GUILTY Case# 2016-166 | hailg vs 24option.com

[danielsoy]

clients awaiting out there who think they will be the next Paulson.

Paulson with hair by the way.

 

[IrwanI]

Thank you, I've already approached them. In a process with a law firm introduced by them at this moment.

Great,don't forget to update your case here.

 

[ruseneca]

Very strange...people nowadays are inclined to throw thousands of dollars out the window, thus "helping their relative in a hospital" (very famous phone scam) or make a deposit with binary options company and risk everything - all or nothing.
I would definitely use the word that the topic starter had used - stupidity!

Now, to the serious part...
I will once again note that opening/closing orders, buying or selling options/binary options without a written permission (power of attorney) is illegal, disregarding of the legislation.
In this case, it seems that the topic starter had bought the options himself, just following someone's "signals".
If this is correct, proving a scam scheme will be far more difficult.

 

[George M.]

Sorry to hear you were coached into a very foolish decision to trust these moral-less evil bastards, just by getting you to take their advise and place the trades yourself, they have their ass covered. Just like so many more people who will never complain or write into a forum like FPA maybe out of embarrassment of being proven that they were foolish with their money, the more people that report these crimes the better the chance that government agency's will take heed and act to close down these bucketshops/scams.

I have posted this message on FPA before but more people need to see it so I will post it again here.

Any broker that asks you to lodge more money in order to allow you withdraw your first deposit in just a SCAM. Simple as that! It is just a delay tacit and a way to ensure they scam more money from you before you come to realize that you have been scammed.
Every bucket shop scam has done the exact same thing in every other thread I have read in the last six years.

It is written in the Forex and Binary options scammers handbook on page three, fourth paragraph down.....
Tactic 18.2, Offer them a deposit bonus of 200% if they have been trading for more than six months, and 500% deposit in they are new to trading and be sure to force them to over trade eg 500-1000 lots to receive fake bonus, this helps ensure the new trader will loose their small account within six months.

Tactic 18.3 Offer them help to recover their initial loss of deposit by appointing an account manager with superior trading talent and skills, allows you (the broker) to take control of the buy and sell buttons, ( has now the ability to buy and sell unlimited risk and maximum lots against trend and at market turns so as to wipe out the account within several minutes /hours.) Be sure to have your victim sign you over this agreement so when he starts to complain that you lost his account you are covered!

Tactic 18.4 If a new trader has been able to reach the required over trading conditions and makes profits, and then has the audacity to requests a partial/whole withdrawal, then they were lying in their application and had knowledge of trading, or were receiving third party help to to make profits. Options here are to deny them the withdrawal and send them a message that their account is under review, this review will delay them for several days/weeks, time is money and you do not want to spend all your time on one client when there is fresh income source/clients awaiting out there who think they will be the next Paulson.

Tactic 18.5 Close their account and ignore their petty requests for explanations, if you have to pass them off to another (fake of course) department this will help delay them until they loose hope and eventually go away and stop pestering you. This tactic is successful in 97% of cases, they victim will just accept that they were scammed and will not bother you again. The other 3% of clients will contact other forums and complain you to various toothless agency's in the hope you will return their deposits, luckily you followed the rule book from page one where you set up you business from unregulated offshore islands with very lax rules and regulations.

Tactic 18.6 If your business is finally falls under bad reputation on the internet review forums you may have to re-brand, luckily this is easy enough, A GOOD BUSINESS MODEL IS A GOOD BUSINESS MODEL after all. You may loose a fey weeks in the re-branding and building up fresh victims but you know "there is one born every minute" as the saying goes and you will still have clients from the old business that still refuse to believe that they are the victim of a scam company that some other client complained about in some forex forum. It is hard to believe that some people are that gullible but it is true and it is these core clients that will help fund your 5* lifestyle

As always "THE FOREX & BINARY OPTIONS SCAMMERS HANDBOOK" is open to review and updates

Sorry to hear you were coached into a very foolish decision to trust these moral-less evil bastards, just by getting you to take their advise and place the trades yourself, they have their ass covered. Just like so many more people who will never complain or write into a forum like FPA maybe out of embarrassment of being proven that they were foolish with their money, the more people that report these crimes the better the chance that government agency's will take heed and act to close down these bucketshops/scams.

I have posted this message on FPA before but more people need to see it so I will post it again here.

Any broker that asks you to lodge more money in order to allow you withdraw your first deposit in just a SCAM. Simple as that! It is just a delay tacit and a way to ensure they scam more money from you before you come to realize that you have been scammed.
Every bucket shop scam has done the exact same thing in every other thread I have read in the last six years.

It is written in the Forex and Binary options scammers handbook on page three, fourth paragraph down.....
Tactic 18.2, Offer them a deposit bonus of 200% if they have been trading for more than six months, and 500% deposit in they are new to trading and be sure to force them to over trade eg 500-1000 lots to receive fake bonus, this helps ensure the new trader will loose their small account within six months.

