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coffee cash cheat

A Summary of All Binary Options Scam for January 2016

January 28, 2016 by Patrick Jones Leave a Comment

If you have been emailed or contacted regarding the Centument App, Citidel Software, Einstein Profit Method, Phoenix Trading, Global Millionaires Club, Medallion App, Insured Profits, or the Free Money System (Walter Green), you will want to read a recap of the scam reviews and investigations our staff conducted.

Centument Scam App and Gerald Reed the Actor
This piece of malicious fraud software will make you lose your money very fast and infect your computer with a Trojan Horse that will steal your personal information. The level of sophistication and false advertising tactics employed in this scam will send any cyber-criminal to jail for an extended period of time.

Citidel (Citadel) LTD Investment App and Dr Kent Grifly
This dirty scam is hands down the nastiest and most manipulative attempt to deceive and victimize innocent day traders into registering and funding a broker account under false pretenses. Anyone promoting this fraudulent app should seriously look in the mirror and ask himself how far he is willing to go to get his hands on the blood money sucked out of unsuspecting customers. This app will also infect your computer with a Virus that will lock you out and ask for a ransom.

http://binaryscamalerts.tumblr.com/post/137939858054/citadel-ltd-and-dr-kent-grifly-is-a-malicious-scam

The Einstein Profit Method
This is the cheapest and least sophisticated scam, the people who created this crummy software decided to invest the smallest amount of money and defraud people as much and as fast as humanly possible. There is nothing believable, honest, or genuine about this app, and that is a verified fact. The use of second rate actors and fake testimonials is so blatant and unsophisticated that it practically screams fraud.

Phoenix Trading
This is a really interesting scam which employs the use of a fake registration form and forged certifications to give the impression of a reputable service, when in reality this thing is a big fraud. William Johnston does not exists, he is just a fictional character devised to sell you an empty bag of nothing.

Insured Profits
Dave and Ginney are the all time scamming duo who will deceive and trick you into opening a trading account with some shady broker operating out of a creepy country like Uzbekistan or Sri Lanka, where people will sell their mother for a dime.

The Free Money System (Walter Green)
The Green Machine will rob you blind and send you to the cleaners. This is probably one of the biggest online deceptions ever carried out and recycled by thieving affiliates wanting to rip you off and get commissions for paying customers.

Other Scams that Keep Resurfacing
Binary Matrix Pro, Mockingbird Method, Coffee Cash Cheat, Channel Ranger, Binaryapp 810  (John Callaghan), Cash Code, Millionaire Blue Print, Fast Cash.biz, Google Trader, Dow Focus Group, Medallion App, Profit Maximizer, Profit Magnet.

Learn How To Avoid Getting Scammed
It’s not enough to complain, you also have to educate yourself and understand how these fraudulent schemes operate so that you can identify them and filter them out immediately from the start. Contact us by email at [email protected] in order to get free access to our 10 Point scam screening guide and you will be in essence “Scam-proof”.

Signals, Automated Trading, Bots
If you Google it you will find a lot of hype these days about bots, I personally do not recommend any of them since it’s basically giving someone or something else complete control over your money. If you have to go with bot Virtnext is the one I recommend this time, however signals and strategies are always my preferred tool.

Filed Under: Scam Reviews Tagged With: binary matrix pro, Binaryapp 810, Cash Code, Centument Scam, Channel Ranger, Citadel Review, Citadel Scam, Citidel Review, Citidel Scam, coffee cash cheat, Dow Focus Group, Einstein Profit Method, Einstein Profit Method Review, Einstein Profit Method Scam, Fast Cash Biz, free money system, Free Money System Review, free money system scam, Global Millionaires Club, Global Millionaires Club Review, Global Millionaires Club Scam, Google Trader, insured profits, insured profits review, insured profits scam, Medallion App, Medallion App Review, Medallion App Scam, Medallion Review, Medallion Scam, Millionaire Blue Print, mockingbird method, Phoenix Trading, Phoenix Trading Review, Phoenix Trading Scam, Profit magnet, Profit Maximizer, walter green, Walter Green Scam

