I am an Egyptian citizen who was recently a victim to an online fraud from an American Forex trade company.
Company Information:
Name: FalconsFx
URL: Falcons FX - new website
Location: 16192 Coastal Highway , Lewes, Delaware 19958 , County of Sussex.
I started trading with thw mentioned company and let me tell you, I was doing pretty good. When I first signed the contract, I was directly told that I can withdraw the money at anytime but bonuses can't be withdrawn except after 3 months from the start date of the contract. As I started making profit earlier than the 3 months, I requested to withdraw from it putting in mind that my balance will still cover the bonus they gave me, by then their true face started to surface...
They came up with some strange terms that wasn't mentioned in neither the contract nor verbally which they called "required lots", which they explained to me that I need to have to make a certain number of lots before withdrawing the bonus and that if I didn't reach the target required lots the bonus will be deducted from my account!
As you can see that totally doesn't make sense, how come I am forced to make profit or lose money?! When I was faced with this fact I informed them that I don't want the bonus and that they can keep it and that I wanted to withdraw my money. Here came another shock, suddenly they claimed that I was a pip trader (take profit less than 10 pips) and scalper (close transaction less than 10 minutes)?! I didn't understand what they meant at start, Though it isn't my first time doing online business but it was my first forex trials, I was new to the market and had to google what they meant by these words, I couldn't understand how this was related to my case or why isn't it mentioned in the contract?!
It was obvious to me by then that I am being played! My equity was by then $28,708 Though that was more than double what I originally invested but I had a strong feeling that I won't see my money again and I was a victim of a well organized online fraud, so I asked them to keep all the profit and just return my original amount of money which is $11,965 and to keep the profit to themselves hoping for this to put an end to it.
But suddenly they took all my profit and informed me that i have to make 298 lots in three month in order to be able to withdraw my original money! of-course i didn't, they never kept a word to start with and there was no guarantee that they will keep this one!
Company Information:
Name: FalconsFx
URL: Falcons FX - new website
Location: 16192 Coastal Highway , Lewes, Delaware 19958 , County of Sussex.
I started trading with thw mentioned company and let me tell you, I was doing pretty good. When I first signed the contract, I was directly told that I can withdraw the money at anytime but bonuses can't be withdrawn except after 3 months from the start date of the contract. As I started making profit earlier than the 3 months, I requested to withdraw from it putting in mind that my balance will still cover the bonus they gave me, by then their true face started to surface...
They came up with some strange terms that wasn't mentioned in neither the contract nor verbally which they called "required lots", which they explained to me that I need to have to make a certain number of lots before withdrawing the bonus and that if I didn't reach the target required lots the bonus will be deducted from my account!
As you can see that totally doesn't make sense, how come I am forced to make profit or lose money?! When I was faced with this fact I informed them that I don't want the bonus and that they can keep it and that I wanted to withdraw my money. Here came another shock, suddenly they claimed that I was a pip trader (take profit less than 10 pips) and scalper (close transaction less than 10 minutes)?! I didn't understand what they meant at start, Though it isn't my first time doing online business but it was my first forex trials, I was new to the market and had to google what they meant by these words, I couldn't understand how this was related to my case or why isn't it mentioned in the contract?!
It was obvious to me by then that I am being played! My equity was by then $28,708 Though that was more than double what I originally invested but I had a strong feeling that I won't see my money again and I was a victim of a well organized online fraud, so I asked them to keep all the profit and just return my original amount of money which is $11,965 and to keep the profit to themselves hoping for this to put an end to it.
But suddenly they took all my profit and informed me that i have to make 298 lots in three month in order to be able to withdraw my original money! of-course i didn't, they never kept a word to start with and there was no guarantee that they will keep this one!
