• Please try to select the correct prefix when making a new thread in this folder.

    Discuss is for general discussions of a financial company or issues related to companies.

    Info is for things like "Has anyone heard of Company X?" or "Is Company X legit or not?"

    Compare is for things like "Which of these 2 (or more) companies is best?"

    Searching is for things like "Help me pick a broker" or "What's the best VPS out there for trading?"

    Problem is for reporting an issue with a company. Please don't just scream "CompanyX is a scam!" It is much more useful to say "I can't withdraw my money from Company X" or "Company Y is not honoring their refund guarantee" in the subject line.
    Keep Problem discussions civil and lay out the facts of your case. Your goal should be to get your problem resolved or reported to the regulators, not to see how many insults you can put into the thread.

    More info coming soon.

Problem I AM SCAMMED BY FXPRIMUS, THEY ARE THREATENING ME

I am having an issue with a company
What a bunch of clowns. They consider the case closed because they already stole your money. Funny that they mention Covid!
 
So I have one of these trading accounts as well and the broker wants me to send money to get money out. It's a total scam. My question is how do I transfer out my funds directly without going thru the scam broker? I have the funds locked in the account, managed to change passwords before they could draw down the account. If anyone knows a way, I would appreciate any information.
 
So I have one of these trading accounts as well and the broker wants me to send money to get money out. It's a total scam. My question is how do I transfer out my funds directly without going thru the scam broker? I have the funds locked in the account, managed to change passwords before they could draw down the account. If anyone knows a way, I would appreciate any information.
If you have the beneficiary bank, and that is assuming your funds are still in the initial account where they were wired to, you could file a fraud report with your bank and ask for assistance to withdraw.
 
I already contacted my bank, they are looking to pull back the funds. Not sure how effective that will be.
 
I will request Admins of FPA to declare primus as scam, else I will consider them bribing FPA too!

Did I read that correctly? This is the only forum post you've made about this company and you start out by demanding a scam label or you'll accuse the FPA of accepting bribes?

You did submit a review. It said...

"after reading out the feedback and case on FPA court, i am sure this company is not worth investing with, further I am quite sure the positive reviews are paid up.
Sad to know about guy who lost 12k, i withdraw my money and will never consider trading with them

https://www.forexpeacearmy.com/comm...fxprimus-they-are-threatening-me.66585/page-5
"

Your review was rejected because it was useless. Reviews are for people's experiences with a company. Reviews are not for their friend's experiences. Reviews are not for someone else's experiences the reviewer read about. If you had really read this thread, you would know the F in FPA is for forex. Cases for non-forex trading products can have reviews. Those cases can have Scam Alerts threads. What those cases cannot qualify for is a Traders Court vote. This case did not qualify.

If you have a real problem trading with this company, submit a real review. Then open your own Scam Alerts thread. Once opened, it is your responsibility to keep the thread active and provide answers to questions.

If you don't have a personal problem with the company, I believe you owe me and everyone else at the FPA an apology. I could have put the time it took to write this could have been used to help traders with real problems. If you don't, I'll have to assume some scam company out there hired you to waste FPA time and resources.

Libelous accusations like yours are why the FPA is actively considering limiting Scam labels to only the most extreme cases. Then the ratings can speak for themselves. This would allow the FPA to be more focused on assisting traders and spend less time arguing with people who think they can blackmail the FPA into action by spewing garbage like "Declare a company to be scam now or I will take this as evidence of the FPA accepting bribes by the company."
 
Dear Client,

We trust this email finds you well.

Further to your email to Primus Markets INTL Ltd (the ‘’Company’’) please note that we have performed a detailed review of your trading accounts and any previous communication you had with our Support Team and Dealing Department and we would like to inform you again the following.

As per our investigations your trading technique aimed to abuse the gap in the markets and the negative balance protection offered to clients. This is prohibited and according to clause 18.1 (see below) of the Company’s Terms and Conditions which can be found here, the Company has every right to recoup illegal profits and close your account.

“The Company does reserve the right, however, to close, suspend or recoup any closed profit and loss from an Account it deems is engaging in unethical or questionable trading styles including, but not limited to abuse of price gaps, latency arbitrage, the act of “flooding” of our servers with an excessive amount of pending orders, excessive logins, “picking” and “sniping” or the use of certain automated trading systems or Expert Advisors, without notice.”
so what you have said above is, if a client makes profit using any type of way to enter a trade and closes in profit FXPRIMUS can and will keep all profits as their trading against clients, you obviously let a withdrawal out then you couldn't manipulate this guys trades with your back end plug ins so you have then just taken money from his account. those trades where settled, so you have just gone into his account and taken money out after you couldn't get it back as he wasn't trading

In more detail and further to the table below, on the 06.03.2020 you opened two trading positions (Buy and Sell) of equal amounts at 19:52 of 1.1 lots on DJ. Opening two opposite positions at same time does not make any economic rationale due to the different spreads offered. It is our understanding that this was done on purpose and in order to mask your trading technique.
where in your terms and conditions does it say you cant hedge a trade? no masking, some people will place a long and a short as they cant control waiting, then they will add to the breakout side. if he lose money doing this FXPRIMUS wouldn't care nor refund him the money he lost.
View attachment 57676

