B4Binary.com Binary SCAM Broker: Fraud - Theft of money from Closed account

rogerfogg

Recruit
Messages
6
I have been Scammed by B4Binary.com for the full amount of $14,097.00. Last December 2015 I opened a Managed Trading Account with B4Binary.com. B4Binary began trading for me in December 2015, I had by the 7 March deposited a total of +- $2750.00 into my account. By 12 July 2016, I suspected something was not right and I had had enough of being ignored by my account manager, Mr. Robert Young and having all my 'Withdrawal' requests apart from (1) one the first one made rejected for no apparent reason (I had sufficient funds in my account) and all of my e-mails ignored (none of which were ever answered) requesting information concerning my managed account and some ROI programme that Mr. Young mentioned regarding when I could make my first Withdrawal. (Originally given as July then changed to August 2016)
I sent my first e-mail requesting to 'Withdraw' the FULL balance of my account and to have my trading account Closed to B4Binary.com on the 12 July, I also instructed B4Binary in all of my (7) seven follow up e-mails that I wanted to 'Withdraw' the full balance of my account and to Close and Freeze my account and that No further trading was to take place on my account, I received acknowledgment from B4Binary which only said that they had received my e-mails and would send these on the the department responsible, I did NOT ever get any response from the account manager Mr. Young.

After doing some research on B4Binary.com, on the 20 July 2016 I submitted an Official B4Binary 'Account Termination Form' to both B4Binary and Tradologic.com, (Novox Capital Ltd, they have offices in Leeds) my trading account balance was then $14,097.00, I received an acknowledgement from both Tradologic and B4Binary on the 21 July 2016 that they had received this Termination form, I followed up with (3) three further e-mails requesting the status of my Withdrawal request and if the Compliance department had approved Verification of all my documents, I only received acknowledgement that my e-mails had been received. Eventually on the 9 August I received an e-mail advising me that my 'Withdrawal' request was rejected due to a 'Billing Address Error', no other explanation. I replied immediately on the 9 August to B4Binary and Tradologic asking them exactly what the problem was and what did 'Billing Address Error' mean, I only received an acknowledgement that my e-mail had been received. In total I sent 10 e-mails requesting information regarding the reason given for 'Withdrawal' Rejection 'Billing Address Error' with No response to any of them.
On the 17 August I spoke with someone named Jack Morris who said he had just joined B4Binary.com and that he was my new account manager, I explained what was going on and explained that I had submitted to B4Binary an Account Termination Form on the 20 July 2016 and he said he would find out and come back to me, he had No idea what 'Billing Account Error' was. On the 18 August I sent an e-mail to Jack Morris to ask if he had any information for me however I never received any reply and have not heard from him again! On the 18 August I sent (2) two further e-mails to B4Binary, after the 2nd one I received a phone call from someone at B4Binary saying they were the CEO, Mr. Zack Peterson, we had words and what he said was 'That as I had only deposited $2750.00 in my account and that His Trader had made the profit, I was NOT entitled to the full amount in my trading account'!.
Very shortly after that phone conversation I went into my B4Binary Closed trading account and found that Someone from B4Binary had gone into my Closed account on the 15 August and made continuous losing trades, one after the other and LOST $10,440.00, leaving only $4,021.00 in my Closed trading account, also someone had submitted a 'Withdrawal' request for $1,250.00 from the account? I certainly didn't.

All of my Verification Documentation had been submitted and I was verbally told by Compliance they were Approved. I have kept copies of all the e-mails sent to and received from both B4Binary.com and Tradologic.com and the Skype messages between myself and my then B4Binary trading account manager, Mr. Robert Young.

With regard to the 'Withdrawal' request made by someone at B4Binary, I received an e-mail on the 29 August 2016, telling my that my 'Withdrawal' was rejected for the reason of 'Trade Requirements'. I immediately responded with an e-mail telling B4Binary that I had submitted an Account Termination Form on the 20 July which they had acknowledged receiving and that this trading account was therefore closed and no trades should be traded on it. I have Not received any response to this e-mail.

Please try and help me get my money back or at the very least put an end to the illegal practices that B4Binary are carrying out. Thank you.
 

FxMaster

Lt. Colonel
Messages
9,337
I have been Scammed by B4Binary.com for the full amount of $14,097.00. Last December 2015 I opened a Managed Trading Account with B4Binary.com. B4Binary began trading for me in December 2015, I had by the 7 March deposited a total of +- $2750.00 into my account. By 12 July 2016, I suspected something was not right and I had had enough of being ignored by my account manager, Mr. Robert Young and having all my 'Withdrawal' requests apart from (1) one the first one made rejected for no apparent reason (I had sufficient funds in my account) and all of my e-mails ignored (none of which were ever answered) requesting information concerning my managed account and some ROI programme that Mr. Young mentioned regarding when I could make my first Withdrawal. (Originally given as July then changed to August 2016)
I sent my first e-mail requesting to 'Withdraw' the FULL balance of my account and to have my trading account Closed to B4Binary.com on the 12 July, I also instructed B4Binary in all of my (7) seven follow up e-mails that I wanted to 'Withdraw' the full balance of my account and to Close and Freeze my account and that No further trading was to take place on my account, I received acknowledgment from B4Binary which only said that they had received my e-mails and would send these on the the department responsible, I did NOT ever get any response from the account manager Mr. Young.

