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72Option Broker Review
With binary options trading experiencing one of its most important growth periods, brokers and trading platforms are coming into the market in numbers never seen before. Reviewing them is perhaps the best way to separate the wheat from the chaff. 72Option is a fairly new binary options broker that has been very visible in recent months. As a trader, you will find this broker has an exciting new platform to trade from. The broker has a wide asset index like IQ Option has as well as an enhanced customized service policy. It looks like a professional service. Test also the Option Robot for automated trading!
Features of 72Option Trading Software
This broker uses the SpotOption trading platform. It is one of the most popular trading platforms among all the best binary options brokers in binary options. This platform offers a wide variety of trading options giving traders a wide choice of options that they can trade with at any time. SpotOption supports many of the leasing brokers and it’s no surprise to see that it’s attracting new brokers as well. With SpotOption, traders are assured of a smooth trading experience especially with all the improvements made in recent updates.
The payout that a broker offers traders is a crucial factor when looking at the worthiness of a broker. People trade in binary options for the return on investment; all other features are supposed to complement these returns. 72Option offers a maximum payout of 85% per trade. This payout is not standard for all trades. Some assets will have a larger payout than others. As a trader, you may want to look for the assets that suit you and your trading strategy.
72option main page
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How to Make Money with Binary Option Robot
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Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.Best Binary Options Brokers 2020:
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Only For Experienced Traders.
4. Collect your Earnings
Finally, you collect your earnings (the good part!)
TABLE OF CONTENT
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Traders in binary options are increasingly viewing the level and professionalism of a broker’s client support as one of the main features to look out for when they are selecting a broker. 72Option seems to have a good customer support system. The staff helping you out are knowledgeable and helpful. They also respond quite efficiently especially when you are seeking assistance through the live chat feature. We can only hope that the standards don’t drop as time goes on. With this broker, traders have the option of contacting the helpdesk via live chat, email or telephone. For email queries, the response is usually within one or two days. Currently you can obtain help if you use any of the following languages: English, Italian, German and Chinese. With the expansion of binary options across the globe, 72Option will have no choice but to expand on these languages.
For security and verification purposes, you will need to send some ID verification documents for the deposit and first withdrawal. The best thing to do, is to send the documents straight away to avoid delays in future deposits and withdrawals. If you want to make a deposit, you can use any of the following accepted cards: Delta, MasterCard, Visa and Maestro. Bank wire transfers are also accepted. Net Wallets are not accepted by 72Option. The minimum initial deposit with this broker is $250. For withdrawals, the broker restricts traders to a minimum of $100 if you wish to withdraw using bank wire transfer, or $500 if you want to withdraw by credit or debit card. Withdrawals here take a little longer to be processed; five to seven business days. This quite a long period considering most brokers are aiming for a one or two day wait for withdrawals.
All brokers in binary options give bonuses to traders. 72Option give a signup bonus. It is given to all traders who make a deposit into their new trading account. The percentage of the deposit that you will receive as a bonus will depend on the amount that you posted as your deposit. For large deposits, $10,000 or more, the bonus will be 100%. There is also a refer-a-friend bonus of $100 every time a trader you have introduced to 72Option brokers opens a trading account.
While bonuses are good and give the trader an extra amount to trade with, they almost always come with stringent conditions. For 72Option, you must trade the amount equivalent to your deposit at least 30 times before you are able to withdraw your profits from trading these bonuses. It is good to study the terms and conditions regarding bonuses so you can decide if you want to accept them or opt out.
72option trading system
Four Different Option Types
Call and Put Options
This is the basic binary options trading option. It involves a simple prediction, whether the price of an asset will rise or fall within a specific time frame. Here, a trader will buy a “call” option if they predict that the price of a specific asset will rise. If they predict that the specific asset’s price will fall, they will buy a “put” option. The trader will then select the time period in which they think the price will have changed to their prediction. This is the expiry time. A stake in monetary terms will be put forth for this trade. The trade matures when this time expires and the trader either wins a return or loses his entire investment.
This is an option with very high returns, 72Option offers payouts as high as 720%. This makes it the one option that commands the highest earnings per trade. The reason why this payout is so high is that the chances of being ‘in the money’ with this trade is significantly lower than in the “call” or “put” options.
