Binary Mayor Scammer and Hypocrite!

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Binary Mayor Scammer and Hypocrite!

Binary mayor is a scammer and a hypocrite. I told myself for a long time that I was going to be the bigger man and ignore the senseless attacks launched at me by this parasite, but today I’ve hit the tipping point.

It’s time that we take a close look at this nasty binary options affiliate marketer and expose the dangerous truths.

In my eyes, there is nothing worse than a hypocrite and that’s exactly what we are dealing with today. This self-proclaimed mayor of binary options does nothing to add value to the binary options community. All he does is sit on the sidelines and throw dirt at anyone with a reputation in order to get his website a few clicks. Well, you’re going to get a few clicks today, from people who see you for what you really are. Someone who can’t be trusted.

So why does the Binary Mayor want traffic on his website?

Well, it says that he will teach traders how to trade binary options, avoid scams and make money online. I’ve spent a couple hours on his website and I don’t see one article or discussion about how to trade binary options. The only thing I see is an affiliate marketer trying to get traders to sign up with binary options brokers for a sweet commission. Plastered on the right side of the page are affiliate links to IQOption, TradeThunder, PorterFinance, Magnum Options, Boss Capital, Cherry Trade, TopOption, StockPair and AnyOption. So not only is he a scammer and a hypocrite, but he’s also a liar. To top it all off the binary mayor doesn’t even have an earnings disclaimer on his website. So he’s hiding the fact that he makes commission off of YOU.

Real nice, you wouldn’t be the Mayor in my town. I say that we vote for a recall election and remove this self-elected scumbag from office.

Not only does the Binary Mayor attack real binary options strategies and systems. He does everything in his power to promote automated trading systems that have been proven to be scams. How fitting, the binary mayor gives the auto binary signals software an 8.4 out of 10. Are you kidding me? The auto binary signals system has no real binary options strategy. It doesn’t monitor charts or analyze data, it’s a flip a coin trader and it doesn’t surprise me that the Mayor doesn’t know this because he doesn’t try any of the systems that he actually reviews. When I wrote my review of the abs system I wasn’t very harsh, all I said was I haven’t tested it yet so I can’t give a recommendation but the reader response was not good. Here, go ahead and take a look at some of the comments for yourself.

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The Binary Mayor is not a binary options trader. He couldn’t tell you the difference between a martingale strategy and a hole in the wall. He can keep attacking traders and real strategies but it’s not going to get him anywhere.

It’s definitely time we vote for a recall election and remove the binary mayor from binary options once and for all. Don’t let the door hit you on the way out.

Minneapolis mayor hacked in phishing scam that claimed official city email account

The mayor of Minneapolis wound up on the receiving end of a phishing scam that resulted in his official email account being compromised, his office said Thursday.

Local news outlets in Minneapolis, Minnesota’s most populous city, reported receiving suspicious emails Thursday morning purportedly sent by Mayor Jacob Frey, a Democrat, instructing recipients to open an attached PDF file.

“Please download and view below a proposal from The City of Minneapolis for your review, we have a new financial offer that I considered you might be interested in based on the history of your company and decided to give you an exclusive insight first before making it public,” said the emails, according to the outlets.

Security experts who reviewed the messages concluded they were sent by someone who hijacked Mr. Frey’s city email account rather than simply masquerading as the mayor.

“In this case, it wasn’t a ‘spoofed’ email pretending to be the mayor. They hacked the mayor’s account,” cybersecurity expert Bryce Austin told KARE 11, a local NBC affiliate that received the email. “It’s a very basic hack, but the difference is it’s the mayor, a person with authority, and that is very concerning.”

The mayor’s office acknowledged that Mr. Frey’s account had been apparently hacked through a phishing scam and advised recipients to refrain from opening any similar emails and attachments to avoid suffering a similar fate.

The incident has since been “contained and resolved,” mayoral spokesperson Mychal Vlatkovich said later Thursday, the Star Tribune reported.

“We apologize to those who were targeted as a result of this scam,” said the spokesman.

