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Published on February 26th, 2020 | by John Kane

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Review: Payback LTD

Today I’m reviewing another service dedicated to reacquiring lost funds from unscrupulous binary options brokerages, Payback LTD. The creators of this service believe that they have what it takes to have your funds returned to you, because the “company is comprised of people that used to work in the options and Forex industry.” They believe that having insider insight, sets them apart from their competitors, and gives you the edge you need in order to recover your money.

Considering the type of business, it’s quite odd that the creators of this service do not provide us with their company address. They do provide us with their email address, and three numbers for phone support. Traders can email support@payback-ltd.com, or call US 1-6469680944, UK 44-2033188546 or AUS 61-283174997. It’s good to see that they have full support, but I still would like to know why they are not providing us with a physical address.

Payback LTD Review

The Payback LTD group uses a 4 step process, they feel is the most efficient way at returning your money. They review all of the details of the complaint, collect all of the necessary documentation, then confront the owners of the companies, as well as their banks, and finally claim back your funds. Obviously, they make this process sound simple, but I’m sure you can expect some difficulties throughout this process. It’s an assumption, but I believe that working through process like this would require a fair bit of patience.

In order to qualify for fund retrieval, traders first have to recognize if the broker they are utilizing is either regulated or unregulated. The team tells the community that unregulated brokers will frequently advertise automated systems, bonuses and insured trades as ways to entice new clients, but none of these aspects can be trusted. The automated systems are program to lose, while the bonuses and insured trades features are just used to lock traders into contracts that ensure they aren’t able to withdraw their funds. In most cases, the binary options broker will provide you with the bonus, but in the small print, it will say something like you have to trade this bonus 30x, before you can withdraw any funds.

The bottom line is, you have to be very careful when you sign up with a binary options broker, and you should never sign up with an unregulated broker.

What’s Required Of You

In order for the Payback LTD team to start working for you, you need to provide them with adequate information they can utilize to build the case.

  • Provide all trading statements and transactions

  • Link to the broker or advertisement you signed up with
  • All communications you’ve had with this brokerage

After you’ve set this information to the team, they will analyze your complaint to ensure that it is valid, and then make sure you agree with their terms, so that they can start pursuing your funds.

Binary Recovery Skepticism

I’ve reviewed the 3 websites dedicated to recovering traders funds from binary options brokers, Wealth Recovery International, Win Chargeback and My Charge Back. Payback LTD is the fourth, and I can’t say I have a clear picture of this new recovery market.

While there are quite a few companies doing this, I’m not so sure how successful any of them are. In closely following the comments being made here on binary today, I’ve yet to hear any glowing success stories. That doesn’t mean that these services are working, or doing everything they can to recover traders funds, but it is contributing to a healthy dose of skepticism that’s only building over time.

My main concern, is that most of these services are requiring traders spend a fair bit of money on the front end, with the expectation that they will recover their funds. Yet, if the funds aren’t required, traders can be out anywhere from $600-$1200 in addition to the original funds that were lost.

I’m not saying that any of these services are bad, but you have to understand that there are no guarantees when it comes to dealing with banks or unregulated binary options brokers, so using a service like this one will be a risk.

Conclusion

I’m in no position to recommend Payback LTD or any other binary options recovery service at this point in time. In order for me to truly believe that these services are worthwhile, I would need to see some real client feedback, and not just testimonials on the sales page, but real comments made here at Binary Today.

Thank you for reading the review, and please leave your comments below the article now.

Payback LTD

Undisclosed

5.3

Reputation


6.6/10

Ease of Use


7.3/10

Proof


2.3/10

Client Feedback


2.1/10

Support


8.2/10

Pros

  • 4 step process

Cons

  • General skepticism
  • Bad client feedback


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About the Author

I am a full time binary options trader. I was able to leave my job in the last 5 years and dedicate myself to trading fully. I never thought my hobby and passion would make a living for me but I am grateful every day that it has. My main goal now is to communicate with the binary trading community, contribute to different websites and learn from other traders.

Disclaimer: Binary Today would like to remind you that the content contained in this website is not necessarily real-time nor accurate. Past performance does not guarantee future performance, the above is not indicative and is purely for educational purposes only. Relying on the above for investment, trading or betting in binary options or Forex is not advised unless done so with virtual money only.