This option is different from the “call” or “put” option in that the trader is required to select the specifics of the asset, the amount and then the direction of the price. It has a predetermined expiry time of 60 seconds hence the name. It is very popular with traders because it is specific, it is quick and it is quite simple.
Here, traders have the privilege of determining their own ratios for profit and loss. It is a little more complicated but experienced traders like it because they can assume full control over their trades and their execution.
The Range of Expiry Periods
72Option also provides a total 10 expiry periods within which traders can base their trades on. These periods are:
- 30 seconds
- 60 seconds
- 90 seconds
- 2 minutes
- 5 minutes
- 15 minutes
- 30 minutes
- 45 minutes
- 1 hour
- End Of Day
With more and more people using mobile devices for their internet access for business and personal matters, it is inevitable that modern binary option brokers have applications that enable traders access to their accounts via smartphones. 72Option have developed their own app which is available on iOS and Android platforms. With these apps, traders have full access to their trading accounts including receiving option signals, selecting expiry periods and executing trades. Traders all over the world will have real time info on mobile devices and they can now trade wherever they are and at whatever time they want.
Account Opening at 72Option
Opening a trading account has never been easier in binary options. With the 72Option broker, you will have your account up and running within minutes. On the first page there is a form that you need to fill out with your contact details. You will then customize your account by defining aspects such as the currency that you will use to trade, and the options you will use for making deposits and withdrawals. You will also make your minimum deposit which in this case is set at a minimum of $250.
72Option is free to trade with. To make trades with this broker, you need an account. What will not be needed from you is a fee to open the account. Apart from the initial deposit, which is your money anyway, you will not be asked to part with any more money to open, maintain or update your account.
To be a good trader, you must keep making an effort to improve yourself in terms of information, strategies, updates, interpretation of signals and the execution of trades. 72Option makes this possible by preparing and disseminating among the traders, information that is reliable, timely and helpful. Traders can use the available resources to improve themselves so that they can be more profitable in the binary options market.
With 72Option, there are direct training sessions with professional traders, market analysts, and other experts in binary options. These sessions are to help traders gain skills and knowledge. This training is especially essential for beginners. It will help them find their footing in the confusing world that binary options can be. There are also live webinars where traders are invited to learn about general information on binary options and how to make it work with 72Option brokers.
All traders are allocated a personal account manager. Their work is cut out for them, especially with beginners who want to learn as quickly as possible so that they can start trading seriously.
The Asset Index at 72Option
72Option has more than 120 different assets that traders can trade with. It will be up to the trader to find out which assets work out best for them. The beauty of a wide asset index is the freedom to choose which asset to trade with at any time. The assets are in the main indices, the most profitable commodities, currencies and the main global stocks.
To succeed in binary options, traders need to use a wide range of trading strategies. Some of them they will formulate for themselves as their experience in binary options expands. Others will be provided by the broker. 72Option has a strategy adviser in their system. It is a series of charts and graphs that help the trader determine the best strategies for all trades that they make. Taking advantage of this tool is good for the traders because it is based on live charts in the financial markets.
Trades will not be successful if they are not backed up by great signals. This means that your broker must be able to generate the best signals. 72Option has been found to have an accuracy of 70% to 75%. This is not the best in the market but it is impressive all the same. Although the broker does not prevent any trader from engaging an independent signal provider, if they think it will be beneficial to them, traders here will be unlikely to need to engage the services of independent signal providers.
Support for Beginners
As is the case everywhere, experience will help you make higher profits than someone who is not experienced. For beginners, it may seem a little rough in the beginning. This broker welcomes beginners with open arms. This is because they realize that a well natured novice turns into a very good trader, with time. The training facilities this broker has are modern and streamlined to meet the demands of the modern binary options trader. The presence of an account manager solves a lot of problems for the new trader. This is because they hold the hand of a new trader and guides them to experience and profitability.
72Option looks like it will be a good binary options trader in time. Being new, the signs are there, but they are not conclusive enough to declare it a great broker that you should make your investments with. This broker should be given more time so that they can prove themselves in this competitive market. The fact that they do not have a demo account is a little off-putting, especially for beginners. A dummy account to make their baby moves with before they move to make real money trades is a big drawcard for a novice.
What you should do now is to opt for Binary Option Robot as your broker. This is because they are experienced, reliable and have a good track record of having a good return on investment for traders who have opted to use them as their broker. With a trading system that is already successful in the binary options market, you will not go wrong with Binary Option Robot.
