Total money lost $3,000
Type of a scam Investment
I initially invested $250 USD into an account with utrader.com on November 6/16 and was contacted by a broker and strongly persuaded to invest another $1000 USD on the 9th of Nov./16 after he had another broker come on the line and offer me a bonus of $1250 USD in my account if I would invest more money. I then agreed to put in an additional $2000 on the 9th of Nov. They never told me that by accepting this so called bonus that all the profits I would make would be made with their money and all the loses were mine and that I would need to trade something around $87000USD worth of trades before I could call their so called bonus mine or that I would not be able to take my funds out of my account. I show as of now $3891.55USD in my account and was told that I may be able to get $900USD out but that would close the account. So my advice to everyone is not to do business with this *** company and never accept any so called bonuses or you will be hooked as I was.