This is not your ordinary trading scam that we usually look at, but it is definitely a scam none the less. Yes, we usually do binary options, Forex, Bitcoin, and other such trading reviews, usually always about scams, but every now and then we come across other interesting scams that also deserve our attention.

We are here doing a Facebook on Fire scam review to warn you about this malicious and dangerous software. Make no mistake about it folks, Facebook on Fire is here to rip you off and steal your money. There is not a shadow of a doubt about that fact. How Does Facebook on Fire Work? This is a really interesting story, or at least a very confusing, convoluted, and nonsensical one.

We always want to how any program works to generate money for us. We need to know what trading strategies , indicators, and algorithms are in place to allow for a profitable experience. These are the basics, but we are honestly not sure if those even apply with this Facebook on Fire program.

This is because we are never really told anything about it all. It is painfully unclear to us exactly how the heck this program is supposed to generate an income. When it comes down to it, there is no mention of what exactly this software does.

We honestly cannot see it being a trading program of any kind as there is never any mention of executing trades. This of course begs the question of how exactly this shady Facebook on Fire app is supposed to make money for us. This is something that we absolutely want to be informed of. The only real conclusion to come to from this whole ordeal is that Facebook on Fire software is a complete scam.

On a side note, if this system is exposing some kind of loophole or flaw, you can bet your bottom dollar that it is totally illegal. Besides his association with this scam system, there is not a single mention of him anywhere on the internet.

Not even Facebook has his profile! In all reality, this man does not really exist. Report A Scam. Category: binary options , cryptocurrency , online trading Webmaster April 27, A nightmare for Facebook The lawsuit has the potential to turn into a nightmare for the social media titan since it is claiming that Facebook must be liable for all content that appears on their pages.

Half of SMBs Targeted by Cybercrime— 7 Ways to Protect Your Business. Think Again. BTC Global — A Huge Ponzi Scheme. Cryptocurrency — The Next Scam? Crypto Platform HotBit Feels the Heat of Criminal Investigations. The Twitter Hack and The Role of Social Engineering in Crypto Scams.

How to Handle a Broker Dispute. Moreover, don't let any broker so called "agent" trade on your behalf or you will probably wake up the next morning with an empty balance. Research is key. You should do research about what to expect, and about the company behind the broker making sure that they are legit and regulated.

You might have already been scammed by an unregulated binary options broker. They think that people will laugh at them. This is not something you are going to forget over night and it may affect you in a lot of ways. The good news is that with the technology that we have today, it is a lot easier to get assistance after falling for this type of scams. If you already are a victim of a binary options fraud, you should report them immediately to your local police.

It is important that they know about these scams and tries to find the sources. However, are you going to get your money back, by reporting it to the police? No, the chance that you are going to get your money back from the police is almost 0. They might catch the individual behind the scam, but they will not be able to recover all the money.

This is the good news. It is actually possible for binary options victims to get their money back after they have been scammed. The secret is that you should just know where to find the right assistance for this type of scam. Unfortunately, disputes involving authorized transactions are really hard to handle and require a lot of technical knowledge which means you will need the help of lawyers and experts in the field.

This is where MyChargeback is coming in the picture. Our long time partner is an expert in complex transaction disputes and has already recovered millions of dollars for victims.

All you need to do is fill our form for a free consultation and they will build a customized chargeback case for you. When you have been scammed and you have paid money to them with your credit or debit card, or with a direct bank deposit, you can actually get your money back if you know how regulations and financial laws are working and you build a strong chargeback case.

This is why we recommend MyChargeback's experts to help you build such a case. Binary options scams are unfortunately still a reality so you should be aware of it.

Federal government websites often end in. gov or. The site is secure. Much of the binary options market operates through Internet-based trading platforms that are not necessarily complying with applicable U.

regulatory requirements and may be engaging in illegal activity. Investors should be aware of fraudulent promotion schemes involving binary options and binary options trading platforms. Once the option is acquired, there is no further decision for the holder to make regarding the exercise of the binary option because binary options exercise automatically.

Unlike other types of options, a binary option does not give the holder the right to buy or sell the specified asset. When the binary option expires, the option holder receives either a pre-determined amount of cash or nothing at all.

Investor Complaints Relating To Fraudulent Binary Options Trading Platforms. The SEC has received numerous complaints of fraud associated with websites that offer an opportunity to buy or trade binary options through Internet-based trading platforms. The complaints fall into at least three categories:. Do not provide personal data.

These complaints allege that the Internet-based binary options trading platforms manipulate the trading software to distort binary options prices and payouts. Additionally, some binary options Internet-based trading platforms may overstate the average return on investment by advertising a higher average return on investment than a customer should expect, given the payout structure.

In this example, an investor could expect -- on average -- to lose money. Investor Alert: Binary Options Websites may be Used for Fraudulent Schemes.

Investor Alert: Beware of Government Impersonators Targeting Fraud Victims. Investor Alert: Binary Options and Fraud. The Office of Investor Education and Advocacy has provided this information as a service to investors. It is neither a legal interpretation nor a statement of SEC policy.

If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities law. See our spotlight page to expand your knowledge and understand the risks of investing in crypto assets. Auxiliary Header About Us Contact Us Follow Us Información en Español Search Investor. Please enter some keywords to search.

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Breadcrumb Home Protect Your Investments Types of Fraud. Binary Options Fraud. What is a Binary Option? Investor Complaints Relating To Fraudulent Binary Options Trading Platforms The SEC has received numerous complaints of fraud associated with websites that offer an opportunity to buy or trade binary options through Internet-based trading platforms. Manipulation of software to generate losing trades These complaints allege that the Internet-based binary options trading platforms manipulate the trading software to distort binary options prices and payouts.

Beware of Overstated Investment Returns for Binary Options Additionally, some binary options Internet-based trading platforms may overstate the average return on investment by advertising a higher average return on investment than a customer should expect, given the payout structure.

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But, within a few months, when I wanted to take money out of my account, it became apparent that this too, was another scam! Then withdrawal gets delayed and after, he again asked for a system fee worth usd before i can withdraw. About BCR File Complaints Broker Black List Scam Broker Menu. I was unable to reach them until i met my friend who referred me to xing. All you need to do is fill our form for a free consultation and they will build a customized chargeback case for you.

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