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Report: #1177584

Complaint Review: OptionsXO - Select State/Province

  • Submitted:
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  • Reported By: Martin — nr. Billingshurst
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  • OptionsXO Select State/Province United Kingdom

OptionsXO This company is a scam Cyprus

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This company is a scam. After being pursuaded to put in funds to this company by an affiliated trader called Alex King, I initially had a few successful trades withhim. He the asked to be allowed to trade my account for me but I declined. Nonetheless a week later he went into my account and on the face of it, grtew my account by 50%. In the meantime OptionsXO where insisting I send them a photocopy of my credit card that I had used to fund the account. They kept insisting and subsequently froze my account. because of this I decided to close my account however i discovered i could not withdraw funds for two reasons !) they wanted to verify my account used to place the funds with them by providing a copy of my credit card and 2) they stated i could not withdraw funds because it contained a bonus and the small print stipulated I would have to have atrading volume of 1000X the bonus before i could withdraw funds. At this point I provided the photocopy but only after frezzinf my credit card and having a new card issued with a different number. I also then checked my account history and discoverd the con. I have subesequently been unable to contact the company at all (they never answer emails) and nor do they answer the telephone number. Another trader with them, Paul Wilson claims that my account is under investigation along with several others that Alex Stern was dealing with, because of his supposedly embezzling other traders accounts, however when I asked him if he could help he stated he would only be able to if i opened another account and deposited further funds, he the stated he would be able to add the two accounts together to unfreeze my first account. i pointed out that  i had no intention of throwing good money after bad and that my original account had been transferred to him before it was frozen but he dismissed this and I now no longer have contact with him either. I should point out that the original trader, Alex Stern subsequently turned up at another Binary Options Broker, Tradersking and has since gone into my account there and wiped it out so it looks as though that is another scam company as well, and may well be directly linked to OptionsXO.

This report was posted on Ripoff Report on 09/18/2014 06:41 AM and is a permanent record located here: https://www.ripoffreport.com/reports/optionsxo/select-stateprovince/optionsxo-this-company-is-a-scam-cyprus-1177584. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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