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Report: #1254951

Complaint Review: OptionRally - Internet

  • Submitted:
  • Updated:
  • Reported By: Edwin — Sg Buloh Other Malaysia
  • Author Confirmed What's this?
  • Why?
  • OptionRally Internet USA

OptionRally OptionRally Financial Services Ltd OptionRally is a ScamBroker Limassol 3105 Cyprus

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I started to open a trading account with OptionRally in July 2015. I was called up by Sally Grand during account opening and subsequently assigned a broker (Jennifer Fox) who is supposed to brief me on the trading processes and conditions but failed to do so. Instead, she quickly get me onto trading and rushed me to increase my deposit to another USD2,000. Throughout the process, I was given two (2) bonuses without my consent or I was not briefed on the condition of the bonus provided even though I have highlighted at the start that I was new to binary trading and need explanation and guidance. The account managers assigned quickly get me on the trading activities without proper explanation and continue to pushed me for more deposits (totalled USD5,050).  After the first broker (Jennifer Fox) gets me onto some trading, another account manager (Saul Goodman) was assigned to me replacing Jennifer Fox.

Similarly, he pushed me into increasing my deposit which I claimed I do not have much fund on my credit and he promised and agreed that I could withdraw my money any time. After getting a small amount of fund from my remaining credit, he gets me onto 4 trades which I lost 3 of them. Later, he gets on another broker (Scott Chamber) to service me without proper explanation.

Although they promised that I can withdraw my money anytime without questions, I was only allowed to perform one time withdrawal of USD1,000 on 18-Aug-2015. Subsequent requests were all rejected and they ignored my complaints and emails which I have sent to some of their departments (support, compliance and legal). I have also tried to lodge a report with their regulator (CySec) and still waiting for their feedback. I wish to get assistance to get all of my investments returned to me as they do not honor their policy and promises. 

This report was posted on Ripoff Report on 09/15/2015 05:10 AM and is a permanent record located here: https://www.ripoffreport.com/reports/optionrally/internet/optionrally-optionrally-financial-services-ltd-optionrally-is-a-scambroker-limassol-3105-1254951. 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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