Resolved - VANTAGE HAS STOLEN 275K EURO AND IS RUINING MY LIFE!

IVA KOLBINGER

Recruit
Messages
12
I opened an account with Vantage in March 2022 and had invested my last life savings by betting on Netflix in April.
I did my research on the news and social media on April 18th and 19th, even during my work, to find out that Netflix is probably releasing negative numbers, which was the case, and my trades went very well!
I made a profit of €275K in total. The whole financial risk was mine, and I had no risks of running out of margin at any time and Vantage never had an actual financial risk through my trades.

Two days after the trades, on April 21, the Risk Mgmt Dept asked me not to continue "such practices". I directly stopped all and asked for immediate clarification and transparency. Nonetheless, without any further action from my side, they issued the account termination notice and have withdrawn €275K from my MT5 account under the pretext of false allegations.
That same day I had a nervous breakdown and had to be treated medically. Desperately I reached out to close friends who helped me by connecting me to financial fraud experts.

Since then, I have never received an explanation as to why they have stolen my money.
First, they accused me of engaging in abnormal trading conditions and in "gap trading". I told them that I have not gap-traded and that only a few trades potentially fall under this term. I also confronted them that even if I did, they encouraged the traders to DO THIS! (See attached screenshot!).
After I shared the link to their own gap-trading tutorial (attached screenshot from May 5th 2022 – still available as cache), they deleted and removed it! This shows their character. Then I was told my trading style was too risky, without giving any details about the affected trades.
Later, I was informed that my trading account was found to be associated with another person who was in breach of the terms and conditions of the Company. It all was an apparent attempt to steal the money in a massive fraud!

There was one call with a person named "Rami", which promised to reply to all questions (see attachment correspondence 01) that I would send to them, but instead, they only kept sending the same template as a reply to all of my emails:
"In response to your below email, kindly be reminded that the Company reserves its rights to respond to all your allegations only in case that it shall be deemed necessary. We would like to emphasize that your account has been found to be acting in breach of the terms and conditions of the Company, as accepted during your registration with the Company. "
This Company says that it doesn't need to reply to the customer's questions and needs no evidence that the customer broke the terms. This is a like street robbery gang!

Throughout the course of my correspondence with them, I have requested transparency with facts and credible reasons that would justify and legitimize their deduction, but at each step of the way, I was given rhetoric and jingoism.
As they did not provide any information about the reasons, I asked an external professional auditor to review my trades with Vantage and compare them with their terms. (see attachment!)
Nothing was found, and they never commented on this fair, independent analysis. This highlights the fraud intention and confirms their scamming concept.
Following a harrowing six months of staggered communication and gaslighting, they were trying to force me to accept a rotten offer of €60k.
They said that if you don't take the €60k by tomorrow, you will lose everything. This is blackmailing! (see attachment woth correspondence)

To date, I didn't get any answers, not even to the easiest questions: why did they take my money? Where do these gains go? Are they being returned to the liquidity providers?
I am very troubled as they are avoiding the truth, and there are rumors going around that the Company is going bankrupt and that their managers are scamming traders and splitting the profits amongst themselves.

Recently, a close friend, whom I asked for help, reached out to the Company's managers like this David Shayer, and as their first reaction, they immediately shut down my account and told him to contact compliance@vantagemarkets.com again. This is an endless story.


MY HEALTH IS DECLINING, MY DEBTS ARE INCREASING, AND THEY ARE RUINING MY LIFE!
I am devastated as I risked all of my funds to pay off my debts quickly. I know this was risky but the variable interest rate has increased and it was ruining my life and this was one chance for me.
Thanks to Vantage, I may even have to sell my apartment now, as I can't afford the higher rates and Vantage doesn't give me my money back.
Also, my family put a lot of pressure on me after I told them about this fraud, while recovery managers surrounded me to hire them.
A dirty campaigning specialist from Israel that had a look at this case suggests disclosing the whole story in a public letter on a website and inviting Vantage's sponsors and business partners, such as UNESCO and McLaren, and the international press to read the whole story.
They also mentioned the opportunity to put Vantage on the blacklist of advertising servers and search engines to stop them from scamming others.

Other sources told me they might do the same as FTX has done recently. They are not able to pay you out once you win a lot. This would mean there is only little of the deposited funds in their system???

After six months , I am also at a point where I can't take this any longer and I need just my money to pay off my debts.
This is all too much for me and the last option, and my health status just screams for a quick happy end and no more sleeping pills to suppress nightmares…
I hope that FPA and its users can help me here and that Vantage finally wakes up and tells me that this is a big misunderstanding.

