FBO blacklisted BinaryDas a long time ago due to their misbehavior towards traders. The main concern of the FBO team was that this broker is not processing withdrawals in a professional manner, but is withholding their money. Find out more why BinaryDas was blacklisted.
Unfortunately, some traders never got their money back, and it seems that BinaryDas has closed down in the meantime. Yet, FBO wants to warn traders why is it important to find a reliable and trustworthy broker in order to successfully trade binary options. In this article, you will find two stories about traders who out their trust into wrong broker – BinaryDas.
BinaryDas Unauthorized Bonus and Withdrawal Issues
One of our readers reached to us with a story about his bad experience with this broker. First, the trader made a deposit and decided to use BinaryDas auto trading system which leads to him losing all his money.
Then, an account manager called him, convinced him to deposit more money and trade risk-free trades that are impossible to loose. However, the trader lost and then the BinaryDas broker added an unauthorized bonus.
The trader didn’t want to trade for some time, but a few months later decided to give broker the second chance. This time, he managed to turn his $2000 investment into $239,000 profit, without auto trading. However, when he wanted to withdraw his profits, he was informed that his account is frozen. Afterward, he received several phone calls from people claiming they can help him withdraw his money, but only with a commission. He also talked to BinaryDas legal service that informed him that withdrawal is possible, but only with a high fee of 15%.
The trader was disappointed and felt frauded as many traders have been able to withdraw their profit without such high fees, but was also provided with better user experience, even though by other brokers.
BinaryDas closing Profitable accounts
Another trader made a deposit in the amount of $15,000 and accepted the bonus of $4,500. He was trading on BinaryDas platform for an entire year and made $74,000 profit. When he applied for a withdrawal, he only got the deposited $15,000 and was notified that his account was deleted.
The trader still kept a screenshot of his account with $47,000 on it, but when he tried to reach out for his money, he was warned that his account is under investigation.
The trader was unable to withdraw his funds, without any additional explanation.
BinaryDas’ reputation is that they are almost impossible to talk with, and they ignore any attempt of communication. Unfortunately, FBO had experience with them before and knows that every attempt is futile.
These are only some scenarios traders may encounter while trading binary options with scam brokers. More about scam brokers practices read here. For such reasons, it is always recommended to trade only with top brokers from our best brokers list who are trustworthy and reliable, and to check out our Black List before making a deposit.