{"id":4170,"date":"2020-04-08T19:02:44","date_gmt":"2020-04-08T19:02:44","guid":{"rendered":"https:\/\/trade-malaysia-option.com\/robot-dan-perdagangan-automatik\/"},"modified":"2023-02-09T16:24:20","modified_gmt":"2023-02-09T16:24:20","slug":"robot-dan-perdagangan-automatik","status":"publish","type":"post","link":"https:\/\/trade-malaysia-option.com\/en\/robot-dan-perdagangan-automatik\/","title":{"rendered":"Robots and Automated Trading \u2013 Are Options"},"content":{"rendered":"<p><span>Scams using binary options are unfortunately very common, as you know from our list of scam brokers and services.\u00a0If you&#8217;re concerned about victims, this guide explains how to avoid scams in the UK.<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>Are Binary Options Scams?<\/span><\/h2>\n<p><span>In short, no.\u00a0Binary is, in our opinion, a good product.\u00a0However, there are unscrupulous brokers and other service providers out there who practice unknown traders.\u00a0This is because both binaries were unregulated and unmonitored when they first came to the market \u2013 which happily has changed a lot in recent years.<\/span><\/p>\n<p><span>But with scam artists still out there, what can users do to avoid binary options scams and focus solely on their trades?\u00a0Read this tutorial on scams and only trade with trusted brokers!<\/span><\/p>\n<p><span>Cheat lists may not always be useful though \u2013 operators close and open them so often that maintaining the list becomes a full-time job.\u00a0A better option for consumers is to look for warning signs, and if there is any doubt at all \u2013 just switch to another provider.<\/span><\/p>\n<p><span>The scam list can only protect you from the threats that exist today \u2013 learning how con artists operate and mislead consumers can keep you safe for years to come.<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><a href=\"https:\/\/iqoption.com\/lp\/mobile-partner\/ru\/?aff=12245&amp;afftrack=&amp;clickid=\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/iqoption.png\" alt=\"\" width=\"300\" height=\"72\" \/><\/a><\/h2>\n<p><span>There are several methods by which scams associated with binary options will try and make money.\u00a0However, there are also some obvious red flags that can alert users that all may not be well.<\/span><\/p>\n<p><span>As always, the old adage \u201d\u00a0\u00a0<\/span><em><span>If something seems too good to be true, it probably is<\/span><\/em><span>\u00a0\u00a0\u201d applies.\u00a0If you find any of the below, I would advise treading carefully \u2013 and if in doubt, let a certain broker \u2013 there are many reliable and trustworthy brokers.\u00a0There is no need to take risks with any company you may have doubts about.<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>Top 3 Trusted Brokers<\/span><\/h2>\n<p><span>For those who just want to avoid scams and start trading without reading this entire guide, go to any of these brokers:<\/span><\/p>\n<aside>\n<div>\n<table>\n<thead>\n<tr>\n<th><span>SURVEY<\/span><\/th>\n<th><span>MIN.\u00a0DEPOSIT<\/span><\/th>\n<th><span>BONUS<\/span><\/th>\n<th><span>CONTROLLED<\/span><\/th>\n<th><span>ASSESSMENT<\/span><\/th>\n<th><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/www.binaryoptions.co.uk\/wp-content\/files_mf\/14728111961442574009Screenshot2015091811.11.52min.png\" alt=\"Binary.com review\" width=\"150\" \/><\/td>\n<td><span>\u00a35<\/span><\/td>\n<td><\/td>\n<td>\u00a0<img decoding=\"async\" title=\"Top Recommended Brokers\" src=\"https:\/\/www.binaryoptions.net\/wp-content\/uploads\/2017\/02\/1st.png\" alt=\"\" width=\"40\" height=\"40\" \/><\/td>\n<td><span>95% Reviews<\/span><\/td>\n<td><span>\u00bb Tour<\/span><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/www.binaryoptions.co.uk\/wp-content\/files_mf\/1531125454IQOptionLogo150x50.png\" alt=\"IQ Choice Study\" width=\"150\" \/><\/td>\n<td><span>\u00a310<\/span><\/td>\n<td><\/td>\n<td>\u00a0<img decoding=\"async\" title=\"Top Recommended Brokers\" src=\"https:\/\/www.binaryoptions.net\/wp-content\/uploads\/2017\/02\/1st.png\" alt=\"\" width=\"40\" height=\"40\" \/><\/td>\n<td><span>90% Reviews<\/span><\/td>\n<td><span>\u00bb Tour<\/span><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/www.binaryoptions.co.uk\/wp-content\/files_mf\/1533587263Optionfield130x50.png\" alt=\"OptionField Survey\" width=\"150\" \/><\/td>\n<td><span>\u00a35<\/span><\/td>\n<td><span>Pro Account 75% + 10% CB<\/span><\/td>\n<td><\/td>\n<td><span>89% Reviews<\/span><\/td>\n<td><span>\u00bb Tour<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/aside>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>Restoration<\/span><\/h2>\n<p><span>A service called MyChargeBack.com offers consulting services to help victims recover their money.