Binary Today or anyone involved with Binary Today will not accept any liability for loss or damage as a result of reliance on the information including reviews, recommendations, charts, software, income reports and signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


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Kabir
Kabir
1 month ago

Hi,

I got scammed by bitsfxtrade.com and payback has assured me that they can help me get my money back. I’ve already lost $6,000 USD to the scam and payback is asking for 600 USD upfront. I honestly would’ve paid but given the scam I can’t afford to anymore if I am to make next month’s rent.

I withdrew cash from my bank and used ABM machines to transfer funds into bitsfxtrade’s bitcoin wallet. Big scam, they ask for 30% ‘tax’ to be paid to withdraw profits or even the deposit itself. And this so called ‘tax’ was never mentioned before. Bitsfxtrade claimed that I earned $24,000 USD.

Is payback reliable? Is scammed funds recovery a thing?

Monica
Monica
4 days ago
Reply to  Kabir

Payback Ltd is a scam. If your bank can’t do anything for you no outside “company ” can. Make sure if you gave a copy of you passport or identity card to your scammers you get a new one because they can use your identity wrongly. All the best.

martin
martin
4 months ago

I lost 45,000 euro to Titanpro500 and have engaged with Payback to try and recover my funds.I have paid them 1200euro already and after reading all the reviews positive and negative ,I really do not know whether I should stay with them or not.They have promised a lot but so did Titan

Cam
Cam
7 months ago

After some research and then discussion with PayBack-Ltd, I decided to hire them to go after the fraudlent binary options firm B4Binary.com which scammed me out of 35K USD. Sam Rosenberg told me that they have had success getting funds back from B4Binary and that they were 95% sure they could do the same for me. We agreed that I pay PayBack 2500 USD to provide their services to me, so I did. I provided PayBack the B4Binary.com online screen shots of my account and trades that they made for me. I included the research that I had done on B4Binary including the owner’s name and address in Israel. Payback had me send documentation and a request to the my credit card company asking if they would do anything about this fraud but they declined. Then, PayBack said that they had sent out a couple of demand letters to persons/firms they believed were involved in the fraud. Eventually, after passing my account to a couple of other agents in their company, PayBack contacted me to tell me that because they got no response on the demand letters and that they could not find any of the people responsible for the fraud, they were had no where else to go so they were going to do no more on my behalf.

I doubt they did much at all to try to get my money back.

I believe PayBack-Ltd itself may be running a scam on people that have proven to be vulnerable to financial investment scams.

Maureen
Maureen
11 months ago

I lost £109,000 with binary options. I’ve been with Payback for a year and I’m still waiting for Cysec to reply.
However I’ve tried to contact Payback and my emails have been returned. Also their phone is dead. I can only assume now that they are scammers after taking £2000 from me.
I’ve obviously lost my money. The fact they haven’t contacted me since August speaks volumes.
Does anyone know what’s happened to them?

Jean
Jean
6 months ago
Reply to  Maureen

Maureen
I dont know if you will read this but get in touch please as I want to discuss our cases.

Maureen
Maureen
5 months ago
Reply to  Jean

Hello Jean. What would you like to discuss? Ive rather put it behind me now after adding an uodate.

Ramona
Ramona
4 months ago
Reply to  Jean

Jean,
I was wondering how your case with Payback LTD is going? I have a case with them since September 2019. It is almost 9 months now and have only received a small portion of the money’s lost. They advised me it would only take about 3 months and I would have my funds returned. I am still waiting and have gone through long periods of time without any contact from them even after sending them emails. I am clearly not impressed. I have even told them that I had to take out my retirement found to stay afloat. Anyway, they didn’t seem to care. I don’t think they even care if I have food on my table. I do not understand why there is no communication and my case is taking so long. I am very sceptical.

MICHAL KOMASARA
MICHAL KOMASARA
5 months ago
Reply to  Maureen

Is it Global Pay Back company?

Maureen
Maureen
5 months ago

I’m sorry I dont know. Both companies are based in Israel. They could be the same company or not!

Maureen
Maureen
5 months ago
Reply to  Maureen

Update! I was eventually contacted by a third person from Payback to say they could help but I’m not pursuing it as I’ve had enough of them!

Monica
Monica
4 days ago
Reply to  Maureen

They r still in “business” my friend has contact with them. She did not pay jet but they pressure her. Feel not good about this. Did you hear from them Maureen and did they do what they promised?

Maureen
Maureen
4 days ago
Reply to  Monica

Hello Monica. I did manage to track them down & was contacted by a new person yet again who apologised & said she could help me recover my funds but I decided not to follow it up as I don’t have much faith in them. Meanwhile my account manager managed to get my funds back from the BO company who no longer exist. I’m in the process of a negotiation with her as she promises to send me the money in two bank transfers. She uses Agents so it gets complicated but I’ll post an update if you are interested! I would not recommend Payback.

