New to Binary Today?

Get my free binary options investment strategy.


Education

Published on May 31st, 2018 | by John

17

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.

Review: Payback LTD John

Summary: I'm still unsure about these types of services, so please come back with your experiences to share with our team.

3


Tags: ,

JOIN BINARY TODAY
I agree to have my personal information transfered to AWeber ( more information )
Join my newsletter and get free tools, strategies and case studies, I break down my success in binary and help my readers achieve their goals.
I hate spam. I've only sent one email so far this year.

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.


17 Responses to Review: Payback LTD

  1. Carmen says:

    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.

  2. pieter smolovsky says:

    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!!!!!!!!!!!!!!!!!!!!

  3. pieter smolovsky says:

    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

  4. pieter smolovsky says:

    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.

  5. Desiree Baan says:

    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.

  6. Sheila Brame says:

    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?

  7. David Pereda says:

    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.

    • John says:

      Thanks for sharing David. I hope they help you recover your funds.

      • David Pereda says:

        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.

  8. Patrice says:

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

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

  9. Peter says:

    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!

  10. Andre Van Erven says:

    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.

  11. Scott says:

    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.

  12. Robert says:

    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?

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑

Sign up for my Newsletter
  • Free tools
  • Fresh strategies & Methods
  • Case studies & Trade examples

Enter your email to join me today!






Positive SSL