Most Used Binary Options Brokers Scam Tactics

January 12, 2016 by Patrick Jones 1 Comment

After searching the net and looking for the most insidious and criminal techniques brokers use to scam traders, I found out a variety of methods which if used by a talented sales agent can have a seriously detrimental effect on your household income and ability to finance yourself. You need to be extremely careful with these crafty brokers, and think 50 times before providing your credit card information to someone half way around the world getting paid a very low base and high commissions based on his ability to squeeze deposits from innocent would-be traders. This post is divided into 2 sections, the first is for customers who have never invested, or alternatively will be investing with the broker for the first time. The second section is for traders interested in re-investing.

Scam Brokers

Tactics Used on First Time Investors
So, you saw this movie about some guy who has access to some loophole and has invented a method which can make you thousands of dollars a day without any effort. OK, let’s say you are intrigued for some reason and would like to fund your account. If you have just registered expect a phone call from a pushy sales agent pretending to be a broker. He get’s paid if he gets you to deposit, but he get’s more if you deposit a higher amount. His job is to get you through the door and gift wrap you to the real cash grinders, the people who will sell you bottled air and snake oil in their sleep.

Promises of Wealth and Riches
The first person you speak with will sell you the dream, that is what he’s paid to do. Now remember, if you go to a serious brokerage they don’t talk like this. Usually they will ask you for a minimum investment of let’s say $100,000 and give you a reasonable return on investment with a range of 3%-12% depending on the level of risk and exposure. Obviously if you are buying government bonds you are relatively safe but you won’t see much. If you invest in emerging markets then the risk is huge, but the profits are there and they are real. So, if the company representative is laying it on thick, take a step back and reconsider your options.

Agent Machine Guns the Sales Script
If you pick up the phone in many cases you will experience a rehearsed script harping on the usual points: Educational tools, strategies, account management, bonuses, insurance or risk free trades, and depending on the broker you will hear about regulation (or not). When you start to hear these things stop what you are doing and hang up the phone.

Dirty Sales Tricks
If you have ever been to a bazaar you will notice the shop owners haggling with customers. This is very much the same atmosphere you have on the trading floor, only here they will be extremely aggressive and always try to get you to fund your account. Some tactics may include sentences like “What do you mean you don’t have money? You can afford a dinner at a restaurant right?”, or “I can pretty much guarantee that if you use the methods we offer you will make a ton of money”.

If you are sold on this then at least document your conversation because you may need it later on.

Tactics Used on Traders Wanting to Re-Invest
Advanced Fee: It’s just a tool to get you to deposit money without really having to be accountable for the performance. Brokers call it fluff money since they use it for buying alcohol and other amenities for the trading floor.

Credit Card Fraud (Overcharging): The classic and most vile tactic is to overcharge your credit card. The better brokers have a very strong compliance department which forbids this, but some of the shady ones like Optionmint, Zenith Options, Cedar Finance, safe24options, Traderxp, Optimarkets, XPMarkets, Amber Options, Regal Options or Interactive Option will over charge you left and right.

Withdrawal Deception: They will tell you anything and use every loophole to get you to reverse or cancel your withdrawal request. Make sure to take screenshots and document your account status at all times.

Bonuses Credited on Wins to Avoid Cashing Out: This is a really dirty trick used in order to void your withdrawal request. If you have a bonus then you would need to trade a certain volume to qualify in order to collect your money, but if you have a bonus in your account then you can’t withdraw.

Documentation and Bureaucracy Used as an Attrition Tool: The documentation process of getting you to provide a photo ID, Utility Bill, and photos of credit cards is used as a fig leaf to hide the true intention of procrastinating with the intent of cancelling withdrawals altogether.

