Watch out for ADTE, the fake association claiming to protect binary options traders

adte fake association binary options scam

Have you heard about the ADTE ? If you’ve been contacted by this association, don’t accept their services as it is nothing more than an additional scam within the binary options industry. Don’t trust these fake agencies !

Binary options scams

Binary options allow anybody to speculate on the stock price of different financial markets, whether it is in the long-term, medium-term or short-term. Therefore private investors are particularly attracted to these investment products that allow you to earn money quickly. However binary options don’t just attract honest investors like you and me, they also attract dishonest people whose purpose is to steal our money using scams.

Binary options scams are very common in the trading industry. They exist in several forms, such as credit card fraud, fraudulent bank transfers or simply stealing money from investors. Companies practicing binary options scams aren’t transparent regarding their activities, they are generaly based in a fiscal paradise, don’t own any licence allowing them to legally offer trading and pretend to be authorised companies. Moreover, some of thoee scammers are practicing identity theft and use the legal information from other authorised brokers, such as their company name, phone number, postal adress or the licence numbers they got from financial regulators.

The scam described in the following paragraph is an unusual kind of scam in the trading industry, so it’s important to be aware of this type of scam in order to avoid getting trapped if you come across it someday.

What is the ADTE ?

The ADTE is a fake association offering their services on their website. They pretend to be an association offering protection to binary options traders, claiming to help them recieve a refund for money lost to binary options scam brokers. It appears that several customers have been lured by this company and proceeded to request to get a refund on their money stolen by fake brokers, but at the moment the ADTE is ready to get back the funds, it asks the victims for a commission on the stolen money it will recover. To get €50,000 back, the association will ask for 8% of the amount, payable in advance, which would amount to €4,000. Obviously as the ADTE is fake, it won’t recover anything and will not answer anymore once you have paid your deposit. This scam is really famous in the Ivory Coast and Nigeria, where they pretend to recover a fake legacy against a commission. Scammers are really creative so be very careful about this kind of company !

Choosing a regulated binary options broker

In order to avoid becoming a victim of binary options scams, it’s important to choose a regulated binary options broker when you are considering about pursuing this type of speculative investments. The binary option brokers who are regulated by financial authorities are brokers who own licences. In the financial industry the licences awarded by regulators are a type of authorisation that allows companies to legally offer their services to investors. Therefore, a regulated broker who possesses for example the AMF licence (french regulator) is authorised to legally provide its services to french traders. This broker is held accountable to regulators and can’t commit fraud as their activities are monitored, therefore they have to be transparent with them. When you choose a regulated binary options broker within your country, you will be covered and protected by the financial authorities in any disputes that may arise. There are a lot of regulated brokers in Europe, such as 24Option, who are regulated by the AMF, the CySEC, the BaFin, the CNMV, the CONSOB, the FCA and many others.

The advantages of

When you choose a binary options broker through our website, you will enjoy a lot of exclusive advantages as a binary options trader. For example, if you open a 24Option account using one of our links, you will be granted a bonus of 100% on your first deposit, compared to 20% for their usual users. This bonus that we have negociated for you isn’t the only benefit as when you register with a broker through our platform, you will get the guarantee, which is a kind of protection that allows you to benefit from privileged relationships that we maintain with these brokers, in case you have any issues with them someday.

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