Date:Thu Nov 21 2024Tokyo:15:29Sydney:17:29New York:1:29London:6:29CET:7:29
BinaryOptions.net Forums› Beginners Questions
GOLDEN RULES for NEWBIES/NOOBS "IF YOU ARE NEW READ THIS FIRST!"
lotzofbotz
Posts: 1,552 ✭✭✭✭
Posts: 1,552 ✭✭✭✭
Rules to follow starting out so you don't get scammed - These are important as this is where most fail with signing up to a new broker.
Rule #1 - Never invest money you can't afford to lose.
Rule #2 - A broker makes money when you loose, just like a sports book.
Rule #3 - Never allow a broker to trade for you. Remember Rule #2.
Rule #4 - Start trading with a demo account first to prove viability and learn how to trade.
Rule #5 - If a system/software/bot/trader requires you to deposit/use real money don't do it. It breaks Rule #3.
Rule #6 - Never accept a bonus that requires turnover and traps your money from being withdrawn.
Rule #7 - Always trade a percent of your account, a small percent to manage risk and maximize profits.
Rule #8 - Check this thread about complaints before choosing a broker: http://forum.binaryoptions.net/categories/scam-watch
Rule #1 - Never invest money you can't afford to lose.
Rule #2 - A broker makes money when you loose, just like a sports book.
Rule #3 - Never allow a broker to trade for you. Remember Rule #2.
Rule #4 - Start trading with a demo account first to prove viability and learn how to trade.
Rule #5 - If a system/software/bot/trader requires you to deposit/use real money don't do it. It breaks Rule #3.
Rule #6 - Never accept a bonus that requires turnover and traps your money from being withdrawn.
Rule #7 - Always trade a percent of your account, a small percent to manage risk and maximize profits.
Rule #8 - Check this thread about complaints before choosing a broker: http://forum.binaryoptions.net/categories/scam-watch
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Comments
It would be okay if they charged it after 6 months or so but now they charge after
only 2 months. But all you need to do is to sign in and take a trade once a month and
no more fees are charged.
Check their fees here:
prntscr.com/cflvjt
It increases with time. It is important to stay updated with their terms and conditions.
I am a beginner. I am having a problem choosing a right broker or rather REAL broker, any suggestion ?
How about TOPOPTION from UK ?
I had been investigation possibly dipping my toe in the water with binry trading and I recently registered with a company called CFDstocks ( www.cfdstocks.com ) . Pacific Sunrise UK LTD Communications House, Moston Lane, Manchester, England M40 9WB
I completed the sign up details and I have found that they have taken £250 out of my bank account. I wasnt aware that they were going to take money from mmy account and so I have submitted a withdrawl on the appropriate page on their website. I was then sent an email stating that they needed to verify my account before they can authorise the withdrawl and have asked me to supply the following details
In order to verify your account, we need you to send the following documents:
1. Passport / National ID / Driver License (with picture).
2. Utility Bill showing name and address (not older than 3 months)
3. Front & Back copy of Credit Card used to fund trading account (Please show on the front the first 6 digits, the last 4 digits, name and expiration date. From the back please cover the CVV code and show the signature)
4. Fill in the deposit(s) in the Traders Declaration Form (attached on this e-mail)
I have pointed out to them in an online chat with a supposed customer support person on an online chat that they did not need any of these details before they took my money. The person on the other end of the chat wouldnt give me any alternative details and ended the conversation - I havve coped the conversation if that wouild help
I am of course very wary of suppling any personal information such as they have asked for .
Also none of the UK phone numbers on their work and I have also tried to call them back on the numbers they have used to call me after I registered.
I have now stopped my card at the bank and I am very concerned that I have been scammed.
Can anyone offer any advice
if I were you, I would have been extremely worried and alarmed and contacted their representatives, support and everyone I could reach immediately and better to do it on phone, cause it is far more personal and you will totally get it if another person is lying to you, don't you.
when someone is stopping to answering your concerned questions abruptly that is just a shame, cause that is their job to make sure that you understand everything and cutting on point. you are the Client, for god's sake... they are the one who should be offering to help you and trying to reach you, totally not the other way around!
To be honest, I think you can forget about retrieving your money in any near future, but at least now you know that they are not to be trusted. Also, I heard that if a broker is regulated, you can claim a compensation from authourities, but not really sure how to do it. Maybe more experienced people here can give you an advice how to punish a scam broker.
Have you for a second thought about all the scams that you never see thanks to us? Probably not. You think the only spam you see are the ones you find... guess again, we remove hundreds of them. The problem is with the forum itself. There needs to be a filter which stops people from making 200 comments within minutes of registering here. I'm sure some of them even use robots to post 200-400 comments in minutes. I have already brought up the problem many times and it is being worked on by the admins.
But as I said, that's not the real issue with you, it's something else. I'm sure we will find out in time!