Date:Sat Nov 16 2024Tokyo:10:43Sydney:12:43New York:20:43London:1:43CET:2:43
BinaryOptions.net Forums› Brokers
CT Options Rips Me Off Again!
This is to anyone thinking of joining CT Options. I deposited $1000 about 5 months ago, and although I trade periodically, I pretty much was at $1000 as of about a month ago. I know this is THE Go-To site for people looking for brokers.
1 - I noticed that they manipulate price when you martingale, and are at your 3rd or 4th trade. They did that twice to me. Once in around November they gave my money back (over the 5% maximum trade they allow), and the other time they didn't as it was under 5%.
2 - About 1 month ago, I placed a trade worth $280. I trade off of candlesticks, so this particular trade was based on 5 minute candle, for a 5 minute trade. I ALWAYS trade at the very beginning of the candle (match it to the second). So in my particular case, I purchased a PUT option because I thought the next 5 minute candle was going to go down. And I was right. However, the last 5 seconds on the platform the price shot up, and took me out of the money and I lost. Alex Moreno, who is the WORST rep on the planet, didn't explain why that happened. He basically said theres nothing they could do.
3 - About 2 weeks ago, I decided to play with the binary options replicator thats offered with CT Option. I only replicated $5 trades just in case they were wrong. I replicated 3 traders, all who had win% over 70% and had that consistently for a few weeks. I left it on for the night. When I woke up the next day, 1 out of the 3 traders had made some really bad trades, and I lost over $100. I turned that replicator off and left the other 2 on. I left those 2 on for a few more days, and as I was busy with work, i didn't check on them. I came back couple days later and my account had dropped to $783 (lost over $300 in 2 days). I wasn't surprised, and luckily it was money I could lose. So I decided that this replicator system is likely a scam, and I stopped trusting CT Option. So I TURNED OFF ALL REPLICATORS, and decided to withdraw all of my remaining account which was $783.
Couple days later, I email Alex Moreno to see what the status of my withdrawal was. He said I had no money in my account to withdraw! I was SHOCKED! He said I traded the entire $783 away when I hadn't even touched the platform since I requested the withdrawal. i told him I turned off the replicators, and requested a withdrawal. He hasn't responded to the past 3 emails so this is the best I can do for now.
STAY AWAY FROM THESE SCAM ARTISTS! They'll be good to you in the beginning, but eventually they will EAT YOUR MONEY! My Advice, go to another REGULATED broker thats likely promoted by sites such as this one.
For those who think this might be a fake review, then you can add me on Facebook - Huzaifa Farooq. I had a trading group, which I no longer manage due to work commitments. For all else, you can PM me, I will respond. I can send screenshots of conversations, and screenshots that I sent Alex Moreno, which he didn't respond to.
Thanks and hope people see this before depositing with CT Option.
1 - I noticed that they manipulate price when you martingale, and are at your 3rd or 4th trade. They did that twice to me. Once in around November they gave my money back (over the 5% maximum trade they allow), and the other time they didn't as it was under 5%.
2 - About 1 month ago, I placed a trade worth $280. I trade off of candlesticks, so this particular trade was based on 5 minute candle, for a 5 minute trade. I ALWAYS trade at the very beginning of the candle (match it to the second). So in my particular case, I purchased a PUT option because I thought the next 5 minute candle was going to go down. And I was right. However, the last 5 seconds on the platform the price shot up, and took me out of the money and I lost. Alex Moreno, who is the WORST rep on the planet, didn't explain why that happened. He basically said theres nothing they could do.
3 - About 2 weeks ago, I decided to play with the binary options replicator thats offered with CT Option. I only replicated $5 trades just in case they were wrong. I replicated 3 traders, all who had win% over 70% and had that consistently for a few weeks. I left it on for the night. When I woke up the next day, 1 out of the 3 traders had made some really bad trades, and I lost over $100. I turned that replicator off and left the other 2 on. I left those 2 on for a few more days, and as I was busy with work, i didn't check on them. I came back couple days later and my account had dropped to $783 (lost over $300 in 2 days). I wasn't surprised, and luckily it was money I could lose. So I decided that this replicator system is likely a scam, and I stopped trusting CT Option. So I TURNED OFF ALL REPLICATORS, and decided to withdraw all of my remaining account which was $783.
