I have a similar experience with this company, I lost an amount several times the size as the person who started this thread. I do not see any chance of getting it back. These guys will convince you that the mistakes made in webinars were an anomaly and never happened before, and that they can be recovered, but all they want is for you to deposit more and trade more. Binary Options are not linked to liquidity providers like forex, they are pure administrative transactions on the balance sheet of the broker, like a casino, the winners wins are paid for by the losers losses. The company is credited with 100% of every lost trade, and pays out 61-88% of winning trades to the winners, which means they make at least 39-22% of every single trade net. You can bet your account manager makes 10% of every 'trade', won or lost.
As someone earlier said, if you use these guys, do it placing your own trades using your own skills, then you have nobody to blame.
Read up on 'Martingale system' - it is the gambling strategy which requires doubling your bet to win the next spin of the roulette wheel. This company's 'risk management' is to tell its customers to use the Martingale system (worse than martingale because you need more than double to keep doubling up) - In the end it is a zero sum game, you can win 100 times, but all you need to do is lose one run, and your loss equals the size of your initial stake and all your wins.
As someone earlier said, if you use these guys, do it placing your own trades using your own skills, then you have nobody to blame.
Read up on 'Martingale system' - it is the gambling strategy which requires doubling your bet to win the next spin of the roulette wheel. This company's 'risk management' is to tell its customers to use the Martingale system (worse than martingale because you need more than double to keep doubling up) - In the end it is a zero sum game, you can win 100 times, but all you need to do is lose one run, and your loss equals the size of your initial stake and all your wins.