Fake Wins: Fake wins or Photo-shopped wins are used as a method to solicit money from traders under false pretenses.

Trading for You: A Senior Broker may address you and try to convince you to trade on your behalf. If you sign a document allowing him this, or alternatively agree to it on the telephone you are pretty much mince meat and they have you by the balls.

Balance Depleted: One day you have $5,000, and the next day it’s down to $5, how can that be? The trading history shows someone traded, but it sure as hell wasn’t you. Well, unfortunately you have just been ripped off in a most despicable way.

Demo Account: At times these will be used to solicit your private information so they can spam you with phony offers and call you up profusely.

Intimidation Tactics: This is really a way to appeal to your fears and insecurities and bend your arm. In many cases there is a carrot and stick system which is employed by either one or a couple of Senior Brokers.

Tax ride-off: This is a way to let you think you can report this as an expense and get your money back from the authorities. Nothing can be further from the truth.

Deny Requests to Return Funds: Sometimes a person realizes he makes a mistake but can’t undo his actions. In all fairness, if the broker has followed his own rules then the person making bad decisions has to pay the price in some way or another, unless he was falsely led to believe something.

Unusually High Fees for Cashing Out: This is used to discourage you from taking out your money. Insane fines are also levied for not meeting trading requirements when trying to withdraw.

Posing as a Legal Entity: Calling as a third party and demanding money be sent to broker due to a commitment is something we have seen done as well by scammers.

One-sided Agreements: Forcing traders to reconfirm their transactions by signing documents in order to avoid financial disputes is an everyday occurrence. By the way, this is done by a lot of businesses.

Switching Account Managers: This is done in order to reduce tension and switch tactics after major losses have been absorbed.

Promises of Rolex Watches and Fancy Cars: This is usually a way to hype up heavy investors or people who are into “the lifestyle” and don’t mind losing their money as long as they have a good time. But still, they may use this on just anyone to get him hyped and in the mood.

Asking for Your Password: DO NOT give anyone your password, and if they ask you for it make sure to record the conversation because that’s illegal.

Lack of Communication: Usually when a scam has run it’s course the level of communication will drop because they will want to deal with the new traders and try to get some money out of them.

False Advertising of Trading Tools: For example ITM trades at over 90% is not logical and that should send a flair up in the sky.

Pressure Tactics: At times they will contact you and try to give you a match offer, but in reality it’s a bonus and you can’t really win with that unless the volume requisites are low.

Software is Rigged: Just can’t win? Well, there’s something behind it and you can really feel that you are trading against the house. That’s because someone has adjusted the payout percentage in their favor – and it’s not you.

Email and Password Not Valid: Have you just been locked out of your account and can’t seem to log back in? I really hope you took some screenshots of your account before and don’t faint easily.

I believe anyone with eyes in their head and a bit of common sense can get the picture of how some of these scam brokers operate. The real problem is separating the wheat from the chaff, because there are some really good brokers out there and some solid systems with very good payouts. For example effective signals combined with a reputable broker means you will definitely make money, maybe not millions but it’s really a good way to supplement your income or alternatively quit working altogether and become a full time day trader – but only if you have the proper training and are willing to risk significant amounts of money and time. On the other hand, if you are tricked into using fraudulent offers like the free money system (Walter Green), Insured Profits, or Channel Ranger, Binary Matrix Pro, Oz Bot, or Mockingbird Method, you will surely lose your money because there is nothing there except hot air and affiliates trying to get paid on the back end.

