BinaryDas Review | Scam Broker Investigator

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SpotOption is perhaps the most popular of all binary options trading platform providers and it offers a lot of user-friendly, useful and interesting features, tools and ad-ons. For this reason is has attracted many white-labels, each trying to add their own touch to the overall offering and attract customers by offering an enhanced, differentiated trading experience.

BinaryDas is an example of a binary options broker which is also attempting to do this, but seems to fall short on its efforts. It jumped on the binary options bandwagon in 2013 and its offering in terms of the trading types and tradable assets available can be said to be satisfactory, yet typical of many other SpotOption white labels and thus unimpressive. The same goes for other aspects of the trading experience with BinaryDas, such as the account types it offers, the deposit and withdrawals methods accepted and the relevant procedures involved, as well as the broker’s bonus schemes, customer care and assistance and the materials and tools provided for educating customers.

What is perhaps interesting about BinaryDas is the fact that the site is available in English, French, Spanish, German, Hungarian, Romanian and Russian, which may be revealing of an eastern European affiliation of the people behind this brand or their intent to target clients from these countries. However, this is not reflected in the local phone numbers provided for customer support, which are local numbers located in Australia, the United Kingdom and Canada.

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Since BinaryDas is an unregulated broker it is difficult to obtain and verify the exact details about who owns the company and where its seat is situated physically. This raises issues of transparency and rightfully makes potential customers hesitant of dealing with this broker.

 

However, the primary reason why BinaryDas was placed on the binaryoptionswire list of blacklisted binary options brokers is that there are growing indications that this broker is engaged in fraudulent behaviours. The main gist of allegations against it from a growing number of traders who feel they have been deceived is that the broker has consistently failed to proceed with processing their legitimate withdrawal requests and that therefore their funds remain trapped in their accounts and the broker refuses them access to their own money. What is even more frustrating is that attempts to communicate with the broker seem to be always hitting on a wall, since persistent phone calls and emails are reported to remain unanswered, with customers also complaining that even the live chat is almost always offline or messages are never answered there as well.

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George Milios

George Milios is the founder of onlineforextrading.net, the binary options and forex news portal which is dedicated to providing you with all the information you need to successfully trade.

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