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  • Report:  #1208692

Complaint Review: BeeOptions

BeeOptions BeeOptions is a scam artist. London, England Internet

  • Reported By:
    Bill — Menifee California
  • Submitted:
    Thu, February 12, 2015
  • Updated:
    Thu, February 12, 2015

If you are thinking of investing using Binary Options I would advise you to not do it. In my limited experience, I've been scammed by two Binary Option brokers. I deposited money with them and had a devil of a time getting it back. In the first case, I didn’t get any of it, and the second case with, BeeOptions, I got only part of it. 

With BeeOptions, you have to go through a Verification Process of faxing them both sides of your credit card, driver’s license, and proof of residence like a utility bill. Once that is accepted, then you have a chance of requesting a refund.

In my case, here was their response to why I was not entitled a full refund of $500.

“As stated in our Terms & Conditions (#19), there is a $42 institutional fee involved with each withdrawal. In addition, a 10% levy, to cover processing costs as well as a third-party transaction fees, is charged on an account that has not executed more than 200.00 in turnover; your withdrawal amount reflects these charges.”

Terms and conditions must be hiding somewhere on their site, because on the deposit page I didn’t see anything about it. So in effect, they stole $109.10. 

It took me over a month to get the partial refund, so beware.

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