Stratx Markets in London
StratX Markets is leading broker in the Binary option market. We offer traders, robust trading platform which allows you to trade hundreds of markets.
I am posting this as a warning to any of you thinking of trying your hand at binary options trading. This is not a commentary on whether these are suitable as investment products, but rather to alert you all to the criminality that is rife in this shady area of the financial world. Stratx Markets claim to be a leading binary options broker, but this is just a sham for what is a blatant confidence trick. You may be attracted by the promise of above average returns, not too outlandish that they scare you away. If you do decide to risk it, all will look to be above board until you notice some rather odd trades being executed on your account, with strikes so far off the market as to be almost comical. The idea is simple. These odd transactions are meant to fail so that any funds you placed in your account are reduced to nothing. The bonus you are offered, or the “hedge” that they claim was placed to protect against losses on these trades makes it look as if you still have your original investment, or close to it, in your account. If you try and withdraw these funds you will find that you can’t, because the bonus can only be withdrawn if you execute transactions of 30 times the value of your original deposit. This is fundamentally impossible to achieve. Even if you do manage to make any profit over the “bonus” amounts, a withdrawal request is not honoured and before you know it, another strange transaction appears on your account reducing any balance below the bonus amount. Calls to the company are never answered. This is blatant thievery and there is very little you can do about it. Even questions in parliament have resulted in no action being taken against these criminals, and mark my words, these are criminals of the most disgusting kind. If you want to trade binary options, only sign up with a reputable broker who also offer other products, such as CFDs, and who are regulated by the FCA. Avoid Stratx Markets and any other organisation like it because they are just criminals.