\u00a0They offer a free service to tell you if you have a case.<\/span><\/p>\n<p><span>Things like unpaid withdrawals, or unauthorized payments can be claimed through banks or credit card companies, and this firm specializes in dealing with such organizations.\u00a0The range of services varies from case to case, but they may be able to help:<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>How to Avoid Scams<\/span><\/h2>\n<p><span>Pay attention to the warning signs listed below!<\/span><\/p>\n<p><strong><span>Cold call<\/span><\/strong><\/p>\n<p><span>A reputable broker will not propose new business by making cold calls and calling you out of the blue.\u00a0It is possible that calls made in this way will involve unrealistic claims about binary options, and the potential profits to be made from their trades.<\/span><\/p>\n<p><span>These may include promises of immediate, high returns, and reduced risk.\u00a0In addition to phone calls, some operators may also send direct emails, in some cases, suggesting an account has been opened.\u00a0Any way of getting these contacts is an immediate warning sign.\u00a0Hang up, and delete any mail.<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><a href=\"https:\/\/iqoption.com\/lp\/mobile-partner\/ru\/?aff=12245&amp;afftrack=&amp;clickid=\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/iqoption.png\" alt=\"\" width=\"300\" height=\"72\" \/><\/a><\/h2>\n<p><strong><span>Bonus Terms<\/span><\/strong><\/p>\n<p><span>A frequent source of issues is through deposit bonuses.\u00a0Dishonest brokers will often have some unethical terms.\u00a0This may include tying the initial deposit until a number of trades have been met (revenue requirements).<\/span><\/p>\n<p><span>They will include the initial deposit (not just bonus funds).\u00a0Effectively deposit\u00a0\u00a0<\/span><em><span>their<\/span><\/em><span>\u00a0money \u00a0as soon as it is submitted.\u00a0Make sure you read these terms before claiming the bonus, or making a deposit.<\/span><\/p>\n<div><em><span>Don&#8217;t let someone else trade on your behalf.<\/span><\/em><\/div>\n<p><strong><span>Automated trading<\/span><\/strong><\/p>\n<p><span>These warnings include robots and automated signals, but also managed accounts, where an account manager has promised massive profits.\u00a0There is a clear conflict of interest for this account manager.\u00a0If you make a long-term profit, the broker makes a long-term loss on your account.\u00a0An account manager, employed by a broker, is highly unlikely to have your trading interests.<\/span><\/p>\n<p><span>Although they may argue otherwise, letting someone else trade for you will most likely result in a loss.\u00a0These managers can also encourage traders to invest way beyond their means, which is very dangerous.<\/span><\/p>\n<p><span>Binary options are a high risk \/ high reward investment.\u00a0The risk cannot be hidden from you by your broker or account manager.<\/span><\/p>\n<div><em><span>Only trade with money you can afford to lose.<\/span><\/em><\/div>\n<p><strong><span>&#8216;Make Money Online&#8217; Marketing<\/span><\/strong><\/p>\n<p><span>Many related warning signs \u2013 marketing forms again hide the risks \u2013 such as cold callers and account managers.\u00a0<\/span><em><span>The \u201c Make money online<\/span><\/em><span>\u00a0\u00a0\u201d and \u201c\u00a0\u00a0<\/span><em><span>Get rich quick<\/span><\/em><span>\u00a0\u201d marketing\u00a0\u00a0\u00a0around binary options is very irresponsible.\u00a0There are many websites, with high production videos that look very interesting.<\/span><\/p>\n<p><span>They will suggest making easy money, maybe even suggest they copy famous investors.\u00a0This is all a scam.\u00a0Any promotion that hides, or downplays, the high risk nature of binary trading is dishonest.