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<p>Every year, more and more investors attempt to earn big returns in a short amount of time by betting on binary options. And, because of the high-risk nature of binary options trading, there are also complex networks of criminals conducting binary options scams online.</p>
<p>Many of these scammers operate illegal, unregulated binary options brokerage sites, as well as other types of binary options trading scams. The FBI estimates that the total sum stolen by binary trade scams worldwide is more than $10 billion &mdash; each year.</p>
<p>&nbsp;</p>
<h2>4 Unbelievable Real-World Examples of Binary Options Trading Scams</h2>
<h3>1. Lee Elbaz: Convicted of $150M Fraud</h3>
<p>In 2017, a <a href="https://www.thebureauinvestigates.com/stories/2019-07-16/binary-options-boss-lee-elbaz-convicted-of-145m-fraud">US court convicted fraudster Lee Elbaz</a>, former chief executive of a major binary options trading firm, of stealing nearly $150 million from investors.</p>
<p>In this binary options scam, Elbaz and her accomplices were operating a high-tech version of a boiler room scam. They would cold call investors in different countries and use high-pressure sales tactics to convince them to bet a certain way on different shares and commodities.</p>
<p>The unsuspecting victims saw their money growing in an account managed by the binary options trading company, so they continued to invest more and more. However, when they tried to withdraw their funds, they were unable to, and the binary options firm stopped responding to their requests.</p>
<p>This type of scam is all too common in the world of binary options trading. There are hundreds of such fraudulent binary options brokers operating today and tricking eager investors out of millions of dollars.</p>
<p>While global law enforcement agencies are able to catch some of the fraudsters, such as in the case of Lee Elbaz, many others continue to escape justice, creating new binary options scams whenever one of their sites gets shut down.&nbsp;</p>
<p>That&rsquo;s why it&rsquo;s so important to be aware of the risks of binary options trading and know how to avoid binary options scams.</p>
<h3>2. &lsquo;Fake Online Trading Cost Me $50,000&rsquo;</h3>
<p>The following example of a binary options trading scam is another frequently told story, in this case <a href="https://www.scamwatch.gov.au/get-help/real-life-stories/scam-victims-tell-us-their-stories/investment-scam-i-lost-50-000-in-fake-online-trading">told by the Australian Competition and Consumer Commission</a> (ACCC).</p>
<p>In this real-life account, an investor was contacted over the phone by an online trader who claimed to specialize in binary options trading, in addition to crypto and forex trading. He touted the latest online trading technology and guaranteed returns on investments made with his company.</p>
<p>The individual who was contacted fell into the trap and started off investing a few thousand dollars with the scammers. They were shown what appeared to be strong returns on the initial investment, and thus put more funds into the account.</p>
<p>Then, when the victim tried to withdraw the funds, they were told that they would need to pay a fee in order to do so. After continuing to demand their money, the victim&rsquo;s trades all of a sudden began to fall drastically, and the scammers tried to get more money out of them, purportedly to reverse the declining returns.</p>
<p>At this point, the target realized they had been scammed out of approximately $50,000, and that the whole online trading platform had been fake from the beginning.</p>
<p>This case is a prime example of a guaranteed returns scam, in which the scammers make promises that are too good to be true about higher than average returns for their targets. It&rsquo;s important to remember that there is no such thing as guaranteed returns, and anyone telling you otherwise is probably a fraudster.</p>
<h3>3. Spot Option, Deceiving Investors of More Than $100 Million</h3>
<p><a href="https://www.haaretz.com/israel-news/business/.premium-israeli-based-binary-options-platform-charged-with-100m-fraud-in-the-u-s-1.9729745">Spot Option was a fraudulent binary options platform</a> based in Israel that defrauded users of more than $100 million from 2012 to 2017.</p>
