I'd like to start a thread and submit a case to Court. Here's my story so far.
I joined OptionsXO around Feb 2016 after being talked into it by the smooth 'John Swift'. Before I go on we all know that the names these guys come up with are bogus....yes? Anyway, John Swift persuaded me to put £10k into my binary options account. He made a few trades and did reasonably well....then went in for the kill and of course, played on the worse of all human traits....greed. I deposited another £30K into the account. We both traded a little. He then had a good evening and tried top persuade me to put more in....but I then got really suspicious because his reasons for doing so didn't carry any weight. There was enough in the account to build it up nicely without going nuts, as long as the success rate continued. At this point I was given a bonus of course.
A week or so later I decided to test the withdrawal side of things. John almost turned himself inside-out to persuade me not to withdraw. I said I'd think about it. That evening John had some kind of mental aberration because he blew £50k from my account in an hour of frenetic trading. When I looked at the trading history he was placing one trade a minute. I'd already told him that he shouldn't trade recklessly but it was clear to me what was going on. He was running down the fund to prevent withdrawal. I went nuts and John passed me over to the 'head broker' .....Liam or something like that. Could have been the window cleaner for all the good he did. He told me that John was indeed out of order but not to worry as they were insured trades....I would be refunded. I asked for a withdrawal and they actually allowed me to withdraw £6k as a goodwill gesture. It took about 3 weeks to finally get John Swift to sort it out. Some time later I was indeed refunded for the bad behavior.....yes, you've guessed it, with a £54k bonus. I was now carrying 2 x bonuses with a combined total 'wagering' volume of nearly £2M.
I decided to work on it myself for a while as I couldn't trust anyone and had been completely duped by these ruthless conniving little pickpockets. A few 'account managers' came and went, all asking me to deposit more money or explaining that they will help me wager-out of my situation. After 6 months I wagered-out of the first bonus and thought I could at least withdraw that amount of money.....but no, there was a 2nd bonus to wager out so withdrawal was refused. I was so angry I left the account dormant for a while then in November 2016, a guy called Adam Page got in touch and said would I like to convert the binary options account to a Forex account. This was good timing as I was about to start some Forex training. He said that the outstanding binary options account bonus would be liquidated into the Forex account fund that was transferred and no more bonuses from then on...just a free, liquid account. To say I was suspicious is an understatement so I wrote out a list of very specific items that he needed to agree to before proceeding. I am happy to upload the email with the specific items so FPA members can see what the conditions were. Suffice to say that the main one was that there should be no limitations around withdrawals other than the two conditions that he stated, which were; 1) You can withdraw twice a year, Jan 1st and July 1st and 2) You have to request the withdrawal at least 7 days before the date you want it. That was it.
I had £83k in the Binary account and they wanted me to take it to £100k to be able to start the Forex account at the right level. I did this once I received agreement to all the terms in writing from Adam Page. The funds were deposited in JPMC in the US, converted to USD, and away we go.
First week all good....some money made. 2nd week I noticed that my new account manager, 'John Luis' is not putting stop losses on the trades, counter to my instructions. I also notice that the spreads are huge in some cases. I lose some money, win some, but still OK. I couldn't get onto the platform at one point for some time....it all seemed a bit odd and not particularly confidence inspiring. Anyway, I went to the trading course and the scales were lifted from my eyes. I went back and said to Adam Page at OptionsXO that I wanted to close the account. This was on 21st of December. He asked why, as did John Luis. I told them both that there was no malice but I didn't feel confident that everything was above board. Adam stopped communicating almost immediately. John Luis said he'd change the account back to a Binary options account and reinstate the bonus! They then proceeded to not respond or simply refuse to do anything. Of course, as the time went on, John Luis said that they would take a 30% 'fine' from the whole fund for cashing out outside of the allotted dates. I explained that I applied for the withdrawal within 9 days of the withdrawal date, so in plenty of time, and I wasn't going to be penalized because they couldn't get their act together. Finally, John Luis came back with an offer of $26k out of a fund that is around $132k. I offered to let them 'fine' me 30% on the whole amount and pay the balance.....but that was no good. I then offered to withdraw $50k and leave $83k and carry on trading. Again, that was refused. My final offer was to pay them back their poxy bogus 'bonus' and just pay me the balance. That's no good either. Regardless of what was agreed by Adam, in writing, they won't allow me to withdraw anything! It's absolutely unbelievable. My only recourse now is a systematic campaign of complaints, starting with the banks (three of them), serious Fraud office in the UK, Interpol, the FPA and your brilliant 'court'! I've also complained to the Israeli Police Fraud office. I believe thats where they are truly based.
These people actually believe that, once your money is transferred, its theirs....not yours. What's the verdict, guilty or no?
