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  • Report:  #1229897

Complaint Review: sebas stok

bigoption scam new york Nationwide

  • Reported By:
    seb — maarn Alabama USA
  • Submitted:
    Mon, May 18, 2015
  • Updated:
    Fri, October 23, 2015

Dear reader,

This is a warning for those who are planning to trade with the binary option platform called Bigoption. They claim on their website to have won an award in 2014 for most reliable broker of 2014, reached out by FX Empire.

I hope this story raises awareness not to put any funds at their trading accounts.

In December 2014 Jack Harlan, one of the head analysts in New York told me he would trade on my behalf. I made a deposit of € 5000 and he told me that he could easily make that a € 50.000 within 6-8 months time. Now i am no rookie in trading, but I just did not manage to made the profits he promised me. He really convinced me that he would learn me trading on a higher level and in the meantime Jack would make the profits he promised. Even a trip to New York was promised, as he liked to meet up with clients after

In 2 months time he screwed up 85% of the trades, a hit rate of 15%. Even a monkey would trade better than the senior head analysts of Bigopion. He used all of the bonusses available and turned the account into a big mess. He put in an extra of € 5000 in the account eventually,  we won very little, and the account level was and still is € 2009. So he screwed up more than € 10.000 in total.

In the meantime I complained and discussed how we could improve the trading succes, as this was going to turn into a disaster. He was away for most of the time with stories of his children in the hospital, his brother turned sick, away for a conference, storm in New York city…and so on..

He was driving me nuts and so I reached out to the complaint departement of Bigoption in March 2015 and requested a new accountmanager. I was called by Lindsay Wells, the so called big boss who kept an eye on all the traders. Lindsay Wells said that Jack Harlan was probably going to be fired and that he could never trade on someones behalf anymore.

She promised me to trade the account up to € 5000 and told me what her trading plan was to reach that goal. I could than take out all my funds. But she said that if I funded more into the account it would go faster and better… I did not put anything in anymore ofcourse and wanted my initial funds of 5000 back. I could not get that right away, but it needed her personal trading efforts to reclaim that amount. After a while (till this day) nothing has happene, and Lindsay has the same excuses that Jack Harlan was using. And more often she did not even reply to calls or emails. I must have send dozens! Not one trade has been made in almost 3 months! While the promises kept coming.

I am afraid that nothing will happen with the account, i want to have my money back, or at least most of it.  Nobody is replying at the Bigoption office anymore. Big radio silence.

At Bigoption you are an important client till the moment you make the deposit, after that, they don’t care anymore. They lie, make false promises, are very manipulative and I can absolutely call them a terrible, scamming and dishonest organisation. They have screwed up alot of hard earned money which they should have treated with care, they did not. They have stolen it all and I hope this message is a warning to convince others not to do business with Bigoption, who absolutely don’t deserve the price for most reliable broker of 2014.

Don’t trade with them! They don’t care about your funds and they want you to lose so they earn!!!

4 Updates & Rebuttals


Hayley

Oklahoma,
Oklahoma,
USA

Everything has a reason...

#5Consumer Comment

Fri, October 23, 2015

Dear I hope you found a solution for your issue. However, I have traded with many brokers I lost and won as well but for BigOption.com I have been amazed by their education support on their market analysis which they provide on their website. They have a lot of information and I find this website user-friendly. Do not feel bad by what I am saying but it is true that I have really loved trading at BigOption.com

I have made my wife registered as well and few of my friends. They are all very happy for trading on this platform.

 

Wish you all the very best in your future endeavors.

 

Hayley

Binary Options Trader

UK


Celina

Oklahoma,
Oklahoma,
USA

BigOption Platform

#5Consumer Comment

Wed, October 14, 2015

It was nice to see how people write about platforms on this website (ripoffreport.com) but actually I feel sad to see that they're writing things which are not true. Not all platforms and I have traded on BigOption platform without any issues to be honest. I remember having few issues in the beginning but nothing sort of serious where I would have lost my funds etc....

 

It is better to trade with an analysis spirit before protruding to comments which might look lackadaisical sometimes. I have won few times not huge amount but I am happy to be a trader at bigoption.

 

Unfortunately, your history to me seems not too true...

 


sallymcgregor71

New York,
USA

Where Has My Money Gone To?

#5Consumer Comment

Tue, October 13, 2015

Hi Sebas,

I am currently a trader with BigOption. Another friend of mine also experienced issues with them but it was more of a withdrawals issues. But instead of dealing with the account manager who wasn't of much help, I told her to deal directly with the Compliance Department. She addresseed the issue to them and they somehow came to some sort of agreement where could withdraw the fund she had left in her account. Of course she has already traded any bonus more that 30 times as stated by the account manager when she first opened an account.

I know it's not that easy to lose so much money, but I wanted to ask if you've tried contacting the complaince department? It's worth it. If there's no help then I guess you can report or something.

Thank you for your review and warning. Much appreciated.


John Cain

Bucharest,
Roumania

How to avoid bad service from brokers

#5Consumer Suggestion

Tue, October 13, 2015

One of the major issues that many of us traders face are a lack of knowledge when it comes to the broker we are dealing with. We don't take the time to research, find regulated firms or yet, know the market reviews and how to trade. Even if your account managers tell you that you don't need experience, i would suggest that you take the responsibility to study the market reviews, the different assets, theuir performance on the market and knowing more about your broker. I was once a victim of BigOption.com, I voiced my concerned and how I was furious. But since it's my funds they had to do something. Although I lost a big chunk of my funds, I managed to learn and recuperate a portion of it. Since, BigOption has been assisting me with all my queries and I was able to be helped by my broker as well as helping my broker too.

On their website they offer a great corner for education, make use of it. That's how i learned. Remember that it is YOUR money. You paid for that service, you deserve to be helped. So my point is, for future reference, please make sure you study the market and research on your broker. There's more to just a few good or bad reviews that circulates on the net. And this goes out to all my fellow traders.

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