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Zoey, JD
Zoey, JD, Criminal lawyer
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Experience:  Active member of the NYS bar since 1989
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Tradersking total scam robbers, what can I do to bring them

Customer Question

Tradersking total scam robbers, what can I do to bring them to justice?
Submitted: 1 year ago.
Category: Fraud Examiner
Expert:  Zoey, JD replied 1 year ago.

Hello,

My name is ***** ***** I will be assisting you with your question.

Binary option trading is more like gambling than other types of investments are. Your government does not regulate binary brokers. While it's not illegal for you to engage in binary option trading in New Zealand, you don't get the same special protections under your law that you can get with, for example, stock investments.

Some binary brokers are regulated by financial regulatory authorities in countries where binary option trading is government regulated. These brokerages are legitimate and offer customers consumer protection. As to the rest however, the overwhelming number of binary brokers out there operate under no regulations at all. This means that they can do pretty much whatever they want and unless you can find them, you can't call upon any agency to shut them down.

We get tons of complaints from investors who have lost a great deal of money trading with unregulated brokers. Tradersking is not regulated by any authority, and you can find complaints just like yours all over the web:

Here's one thread detailing scam reports.

Here's a warning from the UK.

https://www.youtube.com/watch?v=YT3439kAOqQ

Here is a list of brokers who are actually regulated. If they rip you off, you have legal recourse through their licensing authorities. Tradersking is not on this list.

Tradersking claims to be located at 9 Paternoster Square, London, EC4M 7LS, but Google Maps doesn't recognize that address. Tradersking is blacklisted by the UK's Financial Conduct Authority, as indicated in one of the links above, and not even registered with Companies House, the government agency that keeps the annual tax reports and business filings for all legitimate UK companies.

If you can find them, you can sue them in the UK, but that's a big if unless law enforcement can find who, what or where the company really is and bring them to justice.

All you can do is to report them to your own law enforcement authorities and your financial regulatory authority. In the UK report them to the FCA and to the UK's national fraud division, which is actionfraud.police.uk



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