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ECN Alpha is not processing my withdrawals

Discussion in 'Scam Alerts' started by billnew2fx, Dec 19, 2011.

  1. billnew2fx

    billnew2fx Private

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    I have accounts with this broker since March 2011.
    All was going well with this broker. Low spreads and low commission until I started making some profit from scalping, which is allowed per their website.

    Since September, the spreads have widened ( above 3 pips on EURUSD in addition to commission of USD5 per round lot) and they did nothing even though I've complained a few times.

    Now it seems my nightmare is close to materialise. I haven't receive a single dollar from my withdrawal requested since 3 months ago. Their support team has been ignoring my emails. However, their CEO advised that the money will come soon but have missed the latest deadline that he suggested.
     
  2. Pharaoh

    Pharaoh Colonel

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    Did you deposit by bankwire? If so, contact your bank and the police and ask about how to file wire fraud and internet-based financial fraud charges.
     
  3. billnew2fx

    billnew2fx Private

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    Apparently they have some issue with their bank account. I will wait for a couple more weeks and seen how it will progress.
     
  4. Albert.b

    Albert.b Sergeant

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    Could that be that they have nothing in it?
     
  5. Pharaoh

    Pharaoh Colonel

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    Go ahead and start making inquiries with your bank and local police about wire fraud charges. If you want to wait a couple of weeks to file them, that's fine, but put those 2 weeks to good use. Get screenshots of everything associated with your account and the missing money.
     
  6. SuperEA

    SuperEA Recruit

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    ECN Alpha has increased their spread to 3-5 pips

    I am having a similar problem. They have now increase the spread on the EUR/USA to 3-5 pips. I was attempting to use a scalper; however, I was unable to use the scalper at this spread. Then they stopped responding to my e-mails. I have put in a request to refund my money and we will see how that goes.
     
  7. Pironkey

    Pironkey Recruit

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    Hello billnew2fx,

    Then, did you get your money back?
    Now, I am having the same problem.
    ECN Alpha is also not processing my withdrawals. I odered to withdraw on 25Th Jan. Their support team had explained various reasons which cannot be withdrawn to me by E-mail. But they has been ignoring my emails since 12th Mar.

    The following is negotiation with E-mail with me and a support team.

    "Withdrawal" by Pironkey (Edit)
    I oder to withdraw on 25Th Jan.
    But you have never worked for it.
    I am in a hurry!
    Just do it immediately!!!

    admin -- Feb 1 2012, 6:15 PM
    I have forwarded it to accounts and they will do the needful as early as possible

    Pironkey -- Feb 6 2012, 9:11 AM
    I have not yet received the funds!
    How many more days do you want to keep me waiting????

    admin -- Feb 6 2012, 7:33 PM
    Dear sir,
    it will be processed within 24 to 48 hours

    Pironkey -- Feb 9 2012, 2:09 PM
    I oder to withdraw on 25Th Jan.
    But you have never worked for it.
    I am in a hurry!
    Just do it immediately!!!
    I may report to FPA that you are SCAM.

    admin -- Feb 9 2012, 7:40 PM
    it will be done within 24 hours

    Pironkey -- Feb 10 2012, 11:03 PM
    Why do not you repay me over a long period of time?
    Are you really a swindler?

    admin -- Feb 11 2012, 5:25 AM
    withdrawals will be processed once the open positions are closed on your account

    Pironkey -- Feb 20 2012, 3:17 AM
    The open positions are closed on my account now.
    Just do it immediately!!!!!!!!!!!!

    admin -- Feb 20 2012, 7:57 PM
    Will inform the accounts team and they will do it now

    Pironkey -- Feb 21 2012, 8:59 AM
    You said that they will do it now.
    But Now it is still "Pending".
    Why??????????????????

    admin -- Feb 21 2012, 7:06 PM
    kindly reply with the account number when u raise a support ticket. We can find it only with the help of your account number

    Pironkey -- Feb 21 2012, 7:54 PM
    xxxxxxxxxx

    admin -- Feb 27 2012, 7:05 PM
    Details are noted. It will be processed within 24 hours