Hackers often claim victims by tricking targets into opening files, such as PDF documents, that have been embedded with malicious code. Indeed, Malwarebytes, a California-based cybersecurity company, warned earlier this week that it was aware of a recent campaign in which booby-trapped Microsoft Word files purportedly containing the text of “Permanent Record,” the new book by former intelligence contractor Edward Snowden, were used as bait in a similar email campaign.

Copyright © 2020 The Washington Times, LLC.

Binary.com becomes a scammer?

#1 AntonKh

I am a trader with 16 years of experience, and I write analytical reviews for companies related to Forex. During the year I have been engaged in successful trade on my trade account with Binary.com. Approximately since last March the balance of my account has been growing steadily due to my chosen trading strategy with tick options, while the starting amount was quite small. During this time I had no problems concerning the payment of the money that I earned by Binary.com, but approximately on 20 of November 2020 my and my wife’s accounts were suddenly and without a warning blocked and we could neither trade nor withdraw earned money from it.
We received no response with explanation to or requests to justify the blocking of accounts. On 26 of November Binary.com withdrew the entire balance amounts from our accounts. On this day we got the explanation that the withdrawal of our money was made as a result of the cancellation of trades made on the indicated dates. According to Binary.com the cancellation of trades occurred due to the failures in the trading system, which led to delays in quotations. In this situation Binary.com did not provide a single proof that there actually were any delays and that they occurred exactly on the indicated dates, although such proofs do not exist even theoretically because there is no single market quotation for an instrument in the Forex market especially for Binary Options.
Binary.com canceled the trades and withdrew exactly the amounts that corresponded to the balances on our trading accounts. The withdrawal of our money was performed with retrospective effect, after 2 and less than a month after the so-called “failure trades” were performed, which is an evidence of the deliberate misappropriation of the client’s money.
To my objection to the appropriation of my money Binary.com could not give an explanation of the violation of their own rules, as well as they could not provide a proof of the so-called “system failures”. In addition, Binary.com did not accept my proposal of a compromise solution of this conflict situation. Therefore I have sent the Compliant to MFSA.

AA.png 575.36KB 16 downloads

BB.png 345.33KB 11 downloads

All successfull traders must be aware that Binary.com may steal your money!

  • homero15 and neddihrehat like this

#2 luca1073

ok I really hope you just wrote a review to put deliberately dirt on binary .com

if thats not the case then IM REALLY SORRY.

some brokers find excuses not to pay when they discover you have two accounts on your name or that you access through same IP or that you funded two different accounts with one credit card, but you said you asked them about a reason and they didnt give youany answer . I think you should make many reposrts and ask people to help you. thats a lot of money

  • happyjas likes this

#3 bargain8223

I trade with binary.com too but idon’t think they will turn into scam , i really never get problem withdrawing with them , hope u ll get u r $$

  • happyjas and luca1073 like this

#4 calebfx

You joined today and your first post is condemning a broker with screenshots that don’t show anything abnormal, please we are educated on BOE, if you have a legitimate case of fraud done to you by binary.com do show us the proof and not some screenshots of normal account activity.

It is actually a bit dodgy as some BOE members are considering joining Binary.com so if you have solid reason we shouldn’t invest with them, let us know so we can stay away from the broker thank you.

  • bargain8223, happyjas, hp699flva and 1 other like this

#5 randy1953

Come on guy I think the proof is there on the statements. It seems legit to me and the guy does not seem like a fraud or a paid person coming in to discredit Binary.com.

this is not as uncommon as you think and it is always one of my main concerns with offshore brokers you are trading directly against them and they will have the final word.

From what I have read in his post he is Not saying Binary.com is a scam broker. A scam broker would not have credited him his money after canceling the trades. However he is giving a good warning of what can happen. the broker has the final say unless you can win by reporting it to the correct governing bodies. It can very well be during those trades something happen to their platform and the broker took action why because they can.

I wish him well and hope he can be made whole

#6 luca1073

Come on guy I think the proof is there on the statements. It seems legit to me and the guy does not seem like a fraud or a paid person coming in to discredit Binary.com.

this is not as uncommon as you think and it is always one of my main concerns with offshore brokers you are trading directly against them and they will have the final word.

From what I have read in his post he is Not saying Binary.com is a scam broker. A scam broker would not have credited him his money after canceling the trades. However he is giving a good warning of what can happen. the broker has the final say unless you can win by reporting it to the correct governing bodies. It can very well be during those trades something happen to their platform and the broker took action why because they can.

