Stay away from IQ Options...Their robots don't trade as they're programmed...PROOF included

4 stars based on 63 reviews

Not unless you have terrible money management. I mean robots by someone with no conflict of interest, and with rigorous backtesting data and proper MM. You might also think about hiring some real moderators instead of these goofballs Okane and Michael Hodges, omg why don't they just work for the binary options brokers? What am I saying, they likely do! You two SUCK imo and if you don't like that well try not defending brokers when they are in the wrong instead you bash traders?

You two are just paid shills than Worse you both are so boring I want to use you for sleep aids anytime I have insomnia. You could put people high on crack in coma's you are so boring in what you write. That's what i am saying, if IQ options provides the technology for building the robot, it is the same as owning the robot, why would you wanna use anything like robots or any trade help from the broker? It is a robot behind a nice story as advertisement on my Smartphone.

COM called me and let me transfer 5. Now I became scared after reading all the comments on this website. I keep you informed about my account of 6. Sat Apr 7 Tokyo: September in Brokers. I've been using them for a few weeks and it's been horrific.

Please be aware that the stop-losses you put on your robot are not withheld and the bot WILL trade past them. Please see these images. She keeps telling me that "the robots section is in beta" but nowhere on their site does it say this. Unfortunately, I'm locked into this site now because of the bonus scheme, but once I'm out of this scheme, I will take my money elsewhere.

You have been warned! I wish I had never signed up with them. Sorry to hear but it's not a surprise. Robots can't and will not make you money. In this case, they are just supposed to be seen as a guide but even then, you should always make your own analysis. Further to this, I've just had the manager of customer services on the phone, and he's refusing to refund the money the robot erroneously took from me.

What's more, he's now saying that IQ Option doesn't want me as a customer and that they will terminate my account. Simple guys, is this a company YOU want do deal with? Okane, I agree, I was playing with the programming, but when I initiate a stop-loss, I expect it to be adhered to, if not, then refunded, because that is THEIR programming problem, not mine. Additionally, THEY made money off the back of their programming problem, which I had already identified to them.

Refusal to refund seems like theft to me. If they do not refund, then I will see them in small claims court. You are using robots provided by the broker and not building your own? I don't think I would ever use someone elses, especially since the product is so new. I am still curious to try building my own robot though, it looks pretty cool to me.

You should complain to them, maybe to your credit card too, they may be able to get you a charge back. I was using a robot I had written, but it carried on trading past a stop-loss I had put in. I have also now had a response from IQ Option. It basically says and I quote "I am fully aware that the issues I am experiencing are due to the fact that the version of the Robots website is beta and as such may have some inconsistencies and bugs.

They only did the refund because I threatened to sue them. Not good when you lose money due to their bad programming. Anyway, I'm taking the money and running, I'll never use them again. I don't mind bugs, but reimbursement is expected if I lose money due to a bug that's not of my own doing.

Didn't think about the card option, my try that also. In the end no matter what they say or how great or bad a system is it always traders responsibility and user beware. The Geek, I disagree, if I setup a stop-loss, I expect it to be adhered to, even if it's a bot. Otherwise, what's the point? What you're saying is that even if you were placing trades on forex normally, and you set a stop-loss, you would be happy to lose more money because your trade was not stopped at the stop-loss?

Yes, it's my responsibility if the robot I create puts or calls wrong, but it's not my responsibility when I set a stop-loss and the robot ignores it. That is not something that is programmable on IQ Option. It's a setting on each robot.

Simply amount of unsuccessful trades in a row before reset. I set 6, it traded 8, thus those last two are not my liability in my option. And I was not concurrent trading, it was serial. Trading with a self made robot sounds cool, this technology is also pretty interesting, but as we are discovering through this discussion may have some bugs as yet to be worked out.

BTW what kind of stop-losses are you setting? There are no stop losses in binary, at best there is early out features but those are not widespread and have serious limitations. As soon as I mentioned IQ Option to my banks chargeback department, they said "We've had quite a few Chargebacks for this company, mainly because funds were not released back to the customer when they were withdrawing funds" - OMG, they're not giving out the funds when customers click Withdraw!?!?!

I haven't had my money deposited back in my account either. I do not think the "beta" excuse from IQ Option is acceptable. Providing evidence that a robot has traded outside of it's parameters and suffered a loss, should result in a refund.