\u00a0Binary options are not a way to make easy money, and should not be sold this way.\u00a0The form of advertising for binary options is generally the most dangerous for users.\u00a0If you encounter marketing like this, do not continue.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-2822\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/best-binary-options-strategy.png\" sizes=\"(max-width: 1024px) 100vw, 1024px\" srcset=\"https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/best-binary-options-strategy-200x49.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 200w,https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/best-binary-options-strategy-300x74.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 300w,https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/best-binary-options-strategy-400x98.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 400w,https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/best-binary-options-strategy-600x147.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 600w,https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/best-binary-options-strategy-768x188.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 768w,https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/best-binary-options-strategy-800x196.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 800w,https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/best-binary-options-strategy.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 1024w\" alt=\"\" width=\"1024\" height=\"251\" \/><\/p>\n<p><strong><span>Sales Funnel<\/span><\/strong><\/p>\n<p><span>A funnel is a website that will direct traffic to a broker.\u00a0As a visitor to the website, you may not realize that you have been redirected to a broker.\u00a0These funnels usually handle the &#8220;rich&#8221; marketing described above, but not always.\u00a0The issue here is that users will be handed over to a broker, which they know nothing about.<\/span><\/p>\n<p><span>After visiting the funnel, the new customer will get a call from a random broker asking for a deposit.\u00a0Although this may sound strange to those who are not affected by it, the effective selling of binary options scams by channel websites, means that many people are being cheated.<\/span><\/p>\n<div><em><span>Only deposit with the broker you have chosen yourself!<\/span><\/em><\/div>\n<p><strong><span>Price Manipulation<\/span><\/strong><\/p>\n<p><span>Some brokers will include a line in their terms along the lines of: \u201cOur prices may not reflect the actual market\u201d.\u00a0Unfortunately, it won&#8217;t be spelled out like that, because the implication is clear \u2013 they set their own prices.<\/span><\/p>\n<p><span>If the broker is the counter party to any trade, and they also set the price, it will be very difficult to make a profit with that broker.\u00a0Clients trade with brokers, and they determine the closing price.\u00a0One of the two parties will make a loss \u2013 and it won&#8217;t be the broker.\u00a0Research the terms of trade and be wary of any mention of settlement figures based on anything other than real world prices.<\/span><\/p>\n<p><span>So, these are some key warning signs that should make potential new traders stop and question what they&#8217;re being told.\u00a0If you have found any of the above, identify the broker involved \u2013 and trade elsewhere.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><a href=\"https:\/\/iqoption.com\/lp\/mobile-partner\/ru\/?aff=12245&amp;afftrack=&amp;clickid=\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/iqoption.png\" alt=\"\" width=\"300\" height=\"72\" \/><\/a><\/h2>\n<p>&nbsp;<\/p>\n<p><span>In addition, new traders may try and conduct their own &#8216;due diligence&#8217; on the brand.\u00a0However, this may carry risks.\u00a0The reason is, as well as scam operators, there are reviews of websites that are also dishonest.<\/span><\/p>\n<p><span>There are several ways that users can protect themselves and find reliable reviews.\u00a0The first method is to look at the offer elsewhere on the review site \u2013 if other scams are being promoted, then the review cannot be trusted.\u00a0Ask questions about this website:<\/span><\/p>\n<ul>\n<li><em><span>Is there a proliferation of robot ads?