Original FPA Traders Court Submission:
I am submitting the case against: FXGTrade
My Case is: Correction to the amount that was lost: I re-calculated my all payments to FXGtrade and the amount I invested is $81956. Almost 82000 US dollars.
I opened a trading account with fxgtrade.com in November 2017 and made my first deposit on 27th November, 2017. It was just for $250. The broker named Igor Levinskiy insisted that I add more money to get some serious profit so I added another 2000 USD. He made some profit for me and suggested that I invest at least $20000 to be able to buy a bitcoin and the company would add the same amount as a bonus. I sent them $20000 by wire transfer in mid-December 2017. Everything was going well until 29 December when most of my trades which I had opened at his recommendation had extremely large losses. They told me my trading acct was under the threat of being completely burnt and insisted that I add more money. So I kept adding more and more money and by 4th January, I had already invested more tan 60000 USD. Still, my acct was totally burnt (lost) on that day. They told me if i I wanted to recover the acct, I needed to send 10% of 65000 USD. I did and my trading acct was recovered. They had been trading since then and pressured me to add more and more money which I foolishly did. On 23 February, 2018, when I told them I wanted to withdraw all my invested funds they told me they would send me bitcoins through the site orangecoin.com and I just needed to get registered on the site and buy 0.2 btc. I reluctantly agreed and sent 2000 euro to orangecoin.com. The brokers that were dealing with me at that time were Edgar Schmidt and Erik Lewandowski. Once they got this 2000 euro from my orangecoin.com acct, they stopped responding to me completely and I have not heard from them ever since. I have all recorded phone calls with them, Skype communication and emails. The total amount that I lost through them is 82000 USD.
Here is more detailed information that I provided in my thread in the Scam Review folder while responding to FXGtrade representative:
When I first joined the company in November, I explained to FXGtrade brokers that I was a novice at trading, I had never done it before and didn’t know my way around it. They told me not to worry because they would assign to me very much professional and experienced brokers with 7-17 years of experience in the industry. They told me I should trust them and open trades at their recommendation. After these several months of trading, I can attest now that opening trades at FXGTrade broker’s recommendations, I have observed losses the majority of the time. I now realize that they did it intentionally to bring my acct to critical points so that I add more and more and more money! Then they would wipe off that money of my balance and add it back as “bonus” money! That’s exactly what happened in the 2nd instance.
FXGtrade,
1. First of all, I know I sent my funds to you myself and you have DODs. That's totally irrelevant since I never said I did not send the money myself. The same with the withdrawal, I already mentioned in my posts that I had withdrawn 1000 dollars early on after a week-long wait in early December when broker Igor Levinskiy wanted to prove to me that withdrawal process works smoothly. At that time he was persuading me to send $20000 to buy a bitcoin.
2. Second, all of the trades that produced the BIGGEST LOSSES were opened ONLY at your brokers's recommendations. To prove that, I have a recorded call with Igor Levinskiy that we had on 26 December, 2017, when he told me to open 10 lots for NGAS for Sell, 8 lots for XAUUSD for Sell and other lots like USoil, USDJPY, USDZAR etc. I'm also attaching here a screenshot of his Skype messages where he instructed me to open 8 lots XRPUSD for Sell on the same day.The trades with Ripple, NGAS and XAUUSD were the most losing trades. The Trade with Ripple (8 lots) resulted in 123270 USD Loss!!! The trade with XAUUSD resulted in more than 35000 USD loss! Starting from 28th of December, Igor L. and Edgar Schmidt pressured me to pump in more and more money to "save" the account as they were telling me. Still, the acct was totally destroyed on the 4th of January, 2017!
3. After Igor L. suggested recovery of my account on 5th of January, I had to send from my bank card more than 7000 USD and my acct was "recovered". On 15th of January, I got a new broker Erik Lewandowski. On 22nd of January, he told me to open a huge amount of lots such as USOIL - 30 lots for Sell, EURUSD - 10 lots for Sell. Within a few days, these trades led to HUGE losses and on 29th of January, Erik L.called me and said - "Company will close this almost $50000 loss on USOIL trade at my expense since it was my error. It was my erroneous trades so they will deduct that 50000 from my salary." After that, $50000 was wiped off of my balance and added again as "bonus" money. Plus, I sent from my card $1000 and $2000 to recover ethereums per Edgar's' S. and Erik L.'s suggestion. That $3000 which I sent from my card was also added as bonus money! Plus those "recovered" ethereums were sold and $30000 resulting from that sale were also added as bonus! I have that recorded phone call sa well.
