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walter green

Walter’s FMS Review, Fake Walter’s FMS SCAM Resurfaces!

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Walter’s FMS Review and SCAM Investigation
Walter Green the Scammer is back and he’s out to pick your pocket! Yes, the old binary options affiliate scammers are making a comeback with the Free Money System, only now they are calling it Walter’s FMS. Make no mistake, the greedy scammers are relentless and also very cheap. These lazy ripoff artists refuse to come out with an original concepts and keep rehashing the old Free Money System trash, only now they call it Walter’s FMS. We have actually posted 2 reviews explaining about the fraudulent nature of this “mother of all” get-rich-quick-schemes (and with good reason).  The Walter’s FMS SCAM represents everything which is wrong with online trading today. It is one of the oldest and most deceptive scams which has been used and re-used by a myriad of affiliate networks and media agencies. The sole purpose of the Walter’s FMS SCAM is to get you signed up and trading with a sleazy offshore broker, in our case it was GFC Investment (again). So don’t be surprised if you you are called up by rude sales reps in the guise of legit brokers during the middle of the night as they try to get their dirty little fingers on your credit card details.

SCAM ALERT: Our Walter’s FMS Review was prompted by severe complaints, so please think twice about where to invest and how to spend your money because getting scammed really feels bad (trust us, we’ve been there).

Don’t believe us? Want to test the waters and invest? Before you do so we recommend you keep reading our Walter’s FMS review because we exposed these liars and proved that this system is not legit!

Official Website, Login Page, and Member’s Area: Spoofed Site Keeps Changing

Proof of SCAM
OK, here we have the signup and registration area for Walter’s FMS fake software. The new format uses the same one which is used by the Bitcoin Code and Ethereum Code (among others). That is because its the same cheaters and they are up to their old tricks again.

Alright so here is the original Free Money System which we exposed right here on our website and rightfully blacklisted it. You can see for yourself that its the same person spewing the same lies.

And here is the real Walter Green. His name is Dennis Fitzpatrick. We attached a link to his website so you can check him out for yourself. He is definitely not “an entrepreneur, self made internet millionaire and aquarium enthusiast.”

We also added his acting reel for additional reference, and this guy really gets around. He also did another scam named the United Trading Network, and we blacklisted that as well.

What is Walter’s FMS and How Does It Work?
Walter’s FMS is one of the oldest get-rich-quick schemes designed and produced during the golden age of binary options. Walter Green “AKA The Green Machine” claims that its the worlds first “done for you free money system”. Its supposed to generate passive income for you, but in reality there is no software at all. You just signup, deposit, and get called to do it again until all your money is gone.

Walter’s FMS Review Overview and Recap
Walter’s FMS (Free Money System) promises to make you a lot of money. In the sales page they invite you to “join the Premiere Money Generating Platform that provides members with passive income”. They also say that no experience or knowledge is needed, all you need to do is push a button and start making money.

If that’s not enough, we tried clicking on their support email and got a “bannerbit” email account. Bannerbit is a fake business opportunity scam where they tell you how to open your own business. In reality its a scam and you get ripped off, so apparently the same crooks are behind both schemes. Oh, did we mention the fake testimonials and inflated bank account statements? Yea, it’s all included so don’t take the bait.

Is It Free?
Nope! Its’ going to cost you at least $250 and as always the thieving brokers will steal it from you in the blink of an eye so don’t signup and don’t say we didn’t warn you.

Fake Walter’s FMS Reviews
We did not see ANY fake Walter’s FMS Reviews and we are the first ones to expose it.

Still Trust  Walter’s FMS?
If you are still under the impression that Walter’s FMS scam is a legitimate trading system and investment platform then you should not be trading online.

Some Tested Alternatives
Fortunately for you we were able to compile a short yet impressive list of consistent cash-producing systems. Once they pass our screening process we add them to our recommended section so take a minute to check it out.


Walter’s FMS Review Summary, Conclusions, and Helpful Tips
The Walter’s FMS SCAM software, app, and trading system is a blacklisted scam. We encourage you to seek alternative and more trustworthy systems where you can actually generate income for yourself and not for some sleazy offshore broker who will pick your pocket and send you on your way. Should you have any additional questions or need clarifications please message us via our our  Facebook Page and YouTube channel .

