Bank de Binary mybinarycode.com Is Bank de Binary a scam, on my personal dealings with them, Yes, Bank de Binary is a SCAM, Internet

Is Bank de Binary a scam, in a word, YES. I say that from my personal experiences dealing with this organisation, but I am one of the lucky ones. I only got scammed for $100 and it was my fault because I did not do full due diligence on them. I will detail what has happened to me since I heard of this organization:

First of all, I received an e-mail from one of their affiliates that looked very interesting and I decided to investigate it but all I actually did was to check on the Moneybookers site where they do have an icon saying deposit to Bank de Binary using the Moneybookers payment method. As I believed that

Moneybookers would not be deliberately and knowingly promote a scam site I assumed from that point on that Bank de Binary was legitimate. I have since talked to Moneybookers and the button on their site is a 'paid promotion'.

Because the affiliate promotion page said that even though the company requires a $500 start-up deposit he had arranged for new clients to start with $100 so I did. I deposited $100 on 29 March 2012 and began trading and for the first day I lost money using the system the affiliate said to use. After I had lost some money I decided to ignore the affiliate advice and to use my own knowledge to place my wagers. I started winning and promptly pushed my balance back over $100 late on March 30.

I logged off for a few hours and then came back and found out I could not log back into my account, I got an online (live chat) customer service person who told me my account was suspended until I paid another $400 into it. I explained about what the affiliate had been telling us in regards the $100 deposit, I was told this information was wrong and that until I gave them another $400 I could not use their trading platform. At this time I requested they refund my $100. I was told I would have to provide a whole stack of personal information, including photocopies of my passport and drivers license, which I did less than one hour after they requested what they said was the 'required' information. Remember, this was a requested REFUND, not a cash withdrawal.

A couple of hours after I sent them the information they demanded, I received an e-mail stating that a ticket had been opened by the disputes department and they requested I give them one day to action the ticket. When I have not heard from them by 5 April I sent an e-mail requesting an update, no reply was received. On April 10 I sent another e-mail again requesting an update and got the same e-mail I'd received on March 30, stating that the disputes department had opened a ticket. The ticket had exactly the same reference as the previous ticket again with the same request to give them one day.

As of the 1st May 2012 no responses of any kind have been received, and since they requested one day to action by refund I have received one spam e-mail from them but I have not received a refund, I guess I never will either. There are other things that happened in my dealings with this company like being on live chat and just having the chat person I was talking to cancel the chat but I didn't take screenshots so I have no proof, and I must admit the last time I was talking to a live chat person at the point where I realised I was wasting my time, I was rude and hung up on them without warning.

I have kept all the emails that have been sent by them and by me, pity I didn't keep the screenshots of the chats but I didn't.

Today is the 15th June and yesterday I got another email from the same affiliate trying to sell this same scam all over again, and he/she knows what they are doing now, I sent them an email telling them what they are doing, promoting a scam, so if you get an email from http://www.mybinarycode.com I suggest you hit delete and carry on.