Binary options is a swiftly growing industry with very little regulation, and that is an environment which is ripe for crime.

When I first started putting together this site, I found a lot of those scams. Now and again new ones continue to crop up.

You will run into glowing reviews for binary options scam sites, but if you dig a little deeper, you will find the dirt. The latest scam I have discovered is actually a binary options broker, not another signal service or trading system for sale.

The broker is called ZoomTrader, and appears to have gotten its start in The offices are based in British Anguilla, and they may be the most dubious broker I have encountered since Cedar Finance—and that is saying something. For one thing, they accept traders from the USA. For another, there are high bonuses. You can also trade in up to six currencies, and there are more payment methods available on this site than any other broker I can think of.

They have gone out of their way to make their site accessible.

I will be honest. I have not traded with this broker, and I cannot say for absolute certain that the terrible reviews I have found online were not posted by their competitors. They are so consistent, thorough, and distinctive, though, that I have a difficult time imagining that they were made up. Along the attractive bonus, there are other features which could easily cause a prospective customer to want to sign up.

Daily market updates, an up-to-date trading blog functioning as an economic calendar, a free eBook, and a full set of video tutorials covering a number of different trading topics are available to all traders.

Customers who have larger accounts may also qualify for a dedicated account manager, faster withdrawals, charts, signals, and trading strategies. Some features that are important are plainly missing.

There is no demo account—a common fault among binary options brokers, but an irritation nonetheless. Learn why a demo account is a powerful tool. There also appear to be no tools for controlling trades, and that is a red flag. I could find no references on the site to rolling over, doubling up, or closing out of a trade early to take profit or cut losses.

Without these tools for control, you are far less likely to become a profitable trader. Yet another red flag was my attempt to contact customer service on live chat. Even though I tried on a weekday during standard market hours, I was unable to reach anybody. Once again, this is a common fault, but it is never one that sets my mind at ease.

Hard-to-reach customer service means hard-to-solve account problems if something goes wrong. Best Customer Service of for Binary Brokers.

You will find several positive review pages which are clearly whitewashed by the company or its affiliates. You will also find links to RipoffReport and ComplaintsList. On those sites, you will find dozens of horror stories of lost money and terrible customer service by customers. These stories seemed to have several key patterns that kept repeating in one form or another:. Reading these stories of customer woes, all I can conclude is that ZoomTrader is not just a bad broker—it is really just a scam and not even a real binary options broker at all.

Bad service and missing trading tools are just the start of it, and all those educational materials, a sign of good faith in most cases, here mean nothing. ZoomTrader seems reliable in only one regard, and that is in their ability to piss off customers and drain their bankrolls. Meanwhile, head over to our list of recommended brokers to learn about some reputable companies where you can legitimately trade binary options.

They are really scams.

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ZOOM TRADER IS A SCAM BY A CON-ARTIST. MAKE THEM GO BROKE OR IN PRISON. ONCE YOU CHIP IN, YOUR MONEY IS LEGALLY THEIRS. THE BEST WAY IS TO FILE A LAWSUIT. Street View on google maps: May be someone who have problem with zommtrader could sent me or publishe anywhere a screen shot as a proof.

I read many bad posts about many brokers Titantrade, NRG, Interactive, OneTwoTrade and others that these brokers are scam but i have received my funds from all of them. Some of them credited bonus in my accout without my accept but after many e-mails, live chat conversations finally they paid out my account balance. I recommend you this platform,www.

Touch / No Touch Binary Options - 1 Touch Binary Trading To Win

I live in Austria. I was working in Zoomtrader for two months and it was horrible. They lied to clients all the time and also they force us to say that we were in London instead of Praga. They just want your money and they do not care about you. Subsequently, I tried reaching him and he did not return my emails or skpe requests until about a week later. I told him I wanted to close the account and have the balance credited back to my credit card.

He said he would put me in contact with a manager by the name of Daniel Goldman. Goldman via skpe and made the same request, to close my account and credit the funds back to me.

Getting Rich with Binary Options: ZoomTrader - Don't Get Scammed!

I have made 3 requests and have not heard from him. I certainly would not recommend Zoomtrader to anyone. I have a close friend who also trades binaries and he was going to go with them, but after this terrible customer service experience, I told him to stay away. Could you please provide me more information about that guy — Sami Halperin, and zoomtrader he often skype with me and took me a lot of money, now I tried to ask my bank of America to dispute my case, and my bank need proof from all people who were cheated from Zoomtrader.

It is always easy to double your funds through Zoomtrader platform. I have tried a dozen of times withdrawing from my funds and never have any issues on any delay whatsoever. I think if you have problems with them, you can email or call their support for further assistance. And it does not pay off, it is a scam designed to take your money, after the fact you get to read the rules. I am very disappointed that they are such great scammers, they promise great rewards and steal your money.

This program is a waste do not fall into their scam! Zoomtrader is a scam DONOT deposit any money even without a bonus!!! I held off 3 weeks until the end of the month in Sept. The money was debited from my account on Sept. Best Customer Service of for Binary Brokers Major Red Flag: These stories seemed to have several key patterns that kept repeating in one form or another: All interactions with the company seem to be with a person named Jack Moore. It seems odd that a binary options broker would only have a single staff member.

It is not impossible, but unlikely. A scam on the other hand could very easily be operated by a solitary individual. Trades expire later than they should. Several customers posted that they were in trades which should have closed in the money, but did not, because the clock continued to run for 30 to 60 seconds after the trade should have ended.

When the trade expired, it expired out of the money. Multiple customers complained that they were forcibly issued a bonus even though they did not want one. After opening their accounts and depositing their funds, they discovered they had been given a bonus even though they specified that they would not accept the leverage on their accounts. Other customers stated they were unable to withdraw their winnings promptly or at all.

Stay Away from ZoomTrader Reading these stories of customer woes, all I can conclude is that ZoomTrader is not just a bad broker—it is really just a scam and not even a real binary options broker at all. You can even send me a youtube. Hello, I was working in Zoomtrader for two months and it was horrible.

Zoomtrader is a scam. Hi, with wich broker are you trading now? I live in Holland, wich broker is best to use? Varies Trusted Broker Minimum Deposit: About, Privacy, Terms, Disclaimer BinaryOptionsBlacklist has financial relationships with some of the products and services mentioned on this website, and may be compensated if consumers choose to click on our content and purchase or sign up for the service.

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Don't trade with money you can't afford to lose.

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SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. All content on this website is based on our writers and editors experiences and are not meant to accuse any broker with illegal matters. The words Scam, blacklist, fraud, hoax, sucks, etc are used because all content on this website is written in a fictional, entertainment, satirical and exaggerated format and are therefore sometimes disconnected from reality.

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