As binary options trading is becoming more and more popular, there has been noticed increased number of foul brokers who are lurking after traders they can scam. In recent past, one particular type of scam has swept the market: traders received calls and email from brokers they never signed up with. NextOption is one of those brokers who practice this unethical way of doing business, but, what is more, interesting, we found out about scam only after their representative contacted one of our employees. Our employee, as many other traders who received those calls or emails, never signed up with this broker. The picture below shows the email that was sent to our colleague.
NextOption’s malpractice represents a huge issue in binary options industry since it involves stolen data, violation of privacy and other illegal activities. Privacy is of great importance in the industry based on trust between broker and trader.
Soon, our Fair Binary Options website will publish NextOption review to warn all potential traders about this bad broker. It is our mission, here in Fair Binary Options, to protect customers as much as we can, and it’s no different when it comes to our employees. This case of scam is still not over and we will continue to follow it. Our NextOption Review will have all warnings to make sure that readers know this broker is a scam.
This makes this NextOption scam very serious because it involves data breach, privacy intrusion, and other illegal conduct. Our employer was, like many other traders, in this case, never in contact with NextOption, he never visited their web page or wrote an article about NextOption, so we presume that foul brokers are buying stolen databases in order to attract more potential traders.
Unfortunately, the story doesn’t end here. This type of unprofessional conduct is ruining the reputation of fair brokers and the entire industry. Fair Binary Options is one of the sites that has been working hard in order to promote only experienced brokers and warn about the unprofessional ones, and cases like this can harm our reputation as well. Personal data protection is an important aspect of any sort of internet trading, and binary options are no exception. Spam is considered illegal, and bad business practice and we will definitely mention it in our upcoming review.
In the end, we would once more like to warn our readers not to trade with NextOption. Please stick to FBO’s top brokers list who won’t misuse your trust or personal data, but will give you amazing and safe trading experience.