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CURSE & BOYCOTT ThinkForex!! Saboteurs & LIARS & THIEVES

Discussion in 'Forex Insanity' started by DBM, Jan 26, 2013.

  1. DBM

    DBM Banned and Insane

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    It all started when some dark devils decided - in the middle of my first night/hours trading manually - without notice/warning, to change the agreed leverage to 1:100.

    I didn't know what happened on my end since all of a sudden I couldn't trade/place orders. I had open orders as well. I tried and tried again. Nothing. I eventually went offline to phone them directly in NZ. Spoke to Neha, supposed "Acc't Manager". Out of the blue she says my leverage was changed. When I heard this I told her to change it back immediately. It was like being kicked in the teeth by a mugger. That's how this felt. It still does. But wait: it gets worse!

    This morning I signed back on to see how two losing trades - open orders - were doing. Well, to my shock and horror, they were not there and my account was now about 10,000 less than the night before!!

    I phone Neha again (who had said by email that she would get back to me...but never did btw) and express my shock and anger. I eventually send my TERMS OF PEACE for their evils against me. (They had NOT changed the leverage back to the agreed amount and as such the two losing trades closed "automatically" because of margin - which was less because of their wickedness against me. I am a Brand New Trader, so there is obviously much I don't know and they did not tell me.)

    They are scam artists and saboteurs. They sabotaged my account, after I made them 3000 in commissions in a few hours.

    Neha - after speaking with an unknown "Manager" (how many "Managers" do they have??) - LIED to me, claiming "I knew" that margin had changed, etc. etc. I phoned back to prove her wrong with the Statement details and such, but she repeatedly refused to answer the phone.

    Bottom line: they now try to blame me for their wickedness and offer nothing in the way of repentance or restitution.

    This is why I urge all souls to CURSE & BOYCOTT this criminal brokerage and all who work for it.

    They shall all pay. Amen.
     
  2. Pharaoh

    Pharaoh Colonel

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    You say you are a new trader. You had at least $10k in your account and leverage dropping to 100:1 caused you to suffer a margin call. You traded enough in a few hours to generate $3000 in commissions for the broker. No matter what the leverage was, this sort of over-trading is common to new traders and is a recipe for disaster.

    Completely separate from any issues with the broker changing leverage or not, you need to do some practice on demo accounts BEFORE placing another cent into a live account.

    Before trading again with real money, read this:

    http://www.forexpeacearmy.com/forex...2272-how-manage-risk-while-forex-trading.html


    Go ahead and invite ThinkForex to come to this thread and explain why the margin varied.
     
  3. DBM

    DBM Banned and Insane

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    STINKForex= BUCKET SHOP

    Here is why STINKForex - without warning/reason/notice - ambushed & sabotaged my account, and I quote from your great glossary which I should have researched instead of taking Forex Growth Bot's "Number One" recommendation for STINKForex:

    Bucket Shop

    A brokerage that takes the opposing side of all customer trades and seldom, if ever, passes orders on to the actual market. Bucket shops count on the fact that most forex traders lose money.

    Since true bucket shops make money only from spread and from customers losing money, they will go to great lengths to make life difficult for customers who make money trading forex to continue to be profitable and/or to withdraw any profits
    .

    They did exactly this to me.

    The FPA had warned about this Outfit years beforehand and I didn't research the brokerage. I believed what the FGB manual and support guy said about the best performing brokerage for the bot...very sad, I know. Very painful and stressful.

    As for the exact figures, I started manually trading with about 4,827 GBP (down from 6000 because of the bot's bad trades a day earlier). In a few hours with the leverage at 1:500, I was up over 17,000 GBP and shooting for 20,000 by the end of the night. That's when the devils sabotaged the account. Leveraged change and hence margin change to make the open losing orders close at a huge loss (10,000). THEY did it. Not me. With the agreed upon and confirmed leverage the margin call would not have happened. They are the guilty ones.

    As for inviting LIARS & THIEVES & SABOTEURS to anything, I will only invite them to the firing squad and then Hell. They refuse to respond to my Terms of Settlement. They will get theirs: ALL of them.

    One complaint is now filed with the New Zealand body for same and I have been directed to file another in the Australian venue. I shall do so. We will sue them if need be. I am not backing down, Bucket Shop or not.

    Thanks for the link and cautionary words. I am confident that I can duplicate my results again, but I hope to find an honest brokerage. (Is that like hoping to find an honest lawyer??? :O)
     
  4. Pharaoh

    Pharaoh Colonel

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    If you try to duplicate your results, I suggest lower risk settings. This will reduce the rate of profits, but will also insulate you against losses and possible adjustments to your leverage.
     
  5. DBM

    DBM Banned and Insane

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    Thanks for the advices.