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72 Option Scam Test 2020
Since this is an outdated article, we recommend that you take a look at our 72option Scam Alert.
72 Option is regarded as on the most influential binary option brokers in the world. The rates they produce are copied by many other brokers in the business. To get a better understanding of how percentage points are adjusted per asset, continue reading as I will explain later on. As far as professionalism, you won’t have a better trading experience compared to any other broker.
72 OPTION SCAM TEST 2020 | AUTHENTICATION
Binary option, along with a slew of other online trading forms, are susceptible to money laundering and fraud, so it is important for every binary option broker to do their due diligence in order protect their institute from financial failures and legal issues. To avoid any issues with traders and false accounts, investors must verify their accounts when opening their trading portfolio. A proof of residency, such as a utility bill or bank statement, as well as government issued ID. The information that you share with brokers is too be kept private and secure, as everything must comply with European trading laws, meaning 72 Option scam moves are inexistent.
72 OPTION SCAM TEST 2020 | DEPOSIT
The minimum amount needed to open an account with 72 Option is $250 during the initial funding stage. After you have made your first deposit, which may be greater the minimum requirement of $250, you may enter the site and make deposits into your account without speaking with a broker or to the customer service.
Bonuses may be offered to traders when first registering for an account, and for those traders who are already members of 72 Option trading platform, they receive bonuses based on trading performances.
72 OPTION TEST 2020 | TRADING PLATFORM
Although the company is named 72 Option, in fact there are over 200 assets available to be traded on their platform. 72 Option works closely with the industry’s leading platform provider, Spot Option, therefore the rates offered at 72 Option are copied throughout the industry as they are seen as the market maker for the binary option trading industry.
The platform consists of the standard Call/Put trades, as well as short term trades which only last 60 seconds. For long term trading, there is a section specifically for those type of investments, as well as the ability to make trades on the weekend. Weekend trading is special to binary options, because when markets are closed binary option traders have the ability to go onto their trading platform to make trades for the upcoming week.
One Touch and Ladder trading are trading options for advanced traders. To land in the money on either of those types of trades is much more complicated than the basic Call/Put trade, but the pay-out rates are far superior, meaning that 72 Option scam rumours are incorrect.
72 OPTION SCAM TEST 2020 | PROTECTION
The scam test for 72 Option has come back with no negative results. The institute is regulated with the European trading system, and follows all laws and regulations set up before them by CySEC, which covers more than 30 nations in Europe. Legally traders and brokers are protected by this organization, as they oversee the operations and compliance associated with binary options.
On the technical side of the equation, 72 Option as broker is legit, as they use Spot Option’s services. The data on the trading floor is live, as the information is pulled from trusted data providers.
Payments made in and out of the system are SSL encrypted, and comply with PCI, meaning that the firm only has the last four digits of the credit/debit card used to fund the trading account.
72 OPTION SCAM TEST | CONCLUSION
In general, 72 Option passed all of the scam tests related to clearing a brokerage as accepted to be recommended. The firm has an excellent website, and when discussing account and trading issues on the phone, their representatives were very knowledgeable and helpful. The company complies with European regulations, as that is where the organization headquarters their company, and requires all of their traders to oblige with the rules, whether they are trading from outside the region or not.
72option is a simulation, they went to great lengths to make it behave like a real trading platform.They then initiated a marketing blitz which trapped both novices and experienced traders. You deposit your initial investment, it grows, or your convinced that it is to little to work with and you should put in more and take the BONUS. Your done, a succession of account managers give you trades, the platform has lots of little tricks like; if your not quick and observant while setting the trades the dates and amounts change just as you execute the trade. 72option uses a bank called Credorax, sounds like a character from 72options account manager Jonathon Grey’s often quoted sci fi favourite Wheel of time, and they hold a licence for ” something” in Malta. I think a licence obtained from a cereal packet would have more validity.
Mastercard initiated a charge back on my behalf but MasterCard deemed the transactions valid despite 72option being listed as a scam trader with the FCA and ACCC in Australia. An organ of the MasterCard investigation team agreed that 72option could be selling black market baby organs but as long as the merchant crossed their T’s and dotted their I’s no charge back would occur. I believe this could be seen as enabling criminal enterprise. I obtained the proxy IP address of 72option.com.. 10715420201 the domain host https://godaddy, made an abuse claim and low and behold 72option moved domain or was kicked off, the address was in california USA aren’t the likes of 72option illegal in the states? I received a threatening phone call from a US number, I have a louder more threatening manner.
