Binoprotrade – review of a binary options broker and feedback from clients.
Status of the underground company Binoprotrade
Initially, we were not going to talk about the company Binoprotrade, assuming that the situation is quite obvious. The hastily presented website is obviously not designed to inspire trust, judging by the subtext, which sounds like “do not invest money, or you will be left without it”. However, the abundance of negative reviews about this organization on the Internet indicates that people still send them their money. Therefore, we have decided to take action to fight scammers on the site binoprotrade.com!
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Company Analysis
Binoprotrade is a scam. The firm claims to be a broker for trading binary options, created to ensure secure transactions. Moreover, it supposedly tracks international economic and financial events to provide exceptional service.
The website itself is not worth detailed discussion as it leaves much to be desired. It is cluttered with hanging widgets, various fonts, images from free stocks, inactive sections, a mix of Russian and English languages, and other shortcomings. The visible use of English possibly was undertaken in efforts to give the project a more solid appearance but unfortunately only led to a ridiculous mix of both languages.
Despite the claimed registration location in St. Vincent and the Grenadines, the actual legal data indicates that this is an offshore area with a bad reputation chosen by scammers for their business machinations. Additionally, the broker has connections to other scam projects, indicating their experience and professionalism in the field of fraud.
Review of other underground projects:
- LibraOption. Fxlotos Services Limited, registration number 22131 IBC 2014, address: PO Box 1825, Cedar Hill Crest, Villa, St. Vincent and the Grenadines,
- 24BOpt. Fxlotos Services Limited. Address: Cedar Hill Crest, Villa, St. Vincent and the Grenadines,
- BinSecret. Fxlotos Services Limited, registration number 22131 IBC 2014. Address: PO Box 1825, Cedar Hill Crest, Villa, St. Vincent and the Grenadines,
- PlatinumBin. Fxlotos Services Limited, registration number 22131 IBC 2014. Address: PO Box 1825, Cedar Hill Crest, Villa, St. Vincent and the Grenadines,
- BinAmero. Fxlotos Services Limited, registration number 22131 IBC 2014. Address: PO Box 1825, Cedar Hill Crest, Villa, St. Vincent and the Grenadines,
- 1Touch Trade. Fxlotos Services Limited, registration number 22131 IBC 2014. Address: PO Box 1825, Cedar Hill Crest, Villa, St. Vincent and the Grenadines,
- BinoProTrade. Fxlotos Services Limited, registration number 22131 IBC 2014. Address: PO Box 1825, Cedar Hill Crest, Villa, St. Vincent and the Grenadines.
This is only a part of the list of underground projects managed by fraudsters; their activities can be linked based on other criteria as well. An example of their presence is shown in the screenshot below.
Overview of the full list of “brothers” of Binoprotrade that we discovered:
- LibraOption — libraoption.com,
- 24Boption — 24bopt.com, 24boption.com,
- BinSecret — binsecret.com,
- LotosTrade — lotostrade.com,
- Binamero — binamero.com,
- PlatinumBin — platinumbin.com,
- 1TouchTrade — 1touch-trade.com,
- Binomax — binomax.com,
- Maxbin365 — maxbin365.com,
- Binsecret — binsecret.com.
This list is not exhaustive as scammers have many more similar projects. Some of them are already inactive and operate under different names. So be cautious! Scammers do not rest.
Reviews from Deceived Clients
Let’s start the review with a feedback from Tatyana, confirming that an additional payment is required to withdraw funds. After this deal, not only will the money not be withdrawn, but the client will also incur even greater losses:
Here you can read another review regarding the fraud of the company in the field of binary options:
Next is a review illustrating the principle “All that glitters is not gold”:
Trust only verified sources and do not fall for the tricks of unreliable individuals. Explore reviews and independent analyses on reliable resources.
Conclusions
Binoprotrade is a typical and naive deception that operates aggressively and openly, not hiding its true nature. It is no coincidence that scammers have changed names more than a dozen times. We are puzzled by the fact that people, trusting without verifying the reviews on the Internet, invest their funds into the hands of such blatant fraudsters.
We strongly recommend everyone to rely solely on their own judgement, consider reviews, and remember that free cheese is only found in a mousetrap!
Author: Egor Tischenko
Read also: Saxo Bank – a review of a major broker and reviews from Western traders.