Big option SCAM too many complaints
Comments
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Leeh said:
I've already registered with them,they have my banking details buy I haven't deposited the money yet,what can I do to protect my money or to prevent them from taking my money....please help now am worried because of your comments about this broker
Do not accept any bonuses from them. Do not make trades using their platform. Deny them access to your account. Do not believe any of their brokers ever. Put in enough money to make a withdrawal for the full amount (they only do withdrawals above 250). Find other, better investment options. -
If they are in Israel (Tel Aviv) it's a very dangerous place, we can make their birthday with the russian mafia for Daniel Buckley, Peter Thompson and all the gang. I am serious, make a clean up. Loose money but for something.
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BigOption scam broker be warned
I have been conned Big Time by BigOption. I opened an account through a broker with £30000 (yes £30000) which was supposed to be invested in long term retirement fund. Without any written agreement for the account and the account not verified the broker traded on sixty-second trades and binary options. She took bonuses to the tune of €83000 none of this with my permission. She failed to answer my calls. The compliance department blocked the account only when the broker S.L. had left about €1285.25 in my account. She had been allowed to trade for nearly 3 months when the account was not verified without my agreement.
I had no support from their support department. The support department said she had the authority even thought there was no written agreement to that effect.
I had a previous account which the broker had authority but she even ignored the instructions of trading using only 7.5% maximum of my account balance.
She convinced me to open a second account solely as a corporate retirement but she had no agreement to trade or any agreement to take bonuses.
I did not give her details of the account she gave me the account. The support department said she had every right to trade even though the account had not been verified.
I thought they were regulated; obviously I did not do my homework. Please WARN other vulnerable people about this trader as I have lost most of my pension.
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You know im sorry you lost your money, but WTF were you thinking you lost your pension, are you in the US? If not ill be quiet cause i have no clue what to say, but if you are jesus fing christ so many red flags, and im guessing even in Uk same red flags. I wont be a dick let me ask you what was the reason you dumped 30,000 k into a unknown ?? Be honest ill do a vid and share more and more often im seeing people dump huge amounts of money into scams, I would love to know how they talked you into it, and what made you think it was legit. PM me if you dont want to post here, I would like to know to help others, and how they reeled you in.
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Bryan
I have always received calls from the UK (066) today I have received call from USA (State New York) the phone number is (917) 775-0325 I am from Canada and I have talk them, they stolen me more than 30 000$ US, what you suggest me: FBI, Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA).
WE HAVE TO STOP THEM
BigOption is not in UK or in Israel and we must to stop them. Maybe we can do a class action to bring down BigOption -
I have been SCAMMED by BIG Option since my account was opened late Nov 15. PLEASE PLEASE any new potential investors do not join this fraudulent company.
I initially opened the account with £1000 and the account manager made a claim that the binary options day trading would result to around £30 per day increases on the account. BIG LIE. Well it was true for a week ( i then reaslied thats what they do- try and make your account look like huge gains and ask for more money) and then I got a call from a Daniel "somebody" who made this big claim that there was going to be a huge trade happening on the Friday due to the US announcement about employment rates. Everyone was going to make huge gains for the following Monday..Stupidly I gave them another £750. I noticed on the Friday no trade had been made. Monday came- no follow up call to tell me how much wonderful money I had made:).
Basically they took the money and maybe they did trade with it- but it wasn't given to me!! When I complained to my Broker he said to me "what are you complaining about- we are going to make lots of money every month" and placed the £750 on a long term trade for exit on 30/12/15 which made a loss. Another long term trade ( which by the way was not explained to me that that is something that would happen on the account) of £450 was opened for the same date ( 30/12/15), which according to them was also a loss.
Also, in general so many "losses" - sometimes 5 losses to 1 win. When I made a complaint to the account manager in the new year he ignored me, (of course). I made the bold move to try and make a withdrawal of £1000 back onto my card. First thing the next morning the withdrawal was rejected (surprise, surprise(!) was sent an email) and there were two trades made all of a sudden that morning £500 each at a loss!! All the emails came together to tell me all of this by the way- so sly.
