Best Binary Cashback Review – No ordinary looking SCAM!

Hello everybody and thanks for joining us for our review of another well disguised binary options scam.

Now, here at binary scam watch monitor HQ we are always trying to find the best in everything and everyone, which means that we want to find the best money making system for you, our readers. On the rarest of occasion we across legitimate systems that have the potential to make money, but in 99% of all cases we are just exposing another, devious organization trying to get you spend money. And guess what? It’s the same again here!

Also, what’s worth noting is there is very little information online about the organization. This in itself is worrying as you don’t know who you are dealing with and have very little real life reviews or testimonials to look through and see if it is as good as it claims. Be sure to stay clear of the Profits Eternity scam as well!

If you or anyone you know have already deposited and lost money, we would love to hear from you and your experience.

Official website: http://bestbinarycashback.com

Best Binary Cashback Review

Best Binary CashBack Review

With most of the scams we come across there is the promise of opening an account with a broker, depositing $250 and then sitting back and watching the thousands roll in. This, however, is different but even more devious. Best Binary CashBack wants you to still invest the $250 but claims that within a month of trading they will give you back that initial $250 (cashback).

So, in essence, you deposit money into a broker account, follow either their signals service or trading robot and after a month get that $250 back. Unfortunately, your money will be long gone by then. Here then comes a BIG problem. Any reputable company offers support to their clients, and this company claims to do the same, but when we requested support, more than 48 hours later we are still awaiting a response and we do not expect to get one.

Best Binary CashBack Scam Exposed

They encourage you not to take the bonus!

As we have mentioned in many or our reviews we always advise you to steer away from taking any of the bonuses that brokers offer due to the terms and conditions associated with taking them and best binary also encourage you do do the same, but for differing reasons. We don’t want you to lose your money, they are telling you not to take the bonus to ensure that you want the $250 cashback, but as previously stated, that will not come back because by then your money will be long gone.

Another worrying aspect (see the caption below taken from their site) is that they are actually encouraging you to deposit money into multiple broker accounts so that you can get more cash back! This is very irresponsible and highly dangerous.

best-binary-cash-back-scam

The bogus demo account

Again, this is another well-used tool for scammers, offering what appears to be an honest service in the form of a demo account. Yes, we whole heartedly encourage to start with a demo account when beginning your trading journey but make sure that it is not rigged, as this one most certainly is. The broker and best binary cash back are working together to make sure that this practice account will always be winning trades to entice to trade with real money, where it will then suspiciously start losing.

Is Best Binary CashBack a Scam?

Here, is yet more proof that this is a shady scam. They offer both a robot to trade automatically on your behalf or through a signals service. Have a look at the screenshot above taken from the website. As you can see they are claiming that robots are ‘creepy’ and can get out of control! Yet they are offering this very service! Unbelievable!

Here, is yet more proof that this is a shady scam. They offer both a robot to trade automatically on your behalf or through a signals service. Have a look at the screenshot above taken from the website. As you can see they are claiming that robots are ‘creepy’ and can get out of control! Yet they are offering this very service! Unbelievable!

Their other way to trade is through a signals service which is run by ‘self-made basement trader’ Steve Nichols. We did some research on Steve and guess what….we found nothing on him. Surely someone so successful would appear somewhere online! Again, along with the promise of an 85% success rate this is a sure fire way to spot a scam.

BESTBINARYCASHBACK IS A SCAM!

For an alternative that actually works, and is also regulated, please read our review of Social Trading with Tradeo as well as Passive Income Bot!

We are officially declaring best binary cash back a scam that will take your money. It is a good, sophisticated, well executed looking scam, which if you’re not careful along with crooked brokers will drain your money.

Summary
Review Date
Reviewed Item
Best Binary Cashback
Author Rating
3