fxtrader2011
Private
- Messages
- 27
I opened an account with Banc de Binary( BdB ) in April 2013 . I will not go into how i was roped into opening the account - this , in itself , is a story which can be echoed over and over again by people like me who have no knowledge or experience and we sign up believing these major organisations and what we are told.I will focus rather on what went on after .
I opened the account with $25 000 and accepted a bonus of $25 000. After a while of actual trading with trades recommended by BdB experts , i came to realise that very little of what i was initially told to get me to invest , a lot of it in writing , is reality . Realising that I was in a no-win situation , I changed tact and worked very closely with BdB to try and salvage what for me was a very bad situation . I also realised that I had to keep everything in writing because of a total lack of trust in BdB so everything I am saying in this post , I can back up with written documents .
When it came time to ask for a withdrawl after i met all my trading requirements in Nov 2013 , I came up against excuse after excuse . The story kept changing with new objections brought up at different times . The terms of the contract had been changed by BdB ( for one they reduced the payout figures per winning trade ) , I was then told that there were other sign-on clauses in "fine print" which I agreed to and that I had it all wrong and that I was nowhere near my targets which qualify for a payout ( none of these conditions have actually ever been found or shown to me - all i can think is that these new "fine print" conditions imposed at the time of payout simply do not exist and have been made up so as not to honour the payout commitments ) . Instead , I have had a new trading target imposed by BdB which is at an impossible level of turnover . For no reason which can be explained this turnover figure has now been set at approx 15 times the original target . There is absolutely no logical explanation or any offered by BdB. Someone has somehow come up with a number , so take it or leave it !
The only response I can get from BdB after repeated requests and multiple emails since November 2013 is "sign a new Terms and Conditions document" at the elevated target and trade . Anything I have in writing from BdB is being ignored - the documents I have prove that my original targets I signed up for have been achieved .So whether I agree or not , I have to sign the new document - no more , no less, no further discussion ! I am now being bullied into an unacceptable situation of signing a new contract or I stand to lose all of my investment .
I am asking , how can this be ? I worked with BdB in a transparent way and what I get in return is this sort of conduct and dismissive approach . It seems to me it is a case of they are doing it because they can . Apparently , there is nothing I can do ?
So if i can warn any new prospective investors . Get to understand very well what and with whom you trust your finances .
I opened the account with $25 000 and accepted a bonus of $25 000. After a while of actual trading with trades recommended by BdB experts , i came to realise that very little of what i was initially told to get me to invest , a lot of it in writing , is reality . Realising that I was in a no-win situation , I changed tact and worked very closely with BdB to try and salvage what for me was a very bad situation . I also realised that I had to keep everything in writing because of a total lack of trust in BdB so everything I am saying in this post , I can back up with written documents .
When it came time to ask for a withdrawl after i met all my trading requirements in Nov 2013 , I came up against excuse after excuse . The story kept changing with new objections brought up at different times . The terms of the contract had been changed by BdB ( for one they reduced the payout figures per winning trade ) , I was then told that there were other sign-on clauses in "fine print" which I agreed to and that I had it all wrong and that I was nowhere near my targets which qualify for a payout ( none of these conditions have actually ever been found or shown to me - all i can think is that these new "fine print" conditions imposed at the time of payout simply do not exist and have been made up so as not to honour the payout commitments ) . Instead , I have had a new trading target imposed by BdB which is at an impossible level of turnover . For no reason which can be explained this turnover figure has now been set at approx 15 times the original target . There is absolutely no logical explanation or any offered by BdB. Someone has somehow come up with a number , so take it or leave it !
The only response I can get from BdB after repeated requests and multiple emails since November 2013 is "sign a new Terms and Conditions document" at the elevated target and trade . Anything I have in writing from BdB is being ignored - the documents I have prove that my original targets I signed up for have been achieved .So whether I agree or not , I have to sign the new document - no more , no less, no further discussion ! I am now being bullied into an unacceptable situation of signing a new contract or I stand to lose all of my investment .
I am asking , how can this be ? I worked with BdB in a transparent way and what I get in return is this sort of conduct and dismissive approach . It seems to me it is a case of they are doing it because they can . Apparently , there is nothing I can do ?
So if i can warn any new prospective investors . Get to understand very well what and with whom you trust your finances .