zzzztj
Private, 1st Class
- Messages
- 25
Hi All,
Well, here because I feel I've been scammed by bank de Binary but not because I've lost trades, although that's financially cost me that's not what my complaint is. My complaint is that you use an analyst because they have more skills than you do and therefore expect them to have your account in interest.
However it seems that the whole industry is setup to only make money when you lose and that is a clear conflict of interest. Imagine if your lawyer only got paid if you lost your case, or (and actually worryingly this may well be case) your doctor only gets paid when you get more ill.
So much for regulation (in fact the same type of regulation that allowed the financial crisis to happen)
So in my case, I was promised VIP treatment, and the same story as many others here, you get a few good trades in to encourage you to put more money in then you lose the lot. They give you bonuses but this is pretend money because you can't access it, it's just a ploy to make you put more in.
In my case I've now been referred to 'Recovery', who want me to put in another 7-8k (protected) to help bring the balance up. In my case I've had 31k of bonuses so in order to be able to withdraw anything I would have to make the account over and above 31k.
In my case i did nearly everything on skype so I have an almost complete transcript of my dealings with both my account manager 'Jack White', and now the Recovery Agent David H.
Interestingly the recovery agent has admitted negligence of Jack by saying there was no risk management and that he wished agents like that didn't work for the company. As far as I am concerned this is an admission of negligence and professional conduct.
However, in the bigger picture, the type of regulation needs to change. I understand that CyReg (Cyprus Regulators) have banned the paying of bonuses but actually agents should be paid bonuses - on winning accounts.
Actually to try and tilt the scales in my favour I offered Jack quarter of a million for every million he had made me. BDB are obviously paying him more. I would quite happily have paid this and seen it as fair remuneration for his services over and above his pay.
So from what I can see, a lot of people losing and only a couple 'winning' through regulators and complaints processes.
If you're thinking about BankDeBinary BDB or any of the hundreds of other names they use, don't. Just don't.
#bdb #bankdebinary #scam #binaryoptions (tags put in for online searches as I want as many people to see these messages as possible) I have a lot of spare time and a very insane sense of injustice.
I've read some of the advice on here and I'll be following up with the regulators and any other methods I can think of to get some changes made. Any thoughts/ideas then post them here.
Edward
Well, here because I feel I've been scammed by bank de Binary but not because I've lost trades, although that's financially cost me that's not what my complaint is. My complaint is that you use an analyst because they have more skills than you do and therefore expect them to have your account in interest.
However it seems that the whole industry is setup to only make money when you lose and that is a clear conflict of interest. Imagine if your lawyer only got paid if you lost your case, or (and actually worryingly this may well be case) your doctor only gets paid when you get more ill.
So much for regulation (in fact the same type of regulation that allowed the financial crisis to happen)
So in my case, I was promised VIP treatment, and the same story as many others here, you get a few good trades in to encourage you to put more money in then you lose the lot. They give you bonuses but this is pretend money because you can't access it, it's just a ploy to make you put more in.
In my case I've now been referred to 'Recovery', who want me to put in another 7-8k (protected) to help bring the balance up. In my case I've had 31k of bonuses so in order to be able to withdraw anything I would have to make the account over and above 31k.
In my case i did nearly everything on skype so I have an almost complete transcript of my dealings with both my account manager 'Jack White', and now the Recovery Agent David H.
Interestingly the recovery agent has admitted negligence of Jack by saying there was no risk management and that he wished agents like that didn't work for the company. As far as I am concerned this is an admission of negligence and professional conduct.
However, in the bigger picture, the type of regulation needs to change. I understand that CyReg (Cyprus Regulators) have banned the paying of bonuses but actually agents should be paid bonuses - on winning accounts.
Actually to try and tilt the scales in my favour I offered Jack quarter of a million for every million he had made me. BDB are obviously paying him more. I would quite happily have paid this and seen it as fair remuneration for his services over and above his pay.
So from what I can see, a lot of people losing and only a couple 'winning' through regulators and complaints processes.
If you're thinking about BankDeBinary BDB or any of the hundreds of other names they use, don't. Just don't.
#bdb #bankdebinary #scam #binaryoptions (tags put in for online searches as I want as many people to see these messages as possible) I have a lot of spare time and a very insane sense of injustice.
I've read some of the advice on here and I'll be following up with the regulators and any other methods I can think of to get some changes made. Any thoughts/ideas then post them here.
Edward