What a joke, they think we will back down with threats of legal action.
I would like to inform about a new case, Ive been another victim of Banc de Binary
Im new to binary options trading and Ive opened an account at BDB beginning of January and made an initial deposit of 500€. I just wanted to try my luck, worst case I would've lost the 500 € and thats fine.
I had opened the account for maybe 30min when I got a call from someone pretending to be Steve Green. Senior account manager at BDB with big plans. It started that he convinced me of depositing 10´000 € which took quite a but of time to convince me. Anyway, he assured that I can withdraw this amount at anytime, just the was you can do that in regular bank. After depositing and making a small trading with him, I had about 17´000 €.
This is just the beginning where BDB tried to gain my confidence. Steve told me that he would only make money if I make money and make withdrawal which turned out later on to be one of many lies!
Soon he wanted me to become a VIP member which means I need to have 100 k € in my account, no matter if its by deposits or winning trades, I just need to hit this number.
Steve couldn't wait to get more money out of me, so he convinced me to deposit more money where I ended up having paid 60 k €.
The so called big event started and within 30min the money was gone. Of course the excuse was "The market went against us". Im not comment on that, I will leave this part to you!
I want to say that I have raised an official complaint against BDB not he 24th of March, sending an email with some attachment proving the scam and lies they used to let me deposit and lose my trades. This includes screenshots of Skype conversations where you can see the signal that I should trade, times etc. Also a financial plan that Steve has prepared on the way we will trade and the small amount he will use to trade (which has no relation to anything he did after that!) and other evidence.
Friday, about 10 days later, I received a confirmation for my email saying "We have received your complaint, thank you". Its funny cause actually I gave BDB time until that Friday to fully pay me back my money before I start a charge back process. It just proves that BDB is not willing to even listen to the "customers" or try to find a peaceful solution where both parties could live with.
Attached you can find signals I received from him on the way I should trade, careless and risking the whole about on my account. Also you find attached another lie regarding the bonus. Steve told me I can withdraw the money I have deposit at any time, only the bonus needs to be traded for a certain amount. If you look on the attached equation you find that they even block your own money, no chance for you to make a withdrawal!
Hi Guys,Hi Comandant, please don't waste any more time trying to negotiate with Banc de Binary. They are only trying to drag out the process so that you go past the time you are able to ask your bank to do a chargeback. Please proceed to do the chargeback immediately. Once the chargeback hits them, they will call and email to ask you to negotiate in "good faith" to resolve your dispute - no doubt the usual offers of a good faith "bonus" ie play money, not real money, will be put on the table for you to accept as they have no intention of returning any real money to any of their scammed victims. Please don't fall for their lip service and platitudes of "good faith" BS nonsense to withdraw the chargeback. Just keep plowing forward with the chargeback as that is your best chance to recover 100% of the stolen money scammed from you.
Please also report them to Cysec, the Financial Ombudsman of Cyprus and all the other avenues you have available to you to spread awareness and word of Banc de Binary's scamming us all.
Good luck with everything and please keep us updated on your progress with the chargebacks and police reports - ask them to escalate to Interpol / Europol as Interpol have a file on the Banc de Binary scams for victims in Canada already, and I'm sure for victims in other jurisdictions as well.
How did you deposit? If by credit card, call your issuing bank's fraud department. Explain how you were misled and the broker deliberately blew the account. Ask if a chargeback for failure to provide promised services is an option. Report back about what they say.Hi Guys,
Also got scammed this week by BDB. $5000 lost within 20mins. They told me that I could earn 20 - 30% per month (Like a second income). I jumped to the idea (I always wanted to do trading) and was very exited. We did one deal for $500 that we won, i was hooked!! The next day i basically lost everything within 20mins. Was told that the markets went against 'us' and that i need to deposit $2000 to start with the recovery process. I refused as i don't have an extra $2000 anyway. I need help please, where can i start?? I already contacted my bank and started with all the forms..
I will appreciate any advice
Yes, by credit card. I did phone my bank and told them what happened. They told me it cant go through as fraud but they will process it and see what they can do. They say it will take 10 to 15 business days. I'm going to contact them again to see if there's anything else i can do while i wait.How did you deposit? If by credit card, call your issuing bank's fraud department. Explain how you were misled and the broker deliberately blew the account. Ask if a chargeback for failure to provide promised services is an option. Report back about what they say.