Sashokv36 please post details of what happened with you. I have received the first 5 withdrawals so far bang on time and the growth is as expected but still worried as there is no way to really know they are totally legit for me till I have received my total investment back!
You are the first person online to suggest a negative please elaborate.
Imran
Ok, here it goes.
They called me some day back in January. They knew both my mobile and office numbers. They offered to open trial 500 GBP account, so that if I am not happy with the result, I can just get my money back after a month no questions asked. After about couple of weeks my trader started to call me regularly suggesting that if I am happy with the results, I should top up to open regular account. As this trial account showed some steady growth, I toped up to basic 5,000 GBP account. Soon after that same trader started to call me regularly, trying to persuade me to invest more. I told him that I would like first to see how withdrawal system works, to test the whole cycle so to speak. My first withdrawal of profit was due at the end of March, so I promptly requested that. They confirmed that money were wired to my bank account. I was waiting for a few days, but nothing arrived at my account. Some e-mail exchanges happened, but without any result. I had to write to my trader and couple of days later money arrived at my account - with 2 weeks delay. Tarder apologized for that, cited clerical error and promised that as a compensation for delay they will not charge commission this time. Needless to say that commission was eventualy charged. Anyway, soon after that trader started to push me in very persistant way to increase my investment at least to next level, i.e. up to 15,000 GBP. Somehow that did not feel right, so after few weeks I suggested that I need more time to build confidence. I really started to have a feeling that this is Ponzi, as he was pushing on me quite hard before, btu this time he said that he will call me in couple of month.
OK, in the meantime time came for my second withdrawal. This time after I requested it money was sent promptly without any reminders. The only thing which I did not like was again theire not so clean approach to charging commission. After they took away commission, they rounded down my profit to the nearest multiple of 100 GBP, which was like taking off about 80 GBP. I asked if they will charge commission from this leftover next time and they said "Of course no, we only charge commission once". Needless to say that they charge commsission from that amount second time later on. Not a lot of money, but not very honest approach either.
Finally in about month and a half after second withdrawal same trader called me again and offered some very special deal, which would have required investing additional 20,000 GBP and no profit withdrawals for next 6 months. This somehow raised my suspicion level, so I refused this offer. After that guy went really mad. He became very rude and discussion became extremely unpleasant. He was literally shouting at me, saying what else do I need to start trusting them etc. That was just not right. Eventually he suggested that if I do not want to invest more, I should close my account (sic!). At this stage I did not want to deal with them anymore anyway, so few minutes later I wrote an e-mail requesting to close my account.
And now icing on the cake - they actually agreed to close my account no questions asked. However, they pulled out a clause in their conditions that stipulates in some convoluted way that after my account is closed, I need to wait for 180 days before they will wire my money back! This means that with my account being closed on the last day of August, they will only transfer my money at the end of February 2016. Of course, they have already deducted commission due from the profits created after previous withdrawal. When I asked about their registration with financial regulators, they wrote that they are not regulated, they never professed to be regulated and that I was warned about this by their advisor who offered me to invest - last point is definitely not true. I must admit that I was really stupid not to check this clause about 180 days wait until money return - I would have never invested if I would know this in the first place.
So now I do not have much options, I just have to wait until end of February to see if they are still around and whether they will send my money back. We shall see, though I do not hold my breath.
Take this for what it's worth and maybe your story is different. Maybe they will send me my money back in few months. In any case, I am very happy that I have not invested more.