Another oddity when I started the charge back, which took 8 months incidentally, I was swamped with approaches from charge back companies who knew the particulars of my dealings with 72option. All of these companies used the same web designer as 72option, one in fact had exactly the same animated stick figures 72option used for a time. Of course none were interested in going halves in the recovery I had to pony up 25% in advance; Hmm.
Some in 72option’s employ may feel a little uncomfortable at being turned to crime, probably by threat from the Bulgarian mafia, because a received a lame reply from one David Claude, senior account manager, after I castigated him for his and 72option’s behaviour,
“I’m not that person” presumably typed with a sob.
In closing, they might think they are safe, they might.
Have you got any further with this Steve?
72option is a scam for real…try to record your phone calls and save every detail you have against them to sue them…i have traded large amount of cash with broker Ali Sterling who swears he will get you the money back after my deposit..as many of you they want you to deposit more cash in order to withdraw cash which doesn’t make any sense… last thing the broker Ali Sterling said you need to PAY international tax in order for you claim all your winnings which i ended up borrowing cash from people and i sent the cash to them. once he received the amount he claimed he sent the winning fee to my bank account and provided me with a fake reference number and claims the problem is from the receiver bank not us and its been months since that incident and nothing have happened. i strongly suggest you to look for a recovery expert and sue them which im doing right now.
Hi can I just check with you, if u winning from trade 72option.com any reason why they didn’t pay back? If I reported to recovery expect what kind of money they will return to us? Including profit or all the balance in the account? Any changes from expect or not? Please let me know ASAP
These people deserve to be shot. They took me for £33000. Scammers who have no heart, no life and their parents mat hate them.
Some Guys Andrew and Christian kept advertising 72 option and maximus crytobot. I just realized that it’s all scam. Their recommended broker on maximus bot are scams. I they stold my money today.
I lost a lot of money to them too , I was lucky to get my money back because I quickly filed a chargeback by reaching out to a recovery expert. Stay away
The worst binary option ever! Their signals are inaccurate. I deposited $250 and I started auto-trading, now I am left with $30 and now I read about you can’t withdraw your money? So then what’s the use of making profits when you can’t withdraw it?
These people are complete scammers. STAY AWAY. Have devastated my life. Don’t know how the c***** sleep at night. Complete criminals!
This trader is a scam. I have just instigated a chargeback and refunded some of my credit card deposits
I traded on a video game where in theory I lost all my money
They are a bunch of conmen – Andrew miller, Ben Williams, Andrew landau
They even suspended me from trading because I had been trading illegally – hypocrits
I believe I have been scammed 1000 pounds as well . I was re-assured by the person called nicole hendricks that I would not loose my money as they also add the deposit and this is to ensure they do thier best to make profit. Once I invested they stopped calling me when i called them they told me i HAVE JUST LOST AS APPLES DID NOT DO WELL. Apparently they traded with NADSAQ. Please dont trade they are the biggest scam
I have also joined 72option trading recently and deposited £3000 altogether,but decided to withdraw as my balance on my account was down to nothing,my account manager reassured me about the 100% bunos that I can avail that I can also withdraw anytime I want,did any one of you able to get you’re money back?
72 option is absolutely scam, the person called Nick Holden he gave me completely wrong advices in order to cheat me. Do NOT invest with them, no matter what Nick Holden said to you, he is very good at cheating others. I just lost more than 2000 pounds. Their Qbits system trading signals or autotrading are very INACCURATE as well. DON’T trust them, they deliberately cheat you let you lose money so at the same time, they WIN.
Please stay away from 72 option and also binary robot 365. I was lucky that I only lost the deposit and not a huge amount. They just want you to sign up to different web sites so you get the best trading platform.
I realized I had lost all my investment with 72Options brokers when I tried to make withdrawal of profits made from 5 months trading. It was devastating and depressing. I hired a Professional who helped me charge back. He recovered all my funds without complications. I’m glad to share my experience and hope potential investors do not make same mistake investing their hard earned money on Binary options.