I joined OptionsXO around Feb 2016 after being talked into it by the smooth 'John Swift'. Before I go on we all know that the names these guys come up with are bogus....yes? Anyway, John Swift persuaded me to put £10k into my binary options account. He made a few trades and did reasonably well....then went in for the kill and of course, played on the worse of all human traits....greed. I deposited another £30K into the account. We both traded a little. He then had a good evening and tried top persuade me to put more in....but I then got really suspicious because his reasons for doing so didn't carry any weight. There was enough in the account to build it up nicely without going nuts, as long as the success rate continued. At this point I was given a bonus of course.
A week or so later I decided to test the withdrawal side of things. John almost turned himself inside-out to persuade me not to withdraw. I said I'd think about it. That evening John had some kind of mental aberration because he blew £50k from my account in an hour of frenetic trading. When I looked at the trading history he was placing one trade a minute. I'd already told him that he shouldn't trade recklessly but it was clear to me what was going on. He was running down the fund to prevent withdrawal. I went nuts and John passed me over to the 'head broker' .....Liam or something like that. Could have been the window cleaner for all the good he did. He told me that John was indeed out of order but not to worry as they were insured trades....I would be refunded. I asked for a withdrawal and they actually allowed me to withdraw £6k as a goodwill gesture. It took about 3 weeks to finally get John Swift to sort it out. Some time later I was indeed refunded for the bad behavior.....yes, you've guessed it, with a £54k bonus. I was now carrying 2 x bonuses with a combined total 'wagering' volume of nearly £2M.
I decided to work on it myself for a while as I couldn't trust anyone and had been completely duped by these ruthless conniving little pickpockets. A few 'account managers' came and went, all asking me to deposit more money or explaining that they will help me wager-out of my situation. After 6 months I wagered-out of the first bonus and thought I could at least withdraw that amount of money.....but no, there was a 2nd bonus to wager out so withdrawal was refused. I was so angry I left the account dormant for a while then in November 2016, a guy called Adam Page got in touch and said would I like to convert the binary options account to a Forex account. This was good timing as I was about to start some Forex training. He said that the outstanding binary options account bonus would be liquidated into the Forex account fund that was transferred and no more bonuses from then on...just a free, liquid account. To say I was suspicious is an understatement so I wrote out a list of very specific items that he needed to agree to before proceeding. I am happy to upload the email with the specific items so FPA members can see what the conditions were. Suffice to say that the main one was that there should be no limitations around withdrawals other than the two conditions that he stated, which were; 1) You can withdraw twice a year, Jan 1st and July 1st and 2) You have to request the withdrawal at least 7 days before the date you want it. That was it.
I had £83k in the Binary account and they wanted me to take it to £100k to be able to start the Forex account at the right level. I did this once I received agreement to all the terms in writing from Adam Page. The funds were deposited in JPMC in the US, converted to USD, and away we go.
First week all good....some money made. 2nd week I noticed that my new account manager, 'John Luis' is not putting stop losses on the trades, counter to my instructions. I also notice that the spreads are huge in some cases. I lose some money, win some, but still OK. I couldn't get onto the platform at one point for some time....it all seemed a bit odd and not particularly confidence inspiring. Anyway, I went to the trading course and the scales were lifted from my eyes. I went back and said to Adam Page at OptionsXO that I wanted to close the account. This was on 21st of December. He asked why, as did John Luis. I told them both that there was no malice but I didn't feel confident that everything was above board. Adam stopped communicating almost immediately. John Luis said he'd change the account back to a Binary options account and reinstate the bonus! They then proceeded to not respond or simply refuse to do anything. Of course, as the time went on, John Luis said that they would take a 30% 'fine' from the whole fund for cashing out outside of the allotted dates. I explained that I applied for the withdrawal within 9 days of the withdrawal date, so in plenty of time, and I wasn't going to be penalized because they couldn't get their act together. Finally, John Luis came back with an offer of $26k out of a fund that is around $132k. I offered to let them 'fine' me 30% on the whole amount and pay the balance.....but that was no good. I then offered to withdraw $50k and leave $83k and carry on trading. Again, that was refused. My final offer was to pay them back their poxy bogus 'bonus' and just pay me the balance. That's no good either. Regardless of what was agreed by Adam, in writing, they won't allow me to withdraw anything! It's absolutely unbelievable. My only recourse now is a systematic campaign of complaints, starting with the banks (three of them), serious Fraud office in the UK, Interpol, the FPA and your brilliant 'court'! I've also complained to the Israeli Police Fraud office. I believe thats where they are truly based.
These people actually believe that, once your money is transferred, its theirs....not yours. What's the verdict, guilty or no?
