GUILTY Case# 2014-060 | szendro vs www.binarymatrixpro.com

Based on the available evidence, do you believe that BinaryMatrixPro.com is guilty?

  • Guilty

    Votes: 30 100.0%
  • Not Guilty

    Votes: 0 0.0%

  • Total voters
    30
  • Poll closed .

szendro

Private, 1st Class
Messages
82
Original FPA Traders Court Submission:

I am submitting the case against: www.binarymatrixpro.com

My Case is: This site is totally fradulent:
The published win rate is 80%. The measured win rate is 45-50%.
The social reporting is fraudulent. Proven losing trades are reported as wining trades.
The alleged proofing site used is fraudulent and almost certainly ficticious.
I started a thread in the commercila zobe forum and found many others had experienced the same problems or worse.

New thread in the Scam Alerts Folder:

Review is submitted by Szendro on 03/19/14

The company was first contacted about the issue on 03/12/14 the last contact was on 03/13/14

Details: Company does not reply to request for explanations why social reporting is erroneous nor why results are much worse than publicised. Same comments from other contributors to the thread.
I traded on a demo account which does not permit a statement to be saved but I made screen copies of one session of over 2 hours which shows the win rate to be 39%!
Because this company is till advertising at the moment and using many affilates, please could you escalate the case asap to help others.

Company representatives' emails: Support<support@binarymatrixpro.com>

 

Attachments

Pharaoh

Colonel
Messages
19,828
This one looks pretty straightforward.

Yo AsstMod! Can you please assign a case number and issue a formal invitation to BinaryMatrixPro when you have a free moment?
 

szendro

Private, 1st Class
Messages
82
Dear Pharaoh,

I respectfully ask if it is possible to escalate this one to a scam asap to help protect the innocent. It seems the scam alerts folder is well read and it this scam is still very active and widespread as I type.
Many thanks.
 

AsstModerator

FPA Forums and Reviews Admin
Messages
5,577
Case number assigned and invitation sent. If there's no response, this one moves to Open Cases next week.

Szendro, if you like, encourage others having the same problem to file Traders Court complaints.
 

nawajyoti

Recruit
Messages
4
hi there.. i used it for a very short time.. as I had the same problem.. loosing money.. and trades that are definitely loosers are still shown as winner through the social reporting, that should be impossible? I had by the already put money into Bancdebinary to start my account with 250 dollars. Final conclusion binarymatrixpro does not work and do not waste your money. It is a way of getting people to sign up with brokers.
 

Master Yoda

Captain
Messages
2,929
any binary company is guilty to me... this whole industry was made to make people deposit but never withdraw it's even worse than a casino
 

Sandra1793

Recruit
Messages
2
Yep guilty for me too, also trying to get my money back from Banc de Binary is a hassle, ive tried twice in the last two weeks, supposed to be a two day turn around, well so far from the first request it is two weeks and from the second try, it is now five days. Starting to think i may have lost the $300.00USD that i put in. I will keep everyone informed as to how it goes.
 

nekojfx

Private
Messages
12
guilty... I have the impression that whenever a binary company is involved it's always the guilty verdict... Reading on blogs and based on people experience they are not to be trusted... no hard feelings, it's just my impression :rolleyes:
 
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