• Please try to select the correct prefix when making a new thread in this folder.

    Discuss is for general discussions of a financial company or issues related to companies.

    Info is for things like "Has anyone heard of Company X?" or "Is Company X legit or not?"

    Compare is for things like "Which of these 2 (or more) companies is best?"

    Searching is for things like "Help me pick a broker" or "What's the best VPS out there for trading?"

    Problem is for reporting an issue with a company. Please don't just scream "CompanyX is a scam!" It is much more useful to say "I can't withdraw my money from Company X" or "Company Y is not honoring their refund guarantee" in the subject line.
    Keep Problem discussions civil and lay out the facts of your case. Your goal should be to get your problem resolved or reported to the regulators, not to see how many insults you can put into the thread.

    More info coming soon.

Problem caesartrade.com scam

I am having an issue with a company
If I am not wrong it should be $1300, not $700...

No sir.Balance is 2800$ + 600$ credit bonus,total equity 3400$.so they would removed 800$ wrong deposit and 600$ credit bonus. The remaining balance for withdrawable 2000$.If account closing fee 50%,they need to send me 1000$(50% of 2000$).

They cancelled my profit amount 862$.ie made from after the wrong deposit
 
Why do you guys waste your time? You could be trading on our platform and making money, just like the client in question did. We are done explaining ourselves. Did the client trade and make money with us? YES! (He more than doubled his initial deposit) Did he get his withdrawals quickly? YES! (When we realized the miscalculation yesterday we immediately transferred funds to his account) Right now I invite all of the participants of this string to deposit $25 in a Caesar Trade account and we will give you a $75 Bonus!!! Trade, make money, withdraw! Right now the market is popping, hate to miss out on profits...
 
Why do you guys waste your time? You could be trading on our platform and making money, just like the client in question did. We are done explaining ourselves. Did the client trade and make money with us? YES! (He more than doubled his initial deposit) Did he get his withdrawals quickly? YES! (When we realized the miscalculation yesterday we immediately transferred funds to his account) Right now I invite all of the participants of this string to deposit $25 in a Caesar Trade account and we will give you a $75 Bonus!!! Trade, make money, withdraw! Right now the market is popping, hate to miss out on profits...

Is "If you make money, the exact amount you made isn't important, so don't whine about it!" the official position of CaesarTrade?

Does CaesarTrade believe that people trying to determine if calculations of money owed to a trader are correct or not to be a waste of time?

Why does this sound more like "Shut up about the money owed to a fellow trader and CaesarTrade will bribe you with $75" to me?

Under the circumstances, I strongly recommend that no one open an account with CaesarTrade.
 
Is "If you make money, the exact amount you made isn't important, so don't whine about it!" the official position of CaesarTrade?

Does CaesarTrade believe that people trying to determine if calculations of money owed to a trader are correct or not to be a waste of time?

Why does this sound more like "Shut up about the money owed to a fellow trader and CaesarTrade will bribe you with $75" to me?

Under the circumstances, I strongly recommend that no one open an account with CaesarTrade.

Please tell me.what will be my next step? Shall I go to file a case?
 
Is "If you make money, the exact amount you made isn't important, so don't whine about it!" the official position of CaesarTrade?

Does CaesarTrade believe that people trying to determine if calculations of money owed to a trader are correct or not to be a waste of time?

Why does this sound more like "Shut up about the money owed to a fellow trader and CaesarTrade will bribe you with $75" to me?

Under the circumstances, I strongly recommend that no one open an account with CaesarTrade.

For me, it's the holidays. But holidays where you reflect on the past year and see how to improve upon it. When I took two days from work, the first in a year, I hearkened to the famous saying

"No Good Ever Came out of a Quarrel"

And that is how I approach responding to issues and concerns addressed on FPA. I was concerned at first in even responding at all on this forum as I don't want to be caught in the middle of a pack of wolves, but the moderator of FPA has been kind enough to share with me pointers on how to respond and behave in these forums. Additionally, many of my clients offered me support and encouragement on how we handled the situation that arose here.

And today, as well. Instead of quickly being upset with our conduct, FPA notified us by email to quickly respond to issues brought up by Pharoah, Since the comments made by Jeremy, my top salesman, were not at the level acceptable of my company nor FPA. If you see us drop the ball, realize by the next day we have corrected our error. As each mistake we make bothers us, and make every effort to correct.

