We would like to say that all signal providers are honest operations with different levels of skill and different success rates. That is unfortunately not the case. The binary options market is a market that turns over a lot of money and binary options signals are an expensive product. This attract cons and scammers to the industry.
There are a lot of honest providers that you can choose from. Unfortunately there are also some scams you need to avoid. On this page we will teach you how to detect scams and provide you with a list of scam providers. You are very welcome to contact us if you want to report another scam provider. We will look into your claim and add them to the list if they are in fact a scam.
How to spot a scam provider
It is usually easy to spot a scam when you know what to look for. Most scam providers know that there is only a matter of time before they are going to get reported and listen on black lists such as the one further down on this page. When this happens people who search their name on Google is going to see these scam reports. This makes it a lot harder for these scam sites to make any money. Most scam providers are therefor fly by night operations that want to make a lot of money quickly before they close down shop and move on. It is not unusual for the same crew to be behind several scam sites.
Too good to be true
Most scam sites want to attract as many client as possible in as little time as possible. To achieve this they often make themselves look as good as possible. Usually too good. If you see a signal provider that seems to have a success rate that is to good to be true then it usually is. The very best signal providers tend to have a success rate around 80%. When you see a provider claiming to have a success rate of over 90% you can be almost sure that they are a scam. If you see a provider that claim a 98-100% success rate you can be completely sure that they are a scam.
Established website?
Another way you can detect a scam provider is by using the Archive.org internet archive. It allows you to see how a website have looked in the past. If a company claims to have been on the market for years but if there until recently were nothing (or a completely different site) on that domain when you check archive.org then you know you should be careful and investigate deeper before you subscribe.
Does it feel trustworthy?
You should also always look at the over all feel that the providers website gives you. Does it seem like the website of a reliable provider. Do not pay too much attention to how the website look. It is easy to build a pretty website. Look instead on the quality of the text provided. Does the website contain many linguistic errors. Is their form text present. Can you see obviously fake addresses. Pay special attention to sub pages. Scammers usually but a lot of effort into the main page but often leave mistakes on the sub pages.
How to avoid getting scammed
Many scams are easy to spot. Unfortunately there are a smaller number that are harder to spot. The best way to avoid a scam is therefor to visit a website like this one and read what we have to say about the different signal providers. The signal providers that are listed on this site have an established history and have provided a good service to a lot of other traders. Any site that is no longer keeping the same standard as before is removed as soon as we here of any problem with them. This gives you an easy way to find and compare reliable signal providers.
List of binary options signal scams
- Safe Guard Trader
- FinTech Limited
- Navstar Trader
- Perpetual Formula
- The Money Glitch
- My First Online Payday
- Limitless Profit
- The Amissio Formula
- Push Money App
- Zulander Hack
- Sydney System
- Secret Algo Bot
- Overnight Profit APP
- Binary Reserve System
- The Pearson Method
- Protected Profits
- QUICK CASH SYSTEM
- Occupy Wall ST
- MockingBird Method
- Spectre System
- Channel Ranger
- Bayesian Binary
- Ultimate4trading
- Platinum Profits
- Triple Threat Trade
- Medallion App
- Star Wars Binary Bot
- 7 Figure Challenge
- Aussie Method
- Guaranteed Payouts
- Stock Market Jackpot
- Simple Profits
- Million Dollar Months