BinaryBrokerz.com Review
1 •
8 REVIEWS
Out of business
Updated: Sep 28, 2022
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March 2017: The FPA received a legal threat from Afik & Co. Attorneys & Notary over content on this review page. The demand gave the FPA 12 hours to remove disputed content from the page. When the FPA replied to the message, the law firm did not reply back. No content was removed.
December 2015: The Ontatio Securities Commission has issued a warning against DSMG Limited doing business as Binarybrokerz. CLICK HERE to verify.
April 2016: There is an FPA Traders Court guilty vote against this company. Unless this issue is resolved, the FPA recommends a high level of caution dealing with BinaryBrokerz.
Website is down. Company seems to be out of business.
Out of business
1 •
8 REVIEWS
Recent User Reviews of BinaryBrokerz.com
K
Kishor
United Kingdom,
Apr 16, 2018,
Guest
Scammed
I began trading with Binary Brokerz in July 2016 with a minimum deposit of $325.00 to see how the website functioned and see if what they advised was true to its word.
Within 15 minutes i was bombarded with emails and calls advising me to invest more as the more you have the more you earn.
A so called senior broker by the name of Jack Cruz ( not too sure if this is his real name ) started trading and was doing OK.
When there was any losses he would say it was covered by the investments and wil be recouped on the next trade.
It was almost daily pressure to attend meetings and courses which never materialised as promised.
Being pressured by Jack and his merry men I injected further cash with an all up total of $27670.00.
Also had confirmation of the company it ist address based in Cyprus from Nicholas Cavalieri.
Silence for a few days and Jack Cruz advises me that Chris Gold is now going to advise and help to raise your profile and increase the profits.
New names came to the fore badgering on investments and declined to invest more until i had my full investment available and be able to withdraw.
As the trades were not going as well they even topped up my account to make to shortfall as i was so close to making good returns.
Various more sessions of ridiculous losses he lost all my capital and replaced it with what he called Hedge money ( he wasn’t trading he was panicking with my money )
Chris Gold had a few more wins so the account was at $25000.00 ( now termed BONUS money ) but when I would not inject any more capital until i could withdraw and advised them accordingly and the option to withdraw was not available
I did not hear from him again.
I was then contacted by Jack Cruz and Robert Kerry who informed me Chris Gold and other gurus mentoring me no longer worked for the company.
They told me at different times they were now my SENIOR broker.
They even decided to add $10000.00 to top my funds and be able to withdraw.
They traded my account and left it with $35000.00.
After complaining to the company about Michael Collins , Chris gold and Jack Cruz and Robert Kerrys way of trading I was contacted by snotty Ben Thomas
I was told by him that we need to trade aggressively so I could change the Bonus money into money I could withdraw.
In three link tradings my account was wiped out of $35000.00 .
After leaving messages on their site he finally contacted me to say SORRY.
Advised me that he has a plan of recovery and still waiting for that paln and return of my assets.
I have contacted them directly and get nothing back. Have also contacted the Isreal legel team and paid them to investigate but proving costly as now they cannot do more until taking them to court meaning i have to attend three courts hearings , flights out to Israel and more costs so loathe to take this forward
Would appreciate if anyone here been through the same of a way of recovering the assets
Regards
Kishor
Within 15 minutes i was bombarded with emails and calls advising me to invest more as the more you have the more you earn.
A so called senior broker by the name of Jack Cruz ( not too sure if this is his real name ) started trading and was doing OK.
When there was any losses he would say it was covered by the investments and wil be recouped on the next trade.
It was almost daily pressure to attend meetings and courses which never materialised as promised.
Being pressured by Jack and his merry men I injected further cash with an all up total of $27670.00.
Also had confirmation of the company it ist address based in Cyprus from Nicholas Cavalieri.
Silence for a few days and Jack Cruz advises me that Chris Gold is now going to advise and help to raise your profile and increase the profits.
New names came to the fore badgering on investments and declined to invest more until i had my full investment available and be able to withdraw.
As the trades were not going as well they even topped up my account to make to shortfall as i was so close to making good returns.
Various more sessions of ridiculous losses he lost all my capital and replaced it with what he called Hedge money ( he wasn’t trading he was panicking with my money )
Chris Gold had a few more wins so the account was at $25000.00 ( now termed BONUS money ) but when I would not inject any more capital until i could withdraw and advised them accordingly and the option to withdraw was not available
I did not hear from him again.
