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Binary Options |
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This page has been set up to describe my experience with a number of binary options sites and should be a warning to anyone considering such trading.
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History |
I began the Binary Options route just over a year ago. The first company gave me a matched bonus to the cash I sent them - Like for like. This amounted to £4,000.00, doubling to £8,000.00. The account is managed and trades 10% of the total fund. It currently stands at £18,992.93 |
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Last year |
Other companies then contacted me, also offering a matching bonus. The first beginning with £1,000.00 which they rapidly traded to a substantial "profit" and encouraged me to add more funds. All of them are showing "profits" currently but That is not the end of it. |
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Terms and conditions. |
Three of the companies have identical or virtually identical online documents. The document contains an edit dating which predates the formation of all three. One (FS) actually had the name of one of the others (BM) included in its online document! In all cases the withdrawal information is incorrect, referring to forms to download and complete which do not exist. There is also NO reference to trading volume levels before any withdrawal can be made. FS said they have no such restriction, but see below. In short, the documents are totally misleading. |
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Sites offline "Under construction" |
Two of the websites have gone offline, with no communication as to why. One, "Bull-Markets" (BM) is in administration according to reports elsewhere. They were also "kicked out" of the virtual office they had (but still used the address). I have had no communication from "First Sovereign" (FS) which is also offline. I have been approached by two other firms over BM. One was wanting a 10% fee upfront to close the account. Why should I pay a penalty when BM was closing the account, not me! I had 2 emails from them - the second suggesting I leave some funds to keep the account active. Close - keep active - make your damned mind up scammers! |
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Since then a second firm has got in touch - also to another client as well. This time not mentioning upfront cash (as yet??) and naming an escrow company operating from -- DUBAI! That apparently is questionable.
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Page created 27th. December. 2016 updated 3rd December 2019 |
