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Stay AWAY from Banc de Binary!

If you are considering Binary Options and don't know much about it, DO NOT speak to a broker from Banc de Binary. All I asked for was a demo account to practice on my own with tips I had already received elsewhere. This was promised to me with a $250 deposit. Once I made the deposit the broker insisted that I don't need a demo account and would not give it to me (omitting to tell me that all I had to do was contact Chat online to open one!) He then set about pursuing me relentlessly with promises of how much money I would make, copies of other successful trades, made statements about 80% success rate and bonus offers from the bank. He said he is the expert and would provide all the signals for me. He told me that I could not make big money with small deposits and hounded me until I finally parted with 10K from my credit card! This I only did because of a personal financial crisis situation I am in and which he was now fully aware of, offering to help fix it up for me. Very nervous but trusting him as he assured me I could, I followed his signals as per his suggestion. In no time at all the money was all but gone. I was devastated but he came at me again offering a solution - trading the NFP - guaranteed to recover my losses. I was very unsure but he kept going and wanted to withdraw more from my credit card assuring me that it would work out and offered a big bonus to raise the amount in order to make big wins. Well, starting with 25K on the NFP, nothing went right and I am now down to 7.5K with my credit card maxed out! He knew I would be in trouble as I was using money on credit but still he went ahead chasing me and saying he "is here to help". Now they won't let me have the remaining balance as I must first do the required turnover trading that goes along with accepting a bonus! Bottom line is that I am now forced to learn how to trade (whether I like it or not) to try and get some money back from all that I lost or even to just get back what is left in my account. I can not withdraw that money so I either have to accept a loss of +- 25K or work on trade daily and hope like *** that I make a profit out of the remaining balance. I am now working with a decent guy and group while I learn but this was not what I wanted to do long-term. I only wanted to try it out. Knowing what I know now, I would NEVER go into this business again. I hope this helps other people not to make the same mistake I did.
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3 comments
#1101124

Hi

For the purpose of this review id like to let everyone know who has been scammed by binary options companies that there is a way you can attempt to get your funds back..

i myself was in the same position. my account manager lost all my fund which i took 6 weeks to build up taking my account from 1750 usd to 8500 usd.

i contacted a lady called Rebecca Rebecca@***.com who help me recoupe my initial deposit through all her knowledge of how binary option companies scam their clients.

it was a no win no fee service rebecca offered, and im more than satisfied with all what she has done for me... and would recommend her services to anyone in need.

regards

Keith

#1097823

Hi,

My name is Rebecca, i used to work for a big binary company, Today i represent people that got scammed by them.

With my experience and knowledge I can help you get your money back.

All we have to do is to find the loophole...

PM me Rebecca@***.com

BTW- if i dont get the money back, you dont need to pay for my work. R

#1311839
@Jermon

Hi Rebecca

Pls pls would you call me. I have sent you an email this morning.

I have been told by someone in your company that I don't have a case..I have been told about you but I don't want to upset the other lady who I think is doing her best.. I would like your advice and if I should go to my bank?

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ID
#431860 Review #431860 is a subjective opinion of poster.
Loss
$20000

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