CToption Scam Binary Broker

Short Version: I deposited money and they traded my account without my permission, down to nothing. I declined auto trade TWICE by phone!

So I went to my credit card account to dispute. Reported them for fraud. Then I noticed they charged my card for over $800 a week BEFORE I even set up my account with them. I assume they got my CC info from sister site Porter Finance, but have no proof of that. Their platforms are identical though.

CC company cancelled my card and I will not be held responsible for fraud.

BEWARE! There are many complaints of the same, them trading the account down to nothing without permission. Also numerous complaints about people accepting the "no risk auto trading" and then can never withdraw their money.

STAY AWAY!

If you are a USA resident, the only licensed Binary Options broker is Nadex. The only reason I tried CToption is because a signal provider recommended them.

I am sorry that you got scammed. Always do research for the brokers you use by yourself, regardless of who or why they recommended them to you. The Canadian regulator BCSC issued a warning about them trading without any regulation back in March. Actual scamming isn't mentioned, but a warning from a major regulator is already a red flag.

Definitely good advice! I just wanted to be SURE to have a thread about CToption in the FF forum, since there are so many users. Anytime you do a search of something related to forex or binary option trading threads in FF come out top of the search!

I told them that they should not have ripped me off, and that I would spread the word about them being a scam/fraud company.

Now at least your warning will show up as a review. Unfortunately a lot of people just trust blindly any broker promising them something - I know I did as a newbie.