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Our Services
Binary Option Scams
Binary options were banned for retail UK consumers by the FCA in 2018 after defrauding billions worldwide. Despite the ban, offshore platforms continue to target UK residents online.
$10bn+
Estimated global losses to binary-option fraud
2018
Year binary options were banned by the FCA for UK retail
4.8 ★
Trustpilot rating
Warning Signs to Watch For
- A platform offering "yes/no" trades on price movements
- Promised payouts of 70–90% on short-duration trades
- A platform based offshore (Israel, Cyprus, Marshall Islands)
- Aggressive account managers pushing larger deposits
- Withdrawals blocked behind "trading volume" or "verification" requirements
Our Recovery Process
1
Investigate
We identify the operating entity behind the platform — often hidden behind multiple shells.
2
Trace
We follow the deposit trail through cards, wires, and crypto.
3
Pursue
We file chargebacks, regulatory complaints, and civil action where directors are identifiable.
4
Recover
We secure refunds via card networks and bank complaints, plus pursue judgments where viable.
Why Binary Options Are Banned
The FCA found that binary options were essentially gambling products dressed up as investments, with platform operators routinely manipulating prices and refusing withdrawals. The vast majority of retail clients lost money, and the products met none of the criteria expected of regulated investments.
Recovery Despite the Ban
The ban actually helps recovery. Card networks treat binary-options merchants as high-risk and chargebacks are widely upheld. Receiving banks face increased scrutiny under know-your-customer rules. Where the operator can be identified — and many trace back to a small number of operators — civil action becomes viable.
Lost money to a binary-options platform?
Speak with our specialists today — free, confidential, no obligation.
Frequently Asked Questions
Yes. The ban actually strengthens your position, particularly for chargebacks and bank complaints.
Card chargebacks have time limits (typically 120–540 days), but other routes (FOS, civil action) extend much further.
Waivers do not protect operators from regulatory breaches or fraud. We can usually challenge them.
Affected by binary option scams?
Our team of expert fraud lawyers can help you recover your lost funds.