Scam Broker
1) Today, July 24, 2014, we decided to add a new binary options broker to our Black List.
BellOptions.com – After many days and many emails sent to this binary options broker asking about our affiliate commission unpaid, we decided to add this broker here because we did not receive any answer.
BellOptions is a SCAM BROKER – they do not answer emails sent to customers’ support teams or affiliates’ support teams. The Live Chat section is always offline.
They have to pay us MONEY. Because they refused to pay us, our business has been affected!
We recommend to all clients and affiliates – not to invest money / not start a collaboration with this broker. YOU WILL ONLY LOSE TIME AND MONEY!
2) After a bad experience with this SCAM Binary Options BROKER, we started a Blocklist with all binary options brokers who have not paid us.
https://www.bnryoptions.com/ – they have to pay us at least three months’ commission. After we asked, again and again, for our money, they blocked us on Skype (we can’t contact this broker via Skype) and got no answers to our emails.
They have to pay us BIG MONEY. Because they refused to pay us, our business has been affected!
We recommend to all clients and affiliates – not to invest money / not start a collaboration with this broker. YOU WILL ONLY LOSE TIME AND MONEY!
Company Name:
One On One Holdings Ltd
Wilbury way
Hitchin
Hertfordshire SG4 0TY
United Kingdom
CEO – Gary Samuels
Scam Broker: How to Avoid Getting Burned by Fraudulent Binary Options Brokers
If you are considering investing in binary options, it’s essential to be aware of the potential dangers of scam brokers. Unfortunately, not all brokers are honest, and some may engage in unethical practices that can cost you time and money.
This article will discuss two binary options brokers added to our blocklist due to their failure to pay us our affiliate commissions. We’ll also provide tips on avoiding being scammed by fraudulent brokers and choosing a trustworthy broker.
BellOptions.com: A Scam Broker that Refuses to Pay Commissions
On July 24, 2014, we added BellOptions.com to our block list. Unfortunately, despite numerous attempts to contact them regarding our unpaid affiliate commission, we received no response. Furthermore, the live chat feature was always offline, and there was no way to reach their support team.
Based on our experience, we can confidently say that BellOptions.com is a scam broker. Therefore, we strongly advise against investing with them or starting any collaborations. Doing so will only result in lost time and money.
BNRYoptions.com: Another Scam Broker that Blocks Communication
Our experience with BNRYoptions.com was equally frustrating. After not receiving our commission for three months, we contacted them several times to ask about the delay. However, they blocked us on Skype and stopped responding to our emails.
Like BellOptions.com, we consider BNRYoptions.com to be a scam broker. Therefore, we recommend that our clients and affiliates avoid investing with them or starting any collaborations. You will only end up losing time and money.
How to Avoid Scam Brokers
When investing in binary options, choosing a trustworthy broker is essential. Here are some tips to help you avoid scam brokers:
Research the Broker
Before investing your money, take the time to research the broker thoroughly. Look for information about their reputation, licensing, and regulatory status. Check online reviews and forums to see what other investors say about the broker.
Check their Website
Pay attention to the broker’s website. Does it look professional and trustworthy? Is the content well-written and free of errors? Do they provide clear and concise information about their services and fees? Moving to a different broker is best if the website seems sketchy or unprofessional.
Test Their Support Team
Before investing, try contacting the broker’s support team to see how quickly and effectively they respond to your inquiries. If they don’t respond promptly or give evasive answers, it’s a red flag that the broker may not be trustworthy.
Use Regulated Brokers
Choose a broker that is regulated by a reputable financial authority. This will help ensure that the broker operates by the law and follows ethical business practices.
Conclusion
Scam brokers can cause significant harm to investors in terms of lost time and money. However, by following the tips outlined in this article, you can avoid being scammed by fraudulent brokers and choose a trustworthy broker to work with.
If you’re unsure about a broker’s trustworthiness, it’s always best to err on the side of caution and choose a different broker. Remember, the safety of your investment is paramount.
FAQs
- What is a scam broker?
A scam broker is a binary options broker that engages in unethical business practices, such as failing to pay affiliate commissions or blocking communication with investors.
- How can I avoid being scammed by a binary options broker?
To avoid being scammed by a binary options broker, research the broker thoroughly, check their website for professionalism, test their support team, and choose a regulated broker.