Attached below:
1. Skype correspondence with Igor Lewinskiy on the 26th of December in which he instructed me to open the trades which led to my trading account being completely lost on the 4th of January, despite all the added funds.
2. My email to Edgar Schmidt after the loss of account in which I told him that due to Igor Lewinskiy's errors, my acct was completely lost. I sent that email on the 5th of January. Plus my Skype correspondence with him which proves that all big losing trades were opened at the recommendations of the FXGtrade brokers.
3.Skype messages with Erik Lewandowski's instructions to open trades which had significant losses within a few days ( $42600 loss on USOIL trade).
4. Skype correspondence with Edgar Schmidt
New thread in the Scam Alerts Folder:
Review is submitted by Fraudulent company that stole from me $75000 on 03/01/18
The company was first contacted about the issue on 02/28/18 the last contact was on 03/08/18
Details: Hello, Aport888
We checked the history of your actions on the trading account and found out that there really recorded a loss-making trend. But we must declare that you contributed funds to your trading account by yourself. Our support team was providing you with advice during the trade, but, alas, you ignored our advice. According to the Terms and Conditions (fxgtrade.com/wp-content/themes/fxgtrade/document/Terms_and_Conditions_2017_1.pdf), we are not responsible for our customers` losses.
Each deposit you replenished is supported by the documents which you have signed. An unprofitable account is the result of your activity and we have nothing to do with it.
In addition, according to our data, there was a funds withdrawal from your trading account after to your request. At that time there was a real profit on the account, which we transferred to you. We always withdraw funds and follow the Terms and Conditions and other documentation of our company. We are sorry that you suffered losses, and we will do our best to make your next experience successful!
Respectfully,
FXGtrade customer service department
e-mail: support@fxgtrade.com
Phone:+442031293626
#9FXGTrade, Mar 6, 2018
Company representatives' emails: Edgar Schmidt <Edgar.Schmidt@fxgtrade.com>
Erik Lewandowski <Erik.Lewandowski@fxgtrade.com>
Igor Levinski <Igor.Levinski@fxgtrade.com>
I am submitting the case against: FXGTrade
My Case is: Correction to the amount that was lost: I re-calculated my all payments to FXGtrade and the amount I invested is $81956. Almost 82000 US dollars.
I opened a trading account with fxgtrade.com in November 2017 and made my first deposit on 27th November, 2017. It was just for $250. The broker named Igor Levinskiy insisted that I add more money to get some serious profit so I added another 2000 USD. He made some profit for me and suggested that I invest at least $20000 to be able to buy a bitcoin and the company would add the same amount as a bonus. I sent them $20000 by wire transfer in mid-December 2017. Everything was going well until 29 December when most of my trades which I had opened at his recommendation had extremely large losses. They told me my trading acct was under the threat of being completely burnt and insisted that I add more money. So I kept adding more and more money and by 4th January, I had already invested more tan 60000 USD. Still, my acct was totally burnt (lost) on that day. They told me if i I wanted to recover the acct, I needed to send 10% of 65000 USD. I did and my trading acct was recovered. They had been trading since then and pressured me to add more and more money which I foolishly did. On 23 February, 2018, when I told them I wanted to withdraw all my invested funds they told me they would send me bitcoins through the site orangecoin.com and I just needed to get registered on the site and buy 0.2 btc. I reluctantly agreed and sent 2000 euro to orangecoin.com. The brokers that were dealing with me at that time were Edgar Schmidt and Erik Lewandowski. Once they got this 2000 euro from my orangecoin.com acct, they stopped responding to me completely and I have not heard from them ever since. I have all recorded phone calls with them, Skype communication and emails. The total amount that I lost through them is 82000 USD.
Here is more detailed information that I provided in my thread in the Scam Review folder while responding to FXGtrade representative:
When I first joined the company in November, I explained to FXGtrade brokers that I was a novice at trading, I had never done it before and didn’t know my way around it. They told me not to worry because they would assign to me very much professional and experienced brokers with 7-17 years of experience in the industry. They told me I should trust them and open trades at their recommendation. After these several months of trading, I can attest now that opening trades at FXGTrade broker’s recommendations, I have observed losses the majority of the time. I now realize that they did it intentionally to bring my acct to critical points so that I add more and more and more money! Then they would wipe off that money of my balance and add it back as “bonus” money! That’s exactly what happened in the 2nd instance.