    I have tried "inviting" the STINKForex filth to reply to my emails and Terms, etc. and they have refused to give ANY NAMES and/or reply to any Terms of Settlement to date.

    I just got an email from a Rhonda Singleton of Home :: FSCL - Financial Services Complaints Ltd. New Zealand's body for financial complaints. Without her involvement I would still be without a name to send any complaint to, any decision-maker, etc. The FSCL is a body without teeth as you will read.

    My response is posted here:

    Dear Miss Singleton,

    Thank you for your reply and forwarding my complaint to ThinkForex's officer for such matters.

    For the record, I have tried to get any type of written response to my matters, inclusive of the name of the individual that handles "internal complaints": to date, nothing has been offered or replied to. Not even the name of anyone that deals with these things.

    I have only had lies, false accusations, emails ignored, more lies, more hindrances, etc.

    Without your involvement I would still be without any contact name or anything else concrete for that matter.

    I thank you for your quick turn around thus far.

    In Truth,



    PS I have also filed the same Complaint with the ASIC since their Global Corporate HQ is based there. I will be pleasantly surprised if any settlement is forthcoming before going to court. Very surprised.

    From: Rhonda Singleton <rhondasingleton@fscl.org.nz>
    To:
    Sent: Monday, January 28, 2013 4:17 PM
    Subject: RE: Public Complaint Against ThinkForex.com

    Ref 13-00033


    29 January 2013

    Dear

    Complaint – Think Forex

    ________________________________________________________________________________

    Thank you for your email of 28 January 2013 about your complaint with Think Forex.

    I have forwarded your complaint to Nauman Anees of Think Forex and asked for the matter to be considered through its internal complaints process. I have asked Think Forex to contact you directly in response to your complaint.

    Please note: This office cannot require a Participant to make a public apology, nor can we fine a Participant.



    Yours sincerely


    Rhonda Singleton | Enquiries & Administration Manager

    P: (04) 472 3725
    F: (04) 472 3728
    E: rhondasingleton@fscl.org.nz
    Home :: FSCL - Financial Services Complaints Ltd.
     
  6. DBM

    DBM Banned and Insane

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    After being blindsided by Beelzebub's Bucket Shop **** Souls, I am still reeling, but continuing to fight on.

    After I get the ball rolling on the complaints (done) and deal with the potential court case (lawsuit - but that can be avoided if they perform the actions outlined in the Terms offered to them), I can focus on getting a faster connection (necessary for such trading I know now for sure), finding a righteous, honest broker (praying here) and then trying out more Demo action before diving in again to the Real/Live account and trading through that.

    Leverage changes should never be done to break a contract and certainly not in the middle of trading and open orders!! Only Bucket Shop **** Heads would do such a thing...then change it back after making you lose about 10,000 GBP. Loss of equity and actual loss (closed losing orders) are two entirely separate things, obviously.
     
  7. DBM

    DBM Banned and Insane

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    PUBLIC COMPLAINT
    AGAINST ThinkForex.com

    I am a brand new client of ThinkForex.com My Live Account number is: XXXXXX.

    I know virtually nothing about Forex other than through a few robots (EAs) and installing them on Demo accounts and watching their performance. I have no other experience than this in the world of Forex.

    When I signed up (January, 2013) for a Live Account with ThinkForex.com they asked for information on one's trading experience and I selected “No Experience” in the form. They knew I had no experience from the outset.

    When I realized that I also qualified for a Pro Account I applied for same and also asked for leverage to be increased to 1:500. Both requests were confirmed with proofs.

    ThinkForex.com Sabotaged My Account

    After I allowed a bot to run and lose over 20% of my account overnight, I was surprised as this robot had a good track record in recent days. I eventually turned it off and tried my hand at manual trading on my new Live Account. Within a very short time, I became quite successful at making trades on my own. So successful, it appears, that some envious souls in the “Compliance Department” decided to – without notice, warning or reason – shut me down in the middle of trading and open trades, etc.

    They sabotaged my account.

    As I was making successful trades, all of a sudden, I couldn't place orders. I tried again and again: nothing. Nothing I did allowed me to continue as I was.

    Was it a glitch on my end? Bad connection? I couldn't determine for sure.

    I eventually had to phone their head office in the middle of the night (my time) and spoke to Neha, a supposed “Account Manager”, and told her what had happened and asked if she knew what was wrong: why couldn't I trade any longer?? She then informed me that my leverage was changed to 1:100!! That's right: unnamed conspirators (she refused/refuses to name them or let me speak to them, despite asking for same many times) in this so-called “Compliance Department” had devised to, and did in fact, attack me without warning or reason.

    No email was ever sent to state what and/or why they had done this evil to me.

