Scammers ( EZTRADER + ultimate4trading )

This is a discussion on Scammers ( EZTRADER + ultimate4trading ) within the Brokerages forums, part of the Commercial category; Originally Posted by Pat494 It is high time these ETZ sharks are thrown in jails and fined, around the world, ...

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Old Feb 15, 2016, 5:18pm   #17
 
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It is high time these ETZ sharks are thrown in jails and fined, around the world, if only as warnings to other scammers.
Or one could simply work with a reputable broker to begin with.

Db
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Old Feb 15, 2016, 5:36pm   #18
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Or one could simply work with a reputable broker to begin with.

Db
Unfortunately, punters are always looking for better and cheaper ways to lose their money. As if the market, itself, is not difficult enough, they have to look for bargains from the dealers.
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Old Feb 24, 2016, 2:16pm   #19
 
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Really? That's interesting. I wonder what's about binary options that makes them that vulnerable and attractive to frauds. To my unexperienced eye they look kind of basic, simple and therefore less vulnerable.
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Old Feb 24, 2016, 2:31pm   #20
 
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It is a clever scam. The demo lets the target win easily but when you come to real money the onboard indicator loses. Looks the same but no it's not.
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Old Feb 26, 2016, 1:14am   #21
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Binary Options are a Hoax! read why!

This is because whatever you are supposedly "trading" is never traded or executed into any real exchange or live market! There are never any real prices (bid or offer) quoted. There are never any execution or fill prices quoted from any exchange by the Binary Broker.

The Binary Option broker you are suppposedly "trading" with is always taking the other side of your 'bet'. You are not "Trading" You are actually "Betting" against a system that is cleverly designed to churn and burn your account.

It may seem that you are trading real currency pair options or whatever the broker is trying to con you into believing you are trading, when in actual fact, you are just throwing your money away, just like on a poker / slot machiine or at a casino. "The House Always Wins". YOU LOSE!

All Market Maker brokers who take the other side of your trade make the majority of their money from your losses. Sadly this includes the majority of CFD providers and Forex Brokers too!

Where a broker does not charge any fees, brokerage or transaction costs, they are making all their money from client losses. They already hold your money when you make a deposit. They take the other side of your transaction. Whenever and however you lose, it goes into their ledger!

In the case of Binary Options, they ensure you always lose......EVERYTHING!

This is why there are so many complaints about Binary Options world-wide.
This is also why nearly all Binary Options providers are registered in some dodgy place like CYPRUS, VANUATU, THE BAHAMAS etc. In places such as these, rules are lax, and compliance is almost non existant!

They would be deemed illegal by any serious financial services or market regulator, such as those in the USA, UK, Singapore, Canada or Australia.

If any broker you are considering using is not fully domiciled, registered, accredited and regulated in your home country, do not use them.

BINARY OPTIONS ARE A HOAX AND SHOULD BE BANNED.
IF YOU BET WITH THEM YOU WILL LOSE ALL YOUR MONEY, SO BEWARE!

Last edited by Empiricist; Feb 26, 2016 at 1:36am.
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Old Feb 26, 2016, 1:20am   #22
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Originally Posted by dbphoenix View Post
Or one could simply work with a reputable broker to begin with.

Db
Now there is an oximoron:

"Broker" & "Reputable"

The two terms are mutually exclusive are they not?
Only kidding.

Seriously, there are many doddgy rip off brokers out there, just look at the gigantic scam by Ultimate4trading / EZTrader (above).

If you removed all the dodgy Market Maker, CFD, Forex, Spreadbetting, Cold Call Bucket Shops and Binary Options schiesters, who would be left?

Just good old fashioned properly regulated stock brokers who make real transactions into real live markets.

Last edited by Empiricist; Feb 26, 2016 at 1:27am.
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Old Feb 26, 2016, 7:40am   #23
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If something sounds to good to be true then it is.......simple

Real traders have to have worked like dogs for,years to build,up,the experience and resilience to make money ......thats reality....

Not this binary scam nonsense.......

Sorry to spoil anyone's fantasy about trading......

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Old Feb 26, 2016, 9:44am   #24
 
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Originally Posted by Empiricist View Post
Now there is an oximoron:

"Broker" & "Reputable"

The two terms are mutually exclusive are they not?
Only kidding.

Seriously, there are many doddgy rip off brokers out there, just look at the gigantic scam by Ultimate4trading / EZTrader (above).

If you removed all the dodgy Market Maker, CFD, Forex, Spreadbetting, Cold Call Bucket Shops and Binary Options schiesters, who would be left?

Just good old fashioned properly regulated stock brokers who make real transactions into real live markets.
Well, to me binary options seem more like financial pyramids rather than casino. Whereas in casino it's almost impossible to win real money unless you cheat a system somehow, in pyramids it's more possible, the main challenge - is to quit at the right time.
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