Am currently trading with them or shall i called myself being scammed as the story more or less the same. from usd250 and now my deposit is usd100,000.. its so difficult to withdraw. please kindly share your experiences how to gain back all the money. thank you
Currently I have a trading account balance in excess of $25,000, having invested $5,000 initially. After transferring back into my account $1,000 last year I cannot get back the other $4,000 from 72options as they tell me I need a minimum trading balance of $125,000 to be able to withdraw any more funds. They keep sending emails from different “account managers” asking for a convenient time to call me but even after giving detailed time frames they never call but just instruct per email to open trades as specified by them. Because of a 10 hour time delay in Australia they just don’t bother to call at my time, only send emails in the middle of the Australian night time.
What kind of “Professional” person helped you to recover your funds? Are you at liberty to give this information? Regards, Ursula
Read your message about 72 options
They lie to me made me believe that there bonus was to keep my money safe
And could withdraw anytime, but it was all lies
Any advice how I can get my money back please, as nothing was mentioned about Turn over .
Hi guys, this binary option was linked thru Yahoo under “Blazing Trader”, I was tricked, suggest anyone to stay away.
Stay away from 72option, scammers, andrew miller, scammers.
GUYS PLEASE PLEASE STAY AWAY FROM 72 OPTION. THIS IS A MASSIVE FRAUD. THEY WILL TAKE YOUR MONEY PLAY WITH YOUR MONEY AND GIVES YOU SHIT. WHEN YOU LOOSE AND ASK QUESTION THEY WILL THREATEN YOU TO DEATH. THIS IS BIG CON. STAY AWAY AND SAVE YOUR MONEY.
I’m not sure how many of you still read these blogs, but I also came across 72Option. A person called Jerry Brown, Account Manager called me a few times from a New South Wales (Australia) landline number and explained to me that they are heavily regulated by U.K. and Europe governments and asked me for the minimum $250 USD, which is about $300 Australian dollars, as I am based in Australia. This is the minimum deposit and he reassured me that it is a one time only deposit. I mentioned to him that I did not have the funds currently and if he can give me a few days extension, to which he responded via email the following day that he managed to get this approved. I told him that I need to seek legal advice before I proceed, but having read all of the above comments, I won’t proceed any further, and my solicitor at Legal Aid, while did not commit to an all-out decision about scam or not, strongly advised me to be wary of this particular broker.
Biggest scammers in the world
If you haven’t already DON’T go near these guys, the are the biggest scam artists all wrapped in a polite positive big PINK bow. You WILL lose any money you put in.
They all talk same shit when are calling..
BIG Red flag.
I was thinking to invest some money… But After reading this, I don’t think so…
Cheers and keep money on safe..
Glad our article could help
If you’re still looking for a broker to invest with, though, may I recommend this one: https://binaryoptionstrading-review.com/iq-option-review-2020/
Honestly, I don’t think you’ll find a better company at the moment.
I have just come to the realisation that I will never see my money again. Same as many off you I initially invested £250 and then got a call and were very persistent to invest more. In all they got me for £20k. I still have trades in my have just sold some and requested a £2k withdrawal but I doubt that will be approved. Was promised that my card payments would be covered but never materialised. Don’t know what to do now to get my money back.
Go to mychargeback company who can get your deposits made providing your bank lodges a claim within 540 days of each deposit
I got a lot of money back using this company
Agreed. If Mychargeback can’t get your money back, no one can.
I received an email from a guy on the video called Andrew miller getting on his private jet and arriving at his company Quantum Enterprises where it is is not known, then one of his staff shows you how the Quantum code software beats other systems 100% a winner you cannot lose. You are then invited to apply to a trusted broker which happens to be &2 option in Sofia Bulgaria and open an account. You then get a video of him if you do not put a deposit of £250 saying there is only one spot left that day out of 20. I could not make a deposit for some reason and I guess I saved losing £250 not a lot of money but no wonder this guy has so much money it could be mine or yours I wonder if he owns 72 options as well. I might have missed out on making a hell of a lot of money, or I might have save myself £250 I will never Know. If I had got my deposit in on time I could be flying around the world like Mr Andrew Miller, pity I always miss out.
72option, scammers, scammers,
Hi I’m experiencing the very same probs I am going to report this company to the police and every other authority dealing with financial fraud if we all do this m sure they will take action and maybe get some people at 72 option jailed.
thank you for your experiences was just about to deposit funds I knew it was too good to be true
no service at all.