<p>In this example of a binary options trading scam, Spot Option ran a trading platform that provided investors with all the services they needed to trade binary options.</p>
<p>However, the platform employed manipulative tactics, only allowing clients to withdraw low sums and increasing the probability that their trades would expire without any returns.&nbsp;</p>
<p>Spot Option also partnered with companies who would profit when the platform&rsquo;s users lost on trades. The company encouraged their partners to market the binary options trading platform as a way to make huge returns quickly in order to gain even more clients to steal from.</p>
<p>The reality was that most of Spot Option&rsquo;s users lost all their money within 5 months in this binary options trade manipulation scam, and the trading site subsequently shut down.&nbsp;</p>
<p>While many rigged binary options trading platforms, like Spot Option, formerly operated out of Israel, the country has since banned them and scammers have been forced to move their operations elsewhere, as you&rsquo;ll see in the next story.</p>
<h3>4. Wolf of Sofia: $10 Million Stolen</h3>
<p>In what&rsquo;s known as the <a href="https://www.bloombergquint.com/onweb/wolf-of-sofia-s-alleged-accomplice-on-trial-for-10-million-scam">Wolf of Sofia scam</a>, scammers operated call centers out of Eastern European cities, including Sofia, Bulgaria.</p>
<p>&nbsp;</p>
<p><img src="https://media.top10chb.com/media/184/Screenshot-2022-04-29-at-10.38.35.jpg" alt="" width="680" height="453" /></p>
<p>&nbsp;</p>
<p>The scammers used high-pressure, boiler room sales tactics to get investors to send them money to invest in binary options and other types of assets. They then showed investors fake graphics purported to show their profits in order to get them to invest more in their trading platforms.&nbsp;</p>
<p>Whenever a client requested a payout, the scammers talked them out of it, then eventually claimed that the money was lost on one bad trade.</p>
<p>In reality, the money from investors was never put into binary options trades, but was rather funneled through money laundering operations into offshore accounts controlled by the scammers.</p>
<p>Binary options scammers are increasingly operating out of EU-member countries in Eastern Europe because their banks are integrated with the EU, and thus money laundering is easier.</p>
<p>This goes to show that the majority of fake binary options brokers operate offshore and are unregulated in the countries where they target their victims, which is why you should only ever trade binary options through a local, regulated brokerage platform.</p>
<h2>Tips on Avoiding Getting Scammed When Trading Binary Options</h2>
<p>Now that you know how some of the most common types of binary options scams work, how can you avoid becoming their next victim? Follow the tips below to avoid binary options trading scams:</p>
<ul>
<li>
<p>Research brokers to ensure they aren&rsquo;t already flagged for fraud</p>
</li>
<li>
<p>Check binary options scams list sites (like the <a href="https://top10chb.com/black-list/">Top 10 Chargeback binary options blacklist</a>)</p>
</li>
<li>
<p>Know that there is no such thing as guaranteed returns</p>
</li>
<li>
<p>Be wary of unsolicited brokers and cold call contacts</p>
</li>
<li>
<p>Don&rsquo;t give in to high-pressure sales tactics</p>
</li>
<li>
<p>Only work with local, regulated binary options brokers</p>
</li>
<li>
<p>Don&rsquo;t believe promises that sound too good to be true</p>
</li>
</ul>
<p>&nbsp;</p>
<h2>What To Do if You Fall Victim To a Binary Options Scam</h2>
<p>We hope you never fall victim to a binary options scam, but if you do, don&rsquo;t panic. Contact one of the chargeback companies listed on <a href="https://top10chb.com/">Top 10 Chargeback</a> for the best chances of getting some or all of your money back.</p>
<p>Chargeback companies are composed of teams of fund recovery specialists and cybercrime experts who have years of collective experience retrieving stolen funds from binary options scams and other types of online trading scams.</p>
<p>If you invested via a fraudulent binary options broker and now you can&rsquo;t withdraw your funds or you believe that they are manipulating trades, don&rsquo;t wait &mdash; contact one of the top chargeback companies today.</p>

