Have you lost up to $5k and above while trading on Binary Option or cryptocurrency? or any form of internet scam, have you lost money through dating or any form or buisness Have you tried getting your
money out from your binary option broker account and was unable to place a withdrawal? Have you found your self
wading through excessively complicated terms which might seem impossible to meet, all because you traded with an
unregulated broker? Do not panic, I have good news for you. I lost over $97k to an unregulated broker who stocked
my trading capital and denied my access to my account. But thank God I have recovered all my lost funds, through
Unsolicited cold calling. Reminding me of the film "Boiler Room"
This outfit managed to get my details from somewhere (They claim some Angel Investor site, but refuse to delve what site this was) and were cold calling me on my NZ mobile number in 2015 and 2017
1) There were a number of cold calling attempts to sign me on to some 3-day trial. Each time explaining to me that you are purchasing a full-fledged business. In my view, 3 days is hardly long enough to properly evaluate a given business system, and this was put to the representative.
2) After the initial call, I send a firmly worded E-mail that...I was not in any way interested in their system and to remove my details from their contact database. I then blocked the number. Multiple subsequent attempts at calling me were recorded. 3) During the call, it was clear to me that the representative was using all the sales tactics in the books to build rapport with me. For example, repeating my first name ad nauseum and asking me questions in what I deem as a sly way to get me to say the word “Yes”. 4) 3 days later, the representative called from a different number circumventing the block, saying that he was now ready to sign me on to trial and that I just needed my details. I rose my voice and demanded that under no circumstance that I had agreed to the trial and he was not signing me on to it. The representative went on his sales pitch again.
World Binary Exchange
This is the letter I sent to Consumer Protection WA. Resonate with anyone?
Please find the sequence of events that gives rise to my complaint about World Binary Exchange Pty Ltd (WBE), Sydney (http://www.worldbinaryexchange.com/contact‐us). I sought advice from the CHOICE consumer advocate organisation about this matter, and they recommend that given that WBE is not registered with the Financial Ombudsman Service, nor the Credit & Investment Ombudsman, I should submit my complaint to Consumer Protection WA. 16 November 2016:
A represe...ntative of WBE cold calls me to my mobile phone number inviting me to participate in a free 3‐day trial of their binary option‐trading platform. This normally costs USD 990. I hear the pitch from their sales persons, and I am then transferred over to their compliance department with whom I complete a WBE compliance agreement [enclosed with this submission] over the phone during the call. I mention to my wife that evening that this happened and this is what would occur for 3 days. 18, 21 & 22 November The WBE options trader, [name removed] allocated to me for the 3 days contacts me on Day 1 and for the next 3 days we speak intermittently to lodge trades on a dummy version of their trading platform as guided by [name removed]. Throughout these 3 days, the trader espouses the guaranteed money making capability of investing in binary options and the benefits to be enjoyed by my family and I from it. At the end of Day 3, the trader pressures me into a YES or NO decision about whether I wish to spend $US 12K or up to $US 220K to open a WBE trading account and trade for the next 5 years with them. I say that I had mentioned this activity to my wife and that my decision is NO, and when asked why I say that I thought it was too risky for me. A further reason for my declining was that the trader suddenly said that the $US 12K accounts were fully subscribed. And to participate I would have to open a higher priced account, however, to alleviate the initial cost, he would ask his boss if I could pay half now and the remainder after the profits were realised in 6 months’ time. 9 December I receive an email from the Head of Collections, WBE, [name removed], stating that I had breached the terms of the agreement by considering my wife’s view upon deciding to say NO. The agreement in which I entered sets out that a partner cannot be involved in the decision making process. There is an invoice enclosed demanding payment of $US 1,089 in 7 days as this was the usual cost for the 3‐ Page 2 of 3
World Binary exchange ongoing harrassment
First got cold called by WBE October 2016, agreed to do "free" trial.
The next day after researching them, I sent 3 polite emails stating I was not interested in the trial.
They didn't respond.
They did not call at the time and day they had agreed to, and I thought that was the end off it.
They have called numerous times threatening legal action, and did attempt to get Dun and Bradstreet to 'collect the alleged debt $990US.
I have contacted Scamwatch, and Fairtrading Victoria.
I agreed to the trial when they did not call an time I emailed them that they had defaulted on the agreement , they insist I was called on time and want payment. it wont be happening, if I hear from any debt collectors I will take it to the small claims court, if I hear from them again I will seek harassment charges do not agree or talk to these cold calling runners, I don't need any credit ratings but defamation will be followed up. They are not a financial Australian registered group and should not be selling trade signals.
- Verified customer
After a hard line sell I cancelled the free trial before it started with an email and an online form. World Binary Exchange then sent me an invoice of $1990 USD for failing to attend and threatening a mark against my credit rating and debt recovery charges if not paid within 7 days... my advice is stay away... If a sales person promises you $5000 to 50,000 a month, then one has to ask "why are they wasting their time cold selling?"
- Verified customer
I Feel Confident with my Investments
World Binary Exchange has offered me the opportunity to make sure I have something to retire with. They are already producing terrific results and I felt confident in confiding my superannuation to their investments. The appointed trader has kept me informed about issues and has taken every call of mine. I recommend them to everyone.
Received a call about a better way to make money (should have hung up then).
He then arranged for a 3 day trial. The catch here is that if you do not complete the trial you have to cough up US$999 (+GST). I did the go ahead with the trial and on the first night the success rate was 40%. At this stage I was told the strategy was to double the amounts to place (bet). I tried to get out of the trial at this stage and they threaten to send an invoice for US$999 not completing the trial to a debt collector.
My suggestion is to keep away from this group especially since they are using threats before I have even signed up.
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