Mobile News Softwares Technology

Apple and Google removes around 330 Binary Trading apps

Google and Apple have removed over 330 shady financial trading apps from its App Stores following an intervention by the Australian Securities and Investments Commission (ASIC).

According to a report in Fortune, ASIC discovered that unlicensed individuals were operating the apps, which focused on binary trading.

“In binary trading, people predict whether the price of a given option will go up or down in a short amount of time, and then buy or sell based on their predictions,” the report explained.

After reviewing the apps, the Australian regulator also discovered that the App developers failed to disclose the risky nature of the trading practice and instead made it appear that people could get rich quickly by using their apps which is against the rules.

Some of the apps contained luring messages bragging that people could “Earn up to 90% in less than an hour, in fact you can profit quickly as 60 seconds and profit as much as 620% via one trade.”

This form of high risk and speculative trading is relatively new to Australia, ASIC said.

After the ASIC notified both tech giants, Google and Apple, they promptly removed the apps from their online stores.

“We were encouraged with the speed both entities removed the relevant apps identified by ASIC from their respective app stores,” the regulator said in a statement.

“We also note that Apple recently changed its review guidelines to state that apps that facilitate binary options trading will not be permitted in its app store,” the statement added.

When the regulators reviewed the apps, they found that the owners of these apps failed to disclose to the users the risky nature of the trading practice.

“Instead they made it appear that people could get rich quickly by using their apps. Some of the apps contained marketing messages that bragged that people could ‘Earn up to 90 percent in less than an hour’,” the regulators revealed.

It was also discovered that about 80 percent of the apps that were pointed out did not warn of any risks while few were collecting personal information from users which could be used for high-pressure cold calling.



24 comments on “Apple and Google removes around 330 Binary Trading apps


    Few months ago, i invested about $36,000 into this binary option platform with the aim of diversifying my trading portfolio. However, with my strict habits of growing my account 300% before taking profits, i never attempted any withdrawals, not until two months ago when i tried to withdraw but all effort was in vain. I called the account manager and explained the situation, he told me i  would be able to withdraw after 4 working days which sounded shady to be very honest.  4days went by, still no withdrawals, i tried reaching out to the manager and customer service line but non of them were reachable till this moment.
    I shared my experience with my colleague at work, he introduced me to an International Recovery Firm (WWW.RECOVERYEMPIRE.COM). These people saved me and I had my claims after 6working days. Their professionalism was top notch.


  2. Mark Turtzer

    Don’t be deceived by the fake testimonies everywhere, get in touch with recovery expert deftrecovery via gmail


  3. Angelo Jonas

    DENCIA’S EXPERIENCE (Her testimony) – . I made an initial deposit of $15,000 to *****. This has to be a major scam in binary option. I made good profit and it was only reasonable to have tried with more at that time, now I totally regret my decision, but not to worry, WWW .LEGAL247RECOVERY. COM helped me with the recovery of over 95% of my savings invested on the platform. I remember, when I started asking questions and troubled about my money on ******, they stopped picking my calls and returning my mails. I’m glad for the breakthrough.



    After depositing a little over $25,000 I saw my account ratchet up to $43,000 after 10 trades. I tried withdrawing some of my profits but I was denied. I contacted my manager Karl who advised I deposited another $25,000 which I did. I managed to grow my account to $95,000 but I was faced with the same problem and couldn’t withdraw my profits. I was told to make another deposit which I disagreed on. BinaryUno stopped taking calls and failed to revert my written correspondences. It then dawned on me I was scammed. I hired private investigators to help recover my funds but all efforts to failed. I was referred to globalassetrecoup. com by my journalist friend. I was assigned to an agent paul.wright@globalassetrecoup . com who took his time to explain how BinaryUno run their scam and he drew up a strategic recovery procedure to help recover my stolen funds. I was able to recover 95% of my initial capital and profits thanks to Global Asset Recoup. For your own good stay away from BinaryUno, they are unrepentant and would rip you offf your hard earned money. Nathan Davis


