Binary Options Con/Scam

Filmon

Junior member
12 0
BOCapital, OptionBit, GOptions.........

I opened account with BOCapital with $200 deposit, refused their bonus as I did not agreed with their withdrawal restriction tide with bonuses. Started trading and I was up a grand on two days of trading on my third day of trading I was up by additional $600. That is when my problem with them started, first they started adding additional pips to the strickprice and then they started tampering with the expiration times like a YOYO. At first I did not expected such-things when I start loosing on trades that I should not have losed, but I quickly realised the odd things they where doing.

I called my so called account manager regarding the problems, funny enough she was more concerned about me depositing additional money so that they can "triple my bonuses". I told her why should I put in more money to my account when I'm winning and have over $1500 in my account. Anyway to cut the story short, I realized the hard truth that I was dealing with con artists when I spoke the so called head manager, he start to belittle my knowledge of trading and the fact that my initial deposit was "little 200", he was an absolute ****.

Anyway I requested a withdrawal of 50% of my profits just to test the waters and did not got nothing after trying everything I could to get my money for the last 6 weeks. They simply closed my account and refused to replay to any of my emails.

I also realised that they are the sample con artists at Optionbit. I can get my money back and I can not undo my silly mistakes of providing them all my IDs. But I'm determine to jeopardize their scam business in every-way I can. I will create a website, make a youtube videos, do reviews and stuff. All in effort to inform people and getting the binary option scam out of business.

Seen guy named 'Mr. Stone' advertising GOptions yet another scam broker. quick glans on the website is enough. They say "Our offices are located here in the heart of London" I guaranty you they do not have any office or license in London. If they do, I have no problem giving them a visit to check on things. The office they claim to have in London, on their website is a bogus, an office that does not exist. Mr Stone prove me wrong will ya. Please invite me to your office :cool:
 

rsh01

Experienced member
1,184 299
This is a disgrace, filmon good luck in your quest, hope you get it sorted. I am surprised none of these guys get what' should be coming to them, pee off the wrong person and all.

Where is mr stone? His bravado bordering on arrogance started appearing after only a cpl of days of questioning. Suppose you need to be deluded to go down this road. Feel sorry for ppl like that.
 
L

Liquid validity

0 0
This is a disgrace, filmon good luck in your quest, hope you get it sorted. I am surprised none of these guys get what' should be coming to them, pee off the wrong person and all.

Where is mr stone? His bravado bordering on arrogance started appearing after only a cpl of days of questioning. Suppose you need to be deluded to go down this road. Feel sorry for ppl like that.

+1
Filmon sorry to hear your story.
For anyone else, simply do not deal with any financial outfit that are not regulated.
Even then, preferably only regulated by the FSA, NFA or SEC.
 

NVP

Legendary member
37,586 2,008
I have really been trying to be more balanced in responding to the numerous new Members that arrive at T2W - as I was being accused of being too aggressive and scinical in my responses to the messages that were posted (alongside the other more established members here)

if the message above is true then perhaps I am being to generous to one particular new joiner who needs to respond to this comment regarding his companies activity

N
 

Filmon

Junior member
12 0
Thank you all for the comments.

What is more disgraceful is that ones credible companies and websites promoting and legitimising this outright scam websites as a broker.

Countless established economic news websites are participating on this big scam directly or indirectly, even moneybookers actively promote scam broker banc de binary.
 

pboyles

Legendary member
8,072 1,302
When you see crap like this it's not hard to figure out what's going on. This will all end in an entirely predictable way, the warnings were there, nothing was done, then when it does happen anyone daring to mention it will be banned. It's just another superfundfx/Mike Baghdady in the making.

It's only a matter of time. Hopefully not too many people will lose their money.
 

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Mr Stone

Active member
128 1
Hello everyone,

I was taking a few days off from posting, then a client of mine gave me a heads up on this thread.
To Filmon, sorry you got yourself screwed over. But making aqusations about my platform and location and services is bang out of order. You are in London are you? Well how about you come through to our office and meet me face to face. I am here Monday through to friday.

You want to sling crap around fine. But try to make out that we are a scam and not with an office in NW London is pure crap. You have an open invitation to come through at any time.

For anyone also joining in. I have stated numerious times we are not currently regulated or licensed. Check out there to see who has a sterling reputation and who doesnt. GOptions is growing and still providing top sterling service to any client trading with the platform. To date not one client has had any problem accessing or receiving their money when requested.

To the forum veterans i know you do not like binary options. fair enough it is not for everyone. A client chooses to buy the option on not. Bonuses are optional and not forced on anyone, and most importantly in our terms and conditions everything is in black and white.

Filmon, as I said. You are more than welcome to come through to our offices and see me face to face. I am in the office 10am GMT until late every day. So, before you continue badmouthing us, who incidentally have never had you as a client or treated you poorly at any time I suggest you get your facts right. Once this month is done I will continue posting some trades and ideas. Again I am not forcing anyone to do anything and yes I am after new clients. Everything I have said and done has been upfront and I am the only broker to have come to this forum for Binary at least and done that. Actually answered straight up to all questions and pokes.