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Binary options trading scams are getting crazier, scarier, and more ingenious. Read about 4 unbelievable binary scams, and what to do if you're scammed.

4 Unbelievable Binary Options Scams Of Recent Times | Top10

4 Unbelievable Binary Options Scams of Recent Times

<p>Binary options scams are one of the most prevalent types of online trading scams to be aware of and watch out for. Because binary options are not centrally controlled or regulated, there are many scam brokers and other fraudsters looking to take advantage of unsuspecting investors. By following the tips in this article, you&rsquo;ll be better prepared to <a href="https://top10chb.com/post/how-to-spot-binary-options-trading-scams-8-red-flags-to-watch-out-for/">spot and avoid binary options scams</a>.</p>
<h2>Tactics To Avoid Binary Options Scams</h2>
<h3>Always Check the Background of a Firm or Financial Professional</h3>
<p>Whenever you&rsquo;re considering working with a binary options firm, broker, investment advisor, or another financial professional, it&rsquo;s important to do your due diligence by conducting some research about them online.</p>
<p>You can do this by simply Googling the name of the company or individual and reading any information that comes up. Pay special attention to reviews on third-party sites or any articles that come up regarding their past track records.<strong>&nbsp;</strong></p>
<p>If you see any red flags, such as a bunch of negative reviews or articles about the person or firm being involved in any kind of shady practices, walk the other way to avoid being the next victim of a binary options scam.</p>
<h3>Beware of Overstated Investment Returns for Binary Options</h3>
<p>Binary options scammers often lure their victims in by promising that they are guaranteed to make huge returns on their binary options investments.&nbsp;</p>
<p>The reality is that making large profits through binary options trading takes a lot of experience and patience, and they are not a way to get rich overnight.<strong>&nbsp;</strong></p>
<p>Because of this, do not believe any brokers or other binary options traders claiming that they have some magic secret to help you earn big returns on your investments. If something sounds too good to be true, it probably is.</p>
<h3>Avoid Using Unregistered Binary Options Trading Platforms</h3>
<p>The majority of binary options scams tend to be carried out by unregistered binary options brokers and platforms.&nbsp;</p>
<p>There are perfectly legitimate brokers and platforms out there that you can trade binary options through, so you should only ever go through licensed and registered brokers.</p>
<p>In order to ensure that a broker is properly registered, first you need to find out what the local governing body for binary options platforms is in your area. For example, in the United States, registered binary options trading platforms are governed by the SEC or CFTC.<strong>&nbsp;</strong></p>
<p>You should be able to find information about where an online trading platform is registered on their website and be able to independently verify that the information is true on the databases of the local governing body&rsquo;s website.</p>
<h3>Check if the Binary Options Broker Is Authorized, or Is It on a Binary Options Blacklist</h3>
<p>Lots of binary options scams have already been documented, and the individuals or companies carrying them out are often on blacklists, such as the <a href="https://top10chb.com/black-list/">Top 10 Chargeback blacklist</a> of scam companies.</p>
<p>You can try doing a search with keywords like &ldquo;company x blacklist&rdquo; or &ldquo;person x blacklist&rdquo; to see if a broker you&rsquo;re considering trading through is on any obvious blacklists.<strong>&nbsp;</strong></p>
<p>Many third-party sites that list and review binary options brokers and platforms also keep up-to-date blacklists that you can refer to, so you know what names to watch out for and avoid in the world of binary options trading.</p>
<h3>Beware of Dubious Marketing</h3>
<p>Fraudulent binary options brokers often target their victims through paid social media advertising or other types of online advertising. Most of the time, the ads they run contain dubious marketing, such as the &ldquo;too-good-to-be-true&rdquo; promises about making you huge returns we mentioned earlier.<strong>&nbsp;</strong></p>
