Binary Options, along with digital currency scams, have become the latest major scam trend. There are literally hundreds of binary options scam companies operating at the moment, many of them incorporated in the most obscure and secretive locations. We have published an information site http://binaryscams.net/ for investors in these products.
Please be warned – there has been a recent surge in the number of recovery room scams associated with binary options. These are sites which claim to be run by reformed binary options traders who have moved over from the dark side to help investors recover their money. In many, many cases they are simply scam sites which will charge you a lot of money and deliver very little. We know of one client who was told that his initial fee for their assistance would be £25,000. When he said that he couldn’t afford that it was eventually reduced to £5,000. Thankfully he still turned them down.