Intensive research by MyChargeBack indicates that binary options operators have now re-branded themselves as forex and CFD trading rooms, trading platforms, generic brokerages, or even providers of private banking services.

Actually, the question should be inverted: How do you know a binary options brokerage is NOT a fake. Most of them are. You should regard the one you’re considering phony until proven otherwise. To do that begin with the binary option broker’s website itself.

Scam victims can quickly fall into depression. They naturally will become suspicious of everything else online. They also inevitably blame themselves for falling for the scammer who ripped them off. But the truth is theyre not to blame.

The system now allows for almost anyone to obtain the technology to deceive hundreds and thousands of people daily. When opportunity knocks ⎼ when a get-rich money scheme knocks on the door of a smart, driven and money hungry individual, for example ⎼ will they pass it up?