Couple days later, I email Alex Moreno to see what the status of my withdrawal was. He said I had no money in my account to withdraw! I was SHOCKED! He said I traded the entire $783 away when I hadn't even touched the platform since I requested the withdrawal. i told him I turned off the replicators, and requested a withdrawal. He hasn't responded to the past 3 emails so this is the best I can do for now.
STAY AWAY FROM THESE SCAM ARTISTS! They'll be good to you in the beginning, but eventually they will EAT YOUR MONEY! My Advice, go to another REGULATED broker thats likely promoted by sites such as this one.
For those who think this might be a fake review, then you can add me on Facebook - Huzaifa Farooq. I had a trading group, which I no longer manage due to work commitments. For all else, you can PM me, I will respond. I can send screenshots of conversations, and screenshots that I sent Alex Moreno, which he didn't respond to.
Thanks and hope people see this before depositing with CT Option.
Comments
By Fares -
CTOption SCAM FRAUD
Yes CToption are BIG SCAM, be careful of this binary options broker, it is a THIEF, You will not get your money from them, the money you deposit are no more yours.
I opened an account with CTOption with 250$ at the beginning I was trading alone, wining sometimes , loosing others, a person from Bahrain from CTOption called me, his name is Alaa Karam he told that he is my account Manager and told ma that we can work together and make profits,i DID NOT TAKE bONUS, I agreed and I gave him the password of my account, so he made some trades, won some money...then he called me again and told me that my account is very small and CTOptin is a big company and it is not Begging and will not work with such small accounts, so he suggested that I add at least another 250$...so I did, I added 250 more...after one day, he called me again and told me that my account is at risk because it is small...and asked me to add more money... I didn't I told him that I don't have more.. and if it is dangerouse , we can stop working..that s simple. but I found that he put all my money in one trade...
Lucky we won that trade and I have 970 $ in my account, I wanted to withdraw 350 $ , I tried to call him via phone, email..live chat and every possible way but no respond from Alaa Karam, my withdrawal was rejected, I placed another request, it was rejected again and again and again,I changed my accounts password, the last time I requested to withdraw 970 $, for two days it was Pending request, on the last day I opened my account... I found that it was 42 $ !!!...he linked it with a replicator and made it loose all the funds while there still a pending request for withdrawal of 970, yes Alaa Karam stolen my money, and CTOption are thieves, Fraud..don't trade with them. he wasn't trading for sure..AND BY THE WAY i HAVE TWO ACCOUNTS WITH THEM...BOTH SCAMMED faresoptions@yahoo.com and alnusair@yahoo.com
You can file a complaint with Cysec here:
http://www.cysec.gov.cy/en-GB/complaints/cifs/
Also, you can try this page(ESMA) which has instructions on how to go about in filing a complaint:
http://www.esma.europa.eu/page/File-complaint
You should prepare a folder case with every correspondence you have with them and a timeline of it. Try to be as accurate as possible, if you have screen shots of conversations on skype or proof of rate or execution price manipulation you should add it.
Regardless, you can check the possibility of a charge back with your credit card and posting on other community boards. BO operators don't like bad press.
a recipe for disaster. Lotz where did you get this guys pic from? I thought CTOption was owned by Infinicore Ltd. This just means that they
are incorporated and managed in England but not licensed to offer Binary Options in that country or any where else. I think a lot of these
brokers try to incorporate to give a misleading perception to potential investors.
http://www.financemagnates.com/forex/brokers/executive-interview-zacky-pickholz-ceo-ctoption-talks-about-standing-out-among-the-binary-options-crowd/
one. Lately I agree the conduct says it all . Fake company, quite a few people told me about price manipulation and awful
experience on the replicator. I wanted to believe in the message of that article so bad when I read it 1st but if this keeps up I may have
to join your band. First MF who BTW offered to pay me for a good review back in the day and now lots of negative feedback here on
CTOption. UGG, I hate the new Forexmagnates design ( slow and scattered ) but again maybe I am just getting old.
Deromra Tob
Bot Armored
Deromra Tob
Bot Armored
If people would just use normal common sense most of these questions can be answered. However for whatever reasons when it comes to trading BO, Forex what have you our common sense goes away. Take the 5% rule CToptions has as a max trade for accounts under $1500. If they really cared they would just create a option for the trader so the trader themselves could lock out of trades more than 5%. that's what they could do if they cared.
Also don't belive this copy trade set up they have and also every broker using SpotOption has it's all rigged . the brokers themselves put the values in they want to see and make it look like a trader has a 70 or 80% win rate they don't simple as that.