How Roger became a victim of fraud by BinaryOnline?
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BinaryOnline is owned and operated by Zola Ltd and are an unlicensed broker. Their location is Sofia Bulgaria and was founded in 2016. It claims to operate in 100 countries and has 200000+ registered users
The web trading is new Spot5 Premium Trading System and has full feature version. It is easy to use the software. It includes CFD trading and multiple types of binary options. Investors can choose from a variety of assets to trade. Like commodities, forex, stocks and market indexes.
Binary options that are available are high/low, one touch and range options, high-speed options like 1, 1.5, 2, 3, and 5-minute options. Also social/copy trading is available on their website.
They have both regular and Islamic account. They have three account types Takeoff ($ 250), Standard ($ 2500), and Premium ($ 10000) and a welcome bonus of 25%, 50%, and 75% respectively.
They do not have broker’s license from any of the known valid license givers that is CySEC of Cyprus, ASIC of Australia or CFTC of America.
Roger, in his comment on .scambroker.com, discusses, in brief, their modus operandi. He says there is online popup ad seemingly from CNN Tech which is a promising automated bot trading by Julian Assange. Once you deposit $250 within an hour or so you will get a call from a lady broker to increase your deposit to $10000 so she does not waste her time on a small amount. Later on, he got a call from Ibna Hudson telling him there is a need for compliance data for refund purposes needed for AML compliance. According to Roger T&C are one-sided and data protection is sloppy which a trait of all online scammers is. If you have been a fraud by BinaryOnline or any other fraud company you can approach MyChargeBack to get a refund of your investments made through credit/debit card. They will guide, help and support at each and every step in the process to recovery.