The same day at 23:59.50 you sold another 0.9 lots of DJ and at 23:59.52 (just eight seconds from market closing) you closed the long 1.1 DJ opened at 19:52 which is a clear indication that you intentionally over exposed your account in one direction. In effect you opened 2 lots short in one direction 10 seconds before weekend in order to abuse the expected market gap that would happen on the weekend due to the corona virus pandemic.
the market was open its not over exposing if you change your mind in market direction, over exposing is margin call which once again FXPRIMUS would be happy to take from a client. once again your point is invalid didn't breach your terms and conditions, if he lost money by doing so you wouldn't protect him.
View attachment 57677

On Monday 09.03.2020 the market gapped (as expected) and opened at 25,244 and at the same time you started hedging your positions in order to lock the profits. The same day you started liquidating the illegal profits by making partial closings, in order to create multiple partial trades, and make it harder for the Company to discover your abusive strategy.
if it was a expected gap, your risk management team should of hedged positions in the live market to cover yourself so you weren't losing money against the client. this is your fault as a broker. if it was a expected move the guy has done well by guessing the direction of the market, isn't that why we trade?
Finally, please note that we consider the case closed.

Have a great day ahead.
FPA should be labelling them as a scam just by this response, not letting it go to traders court because its not FX is slack to say the least, their a broker on FPA providing a service, if that service is shot and they respond like a bunch of sooky children that lost money to a trader then dip back into his account as he isn't trading so they cant manipulate his trades to get that money back that's a scam, the trades were settled and they stole from him..
their should be a youtube video made of these responses from FXPRIMUS and posted all over social media so others don't get scammed, look up this linked in profile find out who owns this shady broker and name and shame them individually don't let them hide behind the company name
 
I already contacted my bank, they are looking to pull back the funds. Not sure how effective that will be.
your bank can perform a charge back, ive had them done 12 months later against company's as big as paypal when they refused to return money, just put pressure on your bank and it can be done.
if you looked on linked in you shold be able to find who owns or work for this company then contact them via social media, dont let them hide behind FXPRIMUS if you did a video of this and posted on youtube with all of your information about the case, they will be more inclined to refund it as they wont want their dodgy ways out
 
where in your terms and conditions does it say you cant hedge a trade? no masking, some people will place a long and a short as they cant control waiting, then they will add to the breakout side. if he lose money doing this FXPRIMUS wouldn't care nor refund him the money he lost.

the market was open its not over exposing if you change your mind in market direction, over exposing is margin call which once again FXPRIMUS would be happy to take from a client. once again your point is invalid didn't breach your terms and conditions, if he lost money by doing so you wouldn't protect him.

if it was a expected gap, your risk management team should of hedged positions in the live market to cover yourself so you weren't losing money against the client. this is your fault as a broker. if it was a expected move the guy has done well by guessing the direction of the market, isn't that why we trade?

FPA should be labelling them as a scam just by this response, not letting it go to traders court because its not FX is slack to say the least, their a broker on FPA providing a service, if that service is shot and they respond like a bunch of sooky children that lost money to a trader then dip back into his account as he isn't trading so they cant manipulate his trades to get that money back that's a scam, the trades were settled and they stole from him..
their should be a youtube video made of these responses from FXPRIMUS and posted all over social media so others don't get scammed, look up this linked in profile find out who owns this shady broker and name and shame them individually don't let them hide behind the company name
One of the best comment I have ever seen throughout, explained every single thing for general public, @najamiqbal i dont believe FPA is with them but yes I am disappointed as @Forexpeacearmy could have helped and I would surely have got my hard earned money back, secondly @najamiqbal isnt my friend so I will disagree here with the comment of Mod, anyhow my money is gone and I tried every forum to recover but no one helped me surely because company could have been paying out of the 12k they help, I am not saying regarding FPA but I am just disappointed that they dropped my case just because of the fact this is only forum for forex not for anything else offer by so called FOREX BROKERS, but here I would like to explain @Forexpeacearmy that I traded Indicies its against USD so somehow this comes under forex as everything is traded against some currency, although I know no action will be taken against the company as they are one of the biggest name and I am just an individual who cannot fight with these criminals, but I just hope one day someone take them to court as I cant afford else I would surely have had them in court for the threats they posted me and for the financial stuff they held, and once again I would request @AsstModerator @Forexpeacearmy @Administrator for action on the company as trade was based on indice/usd and its should be dealt as the relevant case as the service was offered by forex broker.
By proving my case to public and without any doubt the broker has scammed if all platforms fails, "although they already failed", although I already left this business as I never get the profit but losses always and if you earn the broker takes back everything infact threats you, I just hope some day @Forexpeacearmy takes an action and declare them scam that would surely help me get my money back.
 
Back
Top