I wish him well and hope he can be made whole

Binary.com should definitely know about this comment and tell us here what happened and that could help this guy recuperate his money who knows?. Internet can be powerful sometimes even more than regulators. of course 17.000 $ is a lot of money on my opinion but binary.com im sure deals with a lot of liquidity.

definitely a red flag for binary brokers that already have very bad reputation for the well known conflicts of interest. but we dont lose hope

I insist , I hope its not a true story.

  • happyjas and blackfoil like this

#7 randy1953

Binary.com should definitely know about this comment and tell us here what happened and that could help this guy recuperate his money who knows?. Internet can be powerful sometimes even more than regulators. of course 17.000 $ is a lot of money on my opinion but binary.com im sure deals with a lot of liquidity.

definitely a red flag for binary brokers that already have very bad reputation for the well known conflicts of interest. but we dont lose hope

I insist , I hope its not a true story.

The story seems true but maybe incomplete that’s why it is important for Binary.com to come to the forum and address such a issue. the other forum I am a member in does that they notify the broker about the complaint and invite the broker down to tell their part of the story. It helps get everything settled.

  • luca1073 and martinezfx like this

#8 Martini1209

If this is indeed a true story then I am very sorry and I do hope you can recover it and get in touch with the appropriate regulatory body.

However, I am somewhat suspicious as well. First of all, the new account and the copy – pasted text(slight grey box around it). It may be because it’s been copied from a word document of course, but it may also just be a prepared statement to be shared in this manner. Lastly, while it is a lot of money to us, it is not ultimately a large amount of money for a broker. Of course it depends on their size, but binary.com is significant in size and this isn’t ultimately that much money for them, I doubt they would perform such a stunt just in order to seize such an amount of money, and it also isn’t in their terms and conditions, so they couldn’t really justify it. Lastly, the screenshot is from a month ago, why post today? This would be something I would like to get sorted/make public as soon as!

Once again, I apologise if this is really what happened, and I hope it gets sorted as it does seem like a freak occurrence. But binary brokers are not the devil incarnate as people seem to think, their business model relies on more people using their service, not scamming relatively small sums off clients, that just wouldn’t work!

  • happyjas, luca1073 and calebfx like this

#9 randy1953

If this is indeed a true story then I am very sorry and I do hope you can recover it and get in touch with the appropriate regulatory body.

However, I am somewhat suspicious as well. First of all, the new account and the copy – pasted text(slight grey box around it). It may be because it’s been copied from a word document of course, but it may also just be a prepared statement to be shared in this manner. Lastly, while it is a lot of money to us, it is not ultimately a large amount of money for a broker. Of course it depends on their size, but binary.com is significant in size and this isn’t ultimately that much money for them, I doubt they would perform such a stunt just in order to seize such an amount of money, and it also isn’t in their terms and conditions, so they couldn’t really justify it. Lastly, the screenshot is from a month ago, why post today? This would be something I would like to get sorted/make public as soon as!

Once again, I apologise if this is really what happened, and I hope it gets sorted as it does seem like a freak occurrence. But binary brokers are not the devil incarnate as people seem to think, their business model relies on more people using their service, not scamming relatively small sums off clients, that just wouldn’t work!

I tend to believe the guy and I am normally a good judge. the new account well he’s probably been hoping to get a answer from them got fed up and now he is letting the bins forums know. He posted the same in another bins forum I am a member in.

Now yes in terms of a broker like Binary.com it’s not a lot of money but maybe it is. If a broker has done thins over and over again to other traders it can sure add up real fast. you say we would have heard about it not necessarily too many folks believe what the broker tells them. If you have a bunch of winning trades and the broker comes back and tells you those trades are not winners because of something like a bug in our software then what say you? the broker gives back your money and tells you they are sorry end of story. I’m sure this happens every single day to thousands of traders yes we have millions of traders trading bins now.

so let say it only happens to 1000 traders each day it’s probably more but lets go with just 1000. Now lets say the average of the winning trades per trader that the broker has canceled is $100 probably more but lets go with 100. that’s 100,000 per day over 60 million dollars per year and all because your broker tells you your trades were canceled because of a system bug. It’s probably more like 200 million per year . Hey I will take only 10% of the 60 million and be a very happy man.

the offshore business model relies on getting as many not to smart traders to sign up and then to keep asking for more and more money. Yes there are decent brokers out there Stockpair a good one but there are many many more brokers out there that will try and take you anyway they can.

