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

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Problem citrades.com is scam

I am having an issue with a company
I think so too. I have the speculation that this T&C is designed to make them play around with traders' own money...

It is expected of some BO brokers. Although they already get a percentage from winning traders, some platforms aren't just too willing to release their clients' funds one-time because they are not well-capitalized. It is always good to ascertain which brokers are liquid and easy with withdrawal requests when choosing a BO trading platform.
 
Forex-Dean, I find some conditions in this withdrawal procedure weird and unacceptable. I hope it's not similar with the withdrawal procedures of other platforms.

You're absolutely right. One point I wanted to drive at when I posted the T&C is for traders to be extra cautious when choosing a trading platform. Before you register, you should take time to read and understand its terms and conditions. It can put you on a tight spot.
 
when my deposit from my new credit card didn't go through, i was told it was because citrades is an international company and there may be a security hold on my card due to that. i've messaged my credit card company to find out if this is the case.

If there is a hold, maybe this is your lucky day Call your credit card issuing bank and you may be able to prevent the transaction from going through.
 
cititrader is registered out of NewZealand or rather their "parent" company is. Their name is;BREVSPANDNZ LIMITED 4253198 NZBN:9429030365445 EIK-201124939 Jason Scharf and Elijah Samson are their companys directors and both have adressesin the USA
 
jason scharf and his associates are complete scammers along with his stinking brand citrades. they cut my balance completely and stole all my money! i managed to find jason the scammer's personal skype account - it's jbscharf - contact him directly to get your money back. i know that he scammed dozens more traders, it's all money stolen!
 
Please open your own thread here in Scam Alerts. Also, invite anyone else you know who has the same problem to open their own threads too.
 
I think so too. I have the speculation that this T&C is designed to make them play around with traders' own money...

Yes, I've seen some BO trading platforms that have very enticing payouts with self-serving Terms and Conditions. Traders should be on the lookout for these. What are profits for when withdrawing them is like moving a mountain in the first place?
 
It is expected of some BO brokers. Although they already get a percentage from winning traders, some platforms aren't just too willing to release their clients' funds one-time because they are not well-capitalized. It is always good to ascertain which brokers are liquid and easy with withdrawal requests when choosing a BO trading platform.

I see Chan Ming. But I have seen some binary trading platforms that display a certificate of audit issued by independent auditing bodies such as IBFA. Will this be convincing enough to prove that the brokers are liquid or well-funded? Please share your thoughts on this (attn. Pharaoh & Roaming). Thanks.
 
"I don't deal with the details of ad contracts. I do make sure that my review moderators never do any special favors for advertisers. No review has ever been taken down or rejected because of money. As long as I am here, no review ever will be taken down or rejected because of money."

"I have veto power over which companies are allowed to have ad contracts. I've seen the reviews, my correspondence with the owner of CitiTrades, and the multiple instances of unethical behavior in the FPA's forums by those associated with CitiTrader. Based on all of this, I can promise you that there is no amount of money that will be enough for CitiTrader or Citrades to ever have an ad contract with the FPA."

You just hit the nail on the head with that sir! You make me respect this site even more. It's always good to work with principles, makes our integrity intact and beyond question. Thanks.
 
I see Chan Ming. But I have seen some binary trading platforms that display a certificate of audit issued by independent auditing bodies such as IBFA. Will this be convincing enough to prove that the brokers are liquid or well-funded? Please share your thoughts on this (attn. Pharaoh & Roaming). Thanks.

I think some of them are authentic. But it's always good to find out by inquiring from experienced traders of through portals like the FPA. They can surely shed us some light on the integrity or reputation of some trading platforms. Traders who have bad experiences with brokers often go to bold sites that expose scammers rather than file their complaint to regulating agencies.
 
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