Saturday, 27 August 2016

Binary Options - the new Frontier

I recommend some Binary Options People you can rely on. 24option the most trusted in the world - with full regulation, Here's what some professionals are saying about them.....

"Some Binary Options brokers are just a Scam, some just Suck. 24Option is a member of the exclusive list of brokers considered to be highly respected and truly inspiring. Thanks to CySec regulation we can revoke any suspicion of a scam by 24Option and an attractive easy-to-use trading platform with a good customer service makes 24Option a user friendly prime and trusted broker."

"The management team at 24option is committed to their customers’ success by providing industry-leading service, features, asset choices, payoff ratios, and a user-friendly trading platform that makes trading fun, enjoyable, and profitable. You will not find a broker that has received more awards and commendations than 24option. They have set the bar extremely high for their competitors and have achieved a large and loyal following for being fair and focused on the right elements in the binary options arena. You would be hard pressed to find a broker that surpasses this one at any level, and their reputation, established over years of achievement, speaks for itself."


I'm not Gordon Gecko - but after a few forays into the world of Binary Options Trading I reached a few quite informed conclusions, not based on Mr Douglas's Characters knowledge of the Markets but on some common sense and a feeling that this has become the new Frontier - fraught with almost as many virtual hazards as any Pioneer might have in the 'olde days' where Maps said "Here be Dragons!'

How many People have been inundated with Email promising to make them a Millionaire in a few Minutes? That all you have to do is subscribe to their "Free" software and you will live the lifestyle of your Dreams? Seen those Videos of posh Cars, Ladies, even posher Houses, the inevitable cliched Photo's of some exotic place - probably copied from a Holiday Company Brochure. How many of you have thought that if anyone approached you in real life like they do in their Email you might ignore them - or even tell them to £%&^£ off!

That the "Free" ends when you get referred to a Broker who contacts you almost immediately asking for a £250 Deposit. This they do before they ask you for any Accreditation - ID Documents and the like - which is weird because no Bank would even let you open a Deposit Account without some proof of ID. Suffice to say that while they might get yer Money with a read of your Card Number, Sort Code and CVV Code - you can't re-access it quite so promptly while your Accreditation has to be 'approved'.

Then how about the Software that got you into all this to start with? One has a 'Demo' Account, which created the impression that everything is prompt, accurate and lucrative.Wow I thought, but after a while it prompted a few questions from me. The first was why as soon as it starts it does so at the same value on the same Currency Pair every time? How the same Names of 'Winners' always appeared telling you "so and so has just won.... etc". The fact is that this 'Demo' is rather like any artificial intelligence game - which might have some interactivity but all of it is pre-programmed. Sim City might let you create Trading Estates, Housing, Civic Infrastructure and everything else that makes a Metropolis work - but it isn't wired into City Hall. Unfortunately there is nothing to tell you that this 'Demo' isn't actually trading Monopoly Money in Wall Street, so the impression it gives is very misleading. Someone somewhere will 'go through go' but you might not necessarily collect £200!

How about the Pitch that got you to the Software - or at least that online Video you see where they ask for your Email and Phone Number? Actors ( and you half expect them to look like Robert Redford and Paul Newman), some glamour puss draped on their arm (probably from an Agency), that sleek Car - a rental - maybe even some Real Estate - which you could photograph or film using a reasonable quality Digital Camera - just stand outside House/Condo of choice, Testimonials - probably Friends and Colleagues, maybe even Photos lifted from Google Images/Facebook/Twitter etc - and those Screenshots of Bank Statements. Photoshop Guarantees and Money back pledges, drone, blah - it's almost become a parody of itself.

Then there is the Propaganda and Counter-Propaganda. Websites - decrying one and promoting the other - usually because one works for or knows, been payed by - those behind it, some even copy and paste the Blurb written by them and call it a "Review". One I wrote to - where my Name was changed - another asking for my Email Password, both of which seemed rather like the very sites they write about!

In the end, if whoever responsible for it is that confident that their Program works - and will make you anything like the Money they claim - when they do contact you ask them if you can borrow the paltry £250 to set it up. Mere Bagatelle to People who will make you "half a Millionaire in 30 days", and when you have made your first few 1000 - you could meet them, do all that stuff the Bloke in the Video does, or just celebrate your good fortune with a Meal and Night out. Not only do they get their Money back they also get to live up to their own Hype!

As People look for alternative incomes and solutions to minimal wages and unemployment these People are potentially very exploitative, while the actual premise of trading on the Internet is as sound as sending Email and all the other good things it offered.


I read heaps of reviews about a certain Auto Trading Program, saw the Videos, those "Live Trades" etc, and after a few days decided to do it. Suddenly all those reviews are null and void because I got assigned this Broker - and the complaints seem almost as omnipresent as that Programs reviews.

Almost instantly, my back was up. Clicked on "Chat" for the Brokers Website and it doesn't work. Fine, so I'll contact the Support People at the Software Office. Ahh, can't be found - at least not until I make my Deposit. So much for their vaunted "Superb support" etc. Asking to get them to assign me a different Broker, y'know - like the one all those Reviewers use.

