Scam brokers have used Binary option as an assembly to take advantage of innocent investors, who have little or no idea about the trade aside knowing their investment would be doubled the more they invest. I came across 24 Option which claimed to be based in the US, but they were actually operating from a number of international locations. I went to their website and it appeared to be real. I liked the idea of binary options because I could trade immediately, I could settle my money now, and then go in and trade again if I wanted to. I first got a call from one of their traders called Benjamin Hinn in March 2020. Less than a month later, through a very calibrated process of baiting me with phantom profits, and matching my losses, I was in over $60,000. He said that my trade was insured and that some percent of my losses would be redirected. He said that i had to bring in an additional $2,000 in order to get that secured trade status on my account. Once I hit a certain profit level, I tried to remove money from them. That's when they denied me being able to take out my own money. I had to actually have 20 times that amount before I would qualify to withdraw any funds. That's when I came to the realization that there was something wrong here, and that I reached out to the CFTC (Commodities Trade Future Commission) for help.The CFTC received many phone calls like these. It became clear that this scheme was big. I was bankrupt but luckily one of the officials i met at CFTC and was in regular contact with linked me up with a software recovery company with the contact (Recoveryex,com)which helped some of the complaining victims retrieve their money.