I think these scam brokerage firms should be regulated and these companies should be held liable. I deposited $500 with CTOption and after I submitted the documents I requested the withdrawal of the $500, twice. Got an email saying that it will take 7 business days, twice.... Then, they connected my account to an automatic trader and lost all but $18. Today I looked at the account and even the $18 is gone.... I placed no trades whatsoever. I just wanted to close it the moment I opened it.
I did not login to Tradorax, another scam broker, account for a while.... I am looking at it, instead of $492 I have $9.50... Thus, once you put any money in they will make sure they will empty it.
There is another scam broker, GlenRidgeCapital where I invested $25K. Since I am not going to put more money in, they want $75K more, they told me that they will make sure I will lose the $25K. The strike price is manipulated to the point that almost no trades can be won. When they demo the trades to make you put money in they cheat by changing the price in their favor, again the ask price is not even found on the candles. They "expand" their range so they will NEVER lose. Now, they "contract" my range so I will almost NEVER win.
How can this be allowed? I will file some complaints, but I know that all my money was and will be stolen... I do not think I did anything wrong. I think they are allowed to steal people's money.