Monica
Monica
4 days ago
Reply to  Maureen

Thx for the info. I called the Dutch helpdesk for internet fraud and they told me that all these “refund companies”are fraud. They even sometimes work together with the basterds who robbed you. If your bank can’t get your money back no one can. So sad that they give false hope and steal again from people who are already traumatized…

Maureen
Maureen
4 days ago
Reply to  Monica

Hello Monica. Thanks for your quick reply. I’m so sorry to hear you have been scammed too. I have been through hell with this & have even had to remortgage my house. True the banks will not help as they say you initiated the transfers etc. I’m still in overdraft & paying heavily!! I will let you know if I manage to get my funds back. I had already registered it with Action Fraud but nothing will be done as they are snowed under with scams. Good wishes.

Jeremy Furnell
Jeremy Furnell
1 year ago

Do not believe any of the positive reviews on here, PayBack are another scam company. They do nothing but get you to contact your bank, credit card companies etc……..poorly written letters that you have to forward. Then after 6 months of bullsh1t they tell you they have completed their contract with you…..yes they delay and delay, and once 6 months is up they get rude, offensive and say thats it not doing anything else for you. Well, you dont nothing to start with.
No communication unless you make it, lies about working with international forces in the recovery of funds., knowing the names, addresses and contact details of the owners of the scamsters and that as they are based in Israel, they would rather pay up rather than deal with Israel judicial system. Its all rubbish, they do nothing but lie.
Cut your losses on the scam, dont be scammed again by these unprofessional, and cheating fraudsters

Johan
8 months ago
Reply to  Jeremy Furnell

Yes , you are right. Just another Rip off company. They worked on my case for one year. And then said, that they could not help.

Mikael
Mikael
1 year ago

You are in good hand,they recovered all the money from a sc a m brokerage, many thanks payback

vancover
vancover
10 months ago
Reply to  Mikael

A lie all lies

John Potter
John Potter
1 year ago

After reading all of these comments about Payback I’m still left totally confused about if they are Genuine or just scammers, can anyone give me 10% proof these people are not scammers, I just can’t afford to lose any more money, I have also been talking to E-Sixt who say they are scammers and payback say E-sixt will not be able to get my funds back who do I believe.

Christiano
1 year ago
Reply to  John Potter

Dont believe in Payback! They are scammers, and they pretend working on your case? Not true!

Emanuele Moretti
Emanuele Moretti
9 months ago
Reply to  Christiano

Hi Cristiano. Do you speak Italian? Can we chat in private way? I need some information about them. Search me on Fb. Emanuele Moretti

Miss Naidoo
Miss Naidoo
1 year ago

Hi All,

I lost 130 000 dollars and have paid Payback via Fund Recovery a retainer and don’t wish to go through with it anymore. Been two since my bank deposit.
I have requested a return of my refund and hoping they will return my funds. Will keep you posted.

Mocca
Mocca
8 months ago
Reply to  Miss Naidoo

Hi. Did payback pay you back?

Mary Mcgriffin
Mary Mcgriffin
1 year ago

Thanks for sharing would reach out to them really need my money back.

Jeremy Furnell
Jeremy Furnell
1 year ago
Reply to  Mary Mcgriffin

save your money

Andrew
Andrew
1 year ago

Does anyone has experience with a law firm called Selachii LLP in dealing with scam problem.

jürgen
jürgen
1 year ago
Reply to  Andrew

hello Andrew,

I don’t have experience with Selachii LLP. I have experience with Payback Ltd. I say: stop! Don’t engage any of them! The writings of Payback are awkward and naive.I couldn’t trust my eyes to read these accusation to my homebank. Engage a specific laywer. Civil law court is the only way to get money back.

Nizar
Nizar
1 year ago

Hi All,

I got scam from 10-capital.com . Does have anybody experience that Payback Ltd. really can help? They are asking now for 500 euro as operational cost. And to be honest, I am doubting them as well. I dont want get scammed after another scam.

They claimed that they had successfully assisted another victim of 10-capital , they were in a good position to effect a solution. Anybody has this experience?

