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  1. #1
    Rookie Member

    Sick and tired of getting ripped off by crooks who pretend to be trading brokers !!!

    Hi, I've been ripped off by Vaultoptions, they stole me $1850.-; Traderush has given me weak signals that made me slowly loose my $250 deposit; BCC (BinaryCashCreator) binary software, doesn't do what it claims to do! I lost my whole $250 deposit on Banc de Binary. It could well be that both BCC and BdB are working together to cash in the dow. Several other brokers keep contacting me, most are brand new and not reliable, being less than 3 mo. old...
    Last edited by ilostmyshirt; 06-26-2014 at 02:22 PM.

  2. #2
    Master Member SeasaltMcFish's Avatar
    Never follow signals. Learn to trade yourself!

    Following signals, be it brokers or signal providers, is not a way to learn trading. It's a way to lose money.
    I presume you fell for the payout or bonus of those brokers. It's a common newbie mistake.

    Trading binary options require:

    - A trusted broker (understand that too high payouts and a big bonus have to be paid by someone... prob. you)
    - A solid understanding of trading (so learn to trade and don't follow signals or get rich quick schemes).
    - A solid money management (so you don't trade with scared money)
    - A solid state of mind about what you are doing (so you don't get tempted to win back losses asap, but over time and sample).
    - Owyeah, you also need some solid system, but that comes 5th...

    Hope you'll recover from your losses!

  3. #3
    Legendry Member Michael Hodges's Avatar
    Seasalt summed it up pretty good, if you aren't trading for yourself your trading for your brokers next vacation.....:-(

  4. #4
    Specialist Member LesterK's Avatar
    Quote Originally Posted by Michael Hodges View Post
    Seasalt summed it up pretty good, if you aren't trading for yourself your trading for your brokers next vacation.....:-(
    Nice said Michael, fully agree I don’t want to trade for my broker vacation and that’s why I am strictly following the five steps from the Seasalt post. They summarize everything that we need to follow, DON’T follow signal providers – Rule Number One in my Investing Philosophy

  5. #5
    Administrator Martin Kay's Avatar
    I guess it's time for you to start trading on your own. Learn how to trade, don't trust everything signal sellers offer you.

  6. #6
    Active Member supertrader's Avatar
    It is really time to take the trading in your hands and to move forward. You can not accuse all the time fake signals and fraud brokers. If you make the necessary step and take all the responsibilities you won’t be splashed through ones again!

  7. #7
    Rookie Member Daveman's Avatar
    Don't waste time being angry and feeling sorry for yourself. Just change your strategy and learn from this experience. Good luck next time!

  8. #8
    Rookie Member
    can i ask though guys what about services that ARE NOT on the side of the broker? I know that a lot of the signal providers are connected to the brokers hence why eventually you lose but for people that are not able to find that "golden strategy" surely some kind of social trading or pro trader can help break the bank?

  9. #9
    Master Member SeasaltMcFish's Avatar
    Quote Originally Posted by mickjenkins View Post
    can i ask though guys what about services that ARE NOT on the side of the broker? I know that a lot of the signal providers are connected to the brokers hence why eventually you lose but for people that are not able to find that "golden strategy" surely some kind of social trading or pro trader can help break the bank?
    I think there are a lot of signal providers that are not linked to a certain broker, but ask you to pay for their signals. However, think about why they sell signals! Why don't they simply use their money to trade these signal themselves? The only reason I can imaging, is that the signals are not as good as pretended to be. In that case, learning to trade yourself will still be better. The money you save by not paying a signal provider can be used for your beginners mistakes.

  10. #10
    Legendry Member Michael Hodges's Avatar
    Im sure that there are some signal service providers not linked to a broker, just check out my free tips every week on BOTS! In the end I think all binary signal gurus, even if you apy for the service, require you to sign up with a certain broker making them an affiliate scam

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