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  • Report:  #1089018

Complaint Review: VIP binary

VIP binary got my trust, they set the trades, lied, rediculous drawn out trades,used hurricaine Sandy as a leverage tool to rip me off nationwide

  • Reported By:
    alan — port lincoln/Au
  • Submitted:
    Wed, October 02, 2013
  • Updated:
    Thu, October 03, 2013

I first invested $1000, after following their advice I had  more bad trades than good ones, so i stopped for quite a while with every intention of pulling out, that's when the vultures landed to pick my bones.

When they realized i was a complete newbie to this, that's when they assured me that if i put in $5000 and let them do the trades, I would be well on my way to a $30,000 +account - sounded good, but i was still a bit reluctant.

Hurricaine Sandy had just hit and the New York Stock Exchange was flooded out,as was New Orleans, they told me that because of this the market was very vunerable, and if I let them pick the trades and because they knew the market place,- as much as this disaster was affecting them personaley,I could make a lot of money from this tradgety.

A couple of short trades paid off, one did'nt, they said things were going well, I was a bit suss on a couple of long shot trades, 10 days away, but they assured me they would be ok, they were certainies, another short one paid out, then they suckered me into putting in another $4000 - on some each way trades that would pay 416%+, no matter which way they went - up or down - well you guessed it, they turned out to be duds also, they said that this was a rareity that this should happen this way, and to his knowledge it had only happened once before in the 5years he had been with the company.

Then the wheels really fell off, the 2 long shot trades that were made for 10 days away expired and went the other way - by now I had a strong feeling that this was going to happen - come in spinner-  i was now some $8000 down the shooter .

Then they still had the gumption to ask me to put more money in, i might add that i had now been passed around through 5 different brokers, you would'nt believe the bullshit, and their bonus money ai'nt worth jacksh*t. I closed shop and they let me take out my remaining $2300.

Then hows this, they rang me about 2months ago after quite some time and said that i could now get my $11,000 bonus money out( I knew they were trying to scam me because you can only trade with this,not draw on it) if i put in $2300 to reactivate this procedure and i would get the $2300 back as well, I told him to go fk his boot. - Any class actions, sign me up - don't be sucked in by them!   

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