I was then contacted by Jack Cruz and Robert Kerry who informed me Chris Gold and other gurus mentoring me no longer worked for the company.
They told me at different times they were now my SENIOR broker.
They even decided to add $10000.00 to top my funds and be able to withdraw.
They traded my account and left it with $35000.00.
After complaining to the company about Michael Collins , Chris gold and Jack Cruz and Robert Kerrys way of trading I was contacted by snotty Ben Thomas
I was told by him that we need to trade aggressively so I could change the Bonus money into money I could withdraw.
In three link tradings my account was wiped out of $35000.00 .
After leaving messages on their site he finally contacted me to say SORRY.
Advised me that he has a plan of recovery and still waiting for that paln and return of my assets.
I have contacted them directly and get nothing back. Have also contacted the Isreal legel team and paid them to investigate but proving costly as now they cannot do more until taking them to court meaning i have to attend three courts hearings , flights out to Israel and more costs so loathe to take this forward
Would appreciate if anyone here been through the same of a way of recovering the assets
Regards
Kishor
E
Ebygum
Chidlow, Australia,
Mar 27, 2018,
Registered user
Ripped of by Binary Brokerz
Gday,
I began trading with Binary Brokerz in May 2016 with a deposit of $5000.00 but was persuaded to inject a further $5000.00.
A so called senior broker by the name of Chris Gold ( cannot confirm if this is his real name ) started trading and was doing OK.
When there was any losses he would say it was covered by insurance money.
Feeling confident and pressured ( and a bit greedy if Im honest ) I injected further cash with an all up total of $87000.00.
I was then introduced to Michael Collins ( cannot confirm if this is his real name ) who traded the short term frame.
After the first session of 2 hours we were up $3500.00.
After 2 more sessions of ridiculous losses he lost all my capital and replaced it with what he called Hedge money ( he wasn’t trading he was panicking with my money )
Chris Gold had a few more wins so the account was at $130000.00 ( now termed BONUS money ) but when I would not inject any more capital he EXITED and I did not hear from him again.
I was then contacted by Robert Kerr who informed me Chris Gold and Michael Collins no longer worked for the company.
He told me he was now my SENIOR broker.
He traded my account once and left it with $98000.00.
After complaining to the company about Michael Collins and Robert Kerrys way of trading I was contacted by Liam ?
I was told by him that we need to trade aggressively so I could change the Bonus money into money I could withdraw.
In one foul swoop he lost all but $267.00.
After leaving messages on their site he finally contacted me to say SORRY.
I am unaware of how these people make money but I suspect it is by the volume which would explain why they were risking most of the capital at each session.
There was NO risk strategy being used.
THIS COMPANY IS A SCAM AND SHOULD BE AVOIDED BY ALL.
At this point in time I am unsure what can be done so if anybody has an answer Im all ears.
Feb 7, 2017 - No Rating Gday,
I began trading with Binary Brokerz in May 2016 with a deposit of $5000.00 but was persuaded to inject a further $5000.00.
A so called senior broker by the name of Chris Gold ( cannot confirm if this is his real name ) started trading and was doing OK.
When there was any losses he would say it was covered by insurance money.
Feeling confident and pressured ( and a bit greedy if Im honest ) I injected further cash with an all up total of $87000.00.
I was then introduced to Michael Collins ( cannot confirm if this is his real name ) who traded the short term frame.
After the first session of 2 hours we were up $3500.00.
After 2 more sessions of ridiculous losses he lost all my capital and replaced it with what he called Hedge money ( he wasn’t trading he was panicking with my money )
Chris Gold had a few more wins so the account was at $130000.00 ( now termed BONUS money ) but when I would not inject any more capital he EXITED and I did not hear from him again.
I was then contacted by Jack Cruz and Robert Kerry who informed me Chris Gold and Michael Collins no longer worked for the company.
They told me at different times they were now my SENIOR broker.
They traded my account and left it with $98000.00.
After complaining to the company about Michael Collins Jack Cruz and Robert Kerrys way of trading I was contacted by Liam ?