Christiano
1 year ago
Reply to  Nizar

Yes they might help you if the deposits were made by debitcards within 120 Days regarding Visa rules and terms! They do not work with scammers banks or payment providers! You can yourself write a chargeback on one document and send it to your bank for free, instead of paying them € 500. If yo did the payment with bank wire transactions ,the possibilities are reduced,and only a court decision can help you in that situation.

Sakhtzan
Sakhtzan
1 year ago
Reply to  Nizar

Well people once you got scammed than they will come to the other way to help you. They are scammers never trust anyone that can help you to get your money back. Never they are all scammers. Payback and charged back or any other scammers. They are Really scammers.

bis58*
bis58*
1 year ago

in my case (Germany), payback ltd methode can’t work. I had to try to launch a recall of the transfered money from my homebanc (one year ago – too long ago). No success.Next, the writing/accuse from payback ltd is directed to my home banc. My homebanc should have taken care of the payee (the recipient of my transaction). The banc was and is in England (Barclay’s banc). The recipient is on a black list the bancs have. So my homebanc should have informed me, should have warned me, is the accuse of payback ltd. Crazy! I heavily discussed it beforehand, before I transfered their writing translated to the German ombudsman. He passed it on to my homebanc. The legal department of my homebanc ansered, as I expected, that they didn’t get a reply of their recall (3 times), my homebanc does not have this “black list”, according to the GTC I am responsible for my transactions, i can only bring a civil action against the british broker. So I lost all the fees I payed upfornt to payback ltd. As there is no lawyer in action it is naiv to have a chance to win.

Sakht zank
Sakht zank
1 year ago
Reply to  bis58*

Payback is a scammer them self dont bother your self that you gonna get your money of anywhere not possible they are all scammers. Pay back charge back all these.

Richard
Richard
1 year ago

Payback Ltd is a SCAM! I found them after loosing $20,000. I contacted them and someone called me back. Everything sounded great so I decided to move ahead with them. They asked for my payment information even though they hadn’t send the contract to me yet. They told me that it would be send immediately after the phone call. So I paid them and waited for the contract. I didn’t get it, so I wrote them asking for them to send it again. Didn’t get it until the next day, which isn’t a big deal, but after reading it I found that the contract was totally stacked in their favor and didn’t protect me at all. I immediately emailed them saying that I couldn’t sign the contract and I wanted my money back. They said they would process the refund immediately, but they never did. I had multiple emails with them where they said that the refund was processed, but I still didn’t get my money back. Now I am working with my credit card company to get my money back. They won’t return my emails, they won’t return my calls. They were supposed to help me get my money back from a different company and now I am fighting with them to get my money back. Total scam. Avoid this company at all costs!!!

Richard
Richard
1 year ago
Reply to  Richard

***Update. I did finally get the refund. Just took a really long time. I guess a scam wouldn’t offer a refund. If I could delete my previous comment, I would.

paul
1 year ago
Reply to  Richard

Who did the job? you or Payback.ltd?

Richard
Richard
1 year ago
Reply to  paul

I ended up hiring a different company, MyChargeBack.com. In my reply, I meant to say that I got my deposit back from Payback Ltd so I shouldn’t call them a scam. They didn’t get the $20,000 back because I decided not to work with them because of a disagreement in the contract. I am still waiting on the outcome from MyChargeBack.com

Samir
Samir
1 year ago
Reply to  Richard

What is your experience with MyCharge? I lost money and payback and MayCharge are offering help. The infront fee for both is high. Any advice from anyone?

Jake
Jake
1 year ago
Reply to  Richard

Richard your experience is reason not to pay retainer ,

Emanuele Moretti
Emanuele Moretti
9 months ago
Reply to  Richard

I’ve sent documents and 400€ to them hoping to get back my lost saving. Reading these review I’m now very scared because I sent them all my personal information. Can someone help me?

Rolf
Rolf
1 year ago

I found Payback after losing 95,000 euros in a binary options scam. It took a while but I was able to get a full refund thanks to payback, i got my life restored after this horrible nightmare. It was also hard for me to believe in the beginning but today im happy i did that.

Sam
Sam
6 months ago
Reply to  Rolf

Please can you explain the process you got back your money?

Pete
Pete
1 year ago

Has there been any solid evedence that tese guys are real at Payback? I have just had my first chat with them and wanted to do as much research as possible. I am out of pocket 36k from xtraderfx and cannot contact them in any way. my account is still live and in a good position but they do not respond. I am desperate to get this money back and dont want to be scammed on the way! Is payback ltd legitimate company????

