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Alex Ooi (axel85)
Dec 04 2015 at 11:06
23 posts
Hi folks, i believe there are traders out there who encounter similar issue as me. My money is now stuck with my binary option broker and they refused to refund me my money. I had ring them up many times and confirmed that i had my account verified and fulfilled the trading lot size to get back all my capital. Send them plenty of emails asking for updates but no reply at all. Just received a call from a new account manager assigned to me and they still have the guts to ask me to fund my account with more capital for upcoming NFP. After i hung up the call, i notice that my withdrawal request which was in pending status for almost a month had changed to cancelled. I would like to file an official complain or police report against this broker. Does any one out there knows where can i seek help from? Or anyone who has similar issue dont mind to share your experience? Thanks in advance.

Always trade with confident!
mattwilson007
Dec 04 2015 at 16:16
4 posts
which broker? find out where they are regulated if any? contact that regulator. If not regulated it's very hard to get money back but name and shame them to warn others, and also file a case with your evidence on forex peace army website to get the word out. good luck

chamchoun
Dec 04 2015 at 17:14
99 posts
PM me. What broker? I am Singaporean too btw

Alex Ooi (axel85)
Dec 07 2015 at 09:03
23 posts
chamchoun posted:
PM me. What broker? I am Singaporean too btw


PM send!

Always trade with confident!
chamchoun
Dec 07 2015 at 17:47
99 posts
Vision Binary is confirmed a scam binary options broker, as most SpotOptions brokers are.

Alex Ooi (axel85)
Dec 08 2015 at 07:40
23 posts
chamchoun posted:
Vision Binary is confirmed a scam binary options broker, as most SpotOptions brokers are.


Dont mind share your experience? Why do you think vision binary is a scam broker?
My experience with them:
1. Very slow web UI.
2. No iphone / android app to trade with.
3. Poor customer service, they only create case on your behalf if you ring them up, will never solve your issue on the spot.
4. Keep changing of account managers, seems like their employee turn around rate is very high.
5. Company establish for less than a year. (Domain age 173 days) https://www.scamadviser.com/check-website/visionbinary.com
6. Do things without asking for permission. (My account password was changed and they cancel my withdrawal request without me knowing)
7. Long lead time for withdrawal.
8. Keep receiving called from employee in different countries asking you to top up your account for upcoming trading oppotunities (with they will never return you back your capital just like me).

Always trade with confident!
chamchoun
Dec 08 2015 at 07:42
99 posts
axel85 posted:
chamchoun posted:
Vision Binary is confirmed a scam binary options broker, as most SpotOptions brokers are.


Dont mind share your experience? Why do you think vision binary is a scam broker?
My experience with them:
1. Very slow web UI.
2. No iphone / android app to trade with.
3. Poor customer service, they only create case on your behalf if you ring them up, will never solve your issue on the spot.
4. Keep changing of account managers, seems like their employee turn around rate is very high.
5. Company establish for less than a year. (Domain age 173 days) https://www.scamadviser.com/check-website/visionbinary.com
6. Do things without asking for permission. (My account password was changed and they cancel my withdrawal request without me knowing)
7. Long lead time for withdrawal.
8. Keep receiving called from employee in different countries asking you to top up your account for upcoming trading oppotunities (with they will never return you back your capital just like me).


Vision Binary is made by the well-known binary options scammer Sean Park. A google search will unearth all.

Alex Ooi (axel85)
Dec 19 2016 at 07:48
23 posts
Another scam broker found. FINANCEYARDS!!! Deposit USD250 and manage to profit to a sum of USD550. Unable to withdraw capital and i did not accept any bonus from them. I see no reason why they stop me from withdrawing my money. Fed up and i purposely loose everything in my account. Now they are sending me an email for monthly inactivity charge. WTH!!!

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Always trade with confident!
isaact
Apr 30 2017 at 07:17
2 posts
My broker swindled every penny off me through binary options. Over $80k lost, starting from a $1000 investment. I was able to get my entire lost funds back. Thanks to king-wizard(at)programmer(dot)net He is the best in recovery. There is still hope

mlawson71
May 01 2017 at 12:00
1487 posts
Singapore, unfortunately, has a serious problem with binary options scams, like many other places all over the world.

There has been a sharp rise in the number of complaints from investors in Singapore who have lost significant sums to unregulated and/or fraudulent binary options brokers, reports the Singapore Police Force. (https://smnweekly.com/2017/04/24/singapore-police-losses-to-unregulated-binary-options-platforms-exceed-1-7-mln/) The police said it has received more than 40 reports from investors who have lost over $1.7 million to unregulated binary options platforms.

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