I question whether they are making losses when they say they are and actually making money on the account and keeping for themselves. And this was really strange -when the account was opened I got sent sent two different account numbers via email at the same time. Only the one i eventually used worked. Just wonder if they gave me the "pretend" account and they were working from the other.
I have contacted my credit card company to see if I can raise a dispute and get my money back- but these things can be difficult.
I would be very interested if any of you guys want to form a group to see what we can do about getting them closed down? Strengths in numbers as they say:)
Thanks for reading -
Did you open a complaint with Forex Peace Army?
http://www.forexpeacearmy.com/community/pages/traders-court/There was an error rendering this rich post.
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Thanks for your feedback BryanMac and Lotzofbotz. I will have a look at the link and file a case. Will keep you posted
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My story with BigOption differs from all those I've read so far. I decided to open an account with this brokerage firm in 2013 and it was only 2 years after this platform launched. At first I was skeptical not due to the broker but due to this whole industry. As I am an adventurous person by nature I was willing to try. I started at the minimum level, of course I am adventurous not stupid. I invested only $250 in order to try the platform and to see how it works. After exactly 6 months as long as I can recall my $250 grew to $1000. It's not much I know, but it was all part of my experiment. At this time, I was not interested in trading large amount of money. I was just looking for some skills and experience.
In 2014, the platform was awarded the reward of the most reliable broker of the year. I was still not convinced of their reliability even if the award was given to them by FX Empire. However, I wanted to level up my game. I decided to inject an additional amount of $1000 to my account to benefit from a higher bonus and all the fringe benefits that were associated to the new account I possess. Again, I adopted the same strategy, the maximum investment I allowed myself for each trade were of $150. I did not go beyond this amount because I did not want to loose all my capital in only a few trades. I was also allocated an account manager who was very prepossessing so I did not have any problems at this level.
Nowadays, I come across many bigoption bad reviews and bigoption complaints and I do not understand. I trade with this platform since 2013 and I did not pretend that I've never lost a trade. But I never encountered such problems as you guys are describing, sometimes I even wonder if we are talking of the same broker. Anyway I hope that you will all find a way to solve your issues. For my part I am still a trader there and I have no intention to switch soon. -
I would never let anyone trade on my behalf, sadly there are so many scam brokers and their complaints these days and I thanks God that I am safe with OptionTrade. I guess they are doing good.
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Are you sure that big option scam is legit? I have my money invested on this platform. To be honest I nerver had any problems with my account manager. I think that all your experience are the same, I mean you have all decided to invest more in order to earn more money. Let me tell you what I learned from binary options trading. The biggest enemy of a trader is his greed and I see that its the common factor of all your troubles. I advise you guys to search for some big option broker review to seize all the opportunities that this platform offers and also stop spending so much money.
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I understand that you may not trust me as I was in the same situation a while ago. Besides, at first, I also thought that big option scam was true due to many comments that I read on Forums and reviews sites that made me think so. However, my friend started to trade with this broker and kind of convinced me to join in. Hopefully, as I said in my previous post, I am really having a nice experience with them. I would like to add that binary options trading do bring headaches as it is a volatile sector where sometimes you inevitably lose money. But at the end of the day, the question traders have to ask is, whether the loss is worth the gain? I will not lie, for me it is and I sincerely think that this type of trading is great once you find a reliable broker. I think that you should not put all the brokers in the same basket as up till now my payouts are okay.
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I had a pretty good experience trading with Interactive Option. True, the withdrawals aren't always on time and yes, the salespeople are pushy, but their financial advisers helped me place some really profitable trades and the pay-outs come eventually.
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BIG OPTION IS A SCAM I LOST IT ALL GOD HELP ME I NOW HAVE TO WORK FOR THEM AS A SPAMMER!
Let's cut the chase and spit the truth about this binary options broker. Just like most of the complainants here I was once in a situation with BigOption that wasn't pleasant at all. The lack of support led me to lost around £4,500 of my hard earn money. I couldn't bear the fact to lose so much money with an online money making platform. Therefore, I conducted my own research and gather a few user reviews & user complaints regarding this broker. Although there were many reviews and complaints, I could not tell the reliability and the legitimacy of it all. I even spoke to a few other broker and did some comparisons. In vain, I decided to contact BigOption one last time to see if they will help me recover the money lost.
