The-1k-Challenge.net
Complaint 285886 Details

Yet another Binary options/broker scam. They promise to give you $1,000 to help you in starting to trade which is nothing more than a slick way of promoting the broker since its only the broker who can offer this "bonus", and the "bonus" is really only a matching bonus for money YOU have to invest initially to even get started in the first place. I deposited $250 which was the minimum to open my broker account with Vault Options, which they then did match to give me total of $500 for this automated system "X" to trade with. To their credit, the first day or so, I was up to almost $700 when the wins quickly turned into a steady stream of losses by the double digits. Since the minimum trade amount is $25 it didn't take long for the account to drop below $500, and sharply within the first few weeks to under $250!! By then I had enough patience, and just wanted it to stop trading with my money, as the win/loss rate was barely even 50%. Immediately upon submission of that support ticket the account balance was bled dry to under $25 dollars,, totally busted my account and lost ALL my money I invested. They never even returned a response to my support ticket. To all would be traders, take the time to find a broker that offers a TOTALLY FREE DEMO ACCOUNT, then take the time to study ur trade, study the market trends and form your OWN system of trading. NEVER trust "bots". They may start out fine, but overtime they have no emotion or financial wisdom of risky trading. They will lose ur money.