I was told by him that we need to trade aggressively so I could change the Bonus money into money I could withdraw.
In one foul swoop he lost all but $267.00.
After leaving messages on their site he finally contacted me to say SORRY.
I am unaware of how these people make money but I suspect it is by the volume which would explain why they were risking most of the capital at each session.
There was NO risk strategy being used.
The following item was taken from their website
Our highest priority is ensuring the financial success of our traders
I for one do not believe they stood by their tagline.
THIS COMPANY IS A SCAM AND SHOULD BE AVOIDED BY ALL.
At this point in time I am unsure what can be done so if anybody has an answer Im all ears.
regards
Trevor
I began trading with Binary Brokerz in May 2016 with a deposit of $5000.00 but was persuaded to inject a further $5000.00.
A so called senior broker by the name of Chris Gold ( cannot confirm if this is his real name ) started trading and was doing OK.
When there was any losses he would say it was covered by insurance money.
Feeling confident and pressured ( and a bit greedy if Im honest ) I injected further cash with an all up total of $87000.00.
I was then introduced to Michael Collins ( cannot confirm if this is his real name ) who traded the short term frame.
After the first session of 2 hours we were up $3500.00.
After 2 more sessions of ridiculous losses he lost all my capital and replaced it with what he called Hedge money ( he wasn’t trading he was panicking with my money )
Chris Gold had a few more wins so the account was at $130000.00 ( now termed BONUS money ) but when I would not inject any more capital he EXITED and I did not hear from him again.
I was then contacted by Robert Kerr who informed me Chris Gold and Michael Collins no longer worked for the company.
He told me he was now my SENIOR broker.
He traded my account once and left it with $98000.00.
After complaining to the company about Michael Collins and Robert Kerrys way of trading I was contacted by Liam ?
I was told by him that we need to trade aggressively so I could change the Bonus money into money I could withdraw.
In one foul swoop he lost all but $267.00.
After leaving messages on their site he finally contacted me to say SORRY.
I am unaware of how these people make money but I suspect it is by the volume which would explain why they were risking most of the capital at each session.
There was NO risk strategy being used.
THIS COMPANY IS A SCAM AND SHOULD BE AVOIDED BY ALL.
At this point in time I am unsure what can be done so if anybody has an answer Im all ears.
Feb 7, 2017 - No Rating Gday,
I began trading with Binary Brokerz in May 2016 with a deposit of $5000.00 but was persuaded to inject a further $5000.00.
A so called senior broker by the name of Chris Gold ( cannot confirm if this is his real name ) started trading and was doing OK.
When there was any losses he would say it was covered by insurance money.
Feeling confident and pressured ( and a bit greedy if Im honest ) I injected further cash with an all up total of $87000.00.
I was then introduced to Michael Collins ( cannot confirm if this is his real name ) who traded the short term frame.
After the first session of 2 hours we were up $3500.00.
After 2 more sessions of ridiculous losses he lost all my capital and replaced it with what he called Hedge money ( he wasn’t trading he was panicking with my money )
Chris Gold had a few more wins so the account was at $130000.00 ( now termed BONUS money ) but when I would not inject any more capital he EXITED and I did not hear from him again.
I was then contacted by Jack Cruz and Robert Kerry who informed me Chris Gold and Michael Collins no longer worked for the company.
They told me at different times they were now my SENIOR broker.
They traded my account and left it with $98000.00.
After complaining to the company about Michael Collins Jack Cruz and Robert Kerrys way of trading I was contacted by Liam ?
I was told by him that we need to trade aggressively so I could change the Bonus money into money I could withdraw.
In one foul swoop he lost all but $267.00.
After leaving messages on their site he finally contacted me to say SORRY.
I am unaware of how these people make money but I suspect it is by the volume which would explain why they were risking most of the capital at each session.
There was NO risk strategy being used.
The following item was taken from their website
Our highest priority is ensuring the financial success of our traders
I for one do not believe they stood by their tagline.
THIS COMPANY IS A SCAM AND SHOULD BE AVOIDED BY ALL.