  5. Tommy Hilfiger


    If you need assistance with regards of your lost funds from your broker or may be your broker manager asking you to make more deposit before you could make a withdrawal or your account has been manipulated by your broker manager or your broker has blocked your account just because they need you to make more deposit to your account. If you’re interested in getting all your lost funds back Kindly get in contact with…… Wealth Recovery – Cyber-Operatives SPECIALIZES IN FUND RECOVERY expertise and ability to act fast are crucial strengths in maximising the possibility of a successful outcome, minimising the loss if possible and obtaining speedy restitution. CONTACT ADMIN file a complaint to admin for positive responses



    It has come to the notice of authorities that many unregulated companies are using clone websites to target citizens and hence it has issued a warning to all traders not to deal with any unregulated companies and not to be lured by their false propaganda of unrealistic returns on investments, and not to fall in their trap. Their advertisements can be mouthwatering, but at the end of the day they will run off with your capital too. Thanks to Hack Assets they helped me recovery most of my lost funds, you can contact Hackassets via google mail and share the testimony they shouldn’t keep ripping people off


    • James Miller

      Thank you so much, the article was very helpful.. I was able to get all my coins back from scam brokers.


    Do not get involved with this outfit. They have no customer service. You put money in and you can not get it out. They keep requiring documentation and then deny it. I have been trying to get my funds for over 6 weeks. I think my next step is to get in touch with Interpol and file a fraud Claim against this outfit. Mark my word and be careful with Empireoption.Do not waste your time and money on this scam company. All they do is keep calling until you make the deposit. Once they realize you won’t deposit anything else, they will never reply to your emails. And forget about calling them, they’ll hang up on you. Rude and unprofessional.
    Their so-called “advisors” are pieces of garbage. Sebastian and Federico Demczylo are liars. They’ll promise you anything to get your deposit. Then forget about trying to contact them, not to mention to make a withdrawal, you will never get your money.
    In these kind of cases with the fake broker over the internet my advice if you have already invested with those liar,call them back and get a refund from a fraud broker wouldn’t be possible for you..In this i will advice to get intouch with CYBER OPERATIVES RECOVERY TEAM and report this company. they are fraud and they also fight against various investment scam they have been helpful to the society by recovering stolen funds from all this fake broker.VISIT THEIR WEBSITE FOR MORE ENQUIRIES AT CYBER-OPERATIVES.ORG OR ADMIN EMAIL: INFO@CYBER-OPERATIVES.ORG



  8. Tatsch Siya

    Hi everybody, sorry for my english is not so good. I was cheated by a dishonest broker for a large sum of money. I contacted bitcoinrecovery [AT]consultant[dot]com and they helped me recover $ 40,000 total sum i lost to the scam. The broker asked me 15000 pounds to start with then another 15,00 pounds which i paid with my card, for the wire transfers i paid other they asked me for and I do not know why my withdrawal was’nt granted then I turned all over the internet for solution and [BITCOINRECOVERY @ Consultant. Com] the only legitimate and recommendable firm with reviews of many individuals whom they help retrieve their money back successfully


  9. Hi, if you see these reviews online about a team like this, i dont know what other doubts you can possibly have not to hire this team for fund recovery and other hacking services. Check
    Lodge your complaints for binary/forex scams on, a verified tech group that deal in recovery process with the help of lawyers all over the world to help victims be able to legally recover their funds. This group provide lot of other hacking services which can be checked on their website if thats where you need help. I was able to recover 75% of my funds though, had to use their hacking service for again and wow, what an amazing job they did.- James Carson.
    Thank you abstracttechinc, i could not have been able to recover my funds. i have actually tried lawyers in my country and they could not help, even birman law took my money. With Abstract Tech, i recovered 15000 CAD with my initail deposit. – Olivia Clark
    Worked with Abstracttechinc on my lost company email accounts and my old website database, also had to fix my company credit score and yes, i could not believe what this team can acahieve but yes they did it and a damn good job at that. – Dylan Blacc


