500Option.com Review

Is it the same ALEX Cooper? That soft spoken persuasive scammer. I also fell into their trap. Out of the blues,I got a call from ALEX Cooper. I had just retired and thought his proposition was coming at the right time. After investing with an initial sum of $5000 i started receiving more calls and persuasions on why I should invest more money. By the time I knew it I had invested $27500. Of course the calls kept coming but by this time I no longer had money to invest. Instead I needed part of my money. The rest is history. But what surprises me is the ability for this syndicate to operate freely in the U.K. for such a long time.

I was also scam by 500 option and up till now, I have not received my money from them please do something

1. On March 10th 2016 I was in contact with Jett Harrison Broker at 500Option where I had a small account. During our conversation we discussed the possibility of increasing my balance as quickly as possible as I was in debt so we were looking at short-term trades in and out. We had a very pleasant conversation during which he gave me the guarantee that I would be able to withdraw my 3K deposit. The skype conversation and telephone call are documented. (call was recorded) After placing the trades, I had little or no contact, Days passed and I tried hard to get in touch with him.
2. On 30-03-2016 I received a call from Frank Bass the Senior Financial Portfolio Manager who told me that Jett had been sent on a business trip and was not available. He told me He would be taking over my account and that he had a wonderful proposition for me. I told him I was not in a position to deposit any more money in to that account.

3. Frank Bass offered me – so he said “ an opportunity to participate in a new program which would ensure I would clear my debt with trading”. In order to do this I would need to deposit more money into the account than I had at that moment. After several calls and chat sessions, I was persuaded to deposit into 500Option account, He would then add a 10K bonus, only under his 100% written guarantee that should we be out of money it would be returned to my account at no loss to me and would be able to withdraw.

Thereafter the calls from him were daily trying to convince me to add yet MORE money into this account, that he had a great opportunity he wanted me to participate in but couldn’t discuss its details. I continuously explained that I was not in a position to add any more funds, nor take out any additional loans from the bank. (At this point in time, I had deposited 28,250.00 He stated that he would place the trades for me and sent me a written guarantee for my funds.The goal was to increase the account and participate in a new investment which would take me well above 200,000K within a year.
We agreed that I would be able to withdraw the deposited amount at the end of the risk free period.

He promised to continually trade on my behalf for 1 week until Thursday April 21st by then I would be able to withdraw on the 23rd April and clear my debt. He asked me not to log into my account to see the balance, it would fluctuate a lot and he didn’t want me to have a heart attack, he asked me to trust and wait until 23rd before logging into my account. He would make sure the balance was healthy and still guaranteed the funds personally which he clarified in a waiver/extension of his first proposition with the guarantee of 20K by himself as well as 500Option.

During this period of course I checked the balance regularly. I saw he was trading on my behalf. I saw the balance (25K) fluctuate to 35K; 57K; 47K; 33K; I had no doubt.

On the 19th April I saw he lost 23K trading! I immediately changed the password of my account and repeatedly tried to get in touch with him. He did not answer on skype. I could not get through on the phone. I received an email from Frank Bass on 20th April wherein he breached the terms of the contract by pulling out of our agreement, that he would hand this over to a senior broker. The 20K guarantee (on top of the previous guaranteed deposit by Jett) was not honored.

I have submitted several withdrawal requests which have been ignored and / or I have been given the run-around.

500Option never had the intention whatsoever to honor a withdrawal.
500Option are in breach of contract.
500Option is not permitted to provide investment and ancillary services in the Republic, pursuant to Investment Services and Activities and Regulated Markets Law, as:

1. It has never been authorized by the Commission.
2. Ιt is not a bank or a cooperative firm, established in the Republic and authorized to provide such services.
3. No notification has been received by a competent authority of another Member State, pursuant to sections 77 and 80 of the above mentioned Law.
4. It is not regaled by the Cysec Commission.

Together with my Lawyer we are exhausting every avenue in order to get my money back.
We are in contact with the bank which they use - Head of Corporate Customers Raiffeisen Bank International AG
We have submitted complaints to the financial authorities.
We have continually requested withdrawal.

I have the same experience, I deposit €4000 and they gave me a free trade they said no strings attached I have it on paper. But the blew it in an afternoon. But I harrashed them a lot and they put back the money I lost. I withdraw €2.000 immediately and it took me 2 months to get it back. On 30 october 2015 I asked another withdrawal of €1.000 and it's now 31 janaury and didn't get a dime back. All the time new stories about their financial department. It is a mafia broker for sure.

Complete scammers of high degree! Alex Cooper and Jett Harisson of 500option.com scammed me out of around €40,000, lost lots of trades, never kept their agreement about managing the account, and tried to get me to deposit even more money. Said my deposit that we had agreed on and that had won a trade of € 30,337.50 required me to deposit an additional €13,300 more to get it credited to my account and to make a withdraw of my money due to an argument Alex Cooper and Jett Harisson had with the CEO, after I told them I had no more money to deposit and they did not keep their agreement. They both tried to coverup what we agred on by going from one claim to another. When I told them I waas going to do a chargback on my card, they told me they were going to turn the tables on me.