    I was floored. Shocked. Traumatized. (But this was just the beginning of more wickedness against me.)

    I thought, “How can this happen? This is what an enemy would do; not what one's own brand new & first ever Forex broker – who you are paying through commissions – is supposed to even think of doing!!” (My trading netted them ~3,000 GBP in commissions in a few hours!!)

    They certainly wouldn't want someone to do this to them were situations reversed!! (Neha originally verbally agreed with this statement.)

    Neha then said to email her the confirmation that was sent to me. “That would help,” she said.

    I shouldn't have had to do anything. THEY were and are in the wrong and they knew it and they know it. However, I sent the email as further proof. I told her to change it back to the way it was immediately.

    She then sent her only response by email telling me to be “patient and understanding”. What a sick joke.

    She also said that she would reply with a further email.

    She never sent another email.

    I didn't try to make any other trades after the new leverage limited my ability to trade as before. Two trades were left open. Had the leverage been changed back to the original, there would have been no problem. However, as I found out the next morning, about 10,000 GBP was missing from my account balance and no trades were open!!

    Once again, I am further traumatized by this broker's actions!! What is going on?? They are now stealing from my account!! I could hardly believe it!!

    I was forced to phone Neha again!! She then tried to wiggle out of her and her conspirator's wrongs, to no avail. I had told her correct their malicious changes and confirmed with her the same in writing by email. She then tells me that the system “automatically” closed out the losing trades because of margin.

    They had refused to change the leverage back to the original!! Now she/they try to blame me for their sabotage and trauma!! This was too much to bear.

    I then sent them Terms of Settlement which were as follows below. (Please note that since they were wholly refused, out of hand and without even a written reply, new Terms are being drawn up presently. More trauma, more STUBBORNESS and FALSE ACCUSATIONS on their part mean more restitution that they are liable for.)

    Original Terms of Settlement (For Traumas & Losses They Are Liable For)

    This is the email that I sent to Neha.

    Neha,

    No, I shall not 'understand' wickedness on the part of people who are being paid to be ethical.

    Not only did they curse me by attacking me and my account without warning or reason, they - your company - are not doing what they would wish done to them aka The Golden Rule. I think I know why too.

    Further, they have not only not repented of their original attacks, they have continued their assaults and crimes against me and my brand new account, once again without warning or reason.

    Neha, you did not follow up with an email regarding these matters as you said you would...and things have now become nightmarish as you know.

    I have seen what happens to companies - and people who enable them - who do these sorts of things to innocent people, and it's not pretty, to say the least.

    TERMS OF PEACE

    Here are the terms of peace:

    The parties responsible for these continuing attacks on my account and soul shall be named.
    The named parties shall repent for these attacks in writing, signing and printing their names unless and except they are all fired. If that is the case, their names shall be given and positions held within
    ThinkForex as well as the one(s) who fired them. This is part of the record.
    The account shall be returned to its original state as per the original confirming email and leverage ratio and amounts therein.
    All trades closed by the guilty parties today - once again, without warning/reason - are to be reopened.
    As restitution for these ongoing attacks, all commissions shall be refunded and - if I trade through your brokerage in the future - all future commissions shall be 3 units per lot (not 6 as is currently charged).

    If all of these terms are met, I will release all compliant parties from further actions.

    In Truth,

    From: ThinkForex Support <support@thinkforex.com>
    To:*
    Sent: Thursday, January 24, 2013 6:36 AM
    Subject: [#BDY-248-76355]: Leverage should be 500:1

    Hi*

    Thank you for your email. This is to confirm that your request has been received and our compliance team is looking into it. I will get back to you as soon as I get more information in this regard. Thank you for your patience and understanding

    Regards

    In a follow up phone call, Neha refused – on behalf of the Company – to make any repentance, restitution or even reply to this email.

    To add insult to the injuries they continue to cause, she then FALSELY ACCUSED us of “knowing” of the leverage change and blaming us for the injuries they wickedly caused and still defend!! Defending the indefensible.

    4
    I tried to reach Neha a few more times by phone, but she repeatedly refused to answer: she knew she was guilty.

    “Feels Like”

    The following account is how I feel – in spirit – ThinkForex has done me in.

    Imagine that you have an agreement in place with an Outfit and you are new to the whole business. Now imagine that Outfit, after you are conducting business as agreed, conspiring to sabotage your business and crush you, all while you are thinking they are out to help you “win”.

    See yourself walking by a dark alley, not knowing that the Outfit's Conspirators and Bullies are about to attack you. Without warning, you are struck on the head from behind by unknown assailants. You severely injured & traumatized as you fall to the ground. You then struggle to see just who has done this to you.

    To your shock and horror, it is the very same Outfit that you are paying and have the Agreement with!! As you continue to try and recover and find out why they have done this, they then – all together – start stomping on your head and laughing!!

