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Sources indicate that on 22/11/2013 the company binaryoptions-live-signals.com received a warning from the Swiss FINMA. The address on record for binaryoptions-live-signals.com is unknown.
Binary Options Live signals broker is the signal provider for binaryoptions and commonly known as BOLS. Binary Options Live Signals (BOLS) has received a warning on 22/11/2013 from Swiss the FINMA. It had been reported that Binary Options Live Signals (B.O.L.S.) is the signal company which uses Safe24Options is a trading partner. Also, zenithoptions and option-orbit are associated with safe24option, which is one of the biggest scam brokers known to operate as per the records.
It was reported that the broker doesn’t allow the traders to withdraw their money once it is deposited. They use false advertising technique and manipulate the market. Several responses from BLS.com on the forums where the complaints are posted claims that the banking issues in Cyprus are affecting withdrawals and SSP doesn’t make as many trades as declared and they attatch spam and other viruses to the signals.
How does it work?
There are two types of signal software: the ones that give the ideas about trades with a possibly positive outcome or the ones that do the trade for you automatically. These automatic trading robots are connected with the broker, so you don’t really have to do anything. But, in this case, BOLS makes false promises and convince the traders to use auto trading software that would trade on their behalf and produce amazing results with profit.
Also, the record states that they manipulate the signals and provide fake statements and affected documentation as a source of reference to luring the traders. Once the accounts have been funded, the communication would stop and it becomes impossible to reach them.
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