    Pironkey -- Feb 29 2012, 1:26 AM
    You spent over a month already!!!
    But I have never refund my money yet.
    How can I get my money????

    admin -- Feb 29 2012, 8:37 PM
    You will get your money to your bank account. It will be processed today

    Pironkey -- Mar 2 2012, 2:45 AM
    You spent one more day already.
    But my status is still "Pending" now.
    Why?????????????????????????

    admin -- Mar 2 2012, 7:29 PM
    Dear sir,
    We have some banking issue and hence it was not processed. It will be processed this week sure.
    Regards,
    Francis

    Pironkey -- Mar 2 2012, 7:38 PM
    Please do it ASAP.
    By the way, Can I refund to my Prepaid Debit MasterCard?

    admin -- Mar 2 2012, 7:40 PM
    sorry at the moment we do not have provision to pay to master card

    Pironkey -- Mar 2 2012, 7:44 PM
    How about VISA Debit Card?

    Pironkey -- Mar 12 2012, 10:08 AM
    >Dear sir,
    >We have some banking issue and hence it was not processed. It will be processed this week sure.
    Dear Francis,
    Have you finished it?
    I need my money ASAP.
    When can i get my money?

    admin -- Mar 12 2012, 7:58 PM
    yes sir it will be finished in a day or two. sure this week you will get your money back

    3 Weeks Ago Pironkey -- Mar 19 2012, 6:27 AM
    >yes sir it will be finished in a day or two. sure this week you will get your money back
    Dear Francis,
    I have never yet gotten my money back!!
    I ask you again, whan can I get my money back????????

    3 Weeks Ago Pironkey -- Mar 21 2012, 1:04 PM
    >yes sir it will be finished in a day or two. sure this week you will get your money back
    Dear Francis,
    I have never yet gotten my money back!!
    I ask you again, whan can I get my money back????????

    3 Weeks Ago Pironkey -- Mar 21 2012, 7:05 PM
    >yes sir it will be finished in a day or two. sure this week you will get your money back
    Dear Francis,
    I have never yet gotten my money back!!
    I ask you again, whan can I get my money back????????

    3 Weeks Ago Pironkey -- Mar 22 2012, 9:50 AM
    >yes sir it will be finished in a day or two. sure this week you will get your money back
    Dear Francis,
    I have never yet gotten my money back!!
    I ask you again, whan can I get my money back????????

    2 Weeks Ago Pironkey -- Mar 23 2012, 9:19 AM
    >yes sir it will be finished in a day or two. sure this week you will get your money back
    Dear Francis,
    I have never yet gotten my money back!!
    I ask you again, whan can I get my money back????????

    2 Weeks Ago Pironkey -- Mar 23 2012, 7:58 PM
    >yes sir it will be finished in a day or two. sure this week you will get your money back
    Dear Francis,
    I have never yet gotten my money back!!
    I ask you again, whan can I get my money back????????

    After this until Today, I send many email to them but they has been ignoring me.
     
    #7 Pironkey, Apr 13, 2012
    Last edited: Apr 13, 2012
  8. billnew2fx

    billnew2fx Private

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    Nope. I have not received my money and they have been ignoring my emails.
     
  9. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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    Consider your case to be active again. It goes to a vote next week.
     
  10. Pironkey

    Pironkey Recruit

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    Dear billnew2fx,
    Thank you for your reply.

    You and I have not received our money, in the meantime, the account shown at the FPA has withdrawn money from the account with ECN Alpha several times.
    Acme Hedge Normal Managed Real Test by ForexPeaceArmy.com

    I tell you about my case.
    FPA is following the realistic test of a managed account by the company called Acme Hedge as the upper link.
    And Acme Hedge had also managed my account with another broker.
    But since Acme Hedge recommended to change the broker from another one to ECN Alpha to me strongly one day, I opened the account with ECN Alpha. Each of Acme Hedge and ECN Alpha is the neighborhood immediately in Panama.
    Since ECN Alpha began to have disregarded me, ACME Hedge negotiated with ECN Alpha for me. However, ACME Hedge has also disregarded my email since 7th Apr.
     

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