B4Binary
Complaint 361583 Details

My story began back in October 2016 when I came across a team that were promising good returns on their trading, the broker they used was B4BINARY. The minimum to deposit to the best of my memory was $500 which resulted in a conversion to £350 which was taken from my debit card.

Almost immediately I had a phone call from B4Binary requesting I upload my documents of identification and proof of address to compliance which I did. Then straight away I had a further call from a “B4Binary Expert Trader”, William Green, who used very persuasive tactics to entice me to deposit more funds, most of his clients has accounts of at least £50,000 but he would be happy to trade even £2,000 for me. I told him that I was not interested in risking more than the £350 which I had already deposited. Over several days I had further calls trying to persuade me to deposit more but I refused. The trader then said that £350 wasn’t enough for him to trade so I requested he return my £350.

This did not happen and then in December after further calls attempting to get more cash from me I was asked to complete a request for to have the £350 paid out. After 2 weeks this then was rejected as the broker said ” We have received your withdrawal request. Unfortunately your request has been denied as you have not attained the necessary trading requirements to qualify for a withdrawal.”

I replied advising I had not given any trading instruction and that B4Binary was using this as an excuse for not repaying my money. Eventually I was phoned by a new broker “Chris” as William Green was no longer working for B4Binary. He again tried to persuade me to deposit more as £350 was too small for him to trade but I kept refusing and he agreed to refund my cash.

So mid February I contact this guy Chris and he is getting straight on to the accounts to have it sent out immediately! After checking my bank daily for a few weeks there was still no sign of the B4Binary cash being repaid.

A month later and after a number of emails for updates I eventually had a reply: “You withdrawal request is still pending. Due to a technical malfunction, some of the withdrawal requests are being processed longer than usual. Please note that in order to get your withdrawal to start its last processing stage, you need to contact your account manager.”

You will see that a Withdraw Request made on 25 January is still Pending and as I write this is 07 June 2017 at 16:17 pm GMT.

So I phone looking for Chris but he is too busy to take my calls. I send support tickets and emails but no responses. I then track down B4Binary Head Office address: Building 3, City West Business Park, Gelderd Road Leeds, West Yorkshire, LS12 6LX and send a letter recorded delivery requesting my cash be returned. After 2 weeks I get a return ok but not the cash, but rather the letter returned marked “not at this address”.

I realise many others have lost tens of thousands due to this B4Binary scam and my deposit is chicken feed in comparison but I feel someone needs to speak out and stop this B4Binary scam from robbing yet more people.

I know there are many others have posted on forums such as http://scambroker.com/tag/b4binary-complaints/ http://www.forexpeacearmy.com/community/threads/b4binary-com-binary-scam-broker-fraud-theft-of-money-from-closed-account.47002/ and others about the B4Binary Scam.