Disclosure

 

Free Money System Walter Green is a Big Scam

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“Congratulations! You just landed on the world only done for you free money system”. Well, Mr. Walter Green is an actor, the so called free money system is a SCAM, and this review will expose the truth about it.

I have to admit, this is a very powerful video which is extremely believable and has duped many people from a variety of income levels. Even highly educated and experienced traders bought into this racket and eventually ended up losing their life savings. The reason why it is so effective is because the main actor is being shown as a family man, business man, wealthy man, and it’s a Cinderella story which everyone can relate too.

Update: Free Money System is currently being integrated with fraudulent CFD and Forex brokers as well (not just binary) so please use extreme caution.

To top it off, there is a very strong curiosity element and it harps on our basic instinct to create a shortcut to success. Well, unfortunately fast money and profits are a result of very intensive work as well as frustrations and obstacles that need to be overcome. But NO ONE LIKES TO HEAR THAT! Everyone wants the fast track to wealth and prosperity without the hard work because most people are lazy and and conforming creatures (sorry that’s the truth).

If you disagree with me please leave a comment below because I think this would be a good topic for discussion. I’m betting that most people would be willing to risk losing a small amount of money to attain wealth, even if there’s a very slim chance of it really happening.

Walter Green Scam

This is very much similar to a lottery, only when it comes to gambling you know that there is very little chance of you winning (unless you are a poker shark). The Free Money System leads you into believing exactly the opposite, and that is the infuriating and troubling aspect of it and similar systems like Channel Ranger or MockingBird Method and so on.

So, How Can I Fight Back?

  • Well the most obvious way is to ignore it and move on.
  • If you are curious and want to investigate a system create an email just for these things and use that to register. Never use your primary email because they will hammer it with offers.
  • If you have been lured into registering to this type of service with your primary email, consider changing it if you can because chances are you will be flooded with a barrage of spam emails soliciting you to activate your trading account and start making millions.
  • If you have registered for a broker don’t fund your account unless you are sure you are using a recommended system like the ones we have tested and obtained our seal of approval.
  • If you have already deposited make sure you take a step back and absorb your losses because if you listen to what the brokers’ analysts or account managers tell you then you will end up losing your lunch money – and that’s a fact.

Whatever you do don’t continue investing unless you have a solid and recommended signals or bot (automated trading) system.

Check out our Free Money System Video for reference.

To sum up, the Free Money System and Walter Green is a total scam and fraud, and any attempt to equate him to finance giants like Carl Icahn is immensely deceptive and misleading. There is no software behind it or anything that even resembles a trading tool. It’s just a collection of marketing gimmicks and punchlines designed to squeeze the maximum amount of money from unsuspecting people who want to invest in binary options and generate an alternative or secondary source of income. I strongly recommend you stay away at all costs.

Don’t forget to share your thoughts, it’s very important for us.

 

Free Money System 2 Review, Walter Green Scam is Back!

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The Free Money System 2 software and trading robot by Walter Green represents the quintessential binary options get-rich-quick scheme. In our revealing review and investigative report we will expose this recycled scam, and proceed to show you exactly how unethical affiliate networks spin their lies and weave a clever tapestry of deception designed with the sole purpose of defrauding unsuspecting opportunity seekers such as yourself. It is without a doubt that the Free Money System 2 (AKA Millionaire Blueprint) reeks of thievery and dishonest internet marketing tactics. On a side note, we already know for a fact these criminals are directly responsible for ruining the lives of thousands of families across the globe. It seems the lure of easy money at your finger tips is just too tempting, and unsuspecting would-be traders fall prey to this intricate web of lies and deception. We can’t stop you from spending your hard-earned money on this vile and manipulative scheme, but we can warn you and advise that there is nothing genuine or legit here. The people pulling the strings behind this production are well-funded and highly motivated. They are experienced charlatans and cheaters, and are gunning for your wallet so make sure you never divulge any sort of credit card information. Additionally, their primary method of recruiting victims is SPAM email marketing, so please refrain from clicking any links and don’t even try to unsubscribe just move them to your spam box and that’s it. Keep reading to see how we exposed the Free Money System 2 and why we believe it is a verified investment SCAM and worthy of being blacklisted.