Is BigOption a Scam?Yes they are but I decided to try to BS this forum with spam and was caught and will be banned. Anybody that says lets cut to the chase sounds like a douchebag FYI... Forgive me for wasting your time here is a good resource for you...
http://binaryoptions.net/binary-options-signals/
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I originally signed up with "Goldigger" a company offering a "automated software application" capable of scanning the gold market for the best option opportunities and boasting to have a >90% success rate. This offering required the decision to go with BigOption or another Broker. Unfortunately (and without doing any research) I decided to go with BigOption. I transferred the minimum $250.00 to get started. Shortly thereafter, a number of (binary option) Brokers bombarded me with calls and sales pitches and telling me e.g. that BigOption is notoriously known as a unreliable company and that I should'nt be working with them etc. At that time I realized that this "System" was geared towards "binary options" - a concept which imo is far from being successful as claimed by "Golddigger".
Once I realized what I got into I immediately requested BigOption to refund the $250.00 I transferred. At first I was prompted to talk to my account manager in order to sort things out (i.e. to talk me into continuing with this option stuff!). My response was: Please respect my decision not to engage in respective trading and to refund the $250.00 I deposited.
"Viktor Bogrov, the "Senior Account Manager" answered: "If you would answer and act like a grown up man and not like a kid you would have your money back few days ago".
I ultimately got a $190.00 refund. I have no idea why this costed me $60.00.
My recommendation: Goes without saying!
Oliver J. Peter
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Big option are con merchants. I deposited the £250 and an account manager rang me up the next day and was trying to get me to deposit £10000 even though I'd specified I was a beginner. When I said I wasn't comfortable and didn't want to do this anymore. He (Frank Melvin) who spoke broken English and kept referring to me as "Williams" (my surname) said he would recommend some trades with the £250 and we would make a small profit before withdrawing the funds. Predictably, it is 3 days later now and the £250 is now worth less than £100, so I suspect he has just recommend funds that would just drain my account. Avoid at all costs unless you like being a mug and taken for a ride like I was!!
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Stay away from bigoption. Conmen. They said the minimum deposit was £250 so I reluctantly did this amount.. Then an account manager who spoke broken English and went by the name Frank Melvin and also referred to me by my surname (Williams) throughout the conversation tried to get me to invest £10000 even though I had already expressed that I was a beginner. When I confirmed that I didn't feel comfortable waging that much and said I wished to withdraw the £250.. He said he would direct me to 3 trades and then I could withdraw the funds... This was 3 days ago and there is now less than £50 in the account. I'm guessing he has just put them in losing shares to gobble up my money.. Don't believe what they say to you.. They are a scam!! Avoid.
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Hi there,
I am desperately looking for help,
I deposited $250 as an investment into BigOption's account, they have sent me documents to complete and are asking for all my personal details, proof of address, copy of ID or drivers, credit card details etc... after reading all your comments (which is extremely helpful thanks)I really want my money back. How do you recommend I do this?
I am from South Africa so $250 Is a huge R3850!!! This is my whole months Rent. I know it was a stupid mistake but I am trying to make extra cash and I saw an article about a woman based in PE who made over R65 000.00 month with BigOption. I don't have the money to throw away.
:-( so heart broken right now.
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Thanks,
I contacted my banks yesterday, they cannot get my money back. I may just have to accept what is done is done. my only concern now is, have you ever heard or know of BigOption taking money out of accounts without consent?
I need to know whether I should cancel all my accounts now.
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Hi there,
I applied for a chargeback from my bank account but they say they cannot do that as I already authorised the payment.
I requested a refund from BigOption and they are requesting that I continue the accounts process (handing over my personal details, drivers license full residential address copy of credit card etc) I am really worried about them taking money out of my account instead of putting money in,
Can you advise if you have heard them do this before? -
Leela - I would advise - CANCEL your cc. Go to your bank and tell them you lost it or it is stolen. Let them issue you with a new one. You will not get your $250 back, but at least you will be able to sleep at night knowing that the possibility of them taking more is non existent.