I am disclosing everything to make this a transparent case and to motivate FPA to list Vantage as a scam broker.
I am sharing my trades with the MT5 account number 1181028 and a fair, transparent and clear overview with the comments from an independent external auditor.
I am also disclosing the email correspondence as I want to be fully transparent!


This is my final appeal to VANTAGE:
Why did you steal my €275K of gain, although I did not break any terms?
If I did, which terms did I broke?
What happens to the money you stole from me? Is Mr Shayer financing his big lifestyle & bed&breakfast in Inverness with it? Is he paying the UNESCO Sponsorship?


Thank you, dear FPA community, for reading and for any advice you can give me in this situation!
I hope this can help me to get back to my normal life.
 

Attachments

  • screencapture-vantagemarkets-education-how-to-trade-gaps-in-the-forex-market-2022-05-11-15_00_25.png
    screencapture-vantagemarkets-education-how-to-trade-gaps-in-the-forex-market-2022-05-11-15_00_25.png
    2.9 MB · Views: 306
  • 01-Memoformat-20221012-CENS1.pdf
    2.2 MB · Views: 193
  • 02-Memoformat-20221102_CENS2.pdf
    394.6 KB · Views: 104
  • 03-VANTAGE_vs_iva_kolbinger_trades_03102022_CENS3.pdf
    214.5 KB · Views: 167
I opened an account with Vantage in March 2022 and had invested my last life savings by betting on Netflix in April.
I did my research on the news and social media on April 18th and 19th, even during my work, to find out that Netflix is probably releasing negative numbers, which was the case, and my trades went very well!
I made a profit of €275K in total. The whole financial risk was mine, and I had no risks of running out of margin at any time and Vantage never had an actual financial risk through my trades.

Two days after the trades, on April 21, the Risk Mgmt Dept asked me not to continue "such practices". I directly stopped all and asked for immediate clarification and transparency. Nonetheless, without any further action from my side, they issued the account termination notice and have withdrawn €275K from my MT5 account under the pretext of false allegations.
That same day I had a nervous breakdown and had to be treated medically. Desperately I reached out to close friends who helped me by connecting me to financial fraud experts.

Since then, I have never received an explanation as to why they have stolen my money.
First, they accused me of engaging in abnormal trading conditions and in "gap trading". I told them that I have not gap-traded and that only a few trades potentially fall under this term. I also confronted them that even if I did, they encouraged the traders to DO THIS! (See attached screenshot!).
After I shared the link to their own gap-trading tutorial (attached screenshot from May 5th 2022 – still available as cache), they deleted and removed it! This shows their character. Then I was told my trading style was too risky, without giving any details about the affected trades.
Later, I was informed that my trading account was found to be associated with another person who was in breach of the terms and conditions of the Company. It all was an apparent attempt to steal the money in a massive fraud!

There was one call with a person named "Rami", which promised to reply to all questions (see attachment correspondence 01) that I would send to them, but instead, they only kept sending the same template as a reply to all of my emails:
"In response to your below email, kindly be reminded that the Company reserves its rights to respond to all your allegations only in case that it shall be deemed necessary. We would like to emphasize that your account has been found to be acting in breach of the terms and conditions of the Company, as accepted during your registration with the Company. "
This Company says that it doesn't need to reply to the customer's questions and needs no evidence that the customer broke the terms. This is a like street robbery gang!

Throughout the course of my correspondence with them, I have requested transparency with facts and credible reasons that would justify and legitimize their deduction, but at each step of the way, I was given rhetoric and jingoism.
As they did not provide any information about the reasons, I asked an external professional auditor to review my trades with Vantage and compare them with their terms. (see attachment!)
Nothing was found, and they never commented on this fair, independent analysis. This highlights the fraud intention and confirms their scamming concept.
Following a harrowing six months of staggered communication and gaslighting, they were trying to force me to accept a rotten offer of €60k.
They said that if you don't take the €60k by tomorrow, you will lose everything. This is blackmailing! (see attachment woth correspondence)

To date, I didn't get any answers, not even to the easiest questions: why did they take my money? Where do these gains go? Are they being returned to the liquidity providers?
I am very troubled as they are avoiding the truth, and there are rumors going around that the Company is going bankrupt and that their managers are scamming traders and splitting the profits amongst themselves.

Recently, a close friend, whom I asked for help, reached out to the Company's managers like this David Shayer, and as their first reaction, they immediately shut down my account and told him to contact compliance@vantagemarkets.com again. This is an endless story.


