patiencevirtue
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Original FPA Traders Court Submission:
I am submitting the case against: www.Trade-24.com
My Case is: Basically what happened is I joined Trade-24 because of a recommendation from a friend who was trading himself there.
A man called Leo was my account manager. I traded myself reasonably but realized it is not something I could invest the time needed.
I initially was coaxed into depositing $77,000 and then a further $50,000 at to try and recoup loses. This was all by following a trader they use at their brokerage.
I got up to $144,000 and Then asked them to stop trading in writing and multiple times and they acknowledged the email but wouldn't close the trades. I was insistent that they close my account and withdraw the funds and that is when they changed towards me, ignoring my emails and when they would reply it would be a stalling tactic.
I was on the phone with them multiple times asking to close trades and they finally did when my account had months later gone down to $70,000.
Even despite them ignoring the request at $144,000 I persisted to get even just my $77,000 or so and they still haven't let me withdraw a cent of my own money.
Certain things I can say for sure about this company, they are not legitimate, interfere with trading, are a dealing desk, will in most cases not allow you to withdraw, act as if they are in the UK but they are based offshore, and use all kinds of cunning to steal your money. I am a realist and know to trade you take risk to make money, risk vs reward, but these are just pure scams and daylight robbery, there is no other way to put it other than they conned me and stole my money and still refuse to give it back.
New thread in the Scam Alerts Folder:
Review is submitted by www.trade-24.com on 04/29/15
The company was first contacted about the issue on 12/12/14 the last contact was on 05/01/15
Details: From: ME
To: daniel.e <daniel.e@trade-24.com>
Subject: Re: closing your positions
Daniel
As I have explained I did not open the positions and therefore I am unable to close them. All trades have been opened and closed by your traders as Dave Fix well understands.
All trades should have been closed when I instructed Dave Fix to cease trading several weeks / months ago;
Please stop the stalling tactics and close all trades and return to me the 146,000 USD that was the balance when I instructed Dave Fix to cease trading and return all funds to me.
Alan
Do I reaaly understand you all correctly??
Are you going to do nothing about return all monies that belong to me and you are holding despite my repeated request to return ALL funds since August last year?????
At least have the decency to communicate or is that too difficult??
Tell me what you are planning to do . Please.
Regards,
Alan.
Company representatives' emails: Jennifer <jennifer.m@trade-24.com>
Rafael <rafael.k@trade-24.com>
Daniel <daniel.e@trade-24.com>
Joe <Joe@trade-24.com>
Leo Wilde <leo@trade-24.com>
I am submitting the case against: www.Trade-24.com
My Case is: Basically what happened is I joined Trade-24 because of a recommendation from a friend who was trading himself there.
A man called Leo was my account manager. I traded myself reasonably but realized it is not something I could invest the time needed.
I initially was coaxed into depositing $77,000 and then a further $50,000 at to try and recoup loses. This was all by following a trader they use at their brokerage.
I got up to $144,000 and Then asked them to stop trading in writing and multiple times and they acknowledged the email but wouldn't close the trades. I was insistent that they close my account and withdraw the funds and that is when they changed towards me, ignoring my emails and when they would reply it would be a stalling tactic.
I was on the phone with them multiple times asking to close trades and they finally did when my account had months later gone down to $70,000.
Even despite them ignoring the request at $144,000 I persisted to get even just my $77,000 or so and they still haven't let me withdraw a cent of my own money.
Certain things I can say for sure about this company, they are not legitimate, interfere with trading, are a dealing desk, will in most cases not allow you to withdraw, act as if they are in the UK but they are based offshore, and use all kinds of cunning to steal your money. I am a realist and know to trade you take risk to make money, risk vs reward, but these are just pure scams and daylight robbery, there is no other way to put it other than they conned me and stole my money and still refuse to give it back.
New thread in the Scam Alerts Folder:
Review is submitted by www.trade-24.com on 04/29/15
The company was first contacted about the issue on 12/12/14 the last contact was on 05/01/15
Details: From: ME
To: daniel.e <daniel.e@trade-24.com>
Subject: Re: closing your positions
Daniel
As I have explained I did not open the positions and therefore I am unable to close them. All trades have been opened and closed by your traders as Dave Fix well understands.
All trades should have been closed when I instructed Dave Fix to cease trading several weeks / months ago;
Please stop the stalling tactics and close all trades and return to me the 146,000 USD that was the balance when I instructed Dave Fix to cease trading and return all funds to me.
Alan
Do I reaaly understand you all correctly??
Are you going to do nothing about return all monies that belong to me and you are holding despite my repeated request to return ALL funds since August last year?????
At least have the decency to communicate or is that too difficult??
Tell me what you are planning to do . Please.
Regards,
Alan.
Company representatives' emails: Jennifer <jennifer.m@trade-24.com>
Rafael <rafael.k@trade-24.com>
Daniel <daniel.e@trade-24.com>
Joe <Joe@trade-24.com>
Leo Wilde <leo@trade-24.com>