CentoBot and BinBot Are Scams Part of A Larger Scam Syndicate.

8 min readMar 15, 2018

There are two website, BinBot Pro and CentoBot, and they are the public face of two binary trading robots. The only problem is they are not. They are the buttered bait of a Forex broker trap. All online Forex brokers are scams. I did not know this and then I read the collective online outrage. Apparently, The good ones are licensed in places with strict laws and the ability to enforce them.

A message came through on the Skype…Quick smart. print 1800 words about trading bots and make sure to target these specific keywords…Okay googled CentoBot, googled BinBot then…wait a second.. these websites are the same.

Both BinBot Pro and CentoBot take advantage of these powerful technologies to do the following.

Earn for you on binary options.
Automatically go to work for you.
Double, or even triple, any deposit in a day.

This is all possible from this simple interface, which is controlled with nothing but a slider. It’s never clearly explained what these sliders do and honestly I doubt they do anything. I suspect that this plays on the human illusion of control.

Because of what they can do both BinBot Pro and CentoBot have…

The Best Binary Robot Award was won in 2016, I used a domain name age checker, that confirmed CentoBot is only 9 months old. Technically — BinBot Pro’s did first appear at the end of 2016. It is 1 year and 3 months old. So maybe,..Maybe. if the domain name was registered in early December, and they really went for it, an undisclosed organisation could have awarded them the Best Binary Robot Award within 30 days. I mean who can really say otherwise?

Why I Think CentoBot and BinBot Identical?

My first thought was that they were owned by the same people? This answer probably would have satisfied me, but I had to make 1800 words out of this nonsense.

There was only one clue. BinBot and CentoBot shared a Forex broker named BinaryCent.

Maybe the brokers were worth looking into. That was when things started to get weird.

Two of the brokers, VideoForex and BinaryCent, are obvious clone sites. The third, Raceoption, has its own layout but shares an address and is licensed by the Finance Group Corp. Same as the other two sites.

How Are The Finance Group Corp Related To CentoBot and BinBot Brokers?

The FGC — Finance Group Corp are featured in the ICIJ’s Offshore Leaks Data Base. “A database that contains information on more than 785,000 offshore entities. It compiles information from the Panama Papers, the Offshore Leaks, the Bahamas Leaks and the Paradise Papers investigations. It confirms that the FGC is at the listed address in Vanuatu

2nd Floor, Transpacific Haus, Lini Highway, Vanuatu. At that address is also the office of Moores Rowland. A company / website that specialises in setting up shell companies.

Suspicious, but even this isn’t definite proof that these brokers are scams. There are legitimate reasons to use an international shell company, in the middle of the Pacific Ocean.

When I searched for the address I found page after page of Forex brokers listing the Transpacific Haus as their business’ address. what is this brothel of financial whores?

Better yet, some of the site listed at these address have identical layouts to other FGC brokers.

Even the phone numbers had been recycled from other deceased scam brokers.

Nathan Sheds Some Light On The CentoBot and BinBot Scam

I got in contact with the Live Chat support to see if they could answer some burning questions.

Nathan came online then seenzoned me. I needed to assert myself as a serious investor.

Sensing an opportunity Nathan responded.

My chat box closed. Did Nathan just hang up on me? I refreshed the browser, turned on my VPN and cleared the browser cache, before looking again. The Live Chat was still offline. Could it be? I got on my phone and using a new device and the mobile data network, there is was again Live Chat offline.

That was rude Nathan.

A few hours later the live chat came back online. Nathan was active on both BinBot Pro and CentoBot sites at the same time.

This answer doesn’t make sense, and it confirms a link between the two sites. This isn’t just a shared WordPress template. This is conspiracy.

There is A Pattern In The FeedBack

In spite of being a blatantly obvious scam, Binbot and Centobot have some good reviews. Not many good reviews, but there is an army of shills funneling people at these unethical sites. I was ready to chalk this down to stupidity and selling out, until I found an interesting video.

https://www.youtube.com/watch?v=XoauzjoLkVE

Binary Living Way apologised for recommending BinBot Pro to his viewers. He explained how after the initial massive gains, his balance slowly diminished into nothing.

I watched countless hours of YouTube videos and read lots of ANGRY LETTERS on Reddit. This pump and dump cycle is smoke and mirrors. You can’t lose money that fast trading currencies.

Reading the BinBot Pro related forums I have identified the scam’s 4 stage funnel to nothing:

Put in a little money
Make massive returns
Put in a lot more money
Lose it all

There are some still fairly credible YouTube channels and blossoming financial authorities that are endorsing these scams. It is possible that they made their reviews to early in stage 2. initial pretend gains. They might not want to admit they were scammed after the fact. More likely this content is made buy paid shills.

I don’t known. DYOR. Here are independent reviews for all three brokers.

Maybe Trading is Just That Risky?

Trading is risky. Why would anyone do it through brokers with such a terrible reputation? Does Nathan want me to believe that there is a phantom company examining big data and crunching numbers to give its users some kind of a competitive edge over the market. It’s extracting and analysing data at such a high level that it can arrive at meaningful, actionable conclusions. It is the product of thousands of programming hours. I mean to make a bot that can double or triple a deposit of any size in less than a day. You would need to be an ultimate grand-master programming wizard. Do you sell it to a company? Or give it away for free and charge a fee on everyone else’s gains?

If BinBot or CentoBot could do what they claimed, and double any deposit on any day. you would be the richest person on Earth within the month. Y=axn

A= $20

N =365

X = 200%

7 days = $2560

14 days = $327680

30 days = $21.5 billion

I Think That BinBot and CentoBot Are A Small Piece of An Organised Scam Network.

The three brokers that BinBot trades with are part of a larger unregulated crime syndicate that preys on occasional stupidity at scale and they aren’t hiding it. Just changing the name and the logo, so they, whoever they are, can churn out these sites on mass.

I could be wrong, but it really looks like the Finance Group Crop have created two trading bots that collect fees while trading on their own dodgy exchanges.

Even if BinBot and CentoBot aren’t part of my conspiracy, then they are knowingly colluding with a criminal network and profiting at their user’s expenses. The alternative just doesn’t make sense.

I must have found a connection between 13–15 different brokers. Most of the sites are already down, but from information left in meta descriptions and the crawled archives there is a a massive coordinated broker scam stretching dozens of sites.

Image search this.