Report: #1492205

Complaint Review: utraderoptions -

  • Submitted:
  • Updated:
  • Reported By: Jeffery — United States

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My initial investment was $20,000 and return of $35,000 in 7 days. Only fee I had to pay is 10% commission after I receive my profit according to my broker, I checked the company policy and it indicates 10% commission in order for me to receive my profit. However, that 10% commission needs to be paid, before I receive my profit, plus I have to pay my broker after receive my profit as well.

When 7 day trade was over, I paid that 10% fee to the company and was waiting for them to release my profit. Well....didn't happened, instead, my broker continued the trade over the weekend without my consent, therefore more fees plus late fees for me to pay.

My broker wa wasn't aware of all these fees, yet threatening me to pay fees on the same day when company without my consent and it's now $250,000. I have paid $43,000 so far and they are still asking me to pay bogus "final fee" which they calls it "proof of ownership. $17,000" I refused to pay since the company sent me an email that I completed my 10% commission to the company and they will release my profit within 2 to 3 days when I signed the final document.

I asked the company to keep their promises, otherwise, I'll take legal action.

This report was posted on Ripoff Report on 02/25/2020 11:16 AM and is a permanent record located here: https://www.ripoffreport.com/report/utraderoptions/scam-company-1492205. 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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#2 Consumer Comment

I got my money back from them

AUTHOR: Avery - (United States)

POSTED: Thursday, February 27, 2020

Please do not waste your time. I have had a very bad experience and lost all my money. It's pressurized sales if you ask me, I was put under pressure to deposit money and then deposit more money all of which I lost.

This company closed my account and left me with nothing. I had to contact johnwhelan@ financier,com a financial cryptographer to assist me in getting back my money. Glad i have it back now

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#1 Consumer Comment

What Legal Action??

AUTHOR: Jim - (United States)

POSTED: Tuesday, February 25, 2020

This is one of the more common scams out there right now.  There is no legal action you can take because you have no clue where they are.

However, that 10% commission needs to be paid, before I receive my profit, plus I have to pay my broker after receive my profit as well.  Hilarious.  When you read this, did it not occur to you that a legitimate trader would take the commission from the proceeds when you sell your position?  Prepaying for services like this is a variation of the prepay loan scam where you pay all fees upfront, instead of paying when the service is actually completed.  Your broker is in on this - no legitimate broker would be stupid enough to think this was a legit transaction.

Your investment never showed a real profit - it's all smoke and mirrors and it's a part of their scam.  The program "shows" you a substantial profit in order to get you to toss more money at them.  Then there are more fees to pay and then tell you it will cost you a whole lot of money to get your funds out.  There was no trading over a weekend.  They pocketed your money and you won't be getting it back.

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