Moroontrader
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- 26
Has anyone else been involved with Secured options? Due to possible legal action I will keep this brief. My experience is reflected in my of threads on this site.
The long and short of it that I am $16500 out of pocket with the company still asking for more money. Many different assurances were given but none of them turned out to be true. The scars from this run deep but the best way to level this playing field is get these companies closed down. I have in-depth details of trades conversations and other contacts. All of which lend weight to the fact that this company had no intention of making any money for me to withdraw. They even stated they were FSA registered and CYSec registered, both of which turned out not to be true.
Just to be clear if they do allow withdrawals those are taken from your capital and not from any profit that you make. All of the profit made on my account was either "lost" or certainly never materialised in my account.
The insurance is also not as sold. I had 6 trades open that they "sold" as they said it was insurance money and therefore the trades were not mine. I had a long conversation stating I did not want the trades sold but they sold them. Just to add insult they " dismissed" my account manager and therefore " wrote off" the conversations that were had prior to the new manager. The new manager then ask me for 10k to recover the account. The account was left with 65$, I then traded that up to 101$ ( min withdrawal amount) so I could make a withdrawal. Before I could make a withdrawal the company made trades losing them all and taking the account to $19. The level of greed here is truly disturbing. I have the names involved in this and I will be enthusiastically pursuing this injustice.
The long and short of it that I am $16500 out of pocket with the company still asking for more money. Many different assurances were given but none of them turned out to be true. The scars from this run deep but the best way to level this playing field is get these companies closed down. I have in-depth details of trades conversations and other contacts. All of which lend weight to the fact that this company had no intention of making any money for me to withdraw. They even stated they were FSA registered and CYSec registered, both of which turned out not to be true.
Just to be clear if they do allow withdrawals those are taken from your capital and not from any profit that you make. All of the profit made on my account was either "lost" or certainly never materialised in my account.
The insurance is also not as sold. I had 6 trades open that they "sold" as they said it was insurance money and therefore the trades were not mine. I had a long conversation stating I did not want the trades sold but they sold them. Just to add insult they " dismissed" my account manager and therefore " wrote off" the conversations that were had prior to the new manager. The new manager then ask me for 10k to recover the account. The account was left with 65$, I then traded that up to 101$ ( min withdrawal amount) so I could make a withdrawal. Before I could make a withdrawal the company made trades losing them all and taking the account to $19. The level of greed here is truly disturbing. I have the names involved in this and I will be enthusiastically pursuing this injustice.