Option.fm Scam me!

Bowong

Recruit
Messages
1
my story is similar to most of the victims. started with a 250 credit card deposit and slowly to 20k inorder to be their VIP trader group. Meanwhile, they also deposited almost 19k to my account without my authorization after i found out the "Bonus Terms Agreement" . Like others, they started to give me the suicide trades.
I had sent an email to winchargeback and received a notification that need to take up 14 days for the reply
My questions are,

1.Should I wait for the reply from WCB or call my bank for chargeback now?
2. Would bank denied my backcharge if I would to settle the bill now (to avoid late or financial charges)
 

FxMaster

Lt. Colonel
Messages
9,448
my story is similar to most of the victims. started with a 250 credit card deposit and slowly to 20k inorder to be their VIP trader group. Meanwhile, they also deposited almost 19k to my account without my authorization after i found out the "Bonus Terms Agreement" . Like others, they started to give me the suicide trades.
I had sent an email to winchargeback and received a notification that need to take up 14 days for the reply
My questions are,

1.Should I wait for the reply from WCB or call my bank for chargeback now?
2. Would bank denied my backcharge if I would to settle the bill now (to avoid late or financial charges)

Option.fm already marked as a scam Broker base on Trader`s vote and scamming cases. You can read more here http://www.forexpeacearmy.com/forex-reviews/11866/www.option.fm

Now, come to the solution of your problem, If you deposited your money via credit card then contact the credit card customer care asap and ask them to file a chargeback OR Contact Rebecca here WinChargeback, she will help you to get back your money
 

Macska

Recruit
Messages
2
Sadly, I have a similar story with Option FM. Bit by bit I deposited £24,000 with them and received bonuses. A couple of weeks ago. I am a complete novice and relied entirely on Ethan Bell's (broker) 'expertise'. I was promised an average monthly income of £3,500 with £5000 becoming available for withdrawal before Christmas and another £5000 the week after. However, I noticed the trend of despite making some profits, the overall sum in the account was slowly, but surely reducing. I sent an email to Ethan pointing this out as wanted to consider pulling out. Due to technical difficulties we were unable to trade or speak to each other and today, he speedily lost all my money with mainly 60 seconds binary dealings. He then called me and said "oh, well the market is volatile and I am passing you onto the Recovery Department. Of course as others already shared their experiences, they would require more money to recover my losses. I am devastated but prepared to fight these immoral people. I did sign the Declaration of Deposit each time a deposited £8,000 and I used my debit card for this purpose. I am a resident in the U.K. Any advice would be greatly appreciated. Thanks
 

Pharaoh

Colonel
Messages
19,925
That declaration of deposit is designed to make a chargeback very difficult. You may want to go directly for professional assistance. WinChargeback might be able to find a way to deal with the situation.
 

Macska

Recruit
Messages
2
Thank you Pharaoh. I appreciate the point you are making. However, I do consider having been "mis-sold" to under false pretences/a lot lies and there clearly have been a failure to deliver promised service. I even wonder if the trading platform and account was for real and if in fact, my investment was used more successfully behind the scenes. Unusually yesterday the broker actually advised me to log out in between separate trading for example. As advised by others I have made a complaint directly to the broker and the company (as no information on the actual director); to eCommerce and ActionFraud. Thank you again for the advice and shall pursue this.
 

Pharaoh

Colonel
Messages
19,925
If you are confident in your evidence, and your bank is competent (a VERY big factor), try for a DIY chargeback. The advantage is that it costs nothing.

If the bank can't or won't help, WinChargeback has been able to successfully appeal in many cases.
 
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