At this point in time I am unsure what can be done so if anybody has an answer Im all ears.
regards
Trevor
A
Alison lesley Van
Palthe, South Africa,
Apr 5, 2017,
Guest
NEVER TOUCH THESE SCAMMERS YOU WILL LOOSE
https://www.binarybrokerz.com/
This company stole both my investments and my profits.When I wanted to withdraw my money from the account I did all the relevant paperwork and submitted it and heard nothing back,Their phones are never answered and when I finally did contact them via email they said my money was gone.2 days later the site for our SA region was taken down.They stole my money and thousands others they are iars and frauds and this must be stopped
This company stole both my investments and my profits.When I wanted to withdraw my money from the account I did all the relevant paperwork and submitted it and heard nothing back,Their phones are never answered and when I finally did contact them via email they said my money was gone.2 days later the site for our SA region was taken down.They stole my money and thousands others they are iars and frauds and this must be stopped
M
Maria
Toronto, Ontario, Canada,
Mar 7, 2017,
Guest
Do not trust this company. If you made a mistake of depositing your money try to get a refund without providing your documents and do not sign and se
Please, stay away with this company. I made a mistake of agreeing to deposit 5000 GBP in May 2016. After 2 weeks, I decided I no longer want to trade as I do not want to take the risk of losing. I was instructed to provide necessary documents including the Declaration of Deposit in order for them to process my withdrawal request. I was led to believed that the Declaration of Deposit is only to verify my account, little did I know that it was their ticket to protect themselves. I was told that if there is any bonus given and if I want to withdraw before the turned over then it will just be cancelled. I did not get my money after complying with the withdrawal process. I filed for chargeback with my Cibc Visa. My case escalated to Visa International and Visa International sided with them because of the Declaration of Deposit that I signed. People working in this company are thieves. My trading account shows 0 balance even though my account was put on hold during the entire chargeback process. When I asked the Binary Support Team, they tell me that it's been traded and that they cannot refund traded money. They are bunch of liars. There is no transaction record that I traded.
J
jero
Canada,
Oct 4, 2016,
Registered user
they are using multiple contact phone number
this brooker is a complete scam , stay away frome them , they get you to deposit money than they enter a bunch of loosing trades ,take your money and run
R
Robert Bond
Cumbria, United Kingdom,
Mar 14, 2016,
Guest
Issue escalated to Traders Court bobsbeer vs binarybrokerz.com | RESOLVED
This company are quick to take your money, but try to get it withdrawn. It would be easier to pull hens teeth. You make a request and try to comply with their withdrawal procedure and all they do is either ignore you or keep repeating stuff you have heard before. You ring to speak to a broker and they are on the phone or in a meeting. They NEVER call you back. Their Support say someone will call on a particular day and they never do. I have been trying to make a withdrawal since 19/2/16, and all I have got is the run around. Disgusting service. DO NOT EVEN THINK OF USING THIS COMPANY.
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Ａｎｇｅｌ
ｈｏｎｇｋｏｎｇ, Hong Kong,
Mar 7, 2016,
Guest
Issue escalated to Traders Court Angel ren vs binarybrokerz.com | GUILTY
Ｉ ｃｏｕｌｄｎ＇ｔ ｃｏｎｔａｃｔ ｔｈｅ ｐｅｒｓｏｎ ｉｎ ｔｈｅ ｆｉｒｍ ｗｈｏ ｒｅｑｕｅｓｔｅｄ ｆｕｎｄｉｎｇ ｆｒｏｍ ｍｅ． Ｍｙ ｂｒｏｋｅｒｓ ｃｈａｎｇｅｄ ｆｏｕｒ ｔｉｍｅｓ ｉｎ ａ ｙｅａｒ． Ｍｙ ａｃｃｏｕｎｔ ｗａｓ ｔｒａｄｅｄ ｆｒｏｍ ＄２４２Ｋ ｄｏｗｎ ｔｏ ＄５８ ｏｎｌｙ ｉｎ ｔｗｏ ｄａｙｓ． Ｂｕｔ ｗａｓｎ＇ｔ ａｔｔｅｎｄｅｄ ｂｙ Ｂｉｎａｒｙ Ｂｒｏｋｅｒｚ． Ｔｈｅ ｏｆｆｅｒ ｔｈｅｙ ｇａｖｅ ｗａｓ ｔｈｅ ｔｒａｄａｂｌｅ ｂｏｎｕｓ ｗｈｉｃｈ Ｉ ｃａｎｎｏｔ ｗｉｔｈｄｒａｗ． Ｔｈｅ ｗｏｒｓｔ ｐａｒｔ ｉｆ ｔｈａｔ ｈａｌｆ ｏｆ ｔｈｅ ｔｒａｄａｂｌｅ ｂｏｎｕｓ ａｒｅ ｌｏｓｔ ａｓ ｗｅｌｌ．Ｈｏｗ ｃａｎ ｙｏｕ ｔｒｕｓｔ ｔｈｅｍ ａｇａｉｎ？
2015-12-23 No Rating Just want to share my true own story here. I joined binary brokerz since April (www.binarybroikerz.com). I was told there would be a mentor to teach you how to trade. But that wasn't the case. The first broker talk to me socially and then traded a few. He did have winning trades but I traded myself with loss. So I stopped trading. Then another broker called and said Elliot went to HK and now he took over my account. He saw me lost, and then ask for more money to invest to recover. I was tempted coz I lost 10K alreay. So I invested. The trade end up winning and I was happy. However, he asked for more investment which I rejected and I also rejected to introduce friends to this platform. So Harry disappeared. Tony took over to be my broker. Since my acct was in nice shape and I started to work with Tony for further trading. He demonstrated through team view and ended up with nice profit in the first day. He asked me to trade on my own to conque my fear with the market, which I believed so. I