Recent content by ozberk

I had a ridiculous idea that HRH Prince's ownership sounded as trustworthy as a regulator:)) I took my expensive lesson :)

1) The screen shot was taken after their platform rejected my attempted trades in USDTRY. Since I was using a robot I can not take a screen shot during automated trades. That was an evidence that they were using 1:66 i/o 1:200. I used a small amount to prove that the leverage is not as promised...

I found out that Craig Karlis who runs SICFX with Ahmed Al Assad, was charged by SEC because of FRAUD. Here is the link: SEC Charges Massachusetts-Based Forex Traders and Their Firm With Fraud; Release No. 2010-205; October 28, 2010 "The bait was the promise by Akyil and Karlis to limit...

Original FPA Traders Court Submission: I am submitting the case against: www.sicfx.com My Case is: I have been contacted with a forex broker called Spread International based in UAE. I agreed with them on the conditions of: 1) the leverage for all the pairs would be 1:200 2) I could use...

Here is the answer from DFSA, Dubai Financial Services Authority, regarding my complaint: Dear Mr.Cem, RE: Complaint against SICfx Spread International I refer to your complaintwith the DFSA on 15 th January 2013. The Dubai Financial Services Authority (DFSA) is the independent regulator of...

Here is another email from DGCX: Dear Sir, In specific answer to your questions • I can confirm that SICFX has no relationship with DGCX. • I cannot confirm (i.e. I do not know) if SICFX is owned by HRH Prince Abdullah Bin Bander Bin Abdelaziz Al-Saud. • To...

SICFX has NO license and is NOT regulated SCAM SCAM SCAM Hi I received an email from DMCC confirming that they are not regulating SICFX. Here is the email: Dear Cem, We have no relationship with a company called SICFX. It is not regulated or licensed by us. Please feel free to...

Thank you very much for the information Yoplu. I appreciate it very much. I contacted DMCC about my complaints. The people I contacted were: DMCC Compliance department :Perlito.Sevillejo@dmcc.ae , Yousuf.AlKhuroosi@dmcc.ae , Hassan.Nasser@dmcc.ae. But I am afraid I have been ignored by them...

Hi Pharaoh, They eventually sent my balance after I told their partner about this issue. But they are still quite about my losses. Royal Highness Prince Abdullah Bin Bander Bin Abdelaziz Al-Saud of Saudi Arabia who is the owner of Spread International (SICFX) forex broker has not replied my...

They say that since they are owned by His Royal Highness Prince Abdullah Bin Bander Bin Abdelaziz Al-Saud of Saudi Arabia, the clients do not need regulation. Obviously they need regulation because when there is a problem, we can not contact the His Royal Highness Prince Abdullah Bin Bander...

Thank you . I will do that. I will let you know the answer.

Hi Again, This morning I received a an email from SICFX. They frozen my account because of my complaint and rejected to send my balance back to me. They sent the below letter to all the officials in my country Turkey. --------------------------------------------------------------------- Prime...

Now I am sure that they are scammers. I just received the below email from them. They accuse me to be illegal money launderer. See their email to the officials. So they froze my account for 30 days meaning they dont send my balance back. Bunch of thieves: " Prime Ministry...

Apparently this broker is regulated by DMCC and Prince and Al-Bilad company ARE the partners on this broker. First I want to wait for Prince to reply to my email, then I will contact Saudi Embassy to make a query. By the way I am based in Turkey. The broker is in Dubai. On their website they say...

Spread International (SICFX) in UAE Thank you for your post. I am not sure if it helps even if the broker is owned by Royal Family. I even got the personal email address of the Prince himself. But the management is arrogantly challenging that I could make every action I like. I applied...