Official Website, Login Page, and Members Area: http://freemoneysystem2.com/

Proof of SCAM
Below you will see the main sales page of Walter Green’s Free Money System 2.

And here is the evidence our staff was able to produce. It’s plain to see that Walter Green, AKA the Green Machine is actually an actor named Dennis Fitzpatrick and the rest of the testimonial section is packed with fake fiverr.com actors such as dclover1.

The amount of hyped-up claims and exaggerated statements of instant wealth are infuriating. It’s a repetitive strategy which is taught in communications departments in universities all over the world. If you actually count the amount of times they relay the message of making money a we did you will be shocked, as it comes out to 26 times in various formats.

Free Money System 2 Review
3 years ago I tried Walter’s software, it worked! “I made $32,000 in 4 weeks”. Then it stopped, but three years later Walter’s team contacted me. After that we have a barrage of fake testimonials laying it or real thick about how much money the software made for them.

The Ludicrous Sales Pitch
In 2013 a computer code was released, a code that changed the lives of over 2,000 people. It was called The Free Money System, and was the most advanced income generation software ever created. It made over 152 Million Dollars for its first beta tester, but then Walter Green vanished into thin air. “I need to talk to someone about Walter Green, he’s in grave danger”. After receiving anonymous phone calls, it appeared that he was being monitored by a number of government intelligence agencies. His videos have been copied and abused by scammers to promote phony software. After being hacked by government agencies after three years the system is back online, hosted on secure servers and protected from hackers.

Walter’s whereabouts remain unknown, but for the first time after three years his original software is available again for action takers who want to make a change in their lives.

Is it Free?
Well, there’s nothing free here despite what the name would suggest. It’s going to cost you at least $250 to try out this crummy software, and that money will be charged to your credit card by an offshore processing company associated with one of the rogue brokers integrated in the software.

In Reality
What we are witnessing here is a pitiful attempt to launch a rehashed mega-scam. The actors play their parts and are compensated for it. The hyped up claims and exaggerated figures of massive profits at the click of a mouse are constantly being injected into the irritating narrative. The bank accounts are photo-shopped, and the whole thing reeks of deception and manipulative sales tactics.

Fake Reviews
We are actually the first ones to expose this filthy scheme, so watch out for the new reviews which may seem to be authentic but in reality are not.

Viral Scams Trending
The hot ones to watch out for are Bitcoin Code and Quantum Code by Michael Crawford.

Forex EA Signals Versus Options Trading Robots
If you are constantly deliberating and not sure about which app is right for you, then you are not alone. Fortunately our team of researchers has dug in deep and compiled a short list of tested money-making machines which have endured the test of time. These are all proudly showcased in our recommended section.

Money System 2 – Review Summary and Conclusions
The original Free Money System and the second one (2) are both scams and blacklisted in the harshest and most severe form in our detailed review. We can’t overstate how dangerous and misleading this software is, so we are sending out an urgent warning to all our members and viewers to avoid this malicious piece of fraudulent trading software. We honestly searched, but could not find one thing about this system which is legit or genuine, besides the intent of the affiliates and producers behind it to defraud you and steal your money. This is a blatant and rude attempt to cash in on people’s financial hardships and bait them into registering with cyber-crooks disguised as offshore brokers. We know the people behind this system have criminal records for committing cross-border fraud, identity theft, software manipulation (rigged and set to lose) and of course credit card fraud. In light of all the evidence and findings our staff was able to produce, we have no choice but to blacklist the Free Money System 2, and recommend out members and subscribers seek alternative investment channels. Join our Facebook Page and YouTube Channel to get informed and receive updates.

Online Wealth Markets Review! SCAM Linked to Fake Millionaire Blueprint Software

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Online Wealth Markets is a SCAM software and this impartial review will show you just how dangerous and deceptive this fake app and auto-trader is, as well as the people pulling the strings behind it. We have recently received a flurry of complaints regarding FAKE REVIEW SITES promoting this nasty system. After a quick review and investigation of the facts we saw a pattern of deception which links this fake app to the Millionaire Blueprint (AKA Free Money System) and Walter Green the cheap actor and cheater. Keep reading to understand how this nasty online investment scam works, and how it has tricked hundreds of day-traders into funding trading accounts with rogue offshore brokers under false pretenses.