Paul
1 year ago
Reply to  Pete

I have a case with them since 6 weeks and start now to hesitate about this company? I will not recommend them! They were calling befoire payment very often, but after payment not a sinle time?

Billy
Billy
1 year ago
Reply to  Paul

I was thinking of using them so I got in touch with the Israel government,as they said they were from Israel,the government said they were not on there database of companies so make your own mind up !

Paul
1 year ago
Reply to  Billy

Then they send me false documents! Those documents were written in hebrew most of them! Something isn`t quite right here!

aras5
aras5
1 year ago
Reply to  Pete

Hello Pete,
its quite some month ago since you have posted your urgent question about payback Ltd. I hope you have not engaged them. Now I hope other people are reading my post.
Payback Ltd almost promised to get my lost money at binary and cfd-brokers back. They, that means one man at Payback Ltd is quite eager to do his steps. However they are quite naive!
I made my money transfer to a scam broker on my own authority. Every transfer form my house bank is at my own risk. Isighned this when I opened my account formaly. Payback now accuses the housebank of checking my transfer to the English scam borker. Namely, if the remittance recipient is a fraud. That went all the way to the ombudsman. The (lawyer) wrote me that each transfer made by the housbank was and is on my own responsibility. Consequently, nothing can be recovered!
The housebank tells me that I have to bring civil preceedings against the recipient of the money viea a lawyer. Maybe this will work

benjamin de greve
benjamin de greve
1 year ago

I am very sure that Pay Back LTD is a scam. You enter some information on there website and they contact you. They promise a lot on the phone. It would be finished in a few weeks because it would be recent that I had been scammed. They dont update or phone you anymore after you have paid them in my case € 4500.

Paul
1 year ago

I have also a case with them since end of January 2018, but only had to pay $ 1250 USD upfront.

Martin
1 year ago

I am looking for someone who received money back by Paback? I have been contacted with another company called reclaws.com anyone heard about them. I’m looking for the company who can help and I can trust. ..
Plz let me know because my life is destroyed wright know. …..

Andy Cross
Andy Cross
1 year ago

I’m 40k down , life ruined and I believe payback are a con as well as

Lynn
Lynn
1 year ago

I have been scammed for £22k in a week by Xtraderfx .com
I’m sick with worry now.
What’s the best route to try and recover my money?
Can anyone advise me please

Judy
Judy
1 year ago
Reply to  Lynn

I am the same as you and have lost £40000 frm XtraderFX

Timon
1 year ago
Reply to  Judy

There is a class action going on against XtraderFX and they want € 75 Euros for the registration. It`s on Efri:io .

Selk
Selk
1 year ago

I have been scammed by a Company called Boerum Holdings. I have paid £1250 (half the fee due) to PayBack Ltd. The next half is due on the 21st Oct. I am in two minds whether to pay as I am reading that they themselves may be scammers. Would anyone like to comment?

Paul
Paul
1 year ago
Reply to  Selk

Hi what is your recovery amount? Payback quoted me US$6000 (2 installment) and 8% commission on a US79,000 recovery amount. Another company, Wealth Recovery International, want an upfront US$2K based on 10% retainer fee of the recovery amount, and it does charge another 25% commission on the recovered amount. Very hefty charges!

Selk
Selk
1 year ago
Reply to  Paul

Hi Paul, I’m trying to recover £35K. I have to date only paid half fee to PayBack, and they are not pushing for the other half yet. We are waiting to hear from letters sent to my Banks. Thereafter if any funds come back they want 7%

Ingemar johansson
Ingemar johansson
2 years ago

I just got in touch with Payback ltd.
Have asked for referenses and they refer to the law for sharing such information. But who wouldnt like to share if the lost founds where claimed back successfully.
Are there any bllacknaillist of companies who act in non proffesional way.
I have difficulties with Bit Sevens as well Bullwinns, Bitprofiting, option 888
and now seems GCC investments coursing me problems
If I not able to with draw means that i lost severla hundred thousands Euro.
If any of you got positive result and can aprove that with Payback Ltd. please let me Know
Ingemar Sweden

Mats Sweden
Mats Sweden
1 year ago

Hi Ingemar,
I have also been contacted by PayBack ltd.
What I’ve heard should be serious, but I’m not sure. they call me over and over again. think they seem tough and stubborn, and then I’m suspicious.
There are several other companies also helping victims of fraudsters recover their money. But it can be difficult many times for a successful end.
It’s best to talk personally with someone who got their money back.
Otherwise, you can make a complaint to the bank you have transferred over the money. But usually the bank does not want to take its responsibility, but blames everything on you.

