ssk90
Recruit
- Messages
- 8
Greetings traders of Forexpeacearmy. Allow me to share with you my experience of being robbed of 5646.10 USD by Admiral Market. I sincerely hope that FPA and the members of the community can assist or provide advice regarding this.
On June 27th of this year, I opened my Live account with Admirals under the jurisdiction of FSA, which is regulated in Seychelles. I deposited a total of 7000 USD into this platform at the end of last month and through trading natural gas, I made a profit of 11292.10 USD. I then began attempting to withdraw my profits, but interestingly, no matter how many times I tried, all withdrawal requests were denied for the sole reason of a "technical issue".
After contacting them numerous times, they gave no response until I received a "Termination Notice", which stated that Admirals would terminate my account and would only allow me to withdraw 12646.05 USD. This means that they have illegitimately taken hold of about 5600 USD of my funds. They did provide a supposed clause as their basis, but sadly, I believe it does not constitute any justification. The clause is as follows:
5.10 Admiral may set off any money owed to you under the Account Terms against any money owed by you in respect of a Transaction. If such a set-off is made, references in the Account Terms to Realised Profit and Realised Loss will be read as including the net amount of Realised Profit or Realised Loss (as the case may be) remaining after the set-off.
I find it very interesting that this so-called termination notice is named "Admirals SC Ltd_Termination letter certain amount to be withdrawn (1).pdf". The "(1)" here suggests that they are bad at copy paste and seem to be stealing people's property in a wholesale manner, and this has been proven. I've seen on forums where others have had the exact same experience as mine. This is unforgivable!
I've already withdrawn 12646 USD, but there's still 5646.10 USD remaining in my account. I requested a withdrawal last week and was rejected again today due to the same ludicrous reason of a "technical issue".
I will be uploading these documents in the thread. FPA, please assist me. I will be reporting this appalling misappropriation to the FSA regulatory body soon. But beyond that, I hope to receive more assistance and advice from you all.
On June 27th of this year, I opened my Live account with Admirals under the jurisdiction of FSA, which is regulated in Seychelles. I deposited a total of 7000 USD into this platform at the end of last month and through trading natural gas, I made a profit of 11292.10 USD. I then began attempting to withdraw my profits, but interestingly, no matter how many times I tried, all withdrawal requests were denied for the sole reason of a "technical issue".
After contacting them numerous times, they gave no response until I received a "Termination Notice", which stated that Admirals would terminate my account and would only allow me to withdraw 12646.05 USD. This means that they have illegitimately taken hold of about 5600 USD of my funds. They did provide a supposed clause as their basis, but sadly, I believe it does not constitute any justification. The clause is as follows:
5.10 Admiral may set off any money owed to you under the Account Terms against any money owed by you in respect of a Transaction. If such a set-off is made, references in the Account Terms to Realised Profit and Realised Loss will be read as including the net amount of Realised Profit or Realised Loss (as the case may be) remaining after the set-off.
I find it very interesting that this so-called termination notice is named "Admirals SC Ltd_Termination letter certain amount to be withdrawn (1).pdf". The "(1)" here suggests that they are bad at copy paste and seem to be stealing people's property in a wholesale manner, and this has been proven. I've seen on forums where others have had the exact same experience as mine. This is unforgivable!
I've already withdrawn 12646 USD, but there's still 5646.10 USD remaining in my account. I requested a withdrawal last week and was rejected again today due to the same ludicrous reason of a "technical issue".
I will be uploading these documents in the thread. FPA, please assist me. I will be reporting this appalling misappropriation to the FSA regulatory body soon. But beyond that, I hope to receive more assistance and advice from you all.
