Six of the Most Common Binary Options Fraud Schemes
Binary options scams often rely on simulated trading environments and controlled withdrawal restrictions. Below are the most common scenarios reported by affected traders.
-
Sequence :
Victims are shown artificial balance growth on a binary options platform. When a withdrawal is requested, additional “fees,” “taxes,” or “verification charges” are demanded. After payment, access to the account is restricted.
-
Sequence :
Bonuses are used as a pretext to deny withdrawals. The required trading volume conditions are either hidden or impossible to meet.
-
Sequence :
The platform simulates trades, charts, and outcomes without executing any real market transactions.
-
Sequence :
A so-called “account manager” is assigned to control trading activity and pressure the client into making additional deposits.
-
Sequence :
The verification process is used to delay withdrawals through repeated and escalating document requests.
-
Sequence :
Funds are claimed to be “temporarily frozen” due to alleged technical or liquidity issues.