Berlin58*
Berlin58*
1 year ago

Hello ,it is just a short time ago you sent your mail. I am in contact with payback ltd presently, too. I signed the contract. As I have been in contact with several brokers (scams) they are now asking for the second upfront (2x4k). I have been reading positiv results of payback ltd-users! A lot of doubts wheather to use payback or not. There was none feedback saying they didn’t fulfill their tasks. That is a relieve, isn’t it. What is your situation so far?

aras 5
aras 5
1 year ago

Hello Ingemar,

Sept 18 is a long time ago. I hope you have not engeged payback Ltd (like i did). Lost money (again). Their steps, their argumentation is naive, very simple. There is no black list at banks. I did my transactions in to my account of the scam broker on my own responsibility. Payback accuses my homebank, saying they should have checked the recipient. That is not the task of my homebank. The ombudsman answeres: “I can’t do anything. The homebank cannot be made responsible for my transactions.” So i lost money again. A specific laywer would be the only one to help. how are you going on?

Pawel Murawski
Pawel Murawski
2 years ago

Hello,
I’m trying to get money back from cryptopoint using payback. If anyone can write current experience. I lost my all savings. Please help.

Martin
1 year ago
Reply to  Pawel Murawski

Hi I have been scammed by Roiteks.
Anyone can help me to Recover my money?

Robert Dubois
Robert Dubois
2 years ago

After losing 120,000.00 USD I didn’t know who I can trust. After speaking with David and mike I decided I wanted to go to Israel and see for myself. Going back and forth for almost 5 months I am happy to say that I got my money back well 100,000.00 more than I thought I would get back.

Thank you payback for dealing with me and my phone calls every day and thank you for helping me get back on my feet!

Kairos
Kairos
1 year ago
Reply to  John Kane

Smart observation! 😀

Ken Gill
Ken Gill
1 year ago
Reply to  Robert Dubois

Hello, did your dealings with Payback all go well ?

Berlin58*
Berlin58*
1 year ago
Reply to  Robert Dubois

Hello Robert,

I can’t believe what you are writing. That is what all hobby-traders who lost a lot of money and are now in contact with PAY BACK Ltd, want to read. So you are saying payback ltd. can be trusted!!? Any upfront payment is all right?
I am now in contact with payback. A certain David is calling almost every day. Mr. Ron is also bussy with my case.
Thank you for your answer and congratulations to your successfully receiving your money back by payback.

Kjetil
Kjetil
2 years ago

Just wanted to say thanks to PayBack for what they have done for me.
I lost 48K 2 years ago and just got back 33,200 and more is supposed to be on the way.
thanks and i will leave a review everywhere i can to let people know that this company does what they say.
God bless you all at PayBack

Tush
Tush
1 year ago
Reply to  John Kane

Hi John, if both the replies were from the same IP address, it means from same office or location correct? Means surely payback team is writing on their own to make people fool.. does it mean another scam or they try to protect themselves by responding some postive but self created stories..!!

Doug
Doug
2 years ago

https://www.financemagnates.com/forex/regulation/canadas-osc-blacklists-payback-limited/

Good luck getting money back from these guys. They are they recover room scam of Trans Atlantic Direct…

Igor
Igor
1 year ago
Reply to  Doug

So it seems to be the same scheme to make people jump in the same hole twice…

Kerry
Kerry
2 years ago

I’ve also fallen victim to binary options losing about $250,000 USD. Crazy right. Mostly to Titan Trade, but also a chunk to BuyerBank. After hitting rock bottom with this in November, 2016 (yes, the night Trump was elected… to make matters worse lol), I was devastated and didn’t know what to do with myself. After a few weeks of self pity I decided to move on with my life. I didn’t try to recover or discuss it with others, just forgot about. Well, until recently. About a year and a half later I found out about PayBack and after hesitating for 2 months and hoping to see more reviews on here and after talking to Payback several times I have decided to try it. It will cost me 2500 Euros. I will come back to give updates regardless of the results and I hope others would too. If anyone has something important to say now please do as I am about to make this transaction.

Berlin58*
Berlin58*
1 year ago
Reply to  Kerry

Hello Kerry,

how is your cooperation with payback ltd. going on? I am curious. I am in contact with payback now 11/2018 too. They seem to be sincere. (as I lost a lot of money at “sincere” brokers, I try to get back funds, too). Here I read only questions. The only positiv comment is put into question by John. Please send me a reply.
Berlin58*

Rose Snow
Rose Snow
1 year ago
Reply to  Berlin58*

How did it go?

