Got scammed by Cherry Trade for $20,000

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  • burntbybinaryoption
    burntbybinaryoption Posts: 1 ✭
    Got scammed by Cherry Trade for $20,000. The guy named Adam Chase is the biggest scammer of all. Binary Trading is no good. It is a big scam. Please stay away from any thing binary trading. I am working with US regulators to get my money back but no luck so far.
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  • Kennyplanter
    Kennyplanter Posts: 1 ✭
    you are spot on botz. i just checked out the site (www.winchargeback.com/#!Is-there-such-a-thing-as-a-“Good-Binary-Option-Company”/a3kpp/57039a4f0cf2e0dbcac4d349 ) and there is an article saying that there are no good brokers which i disagree with. Yes there are alot of scam brokers and marketers, but a few like 24option and binary.com etc are legit. just a bit of research is needed to sort the real from fake
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  • pianoman1844
    pianoman1844 Posts: 1 ✭
    Finally, I thought to search the forums about Cherry Trade! You guys are confirming my suspicions that CherryTrade is indeed a scam. I recently found out GreyMountain Management owns CherryTrade by reading up on the Internet. This same company owns Glenridge Capital, which tried scamming me out of 181 in fees---and I received no value in service. I disputed it and even had Capital One put me on the phone with one of their reps, so I could "chew them out" personally for being "scams"---which was kind of therapeutic. I highly recommend it! Glenridge Capital at least refunded 'most' of my money, and the rest I got back by filing my dispute. A month later and they haven't responded. So here's the story on Cherry Trade in short...
    About 9 months ago, I deposited 500 and traded with it. I ended up gaining, then losing---but the software system didn't appear to ever cheat me. I talked with one of their "traders", and she was e-mailing me great trading tips--which I was trading in my brokerage account and making money from. That only lasted a month, and the trial period elapsed. No more tips. I noticed my account managers were changing out every two months in my e-mails coming from CherryTrade, which I still have by the way. I brushed my suspicions aside, and I was going to deposit 3,000 dollars. I was ignoring the obvious "bad deal" in their contract, where they give you "credits" you will likely never dig out in exchange for real federal reserve dollars. I did it anyways, and I even let the account manager, William Banks, talk me into depositing $5,000. The trade was a currency trade and was losing the entire week. Incredibly, the value of the Japenese Yen against the dollar turned my way in the last twenty minutes of a week-long trade! I was so relieved! I had already started to realize during the week I would get worthless credits I could never trade out if the trade went against me.
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  • gabman
    gabman Posts: 56 ✭
    seems like people join anything these days...this guy i was talking to told me he joined trade thunder...like trade thunder? wth!
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  • marthaike
    marthaike Posts: 2 ✭
    Please can someone share contact to me so that I might know much about the binary trade
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