Received several unsolicited emails with a video on binary trading from a person named Thomas Jay La'Roque, The 1st on on Sep 05 12. http://www.mybinaryrecoded.com/News0.email@example.com&name=Ken. The video shows 81% profit following his method of trading. Minimum to open an account is $100. The video presenter suggested where on the page to click and open an account as only the two recommended broker guaranteed to pay the 81% winnings.
I signed up with one named zoomtrader.com and when I went to follow the video instructions I realised that the trading platform differed from the video trading platform which was globaltrader.com or similar. The zoomtrader trading platform has only a very limited pair of choices as Globaltrader.com. It was then that I realized it was a scam. Also, when I opened the account, a $100 bonus was added to my $200. I wanted to contact the customer support but only a live-chat figure was available. I activated the Live-Chat, expecting an immediate reaction - as is usual with this type of communication - but nothing happened. 2 or 3 days later I got an email from zoomtrader thanking me for sending them my email address. Weird isn't it? It was then that I sent an email request withdrawing my $200. A few days went by and when no answer from zoomtrader came, I sent an email to the billing processing company they used called charge4all.com who passed the withdrawal request on to zoomtrader.
Today I received an email from firstname.lastname@example.org which reads,Zoomtrader Wagering
Would you please cancel your current withdrawal request as you have not met your wagering requirements yet.
Every trader must trade with the volume of 40 times the bonus amount, in your case you received a $100 bonus so the volume of trades should be $4000 before you can start withdrawing.
If you have any questions you can refer to our bonus terms and conditions on the site.
Their email thus confirms that they are Internet scammers or thieves. No other legitimate trading company, whether stocks, commodities, currencies or whatever has this requirement. This website is without doubt set up to defraud investors of their money.