The standards of my company are to treat each trader equally. But it works both ways, we expect a certain level of standard of conduct by our traders as well.

I have a deep concern for my clients as they are the ones that keep the light bulbs on at my company.

In response to Pharoah's suggestions:
1) We did not mean that it was a waste of time but the time committed to arguing over points that I am not in a position to compromise on. We were not even aware that the math was not correct since the client in question just demanded all of his money until it was brought to light. Again, FPA mentioned that we should try to make another attempt to contact the client but, again, he was not willing to compromise and sent us emails and skype chat through "pseudo" names. This trader just does not appear to want to work with us as was noted immediately when he wanted to withdraw initially.

2) "Bribe you with $75" - The time to have bribed was when the error was committed and to issue both profits and a full refund to the trader which I considered at the time. But I am not in the business of bribing.

I realized at the time that we closed the trader's account that he could run to FPA at anytime to issue his complaint, as is his right. I also thought about the movie Casino where Robert De Niro lets go of an employee for not being up to the standard set by De Niro even though it risked him facing the ire of the Nevada Gaming Commission. It happens, and De Niro realized that he can only control his actions, not existential threats.. And we are not going to bat 100%, far from it, we are going to make mistakes - a lot of them - as we are growing. But we always strive for perfection in a manner where we do try to relate to each trader.

3) "Under the circumstance" That is Pharoah's right to feel that way and wish him well but he is missing an opportunity as has the person that presented the complaint against my company. We are the only broker that offers unique incentives and customized accounts that can vastly enhance the trader's performance. Again, if Pharoah has concerns as I posted before or the client, if he truly wanted to have a dialogue, can contact me directly as has been my policy since I started the company.

I will leave you with a quote from a man who invented the department store, Marshall Field, and is the motto of my company:

Those who enter, support me.
Those who come to flatter, please me.
Those who complain, teach me how I may please others so that more will come.
Only those hurt me who are displeased but do not complain.
They refuse me permission to correct my errors and thus improve my services.​

Regards,
Eric
You are always welcome to contact me here: forms.aweber.com/form/89/177508589.htm
 
I still don't understand why you are charging 50% closing fee. I couldn't care less about your terms and conditions as this action is illegal and the law as you know is above any contract
 
Your company already admitted to one calculation error. If your client had not complained here, I do not think that would have been detected. Now, 2 senior FPA members and your client have asked about the new calculations.

On behalf of the FPA, I am formally requesting that CaesarTrade examine the statement posted by your client. Please show how a balance in the neighborhood of $2800 resulted in the amount of money that was sent.
 
Bravo Eric, u made a pretty good speech but still it didnt answer any of the questions which was raised by the trader nor our senior FPA members.

Could you please buy some time and clarify.
 
Hi,

Here is the math concerning the trader below:

He made from the time of his deposit on 15/8 to the time the Deposit and Credit was erroneously placed: $959.06

$959.06 in profits from a $200 deposit.
That is $1159.06 entitled to him

50% of that is 579.50

We sent $75 refund to his Moneybookers account.
and $314.28 to Perfect Money

A sum total of $389.28.

I am not sure why the total amount was not sent but we sent the remaining 192.96 on September 9th.
--------
From the time of the erroneous Deposit and Credit on 16/8
The client made $862.78

$862.78
and $959.06 is $1821.84.

If he withdrew at the time, there would be a 40% deduction as there was not enough trading volume
and would be entitled to $1093.10
-------

By requesting $2500 withdrawal the client realized the error done and attempted to what we refer to as "abusing" our system by wanting to withdraw both profit and deposit, leaving just the money we placed in his account by accident.

It is not in any way, shape or form, to avoid paying out client profits. I felt our action was correct in maintaining the credibility of our offer and being fair to all of our traders.

If FPA and some of the moderators feel otherwise, then contact me so I can consider things from a different perspective. I am human and find it hard to compromise when I see a Spam picture and Alerts stating things that I don't believe reflect my company nor this situation. I do realize that the way Jeremy spoke was not appropriate and did not follow the procedures in the terms and conditions set out in FPA, but he puts in 110% into his job and was not able to be objective as is desired in this forum.

Thank you for your time,
Eric
 
Back
Top