The issue is, if the robot traded outside of it's parameters and made money - would the trader give it back? It is interesting to see someone using this in anger though. The other important point is that it is possible to setup your robot on the demo account, and let it run on there.

That might be an idea for anyone keen to set one up, but worried about the bugs. In this example, IQ Option give traders the ability to configure their own robot. Based on criteria setup by the user. So IQ Option provided the tools via which a trader builds the robot. I agree with you that the beta excuse is not acceptable.

But in what world do you trust a broker to build a profitable robot to help you take their money? Because no broker has market makers and as much as they tell you different bs stories about how they don't make money off your losses, they do.

So using a robot from them either simply means you are stupid if you have been around any time or a newbie that was taken in by their lying. The only bots a broker will enjoy having are the ones that zero out your balance as fast as possible because than your money is now their money. Nice job on promoting them binaryoptions. September edited September What I am learning? There are no shortcuts. It is absolutely a must to learn trading for myself and if I wanted to go on to play with algos and such like then fine but I'm going to put in the time and effort on the basics first whatever I do from then on.

At the moment, there are no robots at IQ Option. However, if you have any issues with your deals, please, contact our Support Team: IQ Option Support Team. We no have an official IQ Option thread. Other IQ Option threads will be closed. Who's Online 2 2 Guests.

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A binary option is a financial option in which the payoff is either some fixed monetary amount or nothing at all. The former pays some fixed amount of cash if the option expires in-the-money while the latter pays the value of the underlying security. While binary options may be used in theoretical asset pricing, they are prone to fraud in their applications and hence banned by regulators in many jurisdictions as a form of gambling.

FBI is investigating binary option scams throughout the world, and the Israeli police have tied the industry to criminal syndicates. On January 30, , Facebook banned advertisements for binary options trading as well as for cryptocurrencies and initial coin offerings ICOs.

Binary options "are based on a simple 'yes' or 'no' proposition: Will an underlying asset be above a certain price at a certain time? If a customer believes the price of a commodity or currency will be above a certain price at a set time, he buys the binary option.

If he believes it will be below that price, he sells the option. Investopedia described the binary options trading process in the U. This is called being "in the money. This is called being "out of the money. On non-regulated platforms, client money is not necessarily kept in a trust account, as required by government financial regulation , and transactions are not monitored by third parties in order to ensure fair play.

Binary options are often considered a form of gambling rather than investment because of their negative cumulative payout the brokers have an edge over the investor and because they are advertised as requiring little or no knowledge of the markets.

Gordon Pape , writing in Forbes. Pape observed that binary options are poor from a gambling standpoint as well because of the excessive "house edge". Let's say you make 1, "trades" and win of them. In other words, you must win Commodity Futures Trading Commission warns that "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. Many binary option "brokers" have been exposed as fraudulent operations.

Manipulation of price data to cause customers to lose is common. Withdrawals are regularly stalled or refused by such operations; if a client has good reason to expect a payment, the operator will simply stop taking their phone calls.

In Israel, where a high concentration of such firms can be found, binary options trading was prohibited for Israeli customers in March on the grounds that it is a form of gambling and not a legitimate investment technique. On June 18, , a ban on marketing binary options to customers outside of Israel was passed by the cabinet. In August , Belgium's Financial Services and Markets Authority banned binary options schemes, based on concerns about widespread fraud.

No firms are registered in Canada to offer or sell binary options, so no binary options trading is currently allowed. Provincial regulators have proposed a complete ban on all binary options trading include a ban on online advertising for binary options trading sites.

The effect is that binary options platforms operating in Cyprus, where many of the platforms are now based, would have to be CySEC regulated within six months of the date of the announcement. In , CySEC prevailed over the disreputable binary options brokers and communicated intensively with traders in order to prevent the risks of using unregulated financial services. CySEC also issued a warning against binary option broker PlanetOption at the end of the year and another warning against binary option broker LBinary on January 10, , pointing out that it was not regulated by the Commission and the Commission had not received any notification by any of its counterparts in other European countries to the effect of this firm being a regulated provider.

OptionBravo and ChargeXP were also financially penalized. The AMF stated that it would ban the advertising of certain highly speculative and risky financial contracts to private individuals by electronic means. The French regulator is determined to cooperate with the legal authorities to have illegal websites blocked. This ban was seen by industry watchers as having an impact on sponsored sports such as European football clubs.