Because of this I have not made my Deposit because it all looks very flaky. I don't think it's right that these Software Companies can operate a System of Pot Luck when it comes to which Broker you use, while I think you should have the Option (no pun intended) to choose which one you want an Account with.

This will put People off - and I'm not surprised, while the stuff I'd read about a Broker affiliated to that Program looks like the sort of thing we've come to expect in the shadier areas of Binary Trading. I hope that the Software people sort this out and maybe they should reassign any Customers with the Broker their glowing reviewers use.

There were a few questions I had for the Software People...

The first and obvious one being the Broker Assignment - that they should tell you which Broker you will have BEFORE you sign up.......surely? That you don't open a Bank Account with HSBC - only to find you've got one with Nat West, or say that HSBC has "HSBC" in big letters on the Premises.

That the 'Reviews' are not only with a Broker I didn't get assigned to - they are based on 10 Minute Trades. My Broker doesn't offer those - so - how can the Software work?

That they might claim their Program makes a lot of Money - but that means diddly squat if you can't withdraw it.

That the Website the Broker uses looks suspiciously like some of the less than reputable Sites operating at the moment. A new word can be added to the lexicon of Hypespeak - "Viral" - which sums it all up - perhaps unintentionally!

Here are the main - and quite common - criticisms People have had about this particular Broker...

That they can't make a Withdrawal.

That the Broker does Trades for them - frittering away any Profits, Balances and Deposits. This isn't with any Autotrading Software, just individuals working for them.

Completely stonewalling any attempts at contact and communication.

All of this is why I'm reluctant to continue because regardless of what any Software Program might claim, it's rendered meaningless if the Broker is shonky. That it might make you Money - but that could easily disappear if they do Trades without your consent.

The crucial bit is when you transfer Funds to your Bank Account, until then your "Balance" is meaningless!

The things that put me off were.....

How I couldn't contact the Software providers UNTIL I made a Deposit

How the reviews were for 10 Minute Trades - not available with that Broker (thus; irrelevant). Do they really check their Brokers for compatibility?

How there wasn't even a "Withdrawal" facility on their Webpage.

That the Video wasn't working like any YouTube Vid might (ie; You couldn't replay it)

How the Brokers "Chat" Facility wasn't working.

Some of this suggests that their Website isn't up to the Job. After all, how could you do a manual Trade soon enough if you have to struggle with the HTML to get it to work at all?

Also, 'Trading' must be quite difficult if there isn't a 'Trading Platform'. (which any site usually shows - even if you have a nil Balance). If I could post a Screenshot of their Website - and one of the many serious Trading Sites - you will see the difference between what any namesake Trader might use - and what can be done with Wax Crayons and bits of coloured Paper. I'm not saying any Sites should be overly complicated, but there wasn't very much to work with at all.

So if you can't access any trading page how do you know what you are going to be using?

It was similar with some Autotrade Programs. That there wasn't any "Contact Us" on the Page at all, while when I googled them what that showed looked nothing like what I got sent to after clicking their Email and subsequent Application Form.

In the end, my Conclusion was this.......

That the (Software) Web-link I clicked on must be a Spoof. That if People could spoof Paypal like they did a few years ago they could do with this

The Giveaway was how it didn't have an SSL Certificate. This is the Padlock and HTTP you see in your Browser. If this isn't there then it could be someone spoofing the Site - using a temporary Domain to do so. It also means that there is no secure Connection with the Provider, thus anything you send or receive can be read by any third, fourth, fifth etc party who cares to.

In other words I was right not to continue with the Application -while equally right not to use Autotraders that look amateurish.

Watch this Space for more - as I continue with the next instalment of a Story that was at best frustrating at worse traumatic.

Click below for something rather more reliable..........

By all means share this to Facebook, Twitter etc


  1. Meanwhile, it seems CySec have published a List of Binary Options Companies they warn against, at least according to this.....

    I'm starting to think that the Binary Options Scam is done as this could be the first stage in many being closed down or lose whatever License they have.

  2. What confirms that is how it seems the biggest supplier of Communications Infrastructure in Britain has dropped their Affiliation with an Options Company - even a reputable one. That maybe all of it seems to have acquired an irredeemable Rep of Scams - too many complaints and irked People.

    What is perhaps even more sinister about some of the less reputable Companies isn't necessarily how they might scam you of £250. It's how they obtain all sorts of other Stuff in that Process. Your Passport, Driving License, National ID Card, Utility Bill, Municipal Correspondence (letters from Council etc) Bank Statements with IBAN and Account Numbers, Details of any Direct Debits (a Security Question Banks will ask when you phone them is usually about that) and potentially most damaging of all - your Debit/Credit Card Details. They tell you their Computer deletes the CVV Number as soon as you've made a Deposit - but what's to stop them from jotting it down somewhere?

