Deepakjain
Private, 1st Class
- Messages
- 47
Hello,
This is a scam broker and I have been trading with them for a long time (since July 2016). My trading account size was $25,000 when opened. It came to realization that the broker deletes most of the profitable trades and brings down the equity in no time so that payouts are avoided. Recently my equity shot up to $35279 and upon asking the withdrawal the company disabled the account and deleted my most profitable trades and brought the equity to $12,000. No EXPLANATION of any kind is being offered by IB and support team and Director of the company. Support staff do not have any explanation and no one takes any effort to offer a solution. My withdrawal is denied and this is purely intentional scam and act of fraudulence. I have sufficient evidence (screenshot, account statement and email communication/log).
Also it is claimed by them they are regulated by FSA Seychelles (SD011), FSA St. Vincent, and FCA UK. They moreover claim to be pure ECN STP Broker and have 20+ liquidity service providers. Their act of deleting trades and disabling accounts without intimations sounds very fishy and looks like pure deal desk broker who simply operate a company to lure public funds in name of ECN Brokerage. Brokers like this need to be thrown away from financial global markets.
NOTE: To add to this mess it is a pity that FSA Seychelles does not have a proper reporting system or email address to report this scam. ARE THEY REALLY A REGULATING ENTITY or it is just a financial body to collect money? Someone please enlighten me if FSA Seychelles is really a regulating entity that regulates anything. Would be happy to expose this scam to FSA with clear evidence of manipulation and intentional fraudulence.
This is a scam broker and I have been trading with them for a long time (since July 2016). My trading account size was $25,000 when opened. It came to realization that the broker deletes most of the profitable trades and brings down the equity in no time so that payouts are avoided. Recently my equity shot up to $35279 and upon asking the withdrawal the company disabled the account and deleted my most profitable trades and brought the equity to $12,000. No EXPLANATION of any kind is being offered by IB and support team and Director of the company. Support staff do not have any explanation and no one takes any effort to offer a solution. My withdrawal is denied and this is purely intentional scam and act of fraudulence. I have sufficient evidence (screenshot, account statement and email communication/log).
Also it is claimed by them they are regulated by FSA Seychelles (SD011), FSA St. Vincent, and FCA UK. They moreover claim to be pure ECN STP Broker and have 20+ liquidity service providers. Their act of deleting trades and disabling accounts without intimations sounds very fishy and looks like pure deal desk broker who simply operate a company to lure public funds in name of ECN Brokerage. Brokers like this need to be thrown away from financial global markets.
NOTE: To add to this mess it is a pity that FSA Seychelles does not have a proper reporting system or email address to report this scam. ARE THEY REALLY A REGULATING ENTITY or it is just a financial body to collect money? Someone please enlighten me if FSA Seychelles is really a regulating entity that regulates anything. Would be happy to expose this scam to FSA with clear evidence of manipulation and intentional fraudulence.