Luka
Luka
1 year ago
Reply to  Kerry

Hi Kerry,

How did it go?
Did they got your money back?

I was scammed to by kontofx.

Br Luka

Don
1 year ago
Reply to  Luka

KontoFx is investigated by Efri.io. Read their news on Fintelegram about KontoFX. They are on the Campaign with Bealgo-Algotechs.

Paul
1 year ago
Reply to  Kerry

How did the recovery turn out?

Geegee
Geegee
8 months ago
Reply to  Kerry

Kerry
What was your outcome?

Kris
Kris
4 months ago
Reply to  Kerry

Hi,

It has passed some time by since you logged this info. Have U got any money from Payback?

Carmen
Carmen
2 years ago

Today, after two months trying to sort out who to entrust with further precious money to try to recover my funds, I have signed up with Payback Ltd. Thank you for supporting me so far.
I will post again, as have others, to help shed some light for others also in this difficult position.

Paul
1 year ago
Reply to  Carmen

Did you get help from Payback ltd?

Mikael
Mikael
1 year ago
Reply to  Paul

This company did what they are saying,I lost $30.679 from a brokerage, after contacting payback,they sent me a n application form to be sign,and an upfront of 1250 to be paid ,all documentation sent to them ,incl.conversations with the brokerage ;they promised the process will take btw 2weeks and 2month,;after one month I got my money back,many thanks to payback.

pieter smolovsky
pieter smolovsky
2 years ago

This company is not a scam I got all my money back, Jack and Andrew told me they will get it back from the processing company if the bank didn’t take my claim and they did, as of yesterday the full amount lost to binary was back in my bank!!!!!
I will recommend this company to anyone who has lost money and i will share it on my facebook and LinkedIn.

Thanks, PayBack!!!!!!!!!!!!!!!!!!!!

Kelly
Kelly
2 years ago

Pieter, how long did the process take. I am waiting for a document which they have said I will receive next week. Reading your review has given me hope that this company are genuine. Losing all my savings and more has destroyed me, these evil scammers should be locked up for what they are doing to people. I lost my husband this year and they have taken advantage of this. I feel completely foolish having been so taken in by these scammers but they are so clever. They should be put in prison, they are criminals. I really hope and pray that Pay Back are genuine and I can get my life back on track.

pieter smolovsky
pieter smolovsky
2 years ago
Reply to  Kelly

Hi Kelly
I lost money in April this year, they were able to get me my money back within a month through the banks, they did tell me in the beginning that it could take a while depending on the case.

Kelly
Kelly
2 years ago

Thanks Pieter, but after reading John’s comments I am now really worried about this company. Why would they need to post fake reviews if they are genuine. I have already paid them £1500 of the £3000 they asked for and today they are going to take the other £1500. They have promised I will have a draft document by the end of the day but I know they will be asking for the money first which makes me suspicious. After being conned out of so much money it’s so hard to know who to trust now.

jürgen
jürgen
1 year ago
Reply to  Kelly

hello Kelly,
it’s dramatic what you’ve been through. Lost a lot of money and your husband, too. Now I hope you have not engaged Payback Ltd. I did. No success at all. They accuse your homebank first you did your transactions to the scam brokers first. The writing to the homebank as well as to the ombudsman is awkward, embarressing and naive. It might be successful in America but not in Europe.

Ken Gill
Ken Gill
1 year ago

Hello, did your dealings with Payback all go well ? How long did the whole process take or is it ongoing ?

GRAEME
1 year ago

Congratulations Pieter on recovery ,l have Lost over $103000 US dollars ,l have retained 2 recovery firms ,paid retainer and got zero back ,l have been in contact with PayBack ,and would use there service ,but l am not willing to pay. Retainer after my past experience ,my ,contention is if they are confident of recovery ,they can take funds from amount recovered ,in this case over $30,000 US dollars .they assure me they are licensed under Israel Gov,t and therefor legal ,l have no confidence in Israel Gov,t ,they allowed Binary Option Traders to operate and scam for years ,people lost millions ,l would never invest in any business operating from Israel

Mikael
Mikael
1 year ago

They are very sincere to h e l.p. you, and the fee is also very decent amount,thanks payback

Shane Mc geary
Shane Mc geary
6 months ago

Peter did u get money back from payback ltd

pieter smolovsky
pieter smolovsky
2 years ago

Just an update on how things are going.
I have just received a very professional looking document from Jack and i am taking it into my bank today
Will update as soon as i know more

pieter smolovsky
pieter smolovsky
2 years ago

i found payback today and i have gone along with them, paid them 2500 poundss im hoping things work out i will keep you all updated.

