List of Not Recommended Binary Options Brokers

Yes its true- Even the Best Binary Options Brokers Suck sometimes! Binary Options brokers are popping out like mushrooms after the rain and making it very hard to distinguish between the good ones and poisonous ones. This list of not recommended Binary Options brokers was created after hours of research and continues to update every day. There are several reasons these brokers are listed here: Firstly, they are unregulated brokers. For us in Binary Options that Suck, only regulation or brokers in progressive process of regulation could revoke all suspicious for a Binary Options Scam hence are recommended. Second, these brokers’ cons have exceeded their pros. Whether the problem is bad user interference, support or exaggerated funding demands, if a broker isn’t performing in the highest level of transparency and performance required by BOTS team, it is not recommended by us. It’s important to understand that the fact these brokers are listed in the not recommended brokers list doesn’t mean they are scam or a fraud. Readers are more than welcome to change our mind about these brokers or share their other feelings with us.

 

Not Recommended Binary Options Brokers
Site Regulated? Rating US Review Visit
Banc De Binary CySec, FCA 7.7 / 10 Review Visit
OptionBit CySec 7.5 / 10 Review Visit
OptionRally CySec 7.4 / 10 Review Visit
Opteck No 7.3 / 10 Review Visit
AmberOptions No 6.8 / 10 Review Visit
OptionsXO No 6.7 / 10 Review Visit
FMTrader No 6.6 / 10 Review Visit
DragonOptions CySec 6.6 / 10 Review Visit
StartOptions No 5.9 / 10 Review Visit
WinOptions No 5.5 / 10 Review Visit

 

Why these Binary Options Brokers suck

Just like every other business, when a costumer invests his money and time he expects the best service available. When it comes to Binary Options, brokers must offer the best service and advanced technology available to ensure maximum satisfaction. Only the best Binary Options brokers maintain top quality trading performance, the others are listed above for a reason. We focused mainly on 3 main categories: 1. User interference-whether the website is user friendly or not, the level of support, learning material etc. 2. Trading platform- Problems related to the trading system, including variety, expiry times and special features. 3. Funding issues- What’s the minimum deposit/withdrawal, how big the bonus is (for good or for bad) and other charged fees. Take a close look at our reviews before choosing a broker to understand more!

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43 Responses to “Not Recommended Binary Options Brokers”

  1. Mark says:

    BDB is SCAM , they put bonus to your account after you request to withdraw funds , they tell you that you have to trade it 30 times on volume even if you never asked to get any bonus.
    also binaryoptionsdaily , I complained many time on there website about BDB and they never post my comments , advise don’t use this website to review brokers

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  2. kirk demoss says:

    vipbinary is a problem, as well. suspect on quote fulfillment, no support at all on questions about wrong trades at fulfillment. they suck. do not do business with them.

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  3. Adam says:

    vipbinary is a scam, I have been waiting for a withdrawal for more that 15 business days now. They answer my chats or emails.

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  4. Mary says:

    DO NOT DO BUSINESS WITH VIPBINARY….THEY ARE A SCAM!!!!

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  5. martin pinzon says:

    ######### SPAM USER – 10 COMMENTS FROM THE SAME IP – Used 6 different Names ################

    Finding the right binary broker,wondering where and what to invest was my biggest headache, until irecently came across this place 777Binary. They have excelled the binary trading, and made it easy as a,b,c. gotta share it.

    Please do Not post any Spam on our comments area. Our system will approve and activate the warning sign.

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  6. BILL KLEIN says:

    Do not do business with Cititrader it is a scam.

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  7. terence daley says:

    vip is good at avoiding questions or comments on withdrawl, 9 months later and they still have my $400 I refuse to do business with them they SUCK

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  8. Sombra says:

    Option XO Are SCAMM!!!!!My last trade was: DOWN (PUT) GBP/USD 04/05/13 Entry 1.53388 “Expire Time ” 1.53390

    BUT THIS INFORMATION IS INCORRECT !!! THE REAL PRICE ACCORDING WITH YAHOO, REUTERS AND OTHERS WAS: 1.5337 !!.. THIS GUYS HAVE THEIR OWN FOREX NUMBER JUST TO MAKE SURE YOU DON’T WIN THE TRADE…

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  9. Jim Ijames says:

    24optios still advertises $250 on web but when you go to set up account it is $500.

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  10. chris waterman says:

    777binary brokers all say they are senior, boy, do they know how to loose money, I think I could loose it just as fast on my own without there expert advice

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  11. Felix says:

    Do you have a valid phone number for option licks? I have requested a deposit refund for over 6 months now and they won’t respond. This is nothing but online theft. Any advice on how to report these crooks to the authorities?

