Did you get your money back guys??
No. The situation continues.
Nanda
Did you get your money back guys??
They claim to be a leading international algo trading company . They uses a broker called bealgo.com. One can use bealgo website to deposit money to the broker. They claim that they would take 30% of the profit and money can be withdrawn at any time. Bealgo also provides MT4 where one can see open trades. They only trade EUR/ USD pair
I deposited 2100 EUR with them through 3 credit card transactions . Dated 16/09/2017, 4/10/2017 and 2/10/2018.
I posted my first withdrawal request on 03/10/2018 for 1000 EUR. I got a call from Robin Hill , my account manager from Algotechs, that they can not process credit card withdrawal request and I should request a wire transfer. I posted a wire transfer request to my bank on 07/10/2018 for 2500 EUR. Nothing happened . I inquired status of my request several times through bealgo customer support, never received any reply. 29/10/2018 , I called Robin Hill (account manager from Algotechs) that I want to to close my account . I send the request number of times to bealgo but nothing happened. I also asked him to close all open trades and cease trading activities from my account.
Immediately after that some huge trades were placed in my account and it went to negative. Also these trades were also fake . A buy order is placed for lot size 2.52 on 29/10 at 12:50 @1.4459 which is making loss of EUR 1800. Interestingly EUR/USD pair today was between 1.13697 - 1.13754. Please check the account report before I spoke to Algotechs guy Robin Hill and after that. The profitable open trades disappeared .
I think the above account is fake or sponsored by BeAlgo but I am not able to withdraw my money since last 2 weeks now. Have been contacting both Algotechs and BeAlgo and not getting any satisfactory answer apart from waiting to get the Københavns Andelskasse thing sorted out.
I am not sure what I can do now, apart from waiting. BeAlgo is suggesting to transfer the money back to trading account until the situation is resolved.
What do you guys suggest, is going to a lawyer a good option here? Waiting to hear some serious replies from people who are also suffering.
Did you get a problem with them as well?Hi guys, can anyone here suggest what can be done in these kind of cases. The company is situated in Bulgaria and can we start any legal proceeding from outside Bulgaria. How and where can we report these kind of cases and save others from falling in such traps. I am really frustrated with the kind of information they are sharing and that is looking to be trap to me and I want to at least report this to local police.
Any help or info would be highly appreciated!!
First of all open a new thread in scam folder along with full details of your problem with them.Thats what my whole post and earlier posts mean. I am facing the problem with BeAlgo only and I am not sure what to do and how can I start any legal proceeding against them from outside Bulgaria.
I need some people who have faced the same withdrawal issues with BeAlgo and I want to ask them what are they doing for it.
I need some serious advice on this.