Bluetrading post

flrzjoe

Recruit
Messages
1
Many people have been scamed today by Bluetrading.Millions of dollars Lost.
They tell us that they are going to do the same under another name again....in a few months!!
We have to react quickly and fight them all together!!
 

FxMaster

Lt. Colonel
Messages
9,556
Many people have been scamed today by Bluetrading.Millions of dollars Lost.
They tell us that they are going to do the same under another name again....in a few months!!
We have to react quickly and fight them all together!!
More details will be helpful, like what happened with you?
 

FmrBrokerExecutive

Master Sergeant
Messages
260
I wouldn't call it a "scam".

Do you really think any FX trading system doing 10%+ will last? 100% GUARANTEED to crash by "software malfunction" or anything.

If it was possible to do more than a few years then banks would trade with these systems. Ever wonder why it's always offshore funds? Time and time again yet people invest and never learn :(
 

Coach Callum

Recruit
Messages
4
If it's not a scam, could you please define what is FmrBroker Executive?
I believe it is a scam and the cheek they have to blatantly tell us that they will continue under a new name... that's what made me want to write in here. They need to be stopped even if they can't be held accountable.
To implement a new system on Thursday and then it all fails Friday, well 2/3 of the account gone Friday. Won't let me withdraw because they are investigating, my belief is something went wrong with the software and then they got the lawyers in to see the best way forward and then they stole the remainder of the account blaming well nothing really. Just sort of wrote it off as administration.
Here is the email I received...

Blue Trading has suspended trading.

We are very disappointed to announce today that Blue Trading is terminating all trading operations for now.

Any deposits received from 24 February 2019 forward will be rejected/refunded and remaining balances must be withdrawn by 15 March 2019. Please do not deposit funds to Onyx Capital!

On 21 February, our administrative team discovered an enormous trading loss on some trading accounts. This was due to major trading software malfunction. We have spent the last days auditing accounts with Onyx Capital and they are unable to “reverse” any of these transactions caused by the lot allocation error. The client viewer platform software we rent (MIRROR WebTrader) has also been updated now to reflect final balances. It would obviously be impossible to recover funds trading from while still paying our 3rd party traders and maintaining our monthly financial obligations to keep operating.

However, we WILL be transitioning to a NEW Exchange under a different brand where clients can deposit and have trading in the next months. You MUST withdraw funds now however as they cannot be transferred. Please log-in to your account to check updated status as the values are now showing updated balances.

Onyx Capital has advised us that any remaining client balances are available for withdrawal until 15 March 2019. After that date, Blue Trading’s segregated trading accounts will be closed indefinitely.
We sincerely apologize for this very disappointing event and wish we could continue operating but it is not possible at this time. To follow our traders available on other platforms, please visit the individual trading system link to participate in these programs available independently from Blue Trading as well.

At the close of trading Friday my account showed 2,871.35 how can that change over the weekend?
So yes I do believe it is a scam. Even if the original failure is software related, how did they lose the rest?
The balance they say I can withdraw is currently -510.41
So that's very kind of them.

I don't expect my money back, but is there something that can be done to prevent them re-opening?
 

jm_zom

Recruit
Messages
1
Many people have been scamed today by Bluetrading.Millions of dollars Lost.
They tell us that they are going to do the same under another name again....in a few months!!
We have to react quickly and fight them all together!!
I loose massive money with bluetrading , how can we proceed to get back our money ??
 

suzyh

Recruit
Messages
1
Many people have been scamed today by Bluetrading.Millions of dollars Lost.
They tell us that they are going to do the same under another name again....in a few months!!
We have to react quickly and fight them all together!!
How can we get our money back?
 

FxMaster

Lt. Colonel
Messages
9,556
Everyone, I suggest you to open a new thread in scam folder along with the full details of your problem with them.
 

Adlye

Recruit
Messages
8
Hi I am Adlye, I have invested in blue trading since 7th Aug 2018, account number 578258905 starting from Euro 12.5k and slowly increased my capital to Euro 62k, every month the profit from blue trading was 10% and above consistently with very good risk management trade lot. Then on 2nd Oct 2018, I open another account for my wife account number 578259691 with Euro 41,727.77 capital. Have withdraw Euro 23k and Euro 3.5k respectively in Dec 2018 and did received the money in bank.

However, on 22nd Feb 2019, the system suddenly shows negative balance and was being told that due to they use new trading system and resulted in margin call. On the 22nd Feb 2019 that day alone the trading lot size were over the normal risk management lot size (11 lot to 19 lot size compare to normal 3 lot) and resulted total wipe off the capital and profit earned in past few months with losses for all trades entered in that day.

I am not sure if this is a scam PAMM trading system or is it a genuine trading system error. I would think Bluetrading should be responsible for putting up a trading system that they did not tested well and this is their Negligent for allowing their trading system to trade such a large lot size. If they ensure that the system traded within the risk % lot size, there will not be any margin call and total wipe off.

I have uploaded the trading records for both accounts for reference.

Would appreciate if FPA can assist to get back the capital invested.
 

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FxMaster

Lt. Colonel
Messages
9,556
Hi I am Adlye, I have invested in blue trading since 7th Aug 2018, account number 578258905 starting from Euro 12.5k and slowly increased my capital to Euro 62k, every month the profit from blue trading was 10% and above consistently with very good risk management trade lot. Then on 2nd Oct 2018, I open another account for my wife account number 578259691 with Euro 41,727.77 capital. Have withdraw Euro 23k and Euro 3.5k respectively in Dec 2018 and did received the money in bank.

However, on 22nd Feb 2019, the system suddenly shows negative balance and was being told that due to they use new trading system and resulted in margin call. On the 22nd Feb 2019 that day alone the trading lot size were over the normal risk management lot size (11 lot to 19 lot size compare to normal 3 lot) and resulted total wipe off the capital and profit earned in past few months with losses for all trades entered in that day.

I am not sure if this is a scam PAMM trading system or is it a genuine trading system error. I would think Bluetrading should be responsible for putting up a trading system that they did not tested well and this is their Negligent for allowing their trading system to trade such a large lot size. If they ensure that the system traded within the risk % lot size, there will not be any margin call and total wipe off.

I have uploaded the trading records for both accounts for reference.

Would appreciate if FPA can assist to get back the capital invested.
Open a new thread in scam folder along with the details you shared here.
 
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