Report: #993308

Complaint Review: VIP BINARY

  • Submitted: Tue, January 08, 2013
  • Updated: Tue, January 08, 2013
  • Reported By: Steven — Sunderland Ontario Canada

    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  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.
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This report was posted on Ripoff Report on 01/08/2013 10:41 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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