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  1. #1
    Rookie Member

    Hi to everyone.... !!!

    I am a newbie to Binary Option trading living in Ireland, not Irish but up for the jokes, really great place to live. I am interest in binary trading and did a fair amount of research and tried a few demo accounts with various trading platforms and decided that I would go with NRG Binary on the 5th Sept.. Within a few minutes of opening the account I received a telephone call from one of the account managers offering various options. I agreed terms and put in 575 euro to which he would add a bonus and that I would get 1 to 1 training sessions every day for one week with the broker and once a week thereafter, a bonus of 50%, 1% monthly cash back, tutorials, unlimited trading signals with a 74 - 76% success rate plus the usual secure deposits etc.. He gave me the name of a senior broker that would contact me within 24 hours to start my learning and trading. I did not receive contact from the broker for three days and when I did he stated in no uncertain terms that as I didn't have 5K euro to invest he couldn't help as he only dealt with larger cash deposit clients and that would only send me a list of stock tips once a week.
    I was annoyed at the differences and decided to close the account immediately. I submitted all the verification documents at least three times over the next 22 days and after numerous emails and messages that were ignored I finally got my 575 euro deposit returned on the 1st October. Each request for a return of the deposit was met by frivolous excuses just to delay return.
    I submit this just for the information of others and to see if anyone else has had these problems with NRG Binary. I am now looking for a new trading platform that lives up to it's promises.

  2. #2
    Specialist Member pinoyoptions's Avatar
    Quote Originally Posted by BillyW View Post
    I am a newbie to Binary Option trading living in Ireland, not Irish but up for the jokes, really great place to live. I am interest in binary trading and did a fair amount of research and tried a few demo accounts with various trading platforms and decided that I would go with NRG Binary on the 5th Sept.. Within a few minutes of opening the account I received a telephone call from one of the account managers offering various options. I agreed terms and put in 575 euro to which he would add a bonus and that I would get 1 to 1 training sessions every day for one week with the broker and once a week thereafter, a bonus of 50%, 1% monthly cash back, tutorials, unlimited trading signals with a 74 - 76% success rate plus the usual secure deposits etc.. He gave me the name of a senior broker that would contact me within 24 hours to start my learning and trading. I did not receive contact from the broker for three days and when I did he stated in no uncertain terms that as I didn't have 5K euro to invest he couldn't help as he only dealt with larger cash deposit clients and that would only send me a list of stock tips once a week.
    I was annoyed at the differences and decided to close the account immediately. I submitted all the verification documents at least three times over the next 22 days and after numerous emails and messages that were ignored I finally got my 575 euro deposit returned on the 1st October. Each request for a return of the deposit was met by frivolous excuses just to delay return.
    I submit this just for the information of others and to see if anyone else has had these problems with NRG Binary. I am now looking for a new trading platform that lives up to it's promises.
    welcome billyW to the bots.com communitrader, I may suggest you to look for binary options review by our PROS here at BOTS.com . Never trade or deposit in such a way your not yet ready to face the up and down of the market... You can study here at BOTS.com trading school threads. Good luck and wish you success.

  3. #3
    Rookie Member
    Hi pinoyoptions, Thanks for the welcome and your advice.

  4. #4
    Master Member SeasaltMcFish's Avatar
    Hi BillyW

    At least you got your money back
    It can be worse...

    It's common to many brokers to try to get you to deposit at least 5k before they start 'working for you'.
    Even then it's a question if you really will benefit from that. Promises are cheap, but results can cost you a lot of money.
    Let's hope this site will help brokers realize that honest and trustworthy business will bring them more profit in the long run...

  5. #5
    Moderator Kolyo's Avatar
    Hi, BillyW and Welcome to CommuniTraders!

    Thank you for sharing your story here and for joining our binary options trading community!
    We appreciate your honesty and your willingness to find the best choice for your needs. It is not that easy, but if you follow the right steps it is not also that hard to find the appropriate binary options broker. Before you make your selection, you need to read carefully some of the articles in our school section of the site, where a lot of terms and conditions are explained in easy language. You have to know exactly what you need and what you have to search in your broker before signing up with it and before depositing your money. If you have any specific questions you could ask them here or in appropriate rooms in our forum. There are many traders from newbie like you to highly experienced traders with more than several years of experience, which will help you to learn faster and easier how to trade.

    Best regards,

    Kolyo
    CommuniTraders Team

  6. #6
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Kolyo View Post
    Hi, BillyW and Welcome to CommuniTraders!

    Thank you for sharing your story here and for joining our binary options trading community!
    We appreciate your honesty and your willingness to find the best choice for your needs. It is not that easy, but if you follow the right steps it is not also that hard to find the appropriate binary options broker. Before you make your selection, you need to read carefully some of the articles in our school section of the site, where a lot of terms and conditions are explained in easy language. You have to know exactly what you need and what you have to search in your broker before signing up with it and before depositing your money. If you have any specific questions you could ask them here or in appropriate rooms in our forum. There are many traders from newbie like you to highly experienced traders with more than several years of experience, which will help you to learn faster and easier how to trade.

    Best regards,

    Kolyo
    CommuniTraders Team
    Kolyo is right, reading the terms very carefully, as I am sure you did, is good place for anyone to get started learning about a broker.

  7. #7
    Rookie Member
    Hi Guys, thanks for the welcome and the advices which I have taken on board.
    Regards to All,
    Billy.

  8. #8
    Legendry Member willyw's Avatar
    Welcome Billyw to BOTS. Hope you have a great time here learning as much as you can absorb and digest.

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