did make some profit at the beginning. However, one week later when I borrowed more money to invest more. Desaster happened. He traded on line but with huge loss. My acct end up lost 30K. I jumped up and down and called his manager and want to get the money back. He comforted me and show that the long term trades are still in shape. Since the total acct is not with loss. I told me myself to trust them again and give them some time and be patient. So the long term trade finished by mid Dec and my acct ended up as 204K. My capital was 78K. I was so glad. And I need to withdraw to pay off my credit card, loan etc. But I find that I couldn't reach Tony anymore. He never replied. I contacted the customer service and I was told my broker will give me a call soon. So I waited. I did receive the call from Lisa, who told me she is under Tony. And I verified through customer service. Lisa told me the market is better for short term trades. Since I recalled Mike told me to trust them, I told myself to trust them fully and believe they will help. So I leave the trades to Lisa and she helped me to trade short term. This happened on Dec 22nd. And I logged on to my account on Dec 23rd. Guess what happened? 204K down to 95K now. I still told myself to trust them. One hour later, only 5.8K left in my account! I was so upset! I am waiting to take the capital back to pay my credit card and my tax bill. Now I don't know what I can do with my debts! I gave them a call but the customer told me to wait for my broker to give me a call back. I called a number of times but nothing can be worked out immediately. So I just need to wait. I just want to share my own story. If the things sorted out. Then I think this broker can be trusted. But if not, I will need to take some legal action and hope to warn anyone who want to trade. If there is anyone with similar story, please do share with me. I am so upset now. But I will keep my story updated. Anyhow, I will take back my capital as my highest priority.
2015-12-23 No Rating Just want to share my true own story here. I joined binary brokerz since April (www.binarybroikerz.com). I was told there would be a mentor to teach you how to trade. But that wasn't the case. The first broker talk to me socially and then traded a few. He did have winning trades but I traded myself with loss. So I stopped trading. Then another broker called and said Elliot went to HK and now he took over my account. He saw me lost, and then ask for more money to invest to recover. I was tempted coz I lost 10K alreay. So I invested. The trade end up winning and I was happy. However, he asked for more investment which I rejected and I also rejected to introduce friends to this platform. So Harry disappeared. Tony took over to be my broker. Since my acct was in nice shape and I started to work with Tony for further trading. He demonstrated through team view and ended up with nice profit in the first day. He asked me to trade on my own to conque my fear with the market, which I believed so. I did make some profit at the beginning. However, one week later when I borrowed more money to invest more. Desaster happened. He traded on line but with huge loss. My acct end up lost 30K. I jumped up and down and called his manager and want to get the money back. He comforted me and show that the long term trades are still in shape. Since the total acct is not with loss. I told me myself to trust them again and give them some time and be patient. So the long term trade finished by mid Dec and my acct ended up as 204K. My capital was 78K. I was so glad. And I need to withdraw to pay off my credit card, loan etc. But I find that I couldn't reach Tony anymore. He never replied. I contacted the customer service and I was told my broker will give me a call soon. So I waited. I did receive the call from Lisa, who told me she is under Tony. And I verified through customer service. Lisa told me the market is better for short term trades. Since I recalled Mike told me to trust them, I told myself to trust them fully and believe they will help. So I leave the trades to Lisa and she helped me to trade short term. This happened on Dec 22nd. And I logged on to my account on Dec 23rd. Guess what happened? 204K down to 95K now. I still told myself to trust them. One hour later, only 5.8K left in my account! I was so upset! I am waiting to take the capital back to pay my credit card and my tax bill. Now I don't know what I can do with my debts! I gave them a call but the customer told me to wait for my broker to give me a call back. I called a number of times but nothing can be worked out immediately. So I just need to wait. I just want to share my own story. If the things sorted out. Then I think this broker can be trusted. But if not, I will need to take some legal action and hope to warn anyone who want to trade. If there is anyone with similar story, please do share with me. I am so upset now. But I will keep my story updated. Anyhow, I will take back my capital as my highest priority.
