore and Cyprus. It is supposed to be an authorized investment service thanks to its parent company Crowd Tech.

But it is not true, the CySEC has clearly stated that Capital Tech FX is not regulated at all.

Richmonds Finance

Richmond FinanceRichmonds Finance seems to be a clone of the above-mentioned Capital FX, it offers the same trading, the website is just a little bit different.

It claims to have offices in Australia and Cyprus and also to be regulated thanks to its parent company Crowd Tech.

But it is not true, the CySEC has confirmed that Richmonds Finance has no authorization whatsoever.

eMarketsTrade

eMarketsTradeeMarketsTrade is a cryptocurrency broker, it uses contracts for difference (CFD) for trading. The minimum deposit with this broker is 2500 euros.

Because it is a broker, and not an exchange, it needs a license from regulators to be able to operate legally. But it doesn’t have any.

This is why not only the CySEC, but also the FCA has placed eMarketsTrade on its blacklist of unregulated companies.

Nervic FX Trade, Crypt FX Tm, Urban FX Trade and Intense FX Trade

Crypt Fx TmNervic FX Trade, Crypt FX Tm, Urban FX Trade and Intense FX Trade obviously are the same scam broker. They have very similar website and they all falsely claim to be operated by BDSwiss.

Nervic FX Trade, Crypt FX Tm, Urban FX Trade and Intense FX Trade are not regulated at all, they have no connection to any regulated entity, they are lying on their websites, this is why they have to be avoided.

Summary

Capital Tech FX, Richmonds Finance, eMarketsTrade, Nervic FX Trade, Crypt FX Tm, Urban FX Trade and Intense FX Trade are unregulated brokers that the CySEC has warned against, stay away from them.

For trading you should always use regulated brokers. We recommend starting on a demo account so that you can learn trading with virtual money.

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NEW SCAM: FX Robotix review https://thebestbinaryoptionsbrokers.net/new-scam-fx-robotics-review https://thebestbinaryoptionsbrokers.net/new-scam-fx-robotics-review#respond Mon, 23 Dec 2019 14:24:15 +0000 https://thebestbinaryoptionsbrokers.net/?p=11909 This review explains that FX Robotix is an investment scam that is not about real financial trading.

FX Robotics reviewFXRobotix is supposed to be a system based on high-frequency trading that will generate highly accurate trading signals.

The system is allegedly so reliable, that even people with no prior experience can use to make money. And wait, the miracles are not over, because the system is free. Or, is it?

FXRobotix scam

FX Robotics scamUnfortunately, FX Robotics is just another scam from the pen of an infamous group of scammers. They keep releasing new systems and every time they claim their new one is the real one that can make money to anybody.

Over time they delete their fake reviews and articles about their old scams to erase their history, but we know it very well.

High-frequency trading fairy tale

We suggest starting with what high-frequency trading (HFT) is really about. In a nutshell it is automated trading done by very fast computers that try to front-run some of the common orders that are in the market. As its names says it, this trading is very fast and trades are done within seconds, they are extremely short.

Now look at the signals that FX Robotics is showing to you, it has nothing to do with HFT, signals valid for minutes, trades lasting for even longer periods of time and executed manually.

So, FXRobotics is obviously lying, HFT is used here only as a fancy term in the hope that ordinary people will not see through and understand they are being scammed.

And don’t get us started on the trades with a risk to reward to ratio (RRR) of 1:2 with a winning rate of 80 or more percent, no trading system in the world has this accuracy, let alone an anonymous piece of crap like FX Robotics.

The truth

FX Robotics testimonialWhat is the truth about FX Robotics? Let’s complete this review by saying that the true goal of this system is to make you deposit money with a broker that FX Robotix has partnered with, because that will earn them affiliate commissions.

It is as simple as that. This is why they are giving away for free a losing system saying that it is profitable. Because if you trust them and deposit through their system with their broker, they will make money no matter what happens to you next.

Conclusion

FX Robotix is a scam, don’t trade with it with real money. If they don’t let you try it on an independent demo, stay away from it!

Never start trading any system or signals with real money, always start on a demo account and first verify everything in testing with virtual money.

And forget about free profitable signals, they don’t exist.

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