72Option is definitely a scam company. I deposited the required £250. I was told i would get a call from someone to give me training. I thought i could use that to learn the tricks of the game. I got a call from Andrew Miller. He said he would train me to make money but i had to bring my account to Gold standard. ie. deposit £10,000. I told him i didnt have it. He persuaded me so much and even said i should bring only £5k and the company will put £5k so i can get the benefits of the Gold account. He said the benefit was that my money was protected and i could get it back if i asked for it. I thought well there was nothing to loose so I used my credit card to put the £5k. My 72option account was credited with another £5k from them (At this point, there was £10k in the account). They sent me a document to sign which i foolishly signed still believing that i could draw my deposit due to insurance.) Andrew then told me what to do which i did. Apparently, his plan was to let me loose the £5k. I was scarred and told him i didn’t want to loose the money. Andrew convinced me that the only way to get the insurance was to make my account a gold account by depositing the full £10k but since I had only given £5k. He said i should give another £5k and they will give me £10k. I argued that i didn’t have the money. He literally forced me to try using my credit card again as i told him i didn’t have enough. Again i foolishly did and another £2k payment was made. He asked me to ask friends to borrow me as i would get the money back before the end of the week. He said i had nothing to loose. I even recorded the conversation. Again i foolishly obliged as all wanted was to get back the money i had put in and since his advice was that i could only get it back by having the gold account. I quickly borrowed £3k and sent to them. Now i had the required amount, Andrew called me to place some trade, which i did. I then tried to withdraw some of my money £2500 (as i had borrowed from people that i wanted to repay) within the insured period.
I received an email next day saying my request had been withdrawn as i had open trades.
Andrew called me a later to say i should bring £35k for some other type of account. Of course by now he had gone on a holiday to Rome and was sending me pictures of a very expensive watch and telling me how he bought designer bags and shoes for himself an wife and how my life could be transformed if i just invested the £35k. I told him i wasnt moved by those material things. I only wanted to make money to sort family issues on ground. In fact he chats with you so well that you actually open up to him. When i told him i didnt have £35k to give, he said i could borrow from my dad. ( I remembered then that in one of our chats, i had mentioned my dad was a CEO in a company). I laughed and told him i couldn’t borrow from him. he told me to take a bank loan as I must have good credit rating given my higher credit card allowance. When he saw i wasn’t giving in, he came up with a new tactics.
He said he saw that i had made a withdrawal request that was denied. He said it was denied because i had received two deposits from the company and i will never be able to withdraw any of my £10k. that it was an internal error. I told him if it was an internal error, could it not be corrected internally. He said no that the only way to correct it was for me to open another 72option account and use it as a liquidation account where i move money from the first account with withdrawal limitation to the new which i can then withdraw feely. I said I’m happy with that. Then the bombshell – I had to deposit another £10k to the new account for it to qualify. As usual, he said I had nothing to loose and i wouldn’t trade at all with the new account so nothing can stop the withdrawal. I told him i would speak to my brother to loan me the money. Andrew tried to reach me on phone literally every hour to know the outcome of the conversation with my brother. When finally spoke him, i told him that to give me assurance that i will get the new £10k back, he should process the original £2.5k withdrawal I requested. that way, i will know that they keep their own side of the bargain. He told me that wasn’t possible and there was no other way for me to get back my £10k unless i furnish the new account with a new £10k. Anyway. I’ve been foolish once. I cant be foolish again. I don’t know if there are processes i can take to recover if not all but some of my original deposit. I will appreciate any advice. In the meantime, Andrew doesn’t call me anymore. I’m no longer a cash cow to him. When he was convincing me to put the money he was very patient on the phone with me spent more than 3hours to get the money. When i became difficult releasing the money, his calls didn’t last longer than 5 mins with a promise to call in the hour to see if i had arranged the money. Now that I’ve told him i wasn’t putting any more money, I haven’t heard from him.
What I do know is that he will get what awaits him as it is wicked to deceive people who have put their trust in you.