S
SwiqFX
, South Africa,
Feb 18, 2016,
Guest
I was recently drawn into the scam known as CitidelLtd by whom I was auto-assigned to a UK broker, Binary Brokerz. Luckily I gathered information about the scam before losing too much money, but for more than a week now I have tried to make a withdrawal of my remaining funds from Binary Brokerz to no avail. They try to contact me at least 10 times a day (their number is blacklisted on my phone), obviously NOT about my withdrawal. After each contact attempt, I am also inundated with emails that they failed to contact me about, and I quote, "In order to activate your account and start trading, we would love to hear about your interests and financial goals." This after I traded on 9 previous occasions with this "non-active" account. NOTHING ABOUT MY WITHDRAWAL REQUEST! The only email I received about my withdrawal request was a Declaration of Deposit form to be completed in accordance with, I quote again, "...required by regulators of the European Financial Market..." Binary Brokerz are not regulated and I did go through the normal verification process already. This is obviously a scam to retain your funds until their sales team get a hold of you and ware you down until you decide to keep on trading with them.
Breaking news, I just received an email from these scammers:
"Hi ...
Nothing is going to be released without you speaking with me. So you should answer the phone.
Thank you.
Dominic walker."
UNDER NO CIRCUMSTANCES, EVER, GIVE THESE SCAMMERS YOUR MONEY!
Breaking news, I just received an email from these scammers:
"Hi ...
Nothing is going to be released without you speaking with me. So you should answer the phone.
Thank you.
Dominic walker."
UNDER NO CIRCUMSTANCES, EVER, GIVE THESE SCAMMERS YOUR MONEY!
B
Binary Brokerz
London, United Kingdom,
Feb 10, 2016,
Guest
Angel- Thank you for your feedback and we do apologize for this inconvenience. We can see that our broker has tried to contact you and has been unable to reach you in the last few days. We will have her contact you as soon as possible to further assist you and proceed with the recovery of your account.
Sham Abd - Thank you for the feedback. We apologize for the delay and can see that your issue has been resolved and your funds have been returned.
Best,
The Binary Brokerz Team.
Review Moderation Team Note: Please click "Is This Your Site and register as a reviews representative. Then you will be able to submit comments linked directly to individual reviews.
Sham Abd - Thank you for the feedback. We apologize for the delay and can see that your issue has been resolved and your funds have been returned.
Best,
The Binary Brokerz Team.
Review Moderation Team Note: Please click "Is This Your Site and register as a reviews representative. Then you will be able to submit comments linked directly to individual reviews.
S
Sham Abd
Kuala Lumpur, Malaysia,
Dec 31, 2015,
Guest
Binary Brokerz will contacted you until you make fund with them and after you fund, will be much help in anything you ask... but once you make a withdrawal .... everything silent ... send email no reply ... if reply only ask you to wait your account manager call Erik will contact you soon ... but He never contact you... once you send a email again and tell no contact... there will reply you... Erik will soon contact you and be patient... now already 4 days nobody contact me and i send few email also never been reply..... my withdrawal pending till now and all my document already been verified....is only USD104.00 is not USD104,000,000.00 i need to withdraw....