Report: #797338

Complaint Review:

  • Submitted: Sat, November 12, 2011
  • Updated: Sun, February 03, 2013
  • Reported By: Morris — Sun City Center Florida United States of America

    United States of America

Show customers why they should trust your business over your competitors...

This email account agent talked me into spending $250 to invest in binary options, something new on the Internet, which required training, His advice turned out to be disastrous causing me to quickly lose all my investment, and the company refuses to refund my money. After I complained, their manager emailed me their disclaimer which said that whatever I do is at my own risk and they are not responsible. This was not explained at the time of setting up my account, but is printed by clicking on one of 25 links in small print. And they claim that it was my fault for not reading it.

Obviously meant as a tool used to scam poor people out of their savings, seeking to supplement their income. Binary options are dangerous to invest into, a guessing game, and although some brokers do offer a demo account, Traderush did not. And they refuse to reply to email complaints. A true Rip Off. The company is located IN THE U.K. making it impossible to make direct contacts, except by email. There are no binary option brokers headquartered in the U.S., so if you are interested in this type of investment you will have to deal with a foreign company.

Other scammers, seeing how easy it is to rip innocent people like me are copying Traderush and there are new ones evey day. So beware! If you cannot get a demo account do not trust them..
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This report was posted on Ripoff Report on 11/12/2011 10:43 AM and is a permanent record located here: 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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#1 Consumer Suggestion

Why Would You Risk Anything in Something You Know Nothing About ?

AUTHOR: F. Edwards - (USA)

You should read your Complaint and then act like its not you, then think of what that Complainer did wrong, YOU and everybody else that has ever read any internet stock type anything HAS DEFINETELY READ THOSE DISCLAIMERS and IT TELLS YOU EVERYWHERE TO ONLY INVEST WITH U.S.,NIDC INSURED INVESTMENT FIRM BECAUSE YOUR CASH AVAILABLE WOULD BE COVERED. OK now you can be yourself again.

You should call these companies, check when they began, where their located etc... ,Due -Diligence is the KEY, the rest of what you wrote is trivial common sense stuff and don't waste your time on here with something that was YOUR FAULT, Sorry !   

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#2 General Comment

Traderush is a scam

AUTHOR: Neil Thomas - (United Kingdom)

 I too talked to one of Traderush's agents, who said that on depositing a 1000, would be credited with an additional 750. The obvious question is, where does this additional amount come from? Nowhere, if you're expected to lose it all.Traderush is not based in the UK, but in Cyprus.It is unregulated by CySec, and therefore is not policed.Traderush will give you a dummy account if asked, for what its worth.I did extremely well with this dummy account.I did deposit the money, and initially seemed to do extremely well.My 1000 deposit,plus matching 750 bonus increased over a few days into over 9000.Then, as if a switch was pulled, I lost it all in a very short space of time.Now, the way binary options with Traderush is supposed to work is that you bet its going up, or going down.The graph shows, supposedly,what the traders reckon a particular currency is going to do.For example,70% say that its going to go up,30% say its going down, so you follow the majority.Now, on the dummy account,I did very well following this,and on the live account initially.What followed after beggars belief.I lost on EVERY trade I made,even using this 70/30 split.Even if I was playing roullette,playing black or red,where the odds are 49/51 % in the banks favour, I would expect to win some of my bets.To lose all of them, when supposedly the odds were in my favour is unrealistic.

After the money was gone, I studied their graphs for the USD/EUR, and the USD/JPY, and the graphs had become identical.Different currencies, following different trends,were showing exactly the same.It was as if having wiped me out,there was no need to maintain the pretense of showing different graphs.I urge anyone looking at this to take heed.
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#3 Consumer Comment

To the Owner of Tarde Rush .com

AUTHOR: Mahmoud - (United States of America)

I'm costumer in traderush .com . I have big problem with your broker . Mr Bruce Williams and joe Kruger.

I dopiest $30000. I trade I win I loos . Now in my account $ 24,788.80 . When I tray withdrew some money for I went bay my Cridet card for I still working . I'm good name and I have exent Cridet Robert . She tell me sorry you get $35000 bonus you have Tarde by 1,146,255. Before you can withdraw any money from my account . I go check my bonus History . I find she add for me extra bonus by $17,500. I don't no any thing about because she not come in my money . I like your web I Tarde I win I loos I tied too . I laved . Please check my account I went bay my Cridet card before the bank closed my account . I went still trade too now your broker stop me do any thing and when she need money she call me every day . Know I'm try to connect hime no way .

My account no: xx.I hop to check. My email: (((ROR redacted))). Thanks.
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
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#4 REBUTTAL Owner of company

If you do't have the money, don't bid

AUTHOR: Neil Thomas - (United Kingdom)

I am not an apologist for Traderush, I have been looking at it, as a platform for investment trading. First off, it is not a UK company, it is based in Cyprus. It is not registered with MiFID, and is not registered with CySEC.Customer service advise me that the company is currently seeking such accreditation.Binary options trading are a gamble, up or down, win or lose.So to suggest that anyone is so feeble minded to fund a 100 bucks into this because he was advised by the company , beggars belief.This is commodities/ forex trading, this is where capitalism rapes all.If you have the money, you can play. If you don't... tough.With this scale of input, why would they shill you out of $100. Answer, they would'nt.You were just playing in the wrong game.As for reporting this as a UK based company[wrongly] I, as a Brit, would point out that Bernie Madoff would only happen in the US and not the UK.So do not try and make out that we are some foreign malevolent country.At the end of the day we are not foreign, you are, and bollocks to Davy Crockett, and F**** the Alamo.
Any way,back to the real world.If you have little money,do not bet on the markets.Is that not evident?
Remember Gordon Gecko in the movie Wall Street? Do you think that if he was a $100 down he would wail "scam".I am in favour of rip off reports, but lets keep them real.
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#5 Consumer Comment

what a laugh

AUTHOR: Duke - (U.S.A.)

It is NOT easy to get your money back. Find out about all the hoops you have to jump through to even try to get your money out. I wish I had never heard of them. I am in the process of trying to get my money out.
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#6 Consumer Comment


AUTHOR: Dawson89 - (Canada)

Hi - I was shocked to see this post claiming that this company is a scam.  Trade rush continues to provide me with excellent services since I joined them over 2 months ago.  I knew nothing about trading when I first started.
I have already made 2 successful withdrawals and received the money very quickly.  I started slowly, and listened to the advice I received, made a lot of decisions on my own but they were there to support me. 

I'm surprised this customer says he's unableto reach them by phone, I speak with my account manager almost everyday.

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