FPA Forums and Reviews Admin
Capital One Forex and Samir Beool
Why Don't You Pay Your Clients?
Why Don't You Pay Your Clients?
The list of problems with CapitalOneForex is long. The primary problem is failing to pay traders all money owed in a timely fashion, if at all. If this was the only issue, the FPA Scam Finding would have been published as soon as the latest round of Traders Court Guilty verdicts. Instead, unethical actions from the owner date back to before the founding of Capital One Forex and continue to happen.
Reviews lave been left from Samir Beool's offices praising himself and companies he's associated with. Other reviews from the same location have attacked competitors. Later, his own wife left a review for Capital One Forex as if she were just another client.
This isn't the end of the unethical issues associated with Capital One Forex. Jason Beool posted private information about several clients inside the FPA forums. One client on the list had a dispute with CapitalOneForex.com. The rest of them weren't involved.
In October-December of 2013, there were a very large number of obviously fake and very suspicious reviews submitted. These match patterns previously seen when companies try to hire freelancers to submit fake reviews.
Most recently, there have been several reviewers who reported getting partial payments, followed by demands to leave a 5 star review stating that all issues were resolved. These traders were told that if they didn't submit the review, they wouldn't get paid. Out of 3 cases where I was in contact with the traders, one was finally paid in full, one got no more money, and one got the rest of his initial deposit, but lost his profits. I consider demanding a review falsely saying that an issue is resolved as a condition for payment to be nothing but blackmail.
CapitalOneForex.com currently shows a fake version of the FPA ratings widget on the bottom of its homepage. The real widget would show the current rating and would link to the FPA review page. Capital One Forex stole a 5 star image from another company's review page and has it link to an anti-FPA hate page inside its own website. That page is full of reused libel taken from a similar page on the scam-rated broker InstaForex.
If Samir Beool and his employees at CapitalOneForex.com spent half as much time worrying about taking care of clients as they do about the impact of the FPA's ratings and reviews, an FPA Scam Finding would not have happened. Instead, Capital One Forex is keeping money that belongs to clients, blackmailing clients, and trying to spread libel to hide the truth.
Capital One Forex was regulated in New Zealand. Then the NZ FSCL threw them out. No lies Samir Beool tells about the FPA can cover up that fact.
CapitalOneForex.com needs to settle all issues with the 6 traders who got FPA Traders Court Guilty Verdicts and anyone else who is having trouble getting withdrawals processed.. The company also needs to make some big adjustments to their business model to ensure traders always have access to their money. All employees of Capital One Forex, including the Samir Beool and his family, need to be trained in basic ethics. They need to be able to understand why pretending to be clients in reviews to promote themselves and attack others is wrong They need to understand that keeping money legitimately owed to traders is stealing. Samir Beool himself needs to learn that having lies posted on his website won't change the fact that real clients are having real problems making withdrawals. Until all of this is done, the FPA has no choice but to declare Capital One Forex to be a Scam and Samir Beool to be a Scammer.
The FPA recommends against depositing any funds with Capital One Forex. If you have an account with CapitalOneForex, the FPA recommends you try to withdraw you funds as quickly as possible. If you have a problem getting your money out, please leave a review, start a thread here in the Scam Alerts folder for advice, and report your issue to regulators and the police.
FPA Scam Finding Against CapitalOneForex.com and Samir Beool
Fiogol's original complaint against CapitalOneForex
Fiogol's Traders Court case against Capital One Forex
Banca's original complaint against CapitalOneForex
Banca's Traders Court case against Capital One Forex
MontyWilden's original complaint against CapitalOneForex
MontyWilden's Traders Court case against Capital One Forex
Adriana55515's original complaint against CapitalOneForex
Adriana55515's Traders Court case against Capital One Forex
Mtuoliv's original complaint against CapitalOneForex
Mtuoliv's Traders Court case against Capital One Forex
Forexmann's original complaint against CapitalOneForex
Forexmann's Traders Court case against Capital One Forex
FPA Review Page for CapitalOneForex.com