Blacklist of binary options brokers - how to recognize scammers

Blacklist of binary options brokers - how to recognize scammers

Binary options trading has recently become increasingly popular among both beginners and experienced traders. There is a large number of reliable brokerage companies, but, unfortunately, there is still a serious risk of running into black brokers, who, besides providing low-quality services, may steal your honestly earned money.

NB! We have prepared several useful recommendations and a binary options blacklist. We are sure that the information provided will help you make the right choice. (Pocket Option is one of the successful binary options brokers)

What should I pay attention to when looking for a reliable broker?

Licenses of reputable regulators

Remember that not all regulatory organizations have leverage over their participants. On our website, you can learn more about the main regulators and brokers with licenses.


Study the Internet reviews about the brokerage company that interests you. Choose brokers who have been working on the market for several years and have been able to earn a good reputation.

Number of clients

Reliable Binary options brokers most often have a fairly large and well-formed base of traders.

Country of registration

It is an indirect sign, but it also deserves attention together with other factors. Reliable brokerage companies are most often registered in large European or American countries.


Binary options scam brokers often attract customers with extremely profitable and often even fantastic special offers and promotions. Be wary if you are promised win-win deals or a deposit bonus of 200 % or more.

How do black binary options brokers deceive their clients?

● Fraudulent algorithms of work

Black binary options brokers specifically substitute quotes and use other tricks that do not allow the trader to earn money.

● Hidden commissions

Scammers often hide and set additional commissions, the size of which often makes even profitable transactions unprofitable.

● Problems with withdrawing money

Even after earning money, it can be quite difficult to withdraw it. Black brokers can request additional data, force you to go through the identification procedure, or simply block access to your personal account.

● Unprofitable signals

Fraudulent companies deliberately provide information that leads to the loss of money by the trader.

List of Black Binary Options Brokers

Binex. The address of the official website has been inactive for more than two months.

Titan trade. The company has managed to earn a huge number of negative reviews. Users claim fraud with accounts, working with unscrupulous signal providers, etc.

Interactive Option. The binary site scams were blocked by a regulatory organization, which best shows the reliability of this company.

Daily Trades. It has a fairly large number of reports about frauds with accounts and opening unprofitable transactions without the trader's knowledge.

P-Option. After an active advertising campaign and attracting money from a fairly large number of users, the broker simply closed its website.

Unfortunately, not all brokers have chosen honest work. It’s easy for a beginner to get into the networks of scammers. We are striving to prevent it, and that’s why, we have created our own rating of binary brokers, which, we hope, will help to avoid unpleasant situations and the loss of your own investments.

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