Pharaoh, Please, give me a break here.
1st, The man just confessed being warned, then continuing to use the same arbitrage software. Shall I beg him to stop abusing the system?
2nd, There is the "intention" behind it all. The man came-in to cheat, and he had no fear confessing that a friend told him in worst cases his initial deposit will be refunded, so it's a win-win game for such cheaters.
So the answer is no, there will be no refunds of any invested capital. Maybe it would make more sense paying his "friend-adviser" a visit and asking him for a refund, as the usual trick did not pass this time.
" I come in, I cheat as I wish, if i win that's great - if they catch me cheating, i lose nothing as i get a refund"..
warning cheaters: this is no longer the way it goes. If you're caught cheating, expect nothing but the worst.
I keep wondering for the third year over these forums, why is it only traders from the same country or two always making the same sort of problems? Are they raised to be cheaters? Did anybody really told them they are super-smart? Show me the one who did that, and I'll be happy to explain the opposite.
Here's a statistical snapshot:
Approximately 27% of our traders are EU-based. And within 3 years of operation, we have had 6 different cases, of which 5 were solved in a day or two, and one '
ongoing case' which is to be solved in a matter of days.
While 3.76 of each 10 accounts opened from Iran/Indonesia/Malaysia end-up making a complain or banned for some reason.
I was reading a complaint 2 days ago against Liteforex, which appeared to be so genuine about deleting positions and etc.. For the first 5 minutes, Liteforex was a criminal in my eyes. But as their representative 'Shuvalov' replied a few posts later, I just understood him 101%.
Surprisingly, his words were golden. And Guess what, he mentioned just the same countries with all gimmicks and cheating-games played all over.
Want more?
Open FXOpen's page and check the complaints.. 99% are from the same countries.. and Jaffar being the one who answers each complaint just shows how tired they are from following each one there, that he came to answer himself. Sorry for your time Mr. Jaffar, that variety of traders will never learn.
To put a conclusion to this second point we're discussing:
Let's assume everything this trader says is correct, and lets assume in addition that we did scam him and we did steal his money. Let's assume also that everything points against us, in his favor. Doesn't that give him a great reason to consult a lawyer? He has a winning case for god's sake? Why come and cry here?
And of course 3rd:
After the low-level of respect this 'man' has shown, I do not really think it is worth counting on any help or understanding from our side.
At the end, and to make sure I will make him boil from the inside, I have ordered a refund of $0.47 to the man as a refund. This was, I am just making sure that FigFX itself complies with its own terms of service (Paragraph 4.6) stating that states:
4.6. If a trading account is disabled from trading for any reason; All open/floating positions on Customer's account will be closed automatically by FIG Solutions at 17:00 CET or at market Close Friday (whichever comes first). FIG Solutions Limited reserves the right (but not the obligation), in its sole discretion, to issue a partial/full refund of any remaining balance on the banned account.[/U]
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Now AthenaFX:
With the tone you used, you just proved to be coming from "the same sack" as Faisal. And to show respect to the forums and the readers of it, I will pass on making any comments as you apparently doe not deserve neither my time, nor attention.
One thing for sure, our liquidity provider is not that sort of providers you are used to, as that you have registered in Switzerland in a Supermarket.
Leave the forex business my friend, it is a man's world out here.
