Problem VIP-Cititrader Scam - Spotoptions too?

[ai007]

I agree, update on some important details will follow shortly

 

[ai007]

Another important question is the role of platform provider. In my case it is spotoptions, which is bound by the CYSEC regulations. Don't they require to ensure compliance of their brokers and affiliates to some basic norms which are legal and somewhat fair?

 

[Pharaoh]

It may be worth having a chat with SpotOptions and Cysec over this.

 

[ai007]

Anyone from cititrader, please let us know if you think my analysis is not accurate and why?

 

[Pharaoh]

CitiTrader seems to have given up on replying in the forums. Maybe a Traders Court case will get their attention.

 

[Master Yoda]

even when they did reply here, it was leading for nowhere

 

[ai007]

A good article, hopefully my best bet for now is British Virgin Islands FSC. I will update for more details shortly

Binary Market Analysis : Untangling Binary Options Regulation

 

[initt2winit]

I am very happy to say that all of my funds have been returned and my issue resolved.

 

[ai007]

CitiTrader seems to have given up on replying in the forums. Maybe a Traders Court case will get their attention.

It is sad, very sad to have to get to this point. For a month I posted on others posted scam reports but without luck. Now had to start my own.
I know its their way to strip people of their hard earned cash. But what would you call this, when someone in broad day light, threatens you in your face and then skin you off of your investments, brutly but carefully peels off what was yours, puts in the pocket and walks away laughing at you. I was reluctant posting the details earlier but I see no fun holding that back either. I will shortly post the facts.

 

[ai007]

Phillip Baron from cititrader also seem to have managed TraderXP managed account.

Phillip Baron | LinkedIn

Also refer to the link
http://www.complaintsboard.com/?search=cititrader