Banc De Binary
Complaint 278657 Details

Robert Zagos, Sam Walton's analyst, who instructed me with details of what to trade, the amount, the expiry time not according to the Banc De Binary money management. He got me to enter two trades $8000 for EUR/USD and double it twice, to the total of $24,000 which is about %50 of my portfolio on one trade. He also got me to enter $8000 for Amazon and double it and another $6000 for Amazon in second trade. In summary, we got two trades, EUR/USD at $24,000 and Amazon at $22,000. That is about 50% of my portfolio each trade. These two trades brought my account down from $54,404.50 to $404.50. Robert Zagos asked if I know much about trading before he had me entered the trades. I replied to him that I do not know much about trading. I have to rely on him. When I saw one of the trades are losing (out of the money), I raised my concern to Robert. He told me to trust him, and assured that it would come back and win. I apologized to him for not trusting in him. However, the trades were a loss, as I feared.

I did not get the help to trade, but instead, Robert Zagos scammed me. He asked if I know much about trading before he had me entered the losing trades. I replied to him that I do not know much about trading. I had to rely on him. He made sure that I don't know how to trade so that he could scam me easily.

Robert Zagos planned for my trading losses. In my Skype chat with Robert Zagos below. He blamed me that I was too slow to enter the trades. But I said If I was too slow and the trades were not good, why then he asked me to double the trades? He could not answer that and just simply said “It happenes dxxx”. So he planned ahead for the losses.

[2:38:09 PM] D....: please return my money.
[2:38:33 PM] Robert Zagos: How?
[2:39:01 PM] D....: get it of where you put it.
[2:39:47 PM] Robert Zagos: It not our money. It's given away to the market makers
[2:40:06 PM] Robert Zagos: We lost a lot of money too d...
[2:40:43 PM] Dxxx: Why did you make it lost?
[2:41:16 PM] Dxxx: I trusted you and you blew off all my account.
[2:41:20 PM] Robert Zagos: I didn't. You did. You took the trades a bit too late.
[2:41:46 PM] D....: no. I got it right when you told me to
[2:42:21 PM] D....: then you told me to double after that twice and three times
[2:42:29 PM] Robert Zagos: Not really. I think you were a bit too slow
[2:42:37 PM] Dxxx: if it was late, you did not tell me to double
[2:42:49 PM] Robert Zagos: It happenes dxxx
[2:43:07 PM] Dxxx: you induced the loss
[2:43:16 PM] Dxxx: to get my money
[2:43:19 PM] Robert Zagos: I almost lost my job over this
[2:43:37 PM] Robert Zagos: What do you mean: to get my money?
[2:43:49 PM] Robert Zagos: You think I have it? I wish...
[2:43:59 PM] Dxxx: the money that was charged from my 3 credit cards
[2:43:59 PM] Robert Zagos: I almost lost my job
[2:44:29 PM] Robert Zagos: So? You wanted to trade.
[2:47:41 PM] Dxxx: Please return my money!
[2:48:21 PM] Robert Zagos: Dxxx stop. I don't have your money. No one here does