Fraud by Binary Options | CFD Trading | Crypto Trading | Forex Trading

The supposedly fast profit from online trading platforms for Binary Options, CFD Trading, Crypto Trading and Forex Trading quickly becomes a loss trap ...

The supposedly fast profit from online trading platforms for Binary Options, CFD Trading, Crypto Trading and Forex Trading quickly becomes a loss trap.

These platforms are usually based on fraud. Sophisticated software first tricks customers into believing that they are making a profit, so that more and more money is invested. When then suddenly, mostly overnight, a total loss occurs, which should have resulted from negative price developments, it was always assured. What is not mentioned, however, is that the money invested by the customers was never invested, but was deducted via front companies into their own pocket when customers made their first deposit. These are highly criminal machinations by internet and cyber fraudsters.

We warn against investing money in such online trading platforms. There are already several thousand victims across Europe and the harm volumes go into the hundreds of millions of Euros

In the past we have dealt with the following fraudulent online trading platforms:

• 24option
• BigOption
• CT Option
• Geneva Option
• GTP Capital
• Invest.com
• Invory Option
• Option500
• Option888
• Plusoption.com
• Prestige Option
• Safemarkets
• Secondinvest.vom
• Stackoptions
• Stockpairs
• Trade.com
• Tradorax
• UB4Trade
• UK Options
• VX Markets
• wmoptions

We at SCHEIBER Attorneys at Law already represent victims of these scams. Very often further damage can be prevented by quick action.

The first steps should be:

• Stop bank transfers Transfers already made can often be retrieved.
• Stop credit card payments Credit card payments can be charged back under certain conditions.
• Police and prosecution involvement Only recently, a cooperation between the Austrian Federal Criminal Police Office, foreign authorities and Europol succeeded in arresting cyber criminals.