\u00a0<\/span><\/em><\/li>\n<li><em><span>Are there promises of high returns?<\/span><\/em><\/li>\n<li><em><span>Is there sufficient risk exposure?<\/span><\/em><\/li>\n<li><em><span>Can you contact the website, or the site owner?<\/span><\/em><\/li>\n<\/ul>\n<p><span>The second method is regulation.\u00a0In the UK, the Financial Conduct Authority regulates a number of binary options brokers.\u00a0This is only the case where the broker offers a form of trading that is already covered by FCA rules \u2013 Contracts for Difference (CFD) for example.<\/span><\/p>\n<p><span>The reason this is important is that FCA-regulated firms need to be careful about who they promote too.\u00a0If a binary options site lists FCA regulated brands (as we do!), this shows a level of credibility and protection.<\/span><\/p>\n<p><span>The site must be completely honest about the high-risk nature of binary options, and it must have responsible, UK-based individuals operating it.\u00a0If not, then the FCA firm will not allow their brand to be marketed by them.\u00a0Here, is another level of complexity.\u00a0Several binary options brokers have sought to\u00a0\u00a0<\/span><em><span>register<\/span><\/em><span>\u00a0\u00a0with the FCA.<\/span><\/p>\n<p><span>This is not the same as being\u00a0\u00a0<\/span><em><span>controlled<\/span><\/em><span>\u00a0\u00a0by them.\u00a0For firms regulated by the FCA, they need to offer additional forms of trading, not just binary.\u00a0A brand that offers only binary options will not be fully regulated by the FCA.\u00a0This is because binary options are now regulated and licensed by the UK Gambling Commission.\u00a0So the list of binary options brokers regulated by the FCA is actually very small.\u00a0Reference<\/span><\/p>\n<ul>\n<li><span>FCA \u2013 Consumer Advice<\/span><\/li>\n<li><span>UK Gambling Commercial Intelligence Trade (Find a list\u00a0 of\u00a0<\/span><em><span>licensed<\/span><\/em><span>\u00a0brokers \u00a0from these pages)<\/span><\/li>\n<\/ul>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>FCA List of Invalid Brokers<\/span><\/h2>\n<p><span>In addition to the services below, the FCA has published a list of firms that are not authorized to trade binary options in the UK.\u00a0While stopping short of calling them scams, the list provides a picture of firms willing to break the law (by offering unregulated trades).\u00a0They are indeed best avoided.\u00a0The list can be found here: FCA invalid list .<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-2685\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/forex-robots-min.png\" sizes=\"(max-width: 807px) 100vw, 807px\" srcset=\"https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/forex-robots-min-200x88.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 200w,https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/forex-robots-min-300x132.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 300w,https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/forex-robots-min-400x176.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 400w,https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/forex-robots-min-600x264.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 600w,https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/forex-robots-min-768x338.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 768w,https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/forex-robots-min-800x352.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 800w,https:\/\/malaysia--option-com.translate.goog\/wp-content\/uploads\/2020\/04\/forex-robots-min.png?_x_tr_sl=auto&amp;_x_tr_tl=en&amp;_x_tr_hl=ru&amp;_x_tr_pto=wapp 807w\" alt=\"\" width=\"807\" height=\"355\" \/><\/h2>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>Blacklisted services<\/span><\/h2>\n<p><strong><span>British method<\/span><\/strong><\/p>\n<p><span>The marketing used here is a clear red flag.\u00a0A video suggesting more than \u00a3500k has been made in under a month is about as clear as it gets.\u00a0Unfortunately the claim is not true.\u00a0This is an outright scam, avoid the \u201cBrit Method\u201d or any related schemes.<\/span><\/p>\n<p><span>This includes &#8220;Jason Taylor&#8221; and any &#8220;millionaire&#8221; maker scheme associated with that name, or the Brit Method.