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Report: #1211811

Complaint Review: NRGBinary - Internet

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  • Reported By: Mark — Salt Rock Dist of Columbia
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  • NRGBinary Internet USA

NRGBinary Algo Capital, Broker - James Truss, Warning from experience London and global Internet

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Warning- after watching a promo video on Facebook which ended with a contact detail field if interested. I Was immediately phoned by Mike Harrison from Algo Capitals and directed to nrgbinary.com where I registered an account and placed a small deposit in my newly formed account and for this was given a bonus amount into my account of the same value with no terms and conditions discussed. I conducted a few trades on his guidance. my account expanded. I was then handed to a different broker James Truss. communication was telephonic and via Skype. After the success of trades ( which comes with it's own psychological process _success, yearning , excitable and greed amongst other human traits - potentially addictive and promising) James Truss used   the carrot of this success to put extra cash from any credit card source I might have into the account. I did this and there were related bonus top ups from NRGBINARY side again no terms and conditions relating to bonuses discussed. I won't bore you with further process, but please let me enlighten you to some of the traps and pitfalls.

Warning - if you accept a bonus you may not extract or withdraw any funds unless you have traded profits by a multiply of 30 of the bonus. Even if you are cash fat in the account NRG finds a number of reasons not to return cash to cards despite formal withdrawal requests.

Warning - once you decide not to put more cash in ( for whatever reason), the VIP indicators and signals  which were used to entice one, are withheld, leaving you really to hang out to dry and trade by oneself without any brokerage assistance and NRGbinary support departments Assistance. The only way to get more signals is by putting more cash in. A very cash hungry business model that can't seem to sustain and grow from the base in your account. Without signals from the broker , their resources and analysts chances of profits for a person of my experience in such a business are not stacked one's favor. VIP signals only get given to certain threshold of deposit value.

Warning - any information which you do get when you do not top up at brokers request comes late and with reluctance in the case of James Truss. I have sat for hours at computer Skype, waiting for broker reponse.

Warning- the NRG trading platform is questionable. The traded entity graphs and your position taken graph don't always agree. Eg entiy graph and Internet entity  gave a currency pair showed a certain value and were in the money on that value. My position taken graph differed from market value and showed me out of the money. I lodged a complaint on this discontinuity with support and have yet to get a response.

Warning- one can only get broker to trade on your behalf with a deposit of £100 000.00

I would warn that if you do not have the resources of fast internet, multiple screens and a good understanding of financial analysis that NRG and Algo capitals leave you highly exposed to not much more chance than gambling.

I have subsequently been told that James Truss of Algo capitals has been taken off front line broking For poor performance. Pity some of my financial downfall and binary difficulties fell under his watch and advice. Miraculously a new broker phoned at my lowest ebb and guess what? He promised the world if I just deposit another 10 a Grand . Who do they think I am Rockefeller.

This report was posted on Ripoff Report on 02/26/2015 07:00 AM and is a permanent record located here: https://www.ripoffreport.com/reports/nrgbinary/internet/nrgbinary-algo-capital-broker-james-truss-warning-from-experience-london-and-global-i-1211811. 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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