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  12. Ben says:

    LOOK OUT FOR XP MARKET binary Options scam. Put in £2000 and kept a diligent state of my account to every trading. Downloaded on my Excel software. After a short period when £485.19 was not accounted for the senior manager who looks after my account asked me to contact support and report. Did not receive any reply. I was in direct contact with my XPMarket senior manager on skype. He tells me there is nothing wrong reports the account dept to him. Now why do you think support did not send me any details or even reply to dozen of emails sent? I requested my senior manager to send me the account and prove it to me there is no errors. As he did not and repeatedly said the account dept has checked several times. I asked why support did not respond to my many requests for the my account. He did not want to know. I send him all the daily statements and the missing part where it jumps from a point showing the short account. XP then closed my account and would not return my emails. You are able to contact them and they will be in contact with you before you dump money into XPMarkets. But after, they is no way you can contact them by phone.

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  13. Sandra says:

    has anyone heard about vault options or trader XP as brokers?

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  14. njabulo says:

    VaultOptions they don’t reply on my email I sent concerning the withdrawal I made on the 27/11/2013 its the 15/12/2013 today but still I haven’t received that money. Bad Broker

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  15. Howard says:

    You forgot to list BO Capital. Promises bonus payments after initial investment that never materialize.

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  16. Frank says:

    I wish I could get this information before I invest a lump sum of money with some of these brokers just to loose it. I even lost even with 24option. But your explanation about why even trusted binary options brokers suck is somewhat acceptable. I’ll try to be more careful in the future, because they almost use the same tactics to attract people.

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  17. makanju says:

    Nrgbinary is sham. They are not regulated. They promised heaven and earth before deposit and when you want to withdraw your money they start telling you stories. They are not regulated either in Cyprus or anywhere so you can only take them to court.

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  18. Mark says:

    Yeah I noticed this on other review sites, the people that run 777Binary are obviously spamming fake reviews…They are woefull…avoid.

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  19. Elly andino says:

    Do not trade binary options with
    Traderush
    Tradersking
    Lbinary
    They just screw u and take yur money. I lost over 120k trading with them and never got a penny from them.
    Stay away from them they r liars and theives

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  20. ronald says:

    I MUST SAY BASED ON MY EXPERIENCE.. DO NOT TRADE IN SETOPTION (http://www.setoption.com)THEY ARE TOTALLY SCAM!!!! THE SUPPORT IS *******SHIT!!(DUSTIN) THEY JUST WANT YOUR MONEY THEN AFTER ALL THEY WILL NOT ENTERTAIN YOU AGAIN..HOW RUDE.. I HAVE A COPY OF OUR CONVERSATION SO I’M NOT TELLING LIES HERE.

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  21. June says:

    Zenith Options is a Scam. You will not get your money back. Horrible Customer Service.This binary options provider is corrupt.Run in the other direction there are plenty of Binary options providers that offer great service and fast withdrawals.BAD IDEA!!!!!

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  22. Boris says:

    hello, first i like to say thanks for all the usefull info and great school! im a newbie and studiing my brains out!
    i do like to know if anyone heart of optiontime.com
    Its owned by Safecap. they suppose to be the first broker that uses the Keystone Binary Options Trading Platform. they have a pro traiders tab with a chart and tools. are they any good. anyone tested it already? is the broker okay?
    be gratefull for any anwsers.
    sorry for my bad english. (not a native speaker)

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  23. john says:

    Zenith brokers is a total scam-
    1) you can never get your money back-have been trying for 6 weeks to get some winnings-no result
    2) no customer sup[port-they dont even answer your e-mail, and you can never call them,
    3) they give you bonus so you can never withdraw your cash-and even when you ask for the bonus to be removed, they still do not givbe you teh cash

    TOTAL SCAM-Do0nt use them

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  24. makoy says:

    correction: traderush has poor customer service. my account manager urged me accept a bonus in which that time i was new to binary options. he didn’t guide me or teach me strategies to win trades. they are just good when you deposit the money but after that you are worthless to *them. as long as you keep losing, they are happy…

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  25. Hendrik says:

