THINKMARKETS - STAY AWAY! THEY WILL SCAM YOU!

[FxMaster]

This doesn't sound right. Something is off, I have personally traded with ThinkForex in the past and have never had issues. I haven't managed money for others so I can't say anything about that. But your story is not complete, we don't know everything. Were you churning like they say? Meaning were you only trading for this one client and profits were much lower than the rebates you were earning, or even losing money while profiting from rebates? If that is the case then perhaps this is in breach of ThinkForex's contract, but still they must pay off all your money and then kick you out, otherwise it's scam. You should get in touch with their regulator, but I don't know if you fall within the FOS as you are an 'affiliate'

Look at the amount mate, He has trust to put that much with them and he is looking for the answer now but no one replying him in a proper way.

 

[chitak]

Look at the amount mate, He has trust to put that much with them and he is looking for the answer now but no one replying him in a proper way.

From what I understand the amount is commissions owed to the person, nothing to do with the trading account just the commissions are being withheld. But still it's an odd way to just ignore this, ThinkForex could be labeled as scam over something like that.

 

[FxMaster]

From what I understand the amount is commissions owed to the person, nothing to do with the trading account just the commissions are being withheld. But still it's an odd way to just ignore this, ThinkForex could be labeled as scam over something like that.

Why there is no response from official yet?

 

[VINCIFX]

Sorry guys, been away for a while on family matters....I will update you soon with new things that happened since last time i wrote here.
Until then, do your own due dilligence but avoid ThinkMarkets!

 

[Alfonso87]

I have had a money manager contract (Multi-Account Manager) with
Tf Global Markets. This was through my company (which i am the sole director of). I was carrying out trading on behalf of an unnamed associate of mine.
A lot size limitation applied to my trading, which was making it difficult for me to
carry out my associate’s instructions and I ended up causing losses. I tried to
engage in higher volume trading as a means of recovering these, but Tf Global
Markets suspected I was engaging in churning and terminated my account.
Tf Global Markets also refused to pay you the commission you were owed of a value of 183.000€.

CONCLUSION: JOE RUNDLE want to just showoff his new position at this very new job after jumping from ETX to GKFX to THINKMARKETS....so he will do anything he can to trap you into some 'breach of terms and conditions' just with the intention to steal your commision, to suspend your trading or to limit size of your trading. AVOID THIS BROKER AT ALL COSTS!!! SCAM ALERT!!!

 

[Alfonso87]

Sounds a bit like how they nailed me. My case is a bit more confusing and they amazingly blame me.

 

[VINCIFX]

So, a bit of follow up of this story, through a third party, THINKMARKETS offered me to keep my mouth shut the amount of 10000euro which I refused; They owe me 185000euro, not 10000euro!!

The 10000euros was to remove all my posts on FPA as well as twitter! They are afraid of bad publicity and they want to protect their image! As every other scammer!
I'm looking for a legal solution now to go over them. Negotiations and small talk are over!

THINKMARKETS IS A LEGIT SCAM BROKER, BEWARE DOING TRADING TO THEM, MANAGING MONEY TO THEM, TRADING TO THEM!!

You've been WARNED!!

 

[Longbow]

This is really disgusting how these brokers runs their business. I was astonished by the number they have cheated you for this is horrifying. I am a money manager based in UK and I was researching for some decent brokers to move all my clients funds to, a little bit over 200k of capital, since i am not satisfied by my current broker market conditions. and was considering ThinkMarkets as one of my final candidates, but not anymore after what i have read on this forum, it was so astonishing that it provoked me to register to participate in this thread. I can also see that this is not the sole case around here, there are many other victims! Thanks for sharing your case and giving us this heads up. And I wish you good luck trying to retrieved your ripped off funds!

 

[VINCIFX]

This is really disgusting how these brokers runs their business. I was astonished by the number they have cheated you for this is horrifying. I am a money manager based in UK and I was researching for some decent brokers to move all my clients funds to, a little bit over 200k of capital, since i am not satisfied by my current broker market conditions. and was considering ThinkMarkets as one of my final candidates, but not anymore after what i have read on this forum, it was so astonishing that it provoked me to register to participate in this thread. I can also see that this is not the sole case around here, there are many other victims! Thanks for sharing your case and giving us this heads up. And I wish you good luck trying to retrieved your ripped off funds!

Yes, this is the purpose of this thread and FPA in general, to inform others participants into trading about criminal activities of those 'bucket shop brokers'! There should be an easy legal way to stop this suckers and to be able to get your money back, but unfortunately, there is not. ONLY ruining their reputation is what is really work in some degree.Good luck with your clients and finding a good broker!

 

[VINCIFX]

I just want to put a bit of new info on this story:
* one compliance guy called me to 'find out my part of the story' and to say 'i'm sorry to hear about your issue and about your losses'....

Can you believe that? They called me after 6 months, only to find out my side of the story..like there is something that cannot be verified on their own end!!

THINKMARKETS are SCAMMERS and LOWLIFE business partners!

AVOID THEM AT ALL COST!!!