    To make matters worse, they then tell you: “It's all your fault!!”

    This scenario is exactly how I feel ThinkForex.com – through its wicked agents – has treated, and continues to treat, me, their client and their victim.

    Needless to say, one cannot feel safe with, nor can they trust, such wicked people.

    CONCLUSION

    It is clear now that I should not have accepted – without due diligence and fact checking, comparing, etc. - the very high and Number One recommendation of the software maker for the bot I used regarding ThinkForex.com. It makes me wonder if they are in bed together...

    Bucket Shop

    I did some extra checking on review sites for Forex traders and brokers and found out that ThinkForex meets the exact definition of a “BUCKET SHOP”, to wit:

    A brokerage that takes the opposing side of all customer trades and seldom, if ever, passes orders on to the actual market. Bucket shops count on the fact that most forex traders lose money.

    Since true bucket shops make money only from spread and from customers losing money, they will go to great lengths to make life difficult for customers who make money trading forex to continue to be profitable and/or to withdraw any profits.

    They did exactly this to me.

    Since the original Terms of Settlement (Out of Court) have been rudely refused and ignored, we now offer more expensive and public Terms of Settlement, if they do not wish to be sued in court.

    TERMS OF SETTLEMENT

    These terms are non-negotiable because of the ongoing and severe trauma and losses ThinkForex and its conspirators have caused and continue to cause.

    1. The guilty parties – inclusive of Neha, for LYING & FALSELY ACCUSING us – shall be publicly named & shamed on ThinkForex.com's website in a special Page for this purpose. Their crimes shall be known to all.
    2. The guilty parties shall be fired – with written proof of same and the accompanying reasons – and Public Notice of these firings – inclusive of said reasons - shall also be posted on the same Page. Written confirmation of same shall be sent to the victim of their sabotage and attacks.
    3. The sum of 33,000 GBP shall be paid to the victim as restitution for these wicked actions against him.
    4. The victim shall – if he so wishes – trade commission-free in perpetuity using ThinkForex.com and its services. No fees shall be charged to the victim for any of ThinkForex's services.

    If these Terms are met and agreed to in writing – in full – within five (5) business days, no further actions shall be taken against ThinkForex and its principals, agents, and/or employees. ThinkForex will then be released from all guilt and liability concerning these matters detailed herein.

    Conversely, if these Terms are not met within the stated time limit, more expensive actions shall commence against you, your Company and the guilty parties, personally and severally.

    To quote the wise king Solomon:

    Because sentence against an evil work is not executed speedily, therefore the heart of the sons of men is fully set in them to do evil. - Ecclesiastes 8:11

    In Truth and to the Glory of God,
     
  8. DBM

    DBM Banned and Insane

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    UPDATE: After Rhonda forwarded my Public Complaint to Nauman A., Managing Director of STINKForex, a Rob T. is now trying to "call me" on the phone.

    NO. The opportunity for "talking on the phone" is well gone now. Neha and her criminals saw to that very well. The lying thieves.

    I told him by email that any discussion shall be by email for the record.

    Will keep you updated as we go.
     
  9. DBM

    DBM Banned and Insane

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    STINKForex adds further insult & theft to their tally

    FURTHER HELL FROM ThinkForex!!

    I decided to try and get what funds I had left in the account, after I had qualified for their 20% bonus (amounting to 1000 GBP) because I could no longer trust them.

    But - and you're going to love this - they bring up the Terms of the bonus and state, after the deposit funds are withdrawn that I have breached the Terms by withdrawing them before 60 days are up. They steal the 1000 GBP as well!!

    Priceless. More theft. More wickedness.

    THEY cause the trauma, they cause the theft, they LIE & DECEIVE all to steal from me and now they say the Terms are breached...but they can break every contract they wish...BUCKET SHOP BASTARDS.

    ****ing sickening. CURSE THEM ALL!!
     
  10. Pharaoh

    Pharaoh Colonel

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    If they have a 60 day limit, then you need to wait 60 days. That seems pretty simple.

    You want 33,000 GBP because you say they caused you a 10,000 GBP loss. You want a permanent page shaming any employee involved with documentation that those employees were fired. After all of that, you want commission free trading for life.

    For the sake of argument, let's say that several evil employees took time out of their workday to conspire to cause this issue. If so, the most you should be expecting is to hear that they were fired (without public or private documentation - that would violate labor laws in many countries), a refund of your lost funds (possibly with a modest addition as further compensation), and an apology.

    As it stands, your non-negotiable demands are crazy. If you tried to present this to any regulator or court of law, your case wouldn't be taken seriously even if you had ironclad evidence to back up each and every allegation you've made.
     

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