In March binary options trading within Israel was banned by the Israel Securities Authority , on the grounds that such trading is essentially gambling and not a form of investment management. The ban was extended to overseas clients as well in October In The Times of Israel ran several articles on binary options fraud.

Israel's vast, amoral binary options scam exposed" revealed that the industry is a scam. The companies were also banned permanently from operating in the United States or selling to U.

The CEO and six other employees were charged with fraud, providing unlicensed investment advice, and obstruction of justice. On May 15, , Eliran Saada, the owner of Express Target Marketing , which has operated the binary options companies InsideOption and SecuredOptions, was arrested on suspicion of fraud, false accounting, forgery, extortion , and blackmail.

In August Israeli police superintendent Rafi Biton said that the binary trading industry had "turned into a monster". He told the Israeli Knesset that criminal investigations had begun. They arrested her for wire fraud and conspiracy to commit wire fraud. This required providers to obtain a category 3 Investment Services license and conform to MiFID's minimum capital requirements ; firms could previously operate from the jurisdiction with a valid Lottery and Gaming Authority license.

In April , New Zealand 's Financial Markets Authority FMA announced that all brokers that offer short-term investment instruments that settle within three days are required to obtain a license from the agency. The FCA in did propose bringing binary options under its jurisdiction and restricting them. The Isle of Man , a self-governing Crown dependency for which the UK is responsible, has issued licenses to companies offering binary options as "games of skill" licensed and regulated under fixed odds betting by the Isle of Man Gambling Supervision Commission GSC.

On October 19, , London police [ disambiguation needed ] raided 20 binary options firms in London. Fraud within the market is rife, with many binary options providers using the names of famous and respectable people without their knowledge.

In the United States, the Securities and Exchange Commission approved exchange-traded binary options in On the exchange binary options were called "fixed return options" FROs ; calls were named "finish high" and puts were named "finish low". To reduce the threat of market manipulation of single stocks, FROs use a "settlement index" defined as a volume-weighted average of trades on the expiration day. Montanaro submitted a patent application for exchange-listed binary options using a volume-weighted settlement index in In Nadex , a U.

On June 6, , the U. Commodity Futures Trading Commission CFTC and the Securities and Exchange Commission jointly issued an Investor Alert to warn about fraudulent promotional schemes involving binary options and binary options trading platforms. The two agencies said that they had received numerous complaints of fraud about binary options trading sites, "including refusal to credit customer accounts or reimburse funds to customers; identity theft ; and manipulation of software to generate losing trades".

Other binary options operations were violating requirements to register with regulators. Regulators found the company used a "virtual office" in New York's Trump Tower in pursuit of its scheme, evading a ban on off-exchange binary option contracts.

The company neither admitted nor denied the allegations. In February the Times of Israel reported that the FBI was conducting an active international investigation of binary option fraud, emphasizing its international nature, saying that the agency was "not limited to the USA".

The investigation is not limited to the binary options brokers, but is comprehensive and could include companies that provide services that allow the industry to operate. Credit card issuers will be informed of the fraudulent nature of much of the industry, which could possibly allow victims to receive a chargeback , or refund, of fraudulently obtained money.

On March 13, , the FBI reiterated its warning, declaring that the "perpetrators behind many of the binary options websites, primarily criminals located overseas, are only interested in one thing—taking your money". They also provide a checklist on how to avoid being victimized.

From Wikipedia, the free encyclopedia. External video Simona Weinglass on prosecuting binary options firms , Times of Israel , 3: Retrieved January 26, Journal of Business , Retrieved 17 December Federal Bureau of Investigation.

Retrieved February 15, Retrieved March 15, Retrieved March 29, Retrieved March 4, Retrieved 18 May Israel's vast, amoral binary options scam exposed". The Times of Israel. Here's how we fleece the clients". Retrieved October 24, Retrieved February 7, Retrieved 14 January Archived from the original on Retrieved 15 April Commodity Futures Trading Commission. Retrieved 20 November Retrieved June 19, Retrieved 5 September Retrieved April 26, Retrieved September 28, Retrieved 4 June Retrieved 27 March Commodities and Futures Trading Commission.

Retrieved May 16, Retrieved September 24, Retrieved 21 October Isle of Man Government. Retrieved September 20,