<p>Another dubious offer that many scam binary options brokers will use is a large deposit bonus. In other words, they say that they will give you bonus funds in your trading account if you sign up for a new account right away. Of course, if you fall for it, the bonus never materializes and the scammers make off with the funds you deposited.</p>
<h3>Check the Website and Reviews. Especially Look Out for Fake Reviews.</h3>
<p>Legitimate binary options brokers have websites that are complete, well-designed, and contain all the relevant information about fees and pricing, registration status, customer service, and everything else that prospective clients want to know.</p>
<p>If you come across a binary options broker&rsquo;s website that is low quality and lacks essential information, it&rsquo;s best to avoid trading through that broker.&nbsp;<strong>&nbsp;</strong></p>
<p>Many binary options scam sites also have fake reviews on them. Remember that it&rsquo;s incredibly easy to just upload a stock photo of someone, invent a name for them, and write a fake review on your own site, so always check reviews on third-party sites for binary options brokers.</p>
<h3>See if They Have Good Customer Support Services</h3>
<p>If you want to successfully trade binary options, it&rsquo;s important to have access to good customer support. Scam brokers are not concerned with the customer experience &mdash; they just want your money &mdash; so they often don&rsquo;t have any type of customer service available.<strong>&nbsp;</strong></p>
<p>Look at the contact information for any binary options broker you&rsquo;re considering working with and check for things like emails, phone numbers, live chats, and service hours. It&rsquo;s also a good idea to try contacting the customer service to make sure the information is actually real. If you reach out to a broker&rsquo;s customer support and they don&rsquo;t respond, it&rsquo;s a bad sign.</p>
<h3>If They Offer To Trade for You, with Guaranteed Profits, Stay Away</h3>
<p>It&rsquo;s virtually impossible to guarantee profits with any type of trading, let alone binary options, which are a very high-risk market to trade in.<strong>&nbsp;</strong></p>
<p>So, if any binary options &ldquo;trading experts&rdquo; offer to trade for you and claim that they can make you money, guaranteed, just say no.</p>
<h3>If They Only Want Payment in Cryptocurrency, This Is Shady</h3>
<p>With the rise of cryptocurrency, many scammers are increasingly looking to get paid in Bitcoin, Ethereum, and other popular cryptocurrencies. This is because it&rsquo;s harder to trace than traditional funds.</p>
<p>So, if any broker or other financial professional you want to work with asks for fees in crypto payments, and doesn&rsquo;t offer any other methods of payment, this may be a red flag that they are trying to scam you.</p>
<p><img class="img-fluid" src="https://media.top10chb.com/media/120/image_1.jpg" alt="" width="680" height="453" /></p>
<h2>How a Chargeback Company Can Help You Recover From Binary Options Scams</h2>
<p><a href="https://top10chb.com/">Chargeback companies</a> are a type of fund recovery firm that specializes in getting money back for clients who have fallen victim to binary options scams and other types of trading scams. They often do this through getting credit card chargebacks approved by your bank or financial institution, but they also have other tactics they can use to track down and pressure scammers.<strong>&nbsp;</strong></p>
<p>Besides serving clients after they have been scammed, chargeback companies also make it their goal to keep people educated about all the new types of online scams and fraud out there, so they are more aware and know how to avoid them. Chargeback companies do this by providing free resources, such as educational articles and blacklists (like the <a href="https://top10chb.com/black-list/">Top 10 Chargeback blacklist</a>).</p>
<p>If you think you&rsquo;ve been scammed by a fraudulent binary options broker, contact a chargeback company today. The sooner they can start reviewing your case, the better your chances are of getting some or all of your funds back from the scammers.</p>