    Considering the Scale of Organisation I wouldn't recommend a high Resolution Pic of your Passport either. This could be forged from that, while if a Black and White Photocopy suffices for the DWP and Employer Records so something that just shows the necessary Details should too.

  3. Meanwhile, in the US they have Regulation of Binary Options Companies that includes prohibiting them from cold Calling to tout for Business. Shame we don't have it here. When do these People start becoming a Nuisance? The only Company that has any real market Presence in the US is NADEX - probably for that reason.

  4. Meanwhile, here's an Historical Diagram for everyone from former Archbishop Envoys to anyone in the Yippieocracy who tries lumping us in with any Islamic Extremists......

    I decided to post this in all these Threads for those who haven't read it.

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  6. This is one of the most interesting and well thought articles I have ever read on binary options. A+ on this one. Looking forward for more interesting articles.

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  7. If you get a Phone Call from these People.... 02037000000, don't answer it. When you do - and speak to someone called Elaine - you try and politely tell them that you're not interested, like I wasn't - because somewhere in the Conversation you will be asked to make a Deposit in some Trading Company - they start getting sarcastic with you. You then say - "if you're gonna use that tone with me I want to speak to your Boss" they continue being sarcastic. It's here that you stop being polite!

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  9. There's a commonly held Myth about Binary Options that it's somehow seen as 'Trading'. It isn't, and every time you put Money into it you haven't just bought Shares in a Company. The more of these you have the bigger the voting Rights you might have on a Board of Directors, the longer you keep them the more they increase in value etc. All you've done is put Money on a Roulette Table with a 3rd Party against the outcome of the values of those Shares in exactly the same way as you might on a Horse in a race at Ascot.

    The essential Difference is that while it might be mutually beneficial for your Shares in a company to succeed it certainly isn't with Binary Options. After all, if everyone kept winning how long would a Casino or Bookmaker last? If a Company Share Option continued an upward trajectory more People invest - these continue to increase in value. How can that work similarly with something that isn't even an Investment in a Company and is merely a Bet on what might happen?

    So, the Websites might look like they were in the City/Wall Street, the jargon might sound like Brokerspeak (they even call themselves "Brokers" when Croupiers might be a more accurate title) but this isn't something you might find Gordon Gecko doing in a film starring Micheal Douglas!

    Also, beware of phone Calls from 'Brokers'.

    They do this touting for Commissions (which is a polite way of saying how they're gonna encourage you to put more Money on the Roulette Table and - of course - lose it!) I get them all the time, and although it might be from what looks like a London Phone Number it's more than likely coming from somewhere like Tel Aviv (Scam Central for most of this Activity). If they weren't Scam Artists why are they hiding behind these Phone Numbers - sometimes even just temporary ones? They do this so they can run a Scam for a certain period of time - then shut it down, keep the same Premises, the same Phone Lines etc, then use a different 'Host' Number to cold call other People in a newer Scam. I've phoned several of these back in the last few years only to get a recorded message saying "Sorry the number you have just called isn't available". Bit weird considering it has just phoned me, even weirder as it has a UK area dialing Code, its America Accent making it very very peculiar. The thing is it isn't even American and is probably Israeli - recorded for People phoning from English speaking Countries.

    It got particularly disgusting when one of these phoned me very recently complete with some Hip Hop Music in the Backgound - and I told them I was going through a Bereavement and wasn't intersted in speaking to them. I was incredulous at how he said that I might be a bit emotional etc at the time, and he continued with his Bulshitspeak. Subsequently, I called him a grotty little Spiv - and go forth and multiply. Suffice to say that the little Pastry who called me a few days later got a similar Response!

  10. Adolf Hitler was a Scam Artist......

    He scammed the German People in the 1933 Election. He scammed the Weimar Republic when they made him Chancellor. He scammed both when is SA burned the Reichstag, blaming the Communists - then suspending Democracy (for 12 years). He scammed World Leaders like Lloyd George ("he's only rehabilitating Germany after WW1 and the economic Slump") and Documentary Makers like Bernard Shaw, he scammed his own People with Anschluss, he scammed Celebrities like Charles Lindhberg, he scammed Chamberlain and Daladier at Munich, he scammed the World when German Soldiers dressed as Poles attacked a German Radio Station - thus starting the Invasion of Poland, he then scammed the World when he reneged on all Assurances and invaded the low Countries and France. He then scammed Molotov when he invaded the Soviet Union, He also scammed his own Officers.

    Israel was given as a response to the Consequences of that Scam Artist so it should be the last Place you would expect this sort of Activity. There's a Difference between a Company like 24 Option who don't cold call People selling them a "Trading Account" and those that do, usually through one of those horrible little Autotrading Robots that scam you of your Money (which is how they get your Phone Number).

    Also, the essential Difference between Binary Options and Stock Market trading is this ......

    Say you have Shares in a Company that are worth a GBP each. Even if the Markets plummet by a huge 50% you still have 50p which could recover to its original start point. If you buy a Binary Option and it ends just one Pip in the opposite Direction of a "Call" (above) or "Put" (below) your Money is completely wiped out.

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