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Discussion in 'Forex Brokers' started by Administrator, Nov 2, 2009.

  1. Administrator

    Administrator Just Administrator :-)

    Sep 24, 2007
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  2. stevesmain

    stevesmain Sergeant

    Jan 30, 2009
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    Been very disappointed with the recent post by Exto. Presenting misleading information after demonstrating the facts to Exto.

    While they seem to be client orientated , when they do not get the facts straight then there is concern.

    The problem first, with orders not going through was the beginning of April. A few weeks later when I noticed the same issue, I contacted to ask why. Then and only then did they call to discuss a problem. Not within minutes etc.
    They had restricted trading in larger lots at the beginning of April and did not inform me till well after the fact and at that they were not clear about this. Only when I stated the facts did they acknowledge this.

    To imply that having a backup ISP, & it was reading different prices, that I was manipulating matters in some way, was deceitful at best!

    They had & maybe still do, a price feed issue. When trading patterns & news they seemed to coincide with there issue. The only logical conclusion was that there system was flawed.

    It is understandable they have to get there system working right.

    This info is for other traders to be alert.
  3. ALS

    ALS Recruit

    Jul 24, 2010
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    ....Exto Capital is based in Switzerland, and their online operation started in 2007....... Exto Capital is regulated by the OAR-G (member #485, ), an organization that's main purpose is to help combat money laundering. Exto Capital is also regulated by the Federal Department of Finance in Switzerland (reg.number: 550-1050424-3, ).
    Exto Capital SA, is incorporated in the British Virgin Islands under the
    BVI Business Companies Act, 2004 (as amended). Exto
    Capital has strict policies concerning reporting and book keeping and in dealing with its customers. Exto Capital SA (reg. number: 1520862)
    Basic Broker Details Forex Trading | Online Forex Broker | Gold Oil CFD | Exto Capital
    Country of Originr>Switzerland
    Regulation Body Federal Department of Finance in Switzerland (reg. number: 550-1050424-3,OAR-G (member #485, ) "

    "... Exto Capital is regulated by the OAR-G (member #485, Bienvenue sur le site de l'OAR-G), an organization that's main purpose is to help combat money laundering.
    Exto Capital is also regulated by the Federal Department of Finance in Switzerland (reg. number: 550-1050424-3, http://www.efd.admin.ch)...."


    BVI FSC Issues Advisory Warnings on Financial Services Business Companies
    On September 8 2009, the British Virgin Islands Financial Services Commission issued two Advisory Warnings concerning the following companies:

    Exto Capital S.A.;
    Sky Way Monetary Limited;
    and Gulf International Investment Group Limited (GIIG 1982).

    According to the documents published under Section 4 (1) (l) of the Financial Services Commission Act, 2001, these companies are not licensed to carry on financial services business in or from within the territory of the British Virgin Islands. The Commission advised members of the public to exercise extreme caution in conducting any transactions with these companies.

    Members of the public are advised to exercise extreme caution in conducting any transactions with Exto Capital S.A.
    http://bvioffshoreibc.blogspot.com/s...ory Warnings

    Dear Als

    Your inquiry to the Federal Department of Finance was forwarded to our authority, the Swiss Financial Market Supervisory Authority (FINMA) is the state supervisory authority for banks, insurance companies, stock exchanges, securities dealers and collective investment schemes. The FINMA is responsible for combating money laundering and, where necessary, conducts financial restructuring and bankruptcy proceedings. In addition, the FINMA has supervisory powers in respect of the disclosure of holdings and is the complaints body for decisions of the Takeover Board in the area of public takeover bids for listed companies.

    Exto Financials SA
    Rte de Cité-Ouest 2
    1196 Gland

    is registered in the trade register of the Canton of Vaud. The company is under liquidation. The liquidation commenced on December 23rd, 2009.

    Exto Financials SA was at no time in receipt of an authorization by FINMA for an activity in the Swiss financial market.

    Exto Capital has no physical presence in Switzerland, and thus no registration or license.

    Please note that FINMA cannot assist customers in the redemption of payments made with unauthorized entities. Claims subject to civil law must be clarified in civil proceedings, and the cantonal or federal criminal investigation agencies are responsible for penal matters.

    We hope our information is of assistance to you.
    Kind regards

    Christina Bürgi

    Strategic and Central Services

    Eidgenössische Finanzmarktaufsicht FINMA
    Autorité fédérale de surveillance des marchés financiers FINMA
    Autorità federale di vigilanza sui mercati finanziari FINMA
    Swiss Financial Market Supervisory Authority FINMA

    Einsteinstrasse 2, CH-3003 Berne
    Tel. +41 31 327 91 73
    Fax +41 31 327 91 01

: extocapital

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