binary-options-scams-tactics-to-avoid-getting-scammed

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Binary options scams are one of the most prevalent types of online trading scams to be aware of and watch out for. Here are some useful tactics.

Binary Options Scams: Tactics To Avoid Getting Scammed | Top10

Binary Options Scams: Tactics To Avoid Getting Scammed

<p>One of the most common ways to trade binary options is through binary options brokers. However, there are risks associated with this, as there are lots of fraudulent brokers out there running options scams.</p>
<p>This article will go over some of the binary options basics, before diving into different questions you should ask yourself before you make a deal through a broker to avoid getting scammed.</p>
<h2>What Is a Binary Option?</h2>
<p>A binary option is a type of financial option in which you buy based on speculation about its future cost at a certain date and time.</p>
<p>If the option reaches or surpasses that cost, you get paid a fixed amount. If it does not, you don&rsquo;t get paid anything. Because of this, binary options are considered a high-risk investment.</p>
<p>Binary options brokers make trading in this volatile market more accessible and viable for new investors, but there are also fraudsters out there posing as brokers in order to steal from eager, naive investors.</p>
<p>That&rsquo;s why it&rsquo;s important to know what red flags to watch out for to protect yourself from the different brokerage firm scams out there and ensure you only work with legitimate brokers and trading platforms.</p>
<h2>Are Binary Options Scams That Common?</h2>
<p>Unfortunately, yes, binary options scams are very widespread. Scam brokers operate outside the law and steal money from investors in a variety of ways, from manipulating trading software to flat out identity theft.</p>
<p>To protect yourself from getting <a href="https://top10chb.com/reviews/">scammed on binary options trading</a>, ask yourself the questions below when you&rsquo;re shopping around for binary options brokers.</p>
<h2>7 Things To Consider Before Trading Binary Options</h2>
<h3>1. Do You Know the Basics of Binary Options, Have You Done Your Research?</h3>
<p>Before making any type of investment, you should always do plenty of research to know what you&rsquo;re getting yourself into. Scams aside, binary options can be difficult for new investors, and you can lose a lot of money if you don&rsquo;t know what you&rsquo;re doing.</p>
<h3>2. Are You Getting Convinced By an Ad Online or on Social Media, or from a Reputable Site?</h3>
<p>Scam brokers often reel their targets in by baiting them with online or social media ads. These might appear on sketchy investment advice sites of questionable origins, or they might appear as sponsored posts on your Instagram or Facebook.</p>
<p>Be very wary of any ads you see for binary options brokers that claim they can make you high returns from binary options trading.</p>
<h3>3. Did You Check if the Binary Options Broker Is Authorized, or if It Is on a Warning List?</h3>
<p>Whenever you&rsquo;re considering a specific broker, inspect their site thoroughly to see whether or not they claim to be authorized, or registered and regulated, in the country where they are operating. Legitimate brokers should display their registration status in a prominent location, and you should be able to independently verify this.</p>
<p>If you research a broker who claims to be authorized, and instead their name pops up on a warning list of any kind, run the other way.</p>
<h3>4. Is the Firm Trying To Get You To Invest Via a Link in an Email or on a Website?</h3>
<p>Some scam brokers operate phishing-style scams, designed to steal sensitive information about you including your credit card and/or bank account details. They can then turn around and sell this information, use it to steal directly from you, or use it to commit identity theft.</p>
<p>Never enter sensitive information or attempt to buy binary options through an email or website link. Only use reputable broker platforms and software to trade binary options.</p>
<h3>5. Does Their Offer Sound Too Good To Be True?</h3>
<p>This piece of advice goes for any type of scam: if an offer sounds too good to be true, it probably is. Binary options trading is not a magic secret to getting rich quick, and no broker can honestly claim that they are going to make you huge returns off a trade or two.</p>
<p>In fact, anyone trading in binary options should expect to lose money on some trades, and no legitimate broker can deny or change that.</p>
<h3>6. Did You Check if The Firm Is a Clone Firm?</h3>
<p>Fake binary options brokers often clone the website of legitimate brokerage firms, so always check closely to see if this is the case for a broker you&rsquo;re looking at.</p>
<p>If you Google the name of a firm and multiple sites pop up, ensure you&rsquo;re clicking on the authentic URL. And, if you have any doubts about what site is real and what is a clone, just avoid that brokerage firm altogether.</p>
<h3>7. Do They Have a Fake Name or Social Media Profile?</h3>
<p>You should be able to Google the name of a legitimate broker and pull up information about them, including registration status, reviews, and more.</p>
<p>If you can&rsquo;t find any information on a broker, they might be using a fake name. Or, if you see that their social media profiles have little to no activity and appear new, that can be another red flag that they&rsquo;re pretending to be someone they&rsquo;re not.</p>
<h2>How a Chargeback Can Help You Recover from a Binary Options Trading Scam</h2>
<p>A chargeback is the first thing you can try to get your money back if you&rsquo;ve been scammed on binary options (or any type of investment).</p>
<p>As long as you made payments to scammers using a credit card or another payment card, you can dispute the charges with your bank or card issuer.</p>
<p><img class="img-fluid" src="https://media.top10chb.com/media/94/image2.jpg" alt="" width="640" height="427" /></p>
<p>In order to do so, you must clearly explain how you got scammed in writing, and attach any and all evidence you have of the scam for your financial institution to review.</p>
<p>If the institution&rsquo;s loss prevention team reaches a positive verdict on your case, they put the money back on your card.</p>
<p>For the best odds of retrieving all your funds, consider hiring <a href="https://top10chb.com/reviews/">a chargeback company</a>&nbsp;to do the process for you.</p>
<p>Chargeback fund recovery specialists have a track record of success and know exactly how to navigate the complex fund recovery systems offered by different financial institutions.</p>

