I opened a forex account with Neto Trade back in April and deposited around 16K USD. I traded and made my account to 89K in 2 weeks because there was very good news items from Japan. I asked for a refund of 4K. The account manager at that time called Steven Becket sent the funds after a long delay and follow up.
Then an new account manager called Steven Smith called me and said that I am doing a great job and that he can trade my account to make it grow much bigger.He also said that he took over the account as Steven Becket left. He then opened trades with position sizes of 50/80 lots which a 89K account cannot sustain. Within seconds he was closing trades with loss. I asked him what are you doing and said not to worry. Next day morning my time I woke up and saw my account with a huge loss. I tried contacting this account manager but no reply. He lost all my money by afternoon. All 89K lost. Could not contact him anyway after.
After a few days got hold of him after acting like a different person and he apologized for the loss and asked me to invest another 20K. I refused and told him NO.
Then after a few weeks a new account manager called Dan Sitbon called me and said Neto trade was investigating Steven for ruining my account and asked me to invest 2K and that he will make 12K for me in 2 weeks and recover my initial investment. He said that he has a team of 12 experts who has insider information on the markets and have several clients in France which is his terriroty.
I thought that this guy is genuine (my stupidity) and he said that the company is now with a new management and put some terms and conditions where the max loss should be 400USD. If the loss is beyond this my money should be refunded. He said no problem and lost all my money once again in less than 24hrs. I was furious. I contacted him and he apologized which I think is a standard term they used and asked to invest again.
Now a few days ago another account manager called Alexander called me and said that he is from the US and wanted me to invest 10K again and that all losses will be recovered. He was also mentioning that Dan is a bum and does not know anything about forex and now in customer service. I said a big NO THANK YOU.
Please know that Neto Trade is a big scam and they will go all the way to make you deposit money and they know nothing of the market. They just fool you. BE CAREFUL and do not trade with them and I am asking them to refund my money to which they even don't reply. I am also worried because they have my passport copy,photo ID and CC information.
Then an new account manager called Steven Smith called me and said that I am doing a great job and that he can trade my account to make it grow much bigger.He also said that he took over the account as Steven Becket left. He then opened trades with position sizes of 50/80 lots which a 89K account cannot sustain. Within seconds he was closing trades with loss. I asked him what are you doing and said not to worry. Next day morning my time I woke up and saw my account with a huge loss. I tried contacting this account manager but no reply. He lost all my money by afternoon. All 89K lost. Could not contact him anyway after.
After a few days got hold of him after acting like a different person and he apologized for the loss and asked me to invest another 20K. I refused and told him NO.
Then after a few weeks a new account manager called Dan Sitbon called me and said Neto trade was investigating Steven for ruining my account and asked me to invest 2K and that he will make 12K for me in 2 weeks and recover my initial investment. He said that he has a team of 12 experts who has insider information on the markets and have several clients in France which is his terriroty.
I thought that this guy is genuine (my stupidity) and he said that the company is now with a new management and put some terms and conditions where the max loss should be 400USD. If the loss is beyond this my money should be refunded. He said no problem and lost all my money once again in less than 24hrs. I was furious. I contacted him and he apologized which I think is a standard term they used and asked to invest again.
Now a few days ago another account manager called Alexander called me and said that he is from the US and wanted me to invest 10K again and that all losses will be recovered. He was also mentioning that Dan is a bum and does not know anything about forex and now in customer service. I said a big NO THANK YOU.
Please know that Neto Trade is a big scam and they will go all the way to make you deposit money and they know nothing of the market. They just fool you. BE CAREFUL and do not trade with them and I am asking them to refund my money to which they even don't reply. I am also worried because they have my passport copy,photo ID and CC information.
