Binary options websites give the impression that they’re used by sophisticated City experts.In reality, they offer two simple bets, usually that the price of something such as a commodity, currency or shares will rise or fall over a set period, which can sometimes be just minutes.
The scam is just as simple – the crooks behind binary trading websites don’t pay out winnings and disappear with the money put in by victims.
The Financial Conduct Authority does not regulate binary trading, seeing it as gambling rather than investing.
Hello, I have been a client of IBAMARKETS.COM since October 2016.
Last month I asked for my first withdrawal of funds of 2,000 euros and they immediately disconnected the trading account,
They stopped giving me daily balances, they stopped responding to my emails and the tlf that puts on the web does not catch anyone.
Nobody gives me explanations of what happens. They do not want to give me my money.
Avenged, honestly I don’t think that you will receive your money back but keep tormenting them until they give you some kind of explanation and report them.
I hear you , Carlos. I’m sure they eventually will. I see that more and more countries and governments are slowly but firmly banning such scammers, even the FBI has issued a warning for Binary Options. I guess that in the near future they will be forbidden worldwide.
For anyone watching this thread, IBA Markets have gone to ground (not answering calls, emails and now their website has disappeared). But they are still around under different names.
According to the City of London Police, Branson has spoken out after a growing number of fraud victims are complaining to the police that were scammed by fraudsters claiming that he, or his companies, are involved in the investment hoax. Victims have also contacted Sir Richard himself, claiming they have invested in his companies.
I don’t know what’s weirder – that the scammers are using the name of a company that actually has nothing to do with binary options or that people believe them.
“Our eyes have been opened,” Biton told the Israeli MPs. “What we’re seeing here is a massive organized criminal enterprise. We are talking about criminals at various levels of crime organizations, up to the very top.”
Why I am not surprised?
“In his speech the senior police officer admitted the authorities have failed for a long time to realize that the binary options industry was a scam and that behind it were standing organized criminal groups who profiteered from it.” Failed for a long time to realize this…really…like so many complaints from robbed clients were not enough to open their eyes and initiate a more serious investigation? And how exactly did these so called “brokers” receive license and regulation anyway? No one is buying this anymore, it is obvious that they did not want to open their eyes not that they couldn’t do it.
“Binary options are the leading type of investment fraud facing Canadians today, and the impact of this kind of scam on individuals is staggering,” said Louis Morisset, Chair of the CSA and President and Chief Executive Officer of the Autorité des marchés financiers, quoted in a CSA official statement.
I do binary options its for fun only… my goal is to hit 25 streak in a row starting one dollar each time. If I loose that dollar then I dont compound for two trades and make it back. This is extremely patient and JUST FOR FUN. I deposit 10$ at a time, and that is if its a gift or i got it from somewhere.
Who in the Gods name deposits 1000s of dollars. And the bonus thing is clearly written on their website. I never take bonus… Paul is the biggest idiot in this…Why the hell would someone give you money for no reason? There has to be a catch, its common sense… more than broker i was getting angry at Paul… C’mon Paul!
Unfortunately, most brokers of binary options are scammers. If you want to safe your money, you have to look at the feedback and regulation before investing
More regulatory bodies and major business ventures are waking up and banning binary options left and right.
The latest one is Google, believe it or not – they just banned binary options apps from their Google Play app store. And they’re doing it almost a year later after Apple did the same for iOS devices.