    TRADERXP IS A FRAUDULANT BROKER THROUGH THE ACTIONS OF ACCOUNT MANAGER ADAM ANSARI.
    On 3 April 2014 I deposit $250 with TraderXP to trade Push Button Millionaire. On 3 April I received an email from AdamA who advised me that tried to phone but there was no answer. He can only get my email address and mobile number through my apllication and deposit details. On 4 April I submitted all my Identification Documents as required to TraderXp. Once I place the 1st trade and lost, I discovered that Push Button Millionaire was a scam system as the system they market is not the same you get once you deposit money with the broker. I received a $250 bonus from TraderXP. I then decided to close my account. On 10 April I request a withdrawel which was successfully processed. On 17 April I checked with support as to when I expect my money. I was informad that it takes 7 days. On Friday 25 April I was contacted on my mobile by Adam Ansari and when I questioned him on my withdrawel he confirmed that he knows about it but he wants to help me to trade Binary Options. He conned me into a sure trade saying that I will end up with close to a thousand dollars that night and convinced me put $400 on Gold in a Call for 20.00. This I did. During the weekend I tried to enter the brokers platform with my email and password but I keep getting a message that I use the wrong email or password. On Monday I contacted TraderXP the reason for being able to access my account details and was informad that I am not a client of theirs and that they find my email listed in their system. After a number of emails between us they informed that I was registered under a foreign email and that I should use that email to communicate with them. If I use that email it is tantimount to fraud as that is not my email address at all.
    WHAT REALLY HAPPENED IS THAT THE RECOMMENDED TRADE BY ADAM ANSARI WAS A LOSS AND HE THEM WIPED ME OFF THE SYSTEM SO THAT COULD NOT DISCOVERED WHAT HAPPENED.
    Once I supplied them with the registration proof they broke off all contact with me.
    TRADERXP AND STAFF ARE THEREFOR FRAUDULANT AND TRADERS SHOULD BE AWARE OF THEM.

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  26. moseki moepadira says:

    i want to do business with trade rush, i don`t know if it is a scam or registered.

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  27. Sam says:

    How about BIG OPTION? I signed up won some $$$$, then asked about a withdraw, got no answer. I am just now starting to trade, did I pick the wrong Broker??

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  28. Terri says:

    DO NOT invest your hard earned money with OPTION MINT Binary Broker in Toronto, Canada. You Will Not See it Ever Again. Their Customer Service Dept. (and con-artist CHAD) will LIE and SCAM and tell STORIES to you so they get every cent of your BONUS AND lie to you to make you want to deposit more money so you can lose it as fast as they can make a phone CALL to YOU. And they’ll keep calling you until you’ve LOST it ALL at their Cust.Service command. Their customer service dept. does Not Want to Keep their traders happy at all. They don’t even want to Keep them AT ALL.”

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  29. Kay says:

    Ive used zenith options for the past month and ive realized the customer service is non existent as they never pick up and never reply to theyre so called “Live online chat”. Basically I made double the amount through my own mean of signals. And now they are refusing to give me my money back. I make a withdrawal request then a week or 2 later i would recieved an email saying “Your withdrawal request has been rejected” And that is all the email will say, no reason as to why… So they take money no problem but to give it back will take a good couple months. Im trying to find a way of withdrawing all my funds and using another broker. Zenith options are one of the worst, if not the worst broker to use concerning binary trading.

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  30. Dalia Saleh says:

    I want to report http://www.bfxts.com. This company comprises a bunch of amateurs. I was contacted by them and they convinced me to invest in binary options. I transferred USD 1000 from my credit card on April 21, 2014, and I gave them the details of my card as part of completing the procedures. For a whole month, they did 2 or 3 transactions where they did a decent profit, then they lost the profit and part of the original sum. I asked more than 5 times to refund the remaining sum of my money, and they refuse to give it back to me till today. So, my situation is as follows:
    – I Lost USD 1000 from my credit card, which I have to pay back to the bank.
    – I am paying interests on this amount since the end of april 2014.
    -My details were abused, and I found that a transaction was made through my card on http://www.dellmont.com, which I suppose was abused by them, coz I don’t use this card on the internet, except this one time.
    – Now I have to suspend my credit card for two weeks, re-issue another one for extra fees.

    It was the worst decision I ever made in my life. Not recommended at all.

    I recommend more http://www.nrgbinary.com. They are more trustworthy and decent and very disciplined.

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  31. Alastair says:

    Hi,
    anyone heard of big options and are they a scam

    Al

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  32. Richard says:

    I don’t see Spot FN on any of your lists. I’ve been trying to get my withdrawal from them since June 8th. They have my picture ID and docu-sign form -but no one can tell me when my withdrawal will be processed.

    I have more info about my problems with Spot Fn, including a log of when I called and who I spoke with. If I see this company on your list of scam brokers I will respond with more.
    Rich M

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  33. topaz says:

    Hi
    I am new to Options trading and have signed up with Big Options. I noticed they are not on your list. Have you heard anything about them??Any comments would be appreciated.

    Topaz

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  34. a a says:

    Hi,
    Just wondering if anyone can tell us anything about bigoptin… and interactiveoption .com

    Thank you

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  35. khulood says:

    interactive option will never pay you. i’ve been trying since may to withdraw my investment with no luck.