  10. KAYA Wuest

    It feels good when you recovered your lost funds from your scam brokers. Some challenges of withdrawals we traders are facing today in binary option is because binary option is no right place to invest capitals, there are lot of scam brokers all over the world. If you’re facing some challenges of withdrawals or your broker manager is always asking you to make more deposit before you could place a withdrawals from your funds or you traded and lost your funds without any reason or maybe you noticed the broker manager manipulated your funds and can’t withdraw or recover them you can call +15163411871 cell phone number to B I T C O I N R E C O V E R Y @ Consultant [.] COM is a licensed wealth management and recovery solution company they helped recovery my funds.


  11. agentmike1

    Binary options fraud is being committed by companies that encourage investors to make apparently simple bet on whether shares, currencies or other financial instruments will rise or fall in value.
    Thousands of pensioner are at risk of losing their life savings in a rapidly growing financial scam that British authorities are powerless to clamp down on Savers are investing their money in fraudulent online trading site offering the promise of potentially huge payouts with little risk attached.
    Pensioner Eddie Dave, a former self-employed IT worker, said he invested a total of nearly £70, 000 in a binary trading platform called GlobalTrader365 . Mr Danny said he was initially approached online by the firm in February 2017. He said that he felt his pension income might be improved by accepting the investment opportunity he said they were offering him.
    Like Ms Ablett, Mr Danny said he was assigned someone who identified themselves as a “broker” to trade on his behalf and made a series of investments over the course of several month.In December, he said he filed a request with the platform to withdraw his money, the majority of which had stemmed from his pension fund. He claims that request was denied and – like Ms Ablett – he said his account later appeared to have been blocked.Because Mr Danny had paid for some of the investments with credit cards, he said he raised a chargeback dispute with his banks, but they have so far been unable to help him.It’s disgusting and I feel so foolish to have fallen for it, ” says Ms Ablett. “For now, all I can say is that if my story prevents at least one person from falling for this, it was definitely worth telling….
    Meanwhile In the absence of serious action against binary options fraud by UK authorities, Ethical Revolution Hacker has helped a couple dozen alleged victims of the industry reclaim a total of more than $10 million. The company has grown rapidly since it was founded , in some cases by helping victims of its own employees.if you
    have been scammed by this fake broker i will advise you to contact for help cos its never too late recover your lost fund here is their CONTACT web address ethicalrevolutionhacker. strikingly. com


  12. It actually hurts and bring tears to my eyes when I read comments of scammed victims ripped off by BINARY OPTIONS AND FAKE HACKERS. I know actually know how it feels and hurts to lose money you have worked half of your life for to invest with the thoughts of getting returns when you are retired. It was all a scam in the end.

    STOP BEING SCAMMED BY THESE BINARY OPTIONS AND FAKE HACKERS. The Cybersecurity has had enough of complains from clients over the months who has one way or the other being a victim of the BINARY OPTION OR RECOVERY SCAMS or any desired Hacking Services. I’m willing to put an end to these unbearable swindle scheme taking over the internet and taking a step forward to render solution to those affected and help them get every penny they lost. Hack Ethics is an experienced Private Hacking and Certified Binary Recovery Expert Organization with a spare master key that no one has. Service takes just within 48 hours. Hire an Ethical Hacking Expert who’s professional and real. Specialized in any desired Hacking Services. CONTACT EMAIL OR SKYPE – HACKETHICS008@GMAIL.COM.


  13. SophiaNoyes

    Lost money trading binary option ? report your case on priorityrecovery,org . I used their service to recover my investment from my broker and they were able to successfully get it all back. If they helped me, they can help you too.


