Hi all,
I was recently scammed by a binary option broker through a fake website. I first approached a trader named Ryan Law on Telegram and he promised returns of up to 1000% per week through binary options and his automated EA robot. I placed an initial deposit of USD1000 with him (via bitcoin), and he helped to open an account for me under MT4-trade. Its website is https://mt4-trade.com/ However, when I first tried to make a withdrawal, my account was suspended and Ryan Law reverted that this was because I tried to withdraw when the robot is still active, and I would need to pay an additional sum of USD6000 to unsuspend my acccount. After paying via bitcoin, it was unsuspended, the amount of USD6000 was added to my account balance and the trades went on as per usual. When I asked to stop the robot and withdraw my money from my account, the MT4-trade brokerage platform told me that I need to pay 20% tax first before I can withdraw the funds. This struck me as a scam as typically tax is not as an upfront payment. Upon investigating the website https://mt4-trade.com/, I realized that it was created only recently in March 2019 and its Registrar is NameCheap, Inc. This does not strike me as a legitimate broker, and thus I am convinced that I might be scammed. The address listed on the website also looks fake. I have since made a police report in my home country Singapore. I suspect that Ryan Law and MT4 trade might be in cahoots with each other. Would anyone have any inside information on this syndicate and how I can recover my money stuck in my account? Ryan Law did mention that he was from Holland but living in the United States, but I am not too sure if he is lying. He also has a telegram channel named Crypto & Forex Investment Coach. I have attached screenshots of his telegram channel, contact and the scam broker website MT4 trade for reference.
Sorry for the long message. Thanks in advance to anyone who can help me!
I was recently scammed by a binary option broker through a fake website. I first approached a trader named Ryan Law on Telegram and he promised returns of up to 1000% per week through binary options and his automated EA robot. I placed an initial deposit of USD1000 with him (via bitcoin), and he helped to open an account for me under MT4-trade. Its website is https://mt4-trade.com/ However, when I first tried to make a withdrawal, my account was suspended and Ryan Law reverted that this was because I tried to withdraw when the robot is still active, and I would need to pay an additional sum of USD6000 to unsuspend my acccount. After paying via bitcoin, it was unsuspended, the amount of USD6000 was added to my account balance and the trades went on as per usual. When I asked to stop the robot and withdraw my money from my account, the MT4-trade brokerage platform told me that I need to pay 20% tax first before I can withdraw the funds. This struck me as a scam as typically tax is not as an upfront payment. Upon investigating the website https://mt4-trade.com/, I realized that it was created only recently in March 2019 and its Registrar is NameCheap, Inc. This does not strike me as a legitimate broker, and thus I am convinced that I might be scammed. The address listed on the website also looks fake. I have since made a police report in my home country Singapore. I suspect that Ryan Law and MT4 trade might be in cahoots with each other. Would anyone have any inside information on this syndicate and how I can recover my money stuck in my account? Ryan Law did mention that he was from Holland but living in the United States, but I am not too sure if he is lying. He also has a telegram channel named Crypto & Forex Investment Coach. I have attached screenshots of his telegram channel, contact and the scam broker website MT4 trade for reference.
Sorry for the long message. Thanks in advance to anyone who can help me!