If I understand the Complainant's recitals, TurnkeyFX does not have an issue with the initial account deposit. Turnkey is challenging profits made in the account. So, in an extraordinarily rare instance, a trader overcomes every imaginable obstacle and complexity (multiplied by ten for US traders) after years and thousands of hours of study and trading, probably losing significant sums of initial capital and finally finds success in Forex, makes a ton of money and the broker says, you can't have your hard earned profit until you provide sensitive private financial information, which the broker unilaterally decides whether the information is sufficient to enable the hapless trader to withdraw the profit.
My issue is, why would profits made in the account be suspect? How can the source of these profits be in question? The profits were produced on the brokers very own servers, that is the source.
What possible bearing does the trader's extensive private financial information have on income produced through the broker's servers? The broker is claiming "compliance". Compliance with what? Turnkey is not regulated. How can anti laundering or proceeds from other possible criminal sources be an issue when the source of the profit is from trading through the broker's very own servers. What possible relevance would three years past tax returns have on the profits at question in real time.
The source of the profit is not an issue. The Complainant complied with the mandatory criteria to open the account. The broker has a strong motive to perpetuate this fraud - steal hundreds of thousands of dollars from the trader. If a broker is committing a criminal act by perpetuating a massive fraud, why would a trader send a criminal more private sensitive financial information? My comments are based on the posts and exhibits provided by the Complainant in this thread. I am a FinPro Trading client. FinPro provides TurnkeyFX(UK) Ltd MT4 servers. The following is copied from an email I received by a Finpro representative regarding deposit instructions. The instructions clearly show TurnkeyFX(UK) Ltd is the account holder, not FinPro Trading.
-----Original Message-----
From: Sneha Gar
g <sgarg@finprotrading.com>
To: floridatraderllc
Sent: Thu, Sep 20, 2018 9:20 am
Subject: FinPro Trading: Re: Request for Deposit Bank Transfer Details
Dear Florida Traders LLC,
Hope you are doing well!
This is in regard to an enquiry you made on
support@finprotrading.com for bank wire details.
Please find the bank wire details as follows:
HSBC-USD Account:
Bank Details-
Company name: TURNKEYFX (UK) LTD
Account number: 76720925
Bank Identifier Code/ SWIFT: HBUKGB4B
International Bank Account Number: GB53HBUK40127676720925
Sort Code: 400515