Bellow you will find a list of additional sites where you can report binary options scams:

ripoffreport.com – General consumer awareness and information site.
sec.gov/whistleblower – This is the SEC whistle blower site.
bbb.org/scamtracker/us – Better Business Bureau
scamwatch.gov.au/ – Australian Competition and Consumer Commission
asa.org.uk/ – Advertising Standards Authority
ftccomplaintassistant.gov/#&panel1-1 – Federal Trade Commission (FTC)
fbi.gov/scams-safety/e-scams – FBI Website
Binary Scam Watch Monitor – Well known watchdog site for binary options
binaryoptions.net.au/ – Good for Australian binary options traders.
forexpeacearmy.com/ – Very rough site for reporting scams.
cad.gov.sg/ – Report a scam to the Police if you are in Singapore
sida.se/English/contact-us/Whistleblower/ – For Swedish Residents
securities-administrators.ca/Fraud.aspx – For Canadian residents (Canadian Securities Administrators)

 

Filed Under: Scam Brokers Tagged With: amber options, binary matrix pro, binary options bonus, binary options cash out, binary options report a scam, binary options scam brokers, binary options scams, binary options withdrawals, Brokerage Capital, cedar finance, Channel Ranger, coffee cash cheat, free money system, insured profits, interactive option, mockingbird method, optimarkets, Optionmint, oz robot, regal options, safe24options, traderxp, walter green, xpmarkets, zenith options

Coffee Cash Scam Alert

December 1, 2015 by Patrick Jones 5 Comments

Ah I love Coffee! Well guess what? Sean Willows is really an actor (not a very good one if you ask me) and has absolutely nothing to do with binary options or trading, and this review will expose these ripoff artists. Secondly, Multi-Millionaires don’t usually testify as to their fortunes. In fact, the exact opposite is true. These guys keep to themselves and don’t want anyone interfering with their daily lives, because they really don’t need anyone or anything anymore. But wait, there’s much more from scam central.

Here’s another red flag, whenever you hear sentences like “push-button system that will make you money”, stay away  at all cost because it’s just a seasoned marketer trying to solicit you to open and fund a trading account with a binary options broker. It plainly mentions this in the second page when the presenter says “Our Coffee Cash cheat is able to bind itself to that trading account”.

Moving forward, the presenter claims the system will trade on your behalf, and that is the only thing I believe. That scammy software will take all your money, place it on random positions and lose all your money in a neat and effective way. That is because binary options (Excluding the exchanges such as Nadex and CBOE) are built on a market maker model. This means the losses achieved by the traders are the actual profits of the broker. This is not the case in a Spreads format, where the broker get paid according to the trading volumes and regardless of the win/loss ratio.

Now, when people try to offer you automated or algorithmic trading tools please check these 5 criteria:

  1. Functionality: How easy is it to use, and are there instructional videos?
  2. Accuracy Levels: How is the system performing and what is the percentage of ITM (In The Money) trades?
  3. Transparency: Are the contracts fully displayed, and is the information shown in a clear an coherent fashion?
  4. Customer Care: Are they responding to your questions in a timely and professional fashion?
  5. Reliability: Are there delays or down times in the system? Do you see any messages like “server is down” or “communication error”?

As always, when choosing any type of online profit method, please make sure to do a Google check and see who these people are, and get some background information as to what they are offering and how much it will eventually cost you because at the end of the day it won’t be free.

Coffee Cash Scam

Moving Forward, please pay careful attention. This guy claims he made over 84 Million dollars, and he’s telling you its possible to amass that amount with a mere $250 deposit. Now this is where they all make the biggest mistake, because if he said the system makes him a passive income of $30,000 a month after a certain trial period it would be a lot more believable as well as logical.

Now this guy who calls himself Sean Willows, is sending you to the proverbial gallows, because as you can see in the  image below he wants you to register and deposit funds with Rumeliacapital, a broker considered to have a dubious reputation and no regulation. Surprisingly though, the actual software and how it is presented to the user is clear and easy to grasp, unfortunately it masks the true nature of this promotional scheme and I am officially labeling it a total SCAM in my review.

Don’t forget to leave a note below if you have something to say.

Filed Under: Scam Reviews, Trading Systems Tagged With: coffee cash cheat, coffee cash cheat review, coffee cash scam, Sean Willows

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