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  1. #1
    Rookie Member SteveinMass's Avatar

    smile 2 In my opinion Citrades.com is the sleaziest !!!

    SOME sleazy binary options trading web sites linked to this Binary Options free AUTO ROBOT Trading software are known as names such as LARRY's CASH MACHINE (by some Harvard wizard) - and MetaTrader4, and RISK FREE PROFITS are (listed by order of SLEEZIEST): Citrades.com, Lbinary.com, OneBinary.com, Cedarfinance.com,bloombex-options.com,cedarfinance.com, and BeeOptions.com.

    And ALL of these free Binary Options software out there will make sure you are aware that their software can only be used on - or is designed to work with particular online Binary Options brokers whom I presume get paid by these online binary option brokers to direct poor people to open up losing accounts with them. Remember a stock broker wins in fees regardless if you win or lose.

    The sleaziest of the sleaziest is Citrades.com & LBinary.com in my opinion. Citrades probably even beats out LBinary in this category. Their hook is free auto robot software which tries to get you to send $250 to 4 separate Option brokerages like Citrades.com. Then real people (assistant brokers & brokers) begin calling you saying you need to up your deposits from $250 to $1000 to make any 'real' money.

    ONLY the sleaziest (CITRADES.com) goes one step further. They steal your funds by telling you - you cannot withdraw your funds unless they are in the multiple thousands of dollars over your initial deposit. So kiss your under $1000 funds you placed in Citrades.com's safekeeping goodbye. OR NOT? Citrades.com has an error in their Terms of Agreement that you can use to withdraw your funds regardless of the balance/volume. If you signed up for a Citrades Account before 9 FEB 15 when I pointed the missing 'and' or 'and/or' error to them - show the following web page to Visa, Mastercard, or your lawyer. See more at my post at prorege-forum dot com

    When I tried to Withdraw $300 USD (my original Deposit) from Citrades.com, I received the following in an email from Martha Smith at Citrades Accounting: "you must trade 10x the volume of your initial deposit before withdrawing (if no bonus was applied to your account). For example, if you deposited $250 your turnover would have to be 2500 in order for you to withdraw." I can't imagine how many times the initial volume/turnover would be to withdraw if I had accepted their bonus trading money.
    Last edited by SteveinMass; 02-09-2015 at 06:27 PM.

  2. #2
    Administrator Martin Kay's Avatar
    Thank your for your comments. Im not sure the right thing to do is make a connection between the brokers and the software. Those autotraders and ssp's are often the same crappy product under a different name.

  3. #3
    Legendry Member Michael Hodges's Avatar
    its too bad that some brokers are linking up with these crappy ssp's, like Martin says, doesn't neccesarily mean the broker is scammy but it isn't a good sign.... and yes, most often it is the same shitty software from plae to place with a different name. The software that powers the Binary Option Auto Trader is a white label and can be used by anyone....just saying.

  4. #4
    Moderator Kolyo's Avatar
    For me itís also not a good sign and it really sucks! These autobots are 100% scam scrab, which nobody with little experience it trading will care off. The problem is that most of the inexperienced wanabe guys think that this is the better choice of their own trading, what a mistake. Thatís why better to make all these warnings really bold and to help as many people as possible to know of such traps.
    Last edited by Kolyo; 02-10-2015 at 01:15 PM.
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  5. #5
    Moderator Kolyo's Avatar
    It is even worse when a broker call you and asked you can he trades on your behalves???? This is ridiculous and full shame. Brokers, especially binary brokers need your cash as hard as you need it and their idea won’t be to make you reach but to steal all your money from your account. So even in some cases signal provider can give you a good educational start I think broker trading on your behalves must be prohibited because it is conflict of interests.
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  6. #6
    Rookie Member binarybaby's Avatar
    Stay away from http://www.nadexdailypro.com/
    Don't confuse them with similar sites as

    They are a scam and copy other sites.
    Last edited by Michael Hodges; 02-11-2015 at 03:36 PM.

  7. #7
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by binarybaby View Post
    Stay away from http://www.nadexdailypro.com/

    Don't confuse them with similar sites as

    They are a scam and copy other sites.
    This is an example of a scammy clone site, they use a name similar to a real trusted broker like NADEX and make you think they are affiliated or regulated when they are not... clones are way bad and causing a stir in Europe as many countries are cracking down.

  8. #8
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Michael Hodges View Post
    This is an example of a scammy clone site, they use a name similar to a real trusted broker like NADEX and make you think they are affiliated or regulated when they are not... clones are way bad and causing a stir in Europe as many countries are cracking down.
    except that the site you posted is a signal service supporting nadex trading and not a broker at all.... what was your point?

  9. #9
    Rookie Member binarybaby's Avatar
    my point is that yes, they are a signal service that is not legitimate with phony results

  10. #10
    Rookie Member kungpanda's Avatar
    I've always wondered why would anyone follow someone's else signals and crap, I think that any sane trader person would use its own brain to distinguish the proper signals when to enter and exit, or in the case of options trading the touch, no touch and etc instruments levels.

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