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Report: #1341416

Complaint Review: Banc de Binary - Germasogia 4046. Limassol Cyprus Nationwide

  • Submitted:
  • Updated:
  • Reported By: Lady in France — Halinghen FRANCE Other France
  • Author Confirmed What's this?
  • Why?
  • Banc de Binary Kanika International Business. 401 Profili lluas3 Nationwide Cyprus

Banc de Binary falsified my details to accept me. Said I had answered 24 questions I never even saw Germasogia 4046. Limassol Cyprus Nationwide

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I joined Banc de Binary a year ago. Like others I lost all my money. After reading some newspaper reports I realized that Compliance had not checked me out properly and I should not have been accepted with them. 

 

I stated clearly that I had low income and could not afford to lose anything. They ignored this, both written and spoken to them. 

After several months  (5) of repeating this I was finally sent a copy of a questionnaire of 24 questions which I had never seen and certainly not filled it. It is total FRAUD. 

 See below, my replies in red.

In another email I was told that these questions could only be accessed by myself and answered by myself. Not true as I never had accessed the questions and also why was the said person Tracey (now left the company) able to access them and forward them to me. 

I have sent report to cysec the ombudsmen in Cyprus. 

 

This company needs reporting to save other pensioners like me losing money. 

 

Hi

 

You have all the access but here you go as requested

 

QuestionAnswer (24)Have you invested funds before

Yes NO

Education level

Bachelor Degree /Diploma No exams to my name, I did not even pass one GCE exam on leaving school.

Profession or relevant former profession

Business Administration. I have never been in business administration.

Employment Status

Employed. I am self employed always have been.

Do you have previous work experience or relevant qualifications that helps you understand our products and services as well as the risks involved?

Yes. No have no experience or qualifications.

Did you attend course/seminar about binary options?

No

Do you have any connection or association with the U.S.?

No

Annual Frequency of Transactions

51 To 100. Frequency of what transactions.

Approximately in the last two years, have you traded any binary options on an execution only basis

Yes. Never traded any binary options in any basis at all.

Source Of Funds

Saving

Estimated Net Worth

250 To 500 K. no where near.

Estimated Annual Income

50 To 100 K. 10 – 15 K

Purpose and reason for opening account

Assets Saving. increasing my income.

Anticipated account turnover

50,001 – 100,000 never said anything about this as have no idea.

Size of Wealth

101,000 – 250,000. no where near that.

Expected origin of incoming funds

Credit Card

How long have you traded (Experience) – in years

1-3. never traded before at all.

Frequency of trades in the last 12 months

More than 50. never traded before.

Volume of transactions (within the last 12 months)

Less than 25,000 USD. none

The period over which clients transactions in financial instruments have been carried out

Long term. not true no idea what transactions as none been carried out.

The types of services, transaction and financial instrument with which you are familiar

Currencies. none not traded

I have previous work experience or relevant qualifications that help me to understand your products and services as well as the risks involved

Yes. No experience at all.

Are you familiar with the risks involved in trading Binary Options

Yes NO

Industry of Employment

Accountancy Never been in accountancy at all. I left school, did a secretarial training and a dressmaking course. Then I married.  When divorced I cooked and ran singles parties. Self employed.

 

 

Sent: Tuesday, August 09, 2016 1:51 PM

To: Merelina Ponsonby

Subject: RE: BA20160055. I need full refund of money invested with you. 32225$

 

Hi

 

They are not sent to you as I previously stated you provide the answers when you open the account.

They are done through the account you open online on our website.

 

 

 

I had no idea of the risks and never filled in the questionnaire.

 

I live in France but below there is no where which says FRANCE only states in the USA or Canada. I used debit card. As my complaint only started 6 months after I joined I can get nothing back via my card.

 

 

This report was posted on Ripoff Report on 12/05/2016 04:46 AM and is a permanent record located here: https://www.ripoffreport.com/reports/banc-de-binary/nationwide/banc-de-binary-falsified-my-details-to-accept-me-said-i-had-answered-24-questions-i-neve-1341416. 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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