Complaint / review text:
On 10/15/12 I deposited $3,000 in VIP Binary account to trade Binary options. I was told by Freddy Rod that if I deposited the $3,000 I would receive a 100% bonus for my trades and they would be protected. He also I was not investing my own money.
After I deposited $3,000 Freddy Rod suggested I invest in 3 options 2 out of 3 investments lost. I received my bonus for the 2 options that lost. The next day I wanted to invest with only the money I already on deposit. Freddy Rod selected 2 more investments, and then before he hung up he said I had to deposit $2,000 to protect the trade. I told him I did not want to deposit $2,000 he said he was trying to get me in the Gold Members status. I asked Freddy when I could withdraw my money he said in 3 days. I responded I will deposit the money only if I can have my money withdrawn within 3 days. I deposited the $2,000 into my VIP Binary account my investments lost and I never have heard from Freddy Rod again. I submitted several e-mail, contacted Live-chat and called. The phone number always says the caller you have called is on the phone.
VIP Binary Company and employees is misrepresenting themselves and binary options. The company takes your money and will not let you withdraw any of it no matter how many requests you have submitted. This company is a Ponzi scheme and it needs to be shut down and thoroughly investigated. I want my $5,000 returned for misrepresenting the services provided from their company.