Binary options scams
If you’ve been tricked into sending money or cryptocurrency to a binary options scheme, Vantacorex Limited can help you take the first step towards recovering what’s rightfully yours.
Understanding the scam
Breaking down binary option scams
What are binary option scams?
Binary options are a form of financial trading where people bet on whether the price of an asset will go up or down within a short time frame. While some platforms are legitimate, many scams lure you in with promises of guaranteed profits and risk-free trades.
How do binary option scams work?
Scammers will pose as legitimate brokers and offer to manage trades or provide advice. They may use sophisticated-looking platforms and provide initial small returns to gain trust. As victims invest more, scammers will block withdrawals, or disappear altogether.
What is the result?
Victims can lose thousands in a way that feels very similar to gambling. That’s because binary options play on the same emotional triggers of fast wins, chasing losses, and promises of easy money. But unlike regulated gambling, these scams offer no transparency, no regulation, and no means of remedial action without legal recovery services.
How to identify a binary
option scam
What a binary option scams looks like
Scammers often present themselves as highly knowledgeable and professional, taking time to build your trust. They may guide you through detailed explanations, offer convincing success stories, and show fabricated performance data. Once they gain your confidence, they typically ask you to transfer money into what they claim is a secure investment account, but this is when your funds are stolen.
What a binary option scams looks like
Scammers often present themselves as highly knowledgeable and professional, taking time to build your trust. They may guide you through detailed explanations, offer convincing success stories, and show fabricated performance data. Once they gain your confidence, they typically ask you to transfer money into what they claim is a secure investment account, but this is when your funds are stolen.
Acting as legitimate brokers
Binary option scammers often pose as legitimate brokers or claim to represent well-known financial firms. Many operate from outside the UK, especially from unregulated regions, where enforcement is weaker, making it even harder for victims to recover lost money. Remember: it’s illegal for regulated investment brokers in the UK to offer binary option investments.
How to avoid binary option scams
The best way to avoid binary option scams is to ignore any unsolicited contact offering these types of investments. Even if a broker claims to be operating legally, if they’re based offshore, it’s a major red flag. We would never recommend using offshore brokers for your investments as they fall outside of UK law protections and are often part of larger internet and online scams.
How to avoid binary option scams
The best way to avoid binary option scams is to ignore any unsolicited contact offering these types of investments. Even if a broker claims to be operating legally, if they’re based offshore, it’s a major red flag. We would never recommend using offshore brokers for your investments as they fall outside of UK law protections and are often part of larger internet and online scams.
Why Vantacorex
Supporting you is our priority. That’s why we provide personalised plans and care around
the clock to our clients.
Personalised plans
Get a bespoke recovery programme for personalised support and the most cost-effective plans.
Care around the clock
Being a victim of fraud can be devastating. We offer expert guidance and support when you need it.
Regulated and reputable
Access ethical, transparent, and secure support from a SRA-regulated firm.
Meet the specialists by your side
Recovering over £50,000,000 for clients like you
Over the past 3 years, we’ve recovered more than £50,000,000 for our clients. It’s thanks to our team of solicitors and recovery claim specialists who trace and recover the investments you’ve lost from scams. Plus, we offer a no-win, no-fee service. You won’t pay a thing unless we recover your money.
Meet the specialists by your side
Recovering over £50,000,000 for clients like you
Over the past 3 years, we’ve recovered more than £50,000,000 for our clients. It’s thanks to our team of solicitors and recovery claim specialists who trace and recover the investments you’ve lost from scams. Plus, we offer a no-win, no-fee service. You won’t pay a thing unless we recover your money.
Trusted by thousands
Join satisfied clients who’ve recovered their lost funds
with Vantacorex Ltd.
Call on us for guidance and support
Falling victim to fraud can be overwhelming and distressing. You deserve expert guidance and support every step of the way.
Call
+1 (573) 999-4788
contact@vantacorex.com
Call on us for guidance and support
Falling victim to fraud can be overwhelming and distressing. You deserve expert guidance and support every step of the way.
Call
+1 (573) 999-4788
contact@vantacorex.com
Binary Option Scams FAQs
A binary option is a financial product where you place a bet on whether the price of an asset (such as a stock, currency, or commodity) will go up or down within a short time frame. You either win a fixed payout or lose your entire stake, making it a high-risk, all-or-nothing type of trade. Some use this system legally, but it has become a common target for fraud. Scammers often exploit the complexity and fast pace of the market to deceive investors and steal funds.
No, binary options aren’t legal in the UK. Any broker offering binary options to UK residents would need to operate from overseas, and this is where much of the risk lies. Offshore brokers are outside the protections of UK law, making it much harder to resolve disputes or recover lost funds if something goes wrong.
No, binary options trading isn’t regulated by the Financial Conduct Authority (FCA), as it’s considered a form of gambling rather than a financial investment. However, it also falls outside the oversight of the UK Gambling Commission, which only regulates operators with equipment located in Britain. This can leave you exposed and increases the risks of falling victim to scams.
Loan fee fraud: You’re accepted for a loan, but before it’s “approved”, you’re asked to pay a fee for insurance, processing or an admin charge. Once paid, the loan never arrives, and the scammer disappears with your funds.
Job scams: You apply for a job and are told you’ve been successful. But before you can start, you’re asked to pay for background checks, training, or admin costs. Once paid, the job offer vanishes, and so does the scammer with your money.
Social media competition: You’re told you’ve won a prize in a competition, perhaps one you never even entered. But to claim it, you need to pay a small fee for delivery, verification or admin. After you pay, the prize never arrives because the competition was fake.
Rental property scams: You find a great rental property online. The “landlord” asks for a deposit to reserve it, often claiming there’s a lot of interest or that you can’t view it in person. After you send the money, the property turns out to be fake — or already rented to someone else.