Sorry if you got shafted. Next time READ the terms and conditions before you throw your money down the toilet with a platform that is out to screw you over.

Mr Stone
 

NVP

Legendary member
37,586 2,008
fair enough...........after all we all have to make a living somehow......
 

LosPinos

Member
68 3
Hello everyone,

I was taking a few days off from posting, then a client of mine gave me a heads up on this thread.
To Filmon, sorry you got yourself screwed over. But making aqusations about my platform and location and services is bang out of order. You are in London are you? Well how about you come through to our office and meet me face to face. I am here Monday through to friday.

You want to sling crap around fine. But try to make out that we are a scam and not with an office in NW London is pure crap. You have an open invitation to come through at any time.

For anyone also joining in. I have stated numerious times we are not currently regulated or licensed. Check out there to see who has a sterling reputation and who doesnt. GOptions is growing and still providing top sterling service to any client trading with the platform. To date not one client has had any problem accessing or receiving their money when requested.

To the forum veterans i know you do not like binary options. fair enough it is not for everyone. A client chooses to buy the option on not. Bonuses are optional and not forced on anyone, and most importantly in our terms and conditions everything is in black and white.

Filmon, as I said. You are more than welcome to come through to our offices and see me face to face. I am in the office 10am GMT until late every day. So, before you continue badmouthing us, who incidentally have never had you as a client or treated you poorly at any time I suggest you get your facts right. Once this month is done I will continue posting some trades and ideas. Again I am not forcing anyone to do anything and yes I am after new clients. Everything I have said and done has been upfront and I am the only broker to have come to this forum for Binary at least and done that. Actually answered straight up to all questions and pokes.

Sorry if you got shafted. Next time READ the terms and conditions before you throw your money down the toilet with a platform that is out to screw you over.

Mr Stone

Not to sure why I am bothering to write this but I guess just to show how full of BS you are.

But the live chat forum you were banned from for spamming people "BOD" I seem to remember being in that room and you were talking about how sunny Cyprus was and you loved living there and even to the point where you mentioned you hadn't been back to the UK for a number of months.

If you do have an office in the UK it will be some regus building where you have a post box. I'll take you up and that and I am due back in the UK next Wednesday. I'll pop down at some point between Weds and the following Tues... look forward to meeting you!!!!!!!!

Los Pinos - "To be a good liar you need a good memory"
 
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Mr Stone

Active member
128 1
As I also put on there I move between the two locations as I have done for the last year or so. It's funny how we were not the "regulated" broker who scammed the guy and yet we are being branded by you online thugs as bad news and a bad broker to deal with.

Long story short, regulation sucks and guarantees you nothing. I guess I will c u next tuesday or whenever. For the meantime why dont you lot focus on the platform that actually did scam the poor guy above and try helping him out to recover the funds!!!
 

pboyles

Legendary member
8,072 1,302
As I also put on there I move between the two locations as I have done for the last year or so. It's funny how we were not the "regulated" broker who scammed the guy and yet we are being branded by you online thugs as bad news and a bad broker to deal with.

Long story short, regulation sucks and guarantees you nothing. I guess I will c u next tuesday or whenever. For the meantime why dont you lot focus on the platform that actually did scam the poor guy above and try helping him out to recover the funds!!!

Any unregulated broker is a bad broker to deal with. Don't take it personally, its just when you disappear your clients will not be entitled to compensation like they would be with a regulated broker.
 

davidfielder

Active member
185 0
I need to say that this whole conversation just stinks of broker bashing and has nothing to do with the original comment which is that another broker screwed over a client. He got screwed by BOCapital (I believe they defunct at the moment). What does this have to do with any other broker?
Why just sling crap in every direction.
I am not saying that if this company is lying about location it's ok - it just has nothing to do with the original comment that NO ONE seems to be giving the guy any advice/help/sympathy
Christ - get human !
 

Mr Stone

Active member
128 1
Any unregulated broker is a bad broker to deal with. Don't take it personally, its just when you disappear your clients will not be entitled to compensation like they would be with a regulated broker.

Hi Pboyles,

I am not disagreening with what you are saying you know that much already. We are not going anywhere, but of course without regs as you said from a clients perspective it can be pretty off putting.

My best advice to any with a non regulated broker such as GOptions is to keep it simple and small, never going to massive investment wise therefore limiting any potential risk or possibility that something bad may happen.

My hope is that over the next couple of years as we cement our operation and gain some decent licensing that clients will stay with us and feel safe to stay with us for good.

Anyway, best of luck to all trading today, best wishes to all the US suffering with that bloody hurricane and I will be back soon to post some trade ideas and connect. Just trying to close out a really busy end of the month right now.

Mr Stone
 

davidfielder

Active member
185 0
Is it hard or a problem to get licensed as a binary options company?
I see many running to CYSEC now and some like MW going to get a gaming license
But is it even really that hard? Or is it just a question of putting up some cash and a rubber stamp?
 
 
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