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7-things-to-consider-before-trading-with-binary-options-brokers

This article will go over binary options basics, and red flags to look out for to avoid being scammed before you make a deal through a broker

7 Things To Consider Before Trading with Binary Options Brokers

<p>Binary options trading is a type of financial options trading in which options contracts are sold to investors by a broker. Binary options trading can be a legitimate investment. However, because of the highly speculative nature of it, there are many, many binary trading options scams out there.</p>
<p><img class="img-fluid" src="https://media.top10chb.com/media/76/how-to-spot-binary-options-trading-scams-8-red-flags-to-watch-out-for_1.jpg" alt="" width="680" height="452" /></p>
<p>If you&rsquo;re looking into investing in binary options, it&rsquo;s very important to know what red flags to look out for to protect yourself from binary options trading scams. Keep reading to find out what they are.</p>
<h2>8 Red Flags to Watch Out For To Avoid Binary Options Trading Scams</h2>
<h3>1. The Binary Options Broker Doesn&rsquo;t Reveal Their Location or Identity</h3>
<p>Legitimate binary options brokers should have no problem revealing their identity and location. So, if you&rsquo;re considering a binary options broker that doesn&rsquo;t list any of this information on their website and won&rsquo;t provide it to you, look elsewhere.</p>
<h3>2. All Communication Occurs Online, Usually via Social Media</h3>
<p>Binary options scam brokers often find their victims via social media or on questionable investment advice sites and reach out to them via DM or email. They also like to use untraceable messenger apps, such as WhatsApp and Telegram.</p>
<p>If a broker you&rsquo;re talking to is keeping all their communications online and won&rsquo;t get on the phone with you or meet in person, this is a big red flag.</p>
<h3>3. They Promise Too-Good-To-be-True Returns In A Very Short Amount of Time</h3>
<p>Binary options scams usually start with the brokers offering you unrealistic returns in a very short time period. The reality is that making any kind of real money in binary options trading takes a lot of time and dedication, and it is certainly not a &ldquo;get-rich-quick&rdquo; type of investment.</p>
<p>So, don&rsquo;t believe it when binary options brokers claim to be able to make you a return on your investment that sounds too good to be true, because it probably is.</p>
<p><img class="img-fluid" src="https://media.top10chb.com/media/77/how-to-spot-binary-options-trading-scams-8-red-flags-to-watch-out-for_2.jpg" alt="" width="680" height="453" /></p>
<h3>4. They Are Unlicensed and Unregistered</h3>
<p>Legit binary options brokers are licensed and registered with the Commodity Futures Trading Commission (CFTC). So, when you&rsquo;re shopping around for a binary options trading broker to work with, check their website to see whether or not they claim to be registered and licensed.&nbsp;</p>
<p>You should also double-check any companies licensing and registration on the CFTC&rsquo;s website. Never give your business to an unlicensed and unregistered binary options broker, or you might end up getting scammed.</p>
<h3>5. They Are Based Outside the Country You Reside In</h3>
<p>The safest bet when choosing a binary options trading broker is to pick one that&rsquo;s based in your country. Scammers are usually based overseas, where they can&rsquo;t be easily tracked down or caught. This is why scam brokers don&rsquo;t like to disclose their locations. If they do, and they&rsquo;re located in another country, it&rsquo;s safer to avoid them.</p>
