Discuss VantageMarkets.com (Was VantageFX.com)

[Elio Matacena]

Class Action against Vantage FX UK.-

Dear Sirs,

good morning. My name is Elio Matacena and I am an Italian citizen and resident. On 2013 Vantage FX UK reversed some trades to me too and after one year and a half the Ombudsman (Financial Ombudsman Service, "FSO") got the final decision against my complaint.

I have rejected their final decision and met my Italian lawyers, having a long discussion about this case. They are quite sure I have good chances to win if my case will be filed in front of an English Court, so I continue to go on against Vantage FX UK.

But, unfortunately, the costs are higher than I expected and I can't afford them alone. Consequently, we decide to try to file a Class Action against this broker for two reasons: first, costs are too high for a single person who has been scammed (and the Broker knows it) and, second, a Class Action has a much stronger impact on the Judge and public opinion with the consequence that the possibilities to win rise up.

If you are interested in this Class Action (momentarily against only Vantage FX UK), feel free to write to our specific new email address: classactionagainstforexbroker@gmail.com.

Best regards,
Elio Matacena.

 

[blackrose]

Hi Elio,

would you publish FOS’s decision in its original wording, please?

 

[Elio Matacena]

Hi Elio,

would you publish FOS’s decision in its original wording, please?

Here you are!

Best regards,
Elio Matacena.

 

[blackrose]

Thank you, Elio!

Before I will give my statement about this ’final decision’ - BS, I will bring up this case in the ’Scam Alert folder’ to ask all the other ’soldiers’ to help you in this case.

You will NOT be alone!

 

[Elio Matacena]

My personal crusade against "Criminals".-

Thank you, Elio!

Before I will give my statement about this ’final decision’ - BS, I will bring up this case in the ’Scam Alert folder’ to ask all the other ’soldiers’ to help you in this case.

You will NOT be alone!

You are welcome!

After some years working on this stuff, I am convinced that it's possible to have a positive chance against these "Criminals" only if together: alone we are weak. And they knows it and they cont on it.

So, anyone that will join my crusade is welcome.

Best regards.
Elio Matacena

 

[veri5]

you are doing good job, shame on toothless Ombudsman, there is something wrong with system I think, instead of punishing brokers and protecting consumers they do opposite, this is need to be changed fundamentally - like in USA, brokers must be fully responsible for their actions, trade cancellations not allowed by law, big penalties and criminal sanctions, only licensed staff - this is the only way scams will stop.
For instance, I traded with US broker ILQ 2 years ago, some days ago I received 30 USD refund after regulators audit, this is the way how regulator should work. And why broker who claims as STP/ all trading styles allowed should audit your trade history, this is at least false advertising.

 

[blackrose]

Elio, I think you should try a lawsuit - maybe also alone! The only important thing is that you are not the one who has to prove. And therefore it would be the best to tell nothing in front of a court, but deny everything what Vantage claims.
Ask for a FORENSIC digital copy of all that should ’proves’ the side of Vantage! They would not be able to provide it. And that’s it!

Good luck!

 

[blackrose]

https://www.gov.uk/make-court-claim-for-money/overview

 

[Tomtotrade]

Hi there,
I really need some advise I have been a vantage affiliate for a month now. I have worked really hard to grow my social media account and also employ a trader to give my clients trading tips. On my affiliate account it says I am owed a balance of $5400. No worries vantage are refusing to pay me because apparently I have been churning clients. I have spoken to multiple people who have been affiliates with vantage and they refuse to pay a lot of them. I have explained the situation sent them screenshots I was told a few days ago that I would be paid in 48 hours and then I got a email to say it would be held for another month. I have done exactly what vantage have stated in my affiliate contract. I have marketers and a trader who are now threatening legal action against me because I haven’t paid them. This whole situation is causing me massive stress. I have tried to explain to vantage that my whole business that I have worked hard on is going to fold because I’m counting on that money to pay the people I owe. Vantage are a shocking company to be a affiliate of - everyone I have spoken has had the same problem. I have attached a few screenshots of emails I have had from representatives from vantage. I’m just completely stuck on what to do and need some advise thanks everyone