Topic: PrimeBrokerz Scam alert (Read 201 times)

This is my full story on Primebrokers:

I have been contacted by phone by an account manager - Thomas Jira (skype: thomasj.primebrokerz; e-mail: [email protected]; tel: +442037692109) from PrimeBrokerz company. He promised me a managed account and was swearing in every possible deity that we will not let me down. I have invested $200 and after a month the account balance was a little more than $350. He insisted me to invest another $1000 on a "safe" and "risk-free" trade on E-Bay binary option. I have insisted him to send me an e-mail that will confirm that the trade is risk free and the money will be liquid no matter of the result. He did. I made the deposit and the trade lost. He placed a "bonus" in the account to recover the amount, and "made some trades" to recover the losses. So far so good. I wanted to withdraw some money, but he said that we need to invest additional $2000 for another risk free trade and to prepare for the upcoming NFP. After long negotiation I have invested $500 with the condition (sent by e-mail) that the money in the account will not be traded outside the day and all the trades that day will be risk free. All went well and the next day he called for more money for the NFP. At this stage I had almost $3000 in the account and 2 open trade for another $300 and 500, both in the money. I said no, I want to withdraw or I need an e-mail stating that whatever happens I will not loose a penny and all the money will be liquid and available for withdrawal. He replied that he will check with their "legal department". I have waited for about an hour just to see that he placed 2 trades for about $1500 each, without my permission to trade. The account balance was 0. I was mad, and asked an explanation, and he replied that I should have had to withdraw, because his analyst did traded in my best interest. I said that I want all operation on the account to be ceased and I want my money back, or I will dispute the deposits. Then he told me that the "system now trades automatically" and is my fault that I haven't placed the withdrawal in time. From this point all calls were made on skype. I got a call from a sleek guy that pretended that he works in the "legal department" of the company. He threatened me with a hefty court fees if I dispute the amount. He said that he can retrieve the money if there is another trader that wants to buy the opened trades or I can just close them at the minimum profit (about $15 to $20 each). I clearly stated NO, I don't want to close them. He suggested that "some traders loose all their money and then blame the broker".
The next day the $500 won and I have placed a withdrawal immediately. I have stated clearly that I don't want the open trades to be touched, unless they can retrieve the money selling them to another trader. A couple of days later the company closed all the open trades (for almost $3200) at a total profit of about $60, canceled the $970 withdrawal because of the "bonus" and placed and immediately approved a withdrawal for about $80.
I have started a dispute with the bank for the credit card charges, as the money were traded not as per my instructions, therefore the service I have paid was not provided.