As a newbie I was targeted by Banc De Binary marketing and was promised to have personal assistance from an account manager and a huge level of support for learning to trade binary options. I was encouraged to place a $1500 stake which my account manager offered to double along with promises of making plenty of profits with his help. But first I was asked to sign a bonus allocation agreement which I did not fully understand. On the basis of my account managers encouragement I signed the agreement only to discover that I had to trade a minimum of 20 trades moving $60,000 of volume trades before I could withdraw any funds from my account. I realised within days after trading on a demo that this would be an impossible task. I pleaded for a refund. First Banc de Binary said that as I had not used the account I would be able to get my original $1500 returned. But only after they verified my account. I had to send in doucments proving my identity and they took two weeks to conclude that I was who I was. After that they then refused to return the funds. I was told that my fund mangager Jim Anderson was the only one who could make the decision to return my original stake. I wrote 10 and 15 times pleading with him and the accounts department to return my money. I have to this day three months later still not used the live account.
In desperation I started trying to learn how to trade binary options successfully but I began to realise it is a no win situation. I have been pleading for months with them to return my money - I have not used the live account and they are refusing to do this. If I even attempt to use the live account I will lose all of my money - because there is no way I can successfully trade binary options to $60,000 volume. Can someone help me get the money back?
In desperation I started trying to learn how to trade binary options successfully but I began to realise it is a no win situation. I have been pleading for months with them to return my money - I have not used the live account and they are refusing to do this. If I even attempt to use the live account I will lose all of my money - because there is no way I can successfully trade binary options to $60,000 volume. Can someone help me get the money back?