MY HEALTH IS DECLINING, MY DEBTS ARE INCREASING, AND THEY ARE RUINING MY LIFE!
I am devastated as I risked all of my funds to pay off my debts quickly. I know this was risky but the variable interest rate has increased and it was ruining my life and this was one chance for me.
Thanks to Vantage, I may even have to sell my apartment now, as I can't afford the higher rates and Vantage doesn't give me my money back.
Also, my family put a lot of pressure on me after I told them about this fraud, while recovery managers surrounded me to hire them.
A dirty campaigning specialist from Israel that had a look at this case suggests disclosing the whole story in a public letter on a website and inviting Vantage's sponsors and business partners, such as UNESCO and McLaren, and the international press to read the whole story.
They also mentioned the opportunity to put Vantage on the blacklist of advertising servers and search engines to stop them from scamming others.

Other sources told me they might do the same as FTX has done recently. They are not able to pay you out once you win a lot. This would mean there is only little of the deposited funds in their system???

After six months , I am also at a point where I can't take this any longer and I need just my money to pay off my debts.
This is all too much for me and the last option, and my health status just screams for a quick happy end and no more sleeping pills to suppress nightmares…
I hope that FPA and its users can help me here and that Vantage finally wakes up and tells me that this is a big misunderstanding.

I am disclosing everything to make this a transparent case and to motivate FPA to list Vantage as a scam broker.
I am sharing my trades with the MT5 account number 1181028 and a fair, transparent and clear overview with the comments from an independent external auditor.
I am also disclosing the email correspondence as I want to be fully transparent!


This is my final appeal to VANTAGE:
Why did you steal my €275K of gain, although I did not break any terms?
If I did, which terms did I broke?
What happens to the money you stole from me? Is Mr Shayer financing his big lifestyle & bed&breakfast in Inverness with it? Is he paying the UNESCO Sponsorship?


Thank you, dear FPA community, for reading and for any advice you can give me in this situation!
I hope this can help me to get back to my normal life.
This https://www.forexpeacearmy.com/comm...uest-for-vantage-customers.74342/#post-429151 thread can help you reach large media attention.
 
Hmmm. Do you have a copy of the mt5 statement? Here is a tutorial:


Did you read the updated trader's court rules here:

??


I would also suggest you apply for a free consultation from Mikov. Here: https://www.forexpeacearmy.com/comm...ith-forex-and-crypto-regulated-brokers.63313/
 
Last edited:
I opened an account with Vantage in March 2022 and had invested my last life savings by betting on Netflix in April.
I did my research on the news and social media on April 18th and 19th, even during my work, to find out that Netflix is probably releasing negative numbers, which was the case, and my trades went very well!
I made a profit of €275K in total. The whole financial risk was mine, and I had no risks of running out of margin at any time and Vantage never had an actual financial risk through my trades.

Two days after the trades, on April 21, the Risk Mgmt Dept asked me not to continue "such practices". I directly stopped all and asked for immediate clarification and transparency. Nonetheless, without any further action from my side, they issued the account termination notice and have withdrawn €275K from my MT5 account under the pretext of false allegations.
That same day I had a nervous breakdown and had to be treated medically. Desperately I reached out to close friends who helped me by connecting me to financial fraud experts.

Since then, I have never received an explanation as to why they have stolen my money.
First, they accused me of engaging in abnormal trading conditions and in "gap trading". I told them that I have not gap-traded and that only a few trades potentially fall under this term. I also confronted them that even if I did, they encouraged the traders to DO THIS! (See attached screenshot!).
After I shared the link to their own gap-trading tutorial (attached screenshot from May 5th 2022 – still available as cache), they deleted and removed it! This shows their character. Then I was told my trading style was too risky, without giving any details about the affected trades.
Later, I was informed that my trading account was found to be associated with another person who was in breach of the terms and conditions of the Company. It all was an apparent attempt to steal the money in a massive fraud!

There was one call with a person named "Rami", which promised to reply to all questions (see attachment correspondence 01) that I would send to them, but instead, they only kept sending the same template as a reply to all of my emails:
"In response to your below email, kindly be reminded that the Company reserves its rights to respond to all your allegations only in case that it shall be deemed necessary. We would like to emphasize that your account has been found to be acting in breach of the terms and conditions of the Company, as accepted during your registration with the Company. "
This Company says that it doesn't need to reply to the customer's questions and needs no evidence that the customer broke the terms. This is a like street robbery gang!

