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In this devastation, I was relieved to know that I had co-incidentally created a safety-net for our family and I thought that this must be confirmation that I had made the right decision — I was meant to meet Kevin. When I made a request to withdraw some of my savings, Kevin contacted me to convince me that it was perfect timing to do some last minute trades to maximize my withdrawal.
After that last trading session, I tried for weeks to get in contact with Kevin who was suddenly never available to talk to me. Eventually it was explained to me that since I signed a bonus agreement at that point, and only then were the terms and conditions I was agreeing to clarified. After bonus money was pushed into my account, no funds could be withdrawn from my account. I was told that my investment would have to climb to an impossible amount before my funds would become liquid again.
Basically, the savings that I believed I was accumulating were locked away from me as if they had been stolen. It took me some time, but after I did a bit of research, it seemed that my suspicions that I had been taken for a ride were more and more likely. I needed to start to accept that I had lost a lot of money and start making plans for my next move.
The financial pressure was on and I was forced to take loans from the bank as well as family in order to deal with our situation at home. To add to our load, we also started to accumulate debt. Those were the most stressful months of my life. It was impossible to protect my family from the impact of the crazy mess we our lives had become.
We started feeling exhausted, and worried about how to face more expenses and how to ever pay off so much debt. In February this year, a close friend of mine introduced me to her cousin who had an experience with Binary Options that was similar to mine. He went through lawyers who helped him claim back his money. I had been made to feel like it was my fault and as though I had signed away my money fair and square.
However, this was not in fact the case. The moment I deposited money with Kevin, it was stolen from me without my even knowing. I am so thankful to be able to say that last week Thursday, all of my stolen funds were paid back. The organization that represented my case talked me through the process and kept me updated every step of the way. It took about 8 weeks for the entire legal procedure which ended in the company who were revealed as scammers reimbursing everything that I had lost.
My story could have ended very differently if I had not decided to fight back. I hope that more and more people will become more aware and not be as easily manipulated as I was by Kevin. I also hope that people will not just allow people like Kevin to get away with such heartless and greedy crimes.
I hope that my story is a warning to be cautious. Wise words. My advice is try a decent site that has a demo. You can spend a good few months there and learn from mistakes. If you can stay patient and calm on a demo account, you will learn a lot.
Just never listen to anyone else, especially any account managers Who are really just salesmen when it comes to your own money. Try for yourself first and wait until you have an understanding of as many aspects as possible, and your demo track record is as safe as you feel comfortable.
For beginners, I would highly recommend starting a demo account and learning the fundamentals until you feel comfortable enough to invest with real money. Thank you. Hi all…. Binary can be can be a method of trading the financial markets. When done in the right way. The problem that arises with binary is the marketing and advertising of these. Whereby many people are jumping at the opportunity to make tons of money quick!
That is basically a ploy to hook people. Research learn and you could be a trader which is extremely risky no matter the form or method chosen. Hi, I agree with you on some things, but I disagree on others. For example I think that the majority of brokers are unregulated and not trustworthy. Only the minority is trustworthy and regulated. So you are basically predicting price movements the same way. The only thing that differs is that you are time limited by the expiry, meanwhile with other investment tools you are limited by price movements stop losses, take profits.
I registered with a scam broker and was tricked into putting in money, they also attempted to take money from my card without my consent. I had to hire a solution professional to recover my money. Capital de Binary got somebody who is close to me into big trouble. I want to warn everybody. They took her in with nice talk. After her first deposits she was able to withdraw some money for 2 times so she began to trust them.
They published very nice profits on her online account and said they did an excellent job in currency trading. I think they used this to attract even more money. They promised the money was save and insured on their account. After she asked to withdraw half of her originally deposited own pension money her profits at that time were hitting one million!
Has anybody more info on these guys. Are they criminals? Is it even a company? The bank accounts were on different names…What are the options now? I was intrigued because her trading tips were awesome and it gave my trading great changes. You can trade with the best broker and get a working strategy and recoup your lost investment. One evening, I received a call from this binary option company, with sweet words of how my investment can be doubled within a short time frame.
He did not explain to me what that document was and as I was directed to the document, the robot took over and signed the document on my behalf. It turned out later that was the very important Bonus Statement with conditions that restrict withdrawals. I will forever be damned if i did not take the opportunity of recoverying my money. Binary Options is not a scam just make sure you invest with a legitimate company.
Good article that DOES tell the truth about binary options where the need for luck is pointed out. I have a trading experience with few binary companies. Some of them are regulated, some of them not. But the bottom line is all of them are a scam! So, alternatively, I found a company called ScamConsulting SCC, that specializing on withdraw stolen funds from those conmen.
To my surprise and happiness, in 5 weeks time, I received a call, SCC representative asked me about my account details, so the money can be transferred to me. It was just one lucky event with me, regarding the whole story with the trading. Came across to them while looking for a company, that could assist me with retrieving my stolen funds from BinaryUno.
Hope for their legitimacy and ability to stand the promises. Will let know about results. Your email address will not be published. How does Binary Options Trading work? Recommended Binary Options Company:.
Share this post:. After working many years in the website marketing industry, he decided to take on blogging full time and also get his finances headed in the right direction. When it comes to binary options, picking the right broker is essential. The FBI and the U. Department of Justice have also issued reports warning investors of the dangers of binary options fraud, especially from unregulated offshore entities in Israel and Brazil.
Choose your binary options trading software wisely and look through the list of online binary options brokers to ensure the best chance of success. Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices. A subsidiary of Futu Holdings Ltd. Securities offered by Futu Inc.
Moomoo is another great alternative for Robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free Level 2 quotes.
Get started right away by downloading Moomoo to your phone, tablet or another mobile device. This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.
Tastyworks is a sophisticated options and futures broker aimed toward experienced traders. The platform was designed by the founders of thinkorswim with functionality and precision for complicated options trades and strategies. Tastyworks offers stocks and ETFs to trade too, but the main focus is options. Webull, founded in , is a mobile app-based brokerage that features commission-free stock and exchange-traded fund ETF trading.
Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. You can make the argument that the simplicity of binary options makes them safer. On the surface, a binary choice means that the option buyer has a chance of winning. You may also argue that the so-called simplicity is a farce — probability is playing a trick on unsuspecting retail investors to take their money.
There is no shortcut to making money. No market maker is going to set up a market that is unprofitable for him. There is an advantage to binary options, however. Without going into the details, your odds on a binary choice are not really Everyone gets smart tools for smart investing. Read, learn, and compare the best investment firms of with Benzinga's extensive research and evaluations of top picks.
Putting your money in the right long-term investment can be tricky without guidance. Benzinga details what you need to know in If you're looking to move your money quick, compare your options with Benzinga's top pics for best short-term investments in The best investing decision that you can make as a young adult is to save often and early and to learn to live within your means.
Check out some of the tried and true ways people start investing. Benzinga details your best options for Learn how to invest in marijuana stocks now. Compare our top recommendations for brokers and find your match to start trading today. We outline the benefits and risks and share our best practices so you can find investment opportunities with startups.
Lyft was one of the biggest IPOs of In this guide we discuss how you can invest in the ride sharing app in Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. Best For Advanced traders. Overall Rating. Read Review. ET and post-market hours 4 p. ET No minimum deposit to open an account.
Active trading community with more than , app users. Cons No phone or chat support.
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