Tag Archives: binary options scam

Cambridge Options

cambridgeoptions.com

9/12/15: now XETRAOPTIONS , xetraoptions.com

Yet another ‘Industry Leader’, ‘Industry Preferred’, ‘World’s Most Popular’ Binary Options signal provider.

Established with an ABN just this month (10th November) you wonder how they can earn those accolades. Or even the testimonials:

CambridgeOptions testimonials

Maybe because the people are not real clients but just people in some images they pulled off the web:

Daniel_vic

They’re not even registered for GST yet apaprently ‘sold out’ of their ‘Business 48′ licences.

Trust them with your money??

Douglas and Partners

www.douglasandpartners.com

Another morph of The AMTP which Peter Phillips was also a Director of.

In the AMTP they used phony addresses and brokers. Money never made it to the broker supposedly in New York.

What Douglas and Partners aims to do is provide a signals alert service for trading binary options.

They have testimonials, but they are exactly the same as AMTP’s:

AMTP testimonials

 

douglas and partners

Steer well clear!

Also linked to Bidlife,  Passive Income Creations ,  Passive Ebay Income and Lifestyle Profits

The Aussie Method

aussiemethod.com

Also heard of it being advertised as The Brit Method ( thebritmethod.net ) and The Canuck Method ( thecanuckmethod.net )

We  seriously hope no-one for believe the hype and absolute rubbish on this website for this binary options trading ‘opportunity’.

One of the ‘testimonials’ reads: ‘OMG…$200 start and now $78,610 after ten days!!!! xx’

In the ‘Terms’ you will find:

THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEY USING THE TECHNIQUES AND IDEAS IN THESE MATERIALS.

nuff said…

You can also find a fine review of them here:

http://thebestbinaryoptionsbrokers.net/dangerous-scam-the-aussie-method-of-jake-pertu

AU Wealth Generation and The Binary Code Method

AU Wealth Generation , auwealthgeneration.com using TraderXP as their broker

auwg

Sure ! But maybe not with this guy’s help.

dr-glenn-t-winters

You’ll find his image many places on the web, but as different people. On the auwealthgeneration site he is Dr James Campbell, but the image name is actually Dr Glenn T Winters.

He goes on to tell you that you can make easy money, and replace your income with this online job..NO risk! 100% Guaranteed no risk or cost!

He explains how to pick the winning direction of a trade 88.94% of the time, when the chance according to the prices given (1.70) is more like 58%. He provdes no statistical evidence for this. All you have to do is set up your ‘free’ account with  a specific broker: TraderXP and you’re good to go.

Truth is, he does not care whether you win or lose, because he gets a minumum of $100 for each sign up to TraderXP through their affiliate scheme. By the time you’ve found out his system is rubbish you’ve probably just wasted money and time. And good luck if you want to get money out of TraderXP. There’s no path to quick riches in trading. It’s far more treacherous than the scammers make out.

I’m suprised he didn’t recommend the next logical ‘scam’ step, that if your first trade loses, then double up on the next trade, and so forth, until you get a winner, or blow your bank. And you know which one will happen sooner rather than later.. Some scammers claim this will give you a 99.5% chance of winning! Utter rubbish.

He tries to make you feel at ease, and generous, by saying he is merely funded by donations from ‘over-joyed’ users of the system.. $283,840.47 so far!

Don’t bother.

TPZ International

TPZ International , TPZinternational.com.au

Update 2/6/2014 Now they appear to have set-up as:

ITZ International , itzaustralia.com , ITZ Australia

update 24/6/14

now morphed into ITZA , ITZonline, ITZonline.com

(same text, same address, same phone number as ITZ )
This group just cold called me. Run by Topazair Pty Ltd who are also the people who run laybets.com.au which looked pretty much to be a scam. They also run St George Ltd who run a scheme similar to UK Homebusiness and Newmont Trading but with the difference that St George don’t charge the substantial upfront fees.

So anyway, TPZ International are peddling a Binary Options scheme. In the brief introductory spiel I had where I got to open a demonstration account and place a trial trade at Binary.com (the same broker that CM Traders use! ), my sales agent claimed  that they have 3000 clients and last year they sent out 700 trades and only lost 4 ! Hey sounds pretty good/unbelieveable. Then after more explanation it turns out that what they do is, if there is a losing trade in the first hour, they bet again on the second hour, doubling up basically. If that loses, double up for the third hour, and if that loses double again in the fourth hour…or a slight variation where rather than doubling the first hour they only try to get back their investment. EIther way, you’re looking at a loss about 10 to 12 times what you were trying to win. But hey, it’s ok if you only lose four sequences in 700 right ( the sales person admitted it was sequences not bets)?  Sure, if it were true. I’ll have to wait and see what proof they have.

But with the odds set by Binary.com as something close to 45/55, the strike rate is probably much more likely to be 350 winners out of 700. I don’t believe Anyone could be that good to win 696 out of 700 (but they’re probably twisting the facts again )

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