\u00a0The Brit method is a scam that has been used before.\u00a0Here&#8217;s what you need to know to protect your money;<\/span><\/p>\n<p><strong><span>What is the Brit Method?<\/span><\/strong><\/p>\n<p><span>The Brit Method promises to be a binary options trading strategy that can make you hundreds of thousands of Dollars in a matter of weeks.\u00a0Unfortunately, this is the latest iteration of an old scam.\u00a0The Brit method is nothing new.\u00a0It was previously called the Aussie Method and the Canuck Method, and each time the site was shut down due to its bad reputation.\u00a0Even the man who supposedly invented the genius trading style is the same.<\/span><\/p>\n<p><strong><span>Jason Taylor<\/span><\/strong><\/p>\n<p><span>It&#8217;s always the same stock photo, just the name changed from Jake Mason to Jake Pertu and now Jason Taylor.\u00a0There are many fake testimonials on this site, but make no mistake they are all made up with stock photos of people who have never heard of the method.<\/span><\/p>\n<p><span>Likewise all the promises made by the Brit Method are lies.\u00a0The site basically promises unlimited profits, but provides little information on how it intends to achieve this goal.\u00a0The site also promises to get you started for free, which is also a lie.<\/span><\/p>\n<p><span>After you complete your free registration, you are denied access to the system unless you deposit $350. But if you make a deposit, you still have no access because there is no system.\u00a0The money is gone, and you will never see it again.<\/span><\/p>\n<p><span>Avoid the Brit Method at all costs.\u00a0Also, find out about all the upcoming cheat versions.\u00a0In all likelihood, there will be a German Method and an American Method and they will most likely use the same method to help people.<\/span><\/p>\n<p><strong><span>Copy Buffet<\/span><\/strong><span>\u00a0\u00a0Again, the sales pitch is a clear red flag.\u00a0This is a scam, stay away.\u00a0The scam shows that customers can enjoy wealth by following the method created by Warren Buffet.\u00a0An investor famous for taking long positions, this fraud has absolutely nothing to do with Buffet himself.<\/span><\/p>\n<p><span>This process involves visitors being forced to join a specific broker (another scam tactic explained above) and make a deposit to gain access to the &#8220;system&#8221;.\u00a0No system exists, and traders will not earn any funds.\u00a0Avoid.<\/span><\/p>\n<p><strong><span>Ultimate4Trading<\/span><\/strong><\/p>\n<p><span>The good news here is that the Ultimate4Trading website has been blocked for UK visitors.\u00a0The operation is dishonest and should be avoided.<\/span><\/p>\n<p><strong><span>The Millionaire Blueprint<\/span><\/strong><\/p>\n<p><span>Another scam which is again, thankfully prevented in the UK.\u00a0Again, the promise of &#8220;get rich&#8221; is at the forefront of marketing but the entire operation is a scam.\u00a0Either way this website is now a haven for malware.\u00a0Stay away.<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>Instagram &amp; Facebook<\/span><\/h2>\n<p><span>Many scams promote themselves on Instagram and Facebook.\u00a0Most will fall into the categories listed above.\u00a0Mainstream media have also been duped in the past, including the Daily Mail.<\/span><\/p>\n<p><span>These promotions or accounts make wild claims of profits that can be made, supported by images of flash cars and other trappings of success.\u00a0It is all a lie and this operation should be avoided at all costs.<\/span><\/p>\n<p><span>If these people can really turn \u00a32,000 into \u00a38,000 in a week \u2013 why do they need to advertise on social media?\u00a0They can just make as much money as they need from the market and go and spend their time at the beach.\u00a0Screenshots are easy to fake \u2013 and they don&#8217;t have to show losing trades.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><a href=\"https:\/\/iqoption.com\/lp\/mobile-partner\/ru\/?aff=12245&amp;afftrack=&amp;clickid=\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/iqoption.png\" alt=\"\" width=\"300\" height=\"72\" \/><\/a><\/h2>\n<p>&nbsp;<\/p>\n<p><span>Anything promoting a &#8216;get rich quick&#8217; route using binary options is not to be trusted, full stop.