Desiree Baan
Desiree Baan
2 years ago

A positive comment does not say anything. Because why would Andre, Peter, and Patrice want to give a positive comment at all? Think about it. You have been scammed, lost a lot of money, why would 3 people within 4 days search for an article about Payback ltd to leave a positive comment without any benefits of so ever? If those 3 people are a regular visitor of this site, post some comments before over several months, then I would believe it. If I was the Boss of Payback, I would make different accounts on a website so I can give positive comments.

Sheila Brame
Sheila Brame
2 years ago

I lost £30,000 with Binary brokers Plusoption, last year.
Having looked on site for a possibility of recovery, I found PayBack LTD.
Jon Adleman rang me, today. He says he can get all back as Plusoption are now confirmed as being scammers. Also as I paid by debit card, so have bank statements to prove, I fall into the recovery category. Having looked on site I see your report. There are confirmations of recovery for some people, so I don’t know what to do. The fee is required upfront…£2,000.00, which is a lot to loose on top off my first loss. What should I do?

Berlin58*
Berlin58*
1 year ago
Reply to  Sheila Brame

Hello Sheila,

you posted your mail in July. Have you already finished your recovery program with payback Ltd.? I am now in talk with them (David is calling). On this website I only read questions, no results of getting money back. Oh yes, one positiv result is there. But John says tis email is from payback itself.
Thank you for your feedback
Berlin58*

David Pereda
2 years ago

Payback Ltd contacted me last year via email, and I hired them in November 2017 to recover funds I had lost with the Glenridge Capital Binary Options scam. Like Robert says, the Payback representative claimed they could potentially recover most of my lost funds. My initial contact was Andrew and later Ilan and finally Jack. It’s been seven months now and they still haven’t recovered my funds. I was glad to read what Patrice, Peter, and Andre said about the recovery of their funds — assuming, of course, that their fund recovery claims were verified by you.

David Pereda
2 years ago
Reply to  John Kane

You’re welcome, John, and I hope so too. I’ll make you a promise. If Payback helps me recover all — or some — of my funds, I will post it here for you to share with your readers; and if they don’t, I will post it here too. And whatever I post, you’ll know for sure is true.

Lee
Lee
1 year ago
Reply to  David Pereda

Any news on recovering your funds yet David ?

David Pereda
1 year ago
Reply to  Lee

No, they couldn’t do anything for me. After going back and forth for months, I was told that they had struck out. They were very nice about if, though–if you like manners.

I had another case going with Birman Law via Wealth International–and after two years, they told me they had struck out too and that the principals had left Israel. They were very nice about it too.

To be honest with you — and I hope John publishes my reply — I knew from the onset that it was highly unlikely for either of those groups to obtain the refund of my money. It was a long shot.

Patrice
Patrice
2 years ago

Thanks, Sam for your help Jack and his team worked magic.

I recommend this company to anyone who has lost money to these scammers

Peter
Peter
2 years ago

Thank you so much payback!!!

I lost 89k about a year ago, I approached payback around 5 months ago and last week finally got my money back, thank you jack and all payback team!

Andre Van Erven
Andre Van Erven
2 years ago

I found Payback after losing 45,000 euros in a binary options scam. It took a while but I was able to get a full refund thanks to payback, i got my life restored after this horrible nightmare. It was also hard for me to believe in the beginning but today im happy i did that.

Paul
Paul
1 year ago

Can share more information such as the recovery amount and the charges from PayBack? How long it took you to get your money back? Is there a commission on the recovered amount?

Scott
Scott
2 years ago

Payback ltd appears to be located in Israel. Their website developer’s office is in Tel Aviv, and Payback’s legal jargon says that any disputes fall within the laws of the state of Israel.

Robert
Robert
2 years ago

I found Payback Ltd. after suffering a large loss with iBitPro. I filled in some information on a form on their website. They contacted me and about their service claiming that the company that scammed me was actually hosted in Isreal.. and that they could potentially recover some or most of my lost funds. They claimed that since they also were in Isreal, and since they had successfully assisted another victim of iBitPro , they were in a good position to effect a solution.

Has anyone out there had a successful outcome with Payback Ltd? Or has anyone been scammed by this company?

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