Scam Brokers
Not all binary options brokers are doing their business in an honest way. The table below features the brokers that earned a rather bad reputation and are often characterized as ‘scams’ among binary traders. It is advised to avoid such companies and move your trading funds to a safer broker.
- Binary-Banc
- Min. Deposit: $100
If tested on this criterion, Binary-Banc can be particularly identified for their poor communication system.
| Online Since | Demo Account | Regulation | US Traders | Rating |
|---|---|---|---|---|
| 2011 | No | No | No | 1.00 |
- Bloombex Options
- Min. Deposit: $200
When someone logs on to the Bloombex website, the first thing can be noticeable will be their website’s speed, which is very slow.
| Online Since | Demo Account | Regulation | US Traders | Rating |
|---|---|---|---|---|
| 2009 | No | No | Yes | 1.00 |
- EUOptions
- Min. Deposit: $100
EUOptions is one of the online binary trading brokers, offering around 50 financial instruments from the leading financial markets across the world.
| Online Since | Demo Account | Regulation | US Traders | Rating |
|---|---|---|---|---|
| 2011 | No | No | No | 1.00 |
It is important to note though that the websites listed here are not necessarily scammers or fraudsters. Sometimes, a broker’s reputation may be a result of false complaints or simple misunderstanding between the customer service and traders. The brokers listed above look like scam to us, but it is not a guarantee that you will have bad experience doing business with them.