Throughout the course of my correspondence with them, I have requested transparency with facts and credible reasons that would justify and legitimize their deduction, but at each step of the way, I was given rhetoric and jingoism.
As they did not provide any information about the reasons, I asked an external professional auditor to review my trades with Vantage and compare them with their terms. (see attachment!)
Nothing was found, and they never commented on this fair, independent analysis. This highlights the fraud intention and confirms their scamming concept.
Following a harrowing six months of staggered communication and gaslighting, they were trying to force me to accept a rotten offer of €60k.
They said that if you don't take the €60k by tomorrow, you will lose everything. This is blackmailing! (see attachment woth correspondence)

To date, I didn't get any answers, not even to the easiest questions: why did they take my money? Where do these gains go? Are they being returned to the liquidity providers?
I am very troubled as they are avoiding the truth, and there are rumors going around that the Company is going bankrupt and that their managers are scamming traders and splitting the profits amongst themselves.

Recently, a close friend, whom I asked for help, reached out to the Company's managers like this David Shayer, and as their first reaction, they immediately shut down my account and told him to contact compliance@vantagemarkets.com again. This is an endless story.


MY HEALTH IS DECLINING, MY DEBTS ARE INCREASING, AND THEY ARE RUINING MY LIFE!
I am devastated as I risked all of my funds to pay off my debts quickly. I know this was risky but the variable interest rate has increased and it was ruining my life and this was one chance for me.
Thanks to Vantage, I may even have to sell my apartment now, as I can't afford the higher rates and Vantage doesn't give me my money back.
Also, my family put a lot of pressure on me after I told them about this fraud, while recovery managers surrounded me to hire them.
A dirty campaigning specialist from Israel that had a look at this case suggests disclosing the whole story in a public letter on a website and inviting Vantage's sponsors and business partners, such as UNESCO and McLaren, and the international press to read the whole story.
They also mentioned the opportunity to put Vantage on the blacklist of advertising servers and search engines to stop them from scamming others.

Other sources told me they might do the same as FTX has done recently. They are not able to pay you out once you win a lot. This would mean there is only little of the deposited funds in their system???

After six months , I am also at a point where I can't take this any longer and I need just my money to pay off my debts.
This is all too much for me and the last option, and my health status just screams for a quick happy end and no more sleeping pills to suppress nightmares…
I hope that FPA and its users can help me here and that Vantage finally wakes up and tells me that this is a big misunderstanding.

I am disclosing everything to make this a transparent case and to motivate FPA to list Vantage as a scam broker.
I am sharing my trades with the MT5 account number 1181028 and a fair, transparent and clear overview with the comments from an independent external auditor.
I am also disclosing the email correspondence as I want to be fully transparent!


This is my final appeal to VANTAGE:
Why did you steal my €275K of gain, although I did not break any terms?
If I did, which terms did I broke?
What happens to the money you stole from me? Is Mr Shayer financing his big lifestyle & bed&breakfast in Inverness with it? Is he paying the UNESCO Sponsorship?


Thank you, dear FPA community, for reading and for any advice you can give me in this situation!
I hope this can help me to get back to my normal life.
I also like to know where are you from and check the thread suggested by @4evermaat
 
Hmmm. Do you have a copy of the mt5 statement? Here is a tutorial:


Did you read the updated trader's court rules here:

??


I would also suggest you apply for a free consultation from Mikov. Here: https://www.forexpeacearmy.com/comm...ith-forex-and-crypto-regulated-brokers.63313/
I am attaching a full MT5 statement, but it is in German.
I have read the trader's court rules now. Is there anything I can do to improve my report?
Thank you for your suggestion to apply for a free consultation.
 
I am attaching a full MT5 statement, but it is in German.
That's no problem. The format of the MT statement is the same, regardless of language

The forum accepts html, xlsx, and common image files. But just in case, you can zip the files and upload the .zip file here. It's all in the tutorial video.

I have read the trader's court rules now. Is there anything I can do to improve my report?

Not really. The mt5 account statement will fill in most of the blanks.

What date did you first reach out to Vantage?
When was the last reply from them?

MY HEALTH IS DECLINING, MY DEBTS ARE INCREASING, AND THEY ARE RUINING MY LIFE!
I am devastated as I risked all of my funds to pay off my debts quickly. I know this was risky but .....

Please keep your spirits up. At minimum, read some cases in the resolved issues folder which might give you some comfort. I also updated a private message about this.

 
That's no problem. The format of the MT statement is the same, regardless of language

The forum accepts html, xlsx, and common image files. But just in case, you can zip the files and upload the .zip file here. It's all in the tutorial video.



Not really. The mt5 account statement will fill in most of the blanks.

What date did you first reach out to Vantage?
When was the last reply from them?



Please keep your spirits up. At minimum, read some cases in the resolved issues folder which might give you some comfort. I also updated a private message about this.

Thank you a lot for your support and for motivating me to keep on going. The resolved issues folder is great!
First they reached out to me on April 20th by email and from there on we had a long correspondence until November 16th.
 
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