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Australians - use the Financial Ombudsman Service to hold your bank accountable

Discussion in 'Forex Articles' started by Aussie Scammed, Mar 4, 2017.

  1. Burnt

    Burnt Private, 1st Class

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    Hey Tolly, by any chance your case was a a lady? I just re-read your points on the Ombudsman reply and it is almost exactly what my case manger had said to me.
     
  2. omarfx94

    omarfx94 Recruit

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    I totally agree with that
     
  3. bigdolly

    bigdolly Sergeant Major

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    Ombudsman is probably helpless when it comes to forex trading. Broker agreements are always tricky and leave almost no chance to get your money back
     
  4. oscarra

    oscarra 2nd Lieutenant

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    Ah, I seen quite some people getting their funds back thanks to Financial Ombudsman services, and if you read the below decision you will notice Broker’s agreements T/C must be fair .

    https://www.forexpeacearmy.com/comm...-thinktwice-before-you-trade-with-them.53572/

    some further good news

    https://financefeeds.com/time-recourse-retail-customers-comes-uk-via-high-street-bank/
     
  5. scott11

    scott11 Recruit

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    Although I am not from Australia, I find this article and info provided very interesting. It shows me that basic idea behind crypto market as first really free and deregulated market probably would not be feasible to sustain, due to all scammers around it. What is your opinion on that?
     
  6. oscarra

    oscarra 2nd Lieutenant

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    https://en.wikipedia.org/wiki/Virtual_currency_law_in_the_United_States

    it don’t look as it would be so free & unregulated, just don’t trust all the fake misleading advertising garbage

    …also in above case it involves trading of regulated cfd’s part of derivatives market at least legal on the eu side, no one buys or sells anything, simply speculating on whatever underlying asset price move, better stick to hard currency’s :cool:
     
  7. oscarra

    oscarra 2nd Lieutenant

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    IrwanI likes this.
  8. SanioTire

    SanioTire Recruit

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    Thanks Oscarra for sharing your opinion on this forum. I also think that there is no possibility that crypto market would be left unregulated by government of many countries. And, I think that it would be mostly due to possibility of tax evasion through investments in crypto
     
  9. oscarra

    oscarra 2nd Lieutenant

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    No tax evasion in the above article

    “The money, police told him, travelled through the account of 'a small bank in Birmingham' before being sold on as cryptocurrency, passing through 15 further accounts and ending up in Ukraine.”

    Evidently the money travelled without any ownership :rolleyes:

    https://www.thisismoney.co.uk/money...g-paves-way-bank-scam-victims-money-back.html

    “ However, the rules are not crystal clear and it is likely there will be many grey areas. So if you are unsure it is always worth referring your complaint to the Ombudsman. It is a free service so you have nothing to lose.”

    One may wonder why Rules are never clear when it comes to consumer protection
     

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