After doing some research on B4Binary.com, on the 20 July 2016 I submitted an Official B4Binary 'Account Termination Form' to both B4Binary and Tradologic.com, (Novox Capital Ltd, they have offices in Leeds) my trading account balance was then $14,097.00, I received an acknowledgement from both Tradologic and B4Binary on the 21 July 2016 that they had received this Termination form, I followed up with (3) three further e-mails requesting the status of my Withdrawal request and if the Compliance department had approved Verification of all my documents, I only received acknowledgement that my e-mails had been received. Eventually on the 9 August I received an e-mail advising me that my 'Withdrawal' request was rejected due to a 'Billing Address Error', no other explanation. I replied immediately on the 9 August to B4Binary and Tradologic asking them exactly what the problem was and what did 'Billing Address Error' mean, I only received an acknowledgement that my e-mail had been received. In total I sent 10 e-mails requesting information regarding the reason given for 'Withdrawal' Rejection 'Billing Address Error' with No response to any of them.
On the 17 August I spoke with someone named Jack Morris who said he had just joined B4Binary.com and that he was my new account manager, I explained what was going on and explained that I had submitted to B4Binary an Account Termination Form on the 20 July 2016 and he said he would find out and come back to me, he had No idea what 'Billing Account Error' was. On the 18 August I sent an e-mail to Jack Morris to ask if he had any information for me however I never received any reply and have not heard from him again! On the 18 August I sent (2) two further e-mails to B4Binary, after the 2nd one I received a phone call from someone at B4Binary saying they were the CEO, Mr. Zack Peterson, we had words and what he said was 'That as I had only deposited $2750.00 in my account and that His Trader had made the profit, I was NOT entitled to the full amount in my trading account'!.
Very shortly after that phone conversation I went into my B4Binary Closed trading account and found that Someone from B4Binary had gone into my Closed account on the 15 August and made continuous losing trades, one after the other and LOST $10,440.00, leaving only $4,021.00 in my Closed trading account, also someone had submitted a 'Withdrawal' request for $1,250.00 from the account? I certainly didn't.

All of my Verification Documentation had been submitted and I was verbally told by Compliance they were Approved. I have kept copies of all the e-mails sent to and received from both B4Binary.com and Tradologic.com and the Skype messages between myself and my then B4Binary trading account manager, Mr. Robert Young.

With regard to the 'Withdrawal' request made by someone at B4Binary, I received an e-mail on the 29 August 2016, telling my that my 'Withdrawal' was rejected for the reason of 'Trade Requirements'. I immediately responded with an e-mail telling B4Binary that I had submitted an Account Termination Form on the 20 July which they had acknowledged receiving and that this trading account was therefore closed and no trades should be traded on it. I have Not received any response to this e-mail.

Please try and help me get my money back or at the very least put an end to the illegal practices that B4Binary are carrying out. Thank you.
Two steps that you must follow

1st - Invite them to join this thread via email (Send email to every possible address).

2nd - Go to their website and invite them to here via Live Chat
 

Tommisu

Corporal
Messages
97
Your CC deposits are a bit out of range of the 120 days deadline for chargeback. But no harm trying. Contact your bank and explain the situation, how all the promises of ROI return, withdrawal and account closure were not entertained even though you are fully eligible. Back your claims up with those black and white evidences if necessary. All of these scam binary brokers have ways and means to drag on a case well past the chargeback deadline which they are fully aware of, and ignoring your emails or promising to look into your case and then no news for weeks are a few of the more popular methods.
 

rogerfogg

Recruit
Messages
6
Your CC deposits are a bit out of range of the 120 days deadline for chargeback. But no harm trying. Contact your bank and explain the situation, how all the promises of ROI return, withdrawal and account closure were not entertained even though you are fully eligible. Back your claims up with those black and white evidences if necessary. All of these scam binary brokers have ways and means to drag on a case well past the chargeback deadline which they are fully aware of, and ignoring your emails or promising to look into your case and then no news for weeks are a few of the more popular methods.
Hi Tommisu, thanks for your advice, I have contacted Winchargeback for help and waiting for them to contact me.
 

Pharaoh

Colonel
Messages
19,900
While waiting, ask your bank what the deadline is for chargebacks for fraud. It varies from country to country, and in some places from bank to bank.
 

rogerfogg

Recruit
Messages
6
While waiting, ask your bank what the deadline is for chargebacks for fraud. It varies from country to country, and in some places from bank to bank.
Pharaoh, I have sent invitations to B4Binary by e-mail and through their Web site page to both join in a live Chat and review my Thread regarding my accusations against them for steeling money from my 'Closed' trading account . I have not received any reply to date.
 

rogerfogg

Recruit
Messages
6
Still no reply or response from B4Binary.com. What if any action can I expect from FPA with regard to this Scam? They have ignored my e-mail request to contact you.
 
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