• Report: #993308

Complaint Review: VIP BINARY

  • Submitted: Tue, January 08, 2013
  • Updated: Tue, January 08, 2013

  • Reported By: Steven — Sunderland Ontario Canada
Internet United States of America

VIP BINARY Funds stolen by VIP Binary, refusal to communicate, wanting more funds after they stole previously, Internet

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I began trading with VIP Binary when I read their offer of matching what I put into my account. I foolishly did this but they did match the funds. I believe it was two days later they advertised and offered "Secure Trades", which means your money that you bid is returned if you lose the trade.  I asked the broker I was working with if all of the trades I was going to make was all secure trades.  I received affirmation every time I asked.  One day he wanted to do trading without getting the assurance that it was a free trade.  I said "Call me when you get the assurance that all trades are secure.  He checked and all trades were secure.
I watch the amount of money going down in my account, but was assured that the money I was making would be put into my account when all trades were finished. To me, that meant when the account I had reached zero or close to it.  When I did and all trading was completed about 1/100th of the amount I should have received was not there. When I contacted my broker after a two week delay as he informed me his boss had to deal with that and he was gone for two weeks. I also received a note from VIP Binary outlining their policy that I could only withdraw funds if it was 15 times more than what I had at the beginning.  From this point on that is the only thing I received from VIP Binary, except for the brokers saying I could continue trading and get my money back.  

I decided to create a sheet dealing with trades made with losses and wins. I tried sending it to my broker but their email lines are secretive and all I had was support@vipbinary.com  I was assured my broker would receive it. When I didn't hear from him I sent a new one daily. I still have not heard from him. I would like to hear from anyone who has had a problem with VIP Binary and launch a class action suit against them.

This report was posted on Ripoff Report on 01/08/2013 10:41 AM and is a permanent record located here: http://www.ripoffreport.com/reports/vip-binary/internet/vip-binary-funds-stolen-by-vip-binary-refusal-to-communicate-wanting-more-funds-after-t-993308. 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.

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