\u00a0Also remember that Martin Lewis (of MoneySuperMarket fame) is considering legal action because Facebook isn&#8217;t doing enough to remove ads it claims to support.<\/span><\/p>\n<p><span>To repeat his quote &#8221;\u00a0\u00a0<\/span><em><span>Martin Lewis doesn&#8217;t do commercials<\/span><\/em><span>\u00a0\u00a0&#8220;.\u00a0If an ad mentions it, avoid it at all costs \u2013 it&#8217;s definitely a scam.<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>Broker Blacklist<\/span><\/h2>\n<p><span>Here are some brokers where we have received reliable reports of poor customer care, or worse.\u00a0Again, many of the tactics used are covered in our article to avoid scams \u2013 this list is unfortunately not exhaustive, so if any of the actions below sound similar to other brokers you&#8217;ve come across, stay away from them \u2013 and let us know.<\/span><\/p>\n<p><span>Most of the worst brokers have said thank you, but always be aware of using unregulated brands unless you can verify their quality.\u00a0Not all unregulated brands are untrustworthy, but it does mean more &#8216;due diligence&#8217; is required.<\/span><\/p>\n<p><strong><span>72 Options<\/span><\/strong><\/p>\n<p><span>The bonus term locks in the initial deposit until the x30 turnover requirement is met.\u00a0<\/span><em><span>Your<\/span><\/em><span>\u00a0deposit\u00a0\u00a0\u00a0is\u00a0\u00a0<\/span><em><span>yours<\/span><\/em><span>\u00a0\u00a0until you choose to trade.\u00a0A broker cannot prevent the withdrawal of your deposit before it has been traded.\u00a0Avoid.<\/span><\/p>\n<p><strong><span>Optec<\/span><\/strong><\/p>\n<p><span>Opteck is now closed for business.\u00a0Tighter regulations introduced by CySec (which monitors Opteck) have left firms with no choice but to stop trading.\u00a0Increased regulation helps the industry by cracking down on firms that use misleading marketing, or fraud, to get money from clients.<\/span><\/p>\n<p><strong><span>Boss Capital<\/span><\/strong><\/p>\n<p><span>Boss Capital is a popular broker that accepts US traders.\u00a0The lack of strong regulation allows them to operate using questionable methods.\u00a0They are other firms that have closed as a result of better regulation.<\/span><\/p>\n<p><strong><span>StratX<\/span><\/strong><\/p>\n<p><span>StratX is a firm brought to the attention of disgruntled customers (see testimonials page).\u00a0Firms use cold calling, account managers and make withdrawals very difficult.\u00a0Not encouraged.<\/span><\/p>\n<p><strong><span>CFDStocks<\/span><\/strong><\/p>\n<p><span>Other firms we receive a lot of correspondence about CFDStocks.\u00a0They use most of the tactics discussed above, including cold calling.\u00a0Most contacts we receive say account managers encourage larger and larger deposits before disappearing.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><a href=\"https:\/\/iqoption.com\/lp\/mobile-partner\/ru\/?aff=12245&amp;afftrack=&amp;clickid=\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/iqoption.png\" alt=\"\" width=\"300\" height=\"72\" \/><\/a><\/h2>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scams using binary options are unfortunately very common, as you know from our list of scam brokers and services.\u00a0If you&#8217;re concerned about victims, this guide explains how to avoid scams in the UK. Are Binary [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103],"tags":[],"class_list":["post-4170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-panduan-en"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts\/4170"}],"collection":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/comments?post=4170"}],"version-history":[{"count":2,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts\/4170\/revisions"}],"predecessor-version":[{"id":4172,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts\/4170\/revisions\/4172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/media\/3697"}],"wp:attachment":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/media?parent=4170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/categories?post=4170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/tags?post=4170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}