Day Trading Binary Options Etrade

Investment scam victim

My story

I was contacted over the phone by an online trader who specialised in binary options, cryptocurrency and forex trading. He said his company was on the cut edge and used the latest technology and could offer guaranteed returns. I invested a few thousand and used their online platform, which seemed to work very well. I could run across my trades were resulting in skillful profits. I invested more at their insistence and they promised I would earn even more.

When I wanted to withdraw my money I was told I would need to pay taxes on my profits before I could access it. I was never warned about this but they insisted I needed to pay taxes before I could go my coin back. After I asked for my money, my trades started to fail and my accumulated profits were starting to decrease. They pressured me to invest more so that I could reverse the situation by increasing my 'trades volume'. They said I would lose everything unless I invested more as an emergency.

I feel very embarrassed past this scam — they were very convincing and professional. They stated I would be 'kicked off the market' because my trades were declining and I was reduced to 3 per cent of my initial investment only by that point I knew it was all fake.

Signs this was a scam

The victim was:

phoned out of the blue by a stranger offer unsolicited advice on investments
told he had to pay additional fees (taxes in this case) to access his money, though he was not informed of this earlier
offered 'guaranteed returns'
encouraged to invest more than by being promised higher returns, and then pressured to do then or risk of losing all of his money.

Avoid this type of scam

Hang upwards on the caller and taken some time to think virtually it. Practise inquiry and seek trusted or independent financial or legal advice.
Bank check on the ASIC website to ensure the business is a registered financial counselor. Any concern or person that offers or advises you nigh fiscal products must exist an Australian Financial Services licence holder. Check ASIC's list of companies y'all should not deal with.

*The story above is based on i or more real scam reports received past the ACCC. For privacy purposes the names and images of victims have non been used.

Have you been scammed?

If yous think you've been scammed or know someone who has, study it to the ACCC using our study a scam page.

If y'all have lost money, contact your banking company or fiscal institution immediately.

More information

Day Trading Binary Options Etrade,

Source: https://www.scamwatch.gov.au/get-help/real-life-stories/scam-victims-tell-us-their-stories/investment-scam-i-lost-50-000-in-fake-online-trading

Posted by: mottandook.blogspot.com