FXGtrade,
1. First of all, I know I sent my funds to you myself and you have DODs. That's totally irrelevant since I never said I did not send the money myself. The same with the withdrawal, I already mentioned in my posts that I had withdrawn 1000 dollars early on after a week-long wait in early December when broker Igor Levinskiy wanted to prove to me that withdrawal process works smoothly. At that time he was persuading me to send $20000 to buy a bitcoin.
2. Second, all of the trades that produced the BIGGEST LOSSES were opened ONLY at your brokers's recommendations. To prove that, I have a recorded call with Igor Levinskiy that we had on 26 December, 2017, when he told me to open 10 lots for NGAS for Sell, 8 lots for XAUUSD for Sell and other lots like USoil, USDJPY, USDZAR etc. I'm also attaching here a screenshot of his Skype messages where he instructed me to open 8 lots XRPUSD for Sell on the same day.The trades with Ripple, NGAS and XAUUSD were the most losing trades. The Trade with Ripple (8 lots) resulted in 123270 USD Loss!!! The trade with XAUUSD resulted in more than 35000 USD loss! Starting from 28th of December, Igor L. and Edgar Schmidt pressured me to pump in more and more money to "save" the account as they were telling me. Still, the acct was totally destroyed on the 4th of January, 2017!
3. After Igor L. suggested recovery of my account on 5th of January, I had to send from my bank card more than 7000 USD and my acct was "recovered". On 15th of January, I got a new broker Erik Lewandowski. On 22nd of January, he told me to open a huge amount of lots such as USOIL - 30 lots for Sell, EURUSD - 10 lots for Sell. Within a few days, these trades led to HUGE losses and on 29th of January, Erik L.called me and said - "Company will close this almost $50000 loss on USOIL trade at my expense since it was my error. It was my erroneous trades so they will deduct that 50000 from my salary." After that, $50000 was wiped off of my balance and added again as "bonus" money. Plus, I sent from my card $1000 and $2000 to recover ethereums per Edgar's' S. and Erik L.'s suggestion. That $3000 which I sent from my card was also added as bonus money! Plus those "recovered" ethereums were sold and $30000 resulting from that sale were also added as bonus! I have that recorded phone call sa well.
Attached below:
1. Skype correspondence with Igor Lewinskiy on the 26th of December in which he instructed me to open the trades which led to my trading account being completely lost on the 4th of January, despite all the added funds.
2. My email to Edgar Schmidt after the loss of account in which I told him that due to Igor Lewinskiy's errors, my acct was completely lost. I sent that email on the 5th of January. Plus my Skype correspondence with him which proves that all big losing trades were opened at the recommendations of the FXGtrade brokers.
3.Skype messages with Erik Lewandowski's instructions to open trades which had significant losses within a few days ( $42600 loss on USOIL trade).
4. Skype correspondence with Edgar Schmidt
New thread in the Scam Alerts Folder:
Review is submitted by Fraudulent company that stole from me $75000 on 03/01/18
The company was first contacted about the issue on 02/28/18 the last contact was on 03/08/18
Details: Hello, Aport888
We checked the history of your actions on the trading account and found out that there really recorded a loss-making trend. But we must declare that you contributed funds to your trading account by yourself. Our support team was providing you with advice during the trade, but, alas, you ignored our advice. According to the Terms and Conditions (fxgtrade.com/wp-content/themes/fxgtrade/document/Terms_and_Conditions_2017_1.pdf), we are not responsible for our customers` losses.
Each deposit you replenished is supported by the documents which you have signed. An unprofitable account is the result of your activity and we have nothing to do with it.
In addition, according to our data, there was a funds withdrawal from your trading account after to your request. At that time there was a real profit on the account, which we transferred to you. We always withdraw funds and follow the Terms and Conditions and other documentation of our company. We are sorry that you suffered losses, and we will do our best to make your next experience successful!
Respectfully,
FXGtrade customer service department
e-mail: support@fxgtrade.com
Phone:+442031293626
#9FXGTrade, Mar 6, 2018
Company representatives' emails: Edgar Schmidt <Edgar.Schmidt@fxgtrade.com>
Erik Lewandowski <Erik.Lewandowski@fxgtrade.com>
Igor Levinski <Igor.Levinski@fxgtrade.com>
Attachments
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Skype Igor L.told me to open 8 lots Ripple for sell 26 Dec 2017.pdf405.1 KB · Views: 13
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Erik Lewandowski told mr to open USOIL 30 lots 22 Jan 2018.pdf862.3 KB · Views: 31
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Skype messages with Edgar Schmidt PDF.pdf564 KB · Views: 12
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Skype .messages with Erik L. who scammed me to buy 2000Euro of BTC on orangecoin.pdf700.1 KB · Views: 14