I know exactly how you were duped as I was duped in exactly the same way. I started off with the minimum £250 intending to play with £25 lots to see what I could achieve. I looked for an outfit who were recommended and, lol and behold, 72Option came up, phoned me and off we went. I was made to feel very insignificant with my tiny £250, although my first few positions, recommended by my so called account manager came up trumps. I was then persuaded to, like you, part with £5000 on the credit card, and then, believe it or not, another £5000 was taken from my card. It was all explained as OPM (other people’s money) which would be returned to my credit card before the monthly payment was due. This £10000 was placed on a position which, very soon after, lost. I was told that all was well as the position had been “risk free” and covered by insurance. So £8000 of my £10000 was returned to my account. Another £5000 position was set up, and then doubled to £10000. At this point I asked if these positions were covered by the sort of insurance I had been led to believe had been in effect for the previous mentioned positions. I was told that this was not the case, so I asked if I could insure against this loss, and duly paid a £2500 premium. These positions succeeded and so my insurance had been unnecessary. Along with earlier won positions, my account with 72Option stood at £29000. At this point I decided to repay amounts taken from my credit card, and duly applied for £5000 to be returned to the card in question. After several days I was informed that as I had accepted the “bonus payment” I was not entitled to make any withdrawals from my account before a large number of high value trades had been made, about which I knew nothing. I had not asked for the bonus and I had not been told about this condition, although it is there to read in the small print which I had not read. Neither was I given the opportunity to refuse this so called “insurance, bonus, risk free” amount. Following this I was contacted by one called the chief trade coordinator who told me that he would help me get through this trading period in a comparatively short period of time when I could then withdraw everything, or keep on trading. He insisted on taking more money from a credit card which should have warned me, and I cancelled the payment. At this point he became positively unpleasant, saying that without this further deposit he could not help me and I would be unlikely to recover my £29000. This terrified me somewhat as I am sure that you will understand, and I relented and added £2000, total now just short of £31000. He then set up 6 positions of £5000 each, 2 gold, 1 oil, and 3 in AEX. The first three were lost within he next 8 hours, the gold and the oil, and the second 3 were lost 6 weeks later at the end of June leaving just £1300 in my account, including one other small gain. The chief trade coordinator was now nowhere to be seen, no apology for this very major loss, or any other communication. I was then contacted by another account manager who sorted 5 positions with this remaking money to mature during the next few weeks. 1 is showing positive at the moment, and the other 4 are showing loss. Clearly this appears to me to have been an attempt to clear out my account leaving me with the remaining 98p by recommending failing positions. If you, or anyone else thinks that there is anything which can do to either recover money, or at least punish the perpetrators I am all for it. Their addresses and telephone numbers are difficult to trace but I do know that they have an office in The Gherkin building in London. I am using my pen name at the moment until we can really get an act together.
Please be very wary of them. I have just had a call from same Andrew Miller to say there was good news that i could get some of my deposit back as my trade had maturted to a profit. (I had placed two long term traded with google & apple for £2500 each. I lost one and wone the other so overall, it was a loss as i had traded £5000 to gain only £4250). Anyways, i was no longer interested in trading. I was happy to let the £10k go. But he called me today to say he could transfer £4k back to my card but i needed to confirm the card details so i gave him the details. I stressed to him that i wasn’t authorizing any more trades. Few minutes later a message came on my phone from my bank saying £1k had been drawn to click yes or No. I chose to call the bank and after i got through to the bank, I was told that £3k had been authorized. I argued that i didn’t authorize this money. I asked the bank to cancel the card immediately. I then called Andrew Miller to query the transaction and he said i had authorized him and that he had a recorded the conversation. He told me not to worry that now he could win me back the money but i needed to sign the declaration agreement which i told i wasn’t going to sign as i hadn’t authorized the transaction. A heated argument ensued after which i ended the call.
A few hours later i got a call from my bank that Epic ventures was trying to draw two payments from my card £1500 and £2500. Thank God i had just cancelled the card otherwise, the bank would have let it through. I
was also told by the bank that I couldn’t get bank the £10k I had paid as it was regarded as online gambling. I don’t think there is any kind of cover or anything one can do to apprehend these scammers otherwise they wouldn’t be so bold ripping people off like so. I can only advice you to destroy the cards you have used for payment and don’t give in to any of their tricks any advice to refund you is another scam to get more money out of you. Note Epic Ventures & 72option are one and the same company. Everyone beware. I just wish i had searched for reviews before getting involved in this.
Same story with me, stay away from 72option, andrew miller
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