#10 Martini1209

I understand what you mean, but if it’s a big broker like binary.com that is trusted generally(according to BotS which I regard quite highly) then they wouldn’t be using little things like this. I would like to think that if it did happen consistently people would flag it up, they get a reputation and lose business. Brokers don’t need to steal peoples money – people are willingly giving them their money and more often than not losing!
That said, they are not regulated and they do have a clause:

“In the case that any financial contracts are acquired or sold at prices that do not reflect fair market prices or that are acquired or sold at an abnormally low level of risk due to an undetected programming error, bug or glitch in our website software, the Company reserves the right to cancel or reverse such transactions upon notification to the Client of the nature of the computer error that led to the mispricing. Clients have a duty to report to the Company any problems or suspected system inadequacies that they may experience and may not abuse of system problems for profit. The Company will endeavour to resolve any such difficulties in the shortest time possible. Persons with insider knowledge of any financial market or instrument are prohibited from trading at this website. In case of errors or inconsistency of data feeds, we reserve the right to cancel any or all affected contracts.”

This does seem like it’s rather convenient for them, so could be true, though I would hope there would be some justification and they can’t just wipe your account. I’m not saying it is or isn’t true, I’m just saying we should be cautious. Binary.com don’t appear to be regulated by one of the standard organisations, which maybe is what I would advise. Glitches or not, if you can access the times of your positions it will be easy enough to prove whether or not they were correct or not – regardless of ‘technical issues’ on their side (especially if they have their own interactive charts!).
There would be nothing to stop anyone making an account, a coherent post such as the above and creating some screenshots like the above. If I am wrong, then I wish you all the best of luck in recovering your funds.

#11 randy1953

I understand what you mean, but if it’s a big broker like binary.com that is trusted generally(according to BotS which I regard quite highly) then they wouldn’t be using little things like this. I would like to think that if it did happen consistently people would flag it up, they get a reputation and lose business. Brokers don’t need to steal peoples money – people are willingly giving them their money and more often than not losing!
That said, they are not regulated and they do have a clause:

“In the case that any financial contracts are acquired or sold at prices that do not reflect fair market prices or that are acquired or sold at an abnormally low level of risk due to an undetected programming error, bug or glitch in our website software, the Company reserves the right to cancel or reverse such transactions upon notification to the Client of the nature of the computer error that led to the mispricing. Clients have a duty to report to the Company any problems or suspected system inadequacies that they may experience and may not abuse of system problems for profit. The Company will endeavour to resolve any such difficulties in the shortest time possible. Persons with insider knowledge of any financial market or instrument are prohibited from trading at this website. In case of errors or inconsistency of data feeds, we reserve the right to cancel any or all affected contracts.”

This does seem like it’s rather convenient for them, so could be true, though I would hope there would be some justification and they can’t just wipe your account. I’m not saying it is or isn’t true, I’m just saying we should be cautious. Binary.com don’t appear to be regulated by one of the standard organisations, which maybe is what I would advise. Glitches or not, if you can access the times of your positions it will be easy enough to prove whether or not they were correct or not – regardless of ‘technical issues’ on their side (especially if they have their own interactive charts!).
There would be nothing to stop anyone making an account, a coherent post such as the above and creating some screenshots like the above. If I am wrong, then I wish you all the best of luck in recovering your funds.

Exactly most offshore brokers have such a cause and lets be real your offshore broker is not a real friend maybe not a devil but certainly not a friend remember big or small they are your adversary to which you are trading against. And of course they would use such a cause that’s why it’s there. It would do well if traders looked at their broker for what they are. they are your opponent just like in any sport.. Also since you are betting against the house the odds are much stacked in their favor. But don’t think just because we have many more losers than winners that they will say oh that was our mistake we are not going to cancel those trades hell no they are going to the cause they have and exercise it..

anyhow it will be nice once we learn the full story here.

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