  14. With the current situation affecting the cryptocurrency market especially the fake brokers and unregistered binary option companies, It is not advisable to just embrace every trade opportunity because of scam,trust me. It is always good to trade with broker using a transparent pricing, fast and reliable trade executions.. I have been scammed in forex and binary options before I got to know and actually recovered my funds back with the help of paulmaslowizrecovery(AT) gmail DOT com… i actually think its a good idea


  15. ellenawilliams

    From peoples reviews i have read on here , they are another scam because any legit company would easily pay out money the same way they easily received it, never thought binary options is a scam until they took all my money and denied me access to withdraw , i deposited $98,000 with the hope of getting more . I had to hire the services of a recovery expert/consultant: ( Britz.alex(AT)solution4u dot com ) to help me get my money back, and he got my funds back in less than a week .


  16. There are many binary options companies which are not regulated all around. Most of these offshore companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA). Please If you have lost a reasonable amount of money to an alleged trusted broker, contact recovery expert now on paulmaslowizrecovery(AT)gmailDOTcom..


  17. These brokers are terrible they took me for all I had, luckily for me I was introduced to this recovery website, they helped me recover all of my funds within 3 days, I am so happy to share this with all who have been scammed Binaryoptionrecoveryspecialist (dot) (com)


  18. Ann Kuzmina

    I used financialchargeback,com to recover money I lost trading with spot option. If you are a victim of option fraud , report to financialchargeback,com so you get get restitution.


  19. STOP BEING SCAMMED BY THESE FAKE HACKERS. Hack Ethics is an experienced Private Hacking and Certified Binary Recovery Expert Organization with a spare master key that no one has. Also can help you recover your lost or stolen funds from any Binary Platform and Fake Hackers. Our service takes just within 24-48 hours. Hire a Ethical Hacking Expert who’s professional and real. Specialized in any desired Hacking Services including Romance Scams and so on. Contact –


  20. I have been scammed and scammed and scammed again. I invested with four binary companies and lost all of my investments totalling £750,000 Then I was contacted by someone offering help – a company who specializes in binary recovery. I was scammed by them again. By the end of it all I had lost all of my savings and I was in serious debt. I was desperate for help and that made me vulnerable to recovery scams. My husband is not around anymore and I have an 8 year old son with learning difficulties. The pressure of being a single, working mother with a child who needs so much additional attention and support became overwhelming for me. I also felt too traumatized to trust anyone else and I was very afraid, but I had no choice other than to trust HACKETHICS008 AT GMAIL DOT COM or WICKR – recoverygenius. He has been incredibly helpful and supportive and also very understanding about all of my fear and concerns he helped recover all of my funds back within a week . I really hope that others do not have to go through what I did, and I wish that I had realized before things were so bad that I was being scammed. I hope my story might help others to not be fooled the way that I was. He can also render any desired hacking services



    I have lost funds to different Binary Options brokers and this almost ruined me because I had hired a lawyer to look into it but nothing worked to get my funds back. I trusted this last broker with £132,465 and lost it but I found a Recovery Firm that specializes in this and they helped me trace my funds and recovered 80% of the investment with all the profits. If not for this Firm, would have lost my funds again. i dont think its right to lose your hard earned money to fake brokers when there is a Recovery Kapital available, email to reach them or via their complaint request form on



    Fortunately our foundation got money back with the Recovery Firm’s help. All binary options trading is a scam. If money lost is a lot of money to you like we lost £145,000 to IQoptions and £76,000 to Banc-de-binary and you feel you need to get it back. My advice is to seek professional legal aid immediately, so they can tell you what you can potentially do, contact the Recovery Firm on their complaints support team via and get your funds recovered.


  23. Lost $500k trading binary option through binary tilt, couldn’t withdraw my investment not to talk of my winnings. I had to hire a refund solution professional from Geminihacks(dot)(com) they recovered $150k (80% of my investment) happy to help other traders going through this. Geminihacks(dot)(com) feel free to reach out.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s