Tactic 18.3 Offer them help to recover their initial loss of deposit by appointing an account manager with superior trading talent and skills, allows you (the broker) to take control of the buy and sell buttons, ( has now the ability to buy and sell unlimited risk and maximum lots against trend and at market turns so as to wipe out the account within several minutes /hours.) Be sure to have your victim sign you over this agreement so when he starts to complain that you lost his account you are covered!

Tactic 18.4 If a new trader has been able to reach the required over trading conditions and makes profits, and then has the audacity to requests a partial/whole withdrawal, then they were lying in their application and had knowledge of trading, or were receiving third party help to to make profits. Options here are to deny them the withdrawal and send them a message that their account is under review, this review will delay them for several days/weeks, time is money and you do not want to spend all your time on one client when there is fresh income source/clients awaiting out there who think they will be the next Paulson.

Tactic 18.5 Close their account and ignore their petty requests for explanations, if you have to pass them off to another (fake of course) department this will help delay them until they loose hope and eventually go away and stop pestering you. This tactic is successful in 97% of cases, they victim will just accept that they were scammed and will not bother you again. The other 3% of clients will contact other forums and complain you to various toothless agency's in the hope you will return their deposits, luckily you followed the rule book from page one where you set up you business from unregulated offshore islands with very lax rules and regulations.

Tactic 18.6 If your business is finally falls under bad reputation on the internet review forums you may have to re-brand, luckily this is easy enough, A GOOD BUSINESS MODEL IS A GOOD BUSINESS MODEL after all. You may loose a fey weeks in the re-branding and building up fresh victims but you know "there is one born every minute" as the saying goes and you will still have clients from the old business that still refuse to believe that they are the victim of a scam company that some other client complained about in some forex forum. It is hard to believe that some people are that gullible but it is true and it is these core clients that will help fund your 5* lifestyle

As always "THE FOREX & BINARY OPTIONS SCAMMERS HANDBOOK" is open to review and updates

Where can we read the full Forex ang Binary options scammers handbook?

Who wrote or sign this handbook?

 

[Pharaoh]

Interesting. 8 Not guilty votes, but not one person speaking in favor of 24 Option. I wonder if those are a bunch of old company representative accounts doing the voting.

 

[cklayus]

Interesting. 8 Not guilty votes, but not one person speaking in favor of 24 Option. I wonder if those are a bunch of old company representative accounts doing the voting.

I voted not guilty. As I said the only think that they are guilty of is very aggressive marketing. the client him self placed the trades and lost.
Sure they knew he will lose but so are every other broker that accept your account know that you will lose.

 

[ruseneca]

Interesting. 8 Not guilty votes, but not one person speaking in favor of 24 Option. I wonder if those are a bunch of old company representative accounts doing the voting.

Now 9 with my vote given.
I cannot blame a company for others' mistakes.
This is why companies have "Retention Department". And it is up to you to decide - request a withdrawal and wait OR cancel the request and continue "trading". Simple!
But I cannot defend the company either. We all know their strategies...very well...

 

[snapped2002]

I am forced to vote not guilty of provable crime based on the evidence given here, however VERY guilty of moral hazard
So my not guilty is canceled by my guilty and I will choose to abstain from any vote.
.
For me a not guilty is the same as an endorsement and with that kind of customer care there is no way I will provide an endorsement.
I have been hit by these high pressure teams before and thankfully I followed my gut that said do not trust them.

I even had one guy telling me they are working with master physicists so they know what way the market is going to flow.
Right there I just hung up, I mean come on does anyone buy that there is a correlation between physics and the FOREX market lol.
I think that companies name was 24H options or 24H Binary or something like that, was about 6 months ago.

Cheers all.

BTW I have been taken like many others so you are NOT alone.
I once bought an EA called "range trader" by a called Peter Parsons (if you can believe it).
We ALL make mistakes and the key is to not loose your shirt over them and learn from them.
At least you are at FPA and they can help.

 

[cklayus]

Yes what that broker did was not nice but after all this a court a traders court. And our power is in the reputation and the publicity. If traders around the world don`t take this site seriously then all of this voting is nothing. And i can tell you I saw threads on serious forex forums like babypips and forexfactory that talk about this. like a regular court wont convict a person because he cheated on his wife also here we should give a guilty verdict for a broker that is not nice but he has not broke the "law".

 

[cklayus]

Yes what that broker did was not nice but after all this a court a traders court. And our power is in the reputation and the publicity. If traders around the world don`t take this site seriously then all of this voting is nothing. And i can tell you I saw threads on serious forex forums like babypips and forexfactory that talk about this. like a regular court wont convict a person because he cheated on his wife also here we should give a guilty verdict for a broker that is not nice but he has not broke the "law".

sorry I ment to say not gulty verdict