Complaint by a multi - IC MARKETS

[Vanessa.P]

I hope there is some moderator here who can take action because ic markets usually have these attitudes, I can provide evidence of this too

 

[Vanessa.P]

believe me, I'm not there with you, but I can teach you one thing, when you really start making a lot of money (and I hope so) and the broker will start to stand against you remember that there's someone willing to help you, I could show you my statement of the year 2017, I started from a 15k account. and in 8 months I have reached a million and 600 thousand dollars, the second year I have made another 2 mln (I can attach the statements without any problem), you think you know what this means, you've never managed to close a year in positive ? do you know who you're talking to? do you know that I am part of the ranking of Traders who have made the most profit, starting from a ridiculous capital? I would like to tell you my story and maybe you would understand ... you know ... The only thing I was wrong was not to withdraw and trust this broker, the next time before defending a broker because maybe they promised you $ 500 of bonus pensaci know better what you are talking about but above all if you want to attack me insured PRiMA DI AVERETTA MY POST for whole! good life and good trading

Absolutely correct you don’t have to answer me.
I would how ever look in the mirror when it comes to problems with your trading and not place blame on the broker. Your screen shot shows enough to anyone that you shouldn’t be trading live.

 

[Vanessa.P]

does anyone know a good lawyer or a body that can help me?

 

[Vanessa.P]

the contacts of Ic markets and their directors know him well, today I received communication from the Fos useless as they have not yet received the LOG THAT I AM ASKING to the fos and the broker for months

 

[Vanessa.P]

I want to talk to a good lawyer who can help me, can someone help me?

 

[oscarra]

I want to talk to a good lawyer who can help me, can someone help me?

…from what we see here IC Markets misconduct involves of course criminal offence, manipulating rigging whatever can be rigged is longtime standard for many reckless bucket shops……next we see them all the time on first page scam alert

....quite often FOS in fact financial mediators don’t really qualify ruling over such company’s criminal behaviors, it sure need’s one step higher…also must report to ASIC
https://www.asic.gov.au/about-asic/contact-us/how-to-complain/report-misconduct-to-asic/

suppose it may need some Australian Law Office ? Best is to check with the Italian Consulate, for sure they provide a listing of authentic Law Offices (no further scammers please)

if you wish, you may share fos reply, also your trading account history (dropBox

 

[4evermaat]

…from what we see here IC Markets misconduct involves of course criminal offence, manipulating rigging whatever can be rigged is longtime standard for many reckless bucket shops……next we see them all the time on first page scam alert

....quite often FOS in fact financial mediators don’t really qualify ruling over such company’s criminal behaviors, it sure need’s one step higher…also must report to ASIC
https://www.asic.gov.au/about-asic/contact-us/how-to-complain/report-misconduct-to-asic/

suppose it may need some Australian Law Office ? Best is to check with the Italian Consulate, for sure they provide a listing of authentic Law Offices (no further scammers please)

if you wish, you may share fos reply, also your trading account history (dropBox

Actually, the FOS (now the AFCA) is where you will get a chance to receive binding arbitration. ASIC you may report misconduct but they will not really lift a finger. In fact, they will tell you to use AFCA for those complaints....after 2-4 months of them making their formal reply.

Believe it or not, the regulator should be the last resort. Victims should first use ounce of prevention to avoid becoming a victim:

1. Transacting only with Prime of Prime brokers (or retail brokers you can verify send their flow to PoP).

2. Get a better understanding of market microstructure; again so you understand how your broker is arranging your trades.

3. keep good records of your trading activity, including:

a. screen recording your trading terminal with terminal logs, market watch, charts, etc clearly showing the behavior during the trading session. (advanced tip: Try to include have a separate broker side-by-side with a similar trading strategy that does not show the problem.)
b1. Install software like SnagIt and Bandicam to help with this. You should do this now (about 5-10 minutes to setup and familiarize yourself). This is the social media age and screen recording is very easy.
b2. For your mobile phone screen, you can use A-Z recorder.
As a last resort, you can use your mobile camera to record the screen. But this method is awkward and clumsy. Use screen recording software above.

c. screenshots of the above (if video is unavailable) For mobile phone, use the native screenshot utility and Screen Master longshot photo editing tools.
d. copies of relevant trading logs (account trading history), platform journal (transactions to/from broker server), etc. The trading platform should have this already, but some things like the account trading history you may have to generate a hard copy yourself.
​

4. keep good records of all communication with broker, including:

a. screenshots of withdraw and deposit requests, and any other major requests
b. archived email communication.
c. if communication/transaction is stored, online, grab a long screenshot (or several screenshots) of the all of communication.
d. install automatic call recording software on your phone. In the event of a unexpected phone call, you are not caught off guard. Tell the caller that they should email any legitimate request/offers and end the call.
​

If you are a victim of foul play, then you should take additional action:

5. Create a timeline of relevant events. Focus your efforts on assembling evidence that tells a clear, concise story of each wrongdoing. If you were doing #3-4 above, this makes your life much easier.

6. Contact the broker's support/compliance department. Notify them of the error(s) that you observed and tell them how you want them to resolve it. Wait 1-2 business days and follow-up to see what their resolution will be. They may ask for more time; you can negotiate the amount you think is fair. But still follow up at least every 2-3 days to see if progress has been made.

7. Create a scam alert thread/review in a forex forum, such as FPA. Attempt to get help/advice from others in the trading community. Invite/encourage the broker to discuss their actions publically.

8. Contact regulator ombudsman/mediator. You will formally present your case clearly and concisely to them.

9. Consider other legal remedies, such as filing police report or filing a civil lawsuit.​

This list is sorted ascending with the path of least resistance/most control for the trader/least stress to trader starting at #1. You may realize that you did #1-2 above, you will likely never even need to use whatever is gathered in #3-4, or implement #5-9. You would still do #3-4 anyway, because it doubles and helping your trading anyway (comparing brokers, improve your trading strategy, etc).

Thank you for your time. I will eventually make this into its own blog post.

 

[Gabdrakhmanov]

I had contacted with the HHG Legal Group (Australia) via Facebook and am waiting a response from them.

 

[4evermaat]

I had contacted with the HHG Legal Group (Australia) via Facebook and am waiting a response from them.

Ok. Let us know what they say in terms of what kind of charges can be brought, what evidence is needed, and how much it will cost (legal fees, court costs, etc).

@Gabdrakhmanov , if you have your own scam case against IC Markets, you need to open a separate scam alert thread and submit your own evidence there.

 

[oscarra]

Actually, the FOS (now the AFCA) is where you will get a chance to receive binding arbitration. ASIC you may report misconduct but they will not really lift a finger. In fact, they will tell you to use AFCA for those complaints....after 2-4 months of them making their formal reply.

ASIC taking no or little actions, hum….i am not so sure about that, maybe in the past……here you find numerous examples of ASIC legal actions…..leading as well to jail sentencing

https://asic.gov.au/about-asic/news-centre/find-a-media-release/?page=1

https://asic.gov.au/about-asic/news...rndale-capital-securities-and-stavro-d-amore/ etc etc.......

..........if people don’t complain, for sure nothing will happen