Response to the Philip Masters Binary Options Scam Series

Good morning Philip Masters.

I'm current reading your 8 series article on The Great Binary Options Scam Series and the true scam that they are. I learned about them by clicking on a hyperlink which I had repeatedly seen to Torrents. Before this I had never heard of Binary Options. To cut to the chase, 1 week later I found out what an absolute scam these options were. OMG! How the hell were people getting sucked into this; a little thing called 'due diligence'. They never did any!

I found a lot of the sharks were peddling their crap on YouTube. What I've done is I’ve posted the following on every Binary Options video on YouTube I can find, and will continue daily for the rest of the year.

Here is the article I wrote:

I started researching Binary Options Trading about 1 week ago, having never heard of them and never experienced online trading. I did solid research, spending a lot of time on the BDB web site going through the education, and learning as much as I could about TA. I then found IQ Option and opened up a demo trading account. Based on my TA testing I found that consistently, using Bollinger Bands alone, I could make anywhere from $5000-$10000/day. My ITM strike rate was between 93.3% and 100%. If you're prepared to sit there for several hours this is possible. My head started spinning thinking about how much money I could make. Then I did something interesting. I entered a search into Google; 'Do banks use binary options'. The journey I began blew the absolute lid off Binary Options Trading forever. Binary Options are nothing but a legitimate scam to take your money. The testimonials I was reading were truly jaw dropping at the amount of money people had lost. Anyone can win money with Binary Options Trading; try getting it out. Don't take my word for it, there is a huge list of links you need to follow and read. Trust me; you will lose your money. Regulation with Binary Options Trading means absolutely nothing. The awards that these Binary Options companies have won mean nothing.

There are several websites which blew the lid on all the 'so-called' leaders in the Binary Options Trading industry; there is no industry. These guys will rip you blind. With those sites just click on the broker logo which will take you to their website with a bogus review. Persist until the end and then start reading the replies by clients who used the Binary Options trading web site/platform; it will blow your mind.

After completing my 'due diligence' I can say that Binary Options are one of the biggest, unregulated, and financially destroying scams on the Internet today. They will deplete your bank account in no time. Use all the resources on the Internet to research Binary Options and the scam that it is; an extra couple of days researching could save you thousands.

I would love to help you out on any research with Binary Options and the absolute scam that they are. I will write articles, blogs, testimonials, anything to get people to not invest in Binary Options. How do we get at the so called 'regulation' to shut these brokers down? I feel like flying out to Cyprus and firebombing their offices.

Loved reading your article, and hope you succeed on your Binary Options crusade; get those bastards.

 

Luis

  • Share this post!
Posted by

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.

Fundsaver Services targeted by CySEC

Fundsaver Services targeted by CySEC

It appears that the appeal of binary options trading is so big that the industry is literally inundated by firms offering online retail binary options trading services and claiming to be licensed to do so when in fact they are not. Regulators and market watchdogs in many jurisdictions are...…

Published: Thursday 29 October, 2015

Binary Options Scam by Jacques Picard

Binary Options Scam by Jacques Picard

HiI opened an account with BinaryBook on April 6 2015, with a $500 deposit . In may I deposited an additional $5000 to my account. At that point a 10000$ bonus was added (without any request from my side) to the account that was managed by one of the brokers (Mr Curtis). In August 4...…

Published: Thursday 29 October, 2015

What to do when you think your binary options broker has scammed you

What to do when you think your binary options broker has scammed you

Because we are receiving increased volumes of complaints by traders who allege they have been scammed by binary options brokers, we decided to publish this short post to readdress certain basic points regarding this issue. First of all, although much easier than trading forex and thus mor...…

Published: Thursday 29 October, 2015

Binary Options Scam safe-option.com by Pierre Mifsud

Binary Options Scam safe-option.com by Pierre Mifsud

On the 26 th March 2015, I deposited 250 euro with this TK CORPORATION LIMITED  website www.safe-option.com which only later I learnt that this was not  licensed by CySEC. I traded upon full verification and had never accepted any bonuses I managed to bring this up to 500.98 euro ...…

Published: Thursday 29 October, 2015