Official Website and Login Page: It Varies, but eventually you will end up here:
http://www.millionaires-blueprint.co/promo-offer

How Does the Scam Work?
It appears this SCAM is so effective at convincing innocent day-traders to open and deposit money with a binary options broker that the review sites could not withstand the temptation. But, they can’t openly promote such a SCAM system since it will damage their credibility, so they have repackaged it and gave it a different name to make it seem more harmless and appealing. In fact, this is very nasty scheme devised by very crafty affiliate marketers that are not ashamed to use every trick in the book in order to deceive and lure you into their vile scheme, but it appears we have identified they mode of operation and it’s time we expose these cheating crooks and shed some much needed light on this fake app.

Proof of SCAM
Below you will find a screenshot of fake review websites designed to look and be perceived as totally legit. In reality these sites are dangerous and have zero value for their readers or members. Their sole purpose has nothing to do with consumer advocacy or sincere investigative reporting. They are out to get you to buy bogus software so that they can make a commission as marketers.
Online Wealth Markets main

Online Wealth Markets Software Review
There’s really not much to say, this scheme is a rehash of existing narratives with the same promises of making massive amounts of money from the comfort of your own home and becoming the proverbial “armchair millionaire”. If you’ve been around and understand how misleading these things can be then it would be easy for you to pick up on, but these guys have taken it a step further and are now telling viewers this is a legit system and it’s OK for you to leave your day job right now. This kind of fraudulent behavior should be reported to the authorities because people act on these recommendations, and end up getting divorced and losing their homes, savings, but more importantly their self-dignity.

I really can’t over-emphasize how deceptive and dangerous these types of systems are. As a veteran marketer I can tell you that there’s a huge difference between creating hype and making something look positive, and actually endorsing a product in a way which tells people they can stop working and make millions at a click of a button. If you have an authority site people will listen to you and act based on your recommendations, and this means bloggers, writers, and media outlet managers have a responsibility towards their members to act in a transparent and truthful manner. This social contract has been ruthlessly violated in this case.

Is it Free?
Absolutely NOT! It’s not free and will cost you at least $250 which is paid through a broker’s account you will have to open and fund.

Similar Scams
The really viral scams you must watch out for are Quantum Code, Mobile Binary Code, Cash Formula, Quick Cash System, Push Money App, Google Trader, Amissio Formula, Lie Detector Millionaire, Cash Code, and Brooks Blueprint.

Signals, Bots, Copiers, and Autotraders
As the binary options trading niche grows so does the number of systems being offered these days. We are adamant about keeping out the sub-standard software and only showcasing the best and most accurate systems that consistently perform.

recommended systems2

Review Summary and Conclusions
The Online Wealth Markets is a malicious SCAM designed to drain your bank account. Due to constant demand, we are always searching the internet for a genuine and legit trading app, however when investigating this system we found the exact opposite to be true. In fact, the way it is presented is so sneaky and deceptive, that we we have come to a realization that it is one of the more dangerous online investment scams being aggressively promoted these days by crafty online marketers. If you have fallen victim to this latest fraud, please note that it’s becoming increasingly difficult these days to retrieve stolen funds. If you are still curious about this app and despite your doubts or reservations about the authenticity of this software would like to try it out, don’t say we didn’t warn you because we are absolutely sure your money will be stolen and shared with a shady offshore and unregulated broker. Don’t forget to join our Facebook Page and YouTube channel and be a part of our community!

 

The Free Money System is a Scam, Legit Review Exposes Brokers Bonus Tactics

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Binary Scam Alerts is continuously receiving complaints about the Free Money System and Walter Green (AKA The Green Machine and/or Millionaire’s Blueprint). We have previously reviewed this SCAM and conducted an in-depth investigation as to how this cheating software, Autotrader, and App has tricked thousands of people into funding broker accounts. False advertising, inflated bank accounts, staged offices, and fake actors are just some of the tricks employed in order to lure innocent traders into a web of lies and misery. But rarely do we hear what happens afterwards, and how the brokers use this very sophisticated scam in order to force a bonus on innocent day traders.