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  36. kai outzen says:

    Try to make withdrawal from Lbinary ,its like getting blood out of a stone . Yes i only had bad experins with them . They cancel all my withdrawal attempts . After talkin me into depositing a lot of money by so called manager named Michele Zapos , after my deposit she became very scarce , she assured me withdrawals would be a breeze without hassle . when i lost half my money after 2 months i decided to withdraw my money. Lo and behold she had planted a small bonus without my permission , now i am in limbo. In short Lbinary is built on lies, deceit , manipulation. If anyone have an ansver i like to know about it. they refuse to pay up , i even heard them laughing at me on the phone.

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  37. speedy says:

    Is anyone familiar with YES OPTION? I have been researching binary trading and different companies and they come highly recommended but can not find much on them…anyone has info it would be appreciated.

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  38. Kenny says:

    http://www.Options24Hours.com
    My experience is one of horror. I received a cold call, but as I had used Binary options sites previously I suspected that they were in the habit of passing on information of past customers
    Anyway, I was persuaded to deposit $500 to allow me to show them what they could do, and fair enough, I got an “insured” trade which won, and this took my account up to $850. As these “Insured” trades were only available for new deposits I was again persuaded to deposit $2,000, which again became $3700 after another successful trade. Now my account was at $4550 for a deposit of only $2,500. It sounded too good to be true, but I was promised that anytime I wished to withdraw money it would be returned to my card account within 48 hours. I had no need to withdraw the money at the time. I was then persuaded to boost my account once again, so deposited another $2,000, which once again traded successfully to boost my account further. I was then asked to take one final step to reach “Platinum” status, which would earn me five trades per week, as well as the “Insured” trade which came along with the deposit. I went along with it, gave them permission to withdraw $10,500 from my account. Unfortunately, due to an “error” on their part, they withdrew a total of $15,000. When I pointed out their “error” they apologised and asked my to make out a Withdrawal request for the additional $4,500 which they had taken without my authority, assuring me that it would be in my account within 72 hours. Meanwhile, the “insured” trade went ahead, winning as usual and my account was just short of $40,000, including my additional $4,500. I went on vacation then and was out of contact, but I checked my bank regularly, looking for the $4,500 coming back into my account, but it never arrived. On my return, I began sending e-mails to query the delay on the return of my money, and also completing a deposit form which they requested. They responded confirming the receipt of my deposit form, but did not respond in regard to any query I made on the delay in the return of my money. I sent e-mails to the trader who was in charge of my account and whom had always spoken to me on the phone, and also to their support team, and to their accounts team, but did not receive one response. By this time my concerns were fearing the worst, so I went into my account on 20th Oct and requested the withdrawal of the remainder of my funds which amounted to $37,085. I checked my account once more today to see what had happened (to see if my withdrawal had been approved) and was horrified to see that only $585 remained in my account. On checking my account records, I found that my withdrawal request for $37,085 had been “Cancelled” and on the same day they had continually made trades of $5,000 from my account, losing on all except two occasions, until such time as my account was depleted to the sum of $585 which still remains in my account. I have made a further withdrawal request for the remaining sum, but I rate my chances of receiving anything from them as nil…or possibly less.
    So, beware…. DO NOT EVEN CONSIDER USING Options24Hours

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  39. Elotbaba says:

    Ok, guys, what about rboptions, are they good guys?

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  40. Malcolm Roberts says:

    I had made a NrgBinary Options withdrawal request on my deposit balance – many months ago. Still awaiting for the funds. My backroom with them shows it was approved. But never seen the funds in my bank. No replies to my several requests to support to help explain were not replied.

    I suggest NrgBinary Options is listed here as “unrecommended.”

    I can submit more proof on this score, if need be.

    Please resond. Thank you.

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  41. Kersten says:

    Why is Grand Option in this list? They are 24Option’s sister company.

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  42. Jeff says:

    Can we add BO Capital to the brokers that suck list?
    Their web site is : http://www.bocapital.com/

    I have an account with them and requested a withdraw that the approved over 1 month ago and they have not sent the funds to my bank account and they refuse to answer my emails to their support email address where I an requesting an update on when these funds will be made available.

    They also never seem to be available to answer the phone either…
    Are there any other sites out there where I can share this info to help others not get taken by these people?

    Don’t trust these guys.

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  43. Linda Haddix says:

    Do not invest with Tiger Options. I wound up loosing many thousands of dollars trying to get back my initial investment. They tell you it is insured — when it isn’t. Then they sell you a get even program and then don’t answer their phone so that you violate “must trade every day” rule.

    No. No. No. Don’t do it.

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