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Problem Binary Brokerz Scam ...

I am having an issue with a company

AnneW

Master Sergeant
Messages
314
As if it hadn't been enough to have been scammed in a mega fashion by Banc de Binary in January 2016(https://www.forexpeacearmy.com/community/threads/banc-de-binary-mega-scam.43677/), which I have been focusing on to date, I also appear to have been scammed out of USD$10,000 with Binary Brokerz around the same period in January 2016. Lisa Foster advised me on what 3 trades to place and the amounts of USD$5000 for each of those trades, for their "long term" trades back in mid January and said that I didn't need to look at them until March!! I discovered after that when searching around the BinaryBrokerz website that 2 of the 3 trades were "lost" on 4th March 2016. I am not at all happy that there is something funny going on here with Lisa Foster having told me that she had very good leads and that we should be able to win these long term trades with conservative fund and risk management in place with more than a 75% chance of a win! Where was the education promised? 30 minutes a week given that I wasn't able to dedicate each night to learning, but there was no lessons or training provided at all, and I was dropped like a hot potato after I brought up the Banc de Binary scam.

How can placing the entire principal of USD$10,000 plus an additional USD$5000 which I've now realized was part of the bonus that I did not want, be conservative fund and risk management?? I see that the bonus has been put back in place with the 1 "win" but that my entire principal deposit of USD$10,000 was "lost" with the 2 losing trades! I didn't realize that the long term trades were still a bet along the lines of how Banc de Binary scammed me!!! I thought that long term trades were just that for some bizarre reason. Unfortunately Binary Brokerz got the money out of me a day or 2 after Edward West from Banc de Binary got money out of me. I definitely was in a really bad space at that time. I did not however sign the DOD or do any verification at all for Binary Brokerz, so I don't understand how Lisa Foster could have still gone ahead to tell me to place the trades! Anyway I just don't trust any of these binary brokers anymore and only want to recover all my money now which has been scammed from me.

To give Lisa Foster some credit, when I complained to her about being scammed in a mega fashion by Banc de Binary, she told me to do chargebacks after finding out that I had deposited with credit cards. Then she told me she had to go and would call me back later. It's now been over a month since I last spoke with Lisa Foster. I have emailed her several times telling her I wanted my money back because of what Banc de Binary did and she has not responded at all to any of my emails. I ended up asking her if Binary Brokerz too was a scam like Banc de Binary.

I thank God though that I refused to deposit a further USD$10,000 which I did not have when Lisa Foster asked me to do that as my credit cards had already been maxed out by Banc de Binary! She then asked if I could do a wire transfer for the additional USD$10,000 and I said that I couldn't as I had no more money. However, unlike Banc de Binary, Binary Brokerz did not pressure me to keep depositing more and more when I said that I couldn't.

The worst part of all out of this entire exercise, was that I never directly signed up with either Binary Brokerz or Banc de Binary. I had instead signed up to try 2 software trading platforms which got rave reviews - medallionaireApp - SCAM!!!!!!!!!!! and Mike'sAutoTrader - SCAM!!!!!!!!!!! - but both got very good reviews when I did a google scam check. One of the officers at the bank said that these scammers pay for these websites to give them good reviews!!! Mike'sAutoTrader was first and signed me up with Banc de Binary. MedallionaireApp was the day after and signed me up with Binary Brokerz and one more binary company, BloombexOptions, which I refused to also fund since Binary Brokerz got to me first. In hindsight which is 20/20, I wish I had said no to both these scammers ...
 
Seems like these companies have a script they all follow in how they operate. Sad you lost the trades, but even if you had won, I'm sure you would be in the same place as me in trying to make a withdrawal. I have learned some very expensive lessons and hope that the credit card company sort it for me. Binary option trading is no more than a gamble in every sense of the word, but has none of the regulation that high street bookies have.
 
Yes, agree with you regarding winning and withdrawals ... I'm hoping that my lawyer who's handling the Banc de Binary recovery can also assist with Binary Brokerz. Are you going to use a lawyer to assist? I think that it looks like they will only look at your matter if the customer uses a lawyer. Really unfortunate for all of us that it has turned out this way.

Angel ren has also engaged a lawyer to try and help her recover her funds from Binary Brokerz, but there's been no update as yet from her on her matter.
 
Anne, You have to take care of your money dear. DO NOT WASTE IT with scam broker. You are active in FPA and I always advice to everyone that do 10 time check the broker before you invest SINGLE PENNY with them.
 
Anne, You have to take care of your money dear. DO NOT WASTE IT with scam broker. You are active in FPA and I always advice to everyone that do 10 time check the broker before you invest SINGLE PENNY with them.
Hi FxMaster, thank you for your concern. Unfortunately this happened way back in early January at the same time that Banc de Binary scammed me before I discovered the FPA forum. I just wish to God that I had discovered this forum first before I even heard of Banc de Binary or Binary Brokerz! Believe you me, if any of these scammers were to approach me now, they will not get one cent out of me now that I know what binary brokers are!
 
Hi FxMaster, thank you for your concern. Unfortunately this happened way back in early January at the same time that Banc de Binary scammed me before I discovered the FPA forum. I just wish to God that I had discovered this forum first before I even heard of Banc de Binary or Binary Brokerz! Believe you me, if any of these scammers were to approach me now, they will not get one cent out of me now that I know what binary brokers are!
I am hoping that because I did not sign the declaration of deposit and Binary Brokerz did not verify my account that I will be able to get my money back from these scammers quicker. Surely there is some breach of the AML provision with their action asking me to place the trades first?? Can anyone confirm this?
 
As always:

How and when did you deposit?

Invite them to this thread.

File an FPA Traders Court case (hurry, they could be getting a Scam label soon)

Stop putting money into binary casinos.

Sadly, there doesn't seem to be an international rule against accepting deposits and trades (or placing trades for clients) before completing AML procedures.
 
Dear Anne W,

You will need to fully verify your account with the required documents as mentioned on our withdrawal page: http://www.binarybrokerz.com/deposit-withdraw/withdrawal/. Additionally, our head broker will be contacting you shortly for you to give your verbal confirmation to and to initiate the withdrawal process. We apologize for this inconvenience and we understand your concern.


- The Binary Brokerz Team.
 
Good luck with that. Head Broker Lisa Foster contacted me on 15/3 and said she would sort my withdrawal. Hasn't happened yet. So I would tend to take what she says with a pinch of salt. If and when she does call you I would recommend you record the conversation if you can.
 
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