Basically, Binary Options brokers are the same as Forex Brokers, it's just the way that it is traded that is different.
Here is their site: http://www.safe24options.com/home
What I mean by "withdrawal" is withdrawaing my funds from my account.
They have various ways to do this but almost if not all of them have a Wire Transfer method, or charge back to the credit card used to deposit funds.
Let me tell you the whole story from the beginning as short as I can.
Some Brokers have a managed account feature, where your account is controlled bu a trader of the firm. This specific broker has such a feature, and I enrolled with this membership.
This is their partner companies site through which you enroll for the various memberships:
Take note of the Diamond Account at the bottom, that is the account I went for.
After depositing the funds necessary, of which I have email proof since they sent me email verification, my account was taken from my control to be managed by an ATS system that they have. I forfeited all bonuses including the iPad since I did not want to meet any volume requirments before being able to withdraw funds from my account.
At the time there was a requirement of trading with the ATS for 90 business days, as you can see that is not the case anymore. I was told that now the bonus is mandatory.
Read the Terms and Conditions point .12 to understand the bonus procedure.
Every week I was sent a screenshot via email of my account balance, I still have those emails.
After finally reaching the end of my long waited 90 day subscription, I had a Skype meeting with my account manager to finally discuss the withdrawal of my funds.
This was 10th April this year.(I have these conversations saved as well.)
My account manager told me to send her the withdrawal request via email, I did so. She also told me that it would take about 5 days to disconnect my account from the ATS so that I could finally have control of it again.
I have since not received any withdrawal, or access to my account.
Whenever contacting her via email to ask about the withdrawal and my account, she never replied.
And the same when contacting via email the company.
It is only now that I have got a Fraud Examiner to do a check up on them that they all of a sudden pop up form hiding, and sent me an email yesterday saying that they are repulsed by my accusations that they are a scam and that they have no option but to close my account and give me back my initial deposit in monthly installments, deducting from it the iPad
bonus gift and delivery, which I never received and forfeited, I have proof of this as well.
They also accuse me of never sending in a withdrawal request, of which I have proof that I did.