I will give you my experience with the scam brokers VXMarkets and OptionsMaker... Those brokers are pure scams and I will explain to you how the process works in 6 warnings !
Links :
www.vxmarkets.com "An Expert Consulting company" based in Seychelles with an obscur office in London.
optionsmaker.com "An Expert Consulting company" based in Seychelles with an obscur office in London.
Warning n°1 :
Generally these brokers attract you via wonderful offers such as the revolutionary "German Binary Bot". Obviously this robot or Expert advisor is a huge SCAM !!!).
The German Binary Bot proposes you to get a 1 month free trial if you subscribe with one oh these brokers (VXMarkets, BigOption, OptionsMaker...).
I don't know BigOption but that broker appears in the AMF brokers blacklist (AMF is the french financial markets authority).
Warning n°2 :
Once you subscribe to the trial offer and the broker. You are immediately called by a representative of the broker. If you didn't deposit yet, the guy asks for your credit card details. Admit that you want to put only 250$. The representative will press you to put more money (1000$ for example) in order to get a wonderful mega BONUS). You can't withdraw that bonus if you don't trade a 30 times the amount of the bonus. (Example : if you get a 750$ bonus... you will have to make trades for 22500$ in volume).
Notice : The phone call lasts for a minimum of half an hour. They have so many clients...
Warning n°3 :
When you get your account funded, you can start to make trades. The platform is quite simple, the brokers use a Thomsonreuters trading solution. The platform is the same for all of them. The system works great. The trades are reals. No scam at this step.
Let's talk about the binary robot ! It doesn't work in fact only 1 trade made in 1 week and the robot costs 2500$ !!!!!!!! Really !
The scam binary robot link : www.germanbinaryrobot.com
Warning n°4 :
The brokers tries to call you everyday ! "Hello Mr or Miss, How are you today ? I'm xxxx your account manager." blablabla
Warning n°5 :
If you lose your money in trading, don't refund !!!!! and LEAVE !!!! LEAVE !!!! LEAVE !!!!
If you make profits !!!!! Don't expect to get your profit... Once you will ask for a withdrawal.... At this moment you will start to cry !
Let me explain to you how the scam works....
Take the example of VXMarkets.... admit that you have a balance of 2000$ (Deposit 1000$ and Profit 1000$).
If you make a withdrawal... of 1000$, your balance will still show 2000$ and you can continue to trade with your 2000$ even if you asked for a withdrawal.
So, a withdraw takes 3 business days to be aproved. During these 3 days you have time to lose all of your 2000$ you see what I mean ?
Warning n°6 :
If you try to withdraw your profit !!! Don't expect to get it !!! Oh no no no. They will find a way to keep it beacause of false ID documents (Passeport, Bill, credit card etc...) They will assimilated them as fraudulent documents and they will close your account ! This is it This is how it works ! So they will keep your 1000$ profits in their pocket.
Find below an example of a banking history @ VXMarket "One of the leading binary brokers"
Note that I got back my initial deposit on my bank account. No problem.
Only 5 to 10 binary brokers are serious. They all are regulated FCA (UK), AMF (France), CYSEC etc...
Be careful guys !
Links :
www.vxmarkets.com "An Expert Consulting company" based in Seychelles with an obscur office in London.
optionsmaker.com "An Expert Consulting company" based in Seychelles with an obscur office in London.
Warning n°1 :
Generally these brokers attract you via wonderful offers such as the revolutionary "German Binary Bot". Obviously this robot or Expert advisor is a huge SCAM !!!).
The German Binary Bot proposes you to get a 1 month free trial if you subscribe with one oh these brokers (VXMarkets, BigOption, OptionsMaker...).
I don't know BigOption but that broker appears in the AMF brokers blacklist (AMF is the french financial markets authority).
Warning n°2 :
Once you subscribe to the trial offer and the broker. You are immediately called by a representative of the broker. If you didn't deposit yet, the guy asks for your credit card details. Admit that you want to put only 250$. The representative will press you to put more money (1000$ for example) in order to get a wonderful mega BONUS). You can't withdraw that bonus if you don't trade a 30 times the amount of the bonus. (Example : if you get a 750$ bonus... you will have to make trades for 22500$ in volume).
Notice : The phone call lasts for a minimum of half an hour. They have so many clients...
Warning n°3 :
When you get your account funded, you can start to make trades. The platform is quite simple, the brokers use a Thomsonreuters trading solution. The platform is the same for all of them. The system works great. The trades are reals. No scam at this step.
Let's talk about the binary robot ! It doesn't work in fact only 1 trade made in 1 week and the robot costs 2500$ !!!!!!!! Really !
The scam binary robot link : www.germanbinaryrobot.com
Warning n°4 :
The brokers tries to call you everyday ! "Hello Mr or Miss, How are you today ? I'm xxxx your account manager." blablabla
Warning n°5 :
If you lose your money in trading, don't refund !!!!! and LEAVE !!!! LEAVE !!!! LEAVE !!!!
If you make profits !!!!! Don't expect to get your profit... Once you will ask for a withdrawal.... At this moment you will start to cry !
Let me explain to you how the scam works....
Take the example of VXMarkets.... admit that you have a balance of 2000$ (Deposit 1000$ and Profit 1000$).
If you make a withdrawal... of 1000$, your balance will still show 2000$ and you can continue to trade with your 2000$ even if you asked for a withdrawal.
So, a withdraw takes 3 business days to be aproved. During these 3 days you have time to lose all of your 2000$ you see what I mean ?
Warning n°6 :
If you try to withdraw your profit !!! Don't expect to get it !!! Oh no no no. They will find a way to keep it beacause of false ID documents (Passeport, Bill, credit card etc...) They will assimilated them as fraudulent documents and they will close your account ! This is it This is how it works ! So they will keep your 1000$ profits in their pocket.
Find below an example of a banking history @ VXMarket "One of the leading binary brokers"
Note that I got back my initial deposit on my bank account. No problem.
Only 5 to 10 binary brokers are serious. They all are regulated FCA (UK), AMF (France), CYSEC etc...
Be careful guys !