I believe Innocent is truly Innocent here
No pun intended.
I used to trade when I was living in the States and when I came back to Asia, I was introduce to Binary.com (it was called Betonmarkets.com those days). I like it as it allows me to start from a very low amount. They have plenty of product options but only this one product remains popular with my people and 90% of their volume came from this gambling product that they package as a financial product called Runbets (Then renamed it to Random Index and now
Volatility Indices), my guess is to escape from the authorities.
When I was trading smaller amounts, never had problems with them but the moment I increase my trading limit, they became greedy. Got into the same trouble with them like Innocent did and they close my accounts the moment I make profit about $7,000 to $20,000 consistently on a daily basis or block my withdrawals and I am stuck in the cycle of account verification with their lousy customer support who are not helpful at all. If they are reading this (Give me back my money!!). Then they allow me to trade after some time but it is harder to win after that and when I open a new account. I won again
Apparently I am not alone. My Brazilian, China, Taiwan, Vietnam, India, Nigeria, South Africa and Russian friends faced the same problem too. After my 8th attempt to use other family members details to trade with Binary, I gave up and now trade with other brokers instead. If you are looking for a trading platform, this is not it. It is purely gambling and definitely a game of chance.
In Indonesia, an Islamic country. Binary.com is labelled as a gambling website that is blocked by
Kominfo, and investigated by
OJK and
Bappeti, these are the financial regulators in Indonesia. After 20 years, Binary still gets away with things because they have Politicians like
Yayah Khaeriah who pulls strings with authorities and have connections with the local police that backs Binary.com gambling activities and their Payment Agent Association (smell cartel here?) created with a local Mafia from Surabaya together and Binary CEO it seems. Speechless ...
When I started trading with them, Binary makes 180Million US Dollar in turnover a year and they now make more than 1 Billion US Dollar in turnover. They are making so much from client losses that they can afford to invite all the gamblers from Indonesia, Vietnam, India, UK, Australia and several other countries to their Malaysia office for Free on Binary expenses from
12th to 14th October 2019. What saddens me is that, Malaysia and Indonesia are Islamic countries, so why no one took action against them yet until today? Why encourage gambling?
I was told by their pretty Indonesian lady staff that have been around for many years there, binary money came from clients that have lost everything, destroyed their future and some payment agents and partners even go to jail for promoting Binary.com gambling activities. She feels bad taking
HARAM income as binary makes profit from the client losses. Due to this they were finally blocked in Indonesia. At the end of the day, the house always wins because Binary is like casino. Though Binary is
blocked by the authorities in Indonesia, they operate through
binary.me and deriv.app, which is not known to most regulators or even
OJK and
Bappeti. And Binary also provides Free VPN so Indonesian and other blocked European countries can bypass the block (my friends use it to watch Porn)
Here you go if you want it too
IOS and
Android
View attachment 44878
It breaks my heart to see that they continue to cheat hundreds of thousands of Indonesians out of their life savings. My fellow Indonesians (and other gamblers) lost a lot of money from binary gambling products such as volatility indices, digit match/differ, digit even/odds and others. These are being offered still on
binary.me and deriv.app, both which are belonging to Binary.com; a gambling product banned by OJK. And my Indonesian friends told me that Binary CEO, Jean Yves Sireau do not care at all about this as long as it feeds his fetish to own more offices in Cyberjaya, KL Central in Malaysia, Malta, Japan, Dubai, Paraguay and Labuan (
https://www.binary.com/en/group-history.html).
Binary is highly motivated to make client lose money as they make money from client losses hence, they do not pay when clients win and have tendency to manipulate the price, so more client lost than win. If you further research online, you will come across news that Binary also inserts cheat code in their binary bots (
https://deriv.app/bot and
bot.binary.com) and their API (
developers.binary.com). If you talk to their head of quants, you will believe it too.
Another thing I heard from the Russian Forex community, they have this one guy who manage to beat binary system called Anton who used to post all his winning formula on the FX community. Turns out he now do not share this anymore because Binary has hired him or his friend for the past one year to assist them to beat all the clients who profits on Binary platform. A friend who works in IQ Option told me that Anton is his old friend and they both knew each other from Libertex days. A few other of Anton friends works there too and guess what I heard? These guys forte: Monitor trades of winning clients like me and adjust it accordingly. What a joke. They will ensure that the house have better winning chances, putting it in the nicest way possible here but inside I am
.
Since binary is a gambling entity, there’s not much real quants work to do. So, their quants team have ample of time to monitor all the client’s trades. This Yayah lady told me, Binary have 500 IT Staffs. This is more than enough manpower to monitor anything. Binary have positioned themselves as “IT company” and don’t offer these dangerous gambling services to Malaysians and that is why Malaysian regulators don’t investigate them, but us Indonesians like me bear the brunt!
Menkominfo blacklist Binary in
trustpositif.kominfo.go.id and they also got listed in
kominfo blacklist but binary are smart, they created clone pages called
binary.me and deriv.app targeting only the Indonesian markets. I ask someone from their support chat room (I think it was someone called Jeya) on why binary blocked website is still accessible by Indonesians, she say this is not their responsibility. It is the client’s choice and binary.com is not responsible if client is not careful and get addicted. Client should know their risk upfront.
I spoke to Ibu Yayah or maybe it was her support team, a lady. From one of the correspondent, I was informed that I should not deposit with a payment agent called
Universalunique.com owned by
Rizka Nika Samsudin. I asked why? (as truth is over the years I have used his service for many times) and I was told that he was put in jail by
Bareskrim for promoting Binary.com, a gambling entity. I tested binary support team, they simply deny knowing such payment agent existed to cover their tracks and cut ties with him so no proof to link binary.com/binary.me/deriv.app and Rizka together. Poor guy
Another thing that Yayah’s team, (this time a guy, maybe her son), told me that shocked me, will be the fact that Binary is empowering payment agent cartel and corruption in a big scale. I believe he said, the only reason why binary dares to recruit more than 100 payment agents without getting caught is because they are paying
Mabes Polri (my local Police) protection monies on a weekly basis. Binary CEO, Jean Yves Sireau is aware about this but refuse to do anything as it does not affect Binary and will further flame his success in scam industry. Such thing should not happen under President Jokowi reign especially when he preaches to eradicate corruption. The rumours spread in the Trading communities that Indonesian police is labelling the Binary.com Payment Agents as “ATM HIDUP” (LIVING ATM).
I started digging about their CEO as how I did with all the other Israel Binary options company and to my amazement, I found Binary CEO, Jean Yves Sireau in
Panama Paper, (
https://offshoreleaks.icij.org/nodes/55031941) which revealed information about offshore activities they did for this company and how they took advantage of offshore jurisdictions and avoid taxations over the years. Similar was done for their Binary business it seems from the looks of it --
https://www.binary.com/en/regulation.html. So, Binary have been escaping taxation for nearly 20 years now in Malaysia, Malta, with a pretence that they were an IT company who creates and maintain software for financial service industry as per their job ads but the Malaysia and Indonesia government missed to check the fact that Binary.com platform is in fact a gambling platform hence blacklisted in
trustpositif.
I truly hope my post helps open the eyes and ears of traders worldwide, in Europe, especially the vulnerable Indonesian people who have been cheated by Binary. I was also told by many traders in the communities that Binary brand, like other binary options scammer is going down hill now. That is why they created deriv.app, which is just another Binary.com in IQ look and feel, to cover the truth. Many that has fallen victim to them, felt the same way and they have reported this to the Indonesian, Malaysian and international - authorities and regulators. Authorities please do your work and leave no stone unturned. Our future generations will thank you.
Rudyfx