Official Scam Page: http://freemoneysystem.co/

Proof of Scam
First of all Walter Green does not have any social profile. We checked him out and this person is a ghost. Furthermore, this sales video is packed full of actors. As you can see “Anthony Pitts” is in fact “Josh” from the Trade Tracker Pro Scam. Moving forward, this sophisticated scam does not show you any form of software, or for that matter anything at all besides numbers on some dashboard and overly theatrical second rate actors posing as as winners. Finally, this video has been so used and abused that they actually created a different sales page called Millionaire’s Blueprint and wrapped it around this video.

TradeTrackerPro

The Free Money System Review
This extremely sophisticated and highly deceptive production is designed to do one thing only. Get you to register and fund a trading account with a binary options broker. There is absolutely zero transparency and in reality you don’t get to see software or any system. Word of caution, when you sign up it is NOT for the software. In reality you are registering for a broker, but since this is not a transparent process you may not even be aware of this. You will be contacted via phone and some sleazy sales rep will try to get you to deposit and force a bonus on you.

This is because the bonus has a trading requirement on it (also known as trading volume requisite) and it cosmetically inflates your balance. Once this is done your chances of actually winning (which are slim anyway) are reduced to zero or close to it. Now at some point a “senior broker” will contact you and try to sell you some strategy. That won’t work and using tools like market sentiment, scalping, candle sticks charts, bollinger bands, and momentum on 60 second options or ladder will be futile. You must recognize immediately that you made a mistake and these things happen, but in order to remedy the situation you have to cut your losses and leave. If you continue with this shameful scam then you will eventually be left bankrupt and extremely frustrated with your inability to actually profit from trading binary options online.

Is it Free?
Yes, but they will ask you to fund a trading account with a minimum of $250 in order to get started.

How Does a Bonus Work?
A bonus or comp is a way for a broker to allow you to top up your capital, but there is a catch. Technically speaking there are 2 types of bonuses – the first is called a “Sticky Bonus” and will only allow you to cash out your winnings less the bonus amount. The second one can be withdrawn, however the trading requirements on it are much higher.

What are Trading Requirements?
This is the amount of times a bonus has to be traded in order to qualify for cashing it out. It is usually between 20 and 40 times depending on the type of bonus and the broker.

How to Avoid the Bonus Trap
Generally speaking if you can avoid accepting it then it is best, however if you must then never take over 10% and don’t be ashamed to haggle with the broker and lower the requirements. Sometimes it is just technically not possible, so check alternative brokers with a lower requirement before investing.

Similar Binary Options Scams
These include but are not restricted to: Drexel Code, Tauribot, Citidel, Push Money App, Centument, Virtual Income, Insured Profits with Dave and Ginny, Sydney System, TSI System Scam, My First Online Payday, TrianaSoft, Trade X Confidential,  Limitless Profits, Millionaire’s Blueprint,Trade Tracker Pro, Binary Matrix Pro, the Amissio Formula, Tauribot, Centument, and Citidel.

Signals, Autotraders, Bots, and Trade Copiers
There are new systems coming out on a daily basis and they guarantee instant wealth at the click of a mouse. The vast majority of these apps turn out to be scams and fail to deliver the promised good. Binary Scam Alerts endorses the Binary Profit Method as it’s preferred Signals provider. If you are looking for an Auto-trader please check out automated trading section.

Verdict and Conclusions
After investigating one of the biggest online binary options investment scams The Free Money System and Walter Green (AKA the Green Machine), we have decided to warn our customers, members, and subscribers and advise them to stay away from this software. If you have invested or accepted a bonus from a broker, try to have them take it. If this is not possible then just learn from this tragic mistake and move on. As always we would like to invite you to join our Facebook group and Subscribe to our YouTube Channel.

A Summary of All Binary Options Scam for January 2016

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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.

Most Used Binary Options Brokers Scam Tactics

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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)