Banking Institutions in the RSA is full of crap. I'm sure they told you that the only way they can reverse the transaction is a total of three things that must happen: ONE: The account the money is deposited into is still active. TWO: That the account has sufficient funds in it to be able to reverse. AND THREE: (and this is my personal favorite) That the account holder needs to give their consent!!! We know that the first two steps will not be a problem - but that third is a MotherFkr. Pardon my French. Not even Banking Intelligence in the RSA will be able to assist you. Sad but true.
Things work differently in other parts of the world. It seems that doing a chargeback for instance in the States is a hell lot easier.
I feel for you - but better to lose $250 than to have even more debt added on. Stay with this website and study the articles and forums. Feel safe that there is no BS here. The moderators here are honest. If you have questions about ANYTHING....brokers, signals, trading, etc then ask away. You will get trustworthy answers to your questions BUT like anything in life, research them yourself too. Then you will be able to make better informed decisions in the future. -
Scam, yes it's real scam. You never get to withdraw your money, nor make any profit. Don't fall in the trap and believe all this misleading information. The only two people who make money out this program is the owner and his employees. They are enjoying and living from your money and money from other Dumbs.
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I have to agree with zippydoo. I guess why I felt for their scam was the phone call and email I received from one Mr. Bob Miller, my initial account manager. Next thing I found myself in is being passed from one compliance personnel to another (from Mr. Hart then to Mr. Gray) ... then I received another email from a Ms. Amando, in which she introduced herself as my account manager. With exchange emails, but after I've submitted the documents their compliance section was requesting, I haven't received any response since. I've invested $501.00 in their so called company, and now I feel I've been ripped off with the possible of stealing my identity.
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Big Option are a complete an utter scam! They harass me to trade large amounts of money and continued to ask me to deposit more money. When I finally said I want to withdraw my money they told me it is bonus money and I can't!!!! Even though I have an email from the 'expert' broker saying it is risk free and I can withdraw my money at anytime they hit me with this restricted bonus money!!! Then they say its in the bonus terms and conditions which I have never seen!!! Don't trade with them and don't believe their get rich quick theories......they lost alot of big trades for a bunch of experts!
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Big option - In loss of US$4000
Jhon lewis - from bigoption . I only invested US$250 through registering the credit card details in their autorobot page .There you wont see that your card details saved.They have the main web page , in that page only our card details saved . Before I know this , JOhn lewis charged us$4000 from my card . when I received sms from HSBC , i tried to call them to stop but 2 hrs HSBC cant reachable ( EVEN Emergency number ; LOST card ).When I proved through phone bill also the HSBC did not agree for their negligence .
To Big option I wrote many emails , still fighting to get back the money . In one conversation , they scold me with bad words for my withdrawal option - I do not know where to complaint..
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Kannan- singapore -
After harsh conversation for my money they send me back one funny email- that meaning like this -- as per your phone call we reviewed and giving you a bonus amount of $1500 in your account -- but you can't get back even $1
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Robbery - in short
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this is so heart breaking about BigOption. Through reading comments I have realized that, I need not to deposit another 250 USD. According to BIGOPTION expert trader he needs another 250 usd so that I can be put into gold card category which will result into my trades making me magical income at the end of the month. thank you for opening our minds. I have came into peace with the fact that i have lost my 250usd
Can you please help, which brokers among the thousands of brokers that you can recommend or can one suggest that i can try on my binary trading start.
How do I check if a broker is legit or at least legally registere to a certain finacial board.
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you are so full of sh**t. if the broker is regulated and there is a problem we don't need you, if the broker is scam then you are complicit.jennymorgan said:Getting my funds back from a broker i traded with was a big problem until i discovered john who helped withdraw my funds,and that was after loosing $30,000 in a month.and now, i even make $10,000 in a day trading.i discovered most people find it as a problem now to withdraw their funds or have a problem in trading.i enjoy telling people about john,because of what he did for me and my family.if you have any problem of withdrawal of funds,please contact big john stud for help.
