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Report: #1218233

Complaint Review: Ivory Option - Internet

  • Submitted:
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  • Reported By: dakota77 — Portland Oregon USA
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  • Ivory Option Internet USA

Ivory Option Patryn Limited Breach of contract, wire fraud, theft by deception, and coercion. Gibraltar Internet

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Please learn from my experience ... do not engage with this company!  Everything about their way of operation screams Ponzi scheme.  They pressure you to put as much money as you can in ... even to max out your credit cards, claiming that their will be no problem restoring those funds using profits before your next billing cycle ... they make false promises about when and how you can withdraw profits.  They add "bonus" funds to your account without you knowing, so that they can trap you into one particularly impossible caveat in their terms and conditions.  

Seriously, it took reading ther terms with a lawyer afterwards to translate the insane condition that by using their website, they have full claim on your money.  That's right  ... they take your money and make it as difficult as humanly possible for you to withdraw ... which I've learned the hard way takes multiple legal threats, incessant phone calls and emails, and utter desperation.

All I got was lies, delays, more lies, and more rediculous delays.  Seeing how spineless they acted towards our situation and others that I've since heard about,  in my opinion Ivory Option should not be allowed to represent anyone in matters of investment.  Not only do appear to lack integrity and do not care for their customers, but from our experience the advisors were incompetent when it came to trading.  Their track record was a 26% success rate ... which with binary options you have to succeed at a 54% rate in order to just break even.  

They made dozens of trades with my funds that I did not authorize, losing several thousand dollars.  The refused to take accountability for their representatives and customer agreements, and they seemed to have no problem watching families suffer because of their actions, as long as they don't lose any of "their" money ... which is really your money.

The only way to summarize their company behavior and policies, in my view, is "criminal".  And whenever I brought up of the notion of pursuing legal action their attitude was "Go ahead and try!"  ... that is literally what they told me on two different occasions.

Please, please save yourself the grief and the dangerous levels of stress!  If you are at all tempted to work with this team, or any other like it ...don't.   Go donate $5000 to a charity or something, but don't let them cheat you out of tens of thousands of dollars.

This report was posted on Ripoff Report on 03/25/2015 10:10 PM and is a permanent record located here: https://www.ripoffreport.com/reports/ivory-option/internet/ivory-option-patryn-limited-breach-of-contract-wire-fraud-theft-by-deception-and-coerc-1218233. 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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