<h3>6. They Send Screenshots of Payouts as Proof</h3>
<p>Scam brokers often use screenshots as &ldquo;proof&rdquo; of the money they&rsquo;ve made on trading. But, screenshots are very easily manipulated, and there&rsquo;s no way to verify the information you&rsquo;re seeing.</p>
<p>If a binary options trading broker is trying to get your business via social media or another site and sending you screenshots of payouts, walk away.</p>
<h3>7. The Binary Options Brokers Use Bots</h3>
<p>Some scam brokers employ binary options trading bots to give you automatic advice about binary options trades. However, these bots are either complete scams or are not advanced enough to provide reliable advice. Avoid any binary options brokers who offer trading bots.</p>
<h3>8. They Have a Fake Name or Social Media Profile</h3>
<p>Remember at the beginning of the list when we said scam brokers won&rsquo;t reveal their identities? Well, they often create fake names and social media profiles to try and appear legitimate to their victims.&nbsp;</p>
<p>Whenever you&rsquo;re talking to a binary options trading broker, dig a little deeper into their profiles and do a Google search of the name they&rsquo;re using to help you decide whether or not they are a real person and a legitimate broker.&nbsp;</p>
<p>Fake profiles often have little activity and only one or two pictures. You can also do a reverse Google image search with their profile picture to see if they stole it from somewhere else.</p>
<p>Googling their name will also often pull up reviews or opinions of them from past clients, so you might find that they have already been reported for binary options trading scams before if they are not real.</p>
<p>Even if a name and profile seem real, you should still be on the lookout for the other red flags on this list to avoid getting scammed on binary options trades.</p>
<p>How a Chargeback Can Help You Recover from a Binary Options Scam</p>
<p>If you fall victim to one of the many <a href="https://top10chb.com/black-list/" target="_blank" rel="noopener">binary options trading scams</a> out there, all is not lost. One of the best ways to try and get your money back is through a chargeback.</p>
<p>This involves contacting your bank or card issuer for the credit card you purchased binary options with, explaining the situation to them, and presenting all the evidence of the scam you have.</p>
<p>Typically this is done by writing them a letter and including screenshots or documents as supporting evidence. Evidence can include all your communications with the scam brokers, for example.</p>
<p>Your financial institution will then review your case and, if the evidence for the scam is strong, approve your request and return the funds you lost to your card.</p>
<p>Keep in mind that there is often a time limit for chargebacks, which may be s period of months from the transaction date or from the date you realized you were scammed.</p>
<p>The chargeback process can feel a little complicated, which is why you might want to consider hiring a fund recovery firm that specializes in chargebacks.&nbsp;</p>
<p>These types of <a href="https://top10chb.com/reviews/" target="_blank" rel="noopener">fund recovery specialists</a> know how to handle the situation in order to achieve the highest probabilities of getting your money back.</p>

how-to-spot-binary-options-trading-scams-8-red-flags-to-watch-out-for_1

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how-to-spot-binary-options-trading-scams-7-red-flags-to-watch-out-for

